The Business Research Company’s report goes into great detail on the cryogenic equipment market size and growth, cryogenic equipment market regional analysis, cryogenic equipment market competitive landscape, and other critical information needed to excel in the cryogenic equipment industry.

Major players in the cryogenic equipment market include Air Liquide, Beijing Tianhai Industry Co.Ltd, Chart Industries Inc., Emerson Electric Co., Flowserve Corporation, Herose GmbH, INOXCVA, Linde plc, Taylor Wharton, VRV S.p.A., Wessington Cryogenics, ACME Cryogenics, Graham Partners, Honeywell International Inc., McDermott International Inc, Nikkiso Cryo Inc, and Sumitomo Heavy Industries Ltd.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global cryogenic equipment market size is expected to grow from $12.15 billion in 2021 to $13.01 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The cryogenic equipment market is expected to grow to $17.44 billion in 2026 at a CAGR of 7.6%.

Asia Pacific was the largest region in the cryogenic equipment market in 2021.

The cryogenic equipment market consists of the sale of cryogenic equipment by entities (organizations, sole traders, and partnerships) that are used in the production of very low-temperature materials or processes. The cryogenic equipment is designed to reach ultra-low temperatures ranging from -238 °F (-150° C, 123.2 K°) to absolute zero at a slow rate to prevent thermal shock to the components being treated. Cryogenic equipment is used in the storage and transportation of liquefied gases, preservation of food, cryosurgery, superconducting electromagnets, etc.

The increasing demand for liquified natural gas is expected to drive the cryogenic equipment market.

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Technological advancement has been a major trend in the cryogenic equipment market. Companies in cryogenic equipment are investing in developing new technologies to provide enhanced products to their customers.

TBRC’s global cryogenic equipment market report is segmented:
By Equipment: Tanks, Valves, Vaporizers, Pumps, Others

By Cryogen: Nitrogen, Argon, Oxygen, LNG, Hydrogen, Helium, Others

By Application: Storage, Transportation, Processing, Others

By End-User: Energy and Power, Chemicals, Metallurgy, Electronics, Shipping, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Cryogenic Equipment Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the cryogenic equipment market globally and regionally, analyzes and forecasts market size, share, cryogenic equipment market players, cryogenic equipment market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Industrial Nitrogen Global Market Report 2022

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Nitrogen Global Market Report 2022

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