Cryogenic Equipment Market Analysis By Product (Tanks, Valves, Pumps & Vaporizers, Vacuum Jacketed Pipes), By Gas (Nitrogen, Oxygen, Argon, Natural Gas), By Application (Distribution, Storage), By End-Use (Oil & Gas, Metallurgy, Electronics, Power & Energy, Food & Beverage, Healthcare, Marine) And Segment Forecasts To 2022

Published: Apr, 2016 | Pages: 93 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.

Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.

Further key findings from the report suggest:

Tanks accounted for over 55% of the overall revenue in 2014. The need to store gases for several critical industrial processes as against conventional cooling lubricants (CLFs) is anticipated to drive the product demand over forecast period.

Storage segment contributed over 65% of the overall revenue and is projected to display substantial growth with a CAGR exceeding 8% from 2015 to 2022. It provides a consistent and accurate temperature for storage and is expected to play a vital role in driving demand.

Growth in the power & energy segment can be primarily attributed to rapid industrialization and several government initiatives. The segment accounted for over 20% of the revenue in 2014.

Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.

North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years; a trend anticipated to provide an impetus for future market growth.

Key market participants include Cryo pure, Packo Industry, Cryofab, Shell-N-Tube, Cryodepot, and Taylor-Wharton International LLC. Industry participants strive to focus on innovation and technical knowledge while simultaneously trying to own several patents and trademarks along with R&D activities. Purveyors abide by regulations such as DOE 6430.1A, DOE 5481.1B, DOE 5700.6C, CGA Pamphlet P-1, CGA Pamphlet S-1.1, ASME, and ASME B31.3 to manufacture safe and functional equipment.

