Cryogenic Equipment Market Size, Share, Value and Forecast 2032
Cryogenic Equipment Market By Equipment Type (Tanks, Valves, Vacuum Jacketed Pipes, and Pump and Vaporizer), By Application (Storage and Distribution), By End-User (Chemical, Energy & Power, Food & Beverage, Oil & Gas, and Electronics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 11.24 Billion | USD 19.81 Billion | 6.5% | 2023 |
Table Of Content
- Chapter No. 1 Introduction
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
- 1.1. Report Description
- Chapter No. 2 Executive Summary
- 2.1. Key Findings
- 2.1.1. Top Investment Pockets
- 2.1.1.1. Market Attractiveness Analysis, By Equipment Type
- 2.1.1.2. Market Attractiveness Analysis, By Application
- 2.1.1.3. Market Attractiveness Analysis, By End-User
- 2.1.1.4. Market Attractiveness Analysis, By Region
- 2.1.1. Top Investment Pockets
- 2.2. Market Snapshot
- 2.3. Global Cryogenic Equipment Market, 2016 – 2028 (USD Billion)
- 2.4. Insights from Primary Respondents
- 2.1. Key Findings
- Chapter No. 3 COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
- 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- Chapter No. 4 Cryogenic Equipment Market – Equipment Type Segment Analysis
- 4.1. Overview
- 4.1.1. Market Revenue Share, By Equipment Type, 2020 & 2028
- 4.2. Tanks
- 4.2.1. Market End-User and Forecast, By Region (USD Billion)
- 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Valves
- 4.3.1. Market End-User and Forecast, By Region (USD Billion)
- 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Vacuum Jacketed Pipes
- 4.4.1. Market End-User and Forecast, By Region (USD Billion)
- 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Pump & Vaporizer
- 4.5.1. Market End-User and Forecast, By Region (USD Billion)
- 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.1. Overview
- Chapter No. 5 Cryogenic Equipment Market – Application Segment Analysis
- 5.1. Overview
- 5.1.1. Market Revenue Share, By Application, 2020 & 2028
- 5.2. Storage
- 5.2.1. Market End-User and Forecast, By Region (USD Billion)
- 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 5.2.3. Key Market Trends, Growth Factors, & Opportunities
- 5.3. Distribution
- 5.3.1. Market End-User and Forecast, By Region (USD Billion)
- 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 5.3.3. Key Market Trends, Growth Factors, & Opportunities
- 5.5.3. Key Market Trends, Growth Factors, & Opportunities
- 5.1. Overview
- Chapter No. 6 Cryogenic Equipment Market – End-User Segment Analysis
- 6.1. Overview
- 6.1.1. Market Revenue Share, By End-User, 2020 & 2028
- 6.2. Chemical
- 6.2.1. Market End-User and Forecast, By Region (USD Billion)
- 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.2.3. Key Market Trends, Growth Factors, & Opportunities
- 6.3. Energy & Power
- 6.3.1. Market End-User and Forecast, By Region (USD Billion)
- 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.3.3. Key Market Trends, Growth Factors, & Opportunities
- 6.4. Food & Beverage
- 6.4.1. Market End-User and Forecast, By Region (USD Billion)
- 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.4.3. Key Market Trends, Growth Factors, & Opportunities
- 6.5. Oil & Gas
- 6.5.1. Market End-User and Forecast, By Region (USD Billion)
- 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.5.3. Key Market Trends, Growth Factors, & Opportunities
- 6.6. Electronic
- 6.6.1. Market End-User and Forecast, By Region (USD Billion)
- 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 6.6.3. Key Market Trends, Growth Factors, & Opportunities
- 6.1. Overview
- Chapter No. 7 Cryogenic Equipment Market – Regional Analysis
- 7.1. Overview
- 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
- 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
- 7.2. North America
- 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 7.2.2. North America Market Revenue, By Equipment Type, 2016 – 2028
- 7.2.3. North America Market Revenue, By Application, 2016 – 2028
- 7.2.4. North America Market Revenue, By End-User, 2016 – 2028
- 7.2.5. U.S.
