Cryocooler Market with COVID-19 Impact and Analysis by Type (GM, PT, JT, Stirling, Brayton), Offering (Hardware, Services), Heat Exchanger (Recuperative, Regenerative) Operating Cycle (Open,Closed loop), Application, and Geography - Global Forecast to 2025
The cryocooler market is estimated to be worth USD 2.3 billion in 2020 and is projected to reach USD 3.1 billion by 2025, at a CAGR of 6.0%. The cryocooler market has a promising growth potential owing to several factors such as surging adoption of cryocoolers in MRI, NMR equipment, and proton therapy in healthcare sector, high rate of depletion of helium, growing demand for liquefied natural gas and increasing adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems.
The cryocooler market is at a promising stage and is expected to see a strong growth during the forecast period. High technology applications such as semiconductors, hard disk drives, flat panel displays, lighting, solar cells, and thermal and general vacuum coating systems typically use cryopumps or cryocoolers as a part of their critical processes. The growing adoption of cryocoolers in the semiconductor industry and superconducting magnets is expected to increase their demand in the coming years.
The market for space application is estimated to grow at highest CAGR during the forecast period
The market for the space application is expected to grow at the highest CAGR from 2020 to 2025. Growing space exploration projects in developed parts of the world are likely to increase the deployment of cryocoolers in these projects at a rapid pace. Further, the rising focus of developing countries including China and India on space missions is further expected to boost the demand for cryocoolers from the space vertical.
The market for GM type of cryocoolers is estimated to account for the largest share between 2020 and 2025
The cryocooler market for hardware is expected to flourish at the significant growth rate and estimated to hold the dominant position during the forecast period. The GM type cryocoolers are used in wide application use cases including military applications for cooling down the IR sensors used in missiles and satellite monitoring. In addition, they are used for superconductivity applications in magnetic levitation trains, MRI systems, and semiconductor fabrication units.
The market for closed-loop cycle type is estimated to grow at highest CAGR from 2020 to 2025
The cryocooler market for the closed-loop cycle type is expected to grow at the highest CAGR during the forecast period. This is majorly due to their broader application areas, which include IR detectors/ sensors, thermal cameras, magnetic resonance imaging (MRI), surgical probes, night vision systems, superconducting devices, and commercial refrigerators. Recent technological advancements have led to the development of high-temperature infrared detectors with a cooling range between 150 and 200 K. Closed-cycle systems such as JT cryocoolers are being used in a wide range of applications in night vision systems due to the absence of mechanical parts, miniature size, and rapid cooling capacity.
Cryocooler market in the APAC region is expected to witness a robust growth during 2020-2025
The market in APAC is expected to grow at the highest CAGR during the forecast period. This market growth in APAC can be attributed to the increasing adoption of various cryocoolers such as GM, PT, JT, Stirling, and Brayton for producing very low temperatures required in various applications across sectors such as medical, space, commercial, environmental, transport, and energy.
The breakup of primaries conducted during the study is depicted below:
Research Coverage
The report segments the cryocooler market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia Pacific, and RoW), Offering (Hardware, and Services), Heat Exchanger Type (Recuperative Heat Exchangers and Regenerative Heat Exchangers), Operating Cycle (Open-loop cycle and closed-loop cycle), Type (GIFFORD-MCMAHON, Pulse-Tube, Stirling, JOULE-THOMSON, and BRAYTON) Application (Military, Medical, Commercial, Environmental, Energy, Research and Development, Transport, Agriculture & Biology, Space, Mining and Metal, and Others)
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the cryocooler market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
The cryocooler market is at a promising stage and is expected to see a strong growth during the forecast period. High technology applications such as semiconductors, hard disk drives, flat panel displays, lighting, solar cells, and thermal and general vacuum coating systems typically use cryopumps or cryocoolers as a part of their critical processes. The growing adoption of cryocoolers in the semiconductor industry and superconducting magnets is expected to increase their demand in the coming years.
The market for space application is estimated to grow at highest CAGR during the forecast period
The market for the space application is expected to grow at the highest CAGR from 2020 to 2025. Growing space exploration projects in developed parts of the world are likely to increase the deployment of cryocoolers in these projects at a rapid pace. Further, the rising focus of developing countries including China and India on space missions is further expected to boost the demand for cryocoolers from the space vertical.
The market for GM type of cryocoolers is estimated to account for the largest share between 2020 and 2025
The cryocooler market for hardware is expected to flourish at the significant growth rate and estimated to hold the dominant position during the forecast period. The GM type cryocoolers are used in wide application use cases including military applications for cooling down the IR sensors used in missiles and satellite monitoring. In addition, they are used for superconductivity applications in magnetic levitation trains, MRI systems, and semiconductor fabrication units.
The market for closed-loop cycle type is estimated to grow at highest CAGR from 2020 to 2025
The cryocooler market for the closed-loop cycle type is expected to grow at the highest CAGR during the forecast period. This is majorly due to their broader application areas, which include IR detectors/ sensors, thermal cameras, magnetic resonance imaging (MRI), surgical probes, night vision systems, superconducting devices, and commercial refrigerators. Recent technological advancements have led to the development of high-temperature infrared detectors with a cooling range between 150 and 200 K. Closed-cycle systems such as JT cryocoolers are being used in a wide range of applications in night vision systems due to the absence of mechanical parts, miniature size, and rapid cooling capacity.
Cryocooler market in the APAC region is expected to witness a robust growth during 2020-2025
The market in APAC is expected to grow at the highest CAGR during the forecast period. This market growth in APAC can be attributed to the increasing adoption of various cryocoolers such as GM, PT, JT, Stirling, and Brayton for producing very low temperatures required in various applications across sectors such as medical, space, commercial, environmental, transport, and energy.
The breakup of primaries conducted during the study is depicted below:
- By Company Type: Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 –25%
- By Designation: C-Level Executives – 75%, and Managers – 25%
- By Region: Americas– 40%, Europe – 30%, APAC – 20%, and RoW – 10%
Research Coverage
The report segments the cryocooler market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia Pacific, and RoW), Offering (Hardware, and Services), Heat Exchanger Type (Recuperative Heat Exchangers and Regenerative Heat Exchangers), Operating Cycle (Open-loop cycle and closed-loop cycle), Type (GIFFORD-MCMAHON, Pulse-Tube, Stirling, JOULE-THOMSON, and BRAYTON) Application (Military, Medical, Commercial, Environmental, Energy, Research and Development, Transport, Agriculture & Biology, Space, Mining and Metal, and Others)
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the cryocooler market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
- This report includes the market statistics pertaining to offering, heat exchanger type, operating cycle, cryocooler type, application and region
- An in-depth value chain analysis has been done to provide deep insight into the cryocooler market.
- Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
- The report includes an in-depth analysis and market share of key players.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 CRYOCOOLER MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis
(demand side)
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
FOR CRYOCOOLER MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR CRYOCOOLER MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
3.1 POST-COVID-19: REALISTIC SCENARIO
3.2 POST-COVID-19: OPTIMISTIC SCENARIO
3.3 POST-COVID-19: PESSIMISTIC SCENARIO
FIGURE 7 PRE- AND POST-COVID-19 SCENARIO ANALYSIS: CRYOCOOLER MARKET, 2016–2025 (USD MILLION)
FIGURE 8 MILITARY APPLICATION TO HOLD LARGEST SIZE OF CRYOCOOLER
MARKET IN 2025
FIGURE 9 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET IN 2025
FIGURE 10 CRYOCOOLER MARKET FOR PRODUCT REPAIRS & REFURBISHMENT SERVICES TO GROW AT HIGHEST RATE FROM 2020 TO 2025
FIGURE 11 SOUTH AMERICA FOLLOWED BY APAC TO WITNESS HIGHEST GROWTH OF CRYOCOOLER MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR CRYOCOOLER MARKET
FIGURE 12 INCREASING ADOPTION OF CRYOCOOLERS FOR VARIOUS APPLICATIONS TO DRIVE GROWTH OF MARKET DURING FORECAST PERIOD
4.2 CRYOCOOLER MARKET IN APAC, BY APPLICATION AND COUNTRY
FIGURE 13 JAPAN AND MILITARY TO BE LARGEST SHAREHOLDERS OF CRYOCOOLER MARKET IN APAC IN 2019
4.3 CRYOCOOLER MARKET, BY TYPE (2020–2025)
FIGURE 14 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SHARE OF CRYOCOOLER MARKET FROM 2020 T0 2025
4.4 CRYOCOOLER MARKET, BY SERVICE (2020–2025)
FIGURE 15 PREVENTIVE MAINTENANCE SERVICES TO HOLD LARGEST SHARE OF CRYOCOOLER MARKET FROM 2020 T0 2025
4.5 CRYOCOOLER MARKET, BY REGION
FIGURE 16 AMERICAS TO ACCOUNT FOR LARGEST MARKET SHARE FOR CRYOCOOLER DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET EVOLUTION
FIGURE 17 EVOLUTION OF CRYOCOOLER MARKET
5.3 MARKET DYNAMICS
FIGURE 18 MARKET DYNAMICS: OVERVIEW
5.3.1 DRIVERS
5.3.1.1 High rate of depletion of helium
FIGURE 19 GRADE-A HELIUM PRICE (USD)
5.3.1.2 Surging adoption of cryocoolers in MRI, NMR equipment, and
proton therapy in healthcare sector
FIGURE 20 HEALTHCARE EXPENDITURE AS PERCENTAGE OF GDP IN 2019
5.3.1.3 Growing demand for liquefied natural gas
TABLE 1 NOMINAL LIQUEFACTION CAPACITY (MTPA), 2009–2021
5.3.1.4 Increasing adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems
FIGURE 21 IMPACT ANALYSIS: DRIVERS
5.3.2 RESTRAINTS
5.3.2.1 High input power consumption of cryocoolers
FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
5.3.3 OPPORTUNITIES
5.3.3.1 Rising need for cryogenic refrigeration for space applications
TABLE 2 ADVANTAGES AND DISADVANTAGES OF DIFFERENT COOLER TECHNOLOGIES
5.3.3.2 Growing demand for cryocoolers with enhanced capabilities and
low cost for microsatellite and military applications
FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES
5.3.4 CHALLENGES
5.3.4.1 Performance constraints of cryocoolers
5.3.4.2 Leakage of cryogen gases
FIGURE 24 IMPACT ANALYSIS: CHALLENGES
5.3.5 WINNING IMPERATIVE
5.3.5.1 Reduction in cost of cryocoolers
5.4 CRYOCOOLER MARKET ECOSYSTEM
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 25 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING MANUFACTURING AND ASSEMBLY PHASES
6.3 STRATEGIC BENCHMARKING
6.3.1 TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT
FIGURE 26 STRATEGIC BENCHMARKING: KEY PLAYERS LARGELY ADOPT
ORGANIC GROWTH STRATEGIES FOR NEW PRODUCTS AND
TECHNOLOGY DEVELOPMENT
6.4 PRICING ANALYSIS
FIGURE 27 AVERAGE COST FOR PER WATT OF COOLING POWER
(STIRLING AND G-M CRYOCOOLERS), 2016–2025
FIGURE 28 AVERAGE MAINTENANCE COST FOR PER WATT OF COOLING POWER (STIRLING AND G-M CRYOCOOLERS), 2016–2025
6.5 TECHNOLOGY ANALYSIS
6.5.1 DEVELOPMENT OF HIGH-FIELD STRENGTH CRYOCOOLERS FOR
MRI APPLICATION
6.5.2 ADVANCEMENTS IN THERMOACOUSTIC LIQUEFACTION
6.5.3 INCREASING FOCUS ON LOW-VIBRATION CRYOCOOLERS
6.6 PATENT ANALYSIS
6.6.1 MAJOR PATENTS BY SUMITOMO
6.6.2 MAJOR PATENTS BY SUNPOWER, INC
6.6.3 MAJOR PATENTS BY CHART INDUSTRIES
6.7 CASE STUDIES
6.7.1 CHART INDUSTRY: WTP CASE STUDY
6.7.2 CHILLZILLA CASE STUDY
7 MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 29 MARKET FOR SERVICES TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD
TABLE 3 CRYOCOOLER MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 4 CRYOCOOLER MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 5 CRYOCOOLER MARKET, BY HARDWARE, 2016–2019 (USD MILLION)
FIGURE 30 COMPRESSORS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET
FOR HARDWARE IN 2025
TABLE 6 CRYOCOOLER MARKET, BY HARDWARE, 2020–2025 (USD MILLION)
7.2 HARDWARE
7.2.1 COMPRESSORS
7.2.1.1 Surging demand for compact cryocooler compressors with
high power density
7.2.2 COLD HEADS
7.2.2.1 Rising popularity of 4 K J-M and P-T cryocoolers to propel
demand for cold heads
7.2.3 HEAT DISSIPATION PIPES
7.2.3.1 Heat dissipation pipes to witness relatively higher growth owing to increasing demand from retrofitting installations
7.2.4 POWER CONDITIONING UNITS
7.2.4.1 Power conditioning units are most vital components in cryocooler systems for optimum function of other components
7.2.5 OTHERS
7.3 SERVICES
7.3.1 TECHNICAL SUPPORT SERVICES
7.3.1.1 Integration services and product support services for customers at their facilities to account for market growth
7.3.2 PRODUCT REPAIRS & REFURBISHMENT SERVICES
7.3.2.1 Increasing installation of cryocoolers in medical, space, and
military applications to spur growth of product repairs & refurbishment services
7.3.3 PREVENTIVE MAINTENANCE SERVICES
7.3.3.1 Preventive maintenance services expected to witness substantial demand owing to prevention of downtime and equipment failure
7.3.4 CUSTOMER TRAINING SERVICES
7.3.4.1 Rising interest among customers toward online training modules to fuel market growth
TABLE 7 CRYOCOOLER MARKET, BY SERVICE, 2016–2019 (USD MILLION)
FIGURE 31 CRYOCOOLER MARKET FOR PRODUCT REPAIRS & REFURBISHMENT SERVICES TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 8 CRYOCOOLER MARKET, BY SERVICE TYPE, 2020–2025(USD MILLION)
8 MARKET, BY HEAT EXCHANGER TYPE
8.1 INTRODUCTION
FIGURE 32 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE
TABLE 9 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE, 2016–2019 (USD MILLION)
FIGURE 33 REGENERATIVE HEAT EXCHANGERS TO LEAD CRYOCOOLER MARKET
FROM 2020 TO 2025
TABLE 10 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE, 2020–2025 (USD MILLION)
8.2 RECUPERATIVE HEAT EXCHANGERS
8.2.1 RECUPERATIVE HEAT EXCHANGERS TO WITNESS HIGHER ADOPTION IN JOULE THOMSON AND BRAYTON CRYOCOOLERS
TABLE 11 MARKET FOR RECUPERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 12 MARKET FOR RECUPERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
8.3 REGENERATIVE HEAT EXCHANGERS
8.3.1 REGENERATIVE HEAT EXCHANGERS EXPECTED TO WITNESS ACCELERATED DEMAND FOR PULSE-TUBE AND STIRLING CRYOCOOLERS
TABLE 13 MARKET FOR REGENERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 34 MARKET FOR REGENERATIVE HEAT EXCHANGERS FOR STIRLING CRYOCOOLERS TO GROW AT HIGHEST RATE BETWEEN 2020 AND 2025
TABLE 14 MARKET FOR REGENERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
9 MARKET, BY OPERATING CYCLE
9.1 INTRODUCTION
TABLE 15 CRYOCOOLER MARKET, OPERATING CYCLE TYPE, 2016–2019 (USD MILLION)
FIGURE 35 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET TO WITNESS ROBUST GROWTH DURING FORECAST PERIOD
TABLE 16 CRYOCOOLER MARKET, BY OPERATING CYCLE TYPE, 2020–2025 (USD MILLION)
9.2 OPEN-LOOP-CYCLE CRYOCOOLERS
9.2.1 OPEN-LOOP-CYCLE CRYOCOOLERS ARE RELATIVELY CHEAPER THAN CLOSED-LOOP CRYOCOOLERS
TABLE 17 OPEN-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 18 OPEN-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
9.3 CLOSED-LOOP-CYCLE CRYOCOOLERS
9.3.1 SURGING DEMAND FOR CLOSED-LOOP-CYCLE CRYOCOOLERS IN
MRI, NIGHT VISION SYSTEMS, AND SUPERCONDUCTING DEVICES TO PROPEL MARKET GROWTH
TABLE 19 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
FIGURE 36 APAC TO WITNESS HIGHEST GROWTH OF CLOSED-CYCLE CRYOCOOLER MARKET DURING FORECAST PERIOD
TABLE 20 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
10 MARKET, BY TYPE
10.1 INTRODUCTION
FIGURE 37 CRYOCOOLER MARKET, BY TYPE
TABLE 21 CRYOCOOLER MARKET, BY TYPE, 2016–2019 (USD MILLION)
FIGURE 38 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET IN 2025
TABLE 22 CRYOCOOLER MARKET, BY TYPE, 2020–2025 (USD MILLION)
10.2 GIFFORD-MCMAHON CRYOCOOLERS
10.2.1 GIFFORD-MCMAHON CRYOCOOLERS ARE WIDELY BEING USED IN
MAGNETIC RESONANCE IMAGING EQUIPMENT FOR COOLING DOWN RADIATION SHIELDS
