Table of Content

"1    INTRODUCTION    23
1.1    STUDY OBJECTIVES    23
1.2    DEFINITION AND SCOPE    23
1.2.1    CRYOGENIC EQUIPMENT MARKET: INCLUSIONS & EXCLUSIONS    24
1.3    MARKET SCOPE    24
1.3.1    MARKETS COVERED    24
1.3.2    REGIONAL SCOPE    25
1.3.3    YEARS CONSIDERED    25
1.4    CURRENCY    26
1.5    LIMITATION    26
1.6    STAKEHOLDERS    26
1.7    SUMMARY OF CHANGES    27
2    RESEARCH METHODOLOGY    28
2.1    RESEARCH DATA    28
FIGURE 1    CRYOGENIC EQUIPMENT MARKET: RESEARCH DESIGN    29
2.1.1    SECONDARY DATA    30
2.1.1.1    Key data from secondary sources    30
2.1.2    PRIMARY DATA    31
2.1.2.1    Key data from primary sources    31
2.1.2.2    Breakdown of primaries    32
FIGURE 2    BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    32
2.2    MARKET BREAKDOWN AND DATA TRIANGULATION    33
FIGURE 3    DATA TRIANGULATION METHODOLOGY    33
2.3    MARKET SIZE ESTIMATION    33
2.3.1    BOTTOM-UP APPROACH    34
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    34
2.3.2    TOP-DOWN APPROACH    34
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    34
2.4    IDEAL DEMAND-SIDE ANALYSIS    35
2.4.1    DEMAND-SIDE METRICS    36
FIGURE 6    MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR CRYOGENIC EQUIPMENT    36
2.4.2    ASSUMPTIONS FOR DEMAND-SIDE ANALYSIS    36
2.5    SUPPLY-SIDE ANALYSIS    37
FIGURE 7    KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF CRYOGENIC EQUIPMENT MARKET    37
FIGURE 8    CRYOGENIC EQUIPMENT MARKET: SUPPLY-SIDE ANALYSIS    38
2.5.1    CALCULATIONS FOR SUPPLY SIDE    38
2.5.2    ASSUMPTIONS FOR SUPPLY SIDE    38
FIGURE 9    MARKET SHARE ANALYSIS, 2021    39
2.6    FORECAST    39
3    EXECUTIVE SUMMARY    40
TABLE 1    CRYOGENIC EQUIPMENT MARKET SNAPSHOT    41
FIGURE 10    TANKS SEGMENT IS EXPECTED TO DOMINATE CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, DURING FORECAST PERIOD    42
FIGURE 11    LNG SEGMENT IS EXPECTED TO WITNESS THE HIGHT GROWTH, DURING FORECAST PERIOD    42
FIGURE 12    METALLURGY SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF CRYOGENIC EQUIPMENT MARKET, BY END USER, DURING FORECAST PERIOD    43
FIGURE 13    STORAGE SYSTEM SEGMENT IS EXPECTED TO DOMINATE CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, DURING FORECAST PERIOD    43
FIGURE 14    ASIA PACIFIC DOMINATED CRYOGENIC EQUIPMENT MARKET IN 2021    44
4    PREMIUM INSIGHTS    45
4.1    ATTRACTIVE OPPORTUNITIES IN CRYOGENIC EQUIPMENT MARKET    45
FIGURE 15    GROWTH IN DEMAND FOR CRYOGENIC EQUIPMENT ACROSS ENTIRE LNG VALUE CHAIN IS EXPECTED TO DRIVE CRYOGENIC EQUIPMENT MARKET DURING 2022–2027    45
4.2    CRYOGENIC EQUIPMENT MARKET, BY REGION    46
FIGURE 16    CRYOGENIC EQUIPMENT MARKET TO WITNESS HIGHEST GROWTH IN ASIA PACIFIC DURING FORECAST PERIOD    46
4.3    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT    46
FIGURE 17    TANK SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, IN 2021    46
4.4    CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN    47
FIGURE 18    NITROGEN SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, IN 2021    47
4.5    CRYOGENIC EQUIPMENT MARKET, BY END USER    47
FIGURE 19    METALLURGY SEGMENT HELD LARGEST SHARE OF CRYOGENIC EQUIPMENT MARKET, BY END USER, IN 2021    47
4.6    CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE    48
FIGURE 20    STORAGE SYSTEM SEGMENT DOMINATED CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, IN 2021    48
4.7    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER & COUNTRY    49
FIGURE 21    METALLURGY & CHINA SEGMENTS DOMINATED CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER & COUNTRY, RESPECTIVELY, IN 2021    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    COVID-19 HEALTH ASSESSMENT    50
FIGURE 22    COVID-19 GLOBAL PROPAGATION    51
FIGURE 23    COVID-19 PROPAGATION IN SELECT COUNTRIES    51
5.3    COVID-19 ECONOMIC ASSESSMENT    52
FIGURE 24    REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020    52
5.4    MARKET DYNAMICS    53
FIGURE 25    CRYOGENIC EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    53
5.4.1    DRIVERS    53
