Cryogenic Equipment Market - Overview

The market for Cryogenic Equipment has been increasing due to an increased investment in the power and energy sector in the emerging economies along with rapid industrialization which induces the market for Cryogenic equipment. This is backed by the global growth of food & beverage sector with high dependency on frozen food which accelerates the demand for Cryogenic equipment used in processes like freezing and chilling. The Cryogenic Equipment Market is expected reach US$ XX Million at the end of the forecasted period and is expected to grow at CAGR of X.X% from 2016 to 2027.

The report for Cryogenic Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

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Industry Segmentation

Cryogenic Equipment Market is segmented on the basis of end-users, components, and cryogen. On the basis of end-users the market is segmented as chemical, oil & gas, electronics, food & beverages, pharmaceutical, healthcare, shipping, mining & metallurgy, and others. The market has been categorized on the basis of components into valve, tank, pump & vaporizer and others. On the basis of cryogen used, the market has been segmented as oxygen, nitrogen, argon and others.

Regional Analysis of Cryogenic Equipment Market

Asia-Pacific dominates the Cryogenic Equipment Market with its fast growing market worldwide. It will expand at a CAGR XX% over the forecast period. It is followed by North America which is expected to grow rapidly over $XX million by 2027.

Key Players

The key players of Cryogenic Equipment Market report include Linde Group AG, Air Liquide, Beijing Tianhai Industry Co., Ltd., Cryoquip Llc., Taylor-Wharton International Llc., VRV S.P.A., Flowserve Corporation, Parker Hannifin, Inox India Ltd., and Wessington Cryogenics Ltd.

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