Cryogenic Equipment Market Detail Analysis focusing on Key Players like INOXCVA, Wessington Cryogenics, Emerson Electric, Air Liquide, Linde Group, Cryostar, Air Products and Chemicals, Ebara, Graham Partners, Praxair Technology, Nikisso Cryo and Technifa

The ‘Cryogenic Equipment market’ study composed by Market Study Report, LLC, exhibits a comprehensive analysis of the growth trends present in the global business scenario. The study further presents conclusive data referring to the commercialization aspects, industry size and profit estimation of the market. The study also illustrates the competitive standing of leading manufacturers in the projection timeline whilst incorporating their diverse portfolio and regional expansion endeavors.

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.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1255507/?utm_source=openpr.com&utm_medium=Deepak

Eminent industry players across the cryogenic equipment market includes INOXCVA, Wessington Cryogenics, Emerson Electric, Air Liquide, Linde Group, Cryostar, Air Products and Chemicals, Ebara, Graham Partners, Praxair Technology, Nikisso Cryo and Technifab Products.

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.

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.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1255507/?utm_source=openpr.com&utm_medium=Deepak

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.

More Details on this ReporT: https://www.marketstudyreport.com/reports/cryogenic-equipment-market/?utm_source=openpr.com&utm_medium=Deepak

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: www.marketstudyreport.com
Blog: www.marketstudyreport.com/blog

This release was published on openPR.