Cryogenic Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The cryogenic equipment market is experiencing significant growth due to advancements in technology and the increasing focus on renewable energy sources.The cryogenic equipment market is poised for significant growth, projected to reach $25.26 billion in 2024 and $39.03 billion by 2031, with a compound annual growth rate (CAGR) of 6.40%. This market encompasses a wide range of products, including tanks, valves, pumps, vaporizers, and vacuum jacketed piping. The growing demand for clean energy, particularly in industries such as healthcare, oil and gas, and metallurgy, is a key driver for the cryogenic equipment industry. In addition to this, the rising use of cryogenics-based energy storage systems is expected to further fuel market expansion, especially as green technology becomes more prominent.

Key Commercial Drivers for Cryogenic Equipment

The healthcare sector is one of the primary drivers of growth in the cryogenic equipment market. The advancement of cryo chiller technology has led to increased sales of cryogenic equipment, as it is used in the preservation of biological samples such as human tissue, oocytes, and muscle. Additionally, cryogenic storage containers are used to rapidly freeze vaccines, contributing to the market's growth.

Another key commercial driver is the growing popularity of cryogenic gases for satellite and space missions. The inert nature of these gases makes them ideal for preserving samples from space. Furthermore, as coal reserves continue to deplete, there is a growing shift towards LNG-based power plants, which are considered a cleaner source of energy. This shift is expected to create extensive marketing opportunities for cryogenic equipment.

Future Outlook for Cryogenic Equipment Market Players

The global cryogenic equipment market is poised for significant growth, particularly in the area of Nitrogen Dewar tanks. These tanks have played a crucial role in strengthening industrial infrastructure and distribution networks. The rising consumption of shell gas-fired power plants, driven by increased awareness of renewable energy sources, is expected to contribute to the market's expansion.

In addition to the energy sector, the food and beverage industry is expected to see rapid growth in the adoption of cryogenic equipment. The increasing demand for frozen foods has led to a rise in the use of bulk liquid nitrogen storage tanks for storage and transportation purposes. This trend is anticipated to drive the growth of the cryogenic equipment market.

Category-wise Insights

The cryogenic tank segment has been a dominant force in the market, accounting for a significant portion of total sales. This segment's growth is driven by the need to preserve gases for various industrial processes. Cryogenic tanks offer greater insulation, longer durability, and reduced maintenance compared to traditional cooling systems, making them a preferred choice across industries.

Cryogen safety valves are another crucial product in this market. These valves are widely used in gas-producing facilities, cargo systems, receiving terminals, and liquefaction plants for natural gas. The growing use of LNG evaporators in base-load and peak shaving regasification facilities is expected to drive the demand for cryogenic safety valves in various end-use industries.

Most Preferred Cryogen in the Market

Among the different cryogens available, Liquefied Natural Gas (LNG) has emerged as the dominant category. The increasing demand for LNG in emerging economies has played a significant role in driving the growth of this segment. Ongoing advancements in LNG storage technology are expected to further bolster the growth of the cryogenic equipment market.

The nitrogen sector is also expected to see considerable growth due to its wide range of applications in the pharmaceutical industry. Nitrogen is used in the packaging of medications and the freezing of biological samples such as blood. Additionally, the expanding metal processing industry is expected to increase the demand for liquid oxygen, which is used in cast iron furnace blasts and helps reduce exhaust gas emissions.

Application-wise Insights

By application, the storage segment has been the largest contributor to the cryogenic equipment market. This segment is expected to continue its dominance, driven by increased government spending on gas generation and the growing use of cryogenic equipment in the maritime sector.

The distribution segment is also anticipated to witness substantial growth. The rising demand for liquid nitrogen and oxygen in industries such as food and beverage, oil and gas, and healthcare has led to an increased need for portable cryogenic tanks. These tanks are widely used for the transportation and delivery of cryogenic gases, further driving the growth of this segment.

End-User Insights

In terms of end users, the metallurgical sector has been a major contributor to the cryogenic equipment market. Cryogenic equipment, particularly liquid nitrogen storage containers, is widely used in various metallurgical processes such as annealing, neutral hardening, sintering, and cyanidation. The growing demand for technical gases in the metallurgy sector is expected to fuel the growth of this segment.

The energy and electricity sector is another key end-user segment expected to experience steady growth. The expansion of industries such as space exploration, marine, and chemicals is anticipated to drive the demand for cryogenic vacuum pumps and other related equipment.

Regional Insights

North America

North America has been the largest market for cryogenic equipment, with the United States playing a significant role in its growth. The dynamic economy of the region, driven by increasing construction activities and natural gas resource issues, is expected to contribute to the continued expansion of the cryogenic equipment market. The growing use of cryogenic products is anticipated to meet regulatory requirements for energy-efficient components, further boosting the market.

