Global Cryocoolers Industry

Global Cryocoolers Industry

  • April 2022 •
  • 382 pages •
  • Report ID: 5895924 •
  • Format: PDF
Abstract:
What’s New for 2022?

- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one yearGlobal Cryocoolers Market to Reach US$3.3 Billion by the Year 2027

- Amid the COVID-19 crisis, the global market for Cryocoolers estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027.Gifford-McMahon Cryocoolers, one of the segments analyzed in the report, is projected to grow at a 7% CAGR to reach US$1.2 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pulse-Tube Cryocoolers segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 25.5% share of the global Cryocoolers market.

- The U.S. Accounts for Over 31.4% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027

- The Cryocoolers market in the U.S. is estimated at US$663.3 Million in the year 2020. The country currently accounts for a 31.38% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$371.4 Million in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR while Rest of European market (as defined in the study) will reach US$371.4 Million by the year 2027.

- Stirling Cryocoolers Segment Corners a 18.2% Share in 2020

- In the global Stirling Cryocoolers segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$299.2 Million in the year 2020 will reach a projected size of US$503.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$534.5 Million by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

- Select Competitors (Total 52 Featured) Advanced Research Systems, Inc.AIM Infrarot-Module GmbHAir Liquide SABrooks Automation, Inc.Chart Industries, Inc.Creare LLCCryomech, Inc.Fabrum Solutions Ltd.Janis Research Company, LLC.L3 Cincinnati ElectronicsLe-tehnika, d.o.o. Lihan Technologies Co., Ltd.Northrop Grumman CorporationOxford CryosystemsRicor - Cryogenic & Vacuum SystemsSierra Lobo, Inc.Stratox LimitedSumitomo Heavy Industries Ltd.Sunpower Inc.Superconductor Technologies, Inc.Thales Cryogenics B.V.Tristan Technologies, Inc.Vacree Technologies Co., Ltd.