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Global Cryogenic Equipment Market value project to expand by 2029

The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The significant rise in the trade of liquid natural gas (LNG) owing to increasing usage of LNG by the countries to phase out the non-renewable source of energy high cost of anticipated to drive the growth of cryogenic equipment market. The rising utility of cryogenic equipment in several end-user verticals for storage and distribution of liquefied gases at a lower temperature is expected to drive the market growth. However, the costly process of liquefaction for c

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Global Cryogenic Equipment Market value project to expand by 2029

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  1. Global Cryogenic Equipment Market value project to expand by 2029 The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The significant rise in the trade of liquid natural gas (LNG) owing to increasing usage of LNG by the countries to phase out the non-renewable source of energy high cost of anticipated to drive the growth of cryogenic equipment market. The rising utility of cryogenic equipment in several end-user verticals for storage and distribution of liquefied gases at a lower temperature is expected to drive the market growth. However, the costly process of liquefaction for cryogenic gases is expected to hinder the cryogenic equipment market growth. The advancement and growing development of cryogenic technology in the field of healthcare is anticipated to create lucrative opportunities for the growth of the cryogenic equipment market during the forecast period. To request a sample of our report on Global Cryogenic Equipment Market https://www.omrglobal.com/request- sample/cryogenic-equipment-market For instance, in April 2020, Lined Plc. signed a new contract with Indian Oil Corp. Ltd. (IOCL), the largest refiner in India. Praxair India Pvt. Ltd., a wholly-owned subsidiary of Lined, announced to build, own and operate an air separation unit (ASU) to supply oxygen and nitrogen to its incumbent customer, IOCL, for its refinery at Parade, Orissa. The project is anticipated to support the expansion of the existing refinery into an integrated petrochemical complex. The plant will have a combined total gas capacity of 660 tons per day. A Full report on Global Cryogenic Equipment Market is available @ https://www.omrglobal.com/industry- reports/cryogenic-equipment-market Market Coverage •The market number available for – 2020-2027 •Base year- 2020 •Forecast period- 2021-2027 •Segment Covered- O By Equipment O By Cryogenic Type O By End-User Vertical •Regions Covered- O North America

  2. O Europe O Asia-Pacific O Rest of the World •Competitive Landscape- Confab Inc., Emerson Electric Co., Heroes GmbH, Honeywell International Inc., Lined PLC, and Thermo Fisher Scientific Inc. Key questions addressed by the report •What is the market growth rate? •Which segment and region dominate the market in the base year? •Which segment and region will project the fastest growth in the market? •How COVID-19 impacted the market? O Deviation from the pre-COVID-19 forecast O Ike in the Most affected region and segment •Who is the leader in the market? •How players are addressing challenges to sustain growth? •Where is the investment opportunity? Global Cryogenic Equipment Market Report Segment By Equipment •Tanks •Valves •Pumps & Vaporizers •Vacuum Jacketed Pipes By Cryogenics Type •Oxygen •Nitrogen •Argon

  3. •Natural Gas By End-User Vertical •Oil & Gas •Energy & Power •Food & Beverages •Medical & Healthcare •Chemical •Marine & Aerospace Global Cryogenic Equipment Market Report Segment by Region North America •United States • Canada Europe •UK •Germany •Italy •Spain •France •Rest of Europe Asia-Pacific •China •Japan • India •Rest of the Asia-Pacific Rest of the World For more customized Data Request for Report customization @ https://www.omrglobal.com/report- customization/cryogenic-equipment-market

  4. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anural Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

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