Cryogenic Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

Description

Persistence Market Research, a renowned market research firm, has recently published a comprehensive analysis of the global Cryogenic Equipment Market, providing valuable insights into key market dynamics, growth drivers, challenges, and emerging trends. This report offers an in-depth overview of the cryogenic equipment landscape, presenting exclusive data and statistics that forecast the market's growth trajectory from 2024 to 2032.

Key Insights:

Cryogenic Equipment Market Size (2024): US$ 25 Bn
Projected Market Value (2032):US$ 41 Bn
Global Market Growth Rate (CAGR 2024 to 2032): 6.4%

Cryogenic Equipment Market - Report Scope:

The Cryogenic Equipment Market is experiencing significant growth, driven by increasing demand across various industries such as healthcare, energy, electronics, and food and beverages. This market includes a wide range of products such as cryogenic tanks, valves, pumps, vaporizers, and other equipment used for the storage, transportation, and handling of cryogenic gases and liquids like liquid nitrogen, liquid oxygen, LNG, and liquid helium. The market growth is propelled by advancements in cryogenic technology, expanding applications in emerging markets, and growing investments in infrastructure development.

Market Growth Drivers:

The global Cryogenic Equipment Market benefits from several key growth drivers. The rising demand for liquefied natural gas (LNG) as a cleaner energy source is a major factor driving market expansion. Cryogenic equipment is essential for the storage and transportation of LNG, which is increasingly used in power generation, industrial applications, and as a transportation fuel. Additionally, advancements in medical technologies and the growth of the healthcare sector boost the demand for cryogenic equipment for applications such as cryosurgery, medical imaging, and the storage of biological samples. Furthermore, the electronics industry requires cryogenic equipment for manufacturing semiconductors and superconductors, adding to market growth.

Market Restraints:

Despite its promising growth prospects, the Cryogenic Equipment Market faces several challenges. High initial costs and maintenance expenses of cryogenic equipment can hinder market growth, particularly for small and medium-sized enterprises. Moreover, stringent safety regulations and standards related to the handling and storage of cryogenic substances impose compliance burdens on manufacturers and end-users, affecting market dynamics. Technical challenges, such as the need for specialized materials to handle extremely low temperatures and potential risks associated with cryogenic leaks and spills, also pose constraints.

Market Opportunities:

The Cryogenic Equipment Market presents significant opportunities for growth driven by technological innovations, expanding applications, and market diversification. Emerging trends such as the development of advanced materials, automation, and digitalization in cryogenic systems enhance efficiency, safety, and performance. Additionally, the increasing adoption of cryogenic equipment in emerging economies for industrial applications, healthcare, and energy infrastructure creates new market opportunities. Strategic partnerships, mergers, and acquisitions enable companies to expand their product portfolios, enhance technological capabilities, and enter new geographic markets.

Competitive Intelligence and Business Strategy:

Leading players in the global Cryogenic Equipment Market, including [Insert Key Companies], focus on innovation, product development, and strategic partnerships to gain a competitive edge. These companies invest in research and development to introduce advanced cryogenic equipment with enhanced efficiency, safety, and reliability. Collaborations with end-users, engineering firms, and technology providers enable companies to address market needs, validate product performance, and accelerate commercialization. Moreover, emphasis on quality assurance, regulatory compliance, and customer support enhances brand reputation and customer trust in the competitive landscape of cryogenic equipment.

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.

Cryogenic Equipment Market Research Segmentation:

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

Product Code: PMRREP33211

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
3.6. Regulatory Landscape
- 3.6.1. By Key Regions
- 3.6.2. By Key Countries
3.7. Regional Parent Market Outlook

4. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast, 2024-2032

4.1. Historical Market Size Value (US$ Bn) Analysis, 2019-2023
4.2. Current and Future Market Size Value (US$ Bn) Projections, 2024-2032
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis

5. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Product

5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Bn) Analysis By Product , 2019-2023
5.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Product , 2024-2032
- 5.3.1. Tanks
- 5.3.2. Valves
- 5.3.3. Pumps & Vaporizers
- 5.3.4. Vacuum Jacketed Piping
- 5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Product , 2019-2023
5.5. Absolute $ Opportunity Analysis By Product , 2024-2032

6. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Cryogen

6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Bn) Analysis By Cryogen , 2019-2023
6.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Cryogen , 2024-2032
- 6.3.1. Nitrogen
- 6.3.2. Oxygen
- 6.3.3. Argon
- 6.3.4. Liquefied Natural Gas
- 6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Cryogen , 2019-2023
6.5. Absolute $ Opportunity Analysis By Cryogen , 2024-2032

7. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Application

7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Bn) Analysis By Application , 2019-2023
7.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By Application , 2024-2032
- 7.3.1. Distribution
- 7.3.2. Storage
7.4. Y-o-Y Growth Trend Analysis By Application , 2019-2023
7.5. Absolute $ Opportunity Analysis By Application , 2024-2032

8. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By End-use

8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Bn) Analysis By End-use, 2019-2023
8.3. Current and Future Market Size Value (US$ Bn) Analysis and Forecast By End-use, 2024-2032
- 8.3.1. Oil & Gas
- 8.3.2. Metallurgy
- 8.3.3. Automotive
- 8.3.4. Food & Beverage
- 8.3.5. Chemical
- 8.3.6. Other
8.4. Y-o-Y Growth Trend Analysis By End-use, 2019-2023
8.5. Absolute $ Opportunity Analysis By End-use, 2024-2032

9. Global Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Region

9.1. Introduction
9.2. Historical Market Size Value (US$ Bn) Analysis By Region, 2019-2023
9.3. Current Market Size Value (US$ Bn) Analysis and Forecast By Region, 2024-2032
- 9.3.1. North America
- 9.3.2. Latin America
- 9.3.3. Europe
- 9.3.4. Asia Pacific
- 9.3.5. MEA
9.4. Market Attractiveness Analysis By Region

10. North America Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Country

10.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
10.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 10.2.1. By Country
  - 10.2.1.1. U.S.
  - 10.2.1.2. Canada
- 10.2.2. By Product
- 10.2.3. By Cryogen
- 10.2.4. By Application
- 10.2.5. By End-use
10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Product
- 10.3.3. By Cryogen
- 10.3.4. By Application
- 10.3.5. By End-use
10.4. Key Takeaways

11. Latin America Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Country

11.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
11.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 11.2.1. By Country
  - 11.2.1.1. Brazil
  - 11.2.1.2. Mexico
  - 11.2.1.3. Rest of Latin America
- 11.2.2. By Product
- 11.2.3. By Cryogen
- 11.2.4. By Application
- 11.2.5. By End-use
11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Product
- 11.3.3. By Cryogen
- 11.3.4. By Application
- 11.3.5. By End-use
11.4. Key Takeaways

12. Europe Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Country

12.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
12.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 12.2.1. By Country
  - 12.2.1.1. Germany
  - 12.2.1.2. U.K.
  - 12.2.1.3. France
  - 12.2.1.4. Spain
  - 12.2.1.5. Italy
  - 12.2.1.6. Rest of Europe
- 12.2.2. By Product
- 12.2.3. By Cryogen
- 12.2.4. By Application
- 12.2.5. By End-use
12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Product
- 12.3.3. By Cryogen
- 12.3.4. By Application
- 12.3.5. By End-use
12.4. Key Takeaways

13. Asia Pacific Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Country

13.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
13.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 13.2.1. By Country
  - 13.2.1.1. China
  - 13.2.1.2. Japan
  - 13.2.1.3. South Korea
  - 13.2.1.4. India
  - 13.2.1.5. Malaysia
  - 13.2.1.6. Singapore
  - 13.2.1.7. Australia
  - 13.2.1.8. New Zealand
  - 13.2.1.9. Rest of APAC
- 13.2.2. By Product
- 13.2.3. By Cryogen
- 13.2.4. By Application
- 13.2.5. By End-use
13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Product
- 13.3.3. By Cryogen
- 13.3.4. By Application
- 13.3.5. By End-use
13.4. Key Takeaways

14. MEA Cryogenic Equipment Market Analysis 2019-2023 and Forecast 2024-2032, By Country

14.1. Historical Market Size Value (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
14.2. Market Size Value (US$ Bn) Forecast By Market Taxonomy, 2024-2032
- 14.2.1. By Country
  - 14.2.1.1. GCC Countries
  - 14.2.1.2. South Africa
  - 14.2.1.3. Israel
  - 14.2.1.4. Rest of MEA
- 14.2.2. By Product
- 14.2.3. By Cryogen
- 14.2.4. By Application
- 14.2.5. By End-use
14.3. Market Attractiveness Analysis
- 14.3.1. By Country
- 14.3.2. By Product
- 14.3.3. By Cryogen
- 14.3.4. By Application
- 14.3.5. By End-use
14.4. Key Takeaways

