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Cryogenic Equipment Market Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

Author : Rahul Sankrityayan | Published Date : 2019-11-06 

Global Market Insights has introduced a report on Cryogenic Equipment Market Analysis that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

In line with the rapid industrialization and surging requirement of cryogenic products, players in the cryogenic equipment market have been investing extensively in capacity expansions and construction of new facilities. Rise in power requirement along with the escalating involvement of energy companies in power generation to fulfil the surging energy needs is poised to impel the industry trends over the years ahead.

 Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2918

For instance, a few months before, leading midstream energy company, Targa Resources Corp opened a cryogenic gas processing unit, wherein it plans to cool natural gas that is used prominently in the power plants to separate natural gas liquids and dry natural gas. In addition, Targa has been involved in research and development activities to diversify its product portfolio for enhancing its existing consumer base. The deployment of innovative cryogen processing facilities across myriad countries is thus slated to strengthen the industry outlook.

Taking into account the growing expanse of cryogenic equipment market, leading equipment manufacturers have been looking forward to extending their regional reach. For instance, the Swiss advanced cryogenic equipment manufacturer, Sefco AG is planning to expand its presence across APAC by establishing a new subsidiary, Sefco China.

These storage methodologies demand extreme hygiene and precaution while handling biological materials, which has led to cryogenic product and service providers providing training to technicians. The growing number of trained professionals endowed with the knowledge of using cryogenic equipment for medical applications is likely to add a new growth dimension to cryogenic equipment market from the healthcare sector.

All in all, initiatives taken by the companies to expand their footprints across the globe by providing broader set of solutions is poised to improve the product demand. The shifting focus of the companies to target prominent consumers of cryogenic equipment by providing optimized technology services will also have a significant influence on the industry trends. Driven by the surging industrialization and transforming healthcare services, cryogenic equipment market will surpass a revenue collection of USD 25 billion by the end of 2024.

Partial Table of Contents (ToC) of the report:

Chapter 4  Cryogenic Equipment Market, By Product

4.1  Cryogenic Equipment Market share by product, 2017 & 2024

4.2  Tanks

4.2.1  Global market from tanks, 2013 – 2024

4.2.2  Global market from tanks, by region, 2013 - 2024

4.3  Valves

4.3.1  Global market from valves, 2013 – 2024

4.3.2  Global market from valves, by region, 2013 - 2024

4.4  Vaporizers

4.4.1  Global market from vaporizers, 2013 – 2024

4.4.2  Global market from vaporizers, by region, 2013 - 2024

4.5  Pumps

4.5.1  Global market from pumps, 2013 – 2024

4.5.1.1   Global market from pumps, by region, 2013 - 2024

4.6  Pipes

4.6.1  Global market from pipes, 2013 – 2024

4.6.1.1   Global market from pipes, by region, 2013 - 2024

4.7  Others

4.7.1  Global market from others, 2013 – 2024

4.7.1.1   Global market from others, by region, 2013 - 2024

Chapter 5  Cryogenic Equipment Market, By Cryogen

5.1  Cryogenic Equipment market share by cryogen, 2017 & 2024

5.2  Nitrogen

5.2.1  Global market from nitrogen, 2013 – 2024

5.2.2  Global market from nitrogen by region, 2013 – 2024

5.3  Oxygen

5.3.1  Global market from oxygen, 2013 – 2024

5.3.2  Global market from oxygen by region, 2013 – 2024

5.4  Natural gas

5.4.1  Global market from natural gas, 2013 – 2024

5.4.2  Global market from natural gas by region, 2013 – 2024

5.5  Argon

5.5.1  Global market from argon, 2013 – 2024

5.5.2  Global market from argon by region, 2013 – 2024

5.6  Others

5.6.1  Global market from others, 2013 – 2024

5.6.2  Global market from others by region, 2013 – 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/cryogenic-equipment-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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