Cryogenic Equipment Market by Product (Tank, Valve, Vaporizer, Pump), Cryogen (Nitrogen, Oxygen, Argon, LNG), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping) and Region - Global Forecast to 2021

 Published On: Sep, 2016 |    No of Pages: 161 |  Published By: MarketsandMarkets | Format: PDF
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Cryogenic equipment market to grow at a CAGR of 6.74% during the forecast period

The cryogenic equipment market is expected to reach a size of USD 22.42 billion by 2021, at a CAGR of 6.74% from 2016 to 2021. Factors such as increasing demand for LNG and improving healthcare services, especially in the developing economies are driving the market globally. Tanks is the largest segment of the cryogenic equipment market based on product type.

The shipping segment would grow at a faster pace during the forecast period

In terms of market, by end-user, the shipping application segment of the cryogenic equipment market is projected to grow at the faster pace during the forecast period, only next to electronics. Since large number of LNG terminals are being constructed around the world and as those fuels are transported generally by ships in large containers, the need for cryogenic equipment in the shipping industry is inevitable. Moreover, further developments are being done to use LNG as marine fuel which will certainly require cryogenic equipment for operation.

Asia-Pacific & Europe are the largest markets for cryogenic equipment

Asia-Pacific & Europe dominate the global cryogenic equipment market. In Asia-Pacific, the growth of the cryogenic equipment market can be attributed to factors such as increasing investments in the energy sector and substantial growth in other end-user industries such as food & beverage and electronics among others in this region. Meanwhile in Europe, countries have strict regulation governing the use of inland LNG-fueled ships. Certain countries such as Russia also plan to develop LNG-powered locomotives also. Hence, there is a wide scope for cryogenic equipment in this region.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1%–43%, Tier 2%–33%, and Tier 3%–24%
By Designation: C-Level–35%, Director Level–25%, and Engineer Level–40%
By Region: Asia-Pacific–45%, Europe–30%, Americas–15%, and RoW–10%

Note: Row = Rest of the World

The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 => USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 =< USD 1 billion

The industry’s leading players have been profiled with their recent developments and other strategic activities. These include Linde Group AG (Germany), Flowserve Corporation (U.S.), Air Liquide (France), VRV S.p.A. (Italy), and Chart Industries, Inc. (U.S.), among others.

Report Objective

• To analyze the cryogenic equipment market based on product type, cryogen type, end-user, and region
• To strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the overall market
• To analyze major driving factors, restraints, opportunities, burning issues, and winning imperatives in the cryogenic equipment market
• To analyze trends and forecasts of the cryogenic equipment market and its sub segments
• To analyze the major stakeholders in the cryogenic equipment market and provide a detailed competitive landscape for the leading players of the industry
• To analyze the industrial trends in major regions, namely, North America, Asia-Pacific, Europe, South America, Africa, and the Middle East
• To track and analyze competitive developments, such as contracts & agreements, expansions, new product launches and mergers & acquisitions in the global cryogenic equipment market, and profile the major players of the market

Stakeholders

The stakeholders included in this report are as follows:
• Cryogenic equipment manufacturers, dealers, and suppliers
• Cryogenic gases/liquid merchant producers, suppliers, and dealers
• Cryogenic plant developers and service providers
• LNG dealers
• Oil & gas companies
• Consulting companies in the E&P sector
• Cryogenic and cold storage associations
• Power and energy associations
• Shareholders and investors
• Investment banks

Market Segmentation

- By Product Type
• Tanks
• Valves
• Vaporizers
• Pumps
• Other Equipment

- By Cryogen Type
• Nitrogen
• Oxygen
• Argon
• LNG
• Other Cryogens

- By End-User
• Energy & Power
• Chemical
• Metallurgy
• Electronics
• Shipping
• Other Industries

- By Region
• North America
• South America
• Europe
• Africa
• The Middle East
• Asia-Pacific

Key target audience

• Cryogenic equipment manufacturers, dealers, and suppliers
• Cryogenic gases/liquid merchant producers, suppliers, and dealers
• Cryogenic plant developers and service providers
• LNG dealers
• Cryogenic and cold storage associations

Why buy this report?

