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Cryogenic Equipment Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2030

09-23-2023 07:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Cryogenic Equipment Market Trends, Segmentation, Growth,

The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. With the significant rise in the demand for medical oxygen for the treatment of COVID-19 patients, a major hike in the demand for cryogenic tanks has been noticed across the globe. To meet the growing demand for cryogenic oxygen key market players of cryogenic equipment are adopting different growth strategies to maintain their competitiveness in the market. Geographical expansion, production facility expansion, mergers & acquisitions, partnerships, and collaboration among others are among some of the key strategies that are being adopted by market players.

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For instance, in April 2020, Linde Plc signed a new contract with Indian Oil Corp. Ltd. (IOCL), the largest refiner in India. Praxair India Pvt. Ltd., a wholly-owned subsidiary of Linde, announced to build, own and operate an air separation unit (ASU) to supply oxygen and nitrogen to its incumbent customer, IOCL, for its refinery at Paradip, Orissa. The project is anticipated to support the expansion of the existing refinery into an integrated petrochemical complex. The plant will have a combined total gas capacity of 660 tons per day.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Equipment

o By Cryogenic Type

o By End-User Vertical

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- CryoFab Inc., Emerson Electric Co., Herose GmbH, Honeywell International Inc., Linde PLC, and Thermo Fisher Scientific Inc.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Ike in the Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Cryogenic Equipment Market Report Segment

By Equipment

Tanks
Valves
Pumps & Vaporizers
Vacuum Jacketed Pipes

By Cryogenics Type

Oxygen
Nitrogen
Argon
Natural Gas

By End-User Vertical

Oil & Gas
Energy & Power
Food & Beverages
Medical & Healthcare
Chemical
Marine & Aerospace

A full report of Cryogenic Equipment Market is available at: https://www.omrglobal.com/industry-reports/cryogenic-equipment-market

Cryogenic Equipment Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Acme CRYOGENIC, Inc.
Air Products and Chemicals, Inc.
Beijing Tianhai Industry Co., Ltd.
Chart Industries
CryoFab, Inc.
Cryolor
Emerson Electric Co.
Flowserve Corp.
Furuise Europe
Herose GmbH
Honeywell International Inc.
INOX India Pvt. Ltd. (INOXCVA)
IWI Cryogenic Vaporization Systems (India) Pvt. Ltd.
Linde PLC
Parker-Hannifin Corp.

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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