Cryogenic Equipment Market - Overview
The market
for Cryogenic Equipment has been increasing due to an increased investment in
the power and energy sector in the emerging economies along with rapid
industrialization which induces the market for Cryogenic equipment. This is
backed by the global growth of food & beverage sector with high dependency
on frozen food which accelerates the demand for Cryogenic equipment used in
processes like freezing and chilling. The Cryogenic Equipment Market is
expected reach US$ XX Million at the end of the forecasted period and is
expected to grow at CAGR of X.X% from 2016 to 2027.
The report
for Cryogenic Equipment Market of Market Research Future comprises of extensive
primary research along with the detailed analysis of qualitative as well as
quantitative aspects by various industry experts, key opinion leaders to gain
the deeper insight of the market and industry performance. The report gives the
clear picture of current market scenario which includes historical and
projected market size in terms of value and volume, technological advancement,
macro economical and governing factors in the market.
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Industry Segmentation
Cryogenic
Equipment Market is segmented on the basis of end-users, components, and
cryogen. On the basis of end-users the
market is segmented as chemical, oil & gas, electronics, food &
beverages, pharmaceutical, healthcare, shipping, mining & metallurgy, and
others. The market has been categorized on the basis of components into valve,
tank, pump & vaporizer and others. On the basis of cryogen used, the market
has been segmented as oxygen, nitrogen, argon and others.
Regional Analysis of Cryogenic
Equipment Market
Asia-Pacific
dominates the Cryogenic Equipment Market with its fast growing market
worldwide. It will expand at a CAGR XX% over the forecast period. It is
followed by North America which is expected to grow rapidly over $XX million by
2027.
Key Players
The key
players of Cryogenic Equipment Market report include Linde Group AG, Air
Liquide, Beijing Tianhai Industry Co., Ltd., Cryoquip Llc., Taylor-Wharton
International Llc., VRV S.P.A., Flowserve Corporation, Parker Hannifin, Inox
India Ltd., and Wessington Cryogenics Ltd.
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