1. The report identifies and addresses key markets for cryogenic equipment, which is useful for suppliers and OEMs to review production and distribution plans.
2. The report includes analysis of key countries by application of cryogenic equipment; for instance, its application in Energy & Power and Chemical industries. It analyzes historical trends and also forecast for 2021, assisting in strategic decision making.
3. It presents competition by analyzing recent market developments such as key contracts, new product launches, expansions, and mergers & acquisitions from the key global market players. It helps understand the competition strategies and plan respective initiatives.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY & PRICING 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 INTRODUCTION 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 25

3 EXECUTIVE SUMMARY 26
3.1 INTRODUCTION 26
3.2 HISTORICAL BACKDROP & EVOLUTION 26
3.3 CURRENT SCENARIO 27
3.4 FUTURE OUTLOOK 28
3.5 CONCLUSION 31

4 PREMIUM INSIGHTS 32
4.1 CRYOGENIC EQUIPMENT MARKET, BY PRODUCT TYPE 33
4.2 CRYOGENIC EQUIPMENT MARKET: PRODUCT TYPE VS. CRYOGEN TYPE 33
4.3 ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD 34
4.4 CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2021 35
4.5 CRYOGENIC EQUIPMENT MARKET, BY END-USER, 2021 35
4.6 LIFE CYCLE ANALYSIS, BY REGION 36

5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY PRODUCT TYPE 39
5.2.2 BY CRYOGEN TYPE 39
5.2.3 BY END-USER 40
5.2.4 BY REGION 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 41
5.3.1.1 Increasing LNG demand 41
5.3.1.2 Improving healthcare services in the developing economies 42
5.3.2 RESTRAINTS 42
5.3.2.1 Decrease in global steel production 42
5.3.3 OPPORTUNITIES 43
5.3.3.1 Space applications for cryogenic technologies 43
5.3.3.2 Cryogenic energy storage systems 43
5.3.3.3 Increasing infrastructure spending 43
5.3.4 CHALLENGES 43
5.3.4.1 Cryogen leakage 43
5.4 SUPPLY CHAIN ANALYSIS 44
5.5 PORTER’S FIVE FORCES ANALYSIS 45
5.5.1 THREAT OF NEW ENTRANTS 45
5.5.2 THREAT OF SUBSTITUTES 46
5.5.3 BARGAINING POWER OF SUPPLIERS 46
5.5.4 BARGAINING POWER OF BUYERS 46
5.5.5 INTENSITY OF COMPETITIVE RIVALRY 47

6 CRYOGENIC EQUIPMENT MARKET, BY PRODUCT TYPE 48
6.1 INTRODUCTION 49
6.2 TANK 50
6.3 VALVE 51
6.4 VAPORIZER 52
6.5 PUMP 53
6.6 OTHER EQUIPMENT 54
6.6.1 PIPE 54
6.6.2 REGULATOR 54
6.6.3 TUNNEL FREEZER 54
6.6.4 DEWAR 54
6.6.5 STRAINER 54
6.6.6 SAMPLER 54

7 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN TYPE 56
7.1 INTRODUCTION 57
7.2 NITROGEN 58
7.3 OXYGEN 58
7.4 LIQUEFIED NATURAL GAS 59
7.5 ARGON 60
7.6 OTHER CRYOGENS 60

8 CRYOGENIC EQUIPMENT MARKET, BY END-USER 62
8.1 INTRODUCTION 63
8.2 ENERGY & POWER 64
8.3 CHEMICALS 64
8.4 METALLURGICAL 65
8.5 ELECTRONICS 66
8.6 SHIPPING 67
8.7 OTHER INDUSTRIES 67