15. Key Countries Cryogenic Equipment Market Analysis

15.1. U.S.
- 15.1.1. Pricing Analysis
- 15.1.2. Market Share Analysis, 2023
  - 15.1.2.1. By Product
  - 15.1.2.2. By Cryogen
  - 15.1.2.3. By Application
  - 15.1.2.4. By End-use
15.2. Canada
- 15.2.1. Pricing Analysis
- 15.2.2. Market Share Analysis, 2023
  - 15.2.2.1. By Product
  - 15.2.2.2. By Cryogen
  - 15.2.2.3. By Application
  - 15.2.2.4. By End-use
15.3. Brazil
- 15.3.1. Pricing Analysis
- 15.3.2. Market Share Analysis, 2023
  - 15.3.2.1. By Product
  - 15.3.2.2. By Cryogen
  - 15.3.2.3. By Application
  - 15.3.2.4. By End-use
15.4. Mexico
- 15.4.1. Pricing Analysis
- 15.4.2. Market Share Analysis, 2023
  - 15.4.2.1. By Product
  - 15.4.2.2. By Cryogen
  - 15.4.2.3. By Application
  - 15.4.2.4. By End-use
15.5. Germany
- 15.5.1. Pricing Analysis
- 15.5.2. Market Share Analysis, 2023
  - 15.5.2.1. By Product
  - 15.5.2.2. By Cryogen
  - 15.5.2.3. By Application
  - 15.5.2.4. By End-use
15.6. U.K.
- 15.6.1. Pricing Analysis
- 15.6.2. Market Share Analysis, 2023
  - 15.6.2.1. By Product
  - 15.6.2.2. By Cryogen
  - 15.6.2.3. By Application
  - 15.6.2.4. By End-use
15.7. France
- 15.7.1. Pricing Analysis
- 15.7.2. Market Share Analysis, 2023
  - 15.7.2.1. By Product
  - 15.7.2.2. By Cryogen
  - 15.7.2.3. By Application
  - 15.7.2.4. By End-use
15.8. Spain
- 15.8.1. Pricing Analysis
- 15.8.2. Market Share Analysis, 2023
  - 15.8.2.1. By Product
  - 15.8.2.2. By Cryogen
  - 15.8.2.3. By Application
  - 15.8.2.4. By End-use
15.9. Italy
- 15.9.1. Pricing Analysis
- 15.9.2. Market Share Analysis, 2023
  - 15.9.2.1. By Product
  - 15.9.2.2. By Cryogen
  - 15.9.2.3. By Application
  - 15.9.2.4. By End-use
15.10. China
- 15.10.1. Pricing Analysis
- 15.10.2. Market Share Analysis, 2023
  - 15.10.2.1. By Product
  - 15.10.2.2. By Cryogen
  - 15.10.2.3. By Application
  - 15.10.2.4. By End-use
15.11. Japan
- 15.11.1. Pricing Analysis
- 15.11.2. Market Share Analysis, 2023
  - 15.11.2.1. By Product
  - 15.11.2.2. By Cryogen
  - 15.11.2.3. By Application
  - 15.11.2.4. By End-use
15.12. South Korea
- 15.12.1. Pricing Analysis
- 15.12.2. Market Share Analysis, 2023
  - 15.12.2.1. By Product
  - 15.12.2.2. By Cryogen
  - 15.12.2.3. By Application
  - 15.12.2.4. By End-use
15.13. Malaysia
- 15.13.1. Pricing Analysis
- 15.13.2. Market Share Analysis, 2023
  - 15.13.2.1. By Product
  - 15.13.2.2. By Cryogen
  - 15.13.2.3. By Application
  - 15.13.2.4. By End-use
15.14. Singapore
- 15.14.1. Pricing Analysis
- 15.14.2. Market Share Analysis, 2023
  - 15.14.2.1. By Product
  - 15.14.2.2. By Cryogen
  - 15.14.2.3. By Application
  - 15.14.2.4. By End-use
15.15. Australia
- 15.15.1. Pricing Analysis
- 15.15.2. Market Share Analysis, 2023
  - 15.15.2.1. By Product
  - 15.15.2.2. By Cryogen
  - 15.15.2.3. By Application
  - 15.15.2.4. By End-use
15.16. New Zealand
- 15.16.1. Pricing Analysis
- 15.16.2. Market Share Analysis, 2023
  - 15.16.2.1. By Product
  - 15.16.2.2. By Cryogen
  - 15.16.2.3. By Application
  - 15.16.2.4. By End-use
15.17. GCC Countries
- 15.17.1. Pricing Analysis
- 15.17.2. Market Share Analysis, 2023
  - 15.17.2.1. By Product
  - 15.17.2.2. By Cryogen
  - 15.17.2.3. By Application
  - 15.17.2.4. By End-use
15.18. South Africa
- 15.18.1. Pricing Analysis
- 15.18.2. Market Share Analysis, 2023
  - 15.18.2.1. By Product
  - 15.18.2.2. By Cryogen
  - 15.18.2.3. By Application
  - 15.18.2.4. By End-use
15.19. Israel
- 15.19.1. Pricing Analysis
- 15.19.2. Market Share Analysis, 2023
  - 15.19.2.1. By Product
  - 15.19.2.2. By Cryogen
  - 15.19.2.3. By Application
  - 15.19.2.4. By End-use

