Cryogenic Equipment Market

Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region - Global forecast to 2025

Report Code: EP 3337 Apr, 2020, by marketsandmarkets.com

Cryogenic Equipment Market

Cryogenic equipment market is expected to grow at a CAGR of 6.4% during the forecast period (2020–2025)


Cryogenic Equipment Market and Top Companies


Key market players profiled in the cryogenic equipment market report includes:

  • Linde plc (Ireland)
  • Chart Industries (US)
  • Parker Hannifin (US)
  • Air Products (US)
  • Wessington Cryogenics (UK)
  • Taylor-Wharton (US)
  • INOXCVA (India)
  • Cryofab (US)
  • Flowserve Corporation (US)
  • ACME Cryogenics (US)

Linde plc (Ireland) is a global industrial gas and engineering company. The principal business activities of the company include production of industrial gases along with designing, engineering, and manufacturing of the equipment used in the production of industrial gases. The company operates its business through reportable segments, namely, North America, Europe, South America, Asia, Surface Technologies, and Linde AG. The product groups of Linde are atmospheric gases and related, process gases and other, surface technologies, and Linde AG. The Linde Engineering Division is involved in the designing and manufacturing of equipment for air separation and other industrial gas application. The cryogenic equipment manufactured by the Linde Engineering include plant components such as cryogenic tanks, cryogenic portable tanks, vaporizers, pipes, and heat exchangers. The company has its cryogenic equipment manufacturing facilities in China and Germany.
Chart Industries (US) is a manufacturer of cryogenic equipment that are used across the liquid gas supply chain. The company operates its business through three business segments: Energy & Chemicals, Distribution & Storage East, and Distribution & Storage West. The products served under this segment include a wide range of heat exchangers, cold boxes, reactors, and process systems. Under its D&S East segment, the company designs, manufactures, and services cryogenic solutions for the storage and delivery of cryogenic liquids. Chart’s D&S West segment is involved in designing, manufacturing, and services related to the storage and delivery of cryogenic liquids used in industrial gas and LNG applications. The company offers its equipment and services to producers and distributors of hydrocarbons & industrial gases and their end-users. The company offers a wide range of cryogenic equipment such as heat exchangers, vacuum insulated containment vessels, liquefaction process units, other cryogenic components, gas processing equipment, cold boxes, and ambient temperature fans.
Parker Hannifin (US) is a manufacturer of motion and control technologies and systems. The company operates its business through two reporting segments: Diversified Industrial Systems and Aerospace Systems. The company offers cryogenic equipment under its brand Bestobell. The equipment include valves, strainers, pressure regulators, and other accessories such as manifold assemblies. Parker has around 290 manufacturing plants. The company has a presence in 50 countries. In the US alone, the country has manufacturing, service, sales, distribution, and administrative facilities in 37 states. The end use industries served by Parker are aerospace, electronics & semiconductors, healthcare & life sciences, HVAC & refrigeration, industrial & chemical processing, industrial manufacturing equipment, off-road machinery, oil & gas, power generation & renewable energy, and transportation.
Taylor-Wharton (US) is a cryogenic equipment manufacturing company. It manufactures a wide range of cryogenic storage, transportation, and regasification equipment for industrial gases, life sciences, and LNG applications. In 2016, Air Water Inc., an industrial gas company, acquired Taylor-Wharton; however, Air Water decided that Taylor-Wharton will operate in its brand name. The company operates its business through three segments, namely Mega Tanks and Transports, Commercial Cryogenic Storage, and Cryogenic Freezer Applications. The cryogenic equipment product portfolio of the company includes bulk storage vessels, microbulk tanks, liquid cylinders, transport vessels, LNG vessels, vaporizers, freezers, and vacuum insulated piping. The company has acquired Cryofin and TOMCO2 and thus expanded its product portfolio for the food & beverage industry. The company has a presence in the US, Belgium, Poland, UAE, Malaysia, Japan, Australia, and Colombia.
Wessington Cryogenics (UK) is a cryogenic vessel manufacturer. The company offers a wide range of cryogenic tanks and vessels that can cater to storage and transportation tanks. The company also offers spares & accessories range, from replacement valves to fully automated liquid level control equipment. Wessington owns repair and refurbishment facilities in which it repairs cryogenic vessels that are capable of storing and transporting gases such as nitrogen, argon, oxygen, and helium. Wessington also offers custom designed cryostat, cryogenic valve boxes, and phase separators, but these are not its primary products.
INOXCVA (India) is a global manufacturer of equipment used for the transportation, storage, and distribution of cryogenic liquid and gases. INOXCVA is a part of the INOX group. INOXCVA was formed after INOX India acquired Cryogenic Vessel Alternatives (CVA), a cryogenic transportation equipment manufacturer. INOXCVA operates its business through its three subsidiaries, which are INOX India Private Limited, INOXCVA Europe B.A., and INOX South America. The principal business activities of the company are design engineering, manufacturing, supplying, and commissioning of cryogenic storage, vaporization, and distribution systems. The product portfolio of the company includes cryogenic standard products, cryogenic engineered tanks & systems, cryobiological products, LNG turnkey solutions, and disposable cylinders.
Cryofab (US) manufactures and services cryogenic storage and accessories. The company offers a wide cryogenic equipment product portfolio, which includes cryogenic containers tanks, dewars, vessels, hoses, and valves for the storage and transportation of all cryogenic gases. The products of the company are used to store and transport various cryogenic industrial gases such as liquid helium, liquid argon, liquid oxygen, liquid nitrogen, liquid hydrogen, and LNG. The company also offers accessories related to cryogenic equipment through its subsidiary, Cryocomp. The application areas served by Cryofab include laboratory, industrial, medical, biotechnology, pharmaceutical, semiconductor, superconductivity, and homecare applications.
Acme Cryogenics (US) is a global manufacturer and supplier of cryogenic equipment. The company is a wholly owned subsidiary of Graham Partners since 2016. Graham Partners is a private investment firm that invests in technology-driven companies. Other subsidiaries of Graham Partners include The Atlas Group, Comar, Chelsea, B+B SmartWorx, and Eberle. Acme Cryogenics provides engineered products and services related to cryogenic liquids and industrial gases. The company offers its products under six product categories: Vacuum Jacketed Piping, Cryogenic Valves, Vaporizers, Product Transfer, and Storage/Transportation. Acme serves a wide range of industries, including food & beverage, cryobiology storage / cryo preservation, pharmaceutical, semi-conductor & electronics, industrial gas, aerospace, and LNG industries.
Flowserve Corporation (US) is a manufacturer and aftermarket service provider of fluid motion and control systems. The business activities of the company include designing, engineering, manufacturing, and development of flow control equipment. The principal business segments of Flowserve are Flowserve Pump Division and Flow Control Division. Under its Flowserve Pump Division segment, the company offers cryogenic equipment, which include cryogenic valves and pumps. The company offers its cryogenic equipment to oil companies, equipment end users, and original equipment manufacturers. The major competitors for the Flowserve Pump Division segment are Sulzer Pumps, Ebara Corp., SPX FLOW, Eagle Burgmann, A. W. Chesterton Co., AES Corp., John Crane Inc., Weir Group Plc., ITT Industries, and KSB SE & Co. KGaA.
Air Products (US) is a global industrial gases company having principal business activities of development, engineering, building, owning, and operating industrial gas projects. The company offers products, services, and solutions for atmospheric gases, process & specialty gases, equipment, and services. The company has two business segments: Industrial Gases segment and Industrial Gases Equipment segment. Under its Industrial Gases Equipment segment, the company designs and manufactures storage and transportation cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, liquid helium, and liquid hydrogen. The cryogenic equipment product portfolio of the company includes tanks, vaporizers, and pressure regulators. Air Products has manufacturing facilities for industrial gases equipment in the US.


