HOME Top Market Reports Cryogenic Equipment Market by Product (Tank, Valve, Vaporizer & Pump), Industry Application, & Cryogenic (Low Temperature) Liquid - Global Trends & Forecasts up to 2017

Cryogenic Equipment Market by Product (Tank, Valve, Vaporizer & Pump), Industry Application, & Cryogenic (Low Temperature) Liquid - Global Trends & Forecasts up to 2017

By: marketsandmarkets.com
Publishing Date: September 2012
Report Code: ED 1197

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Cryogenic equipments are specially made equipments to handle liquefied gases. Liquefied gases are kept at very low temperature to maintain them in liquid state. The temperature required is below -150°C and known as cryogenic temperature. Due to the very low temperature these liquefied gases cannot be managed using normal equipments and thus require specially made equipments, known as cryogenic equipments. The mostly used cryogenic equipments are tanks, valves, vaporizers, and pumps.

The global market size is estimated to be $11 billion in 2011. Cryogenic tank has the largest market and majority of the global market revenue come from those tanks. After tanks, valves are the second largest revenue contributor in cryogenic market followed by vaporizers and then pumps. This report estimates market revenue for each cryogenic equipment and break each product market by geography as well as industrial applications. For cryogenic tank, the market size estimations have also been provided in capacity i.e. cubic meter.

This report covers all major regions i.e. Asia-Pacific, Europe, North America and Rest of the World (ROW). At country level, China, U.S. and U.K. have also been covered. Asia-Pacific is identified as the largest market as well as the highest growing in next five years among all regional markets. Globally, China is also the largest country level market and thus its growth significantly affects the global market.

The cryogenic equipment market has also been segmented by liquefied gases type. The gases covered are nitrogen, oxygen, argon, and liquefied natural gas (LNG). Nitrogen has the largest share in this market while, LNG has the highest growing market. In this report, the global market revenue from each liquefied gas has been broken down for major geographic markets.
This report identifies factors which are driving the market. Growth in major application industry and high economic growth rate in China are figured out to be the important market drivers which have a high impact on market at present. The report also highlights the market restraints and burning issues. Growth in LNG trade has been identified as the major opportunity which is attracting all the cryogenic equipment manufacturers. There are number of reasons which are driving the natural gas/LNG market. Diverted interests from nuclear power, shale gas development in the U.S., and increasing use of natural gas as transportation fuel are the main factors encouraging the investment on LNG.

Developments and strategies of top cryogenic equipments manufacturers have been studied in order to distinguish winning imperatives. The report also profiles those companies and a typical profile includes company overview, cryogenic products offered by the company, financials, recent developments, and strategy based on those developments.

The companies profiled in this report includes in this report are Chart Industries Inc., Cryofab, Cryoquip Inc., Eden Cryogenics LLC, Eleet Cryogenics Inc., Midwest Cryogenics, Skaff Cryogenics Inc. (SCI), Taylor Wharton LLC, INOX India Ltd, Herose GmbH, Linde AG, JSC Cryogenmash VRV Group, Wessington Cryogenics Ltd, etc.

Scope of the report:

On the basis of Product types:

  • Tanks
  • Valves
  • Vaporizers
  • Pumps
  • Others

On the basis of End-users:

  • Energy and power
  • Chemical
  • Metallurgical
  • Electronic
  • Ship building

On the basis of cryogenic gas/liquid:

  • Nitrogen
  • Oxygen
  • Argon
  • Liquefied Natural Gas (LNG)

On the basis of geography

  • North America
  • Europe
  • Asia-Pacific

TABLE OF CONTENTS    
    
1 INTRODUCTION   

  1.1 KEY TAKE-AWAYS   
  1.2 REPORT DESCRIPTION   
  1.3 MARKETS COVERED   
  1.4 STAKEHOLDERS   
  1.5 RESEARCH METHODOLOGY   
      1.5.1 MARKET SIZE   
      1.5.2 KEY DATA POINT FROM SECONDARY SOURCES   
      1.5.3 LIST OF SECONDARY DATA SOURCES   
      1.5.4 KEY DATA POINT FROM PRIMARY SOURCES   
      1.5.5 ASSUMPTIONS MADE FOR THIS REPORT   
    
