Cryogenic Equipment Market
Cryogenic Equipment Market Study by Tanks, Valves, Pumps & Vaporizers, Vacuum and Jacketed Piping for Oil & Gas, Metallurgy, Automotive, F&B, and Chemicals from 2024 to 2034
Analysis of Cryogenic Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cryogenic Equipment Market Outlook (2024 to 2034)
The global cryogenic equipment market is calculated at US$ 25.25 billion for 2034. Worldwide sales of cryogenic equipment are forecasted to increase at a CAGR of 6.6% and reach US$ 47.84 billion by the end of 2034.
Cryogenic equipment refers to devices and systems designed to handle and manipulate materials at extremely low temperatures, typically below -150 degrees Celsius (-238 degrees Fahrenheit). These temperatures are within the range of what is known as cryogenic temperatures. The main purpose of cryogenic equipment is to store, transport, or process materials such as gases, liquids, or solids at these extremely low temperatures.
Rising demand for gas in several industrial applications and essential use in LNG storage and distribution are prominent factors that are anticipated to primarily drive the shipments of cryogenic systems going forward. Increasing demand for LNG all over the world is anticipated to be crucial for market development in the long run.
- Sales of cryogenic equipment for storage applications are projected to reach US$ 26.22 billion by 2034.
Growing demand for portable cryogenic tanks and liquid nitrogen storage containers is expected to promote the sales of cryogenic storage tanks during the next 10 years.
Increasing investments in the space industry and a rising number of space missions are also expected to boost demand for cryogenic devices in the coming decade. Cryogenic systems are used to store space specimens as cryogenic gases are inert in nature and do not react with the specimen keeping its characteristics intact.
- By the end of 2021, a linerless, full composite, large cryogenic tank developed by Boeing passed a series of tests at NASA’s Marshall Space Flight Center, proving its capability to be used in aerospace vehicles in the future.
The market for cryogenic equipment in the East Asia region is anticipated to be the most rewarding one in the world across the forecast period, which can be ascribed to the growing demand for gas-powered energy generation plants and the rising demand for clean energy. Supportive government initiatives and robust economic growth in countries such as China, Japan, and South Korea are also expected to boost demand for cryogenic equipment through 2034.
- East Asia is projected to hold 33.9% of the global cryogenic equipment market share by 2034.
- The North American cryogenic equipment market size is estimated at US$ 6.51 billion in 2024.
| Report Attributes | Details |
|---|---|
| Cryogenic Equipment Market Size (2024E) | US$ 25.25 Billion |
| Forecasted Market Value (2034F) | US$ 47.84 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.6% CAGR |
| Canada Market Value (2034F) | US$ 2.79 Billion |
| South Korea Market Growth (2024 to 2034) | 7.6% CAGR |
| Valve Demand Growth (2024 to 2034) | 6.5% CAGR |
| Key Companies Profiled | Emerson Electric Co.; Chart Industries Inc.; Linde plc; SAS Cryo Pur; Ulvac Technologies Inc.; Nikkiso Co. Ltd.; Air Liquide SA; Galileo Technologies S.A.; Standex International; Wessington Cryogenics; Cryolor SA; Beijing Tianhai Industry Co. Ltd; Cryofab Inc.; Herose GmbH; Premier Cryogenics Ltd.; Braunschweiger Flammenfilter GmbH; Lapesa Grupo Empresarial s.l |
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Which Market Dynamics are Influencing Adoption of Modern Cryogenic Technologies?
“Advanced Materials and Innovative Insulation Techniques Leading to Development of Smart Cryogenic Equipment”
Technological advancements are playing an important role in enhancing the efficiency and safety of cryogenic equipment, driving innovation within the industry. One notable area of advancement lies in the development of materials used in the construction of cryogenic equipment.
Traditional materials may face challenges such as brittleness at extremely low temperatures or thermal conductivity issues. To address these concerns, researchers and manufacturers are exploring and adopting advanced materials that offer improved strength, durability, and thermal performance, ensuring the reliability and longevity of cryogenic equipment.
