Global $3.13Bn Cryocoolers Market Outlook 2019-2027 - Enticing Demands for Liquefied Natural Gas (LNG) Globally to Propel Stirling Cryocooler Demands

Dublin, April 16, 2019 (GLOBE NEWSWIRE) -- The "Cryocoolers Market to 2027 - Global Analysis and Forecasts by Hardware; and Application" report has been added to ResearchAndMarkets.com's offering.

The global cryocooler market is accounted to US$ 1,415.5 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 - 2027, to account to US$ 3,137.2 Mn by 2027.

The global cryocooler market is experiencing steady growth with regards to continuous research and development activities, to bring necessary innovations in cryocoolers. The small scale cryocoolers hold a significant position in many applications, majorly in space, medical, and military. It also assists in cooling infrared sensors for better resolutions or cooling down the superconducting electronics for an advanced digital filter.

The cryocoolers are widely used in the environment, medical, police & security, energy, agriculture & biology, transportation, and many more. Cooling of low-temperature sensors, MRI systems, and superconducting magnets are some of the other uses of cryocoolers. Wide usage of cryocoolers in varied applications is responsible to boost entire cryocooler market.

A key trend which will predominantly affect the Cryocooler market in a coming year is the emergence to have diagnostic procedures in cardiovascular imaging along with therapeutic procedures involving image-guided surgery will produce a concurrent demand for higher fields than are currently available in 'open' slot magnets and greater access to the patient than is currently available in 'short bore' magnets. These goals are not consistent with the perceived need for continuing magnet price reduction. These factors are anticipated to gain traction in the coming times having a significant impact of the Cryocooler market.

Cryocooler market by type is segmented into Brayton Cryocoolers, Pulse-Tube (PT), Stirling, Gifford-McMahon (GM), Joule-Thomson (JT), and Others. The GM cryocoolers are being widely deployed in the MRI, NMR equipment in the healthcare sector. These are also used in cryopumps and laboratory magnets. Emerging GM cryocoolers that operate for 4K temperatures are being commercially developed. The 4K cryogenic temperatures can be reached by the GM cryocoolers in two-stages, and has high reliability with lesser frequency.

Key Topics Covered

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Cryocooler Market - by Hardware
1.3.2 Global Cryocooler Market - by Type
1.3.3 Global Cryocooler Market - by Application
1.3.4 Global Cryocooler Market - by Geography

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Cryocooler Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 APAC - Pest Analysis
4.3.4 Middle East & Africa - Pest Analysis
4.3.5 South America - Pest Analysis

5. Cryocooler Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Escalating Demands for a Reliable and Cost-Effective Cryogenic Cooling Device Especially for Space Missions
5.1.2 Extinction of Helium Reserves Propelling the Demand for Alternatives
5.1.3 Enticing Demands for Liquefied Natural Gas (LNG) Globally to Propel Stirling Cryocooler Demands
5.2 Key Market Restraints
5.2.1 Concerns Around Efficiency of Cryocoolers and Smaller Capacity at Lower Temperatures
5.3 Key Market Opportunities
5.3.1 Applications of Cryocooler for Semiconductor Fabrication
5.3.2 Encouraging Expenditures by the Government of Countries on the Defense Sector
5.4 Future Trends
5.4.1 Efficient Cryocoolers for Medical Applications
5.5 Impact Analysis of Drivers and Restraints

6. Cryocooler - Global Market Analysis
6.1 Global Cryocooler Market Overview
6.2 Global Cryocooler Market Forecast and Analysis
6.3 Market Positioning/ Market Share

7. Cryocooler Market Revenue and Forecasts To 2027 - Hardware
7.1 Overview
7.2 Cryocooler Market Breakdown, by Hardware, 2018 & 2027
7.3 Power Conditioning Units
7.4 Cold Heads
7.5 Compressors
7.6 Heat Dissipation Pipes
7.7 Others

8. Global Cryocooler Market Analysis - by Type
8.1 Overview
8.2 Global Cryocooler Market Breakdown, by Type, 2018 & 2027
8.3 Brayton Cryocoolers
8.4 Pulse-Tube
8.5 Stirling
8.6 Gifford-Mcmahon (GM)
8.7 Joule-Thomson (JT)
8.8 Others

9. Cryocooler Market Revenue and Forecasts To 2027 - Application
9.1 Overview
9.2 Cryocooler Market Breakdown, by Application, 2018 & 2027
9.3 Healthcare
9.4 Environmental
9.5 Transport
9.6 Military
9.7 Commercial
9.8 Space
9.9 Research & Development
9.10 Agriculture
9.11 Others

10. Cryocooler Market - Geographical Analysis
10.1 Overview
10.2 North America Cryocooler Market Revenue and Forecasts To 2027 (US$ Mn)
10.3 Europe Cryocooler Market Revenue and Forecasts To 2027 (US$ Mn)
10.4 APAC Cryocooler Market Revenue and Forecasts To 2027 (US$ Mn)
10.5 Middle East & Africa Cryocooler Market Revenue and Forecasts To 2027 (US$ Mn) (US$ Mn) (US$ Mn)
10.6 South America Cryocooler Market Revenue and Forecasts To 2027 (US$ Mn)

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger & Acquisition
11.4 New Development

12. Key Company Profiles
12.1 Advanced Research Systems Inc.
12.2 Brooks Automation Inc.
12.3 Chart Industries Inc.
12.4 Cryomech Inc.
12.5 Northrop Grumman Corporation
12.6 Ricor - Cryogenic & Vacuum Systems
12.7 Sumitomo Heavy Industries Ltd.
12.8 Sunpower Inc. (Ametek Inc.)
12.9 Superconductor Technologies Inc.
12.10 Thales Group

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                    Related Topics: Laboratory Equipment