Cryogenic Equipment Market Insights and Growth by 2031
Cryogenic equipment are used in the production, storage as well as distribution of liquefied natural gas (LPG) and industrial gas. The cryotherapy is used in an effort to relieve muscle pain, sprains & swelling after soft tissue damage or surgery. It is also known as cold therapy which used at low temperature in medical therapy.
MARKET DYNAMICS
The cryogenic equipment market is expected to grow during the forecast period owing to the key driving factors such as rising population, rapid industrialization, increase global demand for energy and natural gas, growing need of respiratory healthcare due to increasing pollution, awareness related to respiratory disorder and others. In addition, various players in the emerging market have strong pipeline product and high potential which are anticipated to create several growth opportunities for the market during the forecast period.
MARKET SCOPE
The "Global Cryogenic Equipment Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of Cryogenic Equipment with detailed market segmentation by product, cryogen, and geography. The global cryogenic equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading the cryogenic equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cryogenic equipment market is segmented on the basis of product, cryogen and end user. Based on products, the market is segmented as tank, valve, vaporizer, pump and others. On the basis of cryogen, the global cryogenic equipment Market is segmented into nitrogen, oxygen, argon and LNG.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cryogenic equipment Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cryogenic equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cryogenic equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the cryogenic equipment market in these regions.
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cryogenic equipment Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cryogenic equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cryogenic equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the cryogenic equipment market in these regions.
MARKET PLAYERSThe reports cover key developments in the cryogenic equipment Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cryogenic equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for cryogenic equipment market in the global market. Below mentioned is the list of few companies engaged in the cryogenic equipment market.
The report also includes the profiles of key cryogenic equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Linde
- Air Liquide
- Chart Industries
- PARKER HANNIFIN CORP
- INOX India Limited
- Wessington Cryogenics
- Emerson Electric Co
- Cryofab
- Graham Partners
- Cryo Pure
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cryogenic Equipment Market - By Product
1.3.2 Cryogenic Equipment Market - By Cryogen
1.3.3 Cryogenic Equipment Market - By Region
1.3.3.1 by Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRYOGENIC EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CRYOGENIC EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CRYOGENIC EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. CRYOGENIC EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. CRYOGENIC EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CRYOGENIC EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. TANK
7.3.1. Overview
7.3.2. Tank Market Forecast and Analysis
7.4. VALVE
7.4.1. Overview
7.4.2. Valve Market Forecast and Analysis
7.5. VAPORIZER
7.5.1. Overview
7.5.2. Vaporizer Market Forecast and Analysis
7.6. PUMP
7.6.1. Overview
7.6.2. Pump Market Forecast and Analysis
7.6. Others
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. CRYOGENIC EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - CRYOGEN
8.1. OVERVIEW
8.2. CRYOGEN MARKET FORECASTS AND ANALYSIS
8.3. NITROGEN
8.3.1. Overview
8.3.2. Nitrogen Market Forecast and Analysis
8.4. OXYGEN
8.4.1. Overview
8.4.2. Oxygen Market Forecast and Analysis
8.5. ARGON
8.5.1. Overview
8.5.2. Argon Market Forecast and Analysis
8.6. LIQUEFIED NATURAL GAS (LNG)
8.6.1. Overview
8.6.2. Liquefied Natural Gas (LNG) Market Forecast and Analysis
9. CRYOGENIC EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cryogenic Equipment Market Overview
9.1.2 North America Cryogenic Equipment Market Forecasts and Analysis
9.1.3 North America Cryogenic Equipment Market Forecasts and Analysis - By Product
9.1.4 North America Cryogenic Equipment Market Forecasts and Analysis - By Cryogen
9.1.5 North America Cryogenic Equipment Market Forecasts and Analysis - By End-User
9.1.6 North America Cryogenic Equipment Market Forecasts and Analysis - By Countries
9.1.6.1 United States Cryogenic Equipment Market
9.1.6.1.1 United States Cryogenic Equipment Market by Product
9.1.6.1.2 United States Cryogenic Equipment Market by Cryogen
9.1.6.1.3 United States Cryogenic Equipment Market by End-User
9.1.6.2 Canada Cryogenic Equipment Market
9.1.6.2.1 Canada Cryogenic Equipment Market by Product
9.1.6.2.2 Canada Cryogenic Equipment Market by Cryogen
9.1.6.2.3 Canada Cryogenic Equipment Market by End-User
9.2. EUROPE
9.2.1 Europe Cryogenic Equipment Market Overview
9.2.2 Europe Cryogenic Equipment Market Forecasts and Analysis
9.2.3 Europe Cryogenic Equipment Market Forecasts and Analysis - By Product
9.2.4 Europe Cryogenic Equipment Market Forecasts and Analysis - By Cryogen
9.2.5 Europe Cryogenic Equipment Market Forecasts and Analysis - By End-User
9.2.6 Europe Cryogenic Equipment Market Forecasts and Analysis - By Countries
9.2.6.1 Germany Cryogenic Equipment Market
