Global Cryogenic Equipment Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global cryogenic equipment market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period. With the significant rise in the demand for medical oxygen for the treatment of COVID-19 patients, a major hike in the demand for cryogenic tanks has been noticed across the globe. To meet the growing demand for cryogenic oxygen key market players of cryogenic equipment are adopting different growth strategies to maintain their competitiveness in the market. Geographical expansion, production facility expansion, mergers & acquisitions, partnerships, and collaboration among others are among some of the key strategies that are being adopted by market players.

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For instance, in April 2020, Linde Plc signed a new contract with Indian Oil Corp. Ltd. (IOCL), the largest refiner in India. Praxair India Pvt. Ltd., a wholly-owned subsidiary of Linde, announced to build, own and operate an air separation unit (ASU) to supply oxygen and nitrogen to its incumbent customer, IOCL, for its refinery at Paradip, Orissa. The project is anticipated to support the expansion of the existing refinery into an integrated petrochemical complex. The plant will have a combined total gas capacity of 660 tons per day.

Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

Segment Covered- 

·        By Equipment

·        By Cryogenic Type

·        By End-User Vertical

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

·        Competitive Landscape- CryoFab Inc., Emerson Electric Co., Herose GmbH, Honeywell International Inc., Linde PLC, and Thermo Fisher Scientific Inc.

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A full Report of Global Cryogenic Equipment Market is Available at:  https://www.omrglobal.com/industry-reports/cryogenic-equipment-market

Global Cryogenic Equipment Market Report Segment

By Equipment

·        Tanks

·        Valves

·        Pumps & Vaporizers

·        Vacuum Jacketed Pipes

By Cryogenics Type 

·        Oxygen

·        Nitrogen

·        Argon

·        Natural Gas

By End-User Vertical 

·        Oil & Gas

·        Energy & Power

·        Food & Beverages

·        Medical & Healthcare

·        Chemical

·        Marine & Aerospace

Global Cryogenic Equipment Market Report Segment by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles 

·        Acme CRYOGENIC, Inc.

·        Air Products and Chemicals, Inc.

·        Beijing Tianhai Industry Co., Ltd.

·        Chart Industries

·        CryoFab, Inc.

·        Cryolor

·        Emerson Electric Co.

·        Flowserve Corp.

·        Furuise Europe

·        Herose GmbH

·        Honeywell International Inc.

·        INOX India Pvt. Ltd. (INOXCVA)

·        IWI Cryogenic Vaporization Systems (India) Pvt. Ltd.

·        Linde PLC

·        Parker-Hannifin Corp.

·        PBS Group, A.S.

·        Shell-N-Tube Pvt. Ltd.

·        Sumitomo Heavy Industries, Ltd.

·        Taylor-Wharton

·        Thermo Fisher Scientific, Inc.

·        VRV S.p. A.

·        Wessington CRYOGENIC, Ltd.

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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