9 CRYOGENIC EQUIPMENT MARKET, BY REGION 69
9.1 INTRODUCTION 70
9.2 ASIA-PACIFIC 72
9.2.1 BY PRODUCT TYPE 73
9.2.2 BY CRYOGEN TYPE 73
9.2.3 BY END-USER 74
9.2.4 BY COUNTRY 74
9.2.4.1 China 75
9.2.4.2 India 76
9.2.4.3 Australia 76
9.2.4.4 Japan 77
9.2.4.5 Malaysia 78
9.2.4.6 Rest of Asia-Pacific 79
9.3 EUROPE 80
9.3.1 BY PRODUCT TYPE 82
9.3.2 BY CRYOGEN TYPE 82
9.3.3 BY END-USER 83
9.3.4 BY COUNTRY 83
9.3.4.1 U.K. 84
9.3.4.2 Russia 84
9.3.4.3 Germany 85
9.3.4.4 France 86
9.3.4.5 Rest of Europe 87
9.4 NORTH AMERICA 88
9.4.1 BY PRODUCT TYPE 89
9.4.2 BY CRYOGEN TYPE 89
9.4.3 BY END-USER 90
9.4.4 BY COUNTRY 90
9.4.4.1 U.S. 91
9.4.4.2 Canada 91
9.4.4.3 Mexico 92
9.5 THE MIDDLE EAST 93
9.5.1 BY PRODUCT TYPE 94
9.5.2 BY CRYOGEN TYPE 94
9.5.3 BY END-USER 95
9.5.4 BY COUNTRY 95
9.5.4.1 Saudi Arabia 96
9.5.4.2 Qatar 96
9.5.4.3 UAE 97
9.5.4.4 Rest of the Middle East 98
9.6 SOUTH AMERICA 99
9.6.1 BY PRODUCT TYPE 99
9.6.2 BY CRYOGEN TYPE 100
9.6.3 BY END-USER 100
9.6.4 BY COUNTRY 101
9.6.4.1 Brazil 101
9.6.4.2 Argentina 102
9.6.4.3 Venezuela 102
9.6.4.4 Rest of South America 103
9.7 AFRICA 104
9.7.1 BY PRODUCT TYPE 105
9.7.2 BY CRYOGEN TYPE 105
9.7.3 BY END-USER 106
9.7.4 BY COUNTRY 106
9.7.4.1 South Africa 107

10 COMPETITIVE LANDSCAPE 108
10.1 OVERVIEW 109
10.2 COMPETITIVE SITUATION & TRENDS 110
10.3 CONTRACTS & AGREEMENTS 112
10.4 EXPANSIONS 113
10.5 MERGERS & ACQUISITIONS 114
10.6 NEW PRODUCT LAUNCHES 114

11 COMPANY PROFILES 115 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 INTRODUCTION 115
11.2 AIR LIQUIDE 116
11.3 BEIJING TIANHAI INDUSTRY CO., LTD. 120
11.4 CHART INDUSTRIES INC. 121
11.5 CRYOFAB INC. 124
11.6 CRYOQUIP LLC. 127
11.7 EMERSON 129
11.8 FLOWSERVE CORPORATION 131
11.9 GRAHAM PARTNERS 134
11.10 PARKER HANNIFIN 135
11.11 HEROSE GMBH 138
11.12 INOX INDIA LTD. 139
11.13 LINDE GROUP AG 141
11.14 TAYLOR-WHARTON INTERNATIONAL LLC. 144
11.15 VRV S.P.A 146
11.16 WESSINGTON CRYOGENICS LTD. 149

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

12 APPENDIX 151
12.1 INSIGHTS OF INDUSTRY EXPERTS 151
12.2 DEVELOPMENTS 152
12.3 DISCUSSION GUIDE 156
12.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 157
12.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 159
12.6 AVAILABLE CUSTOMIZATIONS 160
12.7 RELATED REPORTS 160