5.4.1.1    High demand for industrial gases from metallurgy and energy & power industries    53
FIGURE 26    CRUDE STEEL PRODUCTION, 2019–2020    54
FIGURE 27    GLOBAL OIL DEMAND, 2019–2026    55
TABLE 2    GLOBAL OIL DEMAND (OECD VS NON-OECD), 2019–2026    55
5.4.1.2    Growing demand for cryogenic equipment across entire LNG value chain    55
5.4.2    RESTRAINTS    56
5.4.2.1    High CAPEX and OPEX costs associated with cryogenic plants    56
5.4.2.2    Volatile raw material prices and competition from gray market players    56
FIGURE 28    IRON ORE PRICE, 2021–2022    57
5.4.3    OPPORTUNITIES    57
5.4.3.1    Growing use of cryogenic equipment in space and satellite applications    57
5.4.3.2    Evolving cryogenic electronics applications    57
5.4.3.3    Transition toward renewable energy and increasing awareness of cryogenic energy storage systems    58
5.4.4    CHALLENGES    58
5.4.4.1    Cryogen leakage from equipment leading to hazards and greenhouse emissions    58
5.5    COVID-19 IMPACT    59
5.6    INNOVATIONS & PATENT REGISTRATION    59
5.7    TECHNOLOGY ANALYSIS    62
5.8    CRYOGENIC EQUIPMENT MARKET: REGULATIONS    63
5.9    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES    64
5.9.1    REVENUE SHIFT AND NEW REVENUE POCKETS IN CRYOGENIC EQUIPMENT MARKET    64
FIGURE 29    REVENUE SHIFT OF CRYOGENIC EQUIPMENT PROVIDERS    64
5.10    SUPPLY CHAIN ANALYSIS    65
FIGURE 30    CRYOGENIC EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS    65
5.10.1    CRYOGENIC EQUIPMENT RAW MATERIAL SUPPLIERS    65
5.10.2    CRYOGENIC EQUIPMENT MANUFACTURERS    65
5.10.3    INDUSTRIAL GAS MANUFACTURERS    65
5.10.4    END USERS    65
5.11    ECOSYSTEM/MARKET MAP    66
TABLE 3    CRYOGENIC EQUIPMENT MARKET: ECOSYSTEM    66

5.12    AVERAGE PRICING ANALYSIS    67
TABLE 4    CRYOGENIC EQUIPMENT: AVERAGE PRICING ANALYSIS    67
5.13    KEY CONFERENCES & EVENTS TO BE HELD DURING 2022–2023    67
TABLE 5    CRYOGENIC EQUIPMENT MARKET: LIST OF CONFERENCES & EVENTS    67
5.14    CRYOGENIC EQUIPMENT MARKET: REGULATIONS    68
5.14.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    68
TABLE 6    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    68
TABLE 7    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    68
TABLE 8    GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    68
5.15    PORTER’S FIVE FORCES ANALYSIS    69
FIGURE 31    CRYOGENIC EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    69
TABLE 9    CRYOGENIC EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    69
5.15.1    THREAT OF NEW ENTRANTS    70
5.15.2    BARGAINING POWER OF SUPPLIERS    70
5.15.3    BARGAINING POWER OF BUYERS    70
5.15.4    THREAT OF SUBSTITUTES    70
5.15.5    DEGREE OF COMPETITION    71
5.16    CASE STUDY ANALYSIS    71
5.16.1    AFCRYO’S IMPACTFUL SOLUTION TO HELP PHARMA CLIENT ACHIEVE OPERATIONAL EFFICIENCY    71
5.17    KEY STAKEHOLDERS & BUYING CRITERIA    72
5.17.1    KEY STAKEHOLDERS IN BUYING PROCESS    72
FIGURE 32    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR 3 END-USER INDUSTRIES    72
TABLE 10    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR 3 END-USER INDUSTRIES (%)    72
5.17.2    BUYING CRITERIA    73
FIGURE 33    KEY BUYING CRITERIA FOR 3 END-USER INDUSTRIES    73
TABLE 11    KEY BUYING CRITERIA FOR 3 END-USER INDUSTRIES    73
6    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT    74
6.1    INTRODUCTION    75
FIGURE 34    CRYOGENIC EQUIPMENT MARKET SHARE, BY EQUIPMENT, 2021    75
TABLE 12    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2016–2019 (USD MILLION)    75
TABLE 13    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2020–2027 (USD MILLION)    76
TABLE 14    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2016–2019 (THOUSAND UNITS)    76
TABLE 15    CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2020–2027 (THOUSAND UNITS)    76
6.2    TANKS    77
6.2.1    INCREASING LNG PRODUCTION IS FUELING DEMAND FOR TANKS    77
TABLE 16    CRYOGENIC EQUIPMENT MARKET FOR TANKS, BY REGION, 2016–2019 (USD MILLION)    77
TABLE 17    CRYOGENIC EQUIPMENT MARKET FOR TANKS, BY REGION, 2020–2027 (USD MILLION)    78