16. Market Structure Analysis

16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
- 16.3.1. By Regional
- 16.3.2. By Product
- 16.3.3. By Cryogen
- 16.3.4. By Application
- 16.3.5. By End-use

17. Competition Analysis

17.1. Competition Deep Dive
- 17.1.1. Chart Industries Inc.
  - 17.1.1.1. Overview
  - 17.1.1.2. Product Portfolio
  - 17.1.1.3. Profitability by Market Segments
  - 17.1.1.4. Sales Footprint
  - 17.1.1.5. Strategy Overview
    - 17.1.1.5.1. Marketing Strategy
- 17.1.2. Linde plc
  - 17.1.2.1. Overview
  - 17.1.2.2. Product Portfolio
  - 17.1.2.3. Profitability by Market Segments
  - 17.1.2.4. Sales Footprint
  - 17.1.2.5. Strategy Overview
    - 17.1.2.5.1. Marketing Strategy
- 17.1.3. Herose GmbH
  - 17.1.3.1. Overview
  - 17.1.3.2. Product Portfolio
  - 17.1.3.3. Profitability by Market Segments
  - 17.1.3.4. Sales Footprint
  - 17.1.3.5. Strategy Overview
    - 17.1.3.5.1. Marketing Strategy
- 17.1.4. Nikkiso Co. Ltd.
  - 17.1.4.1. Overview
  - 17.1.4.2. Product Portfolio
  - 17.1.4.3. Profitability by Market Segments
  - 17.1.4.4. Sales Footprint
  - 17.1.4.5. Strategy Overview
    - 17.1.4.5.1. Marketing Strategy
- 17.1.5. Wessington Cryogenics
  - 17.1.5.1. Overview
  - 17.1.5.2. Product Portfolio
  - 17.1.5.3. Profitability by Market Segments
  - 17.1.5.4. Sales Footprint
  - 17.1.5.5. Strategy Overview
    - 17.1.5.5.1. Marketing Strategy
- 17.1.6. Braunschweiger Flammenfilter GmbH
  - 17.1.6.1. Overview
  - 17.1.6.2. Product Portfolio
  - 17.1.6.3. Profitability by Market Segments
  - 17.1.6.4. Sales Footprint
  - 17.1.6.5. Strategy Overview
    - 17.1.6.5.1. Marketing Strategy
- 17.1.7. Standex International
  - 17.1.7.1. Overview
  - 17.1.7.2. Product Portfolio
  - 17.1.7.3. Profitability by Market Segments
  - 17.1.7.4. Sales Footprint
  - 17.1.7.5. Strategy Overview
    - 17.1.7.5.1. Marketing Strategy
- 17.1.8. INOX India Ltd.
  - 17.1.8.1. Overview
  - 17.1.8.2. Product Portfolio
  - 17.1.8.3. Profitability by Market Segments
  - 17.1.8.4. Sales Footprint
  - 17.1.8.5. Strategy Overview
    - 17.1.8.5.1. Marketing Strategy
- 17.1.9. Air Liquide SA
  - 17.1.9.1. Overview
  - 17.1.9.2. Product Portfolio
  - 17.1.9.3. Profitability by Market Segments
  - 17.1.9.4. Sales Footprint
  - 17.1.9.5. Strategy Overview
    - 17.1.9.5.1. Marketing Strategy
- 17.1.10. Premier Cryogenics Ltd.
  - 17.1.10.1. Overview
  - 17.1.10.2. Product Portfolio
  - 17.1.10.3. Profitability by Market Segments
  - 17.1.10.4. Sales Footprint
  - 17.1.10.5. Strategy Overview
    - 17.1.10.5.1. Marketing Strategy
- 17.1.11. Lapesa Grupo Empresarial s.
  - 17.1.11.1. Overview
  - 17.1.11.2. Product Portfolio
  - 17.1.11.3. Profitability by Market Segments
  - 17.1.11.4. Sales Footprint
  - 17.1.11.5. Strategy Overview
    - 17.1.11.5.1. Marketing Strategy