Market Overview:
The global liquid nitrogen freezer 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 frozen food and beverages, rising awareness about food safety, and growing demand for medical devices. By type, the tunnel type segment is expected to lead the global liquid nitrogen freezer market during the forecast period. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. By application, the food and beverage segment is expected to lead the global liquid nitrogen freezer market during the forecast period.
Product Definition:
A liquid nitrogen freezer is a device that uses liquid nitrogen to cool items. It is important because it can keep items at a very low temperature, which is important for many scientific and medical applications.
Tunnel Type:
Tunnel type is a low-temperature storage device used to freeze liquid nitrogen. It consists of an insulated tunnel, which is closed at one end and has a tap or valve for filling the other end with the desired liquid. The filled end is then sealed using an appropriate gas tight fitting cap, while the open end faces towards the heat exchanger (if any).
The product finds application in various industries including oil & gas, chemicals & petrochemicals.
Spiral Type:
The spiral type is used in the liquid nitrogen freezer to increase its capacity. It has a simple design and can be manufactured from steel or aluminum. The spiral type has no moving parts, which makes it less vulnerable to mechanical failure and last longer than other types of freezers.
Advantages of using this product include low space requirement, easy handling due to their lightweight feature, and less power consumption as compared to other products such as plate or tray freezers.
Application Insights:
The others application segment includes chemicals, pharmaceuticals and other industries. Other applications of liquid nitrogen include food processing, metalworking, research in laboratories and others. Liquid nitrogen is widely used for cooling equipment in the food & beverage industry as it provides low temperature stability required to preserve foods and beverages. It is also used for freezing dairy products such as butter, cheese and ice cream among other foods that require long-term storage at a frozen state.
Liquid Nitrogen (LN2) is an essential industrial chemical used across various industries including oil & gas, power generation petrochemicals manufacturing etc., owing to its ability to provide extreme coldness necessary for carrying out specific processes or operations within these sectors without the need for any additional external refrigeration facilities or systems.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a key target for various international companies looking to expand their business footprint across the globe. Moreover, Asia Pacific has been witnessing strong economic growth as well as significant developments in several industries including food and beverage, pharmaceuticals, chemicals and others. This scenario is anticipated to provide ample opportunities for industry participants over the next seven years.
North America accounted for more than 20% of total market share in 2017 owing to high demand from end-use industries such as food and beverages along with medicine sector that requires low temperature products at any cost during storage or transportation time frame. Europe also held a considerable market share due to growing demand from several countries including Germany, U.K., France among other Eastern European countries where winter season lasts longer than usual resulting into higher product consumption trends across this region compared others globally (except Asia Pacific).
Growth Factors:
- Increasing demand for food products with longer shelf life: The global liquid nitrogen freezer market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for food products with longer shelf life, as it helps in reducing wastage and improving inventory management.
- Rising popularity of frozen food: Frozen foods are considered as a healthier option as compared to other processed foods available in the market. This is one of the major factors driving the growth of liquid nitrogen freezer market across the globe.
- Technological advancements: The introduction of advanced technologies such as IoT-enabled devices has revolutionized various industrial sectors including that of refrigeration equipment industry, thereby propelling the growth prospects for liquid nitrogen freezer market players worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Nitrogen Freezer Market Research Report
By Type
Tunnel Type, Spiral Type, Others
By Application
Food and Beverage, Medicine, Others
By Companies
Air Products and Chemicals, Inc., Labtron Equipment Ltd, GEA Group, DAI Scientific Equipment, Fc-bios Snd Bhd, BioLife Solutions, Rieger, Cryo Fields, Apex Scientific South Africa, Brady Corporation, Fuqi Environmental Testing Equipment (Shanghai) Co., LTD, Kevijani (Beijing) Technology Co., LTD, Jiangsu Kweimant Freezing Technology Co., LTD, Jiangsu Kelais Freezing Technology Co., LTD
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Nitrogen Freezer Market Report Segments:
The global Liquid Nitrogen Freezer market is segmented on the basis of:
Types
Tunnel Type, Spiral Type, 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
Food and Beverage, Medicine, 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:
- Air Products and Chemicals, Inc.