2 EXECUTIVE SUMMARY   
    
3 MARKET OVERVIEW   

  3.1 INTRODUCTION   
  3.2 VALUE CHAIN ANALYSIS   
  3.3 DRIVERS   
      3.3.1 GROWTH IN MAJOR APPLICATION INDUSTRY   
      3.3.2 HIGH ECONOMIC GROWTH RATE IN CHINA   
  3.4 RESTRAINT   
      3.4.1 ECONOMIC CYCLES   
  3.5 OPPORTUNITY   
      3.5.1 INCREASING INVESTMENT IN LNG   
  3.6 WINNING IMPERATIVE   
  3.7 BURNING ISSUE   
  3.8 PORTER’S FIVE FORCES ANALYSIS   
      3.8.1 THREAT OF NEW ENTRANTS   
      3.8.2 THREAT OF SUBSTITUTES   
      3.8.3 SUPPLIERS POWER   
      3.8.4 BUYERS POWER   
      3.8.5 DEGREE OF COMPETITION   
  3.9 PATENT ANALYSIS   
    
4 CRYOGENIC EQUIPMENTS MARKET, BY PRODUCT TYPE   
  4.1 INTRODUCTION   
  4.2 TANKS   
  4.3 VALVES   
  4.4 VAPORIZERS   
  4.5 PUMPS   
  4.6 OTHERS   
      4.6.1 PIPES   
      4.6.2 FLANGES   
      4.6.3 REGULATORS   
      4.6.4 GAUGES   
    
5 CRYOGENIC EQUIPMENT MARKET, BY END-USERS   
  5.1 INTRODUCTION   
  5.2 ENERGY & POWER   
  5.3 CHEMICALS   
  5.4 METALLURGY   
  5.5 ELECTRONICS   
  5.6 SHIP BUILDING   
    
6 CRYOGENIC EQUIPMENT MARKET, BY CRYOGENIC GAS/LIQUID   
  6.1 INTRODUCTION   
  6.2 NITROGEN   
  6.3 OXYGEN   
  6.4 ARGON   
  6.5 LIQUEFIED NATURAL GAS (LNG)   
    
7 CRYOGENIC EQUIPMENTS MARKET, BY GEOGRAPHY   
  7.1 INTRODUCTION   
  7.2 ASIA-PACIFIC   
      7.2.1 CHINA   
  7.3 NORTH AMERICA   
      7.3.1 U.S.   
  7.4 EUROPE   
      7.4.1 U.K.   
    
8 COMPETITIVE LANDSCAPE   
  8.1 INTRODUCTION    
  8.2 MERGER & ACQUISITIONS    
  8.3 COLLABORATIONS/PARTNERSHIPS/AGREEMENTS/ JOINT VENTURES    
  8.4 NEW PRODUCTS LAUNCH & DEVELOPMENTS    
  8.5 EXPANSIONS, INVESTMENTS & OTHERS    
  8.6 SUPPLY CONTRACTS    
    