6.3    VALVES    78
6.3.1    HIGH DEMAND FOR INDUSTRIAL GASES FROM AEROSPACE AND ELECTRONICS SECTORS IS LIKELY TO BOOST MARKET    78
TABLE 18    CRYOGENIC EQUIPMENT MARKET FOR VALVES, BY REGION, 2016–2019 (USD MILLION)    79
TABLE 19    CRYOGENIC EQUIPMENT MARKET FOR VALVES, BY REGION, 2020–2027 (USD MILLION)    79
6.4    VAPORIZERS    79
6.4.1    DEMAND FOR VAPORIZERS INCREASES WITH INDUSTRIAL GASES CONSUMPTION ACROSS END-USE INDUSTRIES    79
TABLE 20    CRYOGENIC EQUIPMENT MARKET FOR VAPORIZERS, BY REGION, 2016–2019 (USD MILLION)    80
TABLE 21    CRYOGENIC EQUIPMENT MARKET FOR VAPORIZERS, BY REGION, 2020–2027 (USD MILLION)    80
6.5    PUMPS    81
6.5.1    INCREASING DEMAND FOR LNG INFRASTRUCTURE IS EXPECTED TO DRIVE DEMAND FOR CRYOGENIC PUMPS    81
TABLE 22    CRYOGENIC EQUIPMENT MARKET FOR PUMPS, BY REGION, 2016–2019 (USD MILLION)    81
TABLE 23    CRYOGENIC EQUIPMENT MARKET FOR PUMPS, BY REGION, 2020–2027 (USD MILLION)    81
6.6    OTHER EQUIPMENT    82
TABLE 24    CRYOGENIC EQUIPMENT MARKET FOR OTHER EQUIPMENT, BY REGION, 2016–2019 (USD MILLION)    82
TABLE 25    CRYOGENIC EQUIPMENT MARKET FOR OTHER EQUIPMENT, BY REGION, 2020–2027 (USD MILLION)    82
7    CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN    83
7.1    INTRODUCTION    84
FIGURE 35    CRYOGENIC EQUIPMENT MARKET SHARE, BY CRYOGEN, 2021    84
TABLE 26    CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2016–2019 (USD MILLION)    84
TABLE 27    CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2020–2027 (USD MILLION)    85
7.2    NITROGEN    85
7.2.1    INCREASING UTILIZATION OF NITROGEN IN ENERGY AND POWER INDUSTRY HAS INCREASED DEMAND FOR NITROGEN-RELATED CRYOGENIC EQUIPMENT    85
TABLE 28    CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY REGION, 2016–2019 (USD MILLION)    85
TABLE 29    CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY REGION, 2020–2027 (USD MILLION)    86
TABLE 30    CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY END USER, 2016–2019 (USD MILLION)    86
TABLE 31    CRYOGENIC EQUIPMENT MARKET FOR NITROGEN, BY END USER, 2020–2027 (USD MILLION)    87
7.3    ARGON    87
7.3.1    DEMAND FOR ARGON-HANDLING CRYOGENIC EQUIPMENT INCREASES WITH DEMAND FOR ELECTRONICS    87
TABLE 32    CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY REGION, 2016–2019 (USD MILLION)    88
TABLE 33    CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY REGION, 2020–2027 (USD MILLION)    88
TABLE 34    CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY END USER, 2016–2019 (USD MILLION)    88
TABLE 35    CRYOGENIC EQUIPMENT MARKET FOR ARGON, BY END USER, 2020–2027 (USD MILLION)    89
7.4    OXYGEN    89
7.4.1    INCREASING STEEL AND IRON PRODUCTION CREATES HIGH DEMAND FOR OXYGEN-RELATED CRYOGENIC EQUIPMENT    89
TABLE 36    CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY REGION, 2016–2019 (USD MILLION)    90
TABLE 37    CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY REGION, 2020–2027 (USD MILLION)    90
TABLE 38    CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY END USER, 2016–2019 (USD MILLION)    90
TABLE 39    CRYOGENIC EQUIPMENT MARKET FOR OXYGEN, BY END USER, 2020–2027 (USD MILLION)    91
7.5    LNG    91
7.5.1    RISING DEMAND FOR CLEANER ENERGY FOSTERS LNG INFRASTRUCTURE DEVELOPMENT    91
TABLE 40    CRYOGENIC EQUIPMENT MARKET FOR LNG, BY REGION, 2016–2019 (USD MILLION)    92
TABLE 41    CRYOGENIC EQUIPMENT MARKET FOR LNG, BY REGION, 2020–2027 (USD MILLION)    92
TABLE 42    CRYOGENIC EQUIPMENT MARKET FOR LNG, BY END USER, 2016–2019 (USD MILLION)    92
TABLE 43    CRYOGENIC EQUIPMENT MARKET FOR LNG, BY END USER, 2020–2027 (USD MILLION)    93
7.6    HYDROGEN    93
7.6.1    RISING DEMAND FOR HYDROGEN FUEL CELLS FOR TRANSPORTATION AND ENERGY APPLICATIONS IS EXPECTED TO FUEL MARKET GROWTH    93
TABLE 44    CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY REGION, 2016–2019 (USD MILLION)    94
TABLE 45    CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY REGION, 2020–2027 (USD MILLION)    94
TABLE 46    CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY END USER, 2016–2019 (USD MILLION)    95
