Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region - Global forecast to 2027

Abstract
The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain.

“Tanks segment dominates the global market”

The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak detection equipment, dispensers, and accessories (manifolds, fittings, vacuum jacketed/insulated piping, hoses, connections. Increasing LNG production and high demand for industrial gases is expected to drive the equipment segment, which consequently increases the demand for cryogenic equipment.

“LNG segment to lead the global cryogenic equipments market “

The cryogenic equipment market, by cryogen, is segmented into nitrogen, argon, oxygen, LNG, hydrogen, and others. Other cryogenic gases include helium, nitrous oxide, ethylene, and carbon dioxide. Rising demand for hydrogen fuel cells and cleaner energy is expected to drive the cryogen segment of the cryogenic equipment market during the forecast period.

“Asia Pacific dominates the global cryogenic equipments market in terms of annual growth rate”

The Asia Pacific region is estimated to be the largest market for the cryogenic equipment market, followed by north america. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the North American cryogenic equipment market is expected to be driven by increasing E&P activities concerned with clean energy revolution.

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 and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–65%, Tier II–24%, and Tier III–11%
By Designation: C-Level–30%, Director Level–25%, and Others–45%
By Region: Middle East & Africa–8%, Asia Pacific–33%, North America–27%, South & Central America–12%, Europe–20%
Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:
The cryogenic equipments market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global cryogenic equipments market include Linde plc (Ireland), Air Liquide (France), Air Products Inc (US), Chart Industries (Georgia) and PARKER HANNIFIN CORP (US).

Research Coverage:
The report defines, describes, and forecasts the cryogenic equipments market, by equipment, cryogen, system, end-user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the cryogenic equipments market.

Key Benefits of Buying the Report
1.The report identifies and addresses the key markets for cryogenic equipments, which would help cryogenic equipments providers review the growth in demand.
2.The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3.The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Content
Table of Contents