In parallel, innovations in insulation techniques represent a notable cryogenic equipment market trend. Effective insulation is crucial for minimizing heat transfer and maintaining the ultra-low temperatures required for cryogenic processes. Modern insulation materials and methods aim to achieve superior thermal resistance while also addressing issues such as weight and space constraints.
Vacuum-insulated panels, advanced foam insulation, and multi-layered approaches are examples of techniques being employed to enhance the thermal efficiency of cryogenic equipment, reducing energy consumption and improving overall performance.
“Automation in Cryogenic Equipment to Increase Overall Productivity”
Automation is emerging as a key factor in advancing the safety and operational capabilities of cryogenic equipment. Automation technologies contribute to the precise control and monitoring of cryogenic processes, minimizing the risk of human error and enhancing overall system efficiency. Automated control systems can regulate parameters such as temperature, pressure, and flow rates with a high degree of accuracy, ensuring that cryogenic equipment operates within specified parameters.
Integration of sensors and smart technologies is another aspect of automation that enhances the safety and reliability of cryogenic equipment. Real-time monitoring and data analytics enable predictive maintenance, allowing for the identification of potential issues before they escalate, thus reducing downtime and extending the lifespan of the equipment.
What's Affecting Cryogenic Equipment Demand Growth?
“Exposure to Cryogen Can Lead to Serious Injuries”
Health risks associated with cryogen leakage are anticipated to be a major challenge for cryogenic equipment suppliers as prolonged exposure to cryogen may lead to frostbite and oxygen deficiency resulting in fatal damage to the lungs and other parts of the body of operators and workers.
“High CAPEX & OPEX Inhibiting Market Growth Potential”
High CAPEX (Capital Expenditure) and OPEX (Operating Expenses) costs are also predicted to obstruct the cryogenic equipment market growth across the forecast period. Maintenance costs of cryogenic systems are very high and this could also potentially constrain market evolution over the coming 10 years.
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What Strategies Can New Companies Follow to Make a Mark?
“Product Innovation and Customization”
Startups can differentiate themselves by focusing on innovation in both product design and technology. This involves developing cryogenic equipment with improved efficiency, safety features, and cost-effectiveness. Investments in research and development activities are set to aid new companies in staying ahead of the curve, addressing evolving customer needs, and outperforming traditional solutions.
Tailoring cryogenic solutions to specific industries or applications can further help new companies carve out niche markets. Understanding the unique requirements of sectors such as healthcare, aerospace, or energy enables customization, meeting the specialized demands of clients.
- Founded in 2018 by Alexander Regnat, Jan Spallek, Tomek Schulz, and Christian Pfleiderer, Kiutra is a pioneering startup dedicated to the development of cryogen-free cryostats. These cryostats, known for their efficiency and user-friendly design, play a crucial role in advancing scientific research and expediting the progress of quantum computing technology. The innovative solutions offered by Kiutra are set to boost their market position.
- A United States-based start-up, Applied Cryo Technologies founded in 2012, produces cryogenic trailers and mobile storage facilities for liquefied natural gas (LNG) and other cryogens. The company aims to capitalize on the growing LNG market across the world as reliance on other fuels is witnessing a paradigm shift.
Country-wise Analysis
As per the study by Fact.MR, a market research and competitive intelligence provider, the factors driving cryogenic equipment sales in the United States, Germany, and Japan are diverse, reflecting the unique industrial, technological, and regulatory landscapes of each country. Industrial applications, energy transition initiatives, and research activities are some of the common themes contributing to the sales of cryogenic equipment across these countries.
Will the United States be a Lucrative Market for Cryogenic Equipment Manufacturers?
“Increasing Energy Demand and Presence of Key Market Players”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 4.44 Billion |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 8.47 Billion |
Energy demand is witnessing a substantial increase across the world and this trend is prominent in the United States as well. Moreover, the rising focus on sustainability is bolstering the demand for clean energy sources, which in turn is expected to drive up the demand for LNG (Liquefied Natural Gas) and subsequently boost demand for cryogenic equipment and services in the coming decade in the United States. Supportive government initiatives and the presence of key cryogenic equipment manufacturers are other factors that could promulgate sales of cryogenic devices in the country through 2034.