Cryogenic Equipment Market and Type of Equipment


Types of cryogenic equipment considered in the study are:

  • Tanks
  • Valves
  • Vaporizers
  • Pumps

Tanks – Cryogenic Tanks are used for storing and transporting liquefied industrial gases such as oxygen, hydrogen, nitrogen, helium, and argon. They are typically designed to store liquefied gases below -150°C. These are majorly demanded cryogenic equipment, and the spike in demand is mainly due to the increasing demand for tanks from the industrial sector.
Valves – Cryogenic valves facilitate the transfer of liquefied gases and are ideal for LNG, LPG, and other cryogenic applications. It has wide applications in solar panels production, specialty gas, metallurgy, rubber production, food processing, medical technology, automotive, chemical, transportation, and electronic industries. High demand for industrial gases from the aerospace and electronics sectors is likely to boost the demand for valves.
Vaporizers – Cryogenic vaporizers are used for high volume vaporization and regasification of industrial gases like LNG in order to release them in a controlled flow. Metallurgy and chemical industries are observing increasing consumption for industrial gases and are setting up air separation units at their manufacturing sites. These air separation units use different types of vaporizers for converting the cryogenic liquid back into gaseous form. These factors have increased the demand for vaporizers.
Pumps – Cryogenic pumps are designed to transfer cryogenic fluids at high flow-rates between two tanks or from storage tanks to mobile units and vice versa. These pumps are generally used in LNG terminals and air separation units. As the number of air separation units increases across regions, the demand for cryogenic pumps is likely to increase. However, the pumps have moderate growth due to their longer life span and limited usage.


