Global Cryogenic Equipment Market Size - Forecast to 2026

As per the research conducted by GME, the Global Cryogenic Equipment Market is estimated to be valued at USD 21.54 billion in 2021 and is projected to reach USD 30.21 billion by 2026 at a CAGR of 7%. The global market development will be fueled by continuous investments in expanding incumbent manufacturing facilities, as well as favorable government policies in developing countries. Additionally, higher FDI contributions in combination with growing domestic investments in the creation of new industrial plants will encourage product penetration.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Cryogenic Equipment Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/global-cryogenic-equipment-market-3306

By Product (Tanks, Valves, Pumps, Vaporizers, Vacuum Jacketed Pipes, Others), By Gas (Nitrogen, Oxygen, Argon, Natural Gas, Others), By Application (Distribution, Storage), By End-Use (Oil & Gas, Metallurgy, Electronics, Power & Energy, Food & Beverage, Chemical & Petrochemical, Healthcare, Marine, Aerospace, Others), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis; By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• The market will most certainly be boosted by governments' escalating utilization of natural gas and LNG to phase out or transition from coal-based energy to a greener type of energy.
• The tank product segment is foreseen to lead because it offers notably superior insulation.
• Expanded LNG trading is predicted to provide the natural gas segment with enormous development potential.
• The cryogenic equipment is used to create low-temperature storage environments for various gases.
• Due to the vast range of uses for refining and refueling, the oil & gas end-user segment is foreseen to predominate.
• The global market volume will be driven by the rising level of urbanization, industrialization, and burgeoning demands for LNG from the Asia-Pacific region.
• Chart Industries, Herose GmbH, Parker Hannifin, Linde Group, Flowserve Corporation, Emerson, Air Products, INOXCVA, Taylor Wharton, Cryofab, Wessington, ACME, Cryostar, Cryoquip, .and Cryogenic Systems Equipment, Inc., among others, are the core players in the market.

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Product Outlook (Revenue, USD Billion, 2021-2026)
• Tanks
• Valves
• Pumps
• Vaporizers
• Vacuum Jacketed Pipes
• Others

Gas Outlook (Revenue, USD Billion, 2021-2026)
• Nitrogen
• Oxygen
• Argon
• Natural Gas
• Others

Application Outlook (Revenue, USD Billion, 2021-2026)
• Distribution
• Storage

End-Use Outlook (Revenue, USD Billion, 2021-2026)
• Oil & Gas
• Metallurgy
• Electronics
• Power & Energy
• Food & Beverage
• Chemical & Petrochemical
• Healthcare
• Marine
• Aerospace
• Others

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

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