TABLE 23 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 39 AMERICAS EXPECTED TO HOLD LARGEST SIZE OF MARKET FOR
GIFFORD-MCMAHON CRYOCOOLERS IN 2025
TABLE 24 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 25 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 26 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.3 PULSE-TUBE CRYOCOOLERS
10.3.1 PULSE-TUBE CRYOCOOLERS OFFER VARIOUS ADVANTAGES INCLUDING
LESS VIBRATION, HIGHER RELIABILITY, AND LOWER COST OVER
OTHER CRYOCOOLERS
TABLE 27 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 40 AMERICAS TO HOLD LARGEST SIZE OF MARKET FOR PULSE-TUBE CRYOCOOLERS FROM 2020 TO 2025
TABLE 28 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 29 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 30 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.4 STIRLING CRYOCOOLERS
10.4.1 STIRLING CRYOCOOLERS TO WITNESS INCREASED DEMAND FOR COOLING DOWN INFRARED DETECTORS IN MILITARY NIGHT VISION EQUIPMENT
TABLE 31 LEGACY PROGRAMS WHEREIN STIRLING CRYOCOOLERS WERE USED
TABLE 32 MARKET FOR STIRLING CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 41 MARKET FOR STIRLING CRYOCOOLERS IN APAC TO GROW AT
HIGHEST RATE FROM 2020 TO 2025
TABLE 33 MARKET FOR STIRLING CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 34 MARKET FOR STIRLING CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 35 MARKET FOR STIRLING CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.5 JOULE-THOMSON CRYOCOOLERS
10.5.1 LONGER LIFE CYCLE OF JOULE-THOMSON CRYOCOOLERS IS MAJOR FACTOR FOR THEIR HIGHER ADOPTION
TABLE 36 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 42 AMERICAS TO HOLD LARGEST SIZE OF MARKET FOR JOULE THOMSON CRYOCOOLERS IN 20225
TABLE 37 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 38 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 39 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.6 BRAYTON CRYOCOOLERS
10.6.1 LOW VIBRATION OF BRAYTON CRYOCOOLERS MAKES THEM
SUITABLE FOR USE IN SENSITIVE TELESCOPES
TABLE 40 MARKET FOR BRAYTON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 43 MARKET FOR BRAYTON CRYOCOOLERS IN APAC TO GROW AT HIGHEST
CAGR FROM 2020 TO 2025
TABLE 41 MARKET FOR BRAYTON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 42 MARKET FOR BRAYTON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 43 MARKET FOR BRAYTON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
11 MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 44 CRYOCOOLER MARKET, BY APPLICATION
FIGURE 45 MILITARY APPLICATION TO HOLD LARGEST SIZE OF CRYOCOOLER
MARKET IN 2025
TABLE 44 CRYOCOOLER MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 45 CRYOCOOLER MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
11.2 MILITARY
11.2.1 IR SENSORS FOR MISSILE GUIDANCE
11.2.2 IR SENSORS FOR SATELLITE-BASED SURVEILLANCE
TABLE 46 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 47 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 48 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 46 STIRLING CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR MILITARY APPLICATIONS IN 2025
TABLE 49 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 50 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 51 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.3 MEDICAL
TABLE 52 CRYOCOOLER MARKET FOR MEDICAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 53 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 54 CRYOCOOLER INSTALLED BASE FOR MEDICAL APPLICATION, BY REGION, 2016–2019 (UNITS SHIPMENT)
TABLE 55 CRYOCOOLER INSTALLED BASE FOR MEDICAL APPLICATION, BY REGION, 2020–2025 (UNITS SHIPMENT)
11.3.1 MRI SYSTEMS
11.3.1.1 Surging investments in advanced medical imaging techniques to spur growth of cryocooler market
11.3.2 LIQUEFACTION OF OXYGEN FOR STORAGE
11.3.2.1 Liquefaction of oxygen for storage to witness substantial growth owing to increasing attention on biological storage of human tissues, bone marrows, and stem cells
11.3.3 CRYOSURGERY AND PROTON THERAPY
11.3.3.1 Rising cases of deadly cancer disease worldwide to
accelerate demand for cryosurgery and proton therapy applications in cryocooler market
TABLE 56 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 57 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 58 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 47 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS IN APAC TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 59 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.4 COMMERCIAL
11.4.1 SEMICONDUCTOR FABRICATION
11.4.1.1 Rising popularity of micro-sized cryocoolers in semiconductor fabrication industry owing to low costs of large-scale
fabrication processes
11.4.2 HIGH-TEMPERATURE SUPERCONDUCTORS FOR CELLPHONE BASE STATIONS
11.4.2.1 Demand for cryocoolers is expected to rise significantly for high-temperature superconductors in wireless cellphone base stations
11.4.3 IR SENSORS FOR NDE AND PROCESS MONITORING
11.4.3.1 Increasing demand for cooling down IR sensors used in Infrared thermography to offer significant opportunity for small-sized cryocoolers manufactures
TABLE 60 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 61 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 62 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 63 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 64 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 48 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS IN APAC TO
GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 65 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.5 ENVIRONMENTAL
11.5.1 IR SENSORS FOR ATMOSPHERIC STUDIES ON OZONE HOLE AND GREENHOUSE EFFECT
11.5.2 IR SENSORS FOR POLLUTION MONITORING
TABLE 66 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 67 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 68 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 49 MARKET FOR STIRLING CRYOCOOLERS FOR ENVIRONMENTAL APPLICATIONS TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 69 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 70 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 71 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.6 ENERGY
11.6.1 IR SENSORS FOR THERMAL LOSS MEASUREMENTS
11.6.2 SUPERCONDUCTING MAGNETIC ENERGY STORAGE FOR PEAK SHAVING
TABLE 72 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 73 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 74 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 75 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 76 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 50 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
ENERGY APPLICATIONS IN 2025
TABLE 77 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.7 TRANSPORT
11.7.1 SUPERCONDUCTING MAGNETS IN MAGLEV TRAINS
11.7.2 LNG FOR FLEET VEHICLES
TABLE 78 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 79 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, 2020–2025 (USD MILLION)
TABLE 80 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 81 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 82 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 51 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS IN 2025
TABLE 83 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.8 RESEARCH AND DEVELOPMENT
11.8.1 NUCLEAR MAGNETIC RESONANCE
11.8.1.1 Increasing attention of governments toward clean sources of energy to drive market for nuclear magnetic resonance application
11.8.2 ELECTRON PARAMAGNETIC RESONANCE
11.8.2.1 Electron paramagnetic resonance application to witness
higher growth owing to its wide use in biological and chemical research applications
TABLE 84 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 85 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 86 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 52 GM CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS FROM 2020 TO 2025
TABLE 87 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 88 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 89 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.9 SPACE
11.9.1 SPACE ASTRONOMY
11.9.1.1 Brayton cryocoolers to witness higher adoption in space
astronomy applications
11.9.2 PLANETARY SCIENCE
11.9.2.1 Use of mini cryocoolers to reduce IR light contamination
in telescopes
TABLE 90 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 91 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 92 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 53 MARKET FOR BRAYTON CRYOCOOLERS FOR SPACE APPLICATIONS TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 93 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 94 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 95 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.10 AGRICULTURE & BIOLOGY