Why are Cryogenic Equipment Companies Attracted to Japan?
“High Demand for LNG & Prominent Presence of Chemical Industry”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 2.56 Billion |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 4.78 Billion |
Japan is known as one of the most technologically advanced countries in the world and this is what makes it a highly attractive market for all types of technologies. The country is leading research in the quantum technology field and thus has a wide scope of applications for cryogenic devices and services as cryostats play a crucial role in the functioning of quantum technologies. Japan is also the world’s largest importer of liquefied natural gas (LNG) and this is also anticipated to boost cryogenic equipment sales over the next ten years. Moreover, the presence of key chemical manufacturers in Japan is also expected to drive market potential in the coming decade.
Which European Country Can Cryogenic Equipment Suppliers Focus On?
“Medical and Healthcare Facilities in Germany Witnessing Growing Demand for Cryogenic Technologies”
Germany's well-developed healthcare sector relies on cryogenic equipment for medical applications such as biobanking and cryopreservation. The growing demand from medical and research facilities is contributing significantly to the overall sales of cryogenic equipment in the country.
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Category-wise Analysis
Demand for cryogenic tanks is driven by their critical role in diverse industries, ranging from energy and healthcare to aerospace and research. The ability to store and handle materials at extremely low temperatures makes cryogenic tanks essential for numerous applications, contributing to their global popularity and market demand.
Why are Cryogenic Tanks Widely Demanded?
“Cryogenic Tanks Vital for Storage and Distribution of Gases across Sectors”
| Attribute | Cryogenic Tanks |
|---|---|
| Segment Value (2024E) | US$ 7.87 Billion |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 14.54 Billion |
Cryogenic tanks are finding wide applications across the globe due to their indispensable role in various industries that require the storage, transportation, and handling of materials at extremely low temperatures.
The industrial gas sector, which encompasses the production and distribution of gases for various industrial applications, heavily relies on cryogenic tanks. Industries such as manufacturing, metallurgy, and electronics utilize cryogenic tanks for the storage and distribution of gases such as nitrogen, oxygen, and argon. These tanks provide a reliable and efficient means of storing gases in their liquid state at extremely low temperatures, allowing for compact and high-capacity storage.
Cryogenic tanks are also extensively used in the healthcare and medical fields for the storage and transportation of medical gases, cryopreservation of biological samples, and other medical applications. These tanks ensure the safe and precise handling of materials critical to medical research, treatments, and diagnostics.
Competitive Landscape
Key players in the cryogenic equipment market are concentrating on strategically expanding their presence in both established and high-potential markets. Global market expansion tactic allows leading companies to tap into regions with growing industrialization, increasing demand for cryogenic solutions, and supportive regulatory environments. Establishing a strong international presence further broadens the customer base and also mitigates risks associated with regional economic fluctuations.
Key Segments of Cryogenic Equipment Market Research
-
By Product :
- Tanks
- Valves
- Pumps & Vaporizers
- Vacuum Jacketed Piping
- Others
-
By Cryogen :
- Nitrogen
- Oxygen
- Argon
- Liquefied Natural Gas (LNG)
- Others
-
By Application :
- Distribution
- Storage
-
By End-use Industry :
- Oil and Gas
- Metallurgy
- Automotive
- Food & Beverages
- Chemicals
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034)
- 6. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Product
- 6.1. Tanks
- 6.2. Valves
- 6.3. Pumps & Vaporizers
- 6.4. Vacuum Jacketed Piping
- 6.5. Others
- 7. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Cryogen
- 7.1. Nitrogen
- 7.2. Oxygen
- 7.3. Argon
- 7.4. Liquefied Natural Gas (LNG)
- 7.5. Others
- 8. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Application
- 8.1. Distribution
- 8.2. Storage
- 9. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by End-use Industry
- 9.1. Oil & Gas
- 9.2. Metallurgy
- 9.3. Automotive
- 9.4. Food & Beverages
- 9.5. Chemicals
- 9.6. Others
- 10. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. Emerson Electric Co.
- 20.2. Chart Industries Inc.
