Market Overview:
The global closed cycle cryostats market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for quantum technology and optical spectroscopy applications, and rising adoption of cryostats in material characterization applications. Based on type, the global closed cycle cryostats market is segmented into electromagnet, superconducting solenoid, ring magnet kit, and others. The electromagnet segment is expected to hold the largest share of the global closed cycle cryostats market in 2018 owing to its high demand from quantum technology and optical spectroscopy applications. Based on application, the global closed cycle cryostats market is segmented into optical spectroscopy, quantum technology, magnet technology, material characterization, and others. The optical spectroscopy application segment is expected to hold the largest share of the global closed cycle cryostats market in 2018 owing to its growing demand for advanced analytical techniques such as Raman Spectroscopy and Fourier Transform Infrared Spectroscopy (FTIR).
Product Definition:
A closed cycle cryostat is a device that circulates a refrigerant fluid to remove heat from an object and maintain it at very low temperatures. Closed cycle cryostats are important for cooling down large objects, such as research instruments or nuclear reactors, to temperatures near absolute zero.
Electromagnet:
Electromagnet is a device that generates an electromagnetic field for the purpose of cooling or heating a sample. It is used in cryostats to remove thermal excitation energy from or add heat to the sample respectively. Electromagnetic fields are generated by electric currents and their associated magnetic materials; they can be used for both cooling and heating samples depending upon their application.
Superconducting Solenoid:
Superconducting solenoid is a device used in closed cycle cryostats to provide magnetic shielding. It consists of a coil of superconductor wire around which the cryogenic liquid metal is circulated for cooling. The superconducting solenoid provides an efficient way to shield magnetic fields and protect the delicate equipment from high energy particles that could damage sensitive instruments or create electrical noise.
Application Insights:
The optical spectroscopes segment dominated the global closed cycle cryostats market in 2017. The growth can be attributed to the increasing demand for high-precision optical devices and instruments. Optical spectroscopy is widely used for studying molecular and atomic physics, solid-state physics, chemical analysis of materials, surface science as well as biological & physical chemistry.
Quantum technology application segment is expected to witness significant growth over the forecast period owing to its wide range of applications such as quantum information technology (QIT), nanotechnology research laboratories and others. In recent years, there has been a surge in investments by various companies towards research activities related to QIT which provides opportunities for instrument manufacturers during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing R&D and high adoption of cryogenic technologies across various applications. In addition, presence of major players in this region is expected to drive the regional demand for closed cycle cryostats over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to increasing government funding for basic research activities and rising number of conferences & symposiums related to cold sciences & technologies such as magnetism, optics, refrigeration etc. Moreover, growing medical tourism industry due to availability of advanced healthcare treatments at low cost in countries like India and China are expected boost regional demand during forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for low temperature applications in various industries
- Growing research and development activities for novel cryogenic applications
- Rising adoption of closed cycle cryostats in academic and research institutes
- Proliferation of nanotechnology and its associated application areas
- Technological advancements in the field of cryogenics
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Cycle Cryostats Market Research Report
By Type
Electromagnet, Superconducting Solenoid, Ring Magnet Kit, Others
By Application
Optical Spectroscopy, Quantum Technology, Magnet Technolgy, Material Characterisation, Others
By Companies
Attocube, Advanced Research Systems(ARS), CryoVac, Lake Shore Cryotronics, Cryomech, Oxford Instruments, RHK Technology, Montana Instruments, Vacree Technologies, Physike Technology, ColdEdge Technologies, ICEoxford
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Closed Cycle Cryostats Market Report Segments:
The global Closed Cycle Cryostats market is segmented on the basis of:
Types
Electromagnet, Superconducting Solenoid, Ring Magnet Kit, Others
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
Optical Spectroscopy, Quantum Technology, Magnet Technolgy, Material Characterisation, 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:
- Attocube
- Advanced Research Systems(ARS)
- CryoVac
- Lake Shore Cryotronics
- Cryomech
- Oxford Instruments
- RHK Technology
- Montana Instruments
- Vacree Technologies
- Physike Technology
- ColdEdge Technologies
- ICEoxford
Highlights of The Closed Cycle Cryostats 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
- Others
- By Application:
- Optical Spectroscopy
- Quantum Technology
- Magnet Technolgy
- Material Characterisation
- 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 Cryostats 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 cryostat is a type of cryostat that maintains a temperature within a specific range. This allows scientists to perform experiments at very low temperatures, which can be difficult or impossible to do in open cycle cryostats.
