극저온 장비 시장 : 제품, 극저온 가스, 시스템 유형, 최종사용자별 - 세계 예측(2025-2030년)

The Cryogenic Equipment Market was valued at USD 11.76 billion in 2023, expected to reach USD 12.58 billion in 2024, and is projected to grow at a CAGR of 6.80%, to USD 18.65 billion by 2030.

The cryogenic equipment market encompasses various products designed for the production, storage, and transportation of materials at extremely low temperatures. This equipment is pivotal in industries such as healthcare (for cryopreservation), energy (for LNG processing), and aerospace (for rocket fuel storage). The necessity for cryogenic equipment is driven by its indispensable role in maintaining the integrity of temperature-sensitive materials, thereby underscoring its application in diverse sectors like medical research, where biological samples are preserved, and in the energy sector, for enhancing fuel efficiency and transportation safety. End-use industries such as healthcare, oil & gas, and food processing significantly contribute to the market expansion.

Market growth is influenced by factors such as technological advancements leading to more efficient and robust cryogenic solutions, and increased demand for liquefied natural gas as an alternative energy source. Moreover, the growing emphasis on healthcare innovations, such as advanced medical treatments and cold storage capabilities for vaccines, presents new opportunities. Nonetheless, the industry faces challenges like high initial setup costs and the complexity of handling extremely low temperatures, which can pose safety risks and operational challenges. A key limitation is the dependence on large-scale infrastructure, which might restrict small and medium enterprise capabilities in entering the market.

Opportunities for innovation lie in enhancing material science to develop more efficient insulation materials, and digital integration for monitoring and control accuracy, ensuring optimal performance of the equipment. Companies could focus on collaboration with emerging tech sectors to pioneer breakthroughs in cryogenics. Advocating for sustainable and environmentally friendly practices in cryogenics could attract investment and government support, aligning with global sustainability agendas. Given the market's dynamic nature, strategic investments in research and partnerships with academic institutions could unlock new technological advancements, fostering rapid growth and solidifying a strong market presence.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Cryogenic Equipment Market

The Cryogenic Equipment Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Rising demand for the production of industrial gasses
  • Continuous growth in the aerospace and aviation industry
  • Rising applications with the growing demand and consumption of energy
• Market Restraints
  • High cost of cryogenic equipment
• Market Opportunities
  • Continuous innovations in the development of cryogenic equipment
  • Emerging potential for storage and transportation of medical gasses
• Market Challenges
  • Technical limitations associated with cryogenic equipment

Porter's Five Forces: A Strategic Tool for Navigating the Cryogenic Equipment Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Cryogenic Equipment Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Cryogenic Equipment Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Cryogenic Equipment Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Cryogenic Equipment Market

A detailed market share analysis in the Cryogenic Equipment Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Cryogenic Equipment Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Cryogenic Equipment Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Cryogenic Equipment Market, highlighting leading vendors and their innovative profiles. These include Wessington Cryogenics Ltd., CRYO PUR by La Francaise de l'Energie, Honeywell International Inc., Beijing Tianhai Cryogenic Equipment Co., Ltd, Air Water Inc., Ability Engineering Technology, Inc., Atlas Copco AB, Cryofab Inc., MAN Energy Solutions SE, CS&P Technologies, LP, Dover Corporation, Sulzer Ltd., PHPK Technologies, Air Liquide S.A., Sumitomo Heavy Industries, Ltd., Emerson Electric Co., CryoVation LLC, Caterpillar Inc., Pacira BioSciences, Inc., Cryospain, S.L., Indian Oil Corporation Limited, Parker-Hannifin Corporation, Nikkiso, Co. Ltd., INOX India Limited, CIMC Enric Holdings Limited, Schlumberger N.V, Harris Products Group by Lincoln Electric Holdings, Inc., IceCure Medical Ltd., Herose GmbH, Air Products and Chemicals, Inc., Chart Industries, Inc., Thermo Fisher Scientific Inc., Fives Group, Azenta, Inc., Linde PLC, Flowserve Corporation, Omni Tanker Pty Ltd., Bluefors Oy, and Taylor-Wharton.