9 COMPANY PROFILES   
  9.1 ARITAS BASINCLI KAPLAR SANAYI A.S.   
      9.1.1 OVERVIEW   
      9.1.2 FINANCIALS   
      9.1.3 PRODUCTS & SERVICES   
      9.1.4 STRATEGY   
      9.1.5 DEVELOPMENTS   
  9.2 BEIJING TIANHAI INDUSTRY CO. LTD   
      9.2.1 OVERVIEW   
      9.2.2 FINANCIALS   
      9.2.3 PRODUCTS & SERVICES   
      9.2.4 STRATEGY   
      9.2.5 DEVELOPMENTS   
  9.3 CHART INDUSTRIES INC.   
      9.3.1 OVERVIEW   
      9.3.2 FINANCIALS   
      9.3.3 PRODUCTS & SERVICES   
      9.3.4 STRATEGY   
      9.3.5 DEVELOPMENTS   
  9.4 CRYOFAB INC.   
      9.4.1 OVERVIEW   
      9.4.2 FINANCIALS   
      9.4.3 PRODUCTS & SERVICES   
      9.4.4 STRATEGY   
      9.4.5 DEVELOPMENTS   
  9.5 CRYOQUIP INC.   
      9.5.1 OVERVIEW   
      9.5.2 FINANCIALS   
      9.5.3 PRODUCTS & SERVICES   
      9.5.4 STRATEGY   
      9.5.5 DEVELOPMENTS   
  9.6 EDEN CRYOGENICS LLC.   
      9.6.1 OVERVIEW   
      9.6.2 FINANCIALS   
      9.6.3 PRODUCTS & SERVICES   
      9.6.4 STRATEGY   
      9.6.5 DEVELOPMENTS   
  9.7 ELEET CRYOGENICS INC.   
      9.7.1 OVERVIEW   
      9.7.2 FINANCIALS   
      9.7.3 PRODUCTS & SERVICES   
      9.7.4 STRATEGY   
      9.7.5 DEVELOPMENTS   
  9.8 HEROSE GMBH   
      9.8.1 OVERVIEW   
      9.8.2 FINANCIALS   
      9.8.3 PRODUCTS & SERVICES   
      9.8.4 STRATEGY   
      9.8.5 DEVELOPMENTS   
  9.9 INOX INDIA LTD (INOXCVA)   
      9.9.1 OVERVIEW   
      9.9.2 FINANCIALS   
      9.9.3 PRODUCTS & SERVICES   
            9.9.3.1 INOXCVA and INOX India Ltd.   
            9.9.3.2 JAT CVA   
            9.9.4 STRATEGY   
      9.9.5 DEVELOPMENTS   
  9.10 JSC CRYOGENMASH   
      9.10.1 OVERVIEW   
      9.10.2 FINANCIALS   
      9.10.3 PRODUCTS & SERVICES   
      9.10.4 STRATEGY   
      9.10.5 DEVELOPMENTS   
  9.11 LINDE GROUP AG   
      9.11.1 OVERVIEW   
      9.11.2 FINANCIALS   
      9.11.3 PRODUCTS & SERVICES   
      9.11.4 STRATEGY   
      9.11.5 DEVELOPMENTS   
  9.12 MIDWEST CRYOGENICS INC.   
      9.12.1 OVERVIEW   
      9.12.2 FINANCIALS   
      9.12.3 PRODUCTS & SERVICES   
      9.12.4 STRATEGY   
      9.12.5 DEVELOPMENTS   
  9.13 SKAFF CRYOGENICS   
      9.13.1 OVERVIEW   
      9.13.2 FINANCIALS   
      9.13.3 PRODUCTS & SERVICES   
      9.13.4 STRATEGY   
      9.13.5 DEVELOPMENTS   
  9.14 TAYLOR-WHARTON INTERNATIONAL LLC.   
      9.14.1 OVERVIEW   
      9.14.2 FINANCIALS   
      9.14.3 PRODUCTS & SERVICES   
      9.14.4 STRATEGY   
      9.14.5 DEVELOPMENTS   
  9.15 VRV S.P.A (VRV GROUP)   
      9.15.1 OVERVIEW   
      9.15.2 FINANCIALS   
      9.15.3 PRODUCTS & SERVICES   
            9.15.3.1 VRV A.p.S   
            9.15.3.2 VRV Asia Pacific   
            9.15.3.3 FEMA S.r.l.   
            9.15.3.4 Cryo Diffusion S.A.   
      9.15.4 STRATEGY   
      9.15.5 DEVELOPMENTS   
  9.16 WESSINGTON CRYOGENICS LTD   
      9.16.1 OVERVIEW   
      9.16.2 FINANCIALS   
      9.16.3 PRODUCTS & SERVICES   
      9.16.4 STRATEGY   
      9.16.5 DEVELOPMENTS   
  9.17 ZHANGJIAGANG CIMC SANCTUM CRYOGENIC EQUIPMENT CO. LTD   
      9.17.1 OVERVIEW   
      9.17.2 FINANCIALS   
      9.17.3 PRODUCTS & SERVICES   
      9.17.4 STRATEGY   
      9.17.5 DEVELOPMENTS   
    