TABLE 47    CRYOGENIC EQUIPMENT MARKET FOR HYDROGEN, BY END USER, 2020–2027 (USD MILLION)    95

7.7    OTHER CRYOGEN    96
TABLE 48    CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY REGION, 2016–2019 (USD MILLION)    96
TABLE 49    CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY REGION, 2020–2027 (USD MILLION)    96
TABLE 50    CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY END USER, 2016–2019 (USD MILLION)    97
TABLE 51    CRYOGENIC EQUIPMENT MARKET FOR OTHER CRYOGEN, BY END USER, 2020–2027 (USD MILLION)    97
8    CRYOGENIC EQUIPMENT MARKET, BY END USER    98
8.1    INTRODUCTION    99
FIGURE 36    CRYOGENIC EQUIPMENT MARKET, BY END USER, 2021    99
TABLE 52    CRYOGENIC EQUIPMENT MARKET, BY END USER, 2016–2019 (USD MILLION)    99
TABLE 53    CRYOGENIC EQUIPMENT MARKET, BY END USER, 2020–2027 (USD MILLION)    100
8.2    METALLURGY    100
8.2.1    GROWTH OF MANUFACTURING AND INDUSTRIAL SECTORS IS DRIVING MARKET GROWTH    100
TABLE 54    CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY REGION, 2016–2019 (USD MILLION)    101
TABLE 55    CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY REGION, 2020–2027 (USD MILLION)    101
TABLE 56    CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY CRYOGEN, 2016–2019 (USD MILLION)    101
TABLE 57    CRYOGENIC EQUIPMENT MARKET FOR METALLURGY, BY CRYOGEN, 2020–2027 (USD MILLION)    102
8.3    ENERGY & POWER    102
8.3.1    EXPANDING LNG MARKET TO AUGMENT DEMAND FOR CRYOGENIC EQUIPMENT    102
TABLE 58    CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)    103
TABLE 59    CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY REGION, 2020–2027 (USD MILLION)    103
TABLE 60    CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY CRYOGEN, 2016–2019 (USD MILLION)    103
TABLE 61    CRYOGENIC EQUIPMENT MARKET FOR ENERGY & POWER, BY CRYOGEN, 2020–2027 (USD MILLION)    104
8.4    CHEMICAL    104
8.4.1    CHEMICAL INDUSTRY’S TRANSITION TOWARDS SUSTAINABILITY AND DECARBONIZATION GOALS TO FUEL MARKET GROWTH    104
TABLE 62    CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)    105
TABLE 63    CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY REGION, 2020–2027 (USD MILLION)    105
TABLE 64    CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY CRYOGEN, 2016–2019 (USD MILLION)    105
TABLE 65    CRYOGENIC EQUIPMENT MARKET FOR CHEMICAL, BY CRYOGEN, 2020–2027 (USD MILLION)    106
8.5    ELECTRONICS    106
8.5.1    GROWTH IN SEMICONDUCTORS AND CONSUMER ELECTRONICS SECTORS TO DRIVE MARKET    106
TABLE 66    CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY REGION, 2016–2019 (USD MILLION)    107
TABLE 67    CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY REGION, 2020–2027 (USD MILLION)    107
TABLE 68    CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY CRYOGEN, 2016–2019 (USD MILLION)    107
TABLE 69    CRYOGENIC EQUIPMENT MARKET FOR ELECTRONICS, BY CRYOGEN, 2020–2027 (USD MILLION)    108
8.6    TRANSPORTATION    108
8.6.1    DEVELOPMENTS PERTAINING TO FUEL CELL ELECTRIC VEHICLES TO PROVIDE LUCRATIVE MARKET GROWTH OPPORTUNITIES    108
TABLE 70    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY TYPE, 2016–2019 (USD MILLION)    109
TABLE 71    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY TYPE, 2020–2027 (USD MILLION)    109
TABLE 72    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY REGION, 2016–2019 (USD MILLION)    109
TABLE 73    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY REGION, 2020–2027 (USD MILLION)    110
TABLE 74    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY CRYOGEN, 2016–2019 (USD MILLION)    110
TABLE 75    CRYOGENIC EQUIPMENT MARKET FOR TRANSPORTATION, BY CRYOGEN, 2020–2027 (USD MILLION)    110
8.7    OTHER END USE INDUSTRIES    111
8.7.1    TECHNOLOGICAL ADVANCEMENTS COMPLEMENTED BY RESEARCH IN HEALTHCARE, AEROSPACE, AND F&B INDUSTRIES TO DRIVE MARKET    111
TABLE 76    CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES, BY REGION, 2016–2019 (USD MILLION)    112
TABLE 77    CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES , BY REGION, 2020–2027 (USD MILLION)    112
