The report "Cryocooler Market
by Type (GM, PT, JT, Stirling, and Brayton Cryocoolers), Services
(Technical Support, Repair, Preventive Maintenance), Heat Exchanger Type
(Recuperative and Regenerative), Application, and Geography - Global
Forecast to 2022", The global cryocooler market is projected to
reach USD 2.99 Billion by 2022, at a CAGR of 7.00% between 2017 and
2022. The major factors driving the growth of this market include the
shortage of helium gas, growing medical & healthcare services in the
developing economies, growing production of liquefied natural gas, and
increasing adoption of cryocoolers in the semiconductor industry.
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Browse 70 market data tables and 71 figures spread through 179 pages and in-depth TOC on "Cryocooler Market - Global Forecast to 2022"
The major players in the cryocooler market are Sumitomo Heavy Industries Ltd. (Japan), Chart Industries, Inc. (U.S.), Brooks Automation, Inc. (U.S.), Sunpower, Inc. (U.S.), Cryomech, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Research Systems, Inc. (U.S.), DH Industries BV (The Netherlands), Janis Research Company, LLC (U.S.), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies, Inc. (U.S.), and Air Liquide S.A. (France).
The military application in the cryocooler market held the largest share in 2016.
The major players in the cryocooler market are Sumitomo Heavy Industries Ltd. (Japan), Chart Industries, Inc. (U.S.), Brooks Automation, Inc. (U.S.), Sunpower, Inc. (U.S.), Cryomech, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Research Systems, Inc. (U.S.), DH Industries BV (The Netherlands), Janis Research Company, LLC (U.S.), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies, Inc. (U.S.), and Air Liquide S.A. (France).
The military application in the cryocooler market held the largest share in 2016.
The cryocooler market is application driven. This
market has been segmented on the basis of application into military,
medical, commercial, environmental, energy & power, transport,
mining and metal, research & development, space, agriculture &
biology, and others. The military application accounted for the largest
share in 2016. This market is expected to grow at a significant rate
between 2017 and 2022, driven by the growing adoption of various
cryocoolers to provide cryogenic temperatures for IR sensors in missile
guidance, night vison based systems, and satellite-based surveillance.
The market for Stirling cryocoolers is expected to grow at the highest rate between 2017 and 2022.
The cryocooler market based on type is segmented into
GM, PT, Stirling, JT, and Brayton cryocoolers. Among these cryocoolers,
the market for Stirling cryocoolers is expected to witness the highest
growth during the forecast period. The key factors contributing to the
growth of this market include the increasing adoption of these
cryocoolers in a wide range of applications such as military, medical,
commercial, research and development, and space. Also, due to the
increased spending by developing nations such as China, India, Malaysia,
and Thailand on the military, medical, and semiconductor manufacturing
sectors, the demand for these cryocoolers is expected to rise during the
forecast period.
The Americas held the largest share of the cryocooler market in 2016
The cryocooler market in the Americas held the
largest share of the global cryocooler market in 2016, followed by the
markets in Europe and APAC. The growth of the cryocooler market in the
Americas is mainly driven by factors such as the established military
industry and the growing importance of the use of cryocoolers in medical
cryosurgery and proton therapy. Also, the rising installation of the
cryogenic technology in aircraft carriers is driving the growth of the
cryocooler market in the Americas. North America holds the major share
of the cryocooler market in the Americas.
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