 Table of Contents


Chapter 1. Methodology and Scope 
                    1.1. Research Methodology 
                    1.2. Research Scope & Assumptions 
                    1.3. List of Data Sources 
Chapter 2. Executive Summary
                    2.1. Cryogenic equipment - Industry snapshot & key buying criteria, 2012 - 2022
Chapter 3. HEPA Filters Industry Outlook
                    3.1. Market segmentation
                    3.2. Market size and growth prospects
                    3.3. Cryogenic equipment value chain analysis
                    3.4. Cryogenic equipment market dynamics
                       3.4.1. Market driver analysis
                            3.4.1.1. Rising application of cryogenic gases
                            3.4.1.2. Rapid industrialization and growing power & energy demand
                       3.4.2. Market restraint analysis
                            3.4.2.1. Accidents with cryogenic hazards
                    3.5. Cryogenic equipment key company analysis, 2014
                    3.6. Key opportunities prioritized
                    3.7. Industry analysis - Porter's
                    3.8. Cryogenic equipment market PESTEL analysis, 2014
Chapter 4. Cryogenic Equipment Product Outlook 
                    4.1. Tanks
                       4.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    4.2. Valves
                       4.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    4.3. Pumps & Vaporizers
                       4.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    4.4. Vacuum Jacketed Piping (VJP)
                       4.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    4.5. Others
                       4.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 5. Cryogenic Equipment Gas Outlook 
                    5.1. Nitrogen
                       5.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    5.2. Oxygen
                       5.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    5.3. Argon
                       5.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    5.4. Natural Gas
                       5.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    5.5. Others
                       5.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 6. Cryogenic Equipment Application Outlook 
                    6.1. Distribution
                       6.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    6.2. Storage
                       6.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 7. Cryogenic Equipment End-Use Outlook 
                    7.1. Oil & Gas
                       7.1.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.2. Metallurgy
                       7.2.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.3. Electronics
                       7.3.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.4. Power & Energy
                       7.4.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.5. Food & Beverage
                       7.5.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.6. Healthcare
                       7.6.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
                    7.7. Marine
                       7.7.1. Market estimates and forecasts by region, 2012 - 2022 (USD Million)
Chapter 8. Cryogenic Equipment Regional Outlook 
                    8.1. North America
                       8.1.1. North America market by product, 2012 - 2022 (USD Million)
                       8.1.2. North America market by gas, 2012 - 2022 (USD Million)
                       8.1.3. North America market by application, 2012 - 2022 (USD Million)
                       8.1.4. North America market by end-use, 2012 - 2022 (USD Million)
                       8.1.5. U.S.
                            8.1.5.1. U.S. market by product, (USD Million), 2012- 2022
                            8.1.5.2. U.S. market by gas, 2012 - 2022 (USD Million)
                            8.1.5.3. U.S. market by application, 2012 - 2022 (USD Million)
                            8.1.5.4. U.S. market by end-use, 2012 - 2022 (USD Million)
                       8.1.6. Canada
                            8.1.6.1. Canada market by product, 2012 - 2022 (USD Million)
                            8.1.6.2. Canada market by gas, 2012 - 2022 (USD Million)
                            8.1.6.3. Canada market by application, 2012 - 2022 (USD Million)
                            8.1.6.4. Canada market by end-use, 2012 - 2022 (USD Million)
                    8.2. Europe
                       8.2.1. Europe market by product, 2012 - 2022 (USD Million)
                       8.2.2. Europe market by gas, 2012 - 2022 (USD Million)
                       8.2.3. Europe market by application, 2012 - 2022 (USD Million)
                       8.2.4. Europe market by end-use, 2012 - 2022 (USD Million)
                       8.2.5. UK
                            8.2.5.1. UK market by product, 2012 - 2022 (USD Million)
                            8.2.5.2. UK market by gas, 2012 - 2022 (USD Million)
                            8.2.5.3. UK market by application, 2012 - 2022 (USD Million)
                            8.2.5.4. UK market by end-use, 2012 - 2022 (USD Million)
                       8.2.6. Germany
                            8.2.6.1. Germany market by product, 2012 - 2022 (USD Million)
                            8.2.6.2. Germany market by gas, 2012 - 2022 (USD Million)
                            8.2.6.3. Germany market by application, 2012 - 2022 (USD Million)
                            8.2.6.4. Germany market by end-use, 2012 - 2022 (USD Million)
                       8.2.7. Russia
                            8.2.7.1. Russia market by product, 2012 - 2022 (USD Million)
                            8.2.7.2. Russia market by gas, 2012 - 2022 (USD Million)
                            8.2.7.3. Russia market by application, 2012 - 2022 (USD Million)
                            8.2.7.4. Russia market by end-use, 2012 - 2022 (USD Million)
                    8.3. Asia Pacific
                       8.3.1. Asia Pacific market by product, 2012 - 2022 (USD Million)
                       8.3.2. Asia Pacific market by gas, 2012 - 2022 (USD Million)
                       8.3.3. Asia Pacific market by application, 2012 - 2022 (USD Million)
                       8.3.4. Asia Pacific market by end-use, 2012 - 2022 (USD Million)
                       8.3.5. China
                            8.3.5.1. China market by product, 2012 - 2022 (USD Million)
                            8.3.5.2. China market by gas, 2012 - 2022 (USD Million)