Cryogenic Equipment Market and End Users


Major end users for cryogenic equipment market are:

  • Energy & Power
  • Chemicals
  • Metallurgy
  • Electronics
  • Shipping

Metallurgy – The demand for cryogen plants for nitrogen and oxygen is expected to increase as the iron and steel production is increasing every year. Cryogenic equipment such as heat exchangers, cryo-pipes, tanks, and freezers find application in these processes. Increasing demand for these industrial gases is expected to drive the demand for cryogenic equipment in the metallurgy industry
Energy & Power – From a small gauge to a big tank, almost all cryogenic equipment find their application in the energy & power industry. Cryogenic energy storage systems aid in reducing emissions while maintaining power supply during peak demand. All these factors drive demand for cryogenic equipment in the energy & power industry.
Chemical – Cryogenic equipment have wide applications in the chemical industry. Liquefied gases and other chemicals at low temperature are stored in dewars and tanks. Cryogenic freezer tunnel is one such equipment which freezes components such as food, vaccines, and drugs. Increasing demand for chemical facilities is driving the cryogenic equipment market for chemical industry.
Electronics – Cryogenics has vast applications in the electronics industry. Cryogenic processing extends the life of the circuit boards. Cryogenic milling and freezer grinding are some of the processes that happen in the electronic industry. They are also employed in switching devices, semiconductor, and superconductor devices since low temperature decreases the resistance of materials. Cryogenic equipment such as semiconductor grade vaporizers and tanks are commonly used in the Electronics industry. Increasing construction of air separation units for the electronic industry is likely to drive the cryogenic equipment market during the forecast period.
Shipping – Cryogenic fittings, pumps, compressors, valves, vaporizers, and many other equipment are used in the loading and unloading of fuel. Moreover, further developments are being done to increase the use of LNG as marine fuel, which will certainly require cryogenic equipment for operation.


Key Developments: Cryogenic Equipment Market


  • In December 2019, Linde signed an agreement with BP as the LNG technology licensor for phases 2 and 3 of the Greater Tortue Ahmeyim project. Under the contract, Linde manufactured and supplied cryogenic coil wound heat exchangers for the liquefaction technology. Linde intends to hold superior position in upcoming LNG markets.
  • In September 2019, Chart Industries was awarded a contract from LGM Engineering to supply 4 LNG fuel tanks for construction of ships that were to be built in Wuhu Shipyard, China. Chart Industries intends to grow its revenues from the shipping industry.
  • In November 2018, Chart acquired VRV for a purchase price of approximately USD 141 million. VRV was a manufacturer of cryogenic equipment. With this acquisition, Chart has strengthened its cryogenic equipment product portfolio.

[169 Pages Report] The global cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Increasing demand for industrial gases and investments in LNG infrastructure is driving the cryogenic equipment market.

Cryogenic Equipment Market

By equipment, the tanks segment is expected to make the most significant contribution to the cryogenic equipment market during the forecast period.

Cryogenic Tanks are used for storing and transportation of liquefied industrial gases such as oxygen, hydrogen, nitrogen, helium, and argon. It is typically designed to store liquefied gases below -150°C. It comes in various configurations such as horizontal, vertical, double-walled, and insulated. It can be static or fixed and mobile or transportable. It has wide applications in multiple industries such as medical technology, food, electronics, and metal processing. It is generally used for storing LNG in the LNG liquefaction terminals and in ships in the form of the tankers.

By cryogen, the LNG segment is expected to grow at the fastest rate during the forecast period.

There is a tremendous increase in demand for LNG globally. According to the International Gas Union, in 2018, LNG trade rose by 9.8% year on year growth from 2017. To meet the high demand for LNG, countries are witnessing high investments in infrastructure related to storage and regasification of LNG. In 2018, two new regasification terminals came online in Bangladesh and Panama. Such infrastructure construction projects create demand for equipment such as tanks, vaporizers, valves, and heat exchangers. Due to such factors, cryogenic equipment related to LNG is set to grow at the highest CAGR of 7.8% during the forecast period.

Cryogenic Equipment Market

Asia Pacific is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, Middle East, and Africa are the major regions considered for the study of the cryogenic equipment market. Investments in the energy sectors have grown considerably in the past five years, creating a huge demand for the cryogenic equipment in the region. The region is developing into the fastest-growing end-market for energy, power, and technologies. Also, substantial growth in related industries such as metallurgy, chemical manufacturing, food and beverages, and energy & power, which altogether drives the growth of cryogenic equipment market.  

Key Market Players

The major players in the global cryogenic equipment market are Linde plc (Ireland), Chart Industries (US), Parker Hannifin (US), Flowserve Corporation (US), Emerson (US), Air Products (US), INOXCVA (India), Taylor Wharton (Japan), Cryofab (US), Wessington (UK), ACME (US), and Herose GmbH (Germany), Cryostar (France), and Cryoquip LLC (US).

Scope of the Report

Report Metric

Details

Market Size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Equipment, Cryogen, End-User, and Region

Geographies covered

Asia Pacific, North America, Europe, the Middle East, Africa, and South America

Companies covered

Linde plc (Ireland), Chart Industries (US), Parker Hannifin (US), Flowserve Corporation (US), Emerson (US), Air Products (US), INOXCVA (India), Taylor Wharton (Japan), Cryofab (US), Wessington (UK), ACME (US), and Herose GmbH (Germany), Cryostar (France), and Cryoquip LLC (US)

This research report categorizes the cryogenic equipment market based on equipment, cryogen, end-user, and region.