9.2.6.1.1 Germany Cryogenic Equipment Market by Product
9.2.6.1.2 Germany Cryogenic Equipment Market by Cryogen
9.2.6.1.3 Germany Cryogenic Equipment Market by End-User
9.2.6.2 France Cryogenic Equipment Market
9.2.6.2.1 France Cryogenic Equipment Market by Product
9.2.6.2.2 France Cryogenic Equipment Market by Cryogen
9.2.6.2.3 France Cryogenic Equipment Market by End-User
9.2.6.3 Italy Cryogenic Equipment Market
9.2.6.3.1 Italy Cryogenic Equipment Market by Product
9.2.6.3.2 Italy Cryogenic Equipment Market by Cryogen
9.2.6.3.3 Italy Cryogenic Equipment Market by End-User
9.2.6.4 Spain Cryogenic Equipment Market
9.2.6.4.1 Spain Cryogenic Equipment Market by Product
9.2.6.4.2 Spain Cryogenic Equipment Market by Cryogen
9.2.6.4.3 Spain Cryogenic Equipment Market by End-User
9.2.6.5 United Kingdom Cryogenic Equipment Market
9.2.6.5.1 United Kingdom Cryogenic Equipment Market by Product
9.2.6.5.2 United Kingdom Cryogenic Equipment Market by Cryogen
9.2.6.5.3 United Kingdom Cryogenic Equipment Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cryogenic Equipment Market Overview
9.3.2 Asia-Pacific Cryogenic Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Cryogenic Equipment Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cryogenic Equipment Market Forecasts and Analysis - By Cryogen
9.3.5 Asia-Pacific Cryogenic Equipment Market Forecasts and Analysis - By End-User
9.3.6 Asia-Pacific Cryogenic Equipment Market Forecasts and Analysis - By Countries
9.3.6.1 Australia Cryogenic Equipment Market
9.3.6.1.1 Australia Cryogenic Equipment Market by Product
9.3.6.1.2 Australia Cryogenic Equipment Market by Cryogen
9.3.6.1.3 Australia Cryogenic Equipment Market by End-User
9.3.6.2 China Cryogenic Equipment Market
9.3.6.2.1 China Cryogenic Equipment Market by Product
9.3.6.2.2 China Cryogenic Equipment Market by Cryogen
9.3.6.2.3 China Cryogenic Equipment Market by End-User
9.3.6.3 India Cryogenic Equipment Market
9.3.6.3.1 India Cryogenic Equipment Market by Product
9.3.6.3.2 India Cryogenic Equipment Market by Cryogen
9.3.6.3.3 India Cryogenic Equipment Market by End-User
9.3.6.4 Japan Cryogenic Equipment Market
9.3.6.4.1 Japan Cryogenic Equipment Market by Product
9.3.6.4.2 Japan Cryogenic Equipment Market by Cryogen
9.3.6.4.3 Japan Cryogenic Equipment Market by End-User
9.3.6.5 South Korea Cryogenic Equipment Market
9.3.6.5.1 South Korea Cryogenic Equipment Market by Product
9.3.6.5.2 South Korea Cryogenic Equipment Market by Cryogen
9.3.6.5.3 South Korea Cryogenic Equipment Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cryogenic Equipment Market Overview
9.4.2 Middle East and Africa Cryogenic Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Cryogenic Equipment Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cryogenic Equipment Market Forecasts and Analysis - By Cryogen
9.4.5 Middle East and Africa Cryogenic Equipment Market Forecasts and Analysis - By End-User
9.4.6 Middle East and Africa Cryogenic Equipment Market Forecasts and Analysis - By Countries
9.4.6.1 South Africa Cryogenic Equipment Market
9.4.6.1.1 South Africa Cryogenic Equipment Market by Product
9.4.6.1.2 South Africa Cryogenic Equipment Market by Cryogen
9.4.6.1.3 South Africa Cryogenic Equipment Market by End-User
9.4.6.2 Saudi Arabia Cryogenic Equipment Market
9.4.6.2.1 Saudi Arabia Cryogenic Equipment Market by Product
9.4.6.2.2 Saudi Arabia Cryogenic Equipment Market by Cryogen
9.4.6.2.3 Saudi Arabia Cryogenic Equipment Market by End-User
9.4.6.3 U.A.E Cryogenic Equipment Market
9.4.6.3.1 U.A.E Cryogenic Equipment Market by Product
9.4.6.3.2 U.A.E Cryogenic Equipment Market by Cryogen
9.4.6.3.3 U.A.E Cryogenic Equipment Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cryogenic Equipment Market Overview
9.5.2 South and Central America Cryogenic Equipment Market Forecasts and Analysis
9.5.3 South and Central America Cryogenic Equipment Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cryogenic Equipment Market Forecasts and Analysis - By Cryogen
9.5.5 South and Central America Cryogenic Equipment Market Forecasts and Analysis - By End-User
9.5.6 South and Central America Cryogenic Equipment Market Forecasts and Analysis - By Countries
9.5.6.1 Brazil Cryogenic Equipment Market
9.5.6.1.1 Brazil Cryogenic Equipment Market by Product
9.5.6.1.2 Brazil Cryogenic Equipment Market by Cryogen
9.5.6.1.3 Brazil Cryogenic Equipment Market by End-User
9.5.6.2 Argentina Cryogenic Equipment Market
9.5.6.2.1 Argentina Cryogenic Equipment Market by Product
9.5.6.2.2 Argentina Cryogenic Equipment Market by Cryogen
9.5.6.2.3 Argentina Cryogenic Equipment Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CRYOGENIC EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. LINDE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIR LIQUIDE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHART INDUSTRIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PARKER HANNIFIN CORP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INOX INDIA LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. WESSINGTON CRYOGENICS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EMERSON ELECTRIC CO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CRYOFAB
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. GRAHAM PARTNERS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CRYO PURE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Linde
2. Air Liquide
3. Chart Industries
4. PARKER HANNIFIN CORP
5. INOX India Limited
6. Wessington Cryogenics
7. Emerson Electric Co
8. Cryofab
9. Graham Partners
10. Cryo Pure
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For