                            8.3.5.3. China market by application, 2012 - 2022 (USD Million)
                            8.3.5.4. China market by end-use, 2012 - 2022 (USD Million)
                       8.3.6. India
                            8.3.6.1. India market by product, 2012 - 2022 (USD Million)
                            8.3.6.2. India market by gas, 2012 - 2022 (USD Million)
                            8.3.6.3. India market by application, 2012 - 2022 (USD Million)
                            8.3.6.4. India market by end-use, 2012 - 2022 (USD Million)
                       8.3.7. Japan
                            8.3.7.1. Japan market by product, 2012 - 2022 (USD Million)
                            8.3.7.2. Japan market by gas, 2012 - 2022 (USD Million)
                            8.3.7.3. Japan market by application, 2012 - 2022 (USD Million)
                            8.3.7.4. Japan market by end-use, 2012 - 2022 (USD Million)
                       8.3.8. Korea
                            8.3.8.1. Korea market by product, 2012 - 2022 (USD Million)
                            8.3.8.2. Korea market by gas, 2012 - 2022 (USD Million)
                            8.3.8.3. Korea market by application, 2012 - 2022 (USD Million)
                            8.3.8.4. Korea market by end-use, 2012 - 2022 (USD Million)
                    8.4. Latin America
                       8.4.1. Latin America market by product, 2012 - 2022 (USD Million)
                       8.4.2. Latin America market by gas, 2012 - 2022 (USD Million)
                       8.4.3. Latin America market by application, 2012 - 2022 (USD Million)
                       8.4.4. Latin America market by end-use, 2012 - 2022 (USD Million)
                       8.4.5. Brazil
                            8.4.5.1. Brazil market by product, 2012 - 2022 (USD Million)
                            8.4.5.2. Brazil market by gas, 2012 - 2022 (USD Million)
                            8.4.5.3. Brazil market by application, 2012 - 2022 (USD Million)
                            8.4.5.4. Brazil market by end-use, 2012 - 2022 (USD Million)
                       8.4.6. Mexico
                            8.4.6.1. Mexico market by product, 2012 - 2022 (USD Million)
                            8.4.6.2. Mexico market by gas, 2012 - 2022 (USD Million)
                            8.4.6.3. Mexico market by application, 2012 - 2022 (USD Million)
                            8.4.6.4. Mexico market by end-use, 2012 - 2022 (USD Million)
                    8.5. Middle East &Africa
                       8.5.1. Middle East & Africa market by product, 2012 - 2022 (USD Million)
                       8.5.2. Middle East & Africa market by gas, 2012 - 2022 (USD Million)
                       8.5.3. Middle East & Africa market by application, 2012 - 2022 (USD Million)
                       8.5.4. Middle East & Africa market by end-use, 2012 - 2022 (USD Million)
Chapter 9. Competitive Landscape 
                    9.1. Chart Industries
                       9.1.1. Company Overview
                       9.1.2. Financial Performance
                       9.1.3. Product Benchmarking
                       9.1.4 .Strategic Initiatives
                    9.2. Cryo pure
                       9.2.1. Company Overview
                       9.2.2. Financial Performance
                       9.2.3. Product Benchmarking
                       9.2.4. Strategic Initiatives
                    9.3. Cryodepot
                       9.3.1. Company Overview
                       9.3.2. Financial Performance
                       9.3.3. Product Benchmarking
                       9.3.4. Strategic Initiatives
                    9.4. Cryofab
                       9.4.1. Company Overview
                       9.4.2. Financial Performance
                       9.4.3. Product Benchmarking
                       9.4.4. Strategic Initiatives
                    9.5. Cryogenic Equipment & Services, Inc.
                       9.5.1. Company Overview
                       9.5.2. Financial Performance
                       9.5.3. Product Benchmarking
                       9.5.4. Strategic Initiatives
                    9.6. Cryogenic Systems Equipment, Inc.
                       9.6.1. Company Overview
                       9.6.2. Financial Performance
                       9.6.3. Product Benchmarking
                       9.6.4. Strategic Initiatives
                    9.7. Cryoquip
                       9.7.1. Company Overview
                       9.7.2. Financial Performance
                       9.7.3. Product Benchmarking
                       9.7.4. Strategic Initiatives
                    9.8. CryoVac
                       9.8.1. Company Overview
                       9.8.2. Financial Performance
                       9.8.3. Product Benchmarking
                       9.8.4. Strategic Initiatives
                    9.9. FIBA
                       9.9.1. Company Overview
                       9.9.2. Financial Performance
                       9.9.3. Product Benchmarking
                       9.9.4. Strategic Initiatives
                    9.10. HEROSE GmbH
                       9.10.1. Company Overview
                       9.10.2. Financial Performance
                       9.10.3. Product Benchmarking
                       9.10.4. Strategic Initiatives
                    9.11. Packo Industry
                       9.11.1. Company Overview
                       9.11.2. Financial Performance
                       9.11.3. Product Benchmarking
                       9.11.4. Strategic Initiatives
                    9.12. Shell-N-Tube
                       9.12.1. Company Overview
                       9.12.2. Financial Performance
                       9.12.3. Product Benchmarking
                       9.12.4. Strategic Initiatives
                    9.13. Taylor-Wharton International LLC
                       9.13.1. Company Overview
                       9.13.2. Financial Performance
                       9.13.3. Product Benchmarking
                       9.13.4. Strategic Initiatives
                    9.14. The Linde Group
                       9.14.1. Company Overview
                       9.14.2. Financial Performance
                       9.14.3. Product Benchmarking
                       9.14.4. Strategic Initiatives
                    9.15. Wessington Cryogenics
                       9.15.1. Company Overview
                       9.15.2. Financial Performance
                       9.15.3. Product Benchmarking
                       9.15.4. Strategic Initiatives

List of Tables


TABLE 1 Cryogenic equipment - Industry snapshot & key buying criteria, 2012 - 2022
TABLE 2 Cryogenic equipment - Key market driver impact
TABLE 3 Cryogenic equipment - Key market restraint impact
TABLE 4 Cryogenic tank market, 2012 - 2022 (USD Million)
TABLE 5 Cryogenic tank market by region, 2012 - 2022 (USD Million)
TABLE 6 Cryogenic valve market, 2012 - 2022 (USD Million)
TABLE 7 Cryogenic valve market by region, 2012 - 2022 (USD Million)
TABLE 8 Cryogenic pumps & vaporizers market, 2012 - 2022 (USD Million)
TABLE 9 Cryogenic pumps & vaporizers market by region, 2012 - 2022 (USD Million)
TABLE 10 Cryogenic VJP market, 2012 - 2022 (USD Million)
TABLE 11 Cryogenic VJP market by region, 2012 - 2022 (USD Million)
TABLE 12 Other cryogenic equipment demand, 2012 - 2022 (USD Million)
TABLE 13 Other cryogenic equipment market by region, 2012 - 2022 (USD Million)
TABLE 14 Cryogenic nitrogen gas market, 2012 - 2022 (USD Million)
TABLE 15 Cryogenic nitrogen gasmarket by region, 2012 - 2022 (USD Million)
TABLE 16 Cryogenic oxygen gas market, 2012 - 2022 (USD Million)
TABLE 17 Cryogenic oxygen gas market by region, 2012 - 2022 (USD Million)
TABLE 18 Cryogenic argon gas market, 2012 - 2022 (USD Million)
TABLE 19 Cryogenic argon gas market by region, 2012 - 2022 (USD Million)
TABLE 20 Cryogenic natural gas market, 2012 - 2022 (USD Million)
TABLE 21 Cryogenic natural gas market by region, 2012 - 2022 (USD Million)
TABLE 22 Other cryogenic gas demand, 2012 - 2022 (USD Million)
TABLE 23 Other cryogenic gas market by region, 2012 - 2022 (USD Million)
TABLE 24 Cryogenic storage market, 2012 - 2022 (USD Million)
TABLE 25 Cryogenic storagemarket by region, 2012 - 2022 (USD Million)
TABLE 26 Cryogenic distribution market, 2012 - 2022 (USD Million)
TABLE 27 Cryogenic oxygen market by region, 2012 - 2022 (USD Million)
TABLE 28 Cryogenic equipment demand in oil & gas industry, 2012 - 2022 (USD Million)
TABLE 29 Cryogenic equipment demand in oil & gas industry by region, 2012 - 2022 (USD Million)
TABLE 30 Cryogenic equipment demand in metallurgy industry, 2012 - 2022 (USD Million)
TABLE 31 Cryogenic equipment demand metallurgy industry by region, 2012 - 2022 (USD Million)
TABLE 32 Cryogenic equipment demand electronics industry, 2012 - 2022 (USD Million)
TABLE 33 Cryogenic equipment demand electronics industry by region, 2012 - 2022 (USD Million)
TABLE 34 Cryogenic equipment demand power & energy industry, 2012 - 2022 (USD Million)
TABLE 35 Cryogenic equipment demand power & energy industry by region, 2012 - 2022 (USD Million)
TABLE 36 Cryogenic equipment demand food & beverage industry, 2012 - 2022 (USD Million)
TABLE 37 Cryogenic equipment demand food & beverage industry by region, 2012 - 2022 (USD Million)
TABLE 38 Cryogenic equipment demand healthcare industry, 2012 - 2022 (USD Million)
TABLE 39 Cryogenic equipment demand healthcare industry by region, 2012 - 2022 (USD Million)
TABLE 40 Cryogenic equipment demand marine industry, 2012 - 2022 (USD Million)
TABLE 41 Cryogenic equipment demand marine industry by region, 2012 - 2022 (USD Million)
TABLE 42 North America market by product, 2012 - 2022 (USD Million)
TABLE 43 North America market by gas, 2012 - 2022 (USD Million)
TABLE 44 North America market by application, 2012 - 2022 (USD Million)
TABLE 45 North America market by end-use, 2012 - 2022 (USD Million)
TABLE 46 U.S. market by product, 2012 - 2022 (USD Million)
TABLE 47 U.S. market by gas, 2012 - 2022 (USD Million)
TABLE 48 U.S. market by application, 2012 - 2022 (USD Million)
TABLE 49 U.S. market by end-use, 2012 - 2022 (USD Million)
TABLE 50 Canada market by product, 2012 - 2022 (USD Million)
TABLE 51 Canada market by gas, 2012 - 2022 (USD Million)
TABLE 52 Canada market by application, 2012 - 2022 (USD Million)
TABLE 53 Canada market by end-use, 2012 - 2022 (USD Million)
TABLE 54 Europe market by product, 2012 - 2022 (USD Million)
TABLE 55 Europe market by gas, 2012 - 2022 (USD Million)
TABLE 56 Europe market by application, 2012 - 2022 (USD Million)
TABLE 57 Europe market by end-use, 2012 - 2022 (USD Million)
TABLE 58 U.K market by product, 2012 - 2022 (USD Million)
TABLE 59 U.K. market by gas, 2012 - 2022 (USD Million)
TABLE 60 U.K. market by application, 2012 - 2022 (USD Million)
TABLE 61 U.K. market by end-use, 2012 - 2022 (USD Million)
TABLE 62 Germany market by product, 2012 - 2022 (USD Million)
TABLE 63 Germany market by gas, 2012 - 2022 (USD Million)
TABLE 64 Germany market by application, 2012 - 2022 (USD Million)
TABLE 65 Germany market by end-use, 2012 - 2022 (USD Million)
TABLE 66 Russia market by product, 2012 - 2022 (USD Million)
TABLE 67 Russia market by gas, 2012 - 2022 (USD Million)
TABLE 68 Russia market by application, 2012 - 2022 (USD Million)
TABLE 69 Russia market by end-use, 2012 - 2022 (USD Million)
TABLE 70 Asia Pacific market by product, 2012 - 2022 (USD Million)
TABLE 71 Asia Pacific market by gas, 2012 - 2022 (USD Million)
TABLE 72 Asia Pacific market by application, 2012 - 2022 (USD Million)
TABLE 73 Asia Pacific market by end-use, 2012 - 2022 (USD Million)
TABLE 74 China market by product, 2012 - 2022 (USD Million)
TABLE 75 China market by gas, 2012 - 2022 (USD Million)
TABLE 76 China. market by application, 2012 - 2022 (USD Million)
TABLE 77 China market by end-use, 2012 - 2022 (USD Million)
TABLE 78 India market by product, 2012 - 2022 (USD Million)
TABLE 79 India market by gas, 2012 - 2022 (USD Million)
TABLE 80 India market by application, 2012 - 2022 (USD Million)
TABLE 81 India market by end-use, 2012 - 2022 (USD Million)
TABLE 82 Japan market by product, 2012 - 2022 (USD Million)
TABLE 83 Japan market by gas, 2012 - 2022 (USD Million)
TABLE 84 Japan market by application, 2012 - 2022 (USD Million)
TABLE 85 Japan market by end-use, 2012 - 2022 (USD Million)
TABLE 86 Korea market by product, 2012 - 2022 (USD Million)
TABLE 87 Korea market by gas, 2012 - 2022 (USD Million)
TABLE 88 Korea market by application, 2012 - 2022 (USD Million)
TABLE 89 Korea market by end-use, 2012 - 2022 (USD Million)
TABLE 90 Latin America market by product, 2012 - 2022 (USD Million)
TABLE 91 Latin America market by gas, 2012 - 2022 (USD Million)
TABLE 92 Latin America market by application, 2012 - 2022 (USD Million)
TABLE 93 Latin America market by end-use, 2012 - 2022 (USD Million)
TABLE 94 Brazil market by product, 2012 - 2022 (USD Million)
TABLE 95 Brazil market by gas, 2012 - 2022 (USD Million)
TABLE 96 Brazil. market by application, 2012 - 2022 (USD Million)
TABLE 97 Brazil market by end-use, 2012 - 2022 (USD Million)
TABLE 98 Mexico market by product, 2012 - 2022 (USD Million)
TABLE 99 Mexico market by gas, 2012 - 2022 (USD Million)
TABLE 100 Mexico market by application, 2012 - 2022 (USD Million)
TABLE 101 Mexico market by end-use, 2012 - 2022 (USD Million)
TABLE 102 Middle East & Africa market by product, 2012 - 2022 (USD Million)
TABLE 103 Middle East & Africa market by gas, 2012 - 2022 (USD Million)
TABLE 104 Middle East & Africa market by application, 2012 - 2022 (USD Million)
TABLE 105 Middle East & Africa market by end-use, 2012 - 2022 (USD Million)