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.
The report segments the cryogenic equipment market on the basis of cryogen type into nitrogen, oxygen, argon, LNG, and other cryogens. Although the oil & gas sector is witnessing a downturn, the LNG segment is expected to grow at the fastest pace. LNG demand is increasing across the globe and this demand is attributed to increase in gas-based power plants and shifting of locomotives and marine transport toward LNG for fuel.
The Cryogenic Equipment market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of 6.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cryogenic Equipment.
This report presents the worldwide Cryogenic Equipment market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Air Liquide
Beijing Tianhai Industry Co., Ltd.
Chart Industries Inc.
Cryofab Inc.
Cryoquip LLC.
Emerson
Flowserve Corporation
Graham Partners
Parker Hannifin
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
Cryogenic Equipment Production by Region
United States
Europe
China
Japan
Other Regions
Cryogenic Equipment Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Cryogenic Equipment status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Cryogenic Equipment manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cryogenic Equipment :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cryogenic Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Cryogenic Equipment . Industry analysis & Market Report on Cryogenic Equipment is a syndicated market report, published as Global Cryogenic Equipment Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Cryogenic Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.