- 20.3. Linde plc
- 20.4. SAS Cryo Pur
- 20.5. Ulvac Technologies Inc.
- 20.6. Nikkiso Co. Ltd.
- 20.7. Air Liquide SA
- 20.8. Galileo Technologies S.A.
- 20.9. Standex International
- 20.10. Wessington Cryogenics
- 20.11. Cryolor SA
- 20.12. Beijing Tianhai Industry Co. Ltd
- 20.13. Cryofab Inc.
- 20.14. Herose GmbH
- 20.15. Premier Cryogenics Ltd.
- 20.16. Braunschweiger Flammenfilter GmbH
- 20.17. Lapesa Grupo Empresarial s.l
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market by Product, 2018 to 2034
Table 02: Global Market Value (US$ Mn), by Product, 2018 to 2034
Table 03: Global Market by Cryogen, 2018 to 2034
Table 04: Global Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 05: Global Market by Application, 2018 to 2034
Table 06: Global Market Value (US$ Mn), by Application, 2018 to 2034
Table 07: Global Market by End-use Industry, 2018 to 2034
Table 08: Global Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 09: Global Market by Region, 2018 to 2034
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2034
Table 11: North America Market by Product, 2018 to 2034
Table 12: North America Market Value (US$ Mn), by Product, 2018 to 2034
Table 13: North America Market by Cryogen, 2018 to 2034
Table 14: North America Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 15: North America Market by Application, 2018 to 2034
Table 16: North America Market Value (US$ Mn), by Application, 2018 to 2034
Table 17: North America Market by End-use Industry, 2018 to 2034
Table 18: North America Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 19: North America Market by Country, 2018 to 2034
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2034
Table 21: Europe Market by Product, 2018 to 2034
Table 22: Europe Market Value (US$ Mn), by Product, 2018 to 2034
Table 23: Europe Market by Cryogen, 2018 to 2034
Table 24: Europe Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 25: Europe Market by Application, 2018 to 2034
Table 26: Europe Market Value (US$ Mn), by Application, 2018 to 2034
Table 27: Europe Market by End-use Industry, 2018 to 2034
Table 28: Europe Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 29: Europe Market by Country, 2018 to 2034
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2034
Table 31: East Asia Market by Product, 2018 to 2034
Table 32: East Asia Market Value (US$ Mn), by Product, 2018 to 2034
Table 33: East Asia Market by Cryogen, 2018 to 2034
Table 34: East Asia Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 35: East Asia Market by Application, 2018 to 2034
Table 36: East Asia Market Value (US$ Mn), by Application, 2018 to 2034
Table 37: East Asia Market by End-use Industry, 2018 to 2034
Table 38: East Asia Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 39: East Asia Market by Country, 2018 to 2034
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 41: South Asia Market by Product, 2018 to 2034
Table 42: South Asia Market Value (US$ Mn), by Product, 2018 to 2034
Table 43: South Asia Market by Cryogen, 2018 to 2034
Table 44: South Asia Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 45: South Asia Market by Application, 2018 to 2034
Table 46: South Asia Market Value (US$ Mn), by Application, 2018 to 2034
Table 47: South Asia Market by End-use Industry, 2018 to 2034
Table 48: South Asia Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 49: South Asia Market by Country, 2018 to 2034
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 51: Latin America Market by Product, 2018 to 2034
Table 52: Latin America Market Value (US$ Mn), by Product, 2018 to 2034
Table 53: Latin America Market by Cryogen, 2018 to 2034
Table 54: Latin America Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 55: Latin America Market by Application, 2018 to 2034
Table 56: Latin America Market Value (US$ Mn), by Application, 2018 to 2034
Table 57: Latin America Market by End-use Industry, 2018 to 2034
Table 58: Latin America Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 59: Latin America Market by Country, 2018 to 2034
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2034
Table 61: Middle East and Africa Market by Product, 2018 to 2034
Table 62: Middle East and Africa Market Value (US$ Mn), by Product, 2018 to 2034
Table 63: Middle East and Africa Market by Cryogen, 2018 to 2034
Table 64: Middle East and Africa Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 65: Middle East and Africa Market by Application, 2018 to 2034
Table 66: Middle East and Africa Market Value (US$ Mn), by Application, 2018 to 2034
Table 67: Middle East and Africa Market by End-use Industry, 2018 to 2034
Table 68: Middle East and Africa Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 69: Middle East and Africa Market by Country, 2018 to 2034
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2034
