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

June 2022 | 147 pages | ID: CE9F4EDA38DAEN
IMARC Group

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The global cryocooler market reached a value of US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2027, exhibiting a CAGR of 6.4% 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.

The cryocooler is a standalone mechanical refrigerator used for active cooling at extremely low temperatures. It uses cryogenic fluids with helium, nitrogen and hydrogen gasses circulating in a thermodynamic cycle to absorb the ambient heat and radiate it at low temperature. The fluid is compressed at room temperature, precooled in a heat exchanger and expanded at extremely low temperatures. The returning low-pressure fluid passes through the heat exchanger again to precool the high-pressure fluid before entering the compressor intake and repeats the cycle. Cryocoolers are commonly available in pulse-tube, Brayton, Stirling, Gifford- Mahon and Joule-Thomson variants. They are compact, vibrationless, energy-efficient, require minimal maintenance and find extensive applications across various industries, including medical, mining, military, aerospace, automotive and power.

Cryocooler Market Trends:
The increasing requirement for efficient cooling systems for the production of superconductors, magnets and power systems is one of the key factors driving the market growth. This can also be attributed to the widespread adoption of closed-loop cryocoolers for operating infrared (IR) sensors, detectors, thermal cameras, night vision systems and commercial refrigerators. Moreover, the increasing product utilization for maintaining low temperatures while operating surgical probes and magnetic resonance imaging (MRI) systems is providing a thrust to the market growth. Cryocoolers are also used for advanced cancer treatments, proton therapy, cryosurgery and liquefaction of oxygen in hospitals and healthcare centers, which is favoring the market growth. Additionally, various innovations, such as the development of space cryocoolers, are acting as other growth-inducing factors. These innovative variants can withstand launch vibrations and long-term exposure to space radiations. Other factors, including the increasing adoption of cryogenically cooled low-noise amplifiers in cellular telephone base stations, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryocooler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, heat exchanger type, operating cycle, temperature and application.

Breakup by Type:

Pulse-Tube
Gifford-McMahon
Joule-Thomson
Brayton
Stirling

Breakup by Heat Exchanger Type:

Recuperative Heat Exchangers
Regenerative Heat Exchangers

Breakup by Operating Cycle:

Open-Loop Cycle
Closed-Loop Cycle

Breakup by Temperature:

1K-5K
5.1K-10K
10.1K-50K
50.1K-100K
100.1K-300K

Breakup by Application:

Space
Healthcare
Military and Defense
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 competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Research Systems Inc., Air Liquide S.A., AMETEK Inc., Brooks Automation Inc., Chart Industries Inc., Cryomech Inc., Honeywell International Inc., Lake Shore Cryotronics Inc., Northrop Grumman Corporation, RICOR Cryogenic & Vacuum Systems, Sumitomo Heavy Industries Ltd., Superconductor Technologies Inc. and Thales Group.

Key Questions Answered in This Report:
How has the global cryocooler market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cryocooler market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the heat exchanger type?
What is the breakup of the market based on the operating cycle?
What is the breakup of the market based on the temperature?
What is the breakup of the market based on the application?
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 cryocooler 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 CRYOCOOLER MARKET

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

6 MARKET BREAKUP BY TYPE

6.1 Pulse-Tube
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Gifford-McMahon
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Joule-Thomson
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Brayton
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Stirling
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY HEAT EXCHANGER TYPE

7.1 Recuperative Heat Exchangers
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Regenerative Heat Exchangers
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY OPERATING CYCLE

8.1 Open-Loop Cycle
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Closed-Loop Cycle
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY TEMPERATURE

9.1 1K-5K
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 5.1K-10K
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 10.1K-50K
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 50.1K-100K
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 100.1K-300K
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY APPLICATION

10.1 Space
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Healthcare
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Military and Defense
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Others
  10.4.1 Market Trends
  10.4.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Advanced Research Systems Inc.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
  16.3.2 Air Liquide S.A.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3 AMETEK Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
  16.3.4 Brooks Automation Inc.
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Chart Industries Inc.
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
  16.3.6 Cryomech Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 Honeywell International Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Lake Shore Cryotronics Inc.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
  16.3.9 Northrop Grumman Corporation
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 RICOR Cryogenic & Vacuum Systems
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 Sumitomo Heavy Industries Ltd.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 Superconductor Technologies Inc.
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
  16.3.13 Thales Group
    16.3.13.1 Company Overview
    16.3.13.2 Product Portfolio
    16.3.13.3 Financials
    16.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cryocooler Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cryocooler Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Cryocooler Market Forecast: Breakup by Heat Exchanger Type (in Million US$), 2022-2027
Table 4: Global: Cryocooler Market Forecast: Breakup by Operating Cycle (in Million US$), 2022-2027
Table 5: Global: Cryocooler Market Forecast: Breakup by Temperature (in Million US$), 2022-2027
Table 6: Global: Cryocooler Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: Cryocooler Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Cryocooler Market: Competitive Structure
Table 9: Global: Cryocooler Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cryocooler Market: Major Drivers and Challenges
Figure 2: Global: Cryocooler Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cryocooler Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Cryocooler Market: Breakup by Type (in %), 2021
Figure 5: Global: Cryocooler Market: Breakup by Heat Exchanger Type (in %), 2021
Figure 6: Global: Cryocooler Market: Breakup by Operating Cycle (in %), 2021
Figure 7: Global: Cryocooler Market: Breakup by Temperature (in %), 2021
Figure 8: Global: Cryocooler Market: Breakup by Application (in %), 2021
Figure 9: Global: Cryocooler Market: Breakup by Region (in %), 2021
Figure 10: Global: Cryocooler (Pulse-Tube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cryocooler (Pulse-Tube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cryocooler (Gifford-McMahon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cryocooler (Gifford-McMahon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cryocooler (Joule-Thomson) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cryocooler (Joule-Thomson) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cryocooler (Brayton) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cryocooler (Brayton) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cryocooler (Stirling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cryocooler (Stirling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cryocooler (Recuperative Heat Exchangers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cryocooler (Recuperative Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cryocooler (Regenerative Heat Exchangers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cryocooler (Regenerative Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cryocooler (Open-Loop Cycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cryocooler (Open-Loop Cycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Cryocooler (Closed-Loop Cycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Cryocooler (Closed-Loop Cycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Cryocooler (1K-5K) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Cryocooler (1K-5K) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Cryocooler (5.1K-10K) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Cryocooler (5.1K-10K) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Cryocooler (10.1K-50K) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Cryocooler (10.1K-50K) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Cryocooler (50.1K-100K) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Cryocooler (50.1K-100K) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Cryocooler (100.1K-300K) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Cryocooler (100.1K-300K) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Cryocooler (Space) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Cryocooler (Space) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Cryocooler (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Cryocooler (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Cryocooler (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Cryocooler (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Cryocooler (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Cryocooler (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United States: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United States: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Canada: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Canada: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia-Pacific: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia-Pacific: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: China: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: China: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Japan: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Japan: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: India: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: India: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: South Korea: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: South Korea: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Australia: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Australia: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Indonesia: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Indonesia: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Europe: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Europe: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Germany: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Germany: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: France: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: France: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: United Kingdom: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: United Kingdom: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Italy: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Italy: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Spain: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Spain: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Russia: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Russia: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Latin America: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Latin America: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Brazil: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Brazil: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Mexico: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Mexico: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Cryocooler Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Cryocooler Market: Breakup by Country (in %), 2021
Figure 94: Middle East and Africa: Cryocooler Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Global: Cryocooler Industry: SWOT Analysis
Figure 96: Global: Cryocooler Industry: Value Chain Analysis
Figure 97: Global: Cryocooler Industry: Porter's Five Forces Analysis


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