Cryogenic Equipment/Devices Market Growth Driving Factors and Development Opportunities, 2012 - 2022
By 2022 the market size of global cryogenic equipment is forecasted to reach $25.05 billion, providing numerous opportunities for market players to invest for research and development.
(firmenpresse) - The global Cryogenic Equipment/Devices Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
By 2022 the market size of global cryogenic equipment is forecasted to reach $25.05 billion. The ever increasing power and energy demand along with faster rate of industrialization are considered to be the important factors to drive the market over 7 years.
Key Players:
Chart Industries
Cryo pure
Cryodepot
Cryofab
Cryogenic Equipment & Services, Inc.
Cryogenic Systems Equipment, Inc.
Cryoquip
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Growth Drivers:
HTS cables and energy storages are improved due to the advancements in energy and power sector. Larger amounts of investments from developing countries like India, who wish to construct high-speed trains and smart cities, are anticipated to provide boosts to the industry partakers.
Several industries including electronics, food and beverage, metallurgy and oil & gas can have cryogenic equipment at their discretion. 20% of the total revenue was constituted by power and energy in the year 2014. The investments in power industry in the developing nations open up new market places and enables growth.
Product Outlook:
Tank
Valve
Pumps & Vaporizers
Vacuum Jacketed Piping (VJP)
End-Use Outlook:
Oil & Gas
Metallurgy
Electronics
Power & Energy
Food & Beverage
Healthcare
Marine
Regional Insights:
Over 30% of the revenue was generated from the Asia Pacific market which was dominant in 2014. In the absence of pipelines LNG is stored and distributed accordingly. The development in Asian nations has caused increase in investment which drives the demand. Temperatures as low as -165 C are required by some of the Healthcare facilities in Asia that preserve blood of rare blood groups.
Owing to the significant applications across healthcare, food and beverage along with electronics industry will allow Europe to capture considerable amount of market share. European governments favour the use of LNG because of its low emission capabilities and ability to address environmental concerns will drive the demand. The demand for tanks that store gases is driven by large amount of LNG transported to European nations.
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Themen in dieser Pressemitteilung:
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cryogenic-equipment-devices-market-news
global-cryogenic-equipment-devices-market-industry-size
cryogenic-equipment-devices-market-share
cryogenic-equipment-devices-market-demand
cryogenic-equipment-devices-ma
Unternehmensinformation / Kurzprofil:
Datum: 17.09.2020 - 11:20 Uhr
Sprache: Deutsch
News-ID 619588
Anzahl Zeichen: 3234
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Machinery & Tools
Typ of Press Release: Financial
type of sending: don't
Date of sending: 17.09.2020
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