𝐂𝐫𝐲𝐨𝐠𝐞𝐧𝐢𝐜 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 - 𝐀𝐧 𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐏𝐃𝐅 𝐆𝐮𝐢𝐝𝐞!
𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑷𝑫𝑭:
https://lnkd.in/dW9qwpMv
Cryogenic equipment refers to specialized, high-vacuum insulated machinery designed to produce, store, transport, and utilize materials at extremely low temperatures, typically below. It is essential for handling liquefied gases like liquid nitrogen, oxygen, argon, and natural gas (LNG), ensuring they remain liquid.
The increasing use of these industrial gases in industries such as energy & power, metallurgy, electronics, chemicals, and transportation is likely to propel the demand for cryogenic equipment. Moreover, the growing popularity of liquefied natural gas as a source of clean and efficient energy will boost the demand for cryogenic equipment for transportation and storage at LNG liquefaction and regasification terminals.
💥 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐫𝐲𝐨𝐠𝐞𝐧𝐢𝐜 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
𝐃𝐫𝐢𝐯𝐞𝐫: Increasing utilization of industrial gases in metallurgy, oil & gas, and energy & power industries
𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭: Volatile raw material and metal prices and significant competition from gray market
𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: Evolving applications of cryogenic electronics
𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞: Supply chain disruptions due to Russia–Ukraine war
💥 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐂𝐫𝐲𝐨𝐠𝐞𝐧𝐢𝐜 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭:
● Healthcare and Life Sciences
● Energy and Sustainability
● Manufacturing and Material Science
● Food Processing
● Scientific Research
The cryogenic equipment market is projected to reach $22.96 billion by 2030 from $13.55 billion in 2024, at a CAGR of 9.3%.
#Nitrogen #Argon #Oxygen #LNG #Hydrogen