Based on equipment, the cryogenic equipment market has been segmented as follows:

  • Tanks
  • Valves
  • Vaporizers
  • Pumps
  • Others (Others include all other cryogenic equipment such as Pipe, Regulator, Freezer, Dewar, Strainer, Sampler, Heat Exchangers, Leak Detection Equipment, and Accessories)

Based on the Cryogen, the cryogenic equipment  market has been segmented as follows:

  • Nitrogen
  • Argon
  • Oxygen
  • LNG
  • Others (Helium, Nitrous Oxide, Hydrogen, and Carbon Dioxide)

Based on end-user, the cryogenic equipment market has been segmented as follows:

  • Energy & power
  • Chemicals
  • Metallurgy
  • Electronics
  • Shipping
  • Others (Food & Beverage, Healthcare, Aerospace, and Rail Transport)

Based on the region, the cryogenic equipment market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East
  • Africa

Recent Developments

  • In January 2020, Linde was awarded a contract by HLMC for setting a new air separation plant to supply nitrogen, high purity oxygen, and argon at its manufacturing facility. Under the terms of the contract, Linde would supply nitrogen generator and other cryogenic equipment to build the plant. The company intends to meet the rising demands for higher purity industrial gas from the electronics and semiconductor industry.
  • In December 2019, Linde signed a master agreement with BP as the company is the LNG technology licensor for phases 2 and 3 of the Greater Tortue Ahmeyim project. Under the contract, Linde manufactured and supplied cryogenic coil-wound heat exchangers for the liquefaction technology.
  • In September 2019, Chart Industries was awarded a contract from LGM Engineering for the supply of 4 LNG fuel tanks for construction of ships that were to be built in Wuhu Shipyard, China. Chart Industries intends to grow its revenues from the shipping industry.

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the cryogenic equipment market, which will help manufacturers and service providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  • The report addresses the market share analysis of key players in the cryogenic equipment market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging geographies for cryogenic equipment, and hence, the entire market ecosystem can gain a competitive advantage.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 CRYOGENIC EQUIPMENT MARKET: INCLUSIONS VS. EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATION
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 22)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.1 Key data from primary sources
                    2.1.1.2 Breakdown of primaries
    2.2 SCOPE
    2.3 MARKET SIZE ESTIMATION
           2.3.1 IDEAL DEMAND-SIDE ANALYSIS
                    2.3.1.1 Assumptions
                    2.3.1.2 Calculation
           2.3.2 SUPPLY-SIDE ANALYSIS
                    2.3.2.1 Assumptions
                    2.3.2.2 Calculation
           2.3.3 FORECAST
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.5 PRIMARY INSIGHTS

3 EXECUTIVE SUMMARY (Page No. - 31)

4 PREMIUM INSIGHTS (Page No. - 36)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE CRYOGENIC EQUIPMENT MARKET
    4.2 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT
    4.3 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN
    4.4 CRYOGENIC EQUIPMENT MARKET, BY END-USER
    4.5 CRYOGENIC EQUIPMENT MARKET, BY REGION
    4.6 ASIA PACIFIC CRYOGENIC EQUIPMENT MARKET, BY END-USER & COUNTRY

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 High demand for industrial gases from the metallurgy and energy industries
                    5.2.1.2 Growing demand for cryogenic equipment across the entire LNG value chain
                    5.2.1.3 Increasing investments in cryogenic infrastructure
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial investment for setting up cryogenic plant for large-scale industrial applications
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing space and satellite missions bring opportunities for cryogenic storage equipment
                    5.2.3.2 Evolving cryogenic electronics applications
                    5.2.3.3 Cryogenic Energy Storage Systems
           5.2.4 CHALLENGES
                    5.2.4.1 Cryogen leakage from equipment leading to hazards and greenhouse emissions
    5.3 SUPPLY CHAIN OVERVIEW
           5.3.1 KEY INFLUENCERS
                    5.3.1.1 Equipment Manufacturers
                    5.3.1.2 Industrial Gases Providers
                    5.3.1.3 End-Users

6 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT (Page No. - 48)
    6.1 INTRODUCTION
    6.2 TANKS
           6.2.1 INCREASING LNG PRODUCTION IS DRIVING THE MARKET FOR TANKS
    6.3 VALVES
           6.3.1 HIGH DEMAND FOR INDUSTRIAL GASES FROM THE AEROSPACE AND ELECTRONICS SECTORS IS LIKELY TO BOOST THE DEMAND
    6.4 VAPORIZERS
           6.4.1 DEMAND FOR VAPORIZERS INCREASES AS INDUSTRIAL GASES CONSUMPTION ACROSS END-USERS INCREASE
    6.5 PUMPS
           6.5.1 INCREASING DEMAND FOR LNG INFRASTRUCTURE IS EXPECTED TO DRIVE THE DEMAND FOR CRYOGENIC PUMPS
    6.6 OTHER EQUIPMENT

