Title: Global Cryocooler Market to Witness 7.3% CAGR during 2017 - 2023 - PowerPoint PPT Presentation

Description: As per the research, the global cryocooler market is expected to reach $2,365.8 million by 2023, registering a CAGR of 7.3% during 2017 - 2023. Cryocooler refers to the mechanical device, used to generate cryogenic temperature and offers cooling to the environment and materials inside it. It follows the closed cycle thermodynamic mechanism and utilizes the flow of gas inside closed pipelines, absorbs the outer temperature and radiates it outside. The device typically uses helium, hydrogen or a mixture of gases to offer cryogenic temperatures. Some of the key application areas of cryocoolers include military, medical, commercial, environmental, energy, transport, research and development, and space. The global cryocooler market has been witnessing considerable demand from the developed economies owing to the briskly emerging technologies in the military and healthcare sectors. – PowerPoint PPT presentation