openPR Logo
Press release

Cryocooler Market – Comparative Analysis 2025 | Sunpower, Inc., Sumitomo Heavy Industries Ltd.

02-08-2019 06:30 AM CET | IT, New Media & Software

Press release from: TMR Research

Cryocooler Market – Comparative Analysis 2025 | Sunpower,

Global Cryocooler Market: Overview 

A cryocooler has the ability to cool its interior environment and the global cryocooler market has been witnessing a steady rise in demand, especially from developed economies. There are numerous types of cryocoolers currently in use: Brayton cryocoolers, Gifford-McMahon cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers, and pulse-tube cryocoolers. Among these, Stirling cryocoolers are likely to witness a steady increase in demand owing to the many advantages they present to varied application areas. These benefits include compact size, high efficiency, lower need for maintenance, and reduced weight. 

The many services provided by players in the cryocooler market include customer training, product repair and refurbishment, preventive maintenance, and technical support. As far as application is concerned, cryocoolers are being used in industries such as energy, research and development, military, medical, commercial, space, environmental, and transport. The military sector has been a key consumer of cryocoolers and has, as a result, emerged as a key contributor toward the growth of the global market. The medical sector is also a leading segment, wherein cryocoolers are used in a number of medical devices such as MRI machines, for organ storage, and for cryosurgery. 

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2141

Global Cryocooler Market: Key Trends 

The global cryocooler market is primarily driven by the rising demand for medical systems and a dearth of helium. The market is also propelled by the use of cryocoolers in microsatellites and space systems. Expanding defense budgets and rising investments in the defense technology are supporting the implementation of cryocoolers in the military sector. On the flip side, however, the market is likely to be hindered by the high cost of cryocoolers. In addition to this, the high consumption of power will prove to be a hindrance. 

Global Cryocooler Market: Market Potential 

Considering the immense potential this market presents, companies are partnering with government and research organizations in order to expand their operations. A case in point would be Ball Aerospace and Technologies Corporation, who was awarded the US$18 mn contract to design, test, and deliver a cryocooler for NASA. Developed by NASA’s Jet Propulsion Laboratory, the innovative cryocooler will be launched in 2018 and will be used in the Landsat-9 spacecraft to freeze the Space Telescope’s mid-infrared instrument (MIRI). 

Companies are also expanding their operations and end-use portfolios by shifting focus on new and emerging cryocooler markets and by offering a wider range of systems and services respectively. For instance, Japan-based Sumitomo Heavy Industries Ltd. recently expanded its business in China and set up a much larger facility in Shanghai. The firm also offers customers a number of value-added services and after-sales services. This has enabled it to strengthen its foothold in the cryocooler market. 

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2141

Global Cryocooler Market: Regional Outlook 

Regionally, the cryocooler market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America accounts for a significant share in the global market. While the use of cryocoolers in the medical sector is a key factor driving the North America market, the increasing use of these systems in the military sector is likely to offer potential for growth. In the medical industry, cryocoolers are used for proton therapy in treating cancer; in the military sector, they are being used for missile guidance and satellite monitoring. In November 2015, the USS Gerald R Ford - the U.S. Navy’s aircraft carrier - was installed using cryocooler technology. 

During the course of the forecast period, the Asia Pacific cryocooler market is slated to witness strong growth as well. This can be attributed to the rising usage of cryocoolers in space, medical, research and development, and military applications.

Companies mentioned in the report 

Advanced Research Systems, Inc., Sunpower, Inc., Sumitomo Heavy Industries Ltd., Cryomech, Inc., Chart Industries, Inc., DH Industries BV, Superconductor Technologies Inc., Janis Research Company LLC, and Brooks Automation Inc. are some of the leading players operating in the global cryocooler market. The vendor landscape of this market comprises hardware component manufacturers, prototype designers, and original equipment manufacturers (OEMs). Analysts have observed that a number of companies are focused on expanding their application portfolio into the energy and military sectors, recognizing the potential of cryocoolers here.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/cryocooler-market

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cryocooler Market – Comparative Analysis 2025 | Sunpower, Inc., Sumitomo Heavy Industries Ltd. here

