Market Overview:
The global cryogenic compressors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cryogenic compressors in various applications such as industrial manufacturing, aviation, pharmaceuticals, and others. Additionally, the growing demand for liquefied natural gas (LNG) is also propelling the growth of the global cryogenic compressors market. The water cooled variants compressor segment is expected to dominate the global cryogenic compressors market during the forecast period owing to its high efficiency and low noise levels as compared to air cooled variants compressors. Moreover, this segment is also projected to grow at a higher CAGR than other segments during 2018-2030 owing to its growing demand from various end-use industries across different regions.
Product Definition:
Cryogenic compressors are used to compress gases such as helium and nitrogen, which are then used in the cooling of various cryogenic equipment. The importance of cryogenic compressors is that they provide a means by which these gases can be cooled to very low temperatures without freezing.
Water Cooled Variants Compressors:
Water-cooled variants compressors are used in the manufacturing of industrial gas turbine engines, nuclear power plants and large scale solar thermal power plants. The growth factor for water-cooled variants is expected to be driven by its increasing demand from end-use industries such as oil & gas, chemical processing and mining.
Air Cooled Variants Compressors:
An air-cooled variants compressor is a type of reciprocating compressors used to decrease the volume of an enclosed system. It works by decreasing the pressure inside a chamber through which air flows. The compressed air then returns to its original state, maintaining the pressure at constant levels. These compressors are used in cryogenic systems as they provide high efficiency and low noise operation at comparatively lower costs when compared with oil cooling variants.
Application Insights:
The industrial manufacturing segment dominated the global cryogenic compressors market in 2017, accounting for over 40% of the overall revenue share. The growth can be attributed to increasing demand from various industries including oil & gas, metalworking, food processing and chemical manufacturing. Cryogenics is widely used in industrial processes such as material testing and process validation for lubricant testing which involves cooling down a sample to determine its properties (temperature range).
Cryogenic equipment is also used extensively across several industries including automotive, aerospace and defense among others where precision machining or heat treatment of parts are carried out. In addition to this application segment being one of the largest users globally; it is also estimated to be one of the fastest growing segments owing to factors such as technological advancements coupled with rising product demand from other end-use applications.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market for global cryogenic compressors, registering a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand from aviation and manufacturing sectors in the region. The presence of large-scale aircraft manufacturers such as Airbus S.A., Boeing Co., and others are also driving the growth in Asia Pacific region.
Growth Factors:
- Increasing demand for cryogenic compressors in the oil and gas industry for exploration and production activities
- Rising demand from the chemical, food, and beverage industries
- Growing popularity of liquefied natural gas (LNG) as a fuel source
- Technological advancements that have led to the development of more efficient cryogenic compressors
- The increasing use of cryogenic compressors in research and development applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Compressors Market Research Report
By Type
Water Cooled Variants Compressors, Air Cooled Variants Compressors
By Application
Industrial Manufacturing, Aviation, Pharmaceutical, Other
By Companies
Cryostar Group, Trillium US, SHI Cryogenics Group, PBS Group, EHL GROUP, KOBE STEEL, Barber-Nichols Inc, SIAD Macchine Impianti, SynSysCo, Noblegen Products, Cryostar Group
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Compressors Market Report Segments:
The global Cryogenic Compressors market is segmented on the basis of:
Types
Water Cooled Variants Compressors, Air Cooled Variants Compressors
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
Industrial Manufacturing, Aviation, Pharmaceutical, Other
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:
- Cryostar Group
- Trillium US
- SHI Cryogenics Group
- PBS Group
- EHL GROUP
- KOBE STEEL
- Barber-Nichols Inc
- SIAD Macchine Impianti
- SynSysCo
- Noblegen Products
- Cryostar Group
Highlights of The Cryogenic Compressors 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:
- Water Cooled Variants Compressors
- Air Cooled Variants Compressors
- By Application:
- Industrial Manufacturing
- Aviation
- Pharmaceutical
- Other
- 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 Cryogenic Compressors 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?
Cryogenic compressors are machines that use liquid nitrogen to cool objects down to very low temperatures. This is done in order to preserve the object or material being cooled, and can be used for a variety of purposes including scientific research, manufacturing, and preservation.
Some of the key players operating in the cryogenic compressors market are Cryostar Group, Trillium US, SHI Cryogenics Group, PBS Group, EHL GROUP, KOBE STEEL, Barber-Nichols Inc, SIAD Macchine Impianti, SynSysCo, Noblegen Products, Cryostar Group.
The cryogenic compressors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Compressors 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 Cryogenic Compressors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Compressors 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 Cryogenic Compressors 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 Cryogenic Compressors Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Compressors Market Size and Y-o-Y Growth
4.5.2 Cryogenic Compressors Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Type
5.2.1 Water Cooled Variants Compressors
5.2.2 Air Cooled Variants Compressors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Applications
6.2.1 Industrial Manufacturing
6.2.2 Aviation
6.2.3 Pharmaceutical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Compressors 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 Cryogenic Compressors 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 Cryogenic Compressors Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Type
9.6.1 Water Cooled Variants Compressors
9.6.2 Air Cooled Variants Compressors
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 Cryogenic Compressors Market Size Forecast by Applications
9.10.1 Industrial Manufacturing
9.10.2 Aviation
9.10.3 Pharmaceutical
9.10.4 Other
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 Cryogenic Compressors Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Type
10.6.1 Water Cooled Variants Compressors
10.6.2 Air Cooled Variants Compressors
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 Cryogenic Compressors Market Size Forecast by Applications
10.10.1 Industrial Manufacturing
10.10.2 Aviation
10.10.3 Pharmaceutical
10.10.4 Other
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 Cryogenic Compressors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Type
11.6.1 Water Cooled Variants Compressors
11.6.2 Air Cooled Variants Compressors
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 Cryogenic Compressors Market Size Forecast by Applications
11.10.1 Industrial Manufacturing
11.10.2 Aviation
11.10.3 Pharmaceutical
11.10.4 Other
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 Cryogenic Compressors Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Compressors 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 Cryogenic Compressors Market Size Forecast by Type
12.6.1 Water Cooled Variants Compressors
12.6.2 Air Cooled Variants Compressors
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 Cryogenic Compressors Market Size Forecast by Applications
12.10.1 Industrial Manufacturing
12.10.2 Aviation
12.10.3 Pharmaceutical
12.10.4 Other
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) Cryogenic Compressors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Compressors 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) Cryogenic Compressors Market Size Forecast by Type
13.6.1 Water Cooled Variants Compressors
13.6.2 Air Cooled Variants Compressors
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) Cryogenic Compressors Market Size Forecast by Applications
13.10.1 Industrial Manufacturing
13.10.2 Aviation
13.10.3 Pharmaceutical
13.10.4 Other
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 Cryogenic Compressors Market: Competitive Dashboard
14.2 Global Cryogenic Compressors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cryostar Group
14.3.2 Trillium US
14.3.3 SHI Cryogenics Group
14.3.4 PBS Group
14.3.5 EHL GROUP
14.3.6 KOBE STEEL
14.3.7 Barber-Nichols Inc
14.3.8 SIAD Macchine Impianti
14.3.9 SynSysCo
14.3.10 Noblegen Products
14.3.11 Cryostar Group
