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Cryogenic Systems Market

Market Insights on Cryogenic Systems covering sales outlook, demand forecast & up-to-date key trends

Cryogenic Systems Market by Cryogen, End-Use & Region - Forecast 2022 - 2032

Cryogenic Systems Market Snapshot (2022-2032)

[250 Pages Report] Newly released Cryogenic Systems Market analysis report by Future Market Insights shows that global sales of Cryogenic Systems Market in 2021 were held at US$ 12.9 Bn. With 6.5%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Nitrogen is expected to be the highest revenue-generating cryogen, projected to grow at a CAGR of over 7.8% during 2022 – 2032.

Attributes

Details

Cryogenic Systems Market CAGR (2022-2032)

6.5%

Cryogenic Systems Market Size (2022)

US$ 13.6 Bn

Cryogenic Systems Market Size (2032)

US$ 25.5 Bn

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Revenue of Cryogenic Systems Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Cryogenic Systems Market research by Future Market Insights - market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Cryogenic Systems Market increased at around 5.8% CAGR.

Cryogenic tanks are used to store and transport liquefied industrial gases such as oxygen, hydrogen, nitrogen, helium, and argon. It is often designed to store liquid gases at temperatures less than -150°C. It is available in a number of forms and sizes, including horizontal, vertical, double-walled, and insulated options. It may be mobile or portable, as well as static or permanent. It is employed across several industries, including medical technology, food processing, electronics, and metal processing. It is extensively used to store LNG in LNG liquefaction facilities and tanker ships.

Natural gas use is growing as a result of its abundance, environmental friendliness, applications in a variety of sectors, and an ever-increasing energy need. Natural gas is high in demand in the power generating business. The carbon footprint of contemporary fossil-fuel power plants, such as coal plants, is causing concern among the general population. As part of their environmental protection and climate change commitments, governments throughout the world are adopting various policies and agreements to reduce their countries' carbon footprints. As the need for power rises, so does the need for sustainable energy production techniques, and LNG is one of the potential winners in this race.

  • Cryogenic Systems Market was valued at US$ 12.9 Bn in 2021. According to Future Market Insights, Cryogenic Systems Market revenue would increase 2X between 2022 and 2032, reaching roughly US$ 25.5 Bn in 2032.
  • In terms of Cryogen, the Nitrogen accounts for the highest projected CAGR of over 7.8%.
  • In terms of End Use of Cryogenic Systems, Metallurgy accounts for the highest CAGR of 5.2% during 2017-21.
  • US is the dominant region in the Cryogenic Systems Market with an absolute dollar growth opportunity of over US$ 3.6 Bn.

What Factors are Propelling Cryogenic Systems Demand?

The spike in demand for Cryogenic Systems across a variety of sectors, including electronics, healthcare, and power generation, has led to a rapid growth rate in the Cryogenic Systems market. Furthermore, use of Cryogenic Systems is expected to surge in the coming years owing to rising LNG production and strong demand for gases in the healthcare sector.

The growing demand for cryogenic gases for medical applications will drive market expansion in the coming years. Oxygen gas, for example, is in high demand in the medical business owing to the diagnosis of respiratory illnesses. Growing medical infrastructure and extensive application across a variety of sectors are projected to drive market growth in the next years.

Furthermore, industries such as aircraft, transportation, and railroads have a high demand for Cryogenic Systems, and this trend is expected to continue in the coming years. Improvements in Cryogenic Systems insulation methods are actively contributing to market growth.

Many governments throughout the world have planned to phase out coal-based electricity by 2020 in order to reduce greenhouse gas emissions. For the reasons stated above, several nations have begun to reduce their reliance on coal and increase their use on natural gas for energy and power generation. Liquefied natural gas (LNG), which contains various segments of Cryogenic Systems such as tanks, is more pleasant to transport and is expected to boost the market throughout the projection period.

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Which Industries Pulled the Growth Trigger in Cryogenic Systems Market?

In 2021, revenue through energy and power accounted for more than 25% of the global market. The increased requirement to augment oil production through methods such as enhanced oil recovery and hydraulic fracturing will drive up demand for these commodities across the sector. Furthermore, technological advancements in the finding of unconventional oil and gas resources such as tight gas, tight oil, shale gas, and coal bed methane will propel the industry ahead.