LIST OF TABLES

TABLE 1 CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 50
TABLE 2 TANK: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 51
TABLE 3 VALVE: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 52
TABLE 4 VAPORIZER: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 53
TABLE 5 PUMP: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 53
TABLE 6 OTHER EQUIPMENT: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 55
TABLE 7 CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 57
TABLE 8 NITROGEN: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 58
TABLE 9 OXYGEN: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 59
TABLE 10 LIQUEFIED NATURAL GAS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 59
TABLE 11 ARGON: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 60
TABLE 12 OTHER CRYOGENS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 61
TABLE 13 CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 63
TABLE 14 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 64
TABLE 15 CHEMICALS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 65
TABLE 16 METALLURGICAL: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 66
TABLE 17 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 66
TABLE 18 SHIPPING: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 67
TABLE 19 OTHER INDUSTRIES: CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 68
TABLE 20 CRYOGENIC EQUIPMENT MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 70
TABLE 21 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 73
TABLE 22 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 73
TABLE 23 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 74
TABLE 24 ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 74
TABLE 25 CHINA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 75
TABLE 26 INDIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 76
TABLE 27 AUSTRALIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 77
TABLE 28 JAPAN: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 78
TABLE 29 MALAYSIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 79
TABLE 30 REST OF ASIA-PACIFIC: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 80
TABLE 31 EUROPE: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 82
TABLE 32 EUROPE: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 82
TABLE 33 EUROPE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 83
TABLE 34 EUROPE: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 83
TABLE 35 U.K.: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 84
TABLE 36 RUSSIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 85
TABLE 37 GERMANY: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 86
TABLE 38 FRANCE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 87
TABLE 39 REST OF EUROPE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 88
TABLE 40 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 89
TABLE 41 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 89
TABLE 42 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 90
TABLE 43 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 90
TABLE 44 U.S.: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 91
TABLE 45 CANADA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 92
TABLE 46 MEXICO: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 93
TABLE 47 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 94
TABLE 48 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 94
TABLE 49 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 95
TABLE 50 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 95
TABLE 51 SAUDI ARABIA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 96
TABLE 52 QATAR: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 97
TABLE 53 UAE: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 97
TABLE 54 REST OF THE MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 98
TABLE 55 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 99
TABLE 56 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 100
TABLE 57 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 100
TABLE 58 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 101
TABLE 59 BRAZIL: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 101
TABLE 60 ARGENTINA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 102
TABLE 61 VENEZUELA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 103
TABLE 62 REST OF THE SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 104
TABLE 63 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2014–2021 (USD MILLION) 105
TABLE 64 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY CRYOGEN TYPE, 2014–2021 (USD MILLION) 105
TABLE 65 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 106
TABLE 66 AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 106
TABLE 67 SOUTH AFRICA: CRYOGENIC EQUIPMENT MARKET SIZE, BY END-USER, 2014–2021 (USD MILLION) 107
TABLE 68 CONTRACTS & AGREEMENTS, 2012–2015 112
TABLE 69 EXPANSIONS, 2012–2015 113
TABLE 70 MERGERS & ACQUISITIONS, 2015–2016 114
TABLE 71 NEW PRODUCT LAUNCHES, 2013–2016 114
TABLE 72 NEW PRODUCT LAUNCHES, 2011–2014 152
TABLE 73 CONTRACTS & AGREEMENTS, 2011–2015 152
TABLE 74 EXPANSIONS, 2011–2012 155
TABLE 75 MERGERS & ACQUISITIONS, 2012–2015 155