Some of the major players in the closed cycle cryostats market are Attocube, Advanced Research Systems(ARS), CryoVac, Lake Shore Cryotronics, Cryomech, Oxford Instruments, RHK Technology, Montana Instruments, Vacree Technologies, Physike Technology, ColdEdge Technologies, ICEoxford.
The closed cycle cryostats market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed Cycle Cryostats 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 Cryostats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Closed Cycle Cryostats 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 Cryostats 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 Cryostats Market Size & Forecast, 2018-2028
4.5.1 Closed Cycle Cryostats Market Size and Y-o-Y Growth
4.5.2 Closed Cycle Cryostats Market Absolute $ Opportunity
Chapter 5 Global Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
5.2.1 Electromagnet
5.2.2 Superconducting Solenoid
5.2.3 Ring Magnet Kit
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Applications
6.2.1 Optical Spectroscopy
6.2.2 Quantum Technology
6.2.3 Magnet Technolgy
6.2.4 Material Characterisation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed Cycle Cryostats 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 Cryostats 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 Cryostats Analysis and Forecast
9.1 Introduction
9.2 North America Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
9.6.1 Electromagnet
9.6.2 Superconducting Solenoid
9.6.3 Ring Magnet Kit
9.6.4 Others
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 Cryostats Market Size Forecast by Applications
9.10.1 Optical Spectroscopy
9.10.2 Quantum Technology
9.10.3 Magnet Technolgy
9.10.4 Material Characterisation
9.10.5 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 Cryostats Analysis and Forecast
10.1 Introduction
10.2 Europe Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
10.6.1 Electromagnet
10.6.2 Superconducting Solenoid
10.6.3 Ring Magnet Kit
10.6.4 Others
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 Cryostats Market Size Forecast by Applications
10.10.1 Optical Spectroscopy
10.10.2 Quantum Technology
10.10.3 Magnet Technolgy
10.10.4 Material Characterisation
10.10.5 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 Cryostats Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
11.6.1 Electromagnet
11.6.2 Superconducting Solenoid
11.6.3 Ring Magnet Kit
11.6.4 Others
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 Cryostats Market Size Forecast by Applications
11.10.1 Optical Spectroscopy
11.10.2 Quantum Technology
11.10.3 Magnet Technolgy
11.10.4 Material Characterisation
11.10.5 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 Cryostats Analysis and Forecast
12.1 Introduction
12.2 Latin America Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
12.6.1 Electromagnet
12.6.2 Superconducting Solenoid
12.6.3 Ring Magnet Kit
12.6.4 Others
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 Cryostats Market Size Forecast by Applications
12.10.1 Optical Spectroscopy
12.10.2 Quantum Technology
12.10.3 Magnet Technolgy
12.10.4 Material Characterisation
12.10.5 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 Cryostats Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Closed Cycle Cryostats 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 Cryostats Market Size Forecast by Type
13.6.1 Electromagnet
13.6.2 Superconducting Solenoid
13.6.3 Ring Magnet Kit
13.6.4 Others
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 Cryostats Market Size Forecast by Applications
13.10.1 Optical Spectroscopy
13.10.2 Quantum Technology
13.10.3 Magnet Technolgy
13.10.4 Material Characterisation
13.10.5 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 Cryostats Market: Competitive Dashboard
14.2 Global Closed Cycle Cryostats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Attocube
14.3.2 Advanced Research Systems(ARS)
14.3.3 CryoVac
14.3.4 Lake Shore Cryotronics
14.3.5 Cryomech
14.3.6 Oxford Instruments
14.3.7 RHK Technology
14.3.8 Montana Instruments
14.3.9 Vacree Technologies
14.3.10 Physike Technology
14.3.11 ColdEdge Technologies
14.3.12 ICEoxford