News-ID: 1570929 • Views: 618

More Releases from TMR Research

Nut Oils and Butters Market to Register Unwavering Growth During 2028
Nut Oils and Butters Market: Snapshot Over the past few years, nut oils and butters have gained immense popularity with the demand for tasty food products that pack loads of nutrients. In part the popularity is driven by the rising demand for plant-based butters and oils in health-conscious populations. Changing food habits have fueled the integration of plant-based oils and butters in regular diet in various parts of the world. This
Isomalt Market Projected to Witness Vigorous Expansion by 2028
Global Isomalt Market: Snapshot Isomalt, a sugar substitute, has an attractive sweetness profile. The low-hygroscopic substance can be combined with high-intensity sweetener such as sucralose to achieve a sweetener profile tailored to the need of end-use products. For instance, isomalt has gathered steam in cake decoration. The key reason for this that isomalt doesn’t caramelize due to heat unlike normal sugar. Further, it can be molded in various shapes and can
White Chocolate Market Expected to Expand at a High CAGR By End of 2025
Global White Chocolate Market: Snapshot The market for white chocolate is expanding as a result of its application wherever this lighter derivative is more useful than those siblings that contain cocoa solids. Considered among the most fragile forms of chocolate that requires close attention while heating and its deliciousness and authenticity, the demand for white chocolate is anticipated to expand consistently in the near future. Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3266 The
Synthetic Food Market to Witness Widespread Expansion During 2025
Global Synthetic Food Market: Overview Synthetic food refer to any variety of consumable that are produced with the help of biotechnological methods from a set of nutritive substances, such as fats, vitamins, proteins or their components, and trace elements. The end result of these processes is a product that imitates natural foods by the recreation of color, flavor, appearance, nutritional value, and palatability. The concept of these food products may seem

All 5 Releases


More Releases for Cryocooler

Cryocooler Market worth $3.1 billion by 2025
The report "Cryocooler Market with COVID-19 Impact and Analysis by Type (GM, PT, JT, Stirling, Brayton), Offering (Hardware, Services), Heat Exchanger (Recuperative, Regenerative) Operating Cycle (Open,Closed loop), Application, and Geography - Global Forecast to 2025", is expected to grow to USD 3.1 billion by 2025 from an estimated USD 2.3 billion in 2020, at a CAGR of 6% during 2020-2025 period. The rising adoption of cryocoolers in semiconductor industry, superconducting
Cryocooler Market Analysis & Trends to 2025 | Sumitomo Heavy Industries Limited
Global Cryocooler Market Overview: The latest report on the Global Cryocooler Market suggests a positive growth rate in the coming years. Analysts have studied the historical data and compared it with the current market scenario to determine the trajectory this market will take in the coming years. The investigative approach taken to understand the various aspects of the market is aimed at giving the readers a holistic view of the Global
Cryocooler Market - Comparable Statistics On Competitors 2025
Global Cryocooler Market: Overview A cryocooler has the ability to cool its interior environment and the global cryocooler market has been witnessing a steady rise in demand, especially from developed economies. There are numerous types of cryocoolers currently in use: Brayton cryocoolers, Gifford-McMahon cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers, and pulse-tube cryocoolers. Among these, Stirling cryocoolers are likely to witness a steady increase in demand owing to the many advantages
Cryocooler Market Fragmented by 2025
Global Cryocooler Market: Overview A cryocooler has the ability to cool its interior environment and the global cryocooler market has been witnessing a steady rise in demand, especially from developed economies. There are numerous types of cryocoolers currently in use: Brayton cryocoolers, Gifford-McMahon cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers, and pulse-tube cryocoolers. Among these, Stirling cryocoolers are likely to witness a steady increase in demand owing to the many advantages
Cryocooler Market: Technological breakthroughs By 2027
Cryocooler is a device which is used for providing active cooling at a cryogenic temperature of around -150 degrees Celsius. Cryocooler follows some thermodynamics techniques which are utilized at the time of cryocooling. The average capacity of cryocooler is around 100W, while a cryoplant has a capacity of 500W. Cryogenic fluids such helium and nitrogen are used for cryocooling. The capability of a cryocooler to cools its internal environment completely depend
Cryocooler Market - Value Chain Analysis & Forecast 2017 - 2025
Global Cryocooler Market: Overview A cryocooler has the ability to cool its interior environment and the global cryocooler market has been witnessing a steady rise in demand, especially from developed economies. There are numerous types of cryocoolers currently in use: Brayton cryocoolers, Gifford-McMahon cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers, and pulse-tube cryocoolers. Among these, Stirling cryocoolers are likely to witness a steady increase in demand owing to the many advantages