TABLE 78    CRYOGENIC EQUIPMENT MARKET FOR OTHER END-USE INDUSTRIES, BY CRYOGEN, 2016–2019 (USD MILLION)    112
TABLE 79    CRYOGENIC EQUIPMENT MARKET FOR OTHER END USE INDUSTRIES, BY CRYOGEN, 2020–2027 (USD MILLION)    113
9    CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE    114
9.1    INTRODUCTION    115
FIGURE 37    CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2021    115
TABLE 80    CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    115

9.2    STORAGE SYSTEM    116
9.2.1    DEVELOPMENT IN CRYOGENIC ENERGY STORAGE (CES) SYSTEMS TO PROVIDE LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET    116
TABLE 81    CRYOGENIC EQUIPMENT MARKET FOR STORAGE SYSTEM, BY REGION, 2020–2027 (USD MILLION)    116
9.3    HANDLING SYSTEM    117
9.3.1    DEVELOPMENT OF INTEGRATED SMART CRYOGENIC VALVES BY MARKET PLAYERS EXPECTED TO PROPEL MARKET GROWTH    117
TABLE 82    CRYOGENIC EQUIPMENT MARKET FOR HANDLING SYSTEM, BY REGION, 2020–2027 (USD MILLION)    117
9.4    SUPPLY SYSTEM    118
9.4.1    GOVERNMENT INVESTMENTS IN GAS GENERATION AND ASSOCIATED LNG INFRASTRUCTURE TO DRIVE MARKET    118
TABLE 83    CRYOGENIC EQUIPMENT MARKET FOR SUPPLY SYSTEM, BY REGION, 2020–2027 (USD MILLION)    118
9.5    OTHERS    119
TABLE 84    CRYOGENIC EQUIPMENT MARKET FOR OTHERS, BY REGION, 2020–2027 (USD MILLION)    119
10    GEOGRAPHIC ANALYSIS    120
10.1    INTRODUCTION    121
FIGURE 38    REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    121
FIGURE 39    CRYOGENIC EQUIPMENT MARKET SHARE (VALUE), BY REGION, 2021    122
TABLE 85    CRYOGENIC EQUIPMENT MARKET, BY REGION, 2016–2019 (USD MILLION)    122
TABLE 86    CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2027 (USD MILLION)    122
10.2    ASIA PACIFIC    123
FIGURE 40    SNAPSHOT: CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC    124
10.2.1    BY EQUIPMENT    124
TABLE 87    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2016–2019 (USD MILLION)    124
TABLE 88    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2020–2027 (USD MILLION)    125
10.2.2    BY CRYOGEN    125
TABLE 89    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY CRYOGEN, 2016–2019 (USD MILLION)    125
TABLE 90    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY CRYOGEN, 2020–2027 (USD MILLION)    125
10.2.3    BY END USER    126
TABLE 91    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER, 2016–2019 (USD MILLION)    126
TABLE 92    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION)    126
10.2.4    BY SYSTEM TYPE    126
TABLE 93    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    126

10.2.5    BY COUNTRY    127
TABLE 94    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY COUNTRY, 2016–2019 (USD MILLION)    127
TABLE 95    CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2027 (USD MILLION)    127
10.2.5.1    China    127
10.2.5.1.1    LNG infrastructure projects to offer lucrative growth opportunities for cryogenic equipment market in China    127
TABLE 96    CRYOGENIC EQUIPMENT MARKET IN CHINA, BY END USER, 2016–2019 (USD MILLION)    128
TABLE 97    CRYOGENIC EQUIPMENT MARKET IN CHINA, BY END USER, 2020–2027 (USD MILLION)    128
10.2.5.2    India    129
10.2.5.2.1    Investments in space missions are likely to support cryogenic equipment market growth in India    129
TABLE 98    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY EQUIPMENT, 2016–2019 (USD MILLION)    129
TABLE 99    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY EQUIPMENT, 2020–2027 (USD MILLION)    130
TABLE 100    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY CRYOGEN, 2016–2019 (USD MILLION)    130
TABLE 101    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY CRYOGEN, 2020–2027 (USD MILLION)    130
TABLE 102    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY END USER, 2016–2019 (USD MILLION)    131
TABLE 103    CRYOGENIC EQUIPMENT MARKET IN INDIA, BY END USER, 2020–2027 (USD MILLION)    131
10.2.5.3    Australia    131
10.2.5.3.1    Increasing government investments in energy & power and metallurgy industries to drive demand for cryogenic equipment in Australia    131
