Product Code: IRTNTR9834
About Cryogenic Technology
Cryogenic technology involves production, maintenance, and application of low temperatures below 150⁰F. This technology has increased its scope of application from cold storage to core processes in various end-user industries. The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.
Technavio's analysts forecast the global cryogenic equipment market to grow at a CAGR of 6.05% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cryogenic equipment market for 2016-2020. To calculate the market size, the report estimates the demand for cryogenic equipment from various end-user industries such as petrochemical and chemical, metallurgy, power, semiconductors, and others.
The market is divided into the following segments based on geography:
Technavio's report, Global Cryogenic Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Chart Industries
- Cryofab
- INOXCVA
- Linde
- VRV
- Wessington Cryogenics
Market driver
- Natural gas set to surpass coal in primary energy mix in coal-dominant economies
- For a full, detailed list, view our report
Market challenge
- Operational issues in LNG plants
- For a full, detailed list, view our report
Market trend
- Technological advances enhance scope of cryogenics
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-user
- Global cryogenic equipment market by end-user
- Global cryogenic equipment market in petrochemical and chemical industries
- Global cryogenic equipment market in metallurgy industry
- Global cryogenic equipment market in power industry
- Global cryogenic equipment market in electronics industry
PART 07: Geographical segmentation
- Global cryogenic equipment market by geographical segmentation
- Cryogenic equipment market in APAC
- Cryogenic equipment market in EMEA
- Cryogenic equipment market in Americas
PART 08: Market drivers
- Recovery of stalled projects in India
- Growing applications in life sciences
- Natural gas set to surpass coal in primary energy mix in coal-dominant economies
- Increased demand for nitrogen from food processing industry
PART 09: Impact of drivers
PART 10: Market challenges
- Slowdown in steel industry
- Declining demand for LNG from South Korea and Japan
- Operational issues in LNG plants
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Technological advances enhance scope of cryogenics
- Commercialization of HTS cables
PART 13: Vendor landscape
PART 14: Key vendor analysis
- Chart Industries
- Cryofab
- INOXCVA
- Linde
- VRV
- Wessington Cryogenics
PART 15: Appendix
PART 16: Explore Technavio
List of Exhibits
- Exhibit 01: Key countries in each region
- Exhibit 02: Product offerings
- Exhibit 03: US shale gas production 2007-2014 (BCM)
- Exhibit 04: Overview of LNG projects worldwide as of May 2016
- Exhibit 05: Top 10 countries in terms of CO2 emissions 2014 (MtCO2)
- Exhibit 06: Global cryogenic equipment market by end-user growth 2015-2020
- Exhibit 07: Global cryogenic equipment market 2015-2020 ($ billions)
- Exhibit 08: Henry Hub historical average prices of natural gas 1997-2016 ($/MBTU)
- Exhibit 09: Long-term LNG deals of India
- Exhibit 10: Five forces analysis
- Exhibit 11: Global cryogenic equipment market by end-user 2015 and 2020
- Exhibit 12: Global cryogenic equipment market in petrochemical and chemical industries 2015-2020
- Exhibit 13: Number of gas tankers worldwide 2005, 2010, and 2015
- Exhibit 14: Top exporting countries in 2015
- Exhibit 15: Top importing countries in 2015
- Exhibit 16: LNG liquefaction capacity under construction as of January 2016
- Exhibit 17: FLNG capacity of leading countries under construction as of January 2016
- Exhibit 18: Proposed FLNG construction as of January 2016
- Exhibit 19: Global cryogenic equipment market in metallurgy industry 2015-2020
- Exhibit 20: Overview of sub-zero cryogenic treatments
- Exhibit 21: Outlook of top 10 steel consuming countries 2015-2017
- Exhibit 22: Production of steel and growth rate 2010-2015
- Exhibit 23: Historic annual growth rate of steel industry
- Exhibit 24: Average construction spending by country in APAC 2015
- Exhibit 25: Global cryogenic equipment in power industry 2015-2020
- Exhibit 26: Gas-based power plant planned capacity in US 2016-2018 (MW)
- Exhibit 27: Global cryogenic equipment market in electronics industry 2015-2020
- Exhibit 28: Smart phone penetration rate 2014-2016
- Exhibit 29: Evolution of components in automotive 1970-2010
- Exhibit 30: Automotive electronic cost share of vehicles 1990-2030
- Exhibit 31: Geographical segmentation overview
- Exhibit 32: Cryogenic equipment market in APAC 2015-2020
- Exhibit 33: Share of steel production and steel use by region 2014
- Exhibit 34: LNG liquefaction projects as of May 2016
- Exhibit 35: Regasification LNG terminals as of May 2016
- Exhibit 36: Energy mix of India as of 2015
- Exhibit 37: Energy mix of China in 2015
- Exhibit 38: Cryogenic equipment market in EMEA 2015-2020
- Exhibit 39: LNG liquefaction terminals in EMEA
- Exhibit 40: LNG regasification units in EMEA
- Exhibit 41: Annual per capita consumption of beer in Europe 2009 and 2014
- Exhibit 42: Top five beer exporting countries in 2014 (hectoliters)
- Exhibit 43: European beer exports 2009-2014 (hectoliters)
- Exhibit 44: Cryogenic equipment market in Americas 2015-2020
- Exhibit 45: Unproved technically recoverable wet shale gas reserves in US, Mexico, and Canada (trillion cubic feet) 2015
- Exhibit 46: Number of liquefaction plants as of May 2016
- Exhibit 47: Number of regasification units as of May 2016
- Exhibit 48: Infrastructure quality ratings of export countries worldwide 2015
- Exhibit 49: Miles of gas pipelines per million as of 2014
- Exhibit 50: LNG imports of China 2010-2014
- Exhibit 51: Global food packaging industry 2015-2020 ($ billions)
- Exhibit 52: Advantages of LN2 in meat processing
- Exhibit 53: Impact of drivers
- Exhibit 54: Application of cryogenic gases in iron and steel industry
- Exhibit 55: Regional outlook for steel growth in 2016 and 2017
- Exhibit 56: Top 10 steel producing countries
- Exhibit 57: LNG consumption in Japan and South Korea 2010-2014
- Exhibit 58: Impact of drivers and challenges
- Exhibit 59: Global HTS power cable projects
- Exhibit 60: Geographical presence of vendors
- Exhibit 61: Mapping of key vendors
- Exhibit 62: Key vendor ratings