1INTRODUCTION23
1.1STUDY OBJECTIVES23
1.2DEFINITION AND SCOPE23
1.2.1CRYOGENIC EQUIPMENT MARKET: INCLUSIONS & EXCLUSIONS24
1.3MARKET SCOPE24
1.3.1MARKETS COVERED24
1.3.2REGIONAL SCOPE25
1.3.3YEARS CONSIDERED25
1.4CURRENCY26
1.5LIMITATION26
1.6STAKEHOLDERS26
1.7SUMMARY OF CHANGES27
2RESEARCH METHODOLOGY28
2.1RESEARCH DATA28
FIGURE 1CRYOGENIC EQUIPMENT MARKET: RESEARCH DESIGN29
2.1.1SECONDARY DATA30
2.1.1.1Key data from secondary sources30
2.1.2PRIMARY DATA31
2.1.2.1Key data from primary sources31
2.1.2.2Breakdown of primaries32
FIGURE 2BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION32
2.2MARKET BREAKDOWN AND DATA TRIANGULATION33
FIGURE 3DATA TRIANGULATION METHODOLOGY33
2.3MARKET SIZE ESTIMATION33
2.3.1BOTTOM-UP APPROACH34
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH34
2.3.2TOP-DOWN APPROACH34
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH34
2.4IDEAL DEMAND-SIDE ANALYSIS35
2.4.1DEMAND-SIDE METRICS36
FIGURE 6MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR CRYOGENIC EQUIPMENT36
2.4.2ASSUMPTIONS FOR DEMAND-SIDE ANALYSIS36
2.5SUPPLY-SIDE ANALYSIS37
FIGURE 7KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF CRYOGENIC EQUIPMENT MARKET37
FIGURE 8CRYOGENIC EQUIPMENT MARKET: SUPPLY-SIDE ANALYSIS38
2.5.1CALCULATIONS FOR SUPPLY SIDE38
2.5.2ASSUMPTIONS FOR SUPPLY SIDE38
FIGURE 9MARKET SHARE ANALYSIS, 202139
2.6FORECAST39
3EXECUTIVE SUMMARY40
TABLE 1CRYOGENIC EQUIPMENT MARKET SNAPSHOT41
FIGURE 10TANKS SEGMENT IS EXPECTED TO DOMINATE CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, DURING FORECAST PERIOD42
FIGURE 11LNG SEGMENT IS EXPECTED TO WITNESS THE HIGHT GROWTH, DURING FORECAST PERIOD42
FIGURE 12METALLURGY SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF CRYOGENIC EQUIPMENT MARKET, BY END USER, DURING FORECAST PERIOD43
FIGURE 13STORAGE SYSTEM SEGMENT IS EXPECTED TO DOMINATE CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, DURING FORECAST PERIOD43
FIGURE 14ASIA PACIFIC DOMINATED CRYOGENIC EQUIPMENT MARKET IN 202144
4PREMIUM INSIGHTS45
4.1ATTRACTIVE OPPORTUNITIES IN CRYOGENIC EQUIPMENT MARKET45
FIGURE 15GROWTH IN DEMAND FOR CRYOGENIC EQUIPMENT ACROSS ENTIRE LNG VALUE CHAIN IS EXPECTED TO DRIVE CRYOGENIC EQUIPMENT MARKET DURING 2022–202745
4.2CRYOGENIC EQUIPMENT MARKET, BY REGION46
FIGURE 16CRYOGENIC EQUIPMENT MARKET TO WITNESS HIGHEST GROWTH IN ASIA PACIFIC DURING FORECAST PERIOD46
4.3CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT46
FIGURE 17TANK SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, IN 202146
4.4CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN47
FIGURE 18NITROGEN SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, IN 202147
4.5CRYOGENIC EQUIPMENT MARKET, BY END USER47
FIGURE 19METALLURGY SEGMENT HELD LARGEST SHARE OF CRYOGENIC EQUIPMENT MARKET, BY END USER, IN 202147
4.6CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE48
FIGURE 20STORAGE SYSTEM SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, IN 202148
4.7CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER & COUNTRY49
FIGURE 21METALLURGY & CHINA SEGMENTS DOMINATED CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER & COUNTRY, RESPECTIVELY, IN 202149
5MARKET OVERVIEW50
5.1INTRODUCTION50
5.2COVID-19 HEALTH ASSESSMENT50
FIGURE 22COVID-19 GLOBAL PROPAGATION51
FIGURE 23COVID-19 PROPAGATION IN SELECT COUNTRIES51
5.3COVID-19 ECONOMIC ASSESSMENT52
FIGURE 24REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 202052
5.4MARKET DYNAMICS53
FIGURE 25CRYOGENIC EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES53
5.4.1DRIVERS53
5.4.1.1High demand for industrial gases from metallurgy and energy & power industries53
FIGURE 26CRUDE STEEL PRODUCTION, 2019–202054
FIGURE 27GLOBAL OIL DEMAND, 2019–202655
TABLE 2GLOBAL OIL DEMAND (OECD VS NON-OECD), 2019–202655
5.4.1.2Growing demand for cryogenic equipment across entire LNG value chain55
5.4.2RESTRAINTS56
5.4.2.1High CAPEX and OPEX costs associated with cryogenic plants56
5.4.2.2Volatile raw material prices and competition from gray market players56
FIGURE 28IRON ORE PRICE, 2021–202257
5.4.3OPPORTUNITIES57
5.4.3.1Growing use of cryogenic equipment in space and satellite applications57
5.4.3.2Evolving cryogenic electronics applications57
5.4.3.3Transition toward renewable energy and increasing awareness of cryogenic energy storage systems58
5.4.4CHALLENGES58
5.4.4.1Cryogen leakage from equipment leading to hazards and greenhouse emissions58
5.5COVID-19 IMPACT59
5.6INNOVATIONS & PATENT REGISTRATION59
5.7TECHNOLOGY ANALYSIS62
5.8CRYOGENIC EQUIPMENT MARKET: REGULATIONS63
5.9TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES64
5.9.1REVENUE SHIFT AND NEW REVENUE POCKETS IN CRYOGENIC EQUIPMENT MARKET64
FIGURE 29REVENUE SHIFT OF CRYOGENIC EQUIPMENT PROVIDERS64
5.10SUPPLY CHAIN ANALYSIS65
FIGURE 30CRYOGENIC EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS65
5.10.1CRYOGENIC EQUIPMENT RAW MATERIAL SUPPLIERS65
5.10.2CRYOGENIC EQUIPMENT MANUFACTURERS65
5.10.3INDUSTRIAL GAS MANUFACTURERS65
5.10.4END USERS65
5.11ECOSYSTEM/MARKET MAP66
TABLE 3CRYOGENIC EQUIPMENT MARKET: ECOSYSTEM66
 