7 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN (Page No. - 56)
    7.1 INTRODUCTION
    7.2 NITROGEN
           7.2.1 GROWING INDUSTRIALIZATION CREATES HIGH DEMAND FOR NITROGEN-RELATED CRYOGENIC EQUIPMENT
    7.3 OXYGEN
           7.3.1 INCREASING STEEL AND IRON PRODUCTION CREATES HIGH DEMAND FOR OXYGEN RELATED CRYOGENIC EQUIPMENT
    7.4 ARGON
           7.4.1 DEMAND FOR ARGON-HANDLING CRYOGENIC EQUIPMENT INCREASES WITH THE DEMAND FOR ELECTRONICS
    7.5 LNG
           7.5.1 RISING DEMAND FOR CLEANER ENERGY SOURCE CREATES DEMAND FOR LNG INFRASTRUCTURE
    7.6 OTHERS

8 CRYOGENIC EQUIPMENT MARKET, BY END-USER (Page No. - 64)
    8.1 INTRODUCTION
    8.2 METALLURGY
           8.2.1 RISING DEMAND OF OXYGEN LEADS TO INCREASING DEMAND FOR CRYOGENIC EQUIPMENT AT METALLURGY INDUSTRY
    8.3 ENERGY & POWER
           8.3.1 INCREASING NUMBER OF REFINERIES AND ENERGY STORAGE SYSTEMS DRIVE THE DEMAND FOR CRYOGENIC EQUIPMENT
    8.4 CHEMICAL
           8.4.1 INCREASING DEMAND FOR CHEMICAL FACILITIES IS DRIVING THE CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL INDUSTRY
    8.5 ELECTRONICS
           8.5.1 INCREASING ELECTRONIC MANUFACTURING TO BOOST THE DEMAND FOR CRYOGENIC EQUIPMENT
    8.6 SHIPPING
           8.6.1 INCREASING LNG INFRASTRUCTURE DEVELOPMENT AND LNG VESSELS IS DRIVING THE MARKET FOR CRYOGENIC EQUIPMENT
    8.7 OTHERS

9 CRYOGENIC EQUIPMENT MARKET, BY REGION (Page No. - 73)
    9.1 INTRODUCTION
    9.2 ASIA PACIFIC
           9.2.1 BY EQUIPMENT
           9.2.2 BY CRYOGEN
           9.2.3 BY END-USER
           9.2.4 BY COUNTRY
           9.2.5 CHINA
                    9.2.5.1 High volume manufacturing of steel and electronics is driving the Chinese cryogenic equipment market
           9.2.6 INDIA
                    9.2.6.1 Investments in space missions are likely to bring opportunities for cryogenic equipment during the forecast period
           9.2.7 AUSTRALIA
                    9.2.7.1 Australia’s plan to increase LNG exports will create demand for cryogenic equipment in the country
           9.2.8 JAPAN
                    9.2.8.1 Increasing demand for industrial gases from the electronics industry is driving the cryogenic equipment market
           9.2.9 MALAYSIA
                    9.2.9.1 Increasing manufacturing capacity for electronics to boost the cryogenic equipment market in Malaysia
           9.2.10 REST OF ASIA PACIFIC
    9.3 EUROPE
           9.3.1 BY EQUIPMENT
           9.3.2 BY CRYOGEN
           9.3.3 BY END-USER
           9.3.4 BY COUNTRY
           9.3.5 RUSSIA
                    9.3.5.1 Increasing LNG imports and cryogenic energy storage systems construction is likely to drive the market
           9.3.6 UK
                    9.3.6.1 Increasing LNG imports and cryogenic energy storage systems construction is likely to drive the market
           9.3.7 GERMANY
                    9.3.7.1 Increasing electronics manufacturing in Germany is driving the country’s cryogenic equipment market
           9.3.8 FRANCE
                    9.3.8.1 Metallurgy end-user sector dominates the French cryogenic equipment market
           9.3.9 REST OF EUROPE
    9.4 NORTH AMERICA
           9.4.1 BY EQUIPMENT
           9.4.2 BY CRYOGEN
           9.4.3 BY END-USER
           9.4.4 BY COUNTRY
           9.4.5 US
                    9.4.5.1 US
           9.4.6 CANADA
                    9.4.6.1 Increasing LNG projects and metal production are likely to bring opportunities for cryogenic equipment in Canada
           9.4.7 MEXICO
                    9.4.7.1 Shale reservoirs development creates opportunities for cryogenic equipment market in Mexico
    9.5 MIDDLE EAST
           9.5.1 BY EQUIPMENT
           9.5.2 BY CRYOGEN
           9.5.3 BY END-USER
           9.5.4 BY COUNTRY
           9.5.5 SAUDI ARABIA
                    9.5.5.1 LNG projects have boosted the cryogenic equipment market in Saudi Arabia
           9.5.6 UAE
                    9.5.6.1 Growing energy & power sector in the UAE is driving the cryogenic equipment market
           9.5.7 QATAR
                    9.5.7.1 Increasing construction activities in Qatar are driving the cryogenic equipment market in the country
           9.5.8 REST OF MIDDLE EAST
    9.6 AFRICA
           9.6.1 BY EQUIPMENT
           9.6.2 BY CRYOGEN
           9.6.3 BY END-USER
           9.6.4 BY COUNTRY
           9.6.5 SOUTH AFRICA
                    9.6.5.1 Industrial growth in South Africa is expected to drive the cryogenic equipment market
           9.6.6 NIGERIA
                    9.6.6.1 Increasing demand for LNG and nitrogen in the oil & gas and shipping industries in Nigeria is driving the market
           9.6.7 ALGERIA
                    9.6.7.1 Increasing oil & gas activities in Algeria are likely to drive the demand for cryogenic equipment
           9.6.8 REST OF AFRICA
    9.7 SOUTH AMERICA
           9.7.1 BY EQUIPMENT
           9.7.2 BY CRYOGEN
           9.7.3 BY END-USER
           9.7.4 BY COUNTRY
           9.7.5 BRAZIL
                    9.7.5.1 Oil & gas industry in Brazil is expected to drive the market
           9.7.6 ARGENTINA
                    9.7.6.1 Reviving oil & gas sector in Argentina is likely to bring opportunities for the market
           9.7.7 VENEZUELA
                    9.7.7.1 Low industrial growth and recession in Venezuela are affecting the market
           9.7.8 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 128)
     10.1 OVERVIEW
     10.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2018
             10.2.1 CONTRACTS & AGREEMENTS
             10.2.2 PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES/MERGERS & ACQUISITIONS
     10.3 COMPETITIVE LEADERSHIP MAPPING
             10.3.1 VISIONARY LEADERS
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC
             10.3.4 EMERGING