11.10.1 STORAGE OF BIOLOGICAL CELLS AND SPECIMENS
TABLE 96 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 97 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 98 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 54 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS IN APAC TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 99 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.11 MINING AND METAL
11.11.1 TEMPERING
11.11.1.1 Cryocoolers are widely used in prevention of corrosion and
wear resistance
11.11.2 SHRINK FITTING
11.11.2.1 Need for maintaining cryogenic temperature in shrink fitting and
cold shrinking applications
TABLE 100 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 101 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 102 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 103 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 104 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 55 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
MINING & METAL APPLICATIONS IN 2025
TABLE 105 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.12 OTHERS
TABLE 106 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 107 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 108 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 109 CRYOCOOLER MARKET FOR OTHERS APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 110 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 56 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
OTHER APPLICATIONS IN 2025
TABLE 111 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.13 IMPACT OF COVID-19 ON APPLICATION SEGMENT
11.13.1 IMPACT OF COVID-19 ON MEDICAL APPLICATION SEGMENT
FIGURE 57 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
MEDICAL APPLICATION SEGMENT
11.13.2 IMPACT OF COVID 19 ON MILITARY APPLICATION SEGMENT
FIGURE 58 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
MILITARY APPLICATION SEGMENT
11.13.3 IMPACT OF COVID 19 ON SPACE APPLICATION SEGMENT
FIGURE 59 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
SPACE APPLICATION SEGMENT
12 REGIONAL ANALYSIS
12.1 INTRODUCTION
FIGURE 60 GEOGRAPHIC ANALYSIS OF CRYOCOOLER MARKET
TABLE 112 CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 113 CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
12.2 AMERICAS
FIGURE 61 SNAPSHOT OF CRYOCOOLER MARKET IN AMERICAS
12.2.1 IMPACT OF COVID-19
FIGURE 62 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
CRYOCOOLER MARKET IN AMERICAS
TABLE 114 CRYOCOOLER MARKET IN AMERICAS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 115 CRYOCOOLER MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 116 CRYOCOOLER MARKET IN AMERICAS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 117 CRYOCOOLER MARKET IN AMERICAS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 118 CRYOCOOLER MARKET IN AMERICAS, BY REGION, 2016–2019 (USD MILLION)
TABLE 119 CRYOCOOLER MARKET IN AMERICAS, BY REGION, 2020–2025 (USD MILLION)
12.2.2 NORTH AMERICA
TABLE 120 CRYOCOOLER MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 121 CRYOCOOLER MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 122 CRYOCOOLER MARKET IN NORTH AMERICA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 123 CRYOCOOLER MARKET IN NORTH AMERICA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 124 CRYOCOOLER MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 125 CRYOCOOLER MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
12.2.2.1 US
12.2.2.1.1 Well-established military industry and high expenditure on healthcare equipment to drive market growth
TABLE 126 CRYOCOOLER MARKET IN US, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 127 CRYOCOOLER MARKET IN US, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
12.2.2.2 Canada
12.2.2.2.1 Growing medical and healthcare expenditure to
spur demand for cryocoolers
TABLE 128 CRYOCOOLER MARKET IN CANADA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 129 CRYOCOOLER MARKET IN CANADA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
12.2.2.3 Mexico
12.2.2.3.1 Increasing exports of semiconductors to
drive cryocooler market
12.2.3 SOUTH AMERICA
TABLE 130 CRYOCOOLER MARKET IN SOUTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 131 CRYOCOOLER MARKET IN SOUTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 132 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 133 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 134 CRYOCOOLER MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 135 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
12.2.3.1 Brazil
12.2.3.1.1 Cryocooler market in Brazil is dominated by imports of medical devices
12.2.3.2 Argentina
12.2.3.2.1 Cryocooler services segment to provide substantial opportunity for players in this market
12.2.3.3 Rest of South America
12.3 EUROPE
FIGURE 63 SNAPSHOT OF CRYOCOOLER MARKET IN EUROPE
12.3.1 IMPACT OF COVID-19
FIGURE 64 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
CRYOCOOLER MARKET IN EUROPE
TABLE 136 CRYOCOOLER MARKET IN EUROPE, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 137 CRYOCOOLER MARKET IN EUROPE, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 138 CRYOCOOLER MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 139 CRYOCOOLER MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 140 CRYOCOOLER MARKET IN EUROPE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
TABLE 141 CRYOCOOLER MARKET IN EUROPE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 Manufacturing, industrial electronics, and medical electronics segments to be driven by cryocooler demand in Germany
12.3.3 UK
12.3.3.1 UK is second-largest market for cryocoolers in Europe due to presence of large number of medical device manufacturers
12.3.4 FRANCE
12.3.4.1 Market in France is expected to grow at highest CAGR in Europe during forecast period
12.3.5 RUSSIA
12.3.5.1 Strong base for military & defense, and space programs to create additional demand for cryocoolers by 2025
12.3.6 REST OF EUROPE
12.4 APAC
FIGURE 65 SNAPSHOT OF CRYOCOOLER MARKET IN APAC
12.4.1 IMPACT OF COVID-19
FIGURE 66 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
APAC CRYOCOOLER MARKET
TABLE 142 CRYOCOOLER MARKET IN APAC, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 143 CRYOCOOLER MARKET IN APAC, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 144 CRYOCOOLER MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 145 CRYOCOOLER MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 146 CRYOCOOLER MARKET IN APAC, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
TABLE 147 CRYOCOOLER MARKET IN APAC, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Well established infrastructure and rising government expenditure in medical, military, and research and development sectors to boost growth of cryocooler market in Japan
12.4.3 CHINA
12.4.3.1 China is second-largest cryocooler market in APAC owing to increasing investments in various end-user segments
12.4.4 SOUTH KOREA
12.4.4.1 Cryocooler market in South Korea is driven by growth from electronics and semiconductor manufacturing companies
12.4.5 INDIA
12.4.5.1 Prominent growth in medical equipment market to spur demand for cryocoolers in India
12.4.6 REST OF APAC
12.5 ROW
12.5.1 IMPACT OF COVID-19
TABLE 148 CRYOCOOLER MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 149 CRYOCOOLER MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 150 CRYOCOOLER MARKET IN ROW, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 151 CRYOCOOLER MARKET IN ROW, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 152 CRYOCOOLER MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
TABLE 153 CRYOCOOLER MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
12.5.2 MIDDLE EAST
12.5.2.1 Huge oil & gas reserves and petrochemical industries to
drive cryocooler demand
12.5.3 AFRICA
12.5.3.1 Emerging region for telecommunication industry and increasing manufacturing facilities
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
FIGURE 67 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES
FROM 2017 TO 2020
13.2 COMPETITIVE LEADERSHIP MAPPING
13.2.1 STAR
13.2.2 PERVASIVE
13.2.3 EMERGING LEADERS
13.2.4 PARTICIPANTS
FIGURE 68 CRYOCOOLER MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
13.3 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN CRYOCOOLER MARKET, 2019
