Market Research Logo

Cryogenic Equipment Market Analysis By Product (Tanks, Valves, Pumps & Vaporizers, Vacuum Jacketed Pipes), By Gas (Nitrogen, Oxygen, Argon, Natural Gas), By Application (Distribution, Storage), By End-Use (Oil & Gas, Metallurgy, Electronics, Power & Energ

Cryogenic Equipment Market Analysis By Product (Tanks, Valves, Pumps & Vaporizers, Vacuum Jacketed Pipes), By Gas (Nitrogen, Oxygen, Argon, Natural Gas), By Application (Distribution, Storage), By End-Use (Oil & Gas, Metallurgy, Electronics, Power & Energy, Food & Beverage, Healthcare, Marine) And Segment Forecasts To 2022

The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.

Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.

Further key findings from the report suggest:

Tanks accounted for over 55% of the overall revenue in 2014. The need to store gases for several critical industrial processes as against conventional cooling lubricants (CLFs) is anticipated to drive the product demand over forecast period.

Storage segment contributed over 65% of the overall revenue and is projected to display substantial growth with a CAGR exceeding 8% from 2015 to 2022. It provides a consistent and accurate temperature for storage and is expected to play a vital role in driving demand.

Growth in the power & energy segment can be primarily attributed to rapid industrialization and several government initiatives. The segment accounted for over 20% of the revenue in 2014.

Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.

North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years; a trend anticipated to provide an impetus for future market growth.

Key market participants include Cryo pure, Packo Industry, Cryofab, Shell-N-Tube, Cryodepot, and Taylor-Wharton International LLC. Industry participants strive to focus on innovation and technical knowledge while simultaneously trying to own several patents and trademarks along with R&D activities. Purveyors abide by regulations such as DOE 6430.1A, DOE 5481.1B, DOE 5700.6C, CGA Pamphlet P-1, CGA Pamphlet S-1.1, ASME, and ASME B31.3 to manufacture safe and functional equipment.


Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Cryogenic equipment - Industry snapshot & key buying criteria, 2012 - 2022
Chapter 3. HEPA Filters Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Cryogenic equipment value chain analysis
3.4. Cryogenic equipment market dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising application of cryogenic gases
3.4.1.2. Rapid industrialization and growing power & energy demand
3.4.2. Market restraint analysis
3.4.2.1. Accidents with cryogenic hazards
3.5. Cryogenic equipment key company analysis, 2014
3.6. Key opportunities prioritized
3.7. Industry analysis - Porter's
3.8. Cryogenic equipment market PESTEL analysis, 2014
Chapter 4. Cryogenic Equipment Product Outlook
4.1. Tanks
4.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
4.2. Valves
4.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
4.3. Pumps & Vaporizers
4.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
4.4. Vacuum Jacketed Piping (VJP)
4.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
4.5. Others
4.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 5. Cryogenic Equipment Gas Outlook
5.1. Nitrogen
5.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
5.2. Oxygen
5.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
5.3. Argon
5.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
5.4. Natural Gas
5.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
5.5. Others
5.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 6. Cryogenic Equipment Application Outlook
6.1. Distribution
6.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
6.2. Storage
6.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 7. Cryogenic Equipment End-Use Outlook
7.1. Oil & Gas
7.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.2. Metallurgy
7.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.3. Electronics
7.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.4. Power & Energy
7.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.5. Food & Beverage
7.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.6. Healthcare
7.6.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
7.7. Marine
7.7.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 8. Cryogenic Equipment Regional Outlook
8.1. North America
8.1.1. North America market by product, 2012 - 2022 (USD Million)
8.1.2. North America market by gas, 2012 - 2022 (USD Million)
8.1.3. North America market by application, 2012 - 2022 (USD Million)
8.1.4. North America market by end-use, 2012 - 2022 (USD Million)
8.1.5. U.S.
8.1.5.1. U.S. market by product, (USD Million), 2012– 2022
8.1.5.2. U.S. market by gas, 2012 - 2022 (USD Million)
8.1.5.3. U.S. market by application, 2012 - 2022 (USD Million)
8.1.5.4. U.S. market by end-use, 2012 - 2022 (USD Million)
8.1.6. Canada
8.1.6.1. Canada market by product, 2012 - 2022 (USD Million)
8.1.6.2. Canada market by gas, 2012 - 2022 (USD Million)
8.1.6.3. Canada market by application, 2012 - 2022 (USD Million)
8.1.6.4. Canada market by end-use, 2012 - 2022 (USD Million)
8.2. Europe
8.2.1. Europe market by product, 2012 - 2022 (USD Million)
8.2.2. Europe market by gas, 2012 - 2022 (USD Million)
8.2.3. Europe market by application, 2012 - 2022 (USD Million)
8.2.4. Europe market by end-use, 2012 - 2022 (USD Million)
8.2.5. UK
8.2.5.1. UK market by product, 2012 - 2022 (USD Million)
8.2.5.2. UK market by gas, 2012 - 2022 (USD Million)
8.2.5.3. UK market by application, 2012 - 2022 (USD Million)
8.2.5.4. UK market by end-use, 2012 - 2022 (USD Million)
8.2.6. Germany
8.2.6.1. Germany market by product, 2012 - 2022 (USD Million)
8.2.6.2. Germany market by gas, 2012 - 2022 (USD Million)
8.2.6.3. Germany market by application, 2012 - 2022 (USD Million)
8.2.6.4. Germany market by end-use, 2012 - 2022 (USD Million)
8.2.7. Russia
8.2.7.1. Russia market by product, 2012 - 2022 (USD Million)
8.2.7.2. Russia market by gas, 2012 - 2022 (USD Million)
8.2.7.3. Russia market by application, 2012 - 2022 (USD Million)
8.2.7.4. Russia market by end-use, 2012 - 2022 (USD Million)
8.3. Asia Pacific
8.3.1. Asia Pacific market by product, 2012 - 2022 (USD Million)
8.3.2. Asia Pacific market by gas, 2012 - 2022 (USD Million)
8.3.3. Asia Pacific market by application, 2012 - 2022 (USD Million)
8.3.4. Asia Pacific market by end-use, 2012 - 2022 (USD Million)
8.3.5. China
8.3.5.1. China market by product, 2012 - 2022 (USD Million)
8.3.5.2. China market by gas, 2012 - 2022 (USD Million)
8.3.5.3. China market by application, 2012 - 2022 (USD Million)
8.3.5.4. China market by end-use, 2012 - 2022 (USD Million)
8.3.6. India
8.3.6.1. India market by product, 2012 - 2022 (USD Million)
8.3.6.2. India market by gas, 2012 - 2022 (USD Million)
8.3.6.3. India market by application, 2012 - 2022 (USD Million)
8.3.6.4. India market by end-use, 2012 - 2022 (USD Million)
8.3.7. Japan
8.3.7.1. Japan market by product, 2012 - 2022 (USD Million)
8.3.7.2. Japan market by gas, 2012 - 2022 (USD Million)
8.3.7.3. Japan market by application, 2012 - 2022 (USD Million)
8.3.7.4. Japan market by end-use, 2012 - 2022 (USD Million)
8.3.8. Korea
8.3.8.1. Korea market by product, 2012 - 2022 (USD Million)
8.3.8.2. Korea market by gas, 2012 - 2022 (USD Million)
8.3.8.3. Korea market by application, 2012 - 2022 (USD Million)
8.3.8.4. Korea market by end-use, 2012 - 2022 (USD Million)
8.4. Latin America
8.4.1. Latin America market by product, 2012 - 2022 (USD Million)
8.4.2. Latin America market by gas, 2012 - 2022 (USD Million)
8.4.3. Latin America market by application, 2012 - 2022 (USD Million)
8.4.4. Latin America market by end-use, 2012 - 2022 (USD Million)
8.4.5. Brazil
8.4.5.1. Brazil market by product, 2012 - 2022 (USD Million)
8.4.5.2. Brazil market by gas, 2012 - 2022 (USD Million)
8.4.5.3. Brazil market by application, 2012 - 2022 (USD Million)
8.4.5.4. Brazil market by end-use, 2012 - 2022 (USD Million)
8.4.6. Mexico
8.4.6.1. Mexico market by product, 2012 - 2022 (USD Million)
8.4.6.2. Mexico market by gas, 2012 - 2022 (USD Million)
8.4.6.3. Mexico market by application, 2012 - 2022 (USD Million)
8.4.6.4. Mexico market by end-use, 2012 - 2022 (USD Million)
8.5. Middle East &Africa
8.5.1. Middle East & Africa market by product, 2012 - 2022 (USD Million)
8.5.2. Middle East & Africa market by gas, 2012 - 2022 (USD Million)
8.5.3. Middle East & Africa market by application, 2012 - 2022 (USD Million)
8.5.4. Middle East & Africa market by end-use, 2012 - 2022 (USD Million)
Chapter 9. Competitive Landscape
9.1. Chart Industries
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4 .Strategic Initiatives
9.2. Cryo pure
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Cryodepot
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Cryofab
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Cryogenic Equipment & Services, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Cryogenic Systems Equipment, Inc.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Cryoquip
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. CryoVac
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. FIBA
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. HEROSE GmbH
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Packo Industry
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Shell-N-Tube
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Taylor-Wharton International LLC
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. The Linde Group
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. Wessington Cryogenics
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report