5.12AVERAGE PRICING ANALYSIS67
TABLE 4CRYOGENIC EQUIPMENT: AVERAGE PRICING ANALYSIS67
5.13KEY CONFERENCES & EVENTS TO BE HELD DURING 2022–202367
TABLE 5CRYOGENIC EQUIPMENT MARKET: LIST OF CONFERENCES & EVENTS67
5.14CRYOGENIC EQUIPMENT MARKET: REGULATIONS68
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS68
TABLE 6NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS68
TABLE 7EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS68
TABLE 8GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS68
5.15PORTER’S FIVE FORCES ANALYSIS69
FIGURE 31CRYOGENIC EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS69
TABLE 9CRYOGENIC EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS69
5.15.1THREAT OF NEW ENTRANTS70
5.15.2BARGAINING POWER OF SUPPLIERS70
5.15.3BARGAINING POWER OF BUYERS70
5.15.4THREAT OF SUBSTITUTES70
5.15.5DEGREE OF COMPETITION71
5.16CASE STUDY ANALYSIS71
5.16.1AFCRYO’S IMPACTFUL SOLUTION TO HELP PHARMA CLIENT ACHIEVE OPERATIONAL EFFICIENCY71
5.17KEY STAKEHOLDERS & BUYING CRITERIA72
5.17.1KEY STAKEHOLDERS IN BUYING PROCESS72
FIGURE 32INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR 3 END-USER INDUSTRIES72
TABLE 10INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR 3 END-USER INDUSTRIES (%)72
5.17.2BUYING CRITERIA73
FIGURE 33KEY BUYING CRITERIA FOR 3 END-USER INDUSTRIES73
TABLE 11KEY BUYING CRITERIA FOR 3 END-USER INDUSTRIES73
6CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT74
6.1INTRODUCTION75
FIGURE 34CRYOGENIC EQUIPMENT MARKET SHARE, BY EQUIPMENT, 202175
TABLE 12CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2016–2019 (USD MILLION)75
TABLE 13CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)76
TABLE 14CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2016–2019 (THOUSAND UNITS)76
TABLE 15CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2020–2027 (THOUSAND UNITS)76
6.2TANKS77
6.2.1INCREASING LNG PRODUCTION IS FUELING DEMAND FOR TANKS77
TABLE 16CRYOGENIC EQUIPMENT MARKET FOR TANKS, BY REGION, 2016–2019 (USD MILLION)77
TABLE 17CRYOGENIC EQUIPMENT MARKET FOR TANKS, BY REGION, 2020–2027 (USD MILLION)78
6.3VALVES78
6.3.1HIGH DEMAND FOR INDUSTRIAL GASES FROM AEROSPACE AND ELECTRONICS SECTORS IS LIKELY TO BOOST MARKET78
TABLE 18CRYOGENIC EQUIPMENT MARKET FOR VALVES, BY REGION, 2016–2019 (USD MILLION)79
TABLE 19CRYOGENIC EQUIPMENT MARKET FOR VALVES, BY REGION, 2020–2027 (USD MILLION)79
6.4VAPORIZERS79
6.4.1DEMAND FOR VAPORIZERS INCREASES WITH INDUSTRIAL GASES CONSUMPTION ACROSS END-USE INDUSTRIES79
TABLE 20CRYOGENIC EQUIPMENT MARKET FOR VAPORIZERS, BY REGION, 2016–2019 (USD MILLION)80
TABLE 21CRYOGENIC EQUIPMENT MARKET FOR VAPORIZERS, BY REGION, 2020–2027 (USD MILLION)80
6.5PUMPS81
6.5.1INCREASING DEMAND FOR LNG INFRASTRUCTURE IS EXPECTED TO DRIVE DEMAND FOR CRYOGENIC PUMPS81
TABLE 22CRYOGENIC EQUIPMENT MARKET FOR PUMPS, BY REGION, 2016–2019 (USD MILLION)81
TABLE 23CRYOGENIC EQUIPMENT MARKET FOR PUMPS, BY REGION, 2020–2027 (USD MILLION)81
6.6OTHER EQUIPMENT82
TABLE 24CRYOGENIC EQUIPMENT MARKET FOR OTHER EQUIPMENT, BY REGION, 2016–2019 (USD MILLION)82
TABLE 25CRYOGENIC EQUIPMENT MARKET FOR OTHER EQUIPMENT, BY REGION, 2020–2027 (USD MILLION)82
7CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN83
7.1INTRODUCTION84
FIGURE 35CRYOGENIC EQUIPMENT MARKET SHARE, BY CRYOGEN, 202184
TABLE 26CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2016–2019 (USD MILLION)84
TABLE 27CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2020–2027 (USD MILLION)85
7.2NITROGEN85
7.2.1INCREASING UTILIZATION OF NITROGEN IN ENERGY AND POWER INDUSTRY HAS INCREASED DEMAND FOR NITROGEN-RELATED CRYOGENIC EQUIPMENT85
TABLE 28CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY REGION, 2016–2019 (USD MILLION)85
TABLE 29CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY REGION, 2020–2027 (USD MILLION)86
TABLE 30CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY END USER, 2016–2019 (USD MILLION)86
TABLE 31CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY END USER, 2020–2027 (USD MILLION)87
7.3ARGON87
7.3.1DEMAND FOR ARGON-HANDLING CRYOGENIC EQUIPMENT INCREASES WITH DEMAND FOR ELECTRONICS87
TABLE 32CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY REGION, 2016–2019 (USD MILLION)88
TABLE 33CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY REGION, 2020–2027 (USD MILLION)88
TABLE 34CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY END USER, 2016–2019 (USD MILLION)88
TABLE 35CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY END USER, 2020–2027 (USD MILLION)89
7.4OXYGEN89
7.4.1INCREASING STEEL AND IRON PRODUCTION CREATES HIGH DEMAND FOR OXYGEN-RELATED CRYOGENIC EQUIPMENT89
TABLE 36CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY REGION, 2016–2019 (USD MILLION)90
TABLE 37CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY REGION, 2020–2027 (USD MILLION)90
TABLE 38CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY END USER, 2016–2019 (USD MILLION)90
TABLE 39CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY END USER, 2020–2027 (USD MILLION)91
7.5LNG91
7.5.1RISING DEMAND FOR CLEANER ENERGY FOSTERS LNG INFRASTRUCTURE DEVELOPMENT91
TABLE 40CRYOGENIC EQUIPMENT MARKET FOR LNG, BY REGION, 2016–2019 (USD MILLION)92
TABLE 41CRYOGENIC EQUIPMENT MARKET FOR LNG, BY REGION, 2020–2027 (USD MILLION)92
TABLE 42CRYOGENIC EQUIPMENT MARKET FOR LNG, BY END USER, 2016–2019 (USD MILLION)92
TABLE 43CRYOGENIC EQUIPMENT MARKET FOR LNG, BY END USER, 2020–2027 (USD MILLION)93
7.6HYDROGEN93
7.6.1RISING DEMAND FOR HYDROGEN FUEL CELLS FOR TRANSPORTATION AND ENERGY APPLICATIONS IS EXPECTED TO FUEL MARKET GROWTH93
TABLE 44CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY REGION, 2016–2019 (USD MILLION)94
TABLE 45CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY REGION, 2020–2027 (USD MILLION)94
TABLE 46CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY END USER, 2016–2019 (USD MILLION)95
TABLE 47CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY END USER, 2020–2027 (USD MILLION)95
 