TABLE 154 MARKET SHARE OF TOP 5 PLAYERS IN CRYOCOOLER MARKET IN 2019
13.4 MARKET EVALUATION FRAMEWORK
FIGURE 69 PRODUCT LAUNCHES FUELLED GROWTH AND INNOVATION FROM
2017 TO 2020 IN CRYOCOOLER MARKET
13.5 RECENT DEVELOPMENTS
TABLE 155 NEW PRODUCT LAUNCHES, 2017–2020
TABLE 156 CONTRACTS, AGREEMENTS, & PARTNERSHIPS, 2019–2020
TABLE 157 MERGERS & ACQUISITIONS, 2017–2020
14 COMPANY PROFILES
14.1 INTRODUCTION
14.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
14.2.1 SUMITOMO HEAVY INDUSTRIES LIMITED
FIGURE 70 SUMITOMO HEAVY INDUSTRIES LIMITED: COMPANY SNAPSHOT
14.2.2 CHART INDUSTRIES, INC.
FIGURE 71 CHART INDUSTRIES, INC.: COMPANY SNAPSHOT
14.2.3 SUNPOWER, INC. (AMETEK, INC.)
14.2.4 CRYOMECH, INC.
14.2.5 NORTHROP GRUMMAN CORPORATION
FIGURE 72 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
14.2.6 ADVANCED RESEARCH SYSTEMS, INC.
14.2.7 JANIS RESEARCH COMPANY, LLC
14.2.8 RICOR – CRYOGENIC & VACUUM SYSTEMS
14.2.9 SUPERCONDUCTOR TECHNOLOGIES, INC. (ALLIED INTEGRAL UNITED, INC.)
FIGURE 73 SUPERCONDUCTOR TECHNOLOGIES, INC.: COMPANY SNAPSHOT
14.2.10 AIR LIQUIDE SA
FIGURE 74 AIR LIQUIDE SA: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14.3 OTHER IMPORTANT PLAYERS
14.3.1 OXFORD CRYOSYSTEMS
14.3.2 CREARE LLC
14.3.3 LIHAN CRYOGENIC TECHNOLOGY CO., LTD
14.3.4 TRISTAN TECHNOLOGIES, INC.S
14.3.5 VACREE TECHNOLOGIES CO., LTD.
14.3.6 HONEYWELL INTERNATIONAL INC.
14.3.7 BRIGHT INSTRUMENTS
14.3.8 ACME CRYOGENICS
14.3.9 THALES CRYOGENICS BV
14.3.10 FABRUM SOLUTIONS LIMITED
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 CRYOCOOLER MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis
(demand side)
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
FOR CRYOCOOLER MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR CRYOCOOLER MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
3.1 POST-COVID-19: REALISTIC SCENARIO
3.2 POST-COVID-19: OPTIMISTIC SCENARIO
3.3 POST-COVID-19: PESSIMISTIC SCENARIO
FIGURE 7 PRE- AND POST-COVID-19 SCENARIO ANALYSIS: CRYOCOOLER MARKET, 2016–2025 (USD MILLION)
FIGURE 8 MILITARY APPLICATION TO HOLD LARGEST SIZE OF CRYOCOOLER
MARKET IN 2025
FIGURE 9 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET IN 2025
FIGURE 10 CRYOCOOLER MARKET FOR PRODUCT REPAIRS & REFURBISHMENT SERVICES TO GROW AT HIGHEST RATE FROM 2020 TO 2025
FIGURE 11 SOUTH AMERICA FOLLOWED BY APAC TO WITNESS HIGHEST GROWTH OF CRYOCOOLER MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR CRYOCOOLER MARKET
FIGURE 12 INCREASING ADOPTION OF CRYOCOOLERS FOR VARIOUS APPLICATIONS TO DRIVE GROWTH OF MARKET DURING FORECAST PERIOD
4.2 CRYOCOOLER MARKET IN APAC, BY APPLICATION AND COUNTRY
FIGURE 13 JAPAN AND MILITARY TO BE LARGEST SHAREHOLDERS OF CRYOCOOLER MARKET IN APAC IN 2019
4.3 CRYOCOOLER MARKET, BY TYPE (2020–2025)
FIGURE 14 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SHARE OF CRYOCOOLER MARKET FROM 2020 T0 2025
4.4 CRYOCOOLER MARKET, BY SERVICE (2020–2025)
FIGURE 15 PREVENTIVE MAINTENANCE SERVICES TO HOLD LARGEST SHARE OF CRYOCOOLER MARKET FROM 2020 T0 2025
4.5 CRYOCOOLER MARKET, BY REGION
FIGURE 16 AMERICAS TO ACCOUNT FOR LARGEST MARKET SHARE FOR CRYOCOOLER DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET EVOLUTION
FIGURE 17 EVOLUTION OF CRYOCOOLER MARKET
5.3 MARKET DYNAMICS
FIGURE 18 MARKET DYNAMICS: OVERVIEW
5.3.1 DRIVERS
5.3.1.1 High rate of depletion of helium
FIGURE 19 GRADE-A HELIUM PRICE (USD)
5.3.1.2 Surging adoption of cryocoolers in MRI, NMR equipment, and
proton therapy in healthcare sector
FIGURE 20 HEALTHCARE EXPENDITURE AS PERCENTAGE OF GDP IN 2019
5.3.1.3 Growing demand for liquefied natural gas
TABLE 1 NOMINAL LIQUEFACTION CAPACITY (MTPA), 2009–2021
5.3.1.4 Increasing adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems
FIGURE 21 IMPACT ANALYSIS: DRIVERS
5.3.2 RESTRAINTS
5.3.2.1 High input power consumption of cryocoolers
FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
5.3.3 OPPORTUNITIES
5.3.3.1 Rising need for cryogenic refrigeration for space applications
TABLE 2 ADVANTAGES AND DISADVANTAGES OF DIFFERENT COOLER TECHNOLOGIES
5.3.3.2 Growing demand for cryocoolers with enhanced capabilities and
low cost for microsatellite and military applications
FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES
5.3.4 CHALLENGES
5.3.4.1 Performance constraints of cryocoolers
5.3.4.2 Leakage of cryogen gases
FIGURE 24 IMPACT ANALYSIS: CHALLENGES
5.3.5 WINNING IMPERATIVE
5.3.5.1 Reduction in cost of cryocoolers
5.4 CRYOCOOLER MARKET ECOSYSTEM
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 25 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING MANUFACTURING AND ASSEMBLY PHASES
6.3 STRATEGIC BENCHMARKING
6.3.1 TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT
FIGURE 26 STRATEGIC BENCHMARKING: KEY PLAYERS LARGELY ADOPT
ORGANIC GROWTH STRATEGIES FOR NEW PRODUCTS AND
TECHNOLOGY DEVELOPMENT
6.4 PRICING ANALYSIS
FIGURE 27 AVERAGE COST FOR PER WATT OF COOLING POWER
(STIRLING AND G-M CRYOCOOLERS), 2016–2025
FIGURE 28 AVERAGE MAINTENANCE COST FOR PER WATT OF COOLING POWER (STIRLING AND G-M CRYOCOOLERS), 2016–2025
6.5 TECHNOLOGY ANALYSIS
6.5.1 DEVELOPMENT OF HIGH-FIELD STRENGTH CRYOCOOLERS FOR
MRI APPLICATION
6.5.2 ADVANCEMENTS IN THERMOACOUSTIC LIQUEFACTION
6.5.3 INCREASING FOCUS ON LOW-VIBRATION CRYOCOOLERS
6.6 PATENT ANALYSIS
6.6.1 MAJOR PATENTS BY SUMITOMO
6.6.2 MAJOR PATENTS BY SUNPOWER, INC
6.6.3 MAJOR PATENTS BY CHART INDUSTRIES
6.7 CASE STUDIES
6.7.1 CHART INDUSTRY: WTP CASE STUDY
6.7.2 CHILLZILLA CASE STUDY
7 MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 29 MARKET FOR SERVICES TO GROW AT HIGHER CAGR
DURING FORECAST PERIOD
TABLE 3 CRYOCOOLER MARKET, BY OFFERING, 2016–2019 (USD MILLION)
TABLE 4 CRYOCOOLER MARKET, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 5 CRYOCOOLER MARKET, BY HARDWARE, 2016–2019 (USD MILLION)
FIGURE 30 COMPRESSORS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET
FOR HARDWARE IN 2025
TABLE 6 CRYOCOOLER MARKET, BY HARDWARE, 2020–2025 (USD MILLION)
7.2 HARDWARE
7.2.1 COMPRESSORS
7.2.1.1 Surging demand for compact cryocooler compressors with
high power density
7.2.2 COLD HEADS
7.2.2.1 Rising popularity of 4 K J-M and P-T cryocoolers to propel
demand for cold heads
7.2.3 HEAT DISSIPATION PIPES
7.2.3.1 Heat dissipation pipes to witness relatively higher growth owing to increasing demand from retrofitting installations
7.2.4 POWER CONDITIONING UNITS
7.2.4.1 Power conditioning units are most vital components in cryocooler systems for optimum function of other components
7.2.5 OTHERS
7.3 SERVICES
7.3.1 TECHNICAL SUPPORT SERVICES
7.3.1.1 Integration services and product support services for customers at their facilities to account for market growth
7.3.2 PRODUCT REPAIRS & REFURBISHMENT SERVICES
7.3.2.1 Increasing installation of cryocoolers in medical, space, and
military applications to spur growth of product repairs & refurbishment services
7.3.3 PREVENTIVE MAINTENANCE SERVICES
7.3.3.1 Preventive maintenance services expected to witness substantial demand owing to prevention of downtime and equipment failure
7.3.4 CUSTOMER TRAINING SERVICES
7.3.4.1 Rising interest among customers toward online training modules to fuel market growth
TABLE 7 CRYOCOOLER MARKET, BY SERVICE, 2016–2019 (USD MILLION)
