Cryogenic Equipment Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2030
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.To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/cryogenic-equipment-market
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.
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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
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