Market Overview:
The global closed-cycle cryogenic probe station market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for semiconductors and magnetic materials across different applications. Additionally, the growing adoption of closed-cycle cryogenic probe stations in research and development activities is also propelling the growth of this market. On the basis of type, electromagnets are expected to hold a dominant position in the global closed-cycle cryogenic probe station market during the forecast period. This can be attributed to their high performance and low power consumption as compared with other types of magnets such as superconducting solenoids and ring magnets kit. On account of these factors, electromagnets are increasingly being adopted in various applications such as semiconductors, magnetic materials, and others across different regions worldwide.
Product Definition:
A closed-cycle cryogenic probe station is a device used to measure the electrical and thermal properties of materials at very low temperatures. Closed-cycle cryogenic probe stations are important for research into new materials that could be used in electronics, energy storage, or other applications.
Electromagnet:
Electromagnetic (EM) waves are used for diagnostic and surgical purposes in medical imaging, therapy, and other applications. The usage of EM waves in the healthcare sector is increasing due to its several advantages such as non-ionizing radiation with high penetrating power; ability to treat a wide range of diseases; no risk of exposure to viruses or bacteria like x-ray; can be used by surgeons & physicians from various distances away without compromising image quality.
Superconducting Solenoid:
The global superconducting solenoid market size was valued at USD 81.0 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for high energy particle physics experiments, nuclear magnetic resonance (NMR) spectroscopy, and other applications are anticipated to drive the growth of this industry during the forecast period.
Application Insights:
Semiconductors led the global closed-cycle cryogenic probe station market in 2017 and is expected to continue its dominance over the forecast period. The growing demand for semiconductors has resulted in an increased focus on manufacturing facilities at lower costs, with improved efficiency, and higher operational speeds. This trend is expected to drive the demand for CCCPS over the coming years.
Magnetic materials application segment was valued at USD 391.5 million in 2017 owing to high production of magnetic storage devices such as hard disks, tapes & cartridges, and floppy disks that use ferrite magnets along with their recording surfaces.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing demand for electronics and high usage of semiconductors. Furthermore, presence of key players such as General Electric; Hitachi, Ltd.; and Siemens AG is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing industrialization in emerging economies such as China and India. In addition, expansion activities by various organizations are likely to contribute toward increased demand for closed-cycle cryogenic probe stations in this region over the next eight years. For instance, International Electrotechnical Commission (IEC) has planned installation of several cold chain monitoring systems across Europe that would include cryogenic monitoring systems based on a closed-cycle probe station architecture developed by researchers at ETH Zurich’s Institute for Materials Science & Engineering (WIMS).
Growth Factors:
- Increasing demand for miniaturized and portable devices
- Growing number of research and development activities in the field of cryogenic probe station
- Rising adoption of closed-cycle cryogenic probe stations in semiconductor industry
- Proliferation of nanotechnology and MEMS technology
- Increasing funding for research on advanced cryogenic probe stations
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed-Cycle Cryogenic Probe Station Market Research Report
By Type
Electromagnet, Superconducting Solenoid, Ring Magnet Kit
By Application
Semiconductors, Magnetic Materials, Others
By Companies
Advanced Research Systems(ARS), Lake Shore Cryotronics, MicroXact, Yingbo Scientific Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Closed-Cycle Cryogenic Probe Station Market Report Segments:
The global Closed-Cycle Cryogenic Probe Station market is segmented on the basis of:
Types
Electromagnet, Superconducting Solenoid, Ring Magnet Kit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductors, Magnetic Materials, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Research Systems(ARS)
- Lake Shore Cryotronics
- MicroXact
- Yingbo Scientific Instruments
Highlights of The Closed-Cycle Cryogenic Probe Station Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromagnet
- Superconducting Solenoid
- Ring Magnet Kit
- By Application:
- Semiconductors
- Magnetic Materials
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed-Cycle Cryogenic Probe Station Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A closed-cycle cryogenic probe station is a type of laboratory that uses liquid nitrogen to maintain extremely low temperatures. These stations are used for research purposes, such as studying the properties of materials at very low temperatures.
Some of the key players operating in the closed-cycle cryogenic probe station market are Advanced Research Systems(ARS), Lake Shore Cryotronics, MicroXact, Yingbo Scientific Instruments.
The closed-cycle cryogenic probe station market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed-Cycle Cryogenic Probe Station Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Closed-Cycle Cryogenic Probe Station Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed-Cycle Cryogenic Probe Station Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Closed-Cycle Cryogenic Probe Station Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Closed-Cycle Cryogenic Probe Station Market Size & Forecast, 2018-2028
4.5.1 Closed-Cycle Cryogenic Probe Station Market Size and Y-o-Y Growth
4.5.2 Closed-Cycle Cryogenic Probe Station Market Absolute $ Opportunity
Chapter 5 Global Closed-Cycle Cryogenic Probe Station Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
5.2.1 Electromagnet
5.2.2 Superconducting Solenoid
5.2.3 Ring Magnet Kit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Closed-Cycle Cryogenic Probe Station Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
6.2.1 Semiconductors
6.2.2 Magnetic Materials
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed-Cycle Cryogenic Probe Station Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed-Cycle Cryogenic Probe Station Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Closed-Cycle Cryogenic Probe Station Analysis and Forecast
9.1 Introduction
9.2 North America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
9.6.1 Electromagnet
9.6.2 Superconducting Solenoid
9.6.3 Ring Magnet Kit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
9.10.1 Semiconductors
9.10.2 Magnetic Materials
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Closed-Cycle Cryogenic Probe Station Analysis and Forecast
10.1 Introduction
10.2 Europe Closed-Cycle Cryogenic Probe Station Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
10.6.1 Electromagnet
10.6.2 Superconducting Solenoid
10.6.3 Ring Magnet Kit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
10.10.1 Semiconductors
10.10.2 Magnetic Materials
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Closed-Cycle Cryogenic Probe Station Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Closed-Cycle Cryogenic Probe Station Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
11.6.1 Electromagnet
11.6.2 Superconducting Solenoid
11.6.3 Ring Magnet Kit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
11.10.1 Semiconductors
11.10.2 Magnetic Materials
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Closed-Cycle Cryogenic Probe Station Analysis and Forecast
12.1 Introduction
12.2 Latin America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
12.6.1 Electromagnet
12.6.2 Superconducting Solenoid
12.6.3 Ring Magnet Kit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
12.10.1 Semiconductors
12.10.2 Magnetic Materials
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Closed-Cycle Cryogenic Probe Station Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Closed-Cycle Cryogenic Probe Station Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Closed-Cycle Cryogenic Probe Station Market Size Forecast by Type
13.6.1 Electromagnet
13.6.2 Superconducting Solenoid
13.6.3 Ring Magnet Kit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Closed-Cycle Cryogenic Probe Station Market Size Forecast by Applications
13.10.1 Semiconductors
13.10.2 Magnetic Materials
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed-Cycle Cryogenic Probe Station Market: Competitive Dashboard
14.2 Global Closed-Cycle Cryogenic Probe Station Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Research Systems(ARS)
14.3.2 Lake Shore Cryotronics
14.3.3 MicroXact
14.3.4 Yingbo Scientific Instruments
