Cryogenic Equipment Market Size, Share | Exactitude Consultancy Reports

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Exactitude Consultancy Latest Published Cryogenic Equipment Market Research Report by Product (Tanks, Valves, Vaporizers, Pumps, Other Equipment), Cryogen Type (Nitrogen, Oxygen, Argon, LNG, Hydrogen, Other Cryogen), End User (Energy & Power, Chemical, Metallurgy, Electronics, Transportation, Other End-Use Industries) and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast from 2022 To 2029

On the basis of product, the global cryogenic equipment market has been segmented as tanks, valves, vaporizers, pumps and others. Other equipment includes pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak detection equipment, dispensers, and accessories (manifolds, fittings, vacuum jacketed/insulated piping, hoses, connections). The tanks are 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.

The global cryogenic equipment market is expected to grow at more than 7.2% CAGR from 2022 to 2029. It is expected to reach above USD 41.5 billion by 2029 from USD 22.19 billion in 2020.

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