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Global Cryogenic Equipment Market Size study, by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others) and Regional Forecasts 2020-2026


ID : 57681 Date : Jul 2020 Pages : 200 Pages Publisher : BRCLLP Industry : Machinery and Equipments




Global Cryogenic Equipment Market is valued approximately at USD 12 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2019-2026. Cryogenics refers to the study of production and behavior of materials at very low temperatures namely below – 150 degree Celsius. For this, the sector requires special sort of designed equipment which can generate, sustain and operate at such low temperatures. This equipment includes pressure vessels, containers, piping’s and more to handle and store materials like nitrogen and oxygen in their liquid form. Regular applications for cryogenic equipment include freezing and cooling, enhancing certain chemical reactions, biomedical and chemical storage, and metal processing. With the increasing application of Cryogenics, the demand in multiple end-use industries is increasing. Such as metallurgy, healthcare, energy and power, chemicals and others. Thus, driving the cryogenics equipment market growth. Rising attempts from government and private bodies to support the adoption of cleaner fuels such as natural gas for domestic and industrial applications also acts as a significant factor driving the market growth. The increasing investments in LNG infrastructure is expected to fuel the demand for Cryogenic Equipment as these are mainly utilized for LNG storage in LNG Liquefaction terminals and in the ships in the form of tankers. As per the International Gas Union, LNG trade in 2018 rose by 9.8% from its value in 2017. Moreover, to meet the growing demand for LNG tremendous investments for the infrastructure development create a widespread demand for equipment such as tanks, valves, heat exchangers and other cryogenic accessories. For Instance: in 2018 two new regasification terminals came online in Bangladesh and Panama. While in December 2019, Linde Company singed a master agreement with BP, the LNG technology Licensor for phase 2 and 3 of the greater Tortue Ahmeyim project. Furthermore, the advent of mobile cryogenics tanks has developed a surging trend in the industry. As these mobile cryogenics tanks in addition to maximum payload also allow efficient transportation of the liquified gases.

The regional analysis of global Cryogenic Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to rapidly developing energy and power technologies industry in the region. Further significant growth in the metallurgy, chemical manufacturing and food and beverage industries in the region specially in China develops high demand for cryogenic equipment in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing high pace of urbanisation and industrialization, the usage of cryogenic equipment has increased. Further, rising investments in the LNG infrastructure would create lucrative growth prospects for the Cryogenic Equipment market across Asia-Pacific region.