Table 71: Oceania Market by Product, 2018 to 2034
Table 72: Oceania Market Value (US$ Mn), by Product, 2018 to 2034
Table 73: Oceania Market by Cryogen, 2018 to 2034
Table 74: Oceania Market Value (US$ Mn), by Cryogen, 2018 to 2034
Table 75: Oceania Market by Application, 2018 to 2034
Table 76: Oceania Market Value (US$ Mn), by Application, 2018 to 2034
Table 77: Oceania Market by End-use Industry, 2018 to 2034
Table 78: Oceania Market Value (US$ Mn), by End-use Industry, 2018 to 2034
Table 79: Oceania Market by Country, 2018 to 2034
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2034
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2034
Fig 02: Global Absolute $ Historical Market (2018 to 2023) and Absolute $ Opportunity (2024 to 2034), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2024 to 2034
Fig 05: Global Market Share, By Product - 2024 to 2034
Fig 06: Global Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 07: Global Market Attractiveness Index, By Product - 2024 to 2034
Fig 08: Global Market Share, By Cryogen - 2024 to 2034
Fig 09: Global Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 10: Global Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 11: Global Market Share, By Application - 2024 to 2034
Fig 12: Global Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 13: Global Market Attractiveness Index, By Application - 2024 to 2034
Fig 14: Global Market Share, By End-use Industry - 2024 to 2034
Fig 15: Global Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 16: Global Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 17: Global Market Share, by Region - 2024 to 2034
Fig 18: Global Market Y-o-Y Growth Projections, by Region - 2024 to 2034
Fig 19: Global Market Attractiveness Index, by Region - 2024 to 2034
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Product - 2024 to 2034
Fig 22: North America Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 23: North America Market Attractiveness Index, By Product - 2024 to 2034
Fig 24: North America Market Share, By Cryogen - 2024 to 2034
Fig 25: North America Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 26: North America Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 27: North America Market Share, By Application - 2024 to 2034
Fig 28: North America Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 29: North America Market Attractiveness Index, By Application - 2024 to 2034
Fig 30: North America Market Share, By End-use Industry - 2024 to 2034
Fig 31: North America Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 32: North America Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 33: North America Market Share, By Country - 2024 to 2034
Fig 34: North America Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 35: North America Market Attractiveness Index, By Country - 2024 to 2034
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Product - 2024 to 2034
Fig 38: Europe Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 39: Europe Market Attractiveness Index, By Product - 2024 to 2034
Fig 40: Europe Market Share, By Cryogen - 2024 to 2034
Fig 41: Europe Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 42: Europe Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 43: Europe Market Share, By Application - 2024 to 2034
Fig 44: Europe Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 45: Europe Market Attractiveness Index, By Application - 2024 to 2034
Fig 46: Europe Market Share, By End-use Industry - 2024 to 2034
Fig 47: Europe Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 48: Europe Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 49: Europe Market Share, By Country - 2024 to 2034
Fig 50: Europe Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 51: Europe Market Attractiveness Index, By Country - 2024 to 2034
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Product - 2024 to 2034
Fig 54: East Asia Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 55: East Asia Market Attractiveness Index, By Product - 2024 to 2034
Fig 56: East Asia Market Share, By Cryogen - 2024 to 2034
Fig 57: East Asia Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 58: East Asia Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 59: East Asia Market Share, By Application - 2024 to 2034
Fig 60: East Asia Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 61: East Asia Market Attractiveness Index, By Application - 2024 to 2034
Fig 62: East Asia Market Share, By End-use Industry - 2024 to 2034
Fig 63: East Asia Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 64: East Asia Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 65: East Asia Market Share, By Country - 2024 to 2034
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 67: East Asia Market Attractiveness Index, By Country - 2024 to 2034
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Product - 2024 to 2034
