DUBLIN--(BUSINESS WIRE )--The "Cryogenic Equipment - Global Market Outlook (2016-2022)" report has been added to Research and Markets' offering.
Global Cryogenic Equipment market is expected to reach $24.98 billion by 2022 growing at a CAGR of 7.23%
Rising adoption of cryogenic gases in end user applications, increasing demand for power and energy are some of the factors fueling the market. However, cryogen leakage is one of the key challenges to the market growth.
Natural Gas segment accounted for the largest share in the market during the forecast period owing to supportive government initiatives. Oxygen gas is expected to register the highest CAGR during the forecast period. The growth is attributed to its applications in end user industries. Asia Pacific accounted for the largest share in the market owing to large investments in energy sector. Moreover, Europe is estimated to register the highest CAGR.
5 Global Cryogenic Equipment Market, By Application
6 Global Cryogenic Equipment Market, By Product Type
7 Global Cryogenic Equipment Market, By End User
8 Global Cryogenic Equipment Market, By Cryogen Type
9 Global Cryogenic Equipment Market, By Geography
For more information about this report visit https://www.researchandmarkets.com/research/5dhpr9/cryogenic
Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Laboratory Equipment
Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Laboratory Equipment