7.7OTHER CRYOGEN96
TABLE 48CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY REGION, 2016–2019 (USD MILLION)96
TABLE 49CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY REGION, 2020–2027 (USD MILLION)96
TABLE 50CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY END USER, 2016–2019 (USD MILLION)97
TABLE 51CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY END USER, 2020–2027 (USD MILLION)97
8CRYOGENIC EQUIPMENT MARKET, BY END USER98
8.1INTRODUCTION99
FIGURE 36CRYOGENIC EQUIPMENT MARKET, BY END USER, 202199
TABLE 52CRYOGENIC EQUIPMENT MARKET, BY END USER, 2016–2019 (USD MILLION)99
TABLE 53CRYOGENIC EQUIPMENT MARKET, BY END USER, 2020–2027 (USD MILLION)100
8.2METALLURGY100
8.2.1GROWTH OF MANUFACTURING AND INDUSTRIAL SECTORS IS DRIVING MARKET GROWTH100
TABLE 54CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY REGION, 2016–2019 (USD MILLION)101
TABLE 55CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY REGION, 2020–2027 (USD MILLION)101
TABLE 56CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY CRYOGEN, 2016–2019 (USD MILLION)101
TABLE 57CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY CRYOGEN, 2020–2027 (USD MILLION)102
8.3ENERGY & POWER102
8.3.1EXPANDING LNG MARKET TO AUGMENT DEMAND FOR CRYOGENIC EQUIPMENT102
TABLE 58CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)103
TABLE 59CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY REGION, 2020–2027 (USD MILLION)103
TABLE 60CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY CRYOGEN, 2016–2019 (USD MILLION)103
TABLE 61CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY CRYOGEN, 2020–2027 (USD MILLION)104
8.4CHEMICAL104
8.4.1CHEMICAL INDUSTRY’S TRANSITION TOWARDS SUSTAINABILITY AND DECARBONIZATION GOALS TO FUEL MARKET GROWTH104
TABLE 62CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)105
TABLE 63CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY REGION, 2020–2027 (USD MILLION)105
TABLE 64CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY CRYOGEN, 2016–2019 (USD MILLION)105
TABLE 65CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY CRYOGEN, 2020–2027 (USD MILLION)106
8.5ELECTRONICS106
8.5.1GROWTH IN SEMICONDUCTORS AND CONSUMER ELECTRONICS SECTORS TO DRIVE MARKET106
TABLE 66CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY REGION, 2016–2019 (USD MILLION)107
TABLE 67CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY REGION, 2020–2027 (USD MILLION)107
TABLE 68CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY CRYOGEN, 2016–2019 (USD MILLION)107
TABLE 69CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY CRYOGEN, 2020–2027 (USD MILLION)108
8.6TRANSPORTATION108
8.6.1DEVELOPMENTS PERTAINING TO FUEL CELL ELECTRIC VEHICLES TO PROVIDE LUCRATIVE MARKET GROWTH OPPORTUNITIES108
TABLE 70CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY TYPE, 2016–2019 (USD MILLION)109
TABLE 71CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY TYPE, 2020–2027 (USD MILLION)109
TABLE 72CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY REGION, 2016–2019 (USD MILLION)109
TABLE 73CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY REGION, 2020–2027 (USD MILLION)110
TABLE 74CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY CRYOGEN, 2016–2019 (USD MILLION)110
TABLE 75CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY CRYOGEN, 2020–2027 (USD MILLION)110
8.7OTHER END USE INDUSTRIES111
8.7.1TECHNOLOGICAL ADVANCEMENTS COMPLEMENTED BY RESEARCH IN HEALTHCARE, AEROSPACE, AND F&B INDUSTRIES TO DRIVE MARKET111
TABLE 76CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)112
TABLE 77CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES , BY REGION, 2020–2027 (USD MILLION)112
TABLE 78CRYOGENIC EQUIPMENT MARKET FOR OTHER END-USE INDUSTRIES, BY CRYOGEN, 2016–2019 (USD MILLION)112
TABLE 79CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES, BY CRYOGEN, 2020–2027 (USD MILLION)113
9CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE114
9.1INTRODUCTION115
FIGURE 37CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2021115
TABLE 80CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)115
 
