Cryogenic Equipment Market, by Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) - Global Trends & Forecasts up to 2017
(PRWEB) February 15, 2013
Cryogenic equipments are specially made equipments to handle liquefied gases. Liquefied gases are kept at very low temperature to maintain them in liquid state. The temperature required is below -150°C and known as cryogenic temperature. Due to the very low temperature these liquefied gases cannot be managed using normal equipments and thus require specially made equipments, known as cryogenic equipments. The most used cryogenic equipments are tanks, valves, vaporizers, and pumps.
Cryogenic tank has the largest market and a majority of cryogenic equipment market revenue come from those tanks. After tanks, valves are the second largest revenue contributor in the cryogenic market followed by vaporizers and then pumps.
This report estimates market revenue for each cryogenic equipment and breaks each product market by geography as well as industrial applications. For the cryogenic tank, the market size estimations have also been provided in capacity i.e. cubic meter.
This report covers all major regions i.e. Asia-Pacific, Europe, North America and Rest of the World (ROW). At country level, China, U.S. and U.K. have also been covered. Asia-Pacific is identified as the largest market as well as the highest growing in the next five years among all regional markets. Globally, China is also the largest country level market, and thus, its growth significantly affects the global market.
The cryogenic equipment market has also been segmented by liquefied gases type. The gases covered are nitrogen, oxygen, argon, and liquefied natural gas (LNG). Nitrogen has the largest share in the cryogenic equipment market, while LNG has the highest growing market. In this report, the global market revenue from each liquefied gas has been broken down for major geographic markets.
This report identifies factors which are driving the market. Growth in major application industry and high economic growth rate in China are figured out to be the important market drivers which have a high impact on market at present. The report also highlights the market restraints and burning issues. Growth in LNG trade has been identified as the major opportunity which is attracting all the cryogenic equipment manufacturers. There are number of reasons which are driving the natural gas/LNG market. Diverted interests from nuclear power, shale gas development in the U.S., and increasing use of natural gas as transportation fuel are the main factors encouraging the investment on LNG.
Developments and strategies of top cryogenic equipment manufacturers have been studied in order to distinguish winning imperatives. The report also profiles those companies and a typical profile includes company overview, cryogenic products offered by the company, financials, recent developments, and strategy based on those developments.
The companies profiled in this report include Chart Industries Inc., Cryofab, Cryoquip Inc., Eden Cryogenics LLC, Eleet Cryogenics Inc., Midwest Cryogenics, Skaff Cryogenics Inc. (SCI), Taylor Wharton LLC, INOX India Ltd, Herose GmbH, Linde AG, JSC Cryogenmash VRV Group, Wessington Cryogenics Ltd, etc.
For more information please visit http://www.researchandmarkets.com/research/vtt7pq/cryogenic.
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