Cryogenic Equipment Market Worth USD 25.05 Billion by 2022 – Investment in Emerging Markets Brazil & India – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets has announced the addition of the “Cryogenic Equipment Market Analysis By Product, By Gas, By Application, By End-Use And Segment – Forecasts To 2022” report to their offering.
The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022.
Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG, being an extremely low emission fuel, is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.
Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.
Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.
North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years, a trend anticipated to provide an impetus for future market growth.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. HEPA Filters Industry Outlook
4. Cryogenic Equipment Product Outlook
5. Cryogenic Equipment Gas Outlook
6. Cryogenic Equipment Application Outlook
7. Cryogenic Equipment End-Use Outlook
8. Cryogenic Equipment Regional Outlook
9. Competitive Landscape
- Chart Industries
- Cryo pure
- Cryogenic Equipment & Services, Inc.
- Cryogenic Systems Equipment, Inc.
- HEROSE GmbH
- Packo Industry
- Taylor-Wharton International LLC
- The Linde Group
- Wessington Cryogenics
For more information visit http://www.researchandmarkets.com/research/p8bl9m/cryogenic
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