Region-wise Analysis

Which Region is projected to Offer the Largest Opportunity for Cryogenic Systems Market?

Asia Pacific will be a significant market by 2021, accounting for more than 30% of overall sales. In the absence of pipelines, LNG is stored in tanks and delivered as required. Demand has increased as a consequence of an increased investment in LNG transportation as an energy and fuel source in Asian nations. Asian healthcare institutions store and maintain rare blood types that need temperatures as low as 165°C.

Europe is likely to take a considerable market share during the forecast period due to its broad application in the food and beverage, healthcare, and electronics industries to preserve materials at low temperatures. LNG is preferred by the European government since it is a low-emission fuel that addresses environmental concerns. A massive volume of LNG is shipped to major European nations, generating demand for storage tanks for these gases.

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Country-wise Analysis

Which Country Lies at the CenterStage for Cryogenic Systems Market Revenue?

The United States is expected to account for the largest Cryogenic Systems market accounting for US$ 7.6 Bn by the end of 2032. The US market will increase rapidly due to the country's swelling capacity of natural gas liquefaction and huge expenditures on new exploration and production projects. The five additional projects announced by the government are Cameron, Cove Point, Corpus Christi, Freeport, and Elba Island, which increased the total US liquefaction capacity from 1.4 Bcf/d in 2016 to 9.5 Bcf/d by 2019.

The Chinese market is estimated to hit US$ 4 Bn by 2024. The rising manufacturing sector, helped by ongoing investments in expanding existing units, will promote corporate growth. In 2020, manufacturing value-added will contribute to around 29% of the country's GDP.

Furthermore, in 2021, China announced a long-awaited relaxation of foreign investment restrictions in a variety of sectors, including heavy industries, power grids, automotive, banking, and agricultural.

Category-wise Insights

Which Cryogen Segment is projected to Witness Fastest Growth among Cryogenic Systems Type?

The demand for Cryogenic Systems in LNG segment is forecasted to grow at the highest CAGR of over 7.8% during 2022-2032. This increase is attributable to the increasing need for improved studies based on past patterns and datasets in order to create data-enriched insight that would assist enterprises in better understanding the present situation.

LNG demand is growing all around the globe. According to the International Gas Union, LNG trading climbed by 9.8% year on year in 2018. To meet increased LNG demand, governments are investing heavily in LNG storage and regasification infrastructure. In 2018, two new regasification plants were launched in Bangladesh and Panama. Tanks, vaporizers, valves, and heat exchangers are among the tools required for such infrastructure projects. As a consequence of these reasons, Cryogenic Systems for LNG is predicted to grow at the highest CAGR of 7.8% throughout the forecast period.

Which End-Use of Cryogenic Systems is expected to Score Highest Growth in the Coming Years?

The power & energy sector accounted for more than 20% of overall Cryogenic Systems sales in 2021. Increased investment in the energy business, especially in developing markets, provides the potential for growth.

The power and energy sector uses Cryogenic Systems for increased fuel efficiency, lowering operating costs. They enable the storage, distribution, and handling of LNG at sea as well as on land. 

What is the impact of Covid-19 on Cryogenic Systems Market?

With the COVID-19, power costs in some locations, notably Europe reached all-time lows in the first half of 2020. Furthermore, due to the severity of the epidemic, businesses are focused primarily on key activities, leading industrial component installation to come to a halt. Due to the global shutdown, makers of these components are experiencing a variety of difficulties with order fulfillment. Cryogenic Systems installation has been impacted by the slowing of operations in various sectors, including rail transportation, healthcare, food and beverage, shipping, electronics, chemicals, metallurgy, and energy and power.

In order to solve the issue, most manufacturing units in India, as well as other countries in the Asia Pacific, are trying to manufacture a range of healthcare goods, including personal protective equipment (PPE) kits for emergency services. VRA Asia Pacific, for example, a company that develops and manufactures Cryogenic Systems, produces high-quality liquid cylinders and storage tanks for liquid oxygen storage.

Competitive Analysis

The industry is characterized by high competition due to the presence of a few well-established rivals. The market considers performance, price, technical experience, and the ability to design and manufacture Cryogenic Systems.

Existing companies like as Charts Industries, Linde Group, and Herose GmbH have made significant investments in R&D to decrease the dangers associated with this type of equipment. Furthermore, the growing demand for on-site gas supply in a wide range of sectors is compelling manufacturers to improve technology and apply aggressive management in all areas of production and distribution. A key business strategy utilized by notable purveyors is the acquisition of enterprises that complement a purveyor's current goods and services.

Some of the recent developments of key Cryogenic Systems providers are as follows:

  • In June 2021, Dalian Shipbuilding Industry, a subsidiary of China State Shipbuilding Corporation, announced that it has delivered dual-fuel VLCC 2x3500m³ which is a C-type LNG cryogenic storage tank.
  • In October 2020, Chemie-Tech was awarded an EPCC contract from HPCL Rajasthan Refinery Ltd (HRRL) for Cryogenic Double Wall Storage Tanks (DWST) along with the associated facilities at HPCL Rajasthan Refinery Ltd in Rajasthan, India.

Similarly, recent developments related to companies’ Cryogenic Systems services have been tracked by the team at Future Market Insights, which are available in the full report.

Cryogenic Systems Market Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Bn for Value

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, Middle East & Africa

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel.

Key Market Segments Covered

Cryogen , End Use, Region

Key Companies Profiled

  • Chart Industries
  • Cryo Pure
  • Cryodepot
  • Cryofab
  • Cryogenic Systems Equipment, Inc.
  • Cryoquip
  • FIBA
  • HEROSE GmbH
  • Packo Industry
  • Shell-N-Tube
  • The Linde Group
  • Wessington Cryogenics

Pricing

Available upon Request

Market Segments Covered in Cryogenic Systems Market Analysis

By Cryogen:

  • Nitrogen
  • Oxygen
  • Argon
  • LNG
  • Other Cryogen

 By End Use:

  • Energy & Power
  • Chemicals
  • Metallurgy
  • Electronics
  • Shipping
  • Other End-Use

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Frequently Asked Questions

The global Cryogenic Systems Market is worth more than US$ 12.9 Bn at present.

The value of the Cryogenic Systems Market is projected to increase at a CAGR of around 6.5% during 2022 – 2032.

The value of the Cryogenic Systems Market increased at a CAGR of around 5.1% during 2017 – 2021.

The growing need for efficient use of cryogenic energy, lowering operating costs, flexibility and fuel independence have been shaping the Cryogenic Systems demand.

The market for Cryogenic Systems Market in U.S. is projected to expand at a CAGR of around 6.6% during 2022 – 2032.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

4. Global Cryogenic Systems Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Cryogen

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Cryogen, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Cryogen, 2022-2032

        5.3.1. Nitrogen

        5.3.2. Oxygen

        5.3.3. Argon

        5.3.4. LNG

        5.3.5. Other Cryogen

    5.4. Y-o-Y Growth Trend Analysis By Cryogen, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Cryogen, 2022-2032

6. Global Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By End Use

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By End Use, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By End Use, 2022-2032