LIST OF FIGURES

FIGURE 1 CRYOGENIC EQUIPMENT MARKET: RESEARCH DESIGN 18
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 5 DATA TRIANGULATION METHODOLOGY 24
FIGURE 6 EVOLUTION OF CRYOGENIC EQUIPMENT MARKET 27
FIGURE 7 ASIA-PACIFIC REGION DOMINATED THE CRYOGENIC EQUIPMENT MARKET IN 2015 28
FIGURE 8 ASIA-PACIFIC IS A POTENTIAL MARKET FOR CRYOGENIC EQUIPMENT DURING THE FORECAST PERIOD 29
FIGURE 9 TANKS IS THE LARGEST SEGMENT, BY PRODUCT TYPE, FROM 2016 TO 2021 29
FIGURE 10 NITROGEN MARKET SIZE, BY CRYOGEN TYPE, 2016–2021 (USD MILLION) 30
FIGURE 11 THE ENERGY & POWER IS LIKELY TO DOMINATE THE CRYOGENIC EQUIPMENT MARKET DURING THE FORECAST PERIOD 30
FIGURE 12 ATTRACTIVE MARKET OPPORTUNITIES IN THE CRYOGENIC EQUIPMENT MARKET 32
FIGURE 13 CRYOGENIC EQUIPMENT MARKET SHARE (VALUE), BY PRODUCT TYPE, 2016–2021 33
FIGURE 14 NITROGEN CRYOGEN TYPE HELD THE LARGEST MARKET SHARE IN 2016 33
FIGURE 15 CRYOGENIC EQUIPMENT MARKET SHARE (VALUE), BY COUNTRY, 2016 34
FIGURE 16 NITROGEN IS EXPECTED TO CONTINUE DOMINATING THE CRYOGENIC EQUIPMENT MARKET BY 2021 35
FIGURE 17 ENERGY & POWER SEGMENT IS EXPECTED TO DOMINATE THE CRYOGENIC EQUIPMENT MARKET 35
FIGURE 18 MIDDLE EAST IS EXPECTED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 36
FIGURE 19 CRYOGENIC EQUIPMENT MARKET: MARKET SEGMENTATION 38
FIGURE 20 BY PRODUCT TYPE 39
FIGURE 21 BY CRYOGEN TYPE 39
FIGURE 22 BY END-USER 40
FIGURE 23 BY REGION 40
FIGURE 24 INCREASING DEMAND FOR LNG IS THE MAJOR FACTOR DRIVING THE CRYOGENIC EQUIPMENT MARKET 41
FIGURE 25 NATURAL GAS CONSUMPTION, 1965–2015 42
FIGURE 26 SUPPLY CHAIN ANALYSIS: CRYOGENIC EQUIPMENT MARKET 44
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: CRYOGENIC EQUIPMENT MARKET 45
FIGURE 28 THE TANK SEGMENT IS PROJECTED TO BE THE LARGEST MARKET BY 2021 49
FIGURE 29 MARKET FOR CRYOGENIC EQUIPMENT FOR LNG EXPECTED TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 57
FIGURE 30 THE ELECTRONICS SEGMENT IS EXPECTED TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 63
FIGURE 31 CRYOGENIC EQUIPMENT MARKET, BY REGION, 2015 70
FIGURE 32 REGIONAL SNAPSHOT: GROWTH RATE OF CRYOGENIC EQUIPMENT MARKET IN IMPORTANT COUNTRIES, FROM 2016 TO 2021 71
FIGURE 33 REGIONAL SNAPSHOT: ASIA-PACIFIC OFFERED ATTRACTIVE MARKET OPPORTUNITIES IN 2015 72
FIGURE 34 REGIONAL SNAPSHOT: EUROPE WAS THE SECOND-LARGEST MARKET IN 2015 81
FIGURE 35 COMPANIES ADOPTED CONTRACTS & AGREEMENTS AS THE KEY GROWTH STRATEGY FROM 2012 TO 2016 109
FIGURE 36 BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS WAS THE KEY STRATEGY ADOPTED BY THE TOP PLAYERS, 2011–2016 110
FIGURE 37 MARKET LEADERS BASED ON RECENT DEVELOPMENTS, 2011–2016 111
FIGURE 38 MARKET EVOLUTION FRAMEWORK: CONTRACTS & AGREEMENTS SUPPLEMENTED THE MARKET GROWTH, 2013–2016 111
FIGURE 39 REGION-WISE MIX OF THE PROMINENT MARKET PLAYERS 115
FIGURE 40 AIR LIQUIDE : COMPANY SNAPSHOT 116
FIGURE 41 AIR LIQUIDE: SWOT ANALYSIS 118
FIGURE 42 BEIJING TIANHAI INDUSTRY CO., LTD.: COMPANY SNAPSHOT 120
FIGURE 43 CHART INDUSTRIES INC.: COMPANY SNAPSHOT 121
FIGURE 44 CHART INDUSTRIES INC.: SWOT ANALYSIS 123
FIGURE 45 CRYOFAB INC.: SWOT ANALYSIS 125
FIGURE 46 EMERSON: COMPANY SNAPSHOT 129
FIGURE 47 FLOWSERVE CORPORATION: COMPANY SNAPSHOT 131
FIGURE 48 PARKER HANNIFIN: COMPANY SNAPSHOT 135
FIGURE 49 INOX INDIA LTD.: COMPANY SNAPSHOT 139
FIGURE 50 LINDE GROUP AG: COMPANY SNAPSHOT 141
FIGURE 51 LINDE GROUP AG: SWOT ANALYSIS 143
FIGURE 52 VRV S.P.A : COMPANY SNAPSHOT 146
FIGURE 53 VRV S.P.A: SWOT ANALYSIS 148
FIGURE 54 WESSINGTON CRYOGENICS LTD.: COMPANY SNAPSHOT 149


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