9.2STORAGE SYSTEM116
9.2.1DEVELOPMENT IN CRYOGENIC ENERGY STORAGE (CES) SYSTEMS TO PROVIDE LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET116
TABLE 81CRYOGENIC EQUIPMENT MARKET FOR STORAGE SYSTEM, BY REGION, 2020–2027 (USD MILLION)116
9.3HANDLING SYSTEM117
9.3.1DEVELOPMENT OF INTEGRATED SMART CRYOGENIC VALVES BY MARKET PLAYERS EXPECTED TO PROPEL MARKET GROWTH117
TABLE 82CRYOGENIC EQUIPMENT MARKET FOR HANDLING SYSTEM, BY REGION, 2020–2027 (USD MILLION)117
9.4SUPPLY SYSTEM118
9.4.1GOVERNMENT INVESTMENTS IN GAS GENERATION AND ASSOCIATED LNG INFRASTRUCTURE TO DRIVE MARKET118
TABLE 83CRYOGENIC EQUIPMENT MARKET FOR SUPPLY SYSTEM, BY REGION, 2020–2027 (USD MILLION)118
9.5OTHERS119
TABLE 84CRYOGENIC EQUIPMENT MARKET FOR OTHERS, BY REGION, 2020–2027 (USD MILLION)119
10GEOGRAPHIC ANALYSIS120
10.1INTRODUCTION121
FIGURE 38REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD121
FIGURE 39CRYOGENIC EQUIPMENT MARKET SHARE (VALUE), BY REGION, 2021122
TABLE 85CRYOGENIC EQUIPMENT MARKET, BY REGION, 2016–2019 (USD MILLION)122
TABLE 86CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2027 (USD MILLION)122
10.2ASIA PACIFIC123
FIGURE 40SNAPSHOT: CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC124
10.2.1BY EQUIPMENT124
TABLE 87CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2016–2019 (USD MILLION)124
TABLE 88CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2020–2027 (USD MILLION)125
10.2.2BY CRYOGEN125
TABLE 89CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY CRYOGEN, 2016–2019 (USD MILLION)125
TABLE 90CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY CRYOGEN, 2020–2027 (USD MILLION)125
10.2.3BY END USER126
TABLE 91CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER, 2016–2019 (USD MILLION)126
TABLE 92CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION)126
10.2.4BY SYSTEM TYPE126
TABLE 93CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY SYSTEM TYPE, 2020–2027 (USD MILLION)126
 