Europe

In Europe, the demand for industrial preservation techniques is expected to rise rapidly due to the increasing occurrences of forest and urban fires. Countries in this region have shown a strong preference for liquid nitrogen freezers, and this trend is expected to continue. Germany, in particular, is expected to be a lucrative market due to its strong industrial base and growing economy. Spain is also projected to expand its industries and boost its regional market for cryogenic equipment.

Asia-Pacific

The Asia-Pacific region holds the largest market share for cryogenic equipment, driven by the easy availability of raw materials, growing industrial demand, and affordable labor. South Korea, in particular, is expected to be a thriving market due to rising energy consumption and advancements in industries such as space exploration, healthcare, and chemicals. The region is also a major importer and exporter of liquid nitrogen storage tanks, presenting significant opportunities for market players in South Korea.

Japan, the largest LNG importer globally, is another key market in the Asia-Pacific region. The country's focus on reducing carbon emissions and increasing the production of renewable energy is expected to drive the demand for cryogenic storage tanks. Japan's investment in LNG infrastructure development is also expected to have a positive impact on the cryogenic equipment market.

Competitive Analysis

The cryogenic equipment market is highly competitive, with manufacturers employing various strategies to maintain market dominance. These strategies include acquisitions, partnerships, joint ventures, and regional expansions. Companies are also focused on developing innovative products to meet the evolving technical needs of end-use industries.

For example, Charts Industries Inc. acquired the Industrial Air-X-Changers business, a company specializing in air-cooled heating systems for the shale gas, refining, and petrochemical industries. This acquisition is expected to strengthen the company's position in the cryogenic equipment market.

Key Companies Profiled

Chart Industries Inc.
Linde plc
Herose GmbH
Nikkiso Co. Ltd.
Wessington Cryogenics
Braunschweiger Flammenfilter GmbH
Standex International
INOX India Ltd.
Air Liquide SA
Premier Cryogenics Ltd.
Lapesa Grupo Empresarial s.l
Galileo Technologies S.A.
MAN Energy Solutions SE
Cryolor SA
SAS Cryo Pur
Ulvac Technologies, Inc.

Key Segments Covered in the Cryogenic Equipment Industry Report

Cryogenic Equipment Industry by Product Type

Tanks
Valves
Pumps & Vaporizers
Vacuum Jacketed Piping
Others

Cryogenic Equipment Industry by Cryogen

Nitrogen
Oxygen
Argon
Liquefied Natural Gas
Others

Cryogenic Equipment Industry by Application

Distribution
Storage

Cryogenic Equipment Industry by End User

Oil & Gas
Metallurgy
Automotive
Food & Beverage
Chemical
Other

Cryogenic Equipment Industry by Region

North America Market
Europe Market
Asia-Pacific Market
Middle East & Africa Market
South America Market

1. Executive Summary

1.1. Global Cryogenic Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Cryogenic Equipment Market Outlook, 2019 - 2031

3.1. Global Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Tanks
  - 3.1.1.2. Valves
  - 3.1.1.3. Pumps & Vaporizers
  - 3.1.1.4. Vacuum Jacketed Piping
  - 3.1.1.5. Others
3.2. Global Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Nitrogen
  - 3.2.1.2. Oxygen
  - 3.2.1.3. Argon
  - 3.2.1.4. Liquefied Natural Gas
  - 3.2.1.5. Others
3.3. Global Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Distribution
  - 3.3.1.2. Storage
3.4. Global Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 3.4.1. Key Highlights
  - 3.4.1.1. Oil & Gas
  - 3.4.1.2. Metallurgy
  - 3.4.1.3. Automotive
  - 3.4.1.4. Food & Beverage
  - 3.4.1.5. Chemical
  - 3.4.1.6. Other
3.5. Global Cryogenic Equipment Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
- 3.5.1. Key Highlights
  - 3.5.1.1. North America
  - 3.5.1.2. Europe
  - 3.5.1.3. Asia Pacific
  - 3.5.1.4. Latin America
  - 3.5.1.5. Middle East & Africa

