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Global Cryogenic Equipment Market Is Expected To Reach $19 Billion By 2030 - An Exclusive Market Research Report By Lucintel
Lucintel's latest study found that, the future of the global cryogenic equipment market looks promising with opportunities in the nitrogen, argon, oxygen, LNG, hydrogen markets. The global cryogenic equipment market is expected to reach an estimated $19 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are growing demand for technical gases in various industries, rising investments in LNG power plants, and increasing focus of the government on improvising industrial policies and regulations.
In this market, tanks, valves, vaporizers, and pumps are the major segments of cryogenic equipment market by equipment.
Lucintel forecasts that tanks will remain the largest segment over the forecast period due to growing need for maintaining gases for multiple essential industrial processes against traditional cooling lubricants.
Browse in depth TOC of the Cryogenic Equipment Market
100 - Figures
150-Pages
Cryogenic Equipment Market is marked by presence of several big and small players. Air Liquide, Linde, Praxair, Messer, Chart Industries, Cryogenic Industries, ...
... IHI Corporation, Chart Ferox, Chart Energy & Chemicals, and Howden are the major suppliers in the cryogenic equipment market."
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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