Cryogenic Equipment Market Anticipated to Reach $17.4 billion by 2027

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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
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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. View
detailed Table of Content here
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cryogenic-equipment-market-735.html
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Tank The largest segment of the cryogenic
equipment market, by equipment 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. Make an
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The tank segment is expected to be the largest
segment of the cryogenic equipment market, by
equipment, during the forecast period 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). The tanks is estimated to have the
largest market share. Increasing LNG production
and high demand for industrial gases is expected
to drive the equipment segment, which
consequently increases the demand for cryogenic
equipment.

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The LNG segment is expected to be the most
significant cryogenic equipment market, by
cryogen 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.

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Browse gtgt 231 market data
tables 54 figures
247 pages and in-depth TOC on
Cryogenic Equipment Market- Global Forecast to
2027 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 4950 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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Asia Pacific is expected to dominate the global
cryogenic equipment market 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 EP activities concerned
with clean energy revolution. Speak to Analyst
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
• . These include
• Linde plc (Ireland),
• Air Liquide (France),
• Air Products Inc (US),
• Chart Industries (Georgia)
• and PARKER HANNIFIN CORP (US) among others...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id735

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