10.2.5BY COUNTRY127
TABLE 94CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY COUNTRY, 2016–2019 (USD MILLION)127
TABLE 95CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION)127
10.2.5.1China127
10.2.5.1.1LNG infrastructure projects to offer lucrative growth opportunities for cryogenic equipment market in China127
TABLE 96CRYOGENIC EQUIPMENT MARKET IN CHINA, BY END USER, 2016–2019 (USD MILLION)128
TABLE 97CRYOGENIC EQUIPMENT MARKET IN CHINA, BY END USER, 2020–2027 (USD MILLION)128
10.2.5.2India129
10.2.5.2.1Investments in space missions are likely to support cryogenic equipment market growth in India129
TABLE 98CRYOGENIC EQUIPMENT MARKET IN INDIA, BY EQUIPMENT, 2016–2019 (USD MILLION)129
TABLE 99CRYOGENIC EQUIPMENT MARKET IN INDIA, BY EQUIPMENT, 2020–2027 (USD MILLION)130
TABLE 100CRYOGENIC EQUIPMENT MARKET IN INDIA, BY CRYOGEN, 2016–2019 (USD MILLION)130
TABLE 101CRYOGENIC EQUIPMENT MARKET IN INDIA, BY CRYOGEN, 2020–2027 (USD MILLION)130
TABLE 102CRYOGENIC EQUIPMENT MARKET IN INDIA, BY END USER, 2016–2019 (USD MILLION)131
TABLE 103CRYOGENIC EQUIPMENT MARKET IN INDIA, BY END USER, 2020–2027 (USD MILLION)131
10.2.5.3Australia131
10.2.5.3.1Increasing government investments in energy & power and metallurgy industries to drive demand for cryogenic equipment in Australia131
TABLE 104CRYOGENIC EQUIPMENT MARKET IN AUSTRALIA, BY END USER, 2016–2019 (USD MILLION)132
TABLE 105CRYOGENIC EQUIPMENT MARKET IN AUSTRALIA, BY END USER, 2020–2027 (USD MILLION)132
10.2.5.4Japan133
10.2.5.4.1Import and utilization of LNG to drive market for cryogenic equipment in Japan133
TABLE 106CRYOGENIC EQUIPMENT MARKET IN JAPAN, BY END USER, 2016–2019 (USD MILLION)133
TABLE 107CRYOGENIC EQUIPMENT MARKET IN JAPAN, BY END USER, 2020–2027 (USD MILLION)133
10.2.5.5Malaysia134
10.2.5.5.1Upstream natural gas production activities is expected to drive market growth in Malaysia134
TABLE 108CRYOGENIC EQUIPMENT MARKET IN MALAYSIA, BY END USER, 2016–2019 (USD MILLION)134
TABLE 109CRYOGENIC EQUIPMENT MARKET IN MALAYSIA, BY END USER, 2020–2027 (USD MILLION)135
10.2.5.6Rest of Asia Pacific135
TABLE 110CRYOGENIC EQUIPMENT MARKET IN REST OF ASIA PACIFIC, BY END USER, 2016–2019 (USD MILLION)135
TABLE 111CRYOGENIC EQUIPMENT MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION)136
10.3EUROPE136
FIGURE 41SNAPSHOT: CRYOGENIC EQUIPMENT MARKET IN EUROPE137
10.3.1BY EQUIPMENT137
TABLE 112CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY EQUIPMENT, 2016–2019 (USD MILLION)137
TABLE 113CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY EQUIPMENT, 2020–2027 (USD MILLION)138
10.3.2BY CRYOGEN138
TABLE 114CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY CRYOGEN, 2016–2019 (USD MILLION)138
TABLE 115CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY CRYOGEN, 2020–2027 (USD MILLION)138
10.3.3BY END USER139
TABLE 116CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY END USER, 2016–2019 (USD MILLION)139
TABLE 117CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY END USER, 2020–2027 (USD MILLION)139
10.3.4BY SYSTEM TYPE139
TABLE 118CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY SYSTEM TYPE, 2020–2027 (USD MILLION)139
10.3.5BY COUNTRY140
TABLE 119CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)140
TABLE 120CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION)140
10.3.5.1Russia140
10.3.5.1.1LNG and gas production infrastructure projects to fuel growth of cryogenic equipment market in Russia140
TABLE 121CRYOGENIC EQUIPMENT MARKET IN RUSSIA, BY END USER, 2016–2019 (USD MILLION)141
TABLE 122CRYOGENIC EQUIPMENT MARKET IN RUSSIA, BY END USER, 2020–2027 (USD MILLION)141
10.3.5.2UK142
10.3.5.2.1Investments in hydrogen-based technologies to fuel demand for cryogenic equipment in UK142
TABLE 123CRYOGENIC EQUIPMENT MARKET IN UK, BY END USER, 2016–2019 (USD MILLION)142
TABLE 124CRYOGENIC EQUIPMENT MARKET IN UK, BY END USER, 2020–2027 (USD MILLION)142
10.3.5.3Germany143
10.3.5.3.1Increasing government investments in energy & power and chemical industries to foster cryogenic equipment market growth in Germany143
TABLE 125CRYOGENIC EQUIPMENT MARKET IN GERMANY, BY END USER, 2016–2019 (USD MILLION)143
TABLE 126CRYOGENIC EQUIPMENT MARKET IN GERMANY, BY END USER, 2020–2027 (USD MILLION)144
10.3.5.4France144
10.3.5.4.1France’s commitment towards net zero emission to boost market growth144
TABLE 127CRYOGENIC EQUIPMENT MARKET IN FRANCE, BY END USER, 2016–2019 (USD MILLION)144
TABLE 128CRYOGENIC EQUIPMENT MARKET IN FRANCE, BY END USER, 2020–2027 (USD MILLION)145
10.3.5.5Rest of Europe145
TABLE 129CRYOGENIC EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2016–2019 (USD MILLION)145
TABLE 130CRYOGENIC EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2020–2027 (USD MILLION)146
10.4NORTH AMERICA146
10.4.1BY EQUIPMENT146
TABLE 131CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY EQUIPMENT, 2016–2019 (USD MILLION)146
TABLE 132CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY EQUIPMENT, 2020–2027 (USD MILLION)147
10.4.2BY CRYOGEN147
TABLE 133CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY CRYOGEN, 2016–2019 (USD MILLION)147
TABLE 134CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY CRYOGEN, 2020–2027 (USD MILLION)148
10.4.3BY END USER148
TABLE 135CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2016–2019 (USD MILLION)148
TABLE 136CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2020–2027 (USD MILLION)149
10.4.4BY SYSTEM TYPE149
TABLE 137CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)149
10.4.5BY COUNTRY149
TABLE 138CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)149
TABLE 139CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)150
10.4.5.1US150
10.4.5.1.1Increase in natural gas generation and exports to fuel market growth in US150
TABLE 140CRYOGENIC EQUIPMENT MARKET IN US, BY END USER, 2016–2019 (USD MILLION)150
TABLE 141CRYOGENIC EQUIPMENT MARKET IN US, BY END USER, 2020–2027 (USD MILLION)151
 