4. North America Cryogenic Equipment Market Outlook, 2019 - 2031

4.1. North America Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Tanks
  - 4.1.1.2. Valves
  - 4.1.1.3. Pumps & Vaporizers
  - 4.1.1.4. Vacuum Jacketed Piping
  - 4.1.1.5. Others
4.2. North America Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Nitrogen
  - 4.2.1.2. Oxygen
  - 4.2.1.3. Argon
  - 4.2.1.4. Liquefied Natural Gas
  - 4.2.1.5. Others
4.3. North America Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Distribution
  - 4.3.1.2. Storage
4.4. North America Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. Oil & Gas
  - 4.4.1.2. Metallurgy
  - 4.4.1.3. Automotive
  - 4.4.1.4. Food & Beverage
  - 4.4.1.5. Chemical
  - 4.4.1.6. Other
- 4.4.2. BPS Analysis/Market Attractiveness Analysis
4.5. North America Cryogenic Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 4.5.1. Key Highlights
  - 4.5.1.1. U.S. Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 4.5.1.2. U.S. Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 4.5.1.3. U.S. Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 4.5.1.4. U.S. Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 4.5.1.5. Canada Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 4.5.1.6. Canada Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 4.5.1.7. Canada Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 4.5.1.8. Canada Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
- 4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Cryogenic Equipment Market Outlook, 2019 - 2031

5.1. Europe Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Tanks
  - 5.1.1.2. Valves
  - 5.1.1.3. Pumps & Vaporizers
  - 5.1.1.4. Vacuum Jacketed Piping
  - 5.1.1.5. Others
5.2. Europe Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Nitrogen
  - 5.2.1.2. Oxygen
  - 5.2.1.3. Argon
  - 5.2.1.4. Liquefied Natural Gas
  - 5.2.1.5. Others
5.3. Europe Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Distribution
  - 5.3.1.2. Storage
5.4. Europe Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Oil & Gas
  - 5.4.1.2. Metallurgy
  - 5.4.1.3. Automotive
  - 5.4.1.4. Food & Beverage
  - 5.4.1.5. Chemical
  - 5.4.1.6. Other
- 5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Cryogenic Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 5.5.1. Key Highlights
  - 5.5.1.1. Germany Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.2. Germany Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.3. Germany Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.4. Germany Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.5. U.K. Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.6. U.K. Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.7. U.K. Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.8. U.K. Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.9. France Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.10. France Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.11. France Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.12. France Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.13. Italy Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.14. Italy Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.15. Italy Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.16. Italy Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.17. Turkey Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.18. Turkey Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.19. Turkey Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.20. Turkey Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.21. Russia Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.22. Russia Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.23. Russia Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.24. Russia Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 5.5.1.25. Rest of Europe Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 5.5.1.26. Rest of Europe Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 5.5.1.27. Rest of Europe Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 5.5.1.28. Rest of Europe Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
- 5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Cryogenic Equipment Market Outlook, 2019 - 2031

6.1. Asia Pacific Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Tanks
  - 6.1.1.2. Valves
  - 6.1.1.3. Pumps & Vaporizers
  - 6.1.1.4. Vacuum Jacketed Piping
  - 6.1.1.5. Others
6.2. Asia Pacific Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Nitrogen
  - 6.2.1.2. Oxygen
  - 6.2.1.3. Argon
  - 6.2.1.4. Liquefied Natural Gas
  - 6.2.1.5. Others
6.3. Asia Pacific Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Distribution
  - 6.3.1.2. Storage
6.4. Asia Pacific Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. Oil & Gas
  - 6.4.1.2. Metallurgy
  - 6.4.1.3. Automotive
  - 6.4.1.4. Food & Beverage
  - 6.4.1.5. Chemical
  - 6.4.1.6. Other
- 6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Cryogenic Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 6.5.1. Key Highlights
  - 6.5.1.1. China Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.2. China Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.3. China Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.4. China Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 6.5.1.5. Japan Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.6. Japan Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.7. Japan Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.8. Japan Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 6.5.1.9. South Korea Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.10. South Korea Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.11. South Korea Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.12. South Korea Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 6.5.1.13. India Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.14. India Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.15. India Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.16. India Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 6.5.1.17. Southeast Asia Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.18. Southeast Asia Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.19. Southeast Asia Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.20. Southeast Asia Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 6.5.1.21. Rest of Asia Pacific Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 6.5.1.22. Rest of Asia Pacific Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 6.5.1.23. Rest of Asia Pacific Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 6.5.1.24. Rest of Asia Pacific Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
- 6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Cryogenic Equipment Market Outlook, 2019 - 2031

7.1. Latin America Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Tanks
  - 7.1.1.2. Valves
  - 7.1.1.3. Pumps & Vaporizers
  - 7.1.1.4. Vacuum Jacketed Piping
  - 7.1.1.5. Others
7.2. Latin America Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Nitrogen
  - 7.2.1.2. Oxygen
  - 7.2.1.3. Argon
  - 7.2.1.4. Liquefied Natural Gas
  - 7.2.1.5. Others
7.3. Latin America Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Distribution
  - 7.3.1.2. Storage
7.4. Latin America Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Oil & Gas
  - 7.4.1.2. Metallurgy
  - 7.4.1.3. Automotive
  - 7.4.1.4. Food & Beverage
  - 7.4.1.5. Chemical
  - 7.4.1.6. Other
- 7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Cryogenic Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 7.5.1. Key Highlights
  - 7.5.1.1. Brazil Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 7.5.1.2. Brazil Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 7.5.1.3. Brazil Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.5.1.4. Brazil Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 7.5.1.5. Mexico Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 7.5.1.6. Mexico Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 7.5.1.7. Mexico Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.5.1.8. Mexico Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 7.5.1.9. Argentina Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 7.5.1.10. Argentina Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 7.5.1.11. Argentina Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.5.1.12. Argentina Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 7.5.1.13. Rest of Latin America Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 7.5.1.14. Rest of Latin America Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 7.5.1.15. Rest of Latin America Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 7.5.1.16. Rest of Latin America Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
- 7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Cryogenic Equipment Market Outlook, 2019 - 2031

