The global cryogenic technology market is growing at a considerable CAGR of 6.5% during the forecast period. Growing demand of technology adoption in medical sector is one of the prime factors affecting and driving the market. Growing demand for conduction cooling system along with increasing shift towards organ freezing among others is also estimated to be the prime factors that are contributing significantly towards the growth of the market. However, high cost that is involved in equipment along with cryogenic burn risk is the major factors constraints that are hindering the growth of the global cryogenic technology market across the globe.
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Further, the growing adoption of liquid nitrogen is one of the important factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global cryogenic technology market. For instance, in March 2021, one of the leading manufacturers of cryogenic technology equipment and solutions, named as Inoxcva India Pvt Ltd. had introduced the first ever LNG dispenser in India. This will play an efficient role in supporting LNG that are environmentally friendly in heavy motor transportation which is considered for long distance travelling.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Cryogenic Technology Market by Treatment
- Shallow Cryogenics
- Flooding
- Deep Cryogenics
Global Cryogenic Technology Market by Product
- Vaporizer
- Valve
- Pump
- Tank
- Other
Global Cryogenic Technology Market by Application
- Mechanical Application
- Medical Science
- Gas Industry
- Food Preservation
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acme Cryogenics
- Air Liquide
- Asia Technical Gas Co Pte Ltd.
- Beijing Tianhai Industry co., Ltd.
- Cryofab
- Chart Industries
- DFL Italia Srl
- Emerson Electric Co.
- Flowserve Corp.
- HABONIM INDUSTRIAL VALVES & ACTUATORS Ltd.
- HEROSE GMBH
- INOXCVA INDIA PVT LTD.
- Linde
- Meca-Inox
- Nikkiso Co., Ltd.
- The VRV Group
- Wessington Cryogenics
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cryogenic technology market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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