APPENDIX    
  U.S. PATENTS    
  EUROPE PATENTS    
  JAPAN PATENTS    
    
    
LIST OF TABLES    
    
TABLE 1 CRYOGENIC EQUIPMENTS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 2 GLOBAL ENERGY & POWER OUTLOOK, 2007 – 2011   
TABLE 3 CHINA: GDP GROWTH   
TABLE 4 GDP GROWTH RATE OF MAJOR ECONOMIES, 2007 – 2015   
TABLE 5 NUMBER OF LIQUEFACTION & GASIFICATION LNG PLANTS - EXISTING, UNDER CONSTRUCTION & PLANNED, 2011   
TABLE 6 LNG LIQUEFACTION CAPACITY, BY COUNTRY, 2010 – 2011 (MILLION TONS/YEAR)   
TABLE 7 ACQUISITION STRATEGY, BY MAJOR PLAYERS   
TABLE 8 ORGANIC EXPANSION STRATEGY, BY MAJOR PLAYERS   
TABLE 9 NUMBER OF CRYOGENIC EQUIPMENT PATENTS, BY GEOGRAPHY, 2008 – 2012   
TABLE 10 CRYOGENIC EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 11 CRYOGENIC TANKS MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 12 CRYOGENIC TANKS MARKET REVENUE, BY APPLICATION, 2010 – 2017 (’000 CUBIC METER)   
TABLE 13 CRYOGENIC TANKS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 14 CRYOGENIC TANK MANUFACTURERS   
TABLE 15 CRYOGENIC VALVES MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 16 CRYOGENIC VALVES MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 17 CRYOGENIC VALVE MANUFACTURERS   
TABLE 18 CRYOGENIC VAPORIZERS MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 19 CRYOGENIC VAPORIZERS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 20 CRYOGENIC VAPORIZER MANUFACTURERS   
TABLE 21 TYPES OF PUMPS, FEATURES, LIQUIDS RECOMMENDED & ADVANTAGES   
TABLE 22 CRYOGENIC PUMPS MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 23 CRYOGENIC PUMPS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 24 CRYOGENIC PUMP MANUFACTURERS   
TABLE 25 OTHERS: CRYOGENIC EQUIPMENT MANUFACTURERS   
TABLE 26 MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 27 ENERGY & POWER: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 28 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 29 CHEMICALS: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 30 CHEMICALS: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 31 METALLURGY: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 32 METALLURGY: CRYOGENIC EQUIPMENTS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 33 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 34 ELECTRONICS: MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 35 SHIP BUILDING: CRYOGENIC EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 36 SHIP BUILDING: MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 37 CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 38 NITROGEN: CRYOGENIC EQUIPMENTS MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 39 NITROGEN CAPACITY, BY GEOGRAPHY, 2008 – 2012 (’000 METRIC TONS)   
TABLE 40 NITROGEN FERTILIZER CONSUMPTION, BY GEOGRAPHY, 2008 – 2012 (’000 METRIC TONS)   
TABLE 41 OXYGEN: MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 42 ARGON: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 43 LNG: MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 44 MARKET REVENUE, BY GEOGRAPHY, 2010 – 2017 ($MILLION)   
TABLE 45 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET REVENUE, BY COUNTRY, 2010 – 2017 ($MILLION)   
TABLE 46 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 47 ASIA-PACIFIC: CRYOGENIC EQUIPMENTS MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 48 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 49 CHINA: CRYOGENIC EQUIPMENT MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 50 CHINA: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 51 CHINA: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 52 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET REVENUE, BY COUNTRY, 2010 – 2017 ($MILLION)   
TABLE 53 NORTH AMERICA: MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 54 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 55 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 56 U.S: CRYOGENIC EQUIPMENT MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 57 U.S: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 58 U.S: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 59 EUROPE: CRYOGENIC EQUIPMENT MARKET REVENUE, BY COUNTRY, 2010 – 2017 ($MILLION)   
TABLE 60 EUROPE: MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 61 EUROPE: CRYOGENIC EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 62 EUROPE: MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 63 U.K: CRYOGENIC EQUIPMENT MARKET REVENUE, BY APPLICATION, 2010 – 2017 ($MILLION)   
TABLE 64 U.K: MARKET REVENUE, BY PRODUCT TYPE, 2010 – 2017 ($MILLION)   
TABLE 65 U.K: CRYOGENIC EQUIPMENT MARKET REVENUE, BY GAS, 2010 – 2017 ($MILLION)   
TABLE 66 MERGERS & ACQUISITIONS, 2009 – 2012   
TABLE 67 COLLABORATIONS/PARTNERSHIPS/AGREEMENTS/ JOINT VENTURES, 2009 – 2012   
TABLE 68 NEW PRODUCTS LAUNCH & DEVELOPMENTS, 2009 – 2012   
TABLE 69 EXPANSIONS/NEW FACILITY/INVESTMENTS & OTHERS, 2009 – 2012   
TABLE 70 SUPPLY CONTRACTS, 2009 – 2012   
TABLE 71 ARITAS BASINCLI: PRODUCTS & ITS APPLICATIONS   
TABLE 72 BEIJING TIANHAI: PRODUCTS & ITS APPLICATIONS   
TABLE 73 CHART INDUSTRIES: MARKET REVENUE, BY BUSINESS SEGMENT, 2010 – 2011 ($MILLION)   
TABLE 74 CHART INDUSTRIES: MARKET REVENUE, BY GEOGRAPHY, 2010 – 2011 ($MILLION)   
TABLE 75 EDEN CRYOGENICS: PRODUCTS & ITS APPLICATIONS   
TABLE 76 ELEET CRYOGENICS: PRODUCTS & ITS APPLICATIONS   
TABLE 77 HEROSE GMBH: PRODUCTS & ITS APPLICATIONS   
TABLE 78 LINDE GROUP: MARKET REVENUE, BY BUSINESS SEGMENT, 2010 – 2011 ($MILLION)   
TABLE 79 LINDE GROUP: ENGINEERING DIVISION MARKET REVENUE, BY GEOGRAPHY, 2010 – 2011 ($MILLION)   
TABLE 80 WESSINGTON CRYOGENICS: PRODUCTS & ITS DESCRIPTION   
TABLE 81 ZHANGJIAGANG CIMC: PRODUCTS & ITS APPLICATIONS   
    
