Cryogenic Equipment Market Research and Forecast Report 2023-2028

1. Global Cryogenic Equipment Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Cryogenic Equipment Market Research Report: The latest report by IMARC, titled “Cryogenic Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global cryogenic equipment market reached a value of US$ 20.7 Billion in 2022. Cryogenic equipment are machinery that are utilized for the storage and transportation of numerous materials at extremely low temperatures. They commonly consist of cryogenic refrigerators, cryogenic storage racks and boxes, cryogenic tanks, and temperature controllers. A cryogenic tank is employed for the storage of cryogenic gases, such as liquid oxygen, carbon dioxide, argon, nitrogen and methane, whereas a cryogenic refrigerator uses a refrigerant to be circulated in a fluid flow path between the chambers to preserve cryogenic materials. These equipment are commonly used for cooling, freezing, metal processing and biomedical and chemical storage purposes across the chemical, oil and gas, food and beverage, healthcare, energy and power, and marine sectors. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/cryogenic-equipment-

4. Report Description and Highlights Report Description Global Cryogenic Equipment Market Trends: The global market is majorly driven by the rising demand for Liquified Natural Gas (LNG) that is widely used to facilitate numerous industrial processes. With rapid industrialization, there has been an escalating demand for LNG- based power generation systems across the globe. This, coupled with the growing utilization of liquid gases in complex industrial processes, is providing an impetus to the market growth. Moreover, significant growth in the aerospace and aviation industries is also creating a positive outlook for the market. The rising employment of oil tankers, vaporizers, pumps, refrigerators and valves across the oil and gas sector is also providing an impetus to the market growth. Some of the other factors contributing to the market include the launch of mobile cryogenic equipment and the continual technological advancements in pharmaceuticals, immunotherapy, vaccinations and regenerative medicines. On account of the aforementioned factors, the market is expected to grow at a CAGR of 4.8% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Equipment Insights: • Tanks • Pumps • Heat Exchanger • Valves • Others Cryogen Insights: • Nitrogen • Liquified Natural Gas • Helium • Others Application Insights: • Storage • Transportation • Processing

6. Report Description and Highlights Report Description • Others End Use Industry Insights: • Oil and Gas • Energy and Power • Food and Beverages • Healthcare • Marine and Aerospace • Chemicals • Others Regional Insights: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea

7. Report Description and Highlights Report Description • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • 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 Wessington Cryogenics View Full Report with TOC & List of Figure: https://www.imarcgroup.com/cryogenic-equipment- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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