Market Overview:
The global cryogenic processing equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cryogenic processing equipment in various applications such as aerospace, manufacturing, mining and petroleum, medical, electronics and others. Additionally, the growing demand for liquefied natural gas (LNG) is also contributing to the growth of this market. However, volatility in prices of raw materials used in cryogenic processing equipment may restrain the growth of this market during the forecast period.
Product Definition:
Cryogenic processing equipment is used to freeze and store food products. The importance of cryogenic processing equipment is that it can prolong the shelf life of food products by slowing down the rate at which they spoil.
Liquid Method:
Liquid method is a type of thermal processing used to obtain liquid products from solid materials. It is majorly used in the food & beverage industry and metal processing industries. The growth factor for this market includes increasing demand for frozen foods, changing lifestyle, growing population and increasing disposable income among consumers across the world especially in emerging economies such as India, China and Brazil among others.
Gas Method:
The gas method is used to measure the flow of gases in liquids or liquid in gaseous states. It is a widely accepted and reliable technique for determining the flow rate. The major advantage of this method over other techniques includes easy installation, no need for additional equipment, and it can be used with any liquid or gas.
Application Insights:
The manufacturing segment dominated the global cryogenic processing equipment market in 2017, accounting for over 40% of the overall revenue. The growth can be attributed to increasing demand for advanced machinery and technology in various industries including aerospace, automotive and industrial. Cryogenic processing is used to lower the temperature of parts & components which are critical or need a safe transport through a liquid nitrogen medium. This process helps maintain component performance by reducing thermal degradation caused due to heat exposure during transportation or storage at elevated temperatures.
Cryogenic equipment is widely used in aerospace industry owing to its ability to reduce weight & increase fuel efficiency as well as reduce carbon emissions significantly when compared with conventional aircraft fuels consumption methodologies using super-critical air compression engines along with hybrid electric aircraft technologies that are currently under development across several companies globally including Hybrid Air Vehicles (HAV), Gen2 Energy, Inc., E-Genicarum Ltd., Siemens PLM Software A/S, etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for cryogenic processing equipment, owing to the presence of a large number of manufacturers and suppliers in this region. The growth can be attributed to increasing demand from end-users such as aerospace, manufacturing, medical and others. Cryogenic processing equipment plays an important role in various industries including aerospace & defense, manufacturing & automotive among others.
The Asia Pacific region is projected to witness significant growth over the forecast period owing to rapid industrialization coupled with growing economies such as China and India among other countries in this region are likely contribute significantly towards industry development over the next eight years or so. In addition cryogenic processing equipment has witnessed high demand from various end users across these regions which has led major players operating within this industry space also based out of these regions have taken initiatives for expansion purposes by opening new facilities especially within Asia Pacific thus contributing significantly towards overall regional market development during same period.
Growth Factors:
- Increasing demand for cryogenic processing equipment from the food and beverage industry as a result of the growing trend of processed and packaged food.
- The increasing demand for cryogenic processing equipment in the medical device industry to improve product quality and increase production efficiency.
- Growing popularity of cryogenic processing among small-scale businesses due to its ability to improve process efficiency while reducing costs.
- Technological advancements that have led to the development of more efficient and compact cryogenic processors, making them more accessible to a wider range of businesses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Processing Equipment Market Research Report
By Type
Liquid Method, Gas Method
By Application
Aerospace, Manufacturing, Mining And Petroleum, Medical, Electronics, Others
By Companies
Beijing FAWIP Cryogenic, Cryogenics International, DMP Cryosystems, Cryogenic Institute Of New England, Controlled Thermal Processing
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Processing Equipment Market Report Segments:
The global Cryogenic Processing Equipment market is segmented on the basis of:
Types
Liquid Method, Gas Method
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
Aerospace, Manufacturing, Mining And Petroleum, Medical, Electronics, 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:
- Beijing FAWIP Cryogenic
- Cryogenics International
- DMP Cryosystems
- Cryogenic Institute Of New England
- Controlled Thermal Processing
Highlights of The Cryogenic Processing Equipment 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:
- Liquid Method
- Gas Method
- By Application:
- Aerospace
- Manufacturing
- Mining And Petroleum
- Medical
- Electronics
- 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 Cryogenic Processing Equipment 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 processing equipment is used to cool objects or materials to extremely low temperatures (-196 degrees Celsius or -320 degrees Fahrenheit). This process can be used to preserve biological specimens, pharmaceuticals, and other sensitive materials.
Some of the major players in the cryogenic processing equipment market are Beijing FAWIP Cryogenic, Cryogenics International, DMP Cryosystems, Cryogenic Institute Of New England, Controlled Thermal Processing.
The cryogenic processing equipment 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 Cryogenic Processing Equipment 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 Processing Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Processing Equipment 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 Processing Equipment 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 Processing Equipment Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Processing Equipment Market Size and Y-o-Y Growth
4.5.2 Cryogenic Processing Equipment Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
5.2.1 Liquid Method
5.2.2 Gas Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Manufacturing
6.2.3 Mining And Petroleum
6.2.4 Medical
6.2.5 Electronics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Processing Equipment 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 Processing Equipment 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 Processing Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
9.6.1 Liquid Method
9.6.2 Gas Method
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 Processing Equipment Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Manufacturing
9.10.3 Mining And Petroleum
9.10.4 Medical
9.10.5 Electronics
9.10.6 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 Cryogenic Processing Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
10.6.1 Liquid Method
10.6.2 Gas Method
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 Processing Equipment Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Manufacturing
10.10.3 Mining And Petroleum
10.10.4 Medical
10.10.5 Electronics
10.10.6 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 Cryogenic Processing Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
11.6.1 Liquid Method
11.6.2 Gas Method
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 Processing Equipment Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Manufacturing
11.10.3 Mining And Petroleum
11.10.4 Medical
11.10.5 Electronics
11.10.6 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 Cryogenic Processing Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
12.6.1 Liquid Method
12.6.2 Gas Method
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 Processing Equipment Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Manufacturing
12.10.3 Mining And Petroleum
12.10.4 Medical
12.10.5 Electronics
12.10.6 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) Cryogenic Processing Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Processing Equipment 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 Processing Equipment Market Size Forecast by Type
13.6.1 Liquid Method
13.6.2 Gas Method
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 Processing Equipment Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Manufacturing
13.10.3 Mining And Petroleum
13.10.4 Medical
13.10.5 Electronics
13.10.6 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 Cryogenic Processing Equipment Market: Competitive Dashboard
14.2 Global Cryogenic Processing Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beijing FAWIP Cryogenic
14.3.2 Cryogenics International
14.3.3 DMP Cryosystems
14.3.4 Cryogenic Institute Of New England
14.3.5 Controlled Thermal Processing