TABLE 104    CRYOGENIC EQUIPMENT MARKET IN AUSTRALIA, BY END USER, 2016–2019 (USD MILLION)    132
TABLE 105    CRYOGENIC EQUIPMENT MARKET IN AUSTRALIA, BY END USER, 2020–2027 (USD MILLION)    132
10.2.5.4    Japan    133
10.2.5.4.1    Import and utilization of LNG to drive market for cryogenic equipment in Japan    133
TABLE 106    CRYOGENIC EQUIPMENT MARKET IN JAPAN, BY END USER, 2016–2019 (USD MILLION)    133
TABLE 107    CRYOGENIC EQUIPMENT MARKET IN JAPAN, BY END USER, 2020–2027 (USD MILLION)    133
10.2.5.5    Malaysia    134
10.2.5.5.1    Upstream natural gas production activities is expected to drive market growth in Malaysia    134
TABLE 108    CRYOGENIC EQUIPMENT MARKET IN MALAYSIA, BY END USER, 2016–2019 (USD MILLION)    134
TABLE 109    CRYOGENIC EQUIPMENT MARKET IN MALAYSIA, BY END USER, 2020–2027 (USD MILLION)    135
10.2.5.6    Rest of Asia Pacific    135
TABLE 110    CRYOGENIC EQUIPMENT MARKET IN REST OF ASIA PACIFIC, BY END USER, 2016–2019 (USD MILLION)    135
TABLE 111    CRYOGENIC EQUIPMENT MARKET IN REST OF ASIA PACIFIC, BY END USER, 2020–2027 (USD MILLION)    136
10.3    EUROPE    136
FIGURE 41    SNAPSHOT: CRYOGENIC EQUIPMENT MARKET IN EUROPE    137
10.3.1    BY EQUIPMENT    137
TABLE 112    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY EQUIPMENT, 2016–2019 (USD MILLION)    137
TABLE 113    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY EQUIPMENT, 2020–2027 (USD MILLION)    138
10.3.2    BY CRYOGEN    138
TABLE 114    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY CRYOGEN, 2016–2019 (USD MILLION)    138
TABLE 115    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY CRYOGEN, 2020–2027 (USD MILLION)    138
10.3.3    BY END USER    139
TABLE 116    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY END USER, 2016–2019 (USD MILLION)    139
TABLE 117    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY END USER, 2020–2027 (USD MILLION)    139
10.3.4    BY SYSTEM TYPE    139
TABLE 118    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    139
10.3.5    BY COUNTRY    140
TABLE 119    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)    140
TABLE 120    CRYOGENIC EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2020–2027 (USD MILLION)    140
10.3.5.1    Russia    140
10.3.5.1.1    LNG and gas production infrastructure projects to fuel growth of cryogenic equipment market in Russia    140
TABLE 121    CRYOGENIC EQUIPMENT MARKET IN RUSSIA, BY END USER, 2016–2019 (USD MILLION)    141
TABLE 122    CRYOGENIC EQUIPMENT MARKET IN RUSSIA, BY END USER, 2020–2027 (USD MILLION)    141
10.3.5.2    UK    142
10.3.5.2.1    Investments in hydrogen-based technologies to fuel demand for cryogenic equipment in UK    142
TABLE 123    CRYOGENIC EQUIPMENT MARKET IN UK, BY END USER, 2016–2019 (USD MILLION)    142
TABLE 124    CRYOGENIC EQUIPMENT MARKET IN UK, BY END USER, 2020–2027 (USD MILLION)    142
10.3.5.3    Germany    143
10.3.5.3.1    Increasing government investments in energy & power and chemical industries to foster cryogenic equipment market growth in Germany    143
TABLE 125    CRYOGENIC EQUIPMENT MARKET IN GERMANY, BY END USER, 2016–2019 (USD MILLION)    143
TABLE 126    CRYOGENIC EQUIPMENT MARKET IN GERMANY, BY END USER, 2020–2027 (USD MILLION)    144
10.3.5.4    France    144
10.3.5.4.1    France’s commitment towards net zero emission to boost market growth    144
TABLE 127    CRYOGENIC EQUIPMENT MARKET IN FRANCE, BY END USER, 2016–2019 (USD MILLION)    144
TABLE 128    CRYOGENIC EQUIPMENT MARKET IN FRANCE, BY END USER, 2020–2027 (USD MILLION)    145
10.3.5.5    Rest of Europe    145
TABLE 129    CRYOGENIC EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2016–2019 (USD MILLION)    145
TABLE 130    CRYOGENIC EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2020–2027 (USD MILLION)    146
10.4    NORTH AMERICA    146
10.4.1    BY EQUIPMENT    146
TABLE 131    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY EQUIPMENT, 2016–2019 (USD MILLION)    146
TABLE 132    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY EQUIPMENT, 2020–2027 (USD MILLION)    147
10.4.2    BY CRYOGEN    147
TABLE 133    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY CRYOGEN, 2016–2019 (USD MILLION)    147
