Cryogenic is a technology used for producing and addresses behavior of material at very low temperature. Cryogenic technology market covers huge applications in various industries such as electrical, oil & gas, medical, electronic industries, food and beverage and so on. Cryogenic equipment includes valve, pump, tank, vaporizer. The growth influencers for the cryogenic market are adoption of this technology in medical sector for preservation and increasing demand for cryogenic equipment in food industry. Additional to this there is increasing demand for organ freezing is the major driving factor for this market
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However, lack of skilled professionals and expensive equipment are the major restraining factor for this industry. whereas the increasing trend of adoption of liquid nitrogen as an alternative of conventional refrigerants and continuous R&D in compactness of electrical and optical devices will turn out to be huge opportunity for this market.
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Geographically market is divided into North America, Europe, Asia Pacific and Rest of the World. North America region is growing with a significant growth and is dominating the overall global cryogenic market. Adoption of cryogenic for various application such as medical sector, Gas industry and for food preservation in the US market are the motive factors. APAC emerging as a growing market for this technology. The increase in investment in transportation of LNG is a key attributor for the growth of the market in APAC region.
Global Cryogenic Technology Market – Company Profiles
- Acme Cryogenics Inc.
- Air Liquide
- Asia Technical Gas
- Beijing Tianhai Cryogenic Equipments Co., Ltd.
- Cryofab
- Cryoquip Llc.
- Dezurik
- Dfl Italia Srl
- Flowserve Corporation
- Habonim Industrial Valves& Actuators
- Herose Gmbh
Global Cryogenic Technology Market- Segmentation
By Application
- Mechanical Application
- Medical Science
- Space
- Gas Industry
- Food Preservation
- Others (Food Preservation, Superconductivity, High Energy Physics)
By Product
- Vaporizer
- Valve
- Pump
- Tank
- Others
By Treatment
- Shallow Cryogenics
- Flooding
- Deep Cryogenics
Global Cryogenic Technology Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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