- 7.2.5.1. U.S. Market Revenue, By Equipment Type, 2016 – 2028
- 7.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
- 7.2.5.3. U.S. Market Revenue, By End-User, 2016 – 2028
- 7.2.6. Canada
- 7.2.6.1. Canada Market Revenue, By Equipment Type, 2016 – 2028
- 7.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
- 7.2.6.3. Canada Market Revenue, By End-User, 2016 – 2028
- 7.2.7. Mexico
- 7.2.7.1. Mexico Market Revenue, By Equipment Type, 2016 – 2028
- 7.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
- 7.2.7.3. Mexico Market Revenue, By End-User, 2016 – 2028
- 7.3. Europe
- 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 7.3.2. Europe Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.3. Europe Market Revenue, By Application, 2016 – 2028
- 7.3.4. Europe Market Revenue, By End-User, 2016 – 2028
- 7.3.5. Germany
- 7.3.5.1. Germany Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
- 7.3.5.3. Germany Market Revenue, By End-User, 2016 – 2028
- 7.3.6. France
- 7.3.6.1. France Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.6.2. France Market Revenue, By Application, 2016 – 2028
- 7.3.6.3. France Market Revenue, By End-User, 2016 – 2028
- 7.3.7. U.K.
- 7.3.7.1. U.K. Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
- 7.3.7.3. U.K. Market Revenue, By End-User, 2016 – 2028
- 7.3.8. Italy
- 7.3.8.1. Italy Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
- 7.3.8.3. Italy Market Revenue, By End-User, 2016 – 2028
- 7.3.9. Spain
- 7.3.9.1. Spain Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
- 7.3.9.3. Spain Market Revenue, By End-User, 2016 – 2028
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Market Revenue, By Equipment Type, 2016 – 2028
- 7.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
- 7.3.10.3. Rest of Europe Market Revenue, By End-User, 2016 – 2028
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 7.4.2. Asia Pacific Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
- 7.4.4. Asia Pacific Market Revenue, By End-User, 2016 – 2028
- 7.4.5. China
- 7.4.5.1. China Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.5.2. China Market Revenue, By Application, 2016 – 2028
- 7.4.5.3. China Market Revenue, By End-User, 2016 – 2028
- 7.4.6. Japan
- 7.4.6.1. Japan Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
- 7.4.6.3. Japan Market Revenue, By End-User, 2016 – 2028
- 7.4.7. India
- 7.4.7.1. India Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.7.2. India Market Revenue, By Application, 2016 – 2028
- 7.4.7.3. India Market Revenue, By End-User, 2016 – 2028
- 7.4.8. South Korea
- 7.4.8.1. South Korea Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
- 7.4.8.3. South Korea Market Revenue, By End-User, 2016 – 2028
- 7.4.9. South-East Asia
- 7.4.9.1. South-East Asia Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
- 7.4.9.3. South-East Asia Market Revenue, By End-User, 2016 – 2028
- 7.4.10. Rest of Asia Pacific
- 7.4.10.1. Rest of Asia Pacific Market Revenue, By Equipment Type, 2016 – 2028
- 7.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
- 7.4.10.3. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
- 7.5. Latin America
- 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 7.5.2. Latin America Market Revenue, By Equipment Type, 2016 – 2028
- 7.5.3. Latin America Market Revenue, By Application, 2016 – 2028
- 7.5.4. Latin America Market Revenue, By End-User, 2016 – 2028
- 7.5.5. Brazil
- 7.5.5.1. Brazil Market Revenue, By Equipment Type, 2016 – 2028
- 7.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
- 7.5.5.3. Brazil Market Revenue, By End-User, 2016 – 2028
- 7.5.6. Argentina
- 7.5.6.1. Argentina Market Revenue, By Equipment Type, 2016 – 2028
- 7.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
- 7.5.6.3. Argentina Market Revenue, By End-User, 2016 – 2028
- 7.5.7. Rest of Latin America
- 7.5.7.1. Rest of Latin America Market Revenue, By Equipment Type, 2016 – 2028
- 7.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
- 7.5.7.3. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
- 7.6. The Middle-East and Africa
- 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 7.6.2. The Middle-East and Africa Market Revenue, By Equipment Type, 2016 – 2028
- 7.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
- 7.6.4. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
- 7.6.5. GCC Countries
- 7.6.5.1. GCC Countries Market Revenue, By Equipment Type, 2016 – 2028
- 7.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
- 7.6.5.3. GCC Countries Market Revenue, By End-User, 2016 – 2028
- 7.6.6. South Africa
- 7.6.6.1. South Africa Market Revenue, By Equipment Type, 2016 – 2028
- 7.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
- 7.6.6.3. South Africa Market Revenue, By End-User, 2016 – 2028
- 7.6.7. Rest of Middle-East Africa
- 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Equipment Type, 2016 – 2028
- 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
- 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
- 7.1. Overview
- Chapter No. 8 Cryogenic Equipment Market – Industry Analysis
- 8.1. Introduction
- 8.2. Market Drivers
- 8.2.1. Driving Factor 1 Analysis