        6.3.1. Energy & Power

        6.3.2. Chemicals

        6.3.3. Metallurgy

        6.3.4. Electronics

        6.3.5. Shipping

        6.3.6. Other End-Use

    6.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021

    6.5. Absolute $ Opportunity Analysis By End Use, 2022-2032

7. Global Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021

    7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Cryogen

        8.2.3. By End Use

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Cryogen

        8.3.3. By End Use

    8.4. Key Takeaways

9. Latin America Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Cryogen

        9.2.3. By End Use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Cryogen

        9.3.3. By End Use

    9.4. Key Takeaways

10. Europe Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. Italy

            10.2.1.3. France

            10.2.1.4. U.K.

            10.2.1.5. Spain

            10.2.1.6. Russia

            10.2.1.7. BENELUX

            10.2.1.8. Rest of Europe

        10.2.2. By Cryogen

        10.2.3. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Cryogen

        10.3.3. By End Use

    10.4. Key Takeaways

11. Asia Pacific Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. India

            11.2.1.5. Rest of Asia Pacific

        11.2.2. By Cryogen

        11.2.3. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Cryogen

        11.3.3. By End Use

    11.4. Key Takeaways

12. MEA Cryogenic Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. GCC

            12.2.1.2. Rest of MEA

        12.2.2. By Cryogen

        12.2.3. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Cryogen

        12.3.3. By End Use

    12.4. Key Takeaways

13. Key Countries Cryogenic Systems Market Analysis

    13.1. U.S.

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2021

            13.1.2.1. By Cryogen

            13.1.2.2. By End Use

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2021

            13.2.2.1. By Cryogen

            13.2.2.2. By End Use

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2021

            13.3.2.1. By Cryogen

            13.3.2.2. By End Use

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2021

            13.4.2.1. By Cryogen

            13.4.2.2. By End Use

    13.5. Argentina

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2021

            13.5.2.1. By Cryogen

            13.5.2.2. By End Use

    13.6. Germany

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2021

            13.6.2.1. By Cryogen

            13.6.2.2. By End Use

    13.7. Italy

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2021

            13.7.2.1. By Cryogen

            13.7.2.2. By End Use

    13.8. France

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2021

            13.8.2.1. By Cryogen

            13.8.2.2. By End Use

    13.9. U.K.

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2021

            13.9.2.1. By Cryogen

            13.9.2.2. By End Use

    13.10. Spain

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2021

            13.10.2.1. By Cryogen

            13.10.2.2. By End Use

    13.11. Russia

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2021

            13.11.2.1. By Cryogen

            13.11.2.2. By End Use

    13.12. BENELUX

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2021

            13.12.2.1. By Cryogen

            13.12.2.2. By End Use

    13.13. China

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2021

            13.13.2.1. By Cryogen

            13.13.2.2. By End Use

    13.14. Japan

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2021

            13.14.2.1. By Cryogen

            13.14.2.2. By End Use

    13.15. South Korea

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2021

            13.15.2.1. By Cryogen

            13.15.2.2. By End Use

    13.16. India

        13.16.1. Pricing Analysis

        13.16.2. Market Share Analysis, 2021

            13.16.2.1. By Cryogen

            13.16.2.2. By End Use

    13.17. GCC Countries

        13.17.1. Pricing Analysis

        13.17.2. Market Share Analysis, 2021

            13.17.2.1. By Cryogen

            13.17.2.2. By End Use

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Cryogen

        14.3.3. By End Use

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. Chart Industries

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segment

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

                15.1.1.5.2. Product Strategy

        15.1.2. Cryo Pure

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segment

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

                15.1.2.5.2. Product Strategy

        15.1.3. Cryodepot

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segment

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

                15.1.3.5.2. Product Strategy

        15.1.4. Cryofab

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segment

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

                15.1.4.5.2. Product Strategy

        15.1.5. Cryogenic Systems Equipment, Inc.

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segment

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

                15.1.5.5.2. Product Strategy

        15.1.6. Cryoquip

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segment

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

                15.1.6.5.2. Product Strategy

        15.1.7. FIBA

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segment

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

                15.1.7.5.2. Product Strategy

        15.1.8. HEROSE GmbH

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segment

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

                15.1.8.5.2. Product Strategy

        15.1.9. Packo Industry

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segment

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

                15.1.9.5.2. Product Strategy

        15.1.10. Shell-N-Tube

            15.1.10.1. Overview

            15.1.10.2. Product Portfolio

            15.1.10.3. Profitability by Market Segment

            15.1.10.4. Sales Footprint

            15.1.10.5. Strategy Overview

                15.1.10.5.1. Marketing Strategy

                15.1.10.5.2. Product Strategy

        15.1.11. The Linde Group

            15.1.11.1. Overview

            15.1.11.2. Product Portfolio

            15.1.11.3. Profitability by Market Segment

            15.1.11.4. Sales Footprint

            15.1.11.5. Strategy Overview

                15.1.11.5.1. Marketing Strategy

                15.1.11.5.2. Product Strategy

        15.1.12. Wessington Cryogenics

            15.1.12.1. Overview

            15.1.12.2. Product Portfolio

            15.1.12.3. Profitability by Market Segment

            15.1.12.4. Sales Footprint

            15.1.12.5. Strategy Overview

                15.1.12.5.1. Marketing Strategy

                15.1.12.5.2. Product Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

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List of Tables

Table 1: Global Cryogenic Systems Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 3: Global Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