FIGURE 31 CRYOCOOLER MARKET FOR PRODUCT REPAIRS & REFURBISHMENT SERVICES TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 8 CRYOCOOLER MARKET, BY SERVICE TYPE, 2020–2025(USD MILLION)
8 MARKET, BY HEAT EXCHANGER TYPE
8.1 INTRODUCTION
FIGURE 32 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE
TABLE 9 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE, 2016–2019 (USD MILLION)
FIGURE 33 REGENERATIVE HEAT EXCHANGERS TO LEAD CRYOCOOLER MARKET
FROM 2020 TO 2025
TABLE 10 CRYOCOOLER MARKET, BY HEAT EXCHANGER TYPE, 2020–2025 (USD MILLION)
8.2 RECUPERATIVE HEAT EXCHANGERS
8.2.1 RECUPERATIVE HEAT EXCHANGERS TO WITNESS HIGHER ADOPTION IN JOULE THOMSON AND BRAYTON CRYOCOOLERS
TABLE 11 MARKET FOR RECUPERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 12 MARKET FOR RECUPERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
8.3 REGENERATIVE HEAT EXCHANGERS
8.3.1 REGENERATIVE HEAT EXCHANGERS EXPECTED TO WITNESS ACCELERATED DEMAND FOR PULSE-TUBE AND STIRLING CRYOCOOLERS
TABLE 13 MARKET FOR REGENERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 34 MARKET FOR REGENERATIVE HEAT EXCHANGERS FOR STIRLING CRYOCOOLERS TO GROW AT HIGHEST RATE BETWEEN 2020 AND 2025
TABLE 14 MARKET FOR REGENERATIVE HEAT EXCHANGERS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
9 MARKET, BY OPERATING CYCLE
9.1 INTRODUCTION
TABLE 15 CRYOCOOLER MARKET, OPERATING CYCLE TYPE, 2016–2019 (USD MILLION)
FIGURE 35 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET TO WITNESS ROBUST GROWTH DURING FORECAST PERIOD
TABLE 16 CRYOCOOLER MARKET, BY OPERATING CYCLE TYPE, 2020–2025 (USD MILLION)
9.2 OPEN-LOOP-CYCLE CRYOCOOLERS
9.2.1 OPEN-LOOP-CYCLE CRYOCOOLERS ARE RELATIVELY CHEAPER THAN CLOSED-LOOP CRYOCOOLERS
TABLE 17 OPEN-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 18 OPEN-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
9.3 CLOSED-LOOP-CYCLE CRYOCOOLERS
9.3.1 SURGING DEMAND FOR CLOSED-LOOP-CYCLE CRYOCOOLERS IN
MRI, NIGHT VISION SYSTEMS, AND SUPERCONDUCTING DEVICES TO PROPEL MARKET GROWTH
TABLE 19 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
FIGURE 36 APAC TO WITNESS HIGHEST GROWTH OF CLOSED-CYCLE CRYOCOOLER MARKET DURING FORECAST PERIOD
TABLE 20 CLOSED-LOOP-CYCLE CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
10 MARKET, BY TYPE
10.1 INTRODUCTION
FIGURE 37 CRYOCOOLER MARKET, BY TYPE
TABLE 21 CRYOCOOLER MARKET, BY TYPE, 2016–2019 (USD MILLION)
FIGURE 38 GIFFORD-MCMAHON CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET IN 2025
TABLE 22 CRYOCOOLER MARKET, BY TYPE, 2020–2025 (USD MILLION)
10.2 GIFFORD-MCMAHON CRYOCOOLERS
10.2.1 GIFFORD-MCMAHON CRYOCOOLERS ARE WIDELY BEING USED IN
MAGNETIC RESONANCE IMAGING EQUIPMENT FOR COOLING DOWN RADIATION SHIELDS
TABLE 23 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 39 AMERICAS EXPECTED TO HOLD LARGEST SIZE OF MARKET FOR
GIFFORD-MCMAHON CRYOCOOLERS IN 2025
TABLE 24 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 25 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 26 MARKET FOR GIFFORD-MCMAHON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.3 PULSE-TUBE CRYOCOOLERS
10.3.1 PULSE-TUBE CRYOCOOLERS OFFER VARIOUS ADVANTAGES INCLUDING
LESS VIBRATION, HIGHER RELIABILITY, AND LOWER COST OVER
OTHER CRYOCOOLERS
TABLE 27 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 40 AMERICAS TO HOLD LARGEST SIZE OF MARKET FOR PULSE-TUBE CRYOCOOLERS FROM 2020 TO 2025
TABLE 28 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 29 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 30 MARKET FOR PULSE-TUBE CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.4 STIRLING CRYOCOOLERS
10.4.1 STIRLING CRYOCOOLERS TO WITNESS INCREASED DEMAND FOR COOLING DOWN INFRARED DETECTORS IN MILITARY NIGHT VISION EQUIPMENT
TABLE 31 LEGACY PROGRAMS WHEREIN STIRLING CRYOCOOLERS WERE USED
TABLE 32 MARKET FOR STIRLING CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 41 MARKET FOR STIRLING CRYOCOOLERS IN APAC TO GROW AT
HIGHEST RATE FROM 2020 TO 2025
TABLE 33 MARKET FOR STIRLING CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 34 MARKET FOR STIRLING CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 35 MARKET FOR STIRLING CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.5 JOULE-THOMSON CRYOCOOLERS
10.5.1 LONGER LIFE CYCLE OF JOULE-THOMSON CRYOCOOLERS IS MAJOR FACTOR FOR THEIR HIGHER ADOPTION
TABLE 36 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 42 AMERICAS TO HOLD LARGEST SIZE OF MARKET FOR JOULE THOMSON CRYOCOOLERS IN 20225
TABLE 37 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 38 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 39 MARKET FOR JOULE THOMSON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
10.6 BRAYTON CRYOCOOLERS
10.6.1 LOW VIBRATION OF BRAYTON CRYOCOOLERS MAKES THEM
SUITABLE FOR USE IN SENSITIVE TELESCOPES
TABLE 40 MARKET FOR BRAYTON CRYOCOOLERS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 43 MARKET FOR BRAYTON CRYOCOOLERS IN APAC TO GROW AT HIGHEST
CAGR FROM 2020 TO 2025
TABLE 41 MARKET FOR BRAYTON CRYOCOOLERS, BY REGION, 2020–2025 (USD MILLION)
TABLE 42 MARKET FOR BRAYTON CRYOCOOLERS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 43 MARKET FOR BRAYTON CRYOCOOLERS, BY APPLICATION, 2020–2025 (USD MILLION)
11 MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 44 CRYOCOOLER MARKET, BY APPLICATION
FIGURE 45 MILITARY APPLICATION TO HOLD LARGEST SIZE OF CRYOCOOLER
MARKET IN 2025
TABLE 44 CRYOCOOLER MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 45 CRYOCOOLER MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
11.2 MILITARY
11.2.1 IR SENSORS FOR MISSILE GUIDANCE
11.2.2 IR SENSORS FOR SATELLITE-BASED SURVEILLANCE
TABLE 46 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 47 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 48 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 46 STIRLING CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR MILITARY APPLICATIONS IN 2025
TABLE 49 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 50 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 51 CRYOCOOLER MARKET FOR MILITARY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.3 MEDICAL
TABLE 52 CRYOCOOLER MARKET FOR MEDICAL APPLICATION, BY TYPE, 2016–2019 (USD MILLION)
TABLE 53 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 54 CRYOCOOLER INSTALLED BASE FOR MEDICAL APPLICATION, BY REGION, 2016–2019 (UNITS SHIPMENT)
TABLE 55 CRYOCOOLER INSTALLED BASE FOR MEDICAL APPLICATION, BY REGION, 2020–2025 (UNITS SHIPMENT)
11.3.1 MRI SYSTEMS
11.3.1.1 Surging investments in advanced medical imaging techniques to spur growth of cryocooler market
11.3.2 LIQUEFACTION OF OXYGEN FOR STORAGE
11.3.2.1 Liquefaction of oxygen for storage to witness substantial growth owing to increasing attention on biological storage of human tissues, bone marrows, and stem cells
11.3.3 CRYOSURGERY AND PROTON THERAPY
11.3.3.1 Rising cases of deadly cancer disease worldwide to
accelerate demand for cryosurgery and proton therapy applications in cryocooler market
TABLE 56 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 57 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 58 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 47 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS IN APAC TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 59 CRYOCOOLER MARKET FOR MEDICAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.4 COMMERCIAL
11.4.1 SEMICONDUCTOR FABRICATION
11.4.1.1 Rising popularity of micro-sized cryocoolers in semiconductor fabrication industry owing to low costs of large-scale
fabrication processes
11.4.2 HIGH-TEMPERATURE SUPERCONDUCTORS FOR CELLPHONE BASE STATIONS
11.4.2.1 Demand for cryocoolers is expected to rise significantly for high-temperature superconductors in wireless cellphone base stations
11.4.3 IR SENSORS FOR NDE AND PROCESS MONITORING
11.4.3.1 Increasing demand for cooling down IR sensors used in Infrared thermography to offer significant opportunity for small-sized cryocoolers manufactures
TABLE 60 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 61 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 62 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 63 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 64 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 48 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS IN APAC TO
GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 65 CRYOCOOLER MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.5 ENVIRONMENTAL
11.5.1 IR SENSORS FOR ATMOSPHERIC STUDIES ON OZONE HOLE AND GREENHOUSE EFFECT
11.5.2 IR SENSORS FOR POLLUTION MONITORING
TABLE 66 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 67 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 68 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 49 MARKET FOR STIRLING CRYOCOOLERS FOR ENVIRONMENTAL APPLICATIONS TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 69 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 70 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 71 CRYOCOOLER MARKET FOR ENVIRONMENTAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.6 ENERGY
11.6.1 IR SENSORS FOR THERMAL LOSS MEASUREMENTS
11.6.2 SUPERCONDUCTING MAGNETIC ENERGY STORAGE FOR PEAK SHAVING
TABLE 72 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 73 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 74 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 75 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 76 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 50 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
ENERGY APPLICATIONS IN 2025
TABLE 77 CRYOCOOLER MARKET FOR ENERGY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.7 TRANSPORT
11.7.1 SUPERCONDUCTING MAGNETS IN MAGLEV TRAINS
11.7.2 LNG FOR FLEET VEHICLES
TABLE 78 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 79 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, 2020–2025 (USD MILLION)
TABLE 80 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 81 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 82 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 51 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS IN 2025
TABLE 83 CRYOCOOLER MARKET FOR TRANSPORT APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.8 RESEARCH AND DEVELOPMENT
11.8.1 NUCLEAR MAGNETIC RESONANCE
11.8.1.1 Increasing attention of governments toward clean sources of energy to drive market for nuclear magnetic resonance application
11.8.2 ELECTRON PARAMAGNETIC RESONANCE
11.8.2.1 Electron paramagnetic resonance application to witness
higher growth owing to its wide use in biological and chemical research applications
TABLE 84 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 85 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 86 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 52 GM CRYOCOOLERS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS FROM 2020 TO 2025
TABLE 87 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 88 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 89 CRYOCOOLER MARKET FOR RESEARCH AND DEVELOPMENT APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.9 SPACE
11.9.1 SPACE ASTRONOMY
11.9.1.1 Brayton cryocoolers to witness higher adoption in space
astronomy applications
11.9.2 PLANETARY SCIENCE
11.9.2.1 Use of mini cryocoolers to reduce IR light contamination
in telescopes
TABLE 90 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 91 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 92 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
FIGURE 53 MARKET FOR BRAYTON CRYOCOOLERS FOR SPACE APPLICATIONS TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 93 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 94 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
TABLE 95 CRYOCOOLER MARKET FOR SPACE APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.10 AGRICULTURE & BIOLOGY
11.10.1 STORAGE OF BIOLOGICAL CELLS AND SPECIMENS
TABLE 96 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 97 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 98 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 54 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS IN APAC TO GROW AT HIGHEST RATE FROM 2020 TO 2025
TABLE 99 CRYOCOOLER MARKET FOR AGRICULTURE & BIOLOGY APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.11 MINING AND METAL
11.11.1 TEMPERING
11.11.1.1 Cryocoolers are widely used in prevention of corrosion and
wear resistance
11.11.2 SHRINK FITTING
11.11.2.1 Need for maintaining cryogenic temperature in shrink fitting and
cold shrinking applications
TABLE 100 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 101 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 102 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 103 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 104 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 55 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
MINING & METAL APPLICATIONS IN 2025
TABLE 105 CRYOCOOLER MARKET FOR MINING & METAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.12 OTHERS
TABLE 106 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 107 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
TABLE 108 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 109 CRYOCOOLER MARKET FOR OTHERS APPLICATIONS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 110 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
FIGURE 56 AMERICAS TO HOLD LARGEST SIZE OF CRYOCOOLER MARKET FOR
OTHER APPLICATIONS IN 2025
TABLE 111 CRYOCOOLER MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
11.13 IMPACT OF COVID-19 ON APPLICATION SEGMENT
11.13.1 IMPACT OF COVID-19 ON MEDICAL APPLICATION SEGMENT
FIGURE 57 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
MEDICAL APPLICATION SEGMENT
11.13.2 IMPACT OF COVID 19 ON MILITARY APPLICATION SEGMENT
FIGURE 58 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
MILITARY APPLICATION SEGMENT
11.13.3 IMPACT OF COVID 19 ON SPACE APPLICATION SEGMENT
FIGURE 59 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
SPACE APPLICATION SEGMENT
12 REGIONAL ANALYSIS
12.1 INTRODUCTION
FIGURE 60 GEOGRAPHIC ANALYSIS OF CRYOCOOLER MARKET
TABLE 112 CRYOCOOLER MARKET, BY REGION, 2016–2019 (USD MILLION)
TABLE 113 CRYOCOOLER MARKET, BY REGION, 2020–2025 (USD MILLION)
12.2 AMERICAS
FIGURE 61 SNAPSHOT OF CRYOCOOLER MARKET IN AMERICAS
12.2.1 IMPACT OF COVID-19
FIGURE 62 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
CRYOCOOLER MARKET IN AMERICAS
TABLE 114 CRYOCOOLER MARKET IN AMERICAS, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 115 CRYOCOOLER MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 116 CRYOCOOLER MARKET IN AMERICAS, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 117 CRYOCOOLER MARKET IN AMERICAS, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 118 CRYOCOOLER MARKET IN AMERICAS, BY REGION, 2016–2019 (USD MILLION)
TABLE 119 CRYOCOOLER MARKET IN AMERICAS, BY REGION, 2020–2025 (USD MILLION)
12.2.2 NORTH AMERICA
TABLE 120 CRYOCOOLER MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 121 CRYOCOOLER MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 122 CRYOCOOLER MARKET IN NORTH AMERICA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 123 CRYOCOOLER MARKET IN NORTH AMERICA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 124 CRYOCOOLER MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 125 CRYOCOOLER MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
12.2.2.1 US
12.2.2.1.1 Well-established military industry and high expenditure on healthcare equipment to drive market growth
TABLE 126 CRYOCOOLER MARKET IN US, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 127 CRYOCOOLER MARKET IN US, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
12.2.2.2 Canada
12.2.2.2.1 Growing medical and healthcare expenditure to
spur demand for cryocoolers
TABLE 128 CRYOCOOLER MARKET IN CANADA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 129 CRYOCOOLER MARKET IN CANADA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
12.2.2.3 Mexico
12.2.2.3.1 Increasing exports of semiconductors to
drive cryocooler market
12.2.3 SOUTH AMERICA
TABLE 130 CRYOCOOLER MARKET IN SOUTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 131 CRYOCOOLER MARKET IN SOUTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 132 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 133 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 134 CRYOCOOLER MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 135 CRYOCOOLERS MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
12.2.3.1 Brazil
12.2.3.1.1 Cryocooler market in Brazil is dominated by imports of medical devices
12.2.3.2 Argentina
12.2.3.2.1 Cryocooler services segment to provide substantial opportunity for players in this market
12.2.3.3 Rest of South America
12.3 EUROPE
FIGURE 63 SNAPSHOT OF CRYOCOOLER MARKET IN EUROPE
12.3.1 IMPACT OF COVID-19
FIGURE 64 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
CRYOCOOLER MARKET IN EUROPE
TABLE 136 CRYOCOOLER MARKET IN EUROPE, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 137 CRYOCOOLER MARKET IN EUROPE, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 138 CRYOCOOLER MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 139 CRYOCOOLER MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 140 CRYOCOOLER MARKET IN EUROPE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
TABLE 141 CRYOCOOLER MARKET IN EUROPE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 Manufacturing, industrial electronics, and medical electronics segments to be driven by cryocooler demand in Germany
12.3.3 UK
12.3.3.1 UK is second-largest market for cryocoolers in Europe due to presence of large number of medical device manufacturers
12.3.4 FRANCE
12.3.4.1 Market in France is expected to grow at highest CAGR in Europe during forecast period
12.3.5 RUSSIA
12.3.5.1 Strong base for military & defense, and space programs to create additional demand for cryocoolers by 2025
12.3.6 REST OF EUROPE
12.4 APAC
FIGURE 65 SNAPSHOT OF CRYOCOOLER MARKET IN APAC
12.4.1 IMPACT OF COVID-19
FIGURE 66 SCENARIO ANALYSIS: PRE- AND POST-COVID-19 ANALYSIS:
APAC CRYOCOOLER MARKET
TABLE 142 CRYOCOOLER MARKET IN APAC, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 143 CRYOCOOLER MARKET IN APAC, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 144 CRYOCOOLER MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 145 CRYOCOOLER MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 146 CRYOCOOLER MARKET IN APAC, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
TABLE 147 CRYOCOOLER MARKET IN APAC, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Well established infrastructure and rising government expenditure in medical, military, and research and development sectors to boost growth of cryocooler market in Japan
12.4.3 CHINA
12.4.3.1 China is second-largest cryocooler market in APAC owing to increasing investments in various end-user segments
12.4.4 SOUTH KOREA
12.4.4.1 Cryocooler market in South Korea is driven by growth from electronics and semiconductor manufacturing companies
12.4.5 INDIA
12.4.5.1 Prominent growth in medical equipment market to spur demand for cryocoolers in India
12.4.6 REST OF APAC
12.5 ROW
12.5.1 IMPACT OF COVID-19
TABLE 148 CRYOCOOLER MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 149 CRYOCOOLER MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
TABLE 150 CRYOCOOLER MARKET IN ROW, BY CRYOCOOLER TYPE, 2016–2019 (USD MILLION)
TABLE 151 CRYOCOOLER MARKET IN ROW, BY CRYOCOOLER TYPE, 2020–2025 (USD MILLION)
TABLE 152 CRYOCOOLER MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
TABLE 153 CRYOCOOLER MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
12.5.2 MIDDLE EAST
12.5.2.1 Huge oil & gas reserves and petrochemical industries to
drive cryocooler demand
12.5.3 AFRICA
12.5.3.1 Emerging region for telecommunication industry and increasing manufacturing facilities
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
FIGURE 67 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES
FROM 2017 TO 2020
13.2 COMPETITIVE LEADERSHIP MAPPING
13.2.1 STAR
13.2.2 PERVASIVE
13.2.3 EMERGING LEADERS
13.2.4 PARTICIPANTS
FIGURE 68 CRYOCOOLER MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
13.3 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN CRYOCOOLER MARKET, 2019
TABLE 154 MARKET SHARE OF TOP 5 PLAYERS IN CRYOCOOLER MARKET IN 2019
13.4 MARKET EVALUATION FRAMEWORK
FIGURE 69 PRODUCT LAUNCHES FUELLED GROWTH AND INNOVATION FROM
2017 TO 2020 IN CRYOCOOLER MARKET
13.5 RECENT DEVELOPMENTS
TABLE 155 NEW PRODUCT LAUNCHES, 2017–2020
TABLE 156 CONTRACTS, AGREEMENTS, & PARTNERSHIPS, 2019–2020
TABLE 157 MERGERS & ACQUISITIONS, 2017–2020
14 COMPANY PROFILES
14.1 INTRODUCTION
14.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
14.2.1 SUMITOMO HEAVY INDUSTRIES LIMITED
FIGURE 70 SUMITOMO HEAVY INDUSTRIES LIMITED: COMPANY SNAPSHOT
14.2.2 CHART INDUSTRIES, INC.
FIGURE 71 CHART INDUSTRIES, INC.: COMPANY SNAPSHOT
14.2.3 SUNPOWER, INC. (AMETEK, INC.)
14.2.4 CRYOMECH, INC.
14.2.5 NORTHROP GRUMMAN CORPORATION
FIGURE 72 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
14.2.6 ADVANCED RESEARCH SYSTEMS, INC.
14.2.7 JANIS RESEARCH COMPANY, LLC
14.2.8 RICOR – CRYOGENIC & VACUUM SYSTEMS
14.2.9 SUPERCONDUCTOR TECHNOLOGIES, INC. (ALLIED INTEGRAL UNITED, INC.)
FIGURE 73 SUPERCONDUCTOR TECHNOLOGIES, INC.: COMPANY SNAPSHOT
14.2.10 AIR LIQUIDE SA
FIGURE 74 AIR LIQUIDE SA: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14.3 OTHER IMPORTANT PLAYERS
14.3.1 OXFORD CRYOSYSTEMS
14.3.2 CREARE LLC
14.3.3 LIHAN CRYOGENIC TECHNOLOGY CO., LTD
14.3.4 TRISTAN TECHNOLOGIES, INC.S
14.3.5 VACREE TECHNOLOGIES CO., LTD.
14.3.6 HONEYWELL INTERNATIONAL INC.
14.3.7 BRIGHT INSTRUMENTS
14.3.8 ACME CRYOGENICS
14.3.9 THALES CRYOGENICS BV
14.3.10 FABRUM SOLUTIONS LIMITED
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