- Labtron Equipment Ltd
- GEA Group
- DAI Scientific Equipment
- Fc-bios Snd Bhd
- BioLife Solutions
- Rieger
- Cryo Fields
- Apex Scientific South Africa
- Brady Corporation
- Fuqi Environmental Testing Equipment (Shanghai) Co., LTD
- Kevijani (Beijing) Technology Co., LTD
- Jiangsu Kweimant Freezing Technology Co., LTD
- Jiangsu Kelais Freezing Technology Co., LTD
Highlights of The Liquid Nitrogen Freezer 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:
- Tunnel Type
- Spiral Type
- Others
- By Application:
- Food and Beverage
- Medicine
- 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 Liquid Nitrogen Freezer 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
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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 liquid nitrogen freezer is a device used to store food in the form of ice. Liquid nitrogen is a cryogenic fluid that freezes at temperatures below -196 degrees Celsius (-320 degrees Fahrenheit).
Some of the major players in the liquid nitrogen freezer market are Air Products and Chemicals, Inc., Labtron Equipment Ltd, GEA Group, DAI Scientific Equipment, Fc-bios Snd Bhd, BioLife Solutions, Rieger, Cryo Fields, Apex Scientific South Africa, Brady Corporation, Fuqi Environmental Testing Equipment (Shanghai) Co., LTD, Kevijani (Beijing) Technology Co., LTD, Jiangsu Kweimant Freezing Technology Co., LTD, Jiangsu Kelais Freezing Technology Co., LTD.
The liquid nitrogen freezer market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size & Forecast, 2018-2028
4.5.1 Liquid Nitrogen Freezer Market Size and Y-o-Y Growth
4.5.2 Liquid Nitrogen Freezer Market Absolute $ Opportunity
Chapter 5 Global Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Type
5.2.1 Tunnel Type
5.2.2 Spiral Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Medicine
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Analysis and Forecast
9.1 Introduction
9.2 North America Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Type
9.6.1 Tunnel Type
9.6.2 Spiral Type
9.6.3 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 Liquid Nitrogen Freezer Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Medicine
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 Liquid Nitrogen Freezer Analysis and Forecast
10.1 Introduction
10.2 Europe Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Type
10.6.1 Tunnel Type
10.6.2 Spiral Type
10.6.3 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 Liquid Nitrogen Freezer Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Medicine
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 Liquid Nitrogen Freezer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Type
11.6.1 Tunnel Type
11.6.2 Spiral Type
11.6.3 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 Liquid Nitrogen Freezer Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Medicine
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 Liquid Nitrogen Freezer Analysis and Forecast
12.1 Introduction
12.2 Latin America Liquid Nitrogen Freezer 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 Liquid Nitrogen Freezer Market Size Forecast by Type
12.6.1 Tunnel Type
12.6.2 Spiral Type
12.6.3 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 Liquid Nitrogen Freezer Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Medicine
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) Liquid Nitrogen Freezer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Liquid Nitrogen Freezer 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) Liquid Nitrogen Freezer Market Size Forecast by Type
13.6.1 Tunnel Type
13.6.2 Spiral Type
13.6.3 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) Liquid Nitrogen Freezer Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Medicine
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 Liquid Nitrogen Freezer Market: Competitive Dashboard
14.2 Global Liquid Nitrogen Freezer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Products and Chemicals, Inc.
14.3.2 Labtron Equipment Ltd
14.3.3 GEA Group
14.3.4 DAI Scientific Equipment
14.3.5 Fc-bios Snd Bhd
14.3.6 BioLife Solutions
14.3.7 Rieger
14.3.8 Cryo Fields
14.3.9 Apex Scientific South Africa
14.3.10 Brady Corporation
14.3.11 Fuqi Environmental Testing Equipment (Shanghai) Co., LTD
14.3.12 Kevijani (Beijing) Technology Co., LTD
14.3.13 Jiangsu Kweimant Freezing Technology Co., LTD
14.3.14 Jiangsu Kelais Freezing Technology Co., LTD
