Based on end-user, the energy & power sector is the largest end-user for cryogenic equipment among all the industries. Transportation and storage of LNG is the major application of cryogenic equipment in the energy and power sector. The natural gas segment in the energy & power sector has transformed due to technological advancements and made extraction of natural gas economically viable. Moreover, countries such as the U.S. and China are focusing on reducing carbon emissions, which is expected to increase gas-based generation. With this positive outlook, the demand for cryogenic equipment in this sector is likely to grow during the forecast period.
Cryogenic Equipment market size is projected to reach US$ 16800 million by 2025, from US$ 16140 million in 2020, at a CAGR of 3% during 2021-2027.
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The following manufacturers are covered in this report:
- Herose GmbH
- INOX India Ltd.
- Linde Group AG
- Taylor-Wharton International LLC.
- VRV S.P.A
- Wessington Cryogenics Ltd.
Cryogenic Equipment Breakdown Data by Type
- Nitrogen
- Oxygen
- Argon
- LNG
- Other Cryogens
Cryogenic Equipment Breakdown Data by Application
- Energy & Power
- Chemical
- Metallurgy
- Electronics
- Shipping
- Other Industries
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Scope of the Report
The research study analyzes the global Cryogenic Equipment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Cryogenic Equipment Market Report
1. What was the Cryogenic Equipment Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Cryogenic Equipment Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Cryogenic Equipment Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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