Cryocooler comes from the phrase “cryogenic cooler,” and is a device for providing active cooling of something down to cryogenic temperatures. There is a wide range of these devices (pulse tube, Stirling, GM, Joule Thompson) that use different thermodynamic cycles and techniques to generate the cooling.
The market for stirling cryocoolers is expected to grow at the highest rate between 2016 and 2021 in the global cryocooler market. The major factors contributing to the growth of this market include growing adoption of these cryocoolers in a variety of applications such as space, military, medical, and commercial among others. The stirling cryocoolers are small in size and offer higher efficiencies compared to the other cryocoolers.
The key cryocooler system providers from North America and Europe led the global cryocooler market in 2016. These companies have been providing their offerings worldwide and are focusing on expanding their positions in the key markets in APAC and Row. Some of the major companies have adopted strategies such as mergers & acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase their market shares.
The global cryocooler market in the Americas held the largest share in 2016; however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include the increasing adoption of wide range of cryocoolers in semiconductor fabrication, automotive industry, and space applications among others.
The Cryocoolers market was valued at 1110 Million US$ in 2018 and is projected to reach 1620 Million US$ by 2025, at a CAGR of 4.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cryocoolers.
This report presents the worldwide Cryocoolers market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Sumitomo Heavy Industries
Chart Industries, Inc.
Brooks Automation, Inc
Advanced Research Systems
Ricor – Cryogenic & Vacuum Systems
Superconductor Technologies, Inc
Cryocoolers Breakdown Data by Type
Cryocoolers Breakdown Data by Application
Research and Development
Cryocoolers Production by Region
Cryocoolers Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Cryocoolers status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Cryocoolers manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cryocoolers :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cryocoolers market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.