Cryogenic technology involves production, maintenance, and application of low temperatures below 150?F. This technology has increased its scope of application from cold storage to core processes in various end-user industries.
The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.
The report analysts forecast the global cryogenic equipment market to grow at a CAGR of 6.05% during the period 2016-2020.
Covered in this report:
The report covers the present scenario and the growth prospects of the global cryogenic equipment market for 2016-2020. To calculate the market size, the report estimates the demand for cryogenic equipment from various end-user industries such as petrochemical and chemical, metallurgy, power, semiconductors, and others.
The market is divided into the following segments based on geography:
The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.
The report analysts forecast the global cryogenic equipment market to grow at a CAGR of 6.05% during the period 2016-2020.
Covered in this report:
The report covers the present scenario and the growth prospects of the global cryogenic equipment market for 2016-2020. To calculate the market size, the report estimates the demand for cryogenic equipment from various end-user industries such as petrochemical and chemical, metallurgy, power, semiconductors, and others.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global Cryogenic Equipment Market has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Key vendors
- Chart Industries
- Cryofab
- INOXCVA
- Linde
- VRV
- Wessington Cryogenics
Market driver
- Natural gas set to surpass coal in primary energy mix in coal-dominant economies
- For a full, detailed list, view our report
Market challenge
- Operational issues in LNG plants
- For a full, detailed list, view our report
Market trend
- Technological advances enhance scope of cryogenics
- For a full, detailed list, view our report
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Key questions answered in this report
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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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