According to Stratistics MRC, the Global Cryogenic Equipment Market is accounted for $11.69 billion in 2021 and is expected to reach $21.11 billion by 2028 growing at a CAGR of 8.8% during the forecast period.
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Cryogenic equipment is deployed in very low-temperature materials or processes. A cryogenic tank is usually used to store cryogenic gases such as liquid oxygen, carbon dioxide, argon, nitrogen, and methane. Cryogenic equipment is mostly used in the oil & gas industry for transportation and storage of Liquefied Natural Gas (LNG) and industrial gases in industrial operations.
Some of the key players profiled in the Cryogenic Equipment Market include Wessington Cryogenics, Taylor-Wharton, Sulzer Ltd, Air Liquide, Shell-n-Tube, PHPK Technologies, Air Products Inc, Nikkiso Co., Linde plc, INOX India Pvt Ltd, Flowserve Corporation, Chart Industries, Emerson Electric Co., Cryofab, Beijing Tianhai Cryogenic Equipment Co., Ltd., Fives SAS, PARKER HANNIFIN CORP, Acme Cryo and SHI Cryogenics Group.
Cryogens Covered:
• Oxygen
• Nitrogen
• Liquefied Natural Gas (LNG)
• Hydrogen
• Helium
• Argon
System Types Covered:
• Supply Systems
• Storage System
• Handling System
Equipments Covered:
• Vaporizers
• Bayonet Connection
• Tanks
• Vacuum Jacketed Piping (VJP)
• Pumps
• Valves
• Actuator
• Other Equipments
Applications Covered:
• Distribution
• Storage
• Regasification
• Processing
• Liquefaction
End Users Covered:
• Transportation
• Shipping
• Rubber & Plastics
• Oil & Gas
• Metallurgy
• Food and Beverages
• Energy & Power
• Electronics
• Chemical & Petrochemical
• Marine and Aerospace
• Biomedical and Healthcare
• Agriculture, Forestry & Fishing
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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