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Cryogenic Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Global Cryogenic Equipment Market Report by The Business Research Company covers market size, drivers, restraints, key players, and the impact of COVID-19.

LONDON, GREATER LONDON, UK, August 16, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Cryogenic Equipment Global Market Report 2022”, the cryogenic equipment market is expected to grow from $12.15 billion in 2021 to $13.01 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The cryogenic equipment market share is expected to grow to $17.44 billion in 2026 at a CAGR of 7.6%. The increasing demand for liquified natural gas is expected to drive the cryogenic equipment market.

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Key Trends In The Cryogenic Equipment Market As per the cryogenic equipment industry forecast, technological advancement has been gaining popularity in the cryogenic equipment market trends. Companies in cryogenic equipment are investing in developing new technologies to provide enhanced products to their customers. For instance, in June 2020, Cytiva, a US-based biopharma company, developed and optimized the first liquid nitrogen-free cryogenic shipment technology for the shipment of cellular treatments and cryopreserved apheresis. The VIA Capsule system, designed by cryobiologists, consists of a Stirling cryocooler that cools the shipper unit before shipment and provides extended temporary cryogenic storage when attached to a power supply. When detached from its power supply, its internal thermal core provides five days of passive standby, with an LCD interface displaying the time remaining at cryogenic temperature and the current temperature of the shipment.

Overview Of The Cryogenic Equipment Market The cryogenic equipment market research report covers the sale of cryogenic equipment by entities (organizations, sole traders, and partnerships) that are used in the production of very low-temperature materials or processes. The cryogenic equipment is designed to reach ultra-low temperatures ranging from -238 °F (-150° C, 123.2 K°) to absolute zero at a slow rate to prevent thermal shock to the components being treated. Cryogenic equipment is used in the storage and transportation of liquefied gases, preservation of food, cryosurgery, superconducting electromagnets, etc.

Learn more on the global cryogenic equipment market report at: https://www.thebusinessresearchcompany.com/report/cryogenic-equipment-global-market-report

Cryogenic Equipment Global Market Report 2022 from TBRC covers the following information: Market Size Data • Forecast period: Historical and Future • By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa. • By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Market Segmentation • By Equipment: Tanks, Valves, Vaporizers, Pumps, Others • By Cryogen: Nitrogen, Argon, Oxygen, LNG, Hydrogen, Helium, Others • By Application: Storage, Transportation, Processing, Others • By End-User: Energy and Power, Chemicals, Metallurgy, Electronics, Shipping, Others • By Geography: The global cryogenic equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.

Major market players such as Air Liquide, Beijing Tianhai Industry Co.Ltd, Chart Industries Inc., Emerson Electric Co., Flowserve Corporation, Herose GmbH, INOXCVA, Linde plc, Taylor Wharton, VRV S.p.A., Wessington Cryogenics, ACME Cryogenics, Graham Partners, Honeywell International Inc., McDermott International Inc, Nikkiso Cryo Inc, and Sumitomo Heavy Industries Ltd.

Trends, opportunities, strategies and so much more.

Cryogenic Equipment Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of cryogenic equipment market. The market report analyzes cryogenic equipment global market size, cryogenic equipment global market growth drivers, cryogenic equipment global market segments, cryogenic equipment global market major players, cryogenic equipment global market growth across geographies, and cryogenic equipment market competitors’ revenues and market positioning. The cryogenic equipment market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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About The Business Research Company? The Business Research Company has published over 3000 industry reports, covering over 3000 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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