Cryogenic Equipment Market Size, Share, Trends, Analysis, Report & Forecast to 2022

According to Stratistics MRC, the Global Cryogenic Equipment market is accounted for $15.32 billion in 2015 and is expected to reach $24.98 billion by 2022 growing at a CAGR of 7.23%. Rising adoption of cryogenic gases in end user applications, increasing demand for power and energy are some of the factors fueling the market. However, cryogen leakage is one of the key challenges to the market growth.

Natural Gas segment accounted for the largest share in the market during the forecast period owing to supportive government initiatives. Oxygen gas is expected to register the highest CAGR during the forecast period. The growth is attributed to its applications in end user industries. Asia Pacific accounted for the largest share in the market owing to large investments in energy sector. Moreover, Europe is estimated to register the highest CAGR.

Some of the key players in Cryogenic Equipment market include Graham Partners, Inc, Wessington Cryogenics Ltd., Linde Group AG, Cryoquip LLC., Beijing Tianhai Industry Co., Ltd., VRV S.P.A, Herose GmbH, Cryofab Inc., Taylor-Wharton International LLC., Chart Industries Inc., INOX India Ltd., Flowserve Corporation, Parker Hannifin India Pvt Ltd, Air Liquide S.A.,, Emerson Electric Company and Shell-N-Tube Pvt. Ltd.

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Applications Covered:
• Storage
• Distribution

Product Types Covered:
• Vacuum Jacketed Piping (VJP)
• Vaporizer
• Tank
• Valve
• Pump
• Other Equipment
o Strainer
o Regulator
o Sampler
o Tunnel Freezer
o Pipe
o Dewar

End Users Covered:
• Food & Beverage
• Metallurgical
• Oil & Gas
• Shipping
• Energy & Power
• Chemicals
• Electronics
• Healthcare
• Marine
• Other Industries

Cryogen Types Covered:
• Flammable Gases
• Liquefied Natural Gas
• Nitrogen
• Inert Gases
• Oxygen
• Argon
• Other Cryogens

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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This release was published on openPR.