TABLE 134    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY CRYOGEN, 2020–2027 (USD MILLION)    148
10.4.3    BY END USER    148
TABLE 135    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2016–2019 (USD MILLION)    148
TABLE 136    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2020–2027 (USD MILLION)    149
10.4.4    BY SYSTEM TYPE    149
TABLE 137    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    149
10.4.5    BY COUNTRY    149
TABLE 138    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)    149
TABLE 139    CRYOGENIC EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)    150
10.4.5.1    US    150
10.4.5.1.1    Increase in natural gas generation and exports to fuel market growth in US    150
TABLE 140    CRYOGENIC EQUIPMENT MARKET IN US, BY END USER, 2016–2019 (USD MILLION)    150
TABLE 141    CRYOGENIC EQUIPMENT MARKET IN US, BY END USER, 2020–2027 (USD MILLION)    151

10.4.5.2    Canada    151
10.4.5.2.1    Export of LNG to fuel cryogenic equipment market growth in Canada    151
TABLE 142    CRYOGENIC EQUIPMENT MARKET IN CANADA, BY END USER, 2016–2019 (USD MILLION)    152
TABLE 143    CRYOGENIC EQUIPMENT MARKET IN CANADA, BY END USER, 2020–2027 (USD MILLION)    152
10.4.5.3    Mexico    152
10.4.5.3.1    Shale reservoirs development creates opportunities for cryogenic equipment market in Mexico    152
TABLE 144    CRYOGENIC EQUIPMENT MARKET IN MEXICO, BY END USER, 2016–2019 (USD MILLION)    153
TABLE 145    CRYOGENIC EQUIPMENT MARKET IN MEXICO, BY END USER, 2020–2027 (USD MILLION)    153
10.5    MIDDLE EAST    153
10.5.1    BY EQUIPMENT    154
TABLE 146    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY EQUIPMENT, 2016–2019 (USD MILLION)    154
TABLE 147    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY EQUIPMENT, 2020–2027 (USD MILLION)    154
10.5.2    BY CRYOGEN    155
TABLE 148    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY CRYOGEN, 2016–2019 (USD MILLION)    155
TABLE 149    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY CRYOGEN, 2020–2027 (USD MILLION)    155
10.5.3    BY END USER    156
TABLE 150    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2016–2019 (USD MILLION)    156
TABLE 151    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2020–2027 (USD MILLION)    156
10.5.4    BY SYSTEM TYPE    157
TABLE 152    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    157
10.5.5    BY COUNTRY    157
TABLE 153    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY COUNTRY, 2016–2019 (USD MILLION)    157
TABLE 154    CRYOGENIC EQUIPMENT MARKET IN MIDDLE EAST, BY COUNTRY, 2020–2027 (USD MILLION)    157
10.5.5.1    Saudi Arabia    158
10.5.5.1.1    Initiation of LNG projects to favor cryogenic equipment market growth in Saudi Arabia    158
TABLE 155    CRYOGENIC EQUIPMENT MARKET IN SAUDI ARABIA, BY END USER, 2016–2019 (USD MILLION)    158
TABLE 156    CRYOGENIC EQUIPMENT MARKET IN SAUDI ARABIA, BY END USER, 2020–2027 (USD MILLION)    159
10.5.5.2    UAE    159
10.5.5.2.1    Growing energy & power sector in UAE to underpin cryogenic equipment market growth    159
TABLE 157    CRYOGENIC EQUIPMENT MARKET IN UAE, BY END USER, 2016–2019 (USD MILLION)    160
TABLE 158    CRYOGENIC EQUIPMENT MARKET IN UAE, BY END USER, 2020–2027 (USD MILLION)    160
10.5.5.3    QATAR    160
10.5.5.3.1    Increasing construction activities to propel cryogenic equipment market in Qatar    160
TABLE 159    CRYOGENIC EQUIPMENT MARKET IN QATAR, BY END USER, 2016–2019 (USD MILLION)    161
TABLE 160    CRYOGENIC EQUIPMENT MARKET IN QATAR, BY END USER, 2020–2027 (USD MILLION)    161
10.5.5.4    Rest of Middle East    162
TABLE 161    CRYOGENIC EQUIPMENT MARKET IN REST OF MIDDLE EAST, BY END USER, 2016–2019 (USD MILLION)    162
TABLE 162    CRYOGENIC EQUIPMENT MARKET IN REST OF MIDDLE EAST, BY END USER, 2020–2027 (USD MILLION)    163
10.6    AFRICA    163
10.6.1    BY EQUIPMENT    164
TABLE 163    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY EQUIPMENT, 2016–2019 (USD MILLION)    164
TABLE 164    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY EQUIPMENT, 2020–2027 (USD MILLION)    164