Table 4: North America Cryogenic Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 5: North America Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 6: North America Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

Table 7: Latin America Cryogenic Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 8: Latin America Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 9: Latin America Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

Table 10: Europe Cryogenic Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 11: Europe Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 12: Europe Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

Table 13: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 15: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

Table 16: MEA Cryogenic Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 17: MEA Cryogenic Systems Market Value (US$ Mn) Forecast by Cryogen, 2017-2032

Table 18: MEA Cryogenic Systems Market Value (US$ Mn) Forecast by End Use, 2017-2032

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List of Charts

Figure 1: Global Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 2: Global Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 3: Global Cryogenic Systems Market Value (US$ Mn) by Region, 2022-2032

Figure 4: Global Cryogenic Systems Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 5: Global Cryogenic Systems Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 6: Global Cryogenic Systems Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 7: Global Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 8: Global Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 9: Global Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 10: Global Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 11: Global Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 12: Global Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 13: Global Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 14: Global Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 15: Global Cryogenic Systems Market Attractiveness by Region, 2022-2032

Figure 16: North America Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 17: North America Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 18: North America Cryogenic Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 19: North America Cryogenic Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 20: North America Cryogenic Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 21: North America Cryogenic Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 22: North America Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 23: North America Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 24: North America Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 25: North America Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 26: North America Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 27: North America Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 28: North America Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 29: North America Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 30: North America Cryogenic Systems Market Attractiveness by Country, 2022-2032

Figure 31: Latin America Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 32: Latin America Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 33: Latin America Cryogenic Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 34: Latin America Cryogenic Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 35: Latin America Cryogenic Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 36: Latin America Cryogenic Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 37: Latin America Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 38: Latin America Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 39: Latin America Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 40: Latin America Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 41: Latin America Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 42: Latin America Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 43: Latin America Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 44: Latin America Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 45: Latin America Cryogenic Systems Market Attractiveness by Country, 2022-2032

Figure 46: Europe Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 47: Europe Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 48: Europe Cryogenic Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 49: Europe Cryogenic Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 50: Europe Cryogenic Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 51: Europe Cryogenic Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 52: Europe Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 53: Europe Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 54: Europe Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 55: Europe Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 56: Europe Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 57: Europe Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 58: Europe Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 59: Europe Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 60: Europe Cryogenic Systems Market Attractiveness by Country, 2022-2032

Figure 61: Asia Pacific Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 62: Asia Pacific Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 63: Asia Pacific Cryogenic Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 64: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 65: Asia Pacific Cryogenic Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 66: Asia Pacific Cryogenic Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 67: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 68: Asia Pacific Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 69: Asia Pacific Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 70: Asia Pacific Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 71: Asia Pacific Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 72: Asia Pacific Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 73: Asia Pacific Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 74: Asia Pacific Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 75: Asia Pacific Cryogenic Systems Market Attractiveness by Country, 2022-2032

Figure 76: MEA Cryogenic Systems Market Value (US$ Mn) by Cryogen, 2022-2032

Figure 77: MEA Cryogenic Systems Market Value (US$ Mn) by End Use, 2022-2032

Figure 78: MEA Cryogenic Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 79: MEA Cryogenic Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 80: MEA Cryogenic Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 81: MEA Cryogenic Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 82: MEA Cryogenic Systems Market Value (US$ Mn) Analysis by Cryogen, 2017-2032

Figure 83: MEA Cryogenic Systems Market Value Share (%) and BPS Analysis by Cryogen, 2022-2032

Figure 84: MEA Cryogenic Systems Market Y-o-Y Growth (%) Projections by Cryogen, 2022-2032

Figure 85: MEA Cryogenic Systems Market Value (US$ Mn) Analysis by End Use, 2017-2032

Figure 86: MEA Cryogenic Systems Market Value Share (%) and BPS Analysis by End Use, 2022-2032

Figure 87: MEA Cryogenic Systems Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 88: MEA Cryogenic Systems Market Attractiveness by Cryogen, 2022-2032

Figure 89: MEA Cryogenic Systems Market Attractiveness by End Use, 2022-2032

Figure 90: MEA Cryogenic Systems Market Attractiveness by Country, 2022-2032

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