Global Cryogenic Equipment Market With A Significant Rise

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Cryogenic Equipment Market by Equipment (Tanks,
Valves, Vaporizers, Pumps, Others), Cryogen
(Nitrogen, Argon, Oxygen, LNG, and Others),
End-User (Energy Power, Chemicals, Metallurgy,
Electronics, Shipping, and Others), and Region -
Global forecast to 2025
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The cryogenic equipment market is projected to
reach USD 17.1 billion by 2025 from an estimated
USD 12.6 billion in 2020, at a CAGR of 6.4
during the forecast period. Increasing demand for
industrial gases and investments in LNG
infrastructure is driving the cryogenic equipment
market. Moreover, the increasing demand for
industrial gases from cryogenic energy storage
and cryoelectronics manufacturing is likely to
bring opportunities for the cryogenic equipment
market. View detailed Table of Content here
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The vaporizer segment is expected to grow at the
highest CAGR from 2020 to 2025. Cryogenic
vaporizers are used for high volume vaporization
and regasification of industrial gases like LNG
to release them in a controlled flow. The various
types of vaporizers are ambient vaporizers, water
bath vaporizers, shell and tube vaporizers,
electric vaporizers, and well service vaporizers.
Industries like metallurgy and chemicals are
observing increasing consumption for industrial
gases. For this, the industries have to set up
air separation units at their manufacturing
sites. These air separation units involve
different types of vaporizers for converting the
cryogenic liquid back into gaseous form for
end-use purposes. These factors have increased
the demand for vaporizers. Make an Inquiry
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The Nitrogen segment is expected to lead the
global cryogenic equipment market during the
forecast period. Nitrogen is mostly used in
industries like energy power for enhanced oil
recovery. It is mostly used in fertilizer and
chemical industries. Fertilizer is the major
consumer of nitrogen. In 2019, According to the
National Center for Biotechnology Information,
every year, 50 million tons of nitrogen are
produced. This growth rate stimulated the demand
for equipment to handle and manage the Nitrogen.
However, the cryogen equipment market for
nitrogen is mature thus, there is a lesser year
on year demand for nitrogen handling and
cryogenic transportation equipment.

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Browse gtgt 119 market data
tables 34 figures
169 pages and in-depth TOC on
Cryogenic Equipment Market - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 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.
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Asia Pacific is expected to be the largest market
during the forecast period. North America,
Europe, South America, Asia Pacific, Middle East,
and Africa are the major regions considered for
the study of the market. Investments in the
energy sectors have grown considerably in the
past five years, creating a huge demand for the
cryogenic equipment in the region. The region is
developing into the fastest-growing end-market
for energy, power, and technologies. Also,
substantial growth in related industries such as
metallurgy, chemical manufacturing, food and
beverages, and energy power, which altogether
drives the growth of cryogenic equipment market.
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The Nitrogen segment is expected to lead the
global cryogenic equipment market during the
forecast period. Nitrogen is mostly used in
industries like energy power for enhanced oil
recovery. It is mostly used in fertilizer and
chemical industries. Fertilizer is the major
consumer of nitrogen. In 2019, According to the
National Center for Biotechnology Information,
every year, 50 million tons of nitrogen are
produced. This growth rate stimulated the demand
for equipment to handle and manage the Nitrogen.
However, the cryogen equipment market for
nitrogen is mature thus, there is a lesser year
on year demand for nitrogen handling and
cryogenic transportation equipment.
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• 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
  Cryogenic Equipment Market. These include
• Linde plc (Ireland),
• Chart Industries (US),
• Air Products (US),
• INOXCVA (India),
• Taylor Wharton (Japan),
• Cryofab (US) and many more...
• Buy Now -
• https//www.marketsandmarkets.com/Purchase/purchas
  e_reportNew.asp?id735

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