Cryocoolers are standalone devices utilized for providing cooling temperatures cryogenic levels. There are several types of cryocoolers available based upon the operating thermodynamic cycles. These cycles assist cryocoolers to attain different levels of cryogenic temperatures that are applicable to specific set of applications in plethora of industry verticals. The market growth is majorly attributed to the growing medical & healthcare services in emerging economies and the shortage of helium gas. Moreover, factors such as increased production of liquefied natural gas and increasing penetration of cryocoolers across semiconductor industry is also fuel growth in this space.
As such there has been no standardization over the range below which the temperatures are referred as cryogenic. Generally, temperatures below 100K are assumed as cryogenic across the industries. Cryocoolers are used in the transportation/storage of gases at extremely low temperatures. The incessant advancements in the field of Cryocoolers are opening a whole new range of applications in the various industrial domains.
Owing to the wide range of developments over the past 20 years has resulted in emergence of several novel applications for cryocoolers that offer various avenues for growth in the coming years. Increasing demand for cryogenic temperatures in the field of research and the improved technological innovations resulted in the rapid development of cryocoolers.
The global market for cryocoolers can be segmented based on the regenerative cryocooler into stirling, pulse tube and others, by non-regenerative cryocooler into Joule-Thomson, Brayton and Claude. Based on the temperature ranges the market is classified into 100K -300K, 50K-100K and others. The market is further classified based on the end-user industry applications into medical, transportation, power and energy, manufacturing and others. The final category of the market has been fragmented based on geographic regions encompassing Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). All these regions have been sub-categorized into eminent nations holding robust dynamics for Cryocoolers by thoroughly analyzing the applications, respective to each nation.
The report contains the most detailed and in-depth segmentation of the Cryocooler market. The global cryocooler market has been analyzed with respect to different parameters such as demand, supply and end-users.
The overall market has also been presented from the perspective of different geographical locations into standard geographic regions and key economies in the market. Competitive landscape for each of the segments is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments.
The global cryocooler market is estimated to reach $xxm in 2028 from $xxm in 2017 growing with CAGR of xx% during the forecast period. Asia-Pacific region is projected to dominate Cryocooler market among others owing to the rapidly growing manufacturing facilities, increasing industrial base and favorable government policies in developing nations such as China and India in this region.
Sample Companies Profiled in this Report are:
- Advanced Research Systems, Inc. (U.S.)
- Brooks Automation, Inc. (U.S.)
- Sunpower, Inc. (U.S.)
- Superconductor Technologies, Inc. (U.S.)
This report identifies the Cryocooler Market size in for the year 2016-2028. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to Cryocooler Market.