Monday, 6 March 2017

Cryogenic Equipment Market to Grow at a CAGR of 6.05% During the Period 2016-2020

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:
  • 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
  • Chart Industries
  • Cryofab
  • 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
  • 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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