10.4.5.2Canada151
10.4.5.2.1Export of LNG to fuel cryogenic equipment market growth in Canada151
TABLE 142CRYOGENIC EQUIPMENT MARKET IN CANADA, BY END USER, 2016–2019 (USD MILLION)152
TABLE 143CRYOGENIC EQUIPMENT MARKET IN CANADA, BY END USER, 2020–2027 (USD MILLION)152
10.4.5.3Mexico152
10.4.5.3.1Shale reservoirs development creates opportunities for cryogenic equipment market in Mexico152
TABLE 144CRYOGENIC EQUIPMENT MARKET IN MEXICO, BY END USER, 2016–2019 (USD MILLION)153
TABLE 145CRYOGENIC EQUIPMENT MARKET IN MEXICO, BY END USER, 2020–2027 (USD MILLION)153
10.5MIDDLE EAST153
10.5.1BY EQUIPMENT154
TABLE 146CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY EQUIPMENT, 2016–2019 (USD MILLION)154
TABLE 147CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY EQUIPMENT, 2020–2027 (USD MILLION)154
10.5.2BY CRYOGEN155
TABLE 148CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY CRYOGEN, 2016–2019 (USD MILLION)155
TABLE 149CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY CRYOGEN, 2020–2027 (USD MILLION)155
10.5.3BY END USER156
TABLE 150CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2016–2019 (USD MILLION)156
TABLE 151CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2020–2027 (USD MILLION)156
10.5.4BY SYSTEM TYPE157
TABLE 152CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY SYSTEM TYPE, 2020–2027 (USD MILLION)157
10.5.5BY COUNTRY157
TABLE 153CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY COUNTRY, 2016–2019 (USD MILLION)157
TABLE 154CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY COUNTRY, 2020–2027 (USD MILLION)157
10.5.5.1Saudi Arabia158
10.5.5.1.1Initiation of LNG projects to favor cryogenic equipment market growth in Saudi Arabia158
TABLE 155CRYOGENIC EQUIPMENT MARKET IN SAUDI ARABIA, BY END USER, 2016–2019 (USD MILLION)158
TABLE 156CRYOGENIC EQUIPMENT MARKET IN SAUDI ARABIA, BY END USER, 2020–2027 (USD MILLION)159
10.5.5.2UAE159
10.5.5.2.1Growing energy & power sector in UAE to underpin cryogenic equipment market growth159
TABLE 157CRYOGENIC EQUIPMENT MARKET IN UAE, BY END USER, 2016–2019 (USD MILLION)160
TABLE 158CRYOGENIC EQUIPMENT MARKET IN UAE, BY END USER, 2020–2027 (USD MILLION)160
10.5.5.3QATAR160
10.5.5.3.1Increasing construction activities to propel cryogenic equipment market in Qatar160
TABLE 159CRYOGENIC EQUIPMENT MARKET IN QATAR, BY END USER, 2016–2019 (USD MILLION)161
TABLE 160CRYOGENIC EQUIPMENT MARKET IN QATAR, BY END USER, 2020–2027 (USD MILLION)161
10.5.5.4Rest of Middle East162
TABLE 161CRYOGENIC EQUIPMENT MARKET IN REST OF MIDDLE EAST, BY END USER, 2016–2019 (USD MILLION)162
TABLE 162CRYOGENIC EQUIPMENT MARKET IN REST OF MIDDLE EAST, BY END USER, 2020–2027 (USD MILLION)163
10.6AFRICA163
10.6.1BY EQUIPMENT164
TABLE 163CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY EQUIPMENT, 2016–2019 (USD MILLION)164
TABLE 164CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY EQUIPMENT, 2020–2027 (USD MILLION)164
10.6.2BY CRYOGEN164
TABLE 165CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY CRYOGEN, 2016–2019 (USD MILLION)164
TABLE 166CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY CRYOGEN, 2020–2027 (USD MILLION)165
10.6.3BY END USER165
TABLE 167CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY END USER, 2016–2019 (USD MILLION)165
TABLE 168CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY END USER, 2020–2027 (USD MILLION)165
10.6.4BY SYSTEM TYPE166
TABLE 169CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)166
10.6.5BY COUNTRY166
TABLE 170CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY COUNTRY, 2016–2019 (USD MILLION)166
TABLE 171CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY COUNTRY, 2020–2027 (USD MILLION)166
10.6.5.1South Africa167
10.6.5.1.1Industrial growth in South Africa is expected to drive cryogenic equipment market167
TABLE 172CRYOGENIC EQUIPMENT MARKET IN SOUTH AFRICA, BY END USER, 2016–2019 (USD MILLION)167
TABLE 173CRYOGENIC EQUIPMENT MARKET IN SOUTH AFRICA, BY END USER, 2020–2027 (USD MILLION)167
 
