Cryogenic Equipment - Global Strategic Business Report

The global market for Cryogenic Equipment is estimated at US$14.7 Billion in 2023 and is projected to reach US$23.6 Billion by 2030, growing at a CAGR of 7.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the cryogenic equipment market is driven by several factors. Firstly, the expanding liquefied natural gas (LNG) market is a significant driver, as cryogenic equipment is essential for the storage and transportation of LNG. Secondly, the increasing demand for medical gases, particularly in developing regions, is fueling the need for advanced cryogenic solutions. Thirdly, technological advancements in space exploration and satellite deployment require sophisticated cryogenic systems for propulsion and cooling. Additionally, the rising focus on clean energy and the hydrogen economy is driving investments in cryogenic hydrogen storage and transportation infrastructure. The growth of the food and beverage industry, where cryogenic freezing and chilling are used to preserve the quality and extend the shelf life of products, is also contributing to market expansion. Lastly, regulatory requirements for the safe handling of cryogenic materials are pushing industries to adopt more advanced and compliant equipment. Together, these factors are creating robust demand and fostering innovation in the cryogenic equipment market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Energy & Power End-Use segment, which is expected to reach US$7.7 Billion by 2030 with a CAGR of a 6.7%. The Chemicals End-Use segment is also set to grow at 6.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.8 Billion in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Cryogenic Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cryogenic Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Cryogenic Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Air Liquide SA, Ebara Corporation, Chart Industries, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 92 Featured):

• Air Liquide SA
• Ebara Corporation
• Chart Industries, Inc.
• Barber-Nichols, Inc.
• Custom BioGenic Systems
• Advanced Research Systems, Inc.
• Cryomech, Inc.
• Cryostar SAS
• Beijing Tianhai Industry Co., Ltd.
• Cryofab Inc.
• Brymill Cryogenic Systems
• Cosmodyne, LLC
• CeramTec North America Corp.
• Cryolor SA
• Air Products Inc.