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Global Cryogenic Equipment Market 2019-2023

Global Cryogenic Equipment Market 2019-2023

About this market

The growing demand from the healthcare industry is one of the key factors expected to trigger the cryogenic equipment market during the forecast period. The equipment plays a crucial role in the activation and storage of the receptor cells without affecting their quality. In addition, cryogenic freezers are further used for biological storage of stem cells, bone marrow, human tissues, and cord blood, while being applicable in other sensitive biological and pharmaceutical applications, thus, boosting the cryogenic equipment market growth during the forecast period. Technavio’s analysts have predicted that the cryogenic equipment market will register a CAGR of over 6% by 2023.

Market Overview

Growing demand from healthcare industry

The growing demand for cold chain logistics in the healthcare industry will increase the demand for cryogenic equipment for applications such as stem therapy, regenerative medicine, immunotherapy, and cellular medicine.

Threat from faulty or loosely insulated cryogenic equipment

The leakage of gases due to faulty or loosely insulated cryogenic equipment can adversely affect the health of employees and people in the vicinity of cryogenic equipment.

For the detailed list of factors that will drive and challenge the growth of the cryogenic equipment market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented with the presence of several market players. Mobile tanks help enterprises in transporting liquefied gases efficiently and with less wastage, which encouraging vendors in the market to offer cryogenic mobile tanks to various end-users in industries such as oil and gas. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s

competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Cryogenic Equipment Market 2019-2023

Technavio recognizes the following companies as the key players in the global cryogenic equipment market: Chart Industries, Cryofab, Taylor-Wharton, The Linde Group, and Wessington Cryogenics.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the availability of cryogenic equipment on rent.”

According to the report, one of the major drivers for this market is the increase in demand for LNG.

Further, the report states that one of the major factors hindering the growth of this market is the growing demand for re-engineered cryogenic equipment.

Companies Mentioned

Chart Industries

Cryofab

Taylor-Wharton

The Linde Group

Wessington Cryogenics

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oil and gas storage and transportation market
      • Table Segments of global oil and gas storage and transportation market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power and energy - Market size and forecast 2018-2023
      • Table Power and energy - Market size and forecast 2018-2023 ($ millions)
      • Table Power and energy - Year-over-year growth 2019-2023 (%)
    • Petrochemical and chemicals - Market size and forecast 2018-2023
      • Table Petrochemical and chemicals - Market size and forecast 2018-2023 ($ millions)
      • Table Petrochemical and chemicals - Year-over-year growth 2019-2023 (%)
    • Metallurgy - Market size and forecast 2018-2023
      • Table Metallurgy - Market size and forecast 2018-2023 ($ millions)
      • Table Metallurgy - Year-over-year growth 2019-2023 (%)
    • Electronics - Market size and forecast 2018-2023
      • Table Electronics - Market size and forecast 2018-2023 ($ millions)
      • Table Electronics - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Emergence of cryogenic mobile tanks
    • Availability of cryogenic equipment on rent
    • Increasing use of customized cryogenic equipment
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Chart Industries
      • Table Chart Industries - Vendor overview
      • Table Chart Industries - Business segments
      • Table Chart Industries - Organizational developments
      • Table Chart Industries - Geographic focus
      • Table Chart Industries - Segment focus
      • Table Chart Industries - Key offerings
    • Cryofab
      • Table Cryofab - Vendor overview
      • Table Cryofab - Product segments
      • Table Cryofab - Key offerings
    • Taylor-Wharton
      • Table Taylor-Wharton - Vendor overview
      • Table Taylor-Wharton - Product segments
      • Table Taylor-Wharton - Key offerings
    • The Linde Group
      • Table The Linde Group - Vendor overview
      • Table The Linde Group - Business segments
      • Table The Linde Group - Organizational developments
      • Table The Linde Group - Geographic focus
      • Table The Linde Group - Segment focus
      • Table The Linde Group - Key offerings
    • Wessington Cryogenics
      • Table Wessington Cryogenics - Vendor overview
      • Table Wessington Cryogenics - Product segments
      • Table Wessington Cryogenics - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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