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 […]
Tag Archives: Cryogenic Equipment Market
The Cryogenic Equipment Market size is expected to grow at an annual average of 6% during 2021-2027. Cryogenic equipment refers to devices used to store and transport materials at cryogenic temperatures. It consists of cryogenic storage racks, boxes, refrigerators, pressure vessels, cold traps, water purifiers, plumbing, thermostats, accessories and tanks. Mainly used for cooling, refrigeration, […]
The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. With the significant rise in the demand for medical oxygen for the treatment of COVID-19 patients, a major hike in the demand for cryogenic tanks has been noticed across the globe. To meet the growing demand […]
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