8.1. Middle East & Africa Cryogenic Equipment Market Outlook, by Product Types, Value (US$ Bn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Tanks
  - 8.1.1.2. Valves
  - 8.1.1.3. Pumps & Vaporizers
  - 8.1.1.4. Vacuum Jacketed Piping
  - 8.1.1.5. Others
8.2. Middle East & Africa Cryogenic Equipment Market Outlook, by Cryogen, Value (US$ Bn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Nitrogen
  - 8.2.1.2. Oxygen
  - 8.2.1.3. Argon
  - 8.2.1.4. Liquefied Natural Gas
  - 8.2.1.5. Others
8.3. Middle East & Africa Cryogenic Equipment Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Distribution
  - 8.3.1.2. Storage
8.4. Middle East & Africa Cryogenic Equipment Market Outlook, by End-Use, Value (US$ Bn), 2019 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. Oil & Gas
  - 8.4.1.2. Metallurgy
  - 8.4.1.3. Automotive
  - 8.4.1.4. Food & Beverage
  - 8.4.1.5. Chemical
  - 8.4.1.6. Other
- 8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Cryogenic Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 8.5.1. Key Highlights
  - 8.5.1.1. GCC Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 8.5.1.2. GCC Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 8.5.1.3. GCC Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.5.1.4. GCC Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 8.5.1.5. South Africa Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 8.5.1.6. South Africa Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 8.5.1.7. South Africa Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.5.1.8. South Africa Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 8.5.1.9. Egypt Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 8.5.1.10. Egypt Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 8.5.1.11. Egypt Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.5.1.12. Egypt Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 8.5.1.13. Nigeria Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 8.5.1.14. Nigeria Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 8.5.1.15. Nigeria Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.5.1.16. Nigeria Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
  - 8.5.1.17. Rest of Middle East & Africa Cryogenic Equipment Market by Product Types, Value (US$ Bn), 2019 - 2031
  - 8.5.1.18. Rest of Middle East & Africa Cryogenic Equipment Market by Cryogen, Value (US$ Bn), 2019 - 2031
  - 8.5.1.19. Rest of Middle East & Africa Cryogenic Equipment Market by Application, Value (US$ Bn), 2019 - 2031
  - 8.5.1.20. Rest of Middle East & Africa Cryogenic Equipment Market by End-Use, Value (US$ Bn), 2019 - 2031
- 8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2024
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Chart Industries Inc.
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Linde plc
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Product Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. Herose GmbH
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Product Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. Nikkiso Co. Ltd.
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Product Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. Wessington Cryogenics
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Product Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. Braunschweiger Flammenfilter GmbH
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Product Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Standex International
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Product Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. INOX India Ltd.
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Product Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development
- 9.3.9. Air Liquide SA
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Product Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.10. Premier Cryogenics Ltd.
  - 9.3.10.1. Company Overview
  - 9.3.10.2. Product Portfolio
  - 9.3.10.3. Financial Overview
  - 9.3.10.4. Business Strategies and Development
- 9.3.11. Lapesa Grupo Empresarial s.l
  - 9.3.11.1. Company Overview
  - 9.3.11.2. Product Portfolio
  - 9.3.11.3. Financial Overview
  - 9.3.11.4. Business Strategies and Development
- 9.3.12. Galileo Technologies S.A.
  - 9.3.12.1. Company Overview
  - 9.3.12.2. Product Portfolio
  - 9.3.12.3. Financial Overview
  - 9.3.12.4. Business Strategies and Development
- 9.3.13. MAN Energy Solutions SE
  - 9.3.13.1. Company Overview
  - 9.3.13.2. Product Portfolio
  - 9.3.13.3. Financial Overview
  - 9.3.13.4. Business Strategies and Development
- 9.3.14. Cryolor SA
  - 9.3.14.1. Company Overview
  - 9.3.14.2. Product Portfolio
  - 9.3.14.3. Financial Overview
  - 9.3.14.4. Business Strategies and Development
- 9.3.15. SAS Cryo Pur
  - 9.3.15.1. Company Overview
  - 9.3.15.2. Product Portfolio
  - 9.3.15.3. Financial Overview
  - 9.3.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations