[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Cryogenic Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

July 2022 | 145 pages | ID: CA82335BAC65EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global cryogenic equipment market reached a value of US$ 19.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.8 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Cryogenic equipment refers to devices that are used for the storage and transportation of materials at extremely low temperatures. It consists of cryogenic storage racks, boxes, refrigerators, pressure vessels, cold traps, purifiers, piping, temperature controllers, accessories and tanks. It is primarily used for cooling, freezing, metal processing and biomedical and chemical storage purposes. It also aids in protecting users from accidental contact with hazardous materials during their handling. Owing to this, it finds extensive applications across various industries, including chemical, oil and gas, energy and power, food and beverage, healthcare, marine and aerospace.

Significant growth in the aerospace and aviation industries across the globe is one of the key factors that is creating a positive outlook for the market. Furthermore, the increasing demand for Liquified Natural Gas (LNG) across industries is also augmenting the market growth. The cryogenic equipment is specifically designed for gases, such as liquid helium, oxygen, nitrogen, argon and carbon dioxide (CO2) that are used in LNG-based power plants. In line with this, the increasing utilization of the equipment in oil tankers, vaporizers, pumps, refrigerators and valves in the oil and gas sector is acting as another major growth-inducing factor. Additionally, technological advancements in the field of immunotherapy, pharmaceuticals, vaccinations and regenerative medicines that have enhanced the utilization of cryogenic equipment, are contributing to the market growth. Other factors, including the growing need for clean energy sources, along with the development of mobile cryogenic equipment, are expected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment, cryogen, application and end use industry.

Breakup by Equipment:

Tanks
Pumps
Heat Exchanger
Valves
Others

Breakup by Cryogen:

Nitrogen
Liquified Natural Gas
Helium
Others

Breakup by Application:

Storage
Transportation
Processing
Others

Breakup by End Use Industry:

Oil and Gas
Energy and Power
Food and Beverages
Healthcare
Marine and Aerospace
Chemicals
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Air Liquide S.A., Air Products and Chemicals Inc., Chart Industries Inc., Cryofab Inc., Cryoquip LLC (Nikkiso Co. Ltd.), Emerson Electric Co., Flowserve Corporation, Herose GmbH, INOX India Pvt. Ltd, Linde Plc, Parker-Hannifin Corporation and Wessington Cryogenics.

Key Questions Answered in This Report:
How has the global cryogenic equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cryogenic equipment market?
What are the key regional markets?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the cryogen?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cryogenic equipment market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CRYOGENIC EQUIPMENT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY EQUIPMENT

6.1 Tanks
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Pumps
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Heat Exchanger
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Valves
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY CRYOGEN

7.1 Nitrogen
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Liquified Natural Gas
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Helium
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Storage
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Transportation
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Processing
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1 Oil and Gas
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Energy and Power
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Food and Beverages
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Healthcare
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Marine and Aerospace
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Chemicals
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Others
  9.7.1 Market Trends
  9.7.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Air Liquide S.A.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Air Products and Chemicals Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Chart Industries Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4 Cryofab Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Cryoquip LLC (Nikkiso Co. Ltd.)
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Emerson Electric Co.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Flowserve Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Herose GmbH
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 INOX India Pvt. Ltd.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Linde Plc
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
  15.3.11 Parker-Hannifin Corporation
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Wessington Cryogenics
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Cryogenic Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cryogenic Equipment Market Forecast: Breakup by Equipment (in Million US$), 2022-2027
Table 3: Global: Cryogenic Equipment Market Forecast: Breakup by Cryogen (in Million US$), 2022-2027
Table 4: Global: Cryogenic Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Cryogenic Equipment Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Cryogenic Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Cryogenic Equipment Market Structure
Table 8: Global: Cryogenic Equipment Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cryogenic Equipment Market: Major Drivers and Challenges
Figure 2: Global: Cryogenic Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cryogenic Equipment Market: Breakup by Equipment (in %), 2021
Figure 4: Global: Cryogenic Equipment Market: Breakup by Cryogen (in %), 2021
Figure 5: Global: Cryogenic Equipment Market: Breakup by Application (in %), 2021
Figure 6: Global: Cryogenic Equipment Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Cryogenic Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Cryogenic Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Cryogenic Equipment (Tanks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Cryogenic Equipment (Tanks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Cryogenic Equipment (Pumps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Cryogenic Equipment (Pumps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Cryogenic Equipment (Heat Exchanger) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Cryogenic Equipment (Heat Exchanger) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Cryogenic Equipment (Valves) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Cryogenic Equipment (Valves) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cryogenic Equipment (Other Equipments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cryogenic Equipment (Other Equipments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cryogenic Equipment (Nitrogen) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cryogenic Equipment (Nitrogen) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Cryogenic Equipment (Liquified Natural Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cryogenic Equipment (Liquified Natural Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cryogenic Equipment (Helium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cryogenic Equipment (Helium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Cryogenic Equipment (Other Cryogens) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Cryogenic Equipment (Other Cryogens) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Cryogenic Equipment (Storage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Cryogenic Equipment (Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Cryogenic Equipment (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Cryogenic Equipment (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Cryogenic Equipment (Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Cryogenic Equipment (Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Cryogenic Equipment (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Cryogenic Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Cryogenic Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Cryogenic Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Cryogenic Equipment (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Cryogenic Equipment (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Cryogenic Equipment (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Cryogenic Equipment (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Cryogenic Equipment (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Cryogenic Equipment (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Cryogenic Equipment (Marine and Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Cryogenic Equipment (Marine and Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Cryogenic Equipment (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Cryogenic Equipment (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Cryogenic Equipment (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Cryogenic Equipment (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: North America: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: North America: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United States: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United States: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Canada: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Canada: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Asia Pacific: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Asia Pacific: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: China: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: China: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Japan: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Japan: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: India: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: India: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: South Korea: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: South Korea: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Australia: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Australia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Indonesia: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Indonesia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Europe: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Europe: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Germany: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Germany: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: France: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: France: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: United Kingdom: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: United Kingdom: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Italy: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Italy: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Spain: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Spain: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Russia: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Russia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Latin America: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Latin America: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Brazil: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Brazil: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Mexico: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Mexico: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Middle East and Africa: Cryogenic Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Middle East and Africa: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Global: Cryogenic Equipment Industry: SWOT Analysis
Figure 98: Global: Cryogenic Equipment Industry: Value Chain Analysis
Figure 99: Global: Cryogenic Equipment Industry: Porter’s Five Forces Analysis


More Publications