Major market player included in this report are:
Linde plc Ireland
Chart Industries US
Parker Hannifin US
Flowserve Corporation US
Air Products US
INOXCVA India
Taylor Wharton Japan
Cryofab US
Wessington UK
Herose GmbH Germany
Cryostar France
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Equipment:
Tanks
Valves
Vaporizers
Pumps
Others Others include all other cryogenic equipment such as Pipe, Regulator, Freezer, Dewar, Strainer, Sampler, Heat Exchangers, Leak Detection Equipment, and Accessories
By Cryogen:
Nitrogen
Argon
Oxygen
LNG
Others Helium, Nitrous Oxide, Hydrogen, and Carbon Dioxide
By End-User:
Energy & power
Chemicals
Metallurgy
Electronics
Shipping
Others Food & Beverage, Healthcare, Aerospace, and Rail Transport
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Cryogenic Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investor
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 USD Billion
1.2.1. Cryogenic Equipment Market, by Region, 2017-2026 USD Billion
1.2.2. Cryogenic Equipment Market, by Equipment, 2017-2026 USD Billion
1.2.3. Cryogenic Equipment Market, by Cryogen, 2017-2026 USD Billion
1.2.4. Cryogenic Equipment Market, by End-User, 2017-2026 USD Billion
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cryogenic Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cryogenic Equipment Market Dynamics
3.1. Cryogenic Equipment Market Impact Analysis 2018-2026
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Cryogenic Equipment Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model 2016-2026
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cryogenic Equipment Market, by Equipment
5.1. Market Snapshot
5.2. Global Cryogenic Equipment Market by Equipment, Performance - Potential Analysis
5.3. Global Cryogenic Equipment Market Estimates & Forecasts by Equipment 2016-2026 USD Billion
5.4. Cryogenic Equipment Market, Sub Segment Analysis
5.4.1. Tanks
5.4.2. Valves
5.4.3. Vaporizers
5.4.4. Pumps
5.4.5. Others
Chapter 6. Global Cryogenic Equipment Market, by Cryogen
6.1. Market Snapshot
6.2. Global Cryogenic Equipment Market by Cryogen, Performance - Potential Analysis
6.3. Global Cryogenic Equipment Market Estimates & Forecasts by Cryogen 2016-2026 USD Billion
6.4. Cryogenic Equipment Market, Sub Segment Analysis
6.4.1. Nitrogen
6.4.2. Argon
6.4.3. Oxygen
6.4.4. LNG
6.4.5. Others
Chapter 7. Global Cryogenic Equipment Market, by End-User
7.1. Market Snapshot
7.2. Global Cryogenic Equipment Market by End-User, Performance - Potential Analysis
7.3. Global Cryogenic Equipment Market Estimates & Forecasts by End-User 2016-2026 USD Billion
7.4. Cryogenic Equipment Market, Sub Segment Analysis
7.4.1. Energy & power
7.4.2. Chemicals
7.4.3. Metallurgy
7.4.4. Electronics
7.4.5. Shipping
7.4.6. Others
Chapter 8. Global Cryogenic Equipment Market, Regional Analysis
8.1. Cryogenic Equipment Market, Regional Market Snapshot
8.2. North America Cryogenic Equipment Market
8.2.1. U.S. Cryogenic Equipment Market
8.2.1.1. Equipment breakdown estimates & forecasts, 2016-2026
8.2.1.2. Cryogen breakdown estimates & forecasts, 2016-2026
8.2.1.3. End-User breakdown estimates & forecasts, 2016-2026
8.2.2. Canada Cryogenic Equipment Market
8.3. Europe Cryogenic Equipment Market Snapshot
8.3.1. U.K. Cryogenic Equipment Market
8.3.2. Germany Cryogenic Equipment Market
8.3.3. Rest of Europe Cryogenic Equipment Market
8.4. Asia-Pacific Cryogenic Equipment Market Snapshot
8.4.1. China Cryogenic Equipment Market
8.4.2. India Cryogenic Equipment Market
8.4.3. Japan Cryogenic Equipment Market
8.4.4. Rest of Asia Pacific Cryogenic Equipment Market
8.5. Latin America Cryogenic Equipment Market Snapshot
8.5.1. Brazil Cryogenic Equipment Market
8.5.2. Mexico Cryogenic Equipment Market
8.6. Rest of The World Cryogenic Equipment Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Linde plc Ireland
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial Subject to Data Availability
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Chart Industries US
9.2.3. Parker Hannifin US
9.2.4. Flowserve Corporation US
9.2.5. Air Products US
9.2.6. INOXCVA India
9.2.7. Taylor Wharton Japan
9.2.8. Cryofab US
9.2.9. Wessington UK
9.2.10. Herose GmbH Germany
9.2.11. Cryostar France
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
FIG 1. Global cryogenic equipment market, research methodology
FIG 2. Global cryogenic equipment market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global cryogenic equipment market, key trends 2018
FIG 5. Global cryogenic equipment market, growth prospects 2019-2026
FIG 6. Global cryogenic equipment market, porters 5 force model
FIG 7. Global cryogenic equipment market, pest analysis
FIG 8. Global cryogenic equipment market, value chain analysis
FIG 9. Global cryogenic equipment market by segment, 2016 & 2026 usd billion
FIG 10. Global cryogenic equipment market by segment, 2016 & 2026 usd billion
FIG 11. Global cryogenic equipment market by segment, 2016 & 2026 usd billion
FIG 12. Global cryogenic equipment market by segment, 2016 & 2026 usd billion
FIG 13. Global cryogenic equipment market by segment, 2016 & 2026 usd billion
FIG 14. Global cryogenic equipment market, regional snapshot 2016 & 2026
FIG 15. North america cryogenic equipment market 2016 & 2026 usd billion
FIG 16. Europe cryogenic equipment market 2016 & 2026 usd billion
FIG 17. Asia pacific cryogenic equipment market 2016 & 2026 usd billion
FIG 18. Latin america cryogenic equipment market 2016 & 2026 usd billion
FIG 19. Global cryogenic equipment market, company market share analysis 2018


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