Cryogenic Equipment Market research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Cryogenic Equipment Market report 2016-2020 focuses on the major drivers and restraints for the key players. The Cryogenic Equipment market research report is a professional and in-depth study on the current state of Cryogenic Equipment Industry.
Analysts forecast the global Cryogenic Equipment market to grow at a CAGR of 6.05% during the period 2016-2020.
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The research report covers the present scenario and the growth prospects of the global Cryogenic Equipment industry for 2016-2020.
Cryogenic technology involves production, maintenance, and application of low temperatures below 150⁰F. This technology has increased its scope of application from cold storage to core processes in various end-user industries. The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.
Cryogenic Equipment Market Segmentation by End-User:
• Market in petrochemical and chemical industries
• Market in metallurgy industry
• Market in power industry
• Market in electronics industry
Key Vendors of Cryogenic Equipment Market:
• Chart Industries
• Wessington Cryogenics
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The Cryogenic Equipment market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Cryogenic Equipment market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Cryogenic Equipment Market Driver:
• Recovery of stalled projects in India
• Growing applications in life sciences
• Natural gas set to surpass coal in primary energy mix in coal-dominant economies
• Increased demand for nitrogen from food processing industry
Cryogenic Equipment Market Challenge:
• Slowdown in steel industry
• Declining demand for LNG from South Korea and Japan
• Operational issues in LNG plants
Cryogenic Equipment Market Trend:
• Technological advances enhance scope of cryogenics
• Commercialization of HTS cables
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Geographical Segmentation of Cryogenic Equipment Market:
The report provides a basic overview of the Cryogenic Equipment industry including definitions, segmentation, applications, key vendors, market drivers and market challenges. The Cryogenic Equipment market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Cryogenic Equipment market including capacity, production, production value, cost/profit, supply/demand and import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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