     
LIST OF FIGURES    
    
FIGURE 1 CRYOGENIC PRODUCTS MARKET REVENUE, 2010 – 2017 ($MILLION)   
FIGURE 2 VALUE CHAIN ANALYSIS OF CRYOGENIC EQUIPMENT MARKET   
FIGURE 3 PORTER’S FIVE FORCES ANALYSIS   
FIGURE 4 MARKET SHARE, BY PRODUCT TYPE, 2011   
FIGURE 5 MARKET SHARE, BY APPLICATION, 2011   
FIGURE 6 MARKET SHARE, BY CRYOGENIC GAS/LIQUID, 2011   
FIGURE 7 MARKET SHARE, BY GEOGRAPHY, 2011   
FIGURE 8 MAJOR GROWTH STRATEGIES IN GLOBAL CRYOGENIC EQUIPMENT MARKET, 2009 – 2012   
FIGURE 9 MERGER & ACQUISITION, 2009 – 2012   
FIGURE 10 COLLABORATIONS, PARTNERSHIPS, AGREEMENTS & JOINT VENTURES, 2009 – 2012   
FIGURE 11 NEW PRODUCTS LAUNCH & DEVELOPMENTS, 2009 – 2012   
FIGURE 12 EXPANSIONS, INVESTMENTS & OTHERS, 2009 – 2012   
FIGURE 13 SUPPLY CONTRACTS, 2009 – 2012

Increasing demand from the energy and power and economic growth of China are driving the market for cryogenic equipments. Tanks, valves, vaporizers, and pumps are the main cryogenic revenue generating equipments. These are primarily used in industries like energy and power, chemical, metallurgical, electronic, and ship building. Energy and power is the major industrial application for cryogenic equipments and its growth is boosting the demand of cryogenic equipments. Tank is the key cryogenic equipments used for storing and transporting the cryogenic liquefied gases, holding the largest share in total cryogenic equipment revenue.

China is a developing region and its economic growth represents industrial growths in the region. Industries like energy and power, chemical, metallurgy, shipbuilding, and electronics are the major consumer of cryogenic equipment and their growth will also expand the market for cryogenic equipments. Being the largest regional market, China’s growth significantly affects the global cryogenic market.

The global market revenue is estimated to be $11 billion in 2011. The market will grow by 8.2% in 2012 to $11.9 billion by 2017. Energy and power sector holds the largest share in cryogenic equipment revenue. Chemical industry is the second largest share holder followed by metallurgical industry.

Cryogenic Equipment Market Share, By Geography, 2011

Cryogenic Equipment Market

Source: CryoGas International, Gasworld, Cryogenic Society of America, ColdFacts Magazine, Company Annual Reports, Press Releases, Expert Interviews, MarketsandMarkets Analysis

Asia-Pacific region is the largest market for cryogenic equipments with 37% market share of global cryogenic equipment revenue. After Asia-Pacific, Europe, and North America regions are the second and third largest market respectively.

Some of the major companies which deal in this market are Chart Industries Inc., Cryofab, Cryoquip Inc., Eden Cryogenics LLC, Eleet Cryogenics Inc., Midwest Cryogenics, Skaff Cryogenics Inc. (SCI), Taylor Wharton LLC, INOX India Ltd, Herose GmbH, Linde AG, JSC Cryogenmash VRV Group, Wessington Cryogenics Ltd, etc.

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