10.6.2    BY CRYOGEN    164
TABLE 165    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY CRYOGEN, 2016–2019 (USD MILLION)    164
TABLE 166    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY CRYOGEN, 2020–2027 (USD MILLION)    165
10.6.3    BY END USER    165
TABLE 167    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY END USER, 2016–2019 (USD MILLION)    165
TABLE 168    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY END USER, 2020–2027 (USD MILLION)    165
10.6.4    BY SYSTEM TYPE    166
TABLE 169    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    166
10.6.5    BY COUNTRY    166
TABLE 170    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY COUNTRY, 2016–2019 (USD MILLION)    166
TABLE 171    CRYOGENIC EQUIPMENT MARKET IN AFRICA, BY COUNTRY, 2020–2027 (USD MILLION)    166
10.6.5.1    South Africa    167
10.6.5.1.1    Industrial growth in South Africa is expected to drive cryogenic equipment market    167
TABLE 172    CRYOGENIC EQUIPMENT MARKET IN SOUTH AFRICA, BY END USER, 2016–2019 (USD MILLION)    167
TABLE 173    CRYOGENIC EQUIPMENT MARKET IN SOUTH AFRICA, BY END USER, 2020–2027 (USD MILLION)    167

10.6.5.2    Nigeria    168
10.6.5.2.1    Increasing demand for LNG and nitrogen in oil & gas and shipping industries in Nigeria is favoring market    168
TABLE 174    CRYOGENIC EQUIPMENT MARKET IN NIGERIA, BY END USER, 2016–2019 (USD MILLION)    168
TABLE 175    CRYOGENIC EQUIPMENT MARKET IN NIGERIA, BY END USER, 2020–2027 (USD MILLION)    168
10.6.5.3    Algeria    169
10.6.5.3.1    Upcoming offshore projects are likely to drive demand for cryogenic equipment in Algeria    169
TABLE 176    CRYOGENIC EQUIPMENT MARKET IN ALGERIA, BY END USER, 2016–2019 (USD MILLION)    169
TABLE 177    CRYOGENIC EQUIPMENT MARKET IN ALGERIA, BY END USER, 2020–2027 (USD MILLION)    169
10.6.5.4    Rest of Africa    170
TABLE 178    CRYOGENIC EQUIPMENT MARKET IN REST OF AFRICA, BY END USER, 2016–2019 (USD MILLION)    170
TABLE 179    CRYOGENIC EQUIPMENT MARKET IN REST OF AFRICA, BY END USER, 2020–2027 (USD MILLION)    170
10.7    SOUTH AMERICA    171
10.7.1    BY EQUIPMENT    171
TABLE 180    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2016–2019 (USD MILLION)    171
TABLE 181    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2020–2027 (USD MILLION)    171
10.7.2    BY CRYOGEN    172
TABLE 182    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY CRYOGEN, 2016–2019 (USD MILLION)    172
TABLE 183    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY CRYOGEN, 2020–2027 (USD MILLION)    172
10.7.3    BY END USER    173
TABLE 184    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2016–2019 (USD MILLION)    173
TABLE 185    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2020–2027 (USD MILLION)    173
10.7.4    BY SYSTEM TYPE    174
TABLE 186    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2020–2027 (USD MILLION)    174
10.7.5    BY COUNTRY    174
TABLE 187    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)    174
TABLE 188    CRYOGENIC EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2027 (USD MILLION)    174
10.7.5.1    Brazil    175
10.7.5.1.1    Oil & gas industry in Brazil is expected to drive cryogenic equipment market    175
TABLE 189    CRYOGENIC EQUIPMENT MARKET IN BRAZIL, BY END USER, 2016–2019 (USD MILLION)    175
TABLE 190    CRYOGENIC EQUIPMENT MARKET IN BRAZIL, BY END USER, 2020–2027 (USD MILLION)    175
10.7.5.2    Argentina    176
10.7.5.2.1    Reviving oil & gas sector in Argentina is likely to bring opportunities for cryogenic equipment market    176
TABLE 191    CRYOGENIC EQUIPMENT MARKET IN ARGENTINA, BY END USER, 2016–2019 (USD MILLION)    176
TABLE 192    CRYOGENIC EQUIPMENT MARKET IN ARGENTINA, BY END USER, 2020–2027 (USD MILLION)    176
10.7.5.3    Venezuela    177
10.7.5.3.1    Low industrial growth and recession in Venezuela are affecting cryogenic equipment market    177
TABLE 193    CRYOGENIC EQUIPMENT MARKET IN VENEZUELA, BY END USER, 2016–2019 (USD MILLION)    177
TABLE 194    CRYOGENIC EQUIPMENT MARKET IN VENEZUELA, BY END USