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Global cryogenic equipment market size is expected at $22.48 bn by 2028 at a growth rate of 9.1% segmented as tanks, valves, vaporizers, pumps, other equipment, nitrogen, argon, oxygen, lng<br>
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Cryogenic Equipment Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Cryogenic Equipment Market Segments The Business Research Company segments it’s Cryogenic Equipment market report as: Tanks, Valves, Vaporizers, Pumps, Other Equipment By Equipment By Cryogen Nitrogen, Argon, Oxygen, LNG, Hydrogen, Helium, Other Cryogens By Application Storage, Transportation, Processing, Other Applications By End-User Energy And Power, Chemicals, Metallurgy, Electronics, Shipping, Other End Users
Market Statistics The cryogenic equipment market size has grown strongly in recent years. It will grow from $14.44 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The cryogenic equipment market size is expected to see strong growth in the next few years. It will grow to $22.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The increase in demand for liquified natural gas is expected to drive the cryogenic equipment market. Trends Technological advancement has been a major trend in the cryogenic equipment market. • Region Asia-Pacific was the largest region in the cryogenic equipment market in 2023. The regions covered in the cryogenic equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Market Players • Major players in the Cryogenic Equipment market are: • Air Liquide S.A • Beijing Tianhai Industry Co. Ltd • Chart Industries Inc • Emerson Electric Co • Flowserve Corporation • And more. Get More Information On The Cryogenic Equipment Market Report
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