Growth of Cryogenic Equipment Market Forecast to 2024 in a Newly Released Report Profiling Cryostar, Wessington Cryogenics, Linde Group, Praxair Technology, Air Liquide, Air Products and Chemicals, Beijing Tianhai Industry, Cryoquip, Graham Partners, Park

The newly released research at Market Study Report titled “2018-2024 Global Cryogenic Equipment Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Cryogenic Equipment Market is anticipated to surpass USD 25 billion by 2024.

The Cryogenic Equipment Market report 2018-2024 provides a comprehensive landscape of the industry, accurate market estimates and forecast split By Technology, By Vehicle Type, y Application and regions. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Cryogenic Equipment, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Cryogenic Equipment segment competitive environment, diving in to the industry position of each major company along with the strategic landscape.

Notable Cryogenic Equipment market players comprise Chart Industries, Emerson Electric Co, Cryofab, INOXCVA, Cryostar, Wessington Cryogenics, Linde Group, Praxair Technology, Air Liquide, Air Products and Chemicals, Beijing Tianhai Industry, Shell-n-Tube, Cryoquip, Graham Partners, HEROSE GmbH, Parker-Hannifin Corporation,Cryo Pacific, Technifab products, Cryogenic Equipment & Services.

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Cryopump market is anticipated to grow over 7% by 2024. Ongoing investments across power and oil & gas sector will accelerate the business growth. In addition, availability of wide variety of designs including refrigerator-cooled, supercritical helium-cooled, novel cryogenic pump and bath cryopumps to meet the growing customer requisites will fuel the product adoption.

Natural gas based cryogenic equipment market will witness growth on account of rising energy demand coupled with the product?s ability to produce various industrial gases including methane, hydrogen and helium. As per the IEA, natural gas demand could witness a steep growth of more than half by 2040 owing to its rising demand as fuel & feedstock from various industries. Moreover, shifting focus toward natural gas-based electricity generation owing to rising concerns toward GHG emissions will stimulate the cryogenic equipment market growth.

Healthcare cryogenic equipment market will expand on account of ongoing investment toward modernization and refurbishment of existing healthcare infrastructure. The industry is growing at a high pace on account of technological advancements in the medical equipment sector for the treatment of chronic diseases. In the U.S., spending toward health grew by 17% from 2013 to 2016, an increase of around USD 3 trillion.

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Cryogenic Equipment Market is anticipated to surpass USD 25 billion by 2024. Rising adoption of natural gas on account of introduction of regulations pertaining to reduction in carbon footprint coupled with rising investments toward the development of existing manufacturing facilities will drive the cryogenic equipment market growth. In addition, increased number of integrated gasification combined cycle and coal & gas to liquid projects will fuel the industry growth.

Robust investments in E&P ventures along with increasing consumption of natural gas across the industrial sector will complement the U.S. cryogenic equipment market growth. Furthermore, expansion of natural gas liquefication capacity will stimulate the industry growth in the country. According to the EIA, in 2017, U.S. natural gas consumption was estimated to be 7.9 million cubic feet across the industrial sector.

Nitrogen based cryogenic equipment market will witness growth on account of its extensive applications in oil & gas operations including EOR, injection & pressure testing, well stimulation, reservoir pressure maintenance, inert gas lift and nitrogen floods. Moreover, major use of gas in the start-up preparations and during plant maintenance shutdown of petrochemical & refinery industry will stimulate the product adoption.

Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Cryogenic Equipment Market Industry Insights
Chapter 4 Cryogenic Equipment Market, By Product
Chapter 5 Cryogenic Equipment Market, By Cryogen
Chapter 6 Cryogenic Equipment Market, By Application
Chapter 7 Cryogenic Equipment Market, By End-user
Chapter 8 Cryogenic Equipment Market, By Region
Chapter 9 Company Profile

More Details on this Report At: https://www.marketstudyreport.com/reports/cryogenic-equipment-market

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https://www.marketstudyreport.com/reports/united-states-lng-cryogenic-equipment-industry-market-analysis-forecast-2018-2023?utm_source=RR-AN

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