Cryogenic Equipment Market Poise $17.1 Billion in 2017

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MarketsandMarkets Presents
Cryogenic Equipment Market Poise 17.1 Billion in
2017
http//www.marketsandmarkets.com/Market-Reports/cr
yogenic-equipment-market-735.html
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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
gtgt 81 data tables
13 figures 222
pages and in-depth TOC on Cryogenic Equipment
Market http//www.marketsandmarkets.com/Market-
Reports/cryogenic-equipment-market-735.html Early
buyers will receive 10 customization of
reports.
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Cryogenic equipments, which are required to
handle cryogenic gases or liquids such as
nitrogen, oxygen, helium, liquefied natural gas
(LNG), and similar other liquefied gases have an
old and mature market. These equipments are used
across many industries where liquefied gases are
the part of industrial processes or needed as raw
products. The report also identifies driving and
restraining factors for the global cryogenic
equipment market with analysis of trends,
opportunities, burning issues, winning
imperatives, and challenges. The market is
segmented and revenues are forecasted on the
basis of major regions such as North America,
Europe, Asia-Pacific, and Rest of the World
(ROW). The key countries are covered and
forecasted for each region. Further, market is
segmented and revenues are forecasted on the
basis of industrial applications, cryogenic
products/equipments, and gases/liquids.
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yogenic-equipment-market-735.html
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Tank is the key cryogenic equipment used for
storing and transporting the cryogenic liquefied
gases, holding the largest share in total
cryogenic equipment revenue. The other cryogenic
products which hold significant share in overall
market revenue are valves, vaporizer, and
pump. Increasing demand from the energy and
power industry is the major driver for global
cryogenic equipment market. The industry is the
largest consumer of cryogenic equipment and in
next five years is estimated to contribute one
third in annual demand growth. Similarly, China
is the largest geographic market and its economic
growth represents industrial growths in the
region. Industries such as energy and power,
chemical, metallurgy, shipbuilding, and
electronics are the main consumer of cryogenic
equipment and their growth will also expand the
market for cryogenic equipments. Being the
largest regional market, Chinas growth
significantly affects the global cryogenic
market.
http//www.marketsandmarkets.com/Market-Reports/cr
yogenic-equipment-market-735.html
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Recently, trade of natural gas has increased
which offers tremendous opportunity for cryogenic
equipments. In absence of pipelines, natural gas
liquefies the liquefied natural gas (LNG) and
transportation. The whole process starting from
liquefaction to transportation and at last again
gasification requires cryogenic equipments. LNG,
which contributes only a small portion in
cryogenic market revenue, owing to the future
investments will become a major contributor.
http//www.marketsandmarkets.com/Market-Reports/cr
yogenic-equipment-market-735.html
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