According to a new market report by Lucintel, the future of the cryocooler market looks promising with opportunities in the military, medical, commercial, energy & space, research and development, transport, and agriculture & mining industries. The global cryocooler market is expected to grow with a CAGR of 7% from 2021 to 2026. The major drivers for this market are raising adoption of cryocoolers in the semiconductor industry, superconducting magnets, power systems, and increasing use of cryocooler in MRI, NMR equipment, and proton therapy.
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In this market, recuperative and regenerative heat exchangers are used in military, medical, commercial, environmental, energy, research and development, transport, agriculture & biology, space, and mining and metal industries. Regenerative heat exchangers will remain the largest segment due to increasing adoption of regenerative heat exchangers in GM, PT, and Stirling cryocoolers, as these cryocoolers are used in a wide range of applications in military, space, medical, energy, agriculture, and biology.
North America will remain the largest region during the forecast period due to increasing healthcare innovations and their use in proton therapy for cancer treatment.
Advanced Research Systems, Brooks Automation, Chart Industries, Cryomech, DH Industries, Janis Research Company, RICOR – Cryogenic & Vacuum Systems, Sumitomo Heavy Industries, Sunpower, and Superconductor Technologies are among the major cryocooler manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cryocooler market by offering, heat exchanger, operating cycle, type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Cryocooler Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cryocooler market by offering, heat exchanger, operating cycle, type, application, and region as follows:
By Offering [$M shipment analysis for 2015 – 2026]:
By Heat Exchanger Type [$M shipment analysis for 2015 – 2026]:
Recuperative Heat Exchangers
Regenerative Heat Exchangers
By Operating Cycle [$M shipment analysis for 2015 – 2026]:
Open-loop cycle
Closed-loop cycle
By Type [$M shipment analysis for 2015 – 2026]:
Gifford-Mcmahon
Pulse-Tube
Stirling
Joule-Thomson
Brayton
By Application [$M shipment analysis for 2015 – 2026]:
Military
Medical
Commercial
Energy & Space
Research and Development
Transport
Agriculture & Mining
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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