Cryogenic Equipment Market: Rapid Growth and Key Research Insights
The global cryogenic equipment market is projected to reach $16.6 billion in 2028, growing at a CAGR of 6.9% from 2023 to 2028, according to MarketsandMarkets research.
The rising adoption of liquefied natural gas (LNG) as a clean and efficient energy source, along with the increasing use of industrial gases in metallurgy, oil & gas, and energy & power sectors, is fueling the expansion...
Cryogenic Equipment Market Trends to Watch Through 2028
New Revenue Pockets:
The global cryogenic equipment market is projected to reach USD 16.6 billion by 2028 from an estimated USD 11.9 billion in 2023, at a CAGR of 6.9% during the forecast period. The global transition to clean energy sources represents a significant driver for the heightened demand for cryogenic equipment.
Key Market Players
Prominent companies in this market include as Linde...
Cryogenic Equipment Market Size to Grow $16.6 billion by 2028
According to a research report “Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-user Industry (Energy & Power, Chemical, Metallurgy, Transportation), System Type, Application & Region – Forecast to 2028″ published by MarketsandMarkets, the global cryogenic equipment market is projected to reach...
Cryogenic Equipment Market to Grow $17.4 billion by 2027
According to a research report “Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region – Global forecast to 2027″ published by MarketsandMarkets, the global cryogenic equipment market is projected...
Cryogenic Equipment Market is Likely to Witness High Growth During the Forecast Period
Global Cryogenic Equipment Market Scenario:
The global cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Rising demand for LNG across regions is creating demand opportunities for cryogenic equipment. Also, the increasing number of air separation units projects are driving the cryogenic...
Increasing Demand for Industrial Gases and Investments in LNG Infrastructure is Driving the Cryogenic Equipment Market
The cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Increasing demand for industrial gases and investments in LNG infrastructure is driving the cryogenic equipment market. Moreover, the increasing demand for industrial gases from cryogenic energy storage and cryoelectronics...
Global Cryogenic Equipment Market worth $17.1 Billion by 2017
The report, “Cryogenic Equipment Market , by Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) – Global Trends & Forecasts up to 2017″ defines and segments the global cryogenic equipment market with analysis and forecasting of the revenue generated by cryogenic equipments such as tanks, valves, vaporizers, pumps,...