11 COMPANY PROFILE (Page No. - 133)
     11.1 LINDE PLC
             11.1.1 BUSINESS OVERVIEW
             11.1.2 PRODUCT OFFERINGS
             11.1.3 RECENT DEVELOPMENTS Contracts & Agreements/Mergers & Acquisitions/ Investments & Expansions/ Joint Ventures/ Partnerships
             11.1.4 SWOT ANALYSIS
             11.1.5 MNM VIEW
     11.2 CHART INDUSTRIES
             11.2.1 BUSINESS OVERVIEW
             11.2.2 PRODUCT OFFERINGS
             11.2.3 RECENT DEVELOPMENTS Contracts & Agreements/Mergers & Acquisitions/ Investments & Expansions/ Joint Ventures/ Partnerships
             11.2.4 SWOT ANALYSIS
             11.2.5 MNM VIEW
     11.3 PARKER HANNIFIN
             11.3.1 BUSINESS OVERVIEW
             11.3.2 PRODUCT OFFERINGS
     11.4 TAYLOR-WHARTON
             11.4.1 BUSINESS OVERVIEW
             11.4.2 PRODUCT OFFERINGS
             11.4.3 RECENT DEVELOPMENTS Contracts & Agreements/Mergers & Acquisitions/ Investments & Expansions/ Joint Ventures/ Partnerships
     11.5 WESSINGTON CRYOGENICS
             11.5.1 BUSINESS OVERVIEW
             11.5.2 PRODUCT OFFERINGS
     11.6 INOXCVA
             11.6.1 BUSINESS OVERVIEW
             11.6.2 PRODUCT OFFERINGS
     11.7 CRYOFAB
             11.7.1 BUSINESS OVERVIEW
             11.7.2 PRODUCT OFFERINGS
     11.8 ACME CRYOGENICS
             11.8.1 BUSINESS OVERVIEW
             11.8.2 PRODUCT OFFERINGS
             11.8.3 RECENT DEVELOPMENTS Contracts & Agreements/Mergers & Acquisitions/ Investments & Expansions/ Joint Ventures/ Partnerships
     11.9 FLOWSERVE CORPORATION
             11.9.1 BUSINESS OVERVIEW
             11.9.2 PRODUCT OFFERINGS
             11.9.3 MNM VIEW
     11.10 EMERSON
             11.10.1 BUSINESS OVERVIEW
             11.10.2 PRODUCT OFFERINGS
             11.10.3 SWOT ANALYSIS
             11.10.4 MNM VIEW
     11.11 AIR PRODUCTS
             11.11.1 BUSINESS OVERVIEW
             11.11.2 PRODUCT OFFERINGS
             11.11.3 SWOT ANALYSIS
             11.11.4 MNM VIEW
     11.12 BEIJING TIANHAI CRYOGENIC EQUIPMENT
             11.12.1 BUSINESS OVERVIEW
             11.12.2 PRODUCT OFFERINGS
     11.13 HEROSE GMBH
             11.13.1 BUSINESS OVERVIEW
             11.13.2 PRODUCT OFFERINGS
     11.14 CRYOSTAR
             11.14.1 BUSINESS OVERVIEW
             11.14.2 PRODUCT OFFERINGS
     11.15 CRYOQUIP
             11.15.1 BUSINESS OVERVIEW
             11.15.2 PRODUCT OFFERINGS
     11.16 CRYOGAS INDUSTRIES
     11.17 SHELL-N-TUBE
     11.18 APPLIED CRYOTECHNOLOGY
     11.19 SHENGJIE CRYOGENIC EQUIPMENT PUBLIC LIMITED COMPANY
     11.20 MEYER TOOLS

