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:
• Americas
• APAC
• EMEA

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.