Cryogenic Equipment Market Expected to Reach $17.1 Billion in 2017

[222 Pages Report] Cryogenic Equipment market research report categorizes the global market on the basis of Product types, End-users, cryogenic gas/liquid and geographical analysis.


Dallas, TX -- (SBWIRE) -- 11/28/2013 -- The report, “Cryogenic Equipment Market , by Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) - Global Trends & Forecasts up to 2017" defines and segments the global cryogenic equipment market with analysis and forecasting of the revenue generated by cryogenic equipments such as tanks, valves, vaporizers, pumps, pipes, flanges, and others. The global cryogenic equipment market will grow from an estimated $11.9 billion in 2012 to $17.1 billion by 2017, with a CAGR of 7.5% from 2012 to 2017.

Browse 81 market data tables and 13 figures spread through 222 pages and in-depth TOC on “Cryogenic Equipment Market - Global Trends & Forecasts up to 2017”

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The briefing focuses on the global cryogenic equipment market from 2012 to 2017. The agenda for briefing includes discussion on the key cryogenic equipments, end-use industrial applications, and their growth trends. Furthermore, a briefing is provided on the geographical trends and competitive scenario in the micro and macro markets with respect to North America, Europe, Asia-Pacific, and Rest of the World (ROW); which includes Latin America, Middle East and Africa.

Cryogenic equipments like tanks, valves, vaporizers, pumps, pipes, flanges, and gauges are used for storage and transportation of cryogenic liquids. Cryogenic liquids such as liquid nitrogen, helium, and liquefied natural gas (LNG) are typically those that occur at temperatures of less than -150oC (123K). Cryogenic tank is the largest equipment which holds the largest share in cryogenic equipment revenue. Other equipments which have significant revenue shares are valves, vaporizers, and pumps.

Cryogenic equipments are used across various industries. Energy and power is the major industry and accounts for largest share of demand. Other end-use industries which are covered in this study are chemical, metallurgical, electronic, and ship building. Chemical industry is the second largest revenue contributor, only after energy and power.

The global cryogenic equipment market was estimated to be at $11 billion in 2011; and is expected to grow at a CAGR of 7.5% from 2012 to 2017 mainly due to the increasing demand from energy and power sector and industrial growth in China. Demand from liquefied natural gas (LNG) industry has recently emerged. At present, the share of LNG is small but in future, with increasing its trade, the share will increase drastically.

The analyst briefing on the global cryogenic equipment market will benefit cryogenic equipment manufacturers and suppliers, cryogenic plant developers, cryogenic gases/liquid merchant producers, suppliers, and dealers, liquefied natural gas (LNG) dealers, Oil and gas companies, consulting companies in energy and power sector, cryogenic and cold storage associations, power and energy associations, and investment banks.

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