12 APPENDIX (Page No. - 162)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS


LIST OF TABLES (119 Tables)

TABLE 1 CRYOGENIC EQUIPMENT MARKET: PLAYERS/COMPANIES CONNECTED
TABLE 2 CRYOGENIC EQUIPMENT MARKET SNAPSHOT
TABLE 3 CRYOGENIC EQUIPMENT MARKET SIZE, BY EQUIPMENT, 2018–2025 (USD MILLION)
TABLE 4 TANKS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 VALVES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 6 VAPORIZERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 PUMPS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 OTHERS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 10 NITROGEN: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 11 NITROGEN: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 12 OXYGEN: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 13 OXYGEN: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 ARGON: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 15 ARGON: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 16 LNG: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 17 LNG: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 OTHERS: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 19 OTHERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 21 METALLURGY CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 22 METALLURGY: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 24 ENERGY & POWER: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 CHEMICALS: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 26 CHEMICALS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 28 ELECTRONICS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 SHIPPING: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 30 SHIPPING: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 OTHERS: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 32 OTHERS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 33 CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 34 ASIA PACIFIC CRYOGENIC EQUIPMENT MARKET SIZE, BY EQUIPMENT, 2018-2025 (USD MILLION)
TABLE 35 ASIA PACIFIC MARKET SIZE, BY CRYOGEN, 2018-2025 (USD MILLION)
TABLE 36 ASIA PACIFIC MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 37 ENERGY & POWER: ASIA PACIFIC CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 38 CHEMICALS: ASIA PACIFIC MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 39 METALLURGY: ASIA PACIFIC MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 40 ELECTRONICS: ASIA PACIFIC MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 41 SHIPPING: ASIA PACIFIC MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 42 OTHERS: ASIA PACIFIC MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 43 ASIA PACIFIC CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 44 CHINA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 45 INDIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 46 AUSTRALIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER,  2018–2025 (USD MILLION)
TABLE 47 JAPAN: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 48 MALAYSIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER,  2018–2025 (USD MILLION)
TABLE 49 REST OF ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER,  2018–2025 (USD MILLION)
TABLE 50 EUROPE CRYOGENIC EQUIPMENT MARKET SIZE, BY EQUIPMENT, 2018-2025 (USD MILLION)
TABLE 51 EUROPE MARKET SIZE, BY CRYOGEN, 2018-2025 (USD MILLION)
TABLE 52 EUROPE MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 53 ENERGY & POWER: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 54 CHEMICALS: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 55 METALLURGY: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 56 ELECTRONICS: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 57 SHIPPING: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 58 OTHERS: EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 59 EUROPE MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 60 RUSSIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 61 UK: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 62 GERMANY: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 63 FRANCE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 64 REST OF EUROPE: MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 65 NORTH AMERICA CRYOGENIC EQUIPMENT MARKET SIZE, BY EQUIPMENT, 2018-2025 (USD MILLION)
TABLE 66 NORTH AMERICA MARKET SIZE, BY CRYOGEN, 2018-2025 (USD MILLION)
TABLE 67 NORTH AMERICA MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 68 ENERGY & POWER: NORTH AMERICA CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 69 CHEMICALS: NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 70 METALLURGY: NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 71 ELECTRONICS: NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 72 SHIPPING: NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 73 OTHERS: NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 74 NORTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 75 US: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 76 CANADA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 77 MEXICO: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 78 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY EQUIPMENT, 2018–2025 (USD MILLION)
TABLE 79 MIDDLE EAST: MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 80 MIDDLE EAST: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 81 ENERGY & POWER: MIDDLE EAST CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 82 CHEMICALS: MIDDLE EAST MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 83 METALLURGY: MIDDLE EAST MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 84 ELECTRONICS: MIDDLE EAST MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 85 SHIPPING: MIDDLE EAST MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 86 OTHERS: MIDDLE EAST MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 87 MIDDLE EAST: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 88 SAUDI ARABIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 89 UAE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 90 QATAR: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 91 REST OF MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 92 AFRICA: MARKET SIZE, BY EQUIPMENT, 2018–2025 (USD MILLION)
TABLE 93 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN, 2018–2025 (USD MILLION)
TABLE 94 AFRICA: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 95 ENERGY & POWER: AFRICA CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 96 CHEMICALS: AFRICA MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 97 METALLURGY: AFRICA MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 98 ELECTRONICS: AFRICA MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 99 SHIPPING: AFRICA MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 100 OTHERS: AFRICA MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 101 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 102 SOUTH AFRICA: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 103 NIGERIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 104 ALGERIA: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 105 REST OF AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 106 SOUTH AMERICA: MARKET SIZE, BY EQUIPMENT, 2018-2025 (USD MILLION)
TABLE 107 SOUTH AMERICA: MARKET SIZE, BY CRYOGEN, 2018-2025 (USD MILLION)
TABLE 108 SOUTH AMERICA: MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 109 ENERGY & POWER: SOUTH AMERICA CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 110 CHEMICALS: SOUTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 111 METALLURGY: SOUTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 112 ELECTRONICS: SOUTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 113 SHIPPING: SOUTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 114 OTHERS: SOUTH AMERICA MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 115 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 116 BRAZIL: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 117 ARGENTINA: MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 118 VENEZUELA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)
TABLE 119 REST OF SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2018–2025 (USD MILLION)