- 8.2.2. Driving Factor 2 Analysis
- 8.3. Market Restraints
- 8.3.1. Restraining Factor Analysis
- 8.4. Market Opportunities
- 8.4.1. Market Opportunity Analysis
- 8.5. Porter’s Five Forces Analysis
- 8.6. PEST Analysis
- 8.7. Regulatory Landscape
- 8.8. Equipment Type Landscape
- 8.9. Regional Market Trends
- 8.9.1. North America
- 8.9.2. Europe
- 8.9.3. Asia Pacific
- 8.9.4. Latin America
- 8.9.5. The Middle-East and Africa
- 8.10. Pricing Analysis
- 8.11. Value Chain Analysis
- 8.12. Downstream Buyers
- 8.13. Distributors/Traders List
- Chapter No. 9 Competitive Landscape
- 9.1. Company Market Share Analysis – 2019
- 9.1.1. Global Cryogenic Equipment Market: Company Market Share, 2019
- 9.1.2. Global Cryogenic Equipment Market, Company Market Revenue, 2016 – 2019 (USD Billion)
- 9.1.3. Global Cryogenic Equipment Market, Company Y-o-Y Growth, 2017 – 2019 (%)
- 9.1.4. Global Cryogenic Equipment Market: Radar Determinant Chart, 2019
- 9.2. Strategic Developments
- 9.2.1. Acquisitions & Mergers
- 9.2.2. New Product Launch
- 9.2.3. Regional Expansion
- 9.3. Company Strategic Developments – Heat Map Analysis
- 9.1. Company Market Share Analysis – 2019
- Chapter No. 10 Company Profiles
- 10.1. Praxair Inc.
- 10.1.1. Company Overview
- 10.1.2. Key Executives
- 10.1.3. Product Portfolio
- 10.1.4. Financial Overview
- 10.1.5. Operating Business Segments
- 10.1.6. Business Performance
- 10.1.7. Recent Developments
- 10.2. FIBA TECHNOLOGIES INC.
- 10.3. INOX India Pvt. Ltd.
- 10.4. Linde Group AG
- 10.5. Flowserve Corporation
- 10.6. Air Liquide SA
- 10.7. Oxford Instruments Plc.
- 10.8. Herose GmbH
- 10.9. Cryoquip Llc
- 10.10. Wessington Cryogenics
- 10.11. VRV S.p.A.
- 10.12. Chart Industries, Inc.
- 10.1. Praxair Inc.
- Chapter No. 11 Marketing Strategy Analysis
- 11.1. Marketing Channel
- 11.2. Direct Marketing
- 11.3. Indirect Marketing
- 11.4. Marketing Channel Development Trends
- 11.5. Economic/Pulitical Application Change
- Chapter No. 12 Research Methodology
- 12.1. Research Methodology
- 12.2. Phase I - Secondary Research
- 12.3. Phase II - Data Modeling
- 12.3.1. Company Share Analysis Model
- 12.3.2. Revenue Based Modeling
- 12.4. Phase III - Primary Research
- 12.5. Research Limitations
- 12.5.1. Assumptions
Table Of Figures
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Equipment Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Cryogenic Equipment Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Equipment Type, 2020 & 2028
FIG NO. 8. Global Cryogenic Equipment Market for Tanks, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Cryogenic Equipment Market for Tanks, By Country, 2020 & 2028
FIG NO. 10. Global Cryogenic Equipment Market for Valves, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Cryogenic Equipment Market for Valves, By Country, 2020 & 2028
FIG NO. 12. Global Cryogenic Equipment Market for Vacuum Jacketed Pipe, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Cryogenic Equipment Market for Vacuum Jacketed Pipe, By Country, 2020 & 2028
FIG NO. 14. Global Cryogenic Equipment Market for Pump & Vaporizer, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Cryogenic Equipment Market for Pump & Vaporizer, By Country, 2020 & 2028
FIG NO. 16. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 17. Global Cryogenic Equipment Market for Storage, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Cryogenic Equipment Market for Storage, By Country, 2020 & 2028
FIG NO. 19. Global Cryogenic Equipment Market for Distribution, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Cryogenic Equipment Market for Distribution, By Country, 2020 & 2028
FIG NO. 21. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 22. Global Cryogenic Equipment Market for Chemical, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Cryogenic Equipment Market for Chemical, By Country, 2020 & 2028
FIG NO. 24. Global Cryogenic Equipment Market for Energy & Power, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Cryogenic Equipment Market for Energy & Power, By Country, 2020 & 2028
FIG NO. 26. Global Cryogenic Equipment Market for Food & Beverage, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Cryogenic Equipment Market for Food & Beverage, By Country, 2020 & 2028
FIG NO. 28. Global Cryogenic Equipment Market for Oil & Gas, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Cryogenic Equipment Market for Oil & Gas, By Country, 2020 & 2028
FIG NO. 30. Global Cryogenic Equipment Market for Electronics, Revenue (USD Billion) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Cryogenic Equipment Market for Electronics, By Country, 2020 & 2028
FIG NO. 32. Global Cryogenic Equipment Market Revenue Share, By Region, 2020 & 2028
FIG NO. 33. North America Cryogenic Equipment Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 34. Porter’s Five Forces Analysis for Global Cryogenic Equipment Market
FIG NO. 35. PEST Analysis for Global Cryogenic Equipment Market
FIG NO. 36. Pricing Analysis for Global Cryogenic Equipment Market
FIG NO. 37. Value Chain Analysis for Global Cryogenic Equipment Market
FIG NO. 38. Company Share Analysis, 2019
