Global Cryogenic Products Market to Reach $9.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Cryogenic Products estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$9.6 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 10.7% CAGR
The Cryogenic Products market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Select Competitors (Total 34 Featured):
Amid the COVID-19 crisis, the global market for Cryogenic Products estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$9.6 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 10.7% CAGR
The Cryogenic Products market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Select Competitors (Total 34 Featured):
- Acme Cryogenics
- Air Products
- Applied Cryotechnology
- Beijing Tianhai Cryogenic Equipment
- Chart Industries
- Cryofab
- Cryogas Industries
- Cryoquip
- Cryostar
- Emerson
- Flowserve Corporation
- Herose GmbH
- Inoxcva
- Linde Plc
- Meyer Tools
- Parker Hannifin
- Shell-N-Tube
- Shengjie Cryogenic Equipment Public Limited Company
- Taylor-Wharton
- Wessington Cryogenics
Frequently Asked Questions about the Global Market for Cryogenic Products
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Report Attribute | Details |
---|---|
Published | April 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD ) in 2020 | $ 6 Billion |
Forecasted Market Value ( USD ) by 2027 | $ 9.6 Billion |
Compound Annual Growth Rate | 6.9% |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- Acme Cryogenics
- Air Products
- Applied Cryotechnology
- Beijing Tianhai Cryogenic Equipment
- Chart Industries
- Cryofab
- Cryogas Industries
- Cryoquip
- Cryostar
- Emerson
- Flowserve Corporation
- Herose GmbH
- Inoxcva
- Linde Plc
- Meyer Tools
- Parker Hannifin
- Shell-N-Tube
- Shengjie Cryogenic Equipment Public Limited Company
- Taylor-Wharton
- Wessington Cryogenics