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Global Cryocooler Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Cryogenic temperatures are reached by cooling an application using a mechanical refrigerator called a cryocooler. It is common to define cryogenic temperatures as being below 123 K, or -150°C or -238°F. At these temperatures, a number of physical phenomena begin to deviate from how they behave at room temperature and below, and new phenomena gain in importance. As a result, the discipline of cryogenics frequently necessitates the development of a completely new set of specialised abilities, operational constraints, and testing protocols. One of the distinctive features of cryogenics is the science and engineering needed to achieve cryogenic temperatures, in our case, producing cryogenic freezers known as cryocoolers. Cryocoolers are frequently used in defence applications, primarily to cool infrared focal planes.
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By geography, North America is projected to have the highest CAGR over the forecast period, owing to their widespread use in MRI systems, cryosurgery, proton treatment, and oxygen liquefaction in hospitals. The main research groups are devoted to the treatment of leukaemia, solid tumours, and lung cancer. The area is a major global producer of cutting-edge cancer treatments and swiftly developing technology, such as cryocooler gadgets. The cryocooler market in North America has grown as a result of the device's primary application in proton therapy for the treatment of cancer. Cryocoolers are generally employed in MRI scanners and other similar applications in the medical profession. To bring cutting-edge cryogenic cooling technologies to market, American government space organisations have invested a significant amount of money in research and development.
Some of the key players profiled in the Cryocooler Market include Sunpower Inc., Cobham PLC, Cryomech Inc., Sumitomo Heavy Industries Limited, RICOR, Chart Industries Inc., Advanced Research Systems Inc., Superconductor Technologies Inc., Stirling Cryogenics BV, Janis Research Company LLC, Northrop Grumman Corporation, Cobham Missions Systems Wimborne Limited, DH Industies BV, Brooks Automation Inc., Honeywell International Inc., Lockheed Martin Corporation, L3 Technologies, Air Liquide S.A. and INTERNATIONAL CRYOCOOLER CONFERENCE INC.
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