FIG NO. 39. Radar Determinant Chart, 2019
FIG NO. 40. Company Strategic Developments – Heat Map Analysis
FIG NO. 41. Praxair Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 42. Praxair Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 43. Market Channels
FIG NO. 44. Marketing Channel Development Trend
FIG NO. 45. Growth in World Gross Product, 2008-2018
FIG NO. 46. Research Methodology – Detailed View
FIG NO. 47. Research Methodology
Table Of Tables
List of Tables
TABLE NO. 1. Global Cryogenic Equipment Market: Snapshot
TABLE NO. 2. Quarterly Cryogenic Equipment Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Cryogenic Equipment Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Cryogenic Equipment Market for Tanks, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Cryogenic Equipment Market for Valves, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Cryogenic Equipment Market for Vacuum Jacketed Pipe, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Cryogenic Equipment Market for Pump & Vaporizer, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Cryogenic Equipment Market for Storage, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11.: Global Cryogenic Equipment Market for Distribution, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Cryogenic Equipment Market for Chemical, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Cryogenic Equipment Market for Energy & Power, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Cryogenic Equipment Market for Food & Beverage, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Cryogenic Equipment Market for Oil & Gas, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Cryogenic Equipment Market for Electronics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. G6obal Cryogenic Equipment Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Cryogenic Equipment Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Cryogenic Equipment Market Revenue, By Equipment Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Cryogenic Equipment Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. North America Cryogenic Equipment Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Cryogenic Equipment Market Revenue, By Equipment Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Cryogenic Equipment Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. U.S. Cryogenic Equipment Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Cryogenic Equipment Market Revenue, By Equipment Type, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Cryogenic Equipment Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 27. Canada Cryogenic Equipment Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Cryogenic Equipment Market Revenue, By Equipment Type, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Cryogenic Equipment Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 30. Mexico Cryogenic Equipment Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 31. Drivers for the Cryogenic Equipment Market: Impact Analysis
TABLE NO. 32. Restraints for the Cryogenic Equipment Market: Impact Analysis
TABLE NO. 33. Major Buyers of Cryogenic Equipment
TABLE NO. 34. Distributors/Traders List of Cryogenic Equipment
TABLE NO. 35. Global Cryogenic Equipment Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 36. Global Cryogenic Equipment Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
Methodology
FrequentlyAsked Questions
According to a report from Zion Market Research, the global Cryogenic Equipment Market was valued at USD 11.24 Billion in 2023 and is projected to hit USD 19.81 Billion by 2032.
According to a report from Zion Market Research, the global Cryogenic Equipment Market a compound annual growth rate (CAGR) of 6.5% during the forecast period 2024-2032.
Major driving factors for the growth of cryogenic equipment market are raising LNG demand, improving healthcare services in the growing economies and the development of high temperature superconductor power cables. The global cryogenic equipment market offers new growth opportunities, due to increasing trade of natural gases and rise in cryogenic energy storage systems.
Asia Pacific dominated the market of cryogenic equipment in 2020 and accounted significant share of the market. In Asia Pacific, increasing investments in the energy sector and significant growth in other end-user industries are the factors attributed for the growth of the cryogenic equipment market in this region. The major factor for the growth of cryogenic equipment market is the presence of leading steel production in countries such as China, Japan, India and South Korea. Europe countries have strict regulation governing the use of inland LNG-fueled ships. Also certain countries such as Russia also plan to develop LNG powered locomotives.
The major players operating in the Cryogenic Equipment market are Praxair Inc., FIBA TECHNOLOGIES INC., INOX India Pvt. Ltd., Linde Group AG, Flowserve Corporation, Air Liquide SA, Oxford Instruments Plc., Herose GmbH, Cryoquip Llc, and Wessington Cryogenics, among others.
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