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Cryogenic Equipment Market Anticipated to Reach $17.4 billion by 2027

[247 Pages Report] The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain.

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Cryogenic Equipment Market Anticipated to Reach $17.4 billion by 2027

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  1. Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region - Global forecast to 2027 www.MarketsandMarkets.com

  2. The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain. View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/cryogenic-equipment-market-735.html

  3. Tank: The largest segment of the cryogenic equipment market, by equipment The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak detection equipment, dispensers, and accessories (manifolds, fittings, vacuum jacketed/insulated piping, hoses, connections. Increasing LNG production and high demand for industrial gases is expected to drive the equipment segment, which consequently increases the demand for cryogenic equipment. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=735

  4. The tank segment is expected to be the largest segment of the cryogenic equipment market, by equipment, during the forecast period The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak detection equipment, dispensers, and accessories (manifolds, fittings, vacuum jacketed/insulated piping, hoses, connections). The tanks is estimated to have the largest market share. Increasing LNG production and high demand for industrial gases is expected to drive the equipment segment, which consequently increases the demand for cryogenic equipment.

  5. The LNG segment is expected to be the most significant cryogenic equipment market, by cryogen The cryogenic equipment market, by cryogen, is segmented into nitrogen, argon, oxygen, LNG, hydrogen, and others. Other cryogenic gases include helium, nitrous oxide, ethylene, and carbon dioxide. Rising demand for hydrogen fuel cells and cleaner energy is expected to drive the cryogen segment of the cryogenic equipment market during the forecast period.

  6. Browse >> 231market data tables 54 figures 247 pagesand in-depth TOC on “Cryogenic Equipment Market- Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  7. Asia Pacific is expected to dominate the global cryogenic equipment market The Asia Pacific region is estimated to be the largest market for the cryogenic equipment market, followed by north America. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the North American cryogenic equipment market is expected to be driven by increasing E&P activities concerned with clean energy revolution. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=735

  8. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the • . These include • Linde plc (Ireland), • Air Liquide (France), • Air Products Inc (US), • Chart Industries (Georgia) • and PARKER HANNIFIN CORP (US) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=735

  9. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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