Fig 70: South Asia Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 71: South Asia Market Attractiveness Index, By Product - 2024 to 2034
Fig 72: South Asia Market Share, By Cryogen - 2024 to 2034
Fig 73: South Asia Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 74: South Asia Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 75: South Asia Market Share, By Application - 2024 to 2034
Fig 76: South Asia Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 77: South Asia Market Attractiveness Index, By Application - 2024 to 2034
Fig 78: South Asia Market Share, By End-use Industry - 2024 to 2034
Fig 78: South Asia Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 80: South Asia Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 81: South Asia Market Share, By Country - 2024 to 2034
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 83: South Asia Market Attractiveness Index, By Country - 2024 to 2034
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Product - 2024 to 2034
Fig 86: Latin America Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 87: Latin America Market Attractiveness Index, By Product - 2024 to 2034
Fig 88: Latin America Market Share, By Cryogen - 2024 to 2034
Fig 89: Latin America Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 90: Latin America Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 91: Latin America Market Share, By Application - 2024 to 2034
Fig 92: Latin America Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 93: Latin America Market Attractiveness Index, By Application - 2024 to 2034
Fig 94: Latin America Market Share, By End-use Industry - 2024 to 2034
Fig 95: Latin America Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 96: Latin America Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 97: Latin America Market Share, By Country - 2024 to 2034
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 99: Latin America Market Attractiveness Index, By Country - 2024 to 2034
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Product - 2024 to 2034
Fig 102: MEA Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 103: MEA Market Attractiveness Index, By Product - 2024 to 2034
Fig 104: MEA Market Share, By Cryogen - 2024 to 2034
Fig 105: MEA Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 106: MEA Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 107: MEA Market Share, By Application - 2024 to 2034
Fig 108: MEA Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 109: MEA Market Attractiveness Index, By Application - 2024 to 2034
Fig 110: MEA Market Share, By End-use Industry - 2024 to 2034
Fig 111: MEA Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 112: MEA Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 113: MEA Market Share, By Country - 2024 to 2034
Fig 114: MEA Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 115: MEA Market Attractiveness Index, By Country - 2024 to 2034
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Product - 2024 to 2034
Fig 118: Oceania Market Y-o-Y Growth Projections, By Product - 2024 to 2034
Fig 119: Oceania Market Attractiveness Index, By Product - 2024 to 2034
Fig 120: Oceania Market Share, By Cryogen - 2024 to 2034
Fig 121: Oceania Market Y-o-Y Growth Projections, By Cryogen - 2024 to 2034
Fig 122: Oceania Market Attractiveness Index, By Cryogen - 2024 to 2034
Fig 123: Oceania Market Share, By Application - 2024 to 2034
Fig 124: Oceania Market Y-o-Y Growth Projections, By Application - 2024 to 2034
Fig 125: Oceania Market Attractiveness Index, By Application - 2024 to 2034
Fig 126: Oceania Market Share, By End-use Industry - 2024 to 2034
Fig 127: Oceania Market Y-o-Y Growth Projections, By End-use Industry - 2024 to 2034
Fig 128: Oceania Market Attractiveness Index, By End-use Industry - 2024 to 2034
Fig 129: Oceania Market Share, By Country - 2024 to 2034
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country - 2024 to 2034
Fig 131: Oceania Market Attractiveness Index, By Country - 2024 to 2034
Fig 132: United States Market share by Product, 2023
Fig 133: United States Market share by Cryogen, 2023
Fig 134: United States Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 135: United States Market Share by End-use Industry, 2023
Fig 136: Canada Market share by Product, 2023
Fig 137: Canada Market share by Cryogen, 2023
Fig 138: Canada Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 139: Canada Market Share by End-use Industry, 2023
Fig 140: Germany Market share by Product, 2023
Fig 141: Germany Market share by Cryogen, 2023
Fig 142: Germany Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 143: Germany Market Share by End-use Industry, 2023
Fig 144: United Kingdom Market share by Product, 2023
Fig 145: United Kingdom Market share by Cryogen, 2023