LIST OF FIGURES (34 Figures)

FIGURE 1 CRYOGENIC EQUIPMENT MARKET: RESEARCH DESIGN
FIGURE 2 RESEARCH METHODOLOGY: ILLUSTRATION OF CRYOGENIC EQUIPMENT COMPANY REVENUE ESTIMATION (2019)
FIGURE 3 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
FIGURE 4 DATA TRIANGULATION METHODOLOGY
FIGURE 5 ASIA PACIFIC HELD THE LARGEST MARKET SHARE IN THE CRYOGENIC EQUIPMENT MARKET IN 2019
FIGURE 6 TANKS ARE EXPECTED TO DOMINATE THE MARKET, BY EQUIPMENT, DURING THE FORECAST PERIOD
FIGURE 7 NITROGEN SEGMENT IS EXPECTED TO LEAD THE MARKET, BY CRYOGEN, DURING THE FORECAST PERIOD
FIGURE 8 METALLURGY SEGMENT ACCOUNTED FOR HIGHEST MARKET SHARE IN THE MARKET, BY END-USER, IN 2019
FIGURE 9 HIGH DEMAND FOR INDUSTRIAL GASES AND INVESTMENTS IN LNG INFRASTRUCTURE BOOST THE MARKET GROWTH, 2020–2025
FIGURE 10 VAPORIZERS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE MARKET DURING THE FORECAST PERIOD
FIGURE 11 LNG SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE CRYOGENIC EQUIPMENT MARKET BETWEEN 2020 AND 2025
FIGURE 12 ELECTRONICS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR IN THE CRYOGENIC EQUIPMENT MARKET DURING THE FORECAST PERIOD
FIGURE 13 CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 14 METALLURGY (END-USER) AND CHINA (COUNTRY) DOMINATED THE ASIA PACIFIC MARKET IN 2019
FIGURE 16 WORLD STEEL PRODUCTION TRENDS
FIGURE 17 NUMBER OF OIL REFINERIES BY REGION, 2018
FIGURE 18 MAJOR CRYOGENIC EQUIPMENT ACROSS THE LNG VALUE CHAIN
FIGURE 19 CRYOGENIC EQUIPMENT SUPPLY CHAIN
FIGURE 20 TANKS SEGMENT IS EXPECTED TO DOMINATE THE GLOBAL MARKET DURING THE FORECAST PERIOD
FIGURE 21 NITROGEN LED THE MARKET, BY CRYOGEN, IN 2019
FIGURE 22 ELECTRONICS END-USER SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 23 CHINA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 24 ASIA PACIFIC TO LEAD THE GLOBAL CRYOGENIC EQUIPMENT MARKET DURING THE FORECAST PERIOD
FIGURE 25 INCREASING LNG IMPORTS DRIVE THE DEMAND FOR CRYOGENIC EQUIPMENT IN EUROPE
FIGURE 26 KEY DEVELOPMENTS IN THE CRYOGENIC EQUIPMENT MARKET, FROM JANUARY 2017 TO FEBRUARY 2020
FIGURE 27 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2018
FIGURE 28 CRYOGENIC EQUIPMENT MARKET COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 29 LINDE PLC TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 30 CHART INDUSTRIES: COMPANY SNAPSHOT
FIGURE 31 PARKER HANNIFIN: COMPANY SNAPSHOT
FIGURE 32 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
FIGURE 33 EMERSON: COMPANY SNAPSHOT
FIGURE 34 AIR PRODUCTS: COMPANY SNAPSHOT

This study involved four major activities in estimating the current size of the global cryogenic equipment market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to determine the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global cryogenic equipment market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The cryogenic equipment market comprises several stakeholders, such as end-product manufacturers, industrial gas providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as metallurgy, electronics, energy & power, and chemicals, and others. The supply-side is characterized by cryogenic equipment providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:

Cryogenic Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global cryogenic equipment market and its dependent submarkets. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market share has been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.  

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, segment, and forecast the global cryogenic equipment market based on type, mechanism, well type, application, and region.
  • To provide detailed information about the significant factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
  • To strategically analyze the global cryogenic equipment market with respect to individual growth trends, future expansions, and contributions of each segment to the market.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
  • To forecast the growth of the global cryogenic equipment market with respect to the main regions (North America, Europe, Middle East, Africa, Asia Pacific, and South Central America.
  • To profile and rank key players and comprehensively analyze their market share.
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the cryogenic equipment market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Cryogenic Equipment Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Cryogenic Equipment Market

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