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.
In 2019, the market size of Cryogenic Equipment is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of 6.0% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 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 studies the global market size of Cryogenic Equipment, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Cryogenic Equipment production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
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.
Market Segment by Product Type
Nitrogen
Oxygen
Argon
LNG
Other Cryogens
Market Segment by Application
Energy & Power
Chemical
Metallurgy
Electronics
Shipping
Other Industries
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Cryogenic Equipment status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Cryogenic Equipment manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Cryogenic Equipment. Industry analysis & Market Report on Cryogenic Equipment is a syndicated market report, published as Global (United States, European Union and China) Cryogenic Equipment Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Cryogenic Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.