10.6.5.2Nigeria168
10.6.5.2.1Increasing demand for LNG and nitrogen in oil & gas and shipping industries in Nigeria is favoring market168
TABLE 174CRYOGENIC EQUIPMENT MARKET IN NIGERIA, BY END USER, 2016–2019 (USD MILLION)168
TABLE 175CRYOGENIC EQUIPMENT MARKET IN NIGERIA, BY END USER, 2020–2027 (USD MILLION)168
10.6.5.3Algeria169
10.6.5.3.1Upcoming offshore projects are likely to drive demand for cryogenic equipment in Algeria169
TABLE 176CRYOGENIC EQUIPMENT MARKET IN ALGERIA, BY END USER, 2016–2019 (USD MILLION)169
TABLE 177CRYOGENIC EQUIPMENT MARKET IN ALGERIA, BY END USER, 2020–2027 (USD MILLION)169
10.6.5.4Rest of Africa170
TABLE 178CRYOGENIC EQUIPMENT MARKET IN REST OF AFRICA, BY END USER, 2016–2019 (USD MILLION)170
TABLE 179CRYOGENIC EQUIPMENT MARKET IN REST OF AFRICA, BY END USER, 2020–2027 (USD MILLION)170
10.7SOUTH AMERICA171
10.7.1BY EQUIPMENT171
TABLE 180CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2016–2019 (USD MILLION)171
TABLE 181CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2020–2027 (USD MILLION)171
10.7.2BY CRYOGEN172
TABLE 182CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY CRYOGEN, 2016–2019 (USD MILLION)172
TABLE 183CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY CRYOGEN, 2020–2027 (USD MILLION)172
10.7.3BY END USER173
TABLE 184CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2016–2019 (USD MILLION)173
TABLE 185CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2020–2027 (USD MILLION)173
10.7.4BY SYSTEM TYPE174
TABLE 186CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)174
10.7.5BY COUNTRY174
TABLE 187CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)174
TABLE 188CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)174
10.7.5.1Brazil175
10.7.5.1.1Oil & gas industry in Brazil is expected to drive cryogenic equipment market175
TABLE 189CRYOGENIC EQUIPMENT MARKET IN BRAZIL, BY END USER, 2016–2019 (USD MILLION)175
TABLE 190CRYOGENIC EQUIPMENT MARKET IN BRAZIL, BY END USER, 2020–2027 (USD MILLION)175
10.7.5.2Argentina176
10.7.5.2.1Reviving oil & gas sector in Argentina is likely to bring opportunities for cryogenic equipment market176
TABLE 191CRYOGENIC EQUIPMENT MARKET IN ARGENTINA, BY END USER, 2016–2019 (USD MILLION)176
TABLE 192CRYOGENIC EQUIPMENT MARKET IN ARGENTINA, BY END USER, 2020–2027 (USD MILLION)176
10.7.5.3Venezuela177
10.7.5.3.1Low industrial growth and recession in Venezuela are affecting cryogenic equipment market177
TABLE 193CRYOGENIC EQUIPMENT MARKET IN VENEZUELA, BY END USER, 2016–2019 (USD MILLION)177
TABLE 194CRYOGENIC EQUIPMENT MARKET IN VENEZUELA, BY END USER, 2020–2027 (USD MILLION)178
10.7.5.4Rest of South America178
TABLE 195CRYOGENIC EQUIPMENT MARKET IN REST OF SOUTH AMERICA, BY END USER, 2016–2019 (USD MILLION)179
TABLE 196CRYOGENIC EQUIPMENT MARKET IN REST OF SOUTH AMERICA, BY END USER, 2020–2027 (USD MILLION)179
11COMPETITIVE LANDSCAPE180
11.1OVERVIEW180
FIGURE 42KEY DEVELOPMENTS IN CRYOGENIC EQUIPMENT MARKET, 2018–2022180
11.2MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021181
TABLE 197CRYOGENIC EQUIPMENT MARKET: DEGREE OF COMPETITION181
FIGURE 43SHARE ANALYSIS OF TOP PLAYERS IN CRYOGENIC EQUIPMENT MARKET, 2021181
11.3MARKET EVALUATION FRAMEWORK182
TABLE 198MARKET EVALUATION FRAMEWORK, 2018–2021182
11.4SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS183
FIGURE 44SEGMENTAL REVENUE ANALYSIS, 2018–2021183
11.5RECENT DEVELOPMENTS184
11.5.1DEALS184
TABLE 199CRYOGENIC EQUIPMENT MARKET: DEALS, 2018–2022184
11.5.2OTHERS185
TABLE 200CRYOGENIC EQUIPMENT MARKET: OTHERS, 2018–2022185
11.6COMPETITIVE LEADERSHIP MAPPING185
11.6.1STAR185
11.6.2EMERGING LEADER185
11.6.3PERVASIVE186
11.6.4PARTICIPANT186
FIGURE 45CRYOGENIC EQUIPMENT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021186
TABLE 201COMPANY EQUIPMENT FOOTPRINT187
TABLE 202COMPANY END USER FOOTPRINT188
TABLE 20