Market Segmentation & Coverage

This research report categorizes the Cryogenic Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Product, market is studied across Freezer, Pipe, Pumps, Tanks, Valves, and Vaporizers.
• Based on Cryogen, market is studied across Argon, Helium, Hydrogen, LNG, Nitrogen, and Oxygen.
• Based on System Type, market is studied across Handling System, Storage System, and Supply System.
• Based on End-User, market is studied across Chemicals, Electronics, Energy & Power, Healthcare, Oil & Gas, and Transportation.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rising demand for the production of industrial gasses
    • 5.1.1.2. Continuous growth in the aerospace and aviation industry
    • 5.1.1.3. Rising applications with the growing demand and consumption of energy
  • 5.1.2. Restraints
    • 5.1.2.1. High cost of cryogenic equipment
  • 5.1.3. Opportunities
    • 5.1.3.1. Continuous innovations in the development of cryogenic equipment
    • 5.1.3.2. Emerging potential for storage and transportation of medical gasses
  • 5.1.4. Challenges
    • 5.1.4.1. Technical limitations associated with cryogenic equipment
• 5.2. Market Segmentation Analysis
  • 5.2.1. Product: Ongoing research in cryogenic freezers includes the development of energy-efficient freezers and the incorporation of smart monitoring systems
  • 5.2.2. Cryogen: Increasing utilization of nitrogen as it provides a stable and ultra-low temperature environment
  • 5.2.3. System Type: Continuous improvements in storage systems to enhance operational safety
  • 5.2.4. End-User: Expanding cryogenic applications across the healthcare industry for freezing vaccines and preserving biological samples
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Cryogenic Equipment Market, by Product

• 6.1. Introduction
• 6.2. Freezer
• 6.3. Pipe
• 6.4. Pumps
• 6.5. Tanks
• 6.6. Valves
• 6.7. Vaporizers

7. Cryogenic Equipment Market, by Cryogen

• 7.1. Introduction
• 7.2. Argon
• 7.3. Helium
• 7.4. Hydrogen
• 7.5. LNG
• 7.6. Nitrogen
• 7.7. Oxygen

8. Cryogenic Equipment Market, by System Type

• 8.1. Introduction
• 8.2. Handling System
• 8.3. Storage System
• 8.4. Supply System

9. Cryogenic Equipment Market, by End-User

• 9.1. Introduction
• 9.2. Chemicals
• 9.3. Electronics
• 9.4. Energy & Power
• 9.5. Healthcare
• 9.6. Oil & Gas
• 9.7. Transportation

10. Americas Cryogenic Equipment Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Cryogenic Equipment Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Cryogenic Equipment Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. Flowserve introduces Worcester Cryogenic Ball Valves to Help Control Fugitive Emissions
  • 13.3.2. Cryogenic Specialist Nikkiso Joins SEA-LNG Coalition
  • 13.3.3. Bluefors to Acquire its Distributor Rockgate, Establishing Direct Presence in the Japanese Cryogenics Technology Market
  • 13.3.4. Air Water Inc. Acquires Specialized Distribution Equipment Producer M1 Engineering
  • 13.3.5. INOXCVA Begins Construction of INR 200 Crore Cryogenic Equipment Manufacturing Facility
  • 13.3.6. Nikkiso Clean Energy & Industrial Gases Group Announces Expansion of Sales, Service and Engineering Facility in South Africa
  • 13.3.7. Parker Releases a New Comprehensive Catalog for its Range of Bestobell Cryogenic Valves for Industrial Gas Applications
  • 13.3.8. Nikkiso Clean Energy & Industrial Gases Group Completes the Acquisition of Cryotec Anlagenbau GmbH, Wurzen, Germany
  • 13.3.9. Cryomotive and Fives Enter into a Partnership to Develop a Leading Cryogenic Pump for Truck Hydrogen Refueling Stations
  • 13.3.10. Nikkiso Clean Energy Opens New Facility in Qatar

Companies Mentioned

• 1. Wessington Cryogenics Ltd.
• 2. CRYO PUR by La Francaise de l'Energie
• 3. Honeywell International Inc.
• 4. Beijing Tianhai Cryogenic Equipment Co., Ltd
• 5. Air Water Inc.
• 6. Ability Engineering Technology, Inc.
• 7. Atlas Copco AB
• 8. Cryofab Inc.
• 9. MAN Energy Solutions SE
• 10. CS&P Technologies, LP
• 11. Dover Corporation
• 12. Sulzer Ltd.
• 13. PHPK Technologies
• 14. Air Liquide S.A.
• 15. Sumitomo Heavy Industries, Ltd.
• 16. Emerson Electric Co.
• 17. CryoVation LLC
• 18. Caterpillar Inc.
• 19. Pacira BioSciences, Inc.
• 20. Cryospain, S.L.
• 21. Indian Oil Corporation Limited
• 22. Parker-Hannifin Corporation
• 23. Nikkiso, Co. Ltd.
• 24. INOX India Limited
• 25. CIMC Enric Holdings Limited
• 26. Schlumberger N.V
• 27. Harris Products Group by Lincoln Electric Holdings, Inc.
• 28. IceCure Medical Ltd.
• 29. Herose GmbH
• 30. Air Products and Chemicals, Inc.
• 31. Chart Industries, Inc.
• 32. Thermo Fisher Scientific Inc.
• 33. Fives Group
• 34. Azenta, Inc.
• 35. Linde PLC
• 36. Flowserve Corporation
• 37. Omni Tanker Pty Ltd.
• 38. Bluefors Oy
• 39. Taylor-Wharton