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 147: United Kingdom Market Share by End-use Industry, 2023
Fig 148: France Market share by Product, 2023
Fig 149: France Market share by Cryogen, 2023
Fig 150: France Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 151: France Market Share by End-use Industry, 2023
Fig 152: Russia Market share by Product, 2023
Fig 153: Russia Market share by Cryogen, 2023
Fig 154: Russia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 155: Russia Market Share by End-use Industry, 2023
Fig 156: Spain Market share by Product, 2023
Fig 157: Spain Market share by Cryogen, 2023
Fig 158: Spain Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 159: Spain Market Share by End-use Industry, 2023
Fig 160: Italy Market share by Product, 2023
Fig 161: Italy Market share by Cryogen, 2023
Fig 162: Italy Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 163: Italy Market Share by End-use Industry, 2023
Fig 164: China Market share by Product, 2023
Fig 165: China Market share by Cryogen, 2023
Fig 166: China Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 167: China Market Share by End-use Industry, 2023
Fig 168: Japan Market share by Product, 2023
Fig 169: Japan Market share by Cryogen, 2023
Fig 170: Japan Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 171: Japan Market Share by End-use Industry, 2023
Fig 172: South Korea Market share by Product, 2023
Fig 173: South Korea Market share by Cryogen, 2023
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 175: South Korea Market Share by End-use Industry, 2023
Fig 176: India Market share by Product, 2023
Fig 177: India Market share by Cryogen, 2023
Fig 178: India Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 179: India Market Share by End-use Industry, 2023
Fig 180: Singapore Market share by Product, 2023
Fig 181: Singapore Market share by Cryogen, 2023
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 183: Singapore Market Share by End-use Industry, 2023
Fig 184: Indonesia Market share by Product, 2023
Fig 185: Indonesia Market share by Cryogen, 2023
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 187: Indonesia Market Share by End-use Industry, 2023
Fig 188: Thailand Market share by Product, 2023
Fig 189: Thailand Market share by Cryogen, 2023
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 191: Thailand Market Share by End-use Industry, 2023
Fig 192: Brazil Market share by Product, 2023
Fig 193: Brazil Market share by Cryogen, 2023
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 195: Brazil Market Share by End-use Industry, 2023
Fig 196: Mexico Market share by Product, 2023
Fig 197: Mexico Market share by Cryogen, 2023
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 199: Mexico Market Share by End-use Industry, 2023
Fig 200: Turkey Market share by Product, 2023
Fig 201: Turkey Market share by Cryogen, 2023
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 203: Turkey Market Share by End-use Industry, 2023
Fig 204: GCC Countries Market share by Product, 2023
Fig 205: GCC Countries Market share by Cryogen, 2023
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 207: GCC Countries Market Share by End-use Industry, 2023
Fig 208: South Africa Market share by Product, 2023
Fig 209: South Africa Market share by Cryogen, 2023
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 211: South Africa Market Share by End-use Industry, 2023
Fig 212: Australia Market share by Product, 2023
Fig 213: Australia Market share by Cryogen, 2023
Fig 214: Australia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 215: Australia Market Share by End-use Industry, 2023
Fig 216: New Zealand Market share by Product, 2023
Fig 217: New Zealand Market share by Cryogen, 2023
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 219: New Zealand Market Share by End-use Industry, 2023
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- FAQs -
How big is the cryogenic equipment market size in 2024?
The global cryogenic equipment market is valued at US$ 25.25 billion for 2024.
What are the future projections for cryogenic equipment?
Sales of cryogenic equipment are foreseen to rise at a CAGR of 6.6% from 2024 to 2034.
How much is the market for cryogenic equipment expected to reach by 2034?
Demand for cryogenic equipment is forecasted to reach a market value of US$ 47.84 billion by 2034.
In which industry is cryogenic equipment widely used?
The medical industry accounts for higher demand for cryogenic equipment due to high cold storage requirements.
Who are the top manufacturers of cryogenic equipment?
Linde PLC, Emerson Electric Co., and Beijing Tianhai Industry Co. Ltd are some of the top producers of cryogenic equipment.
What are the projected sales for cryogenic equipment in South Korea?
The South Korea market is approximated at US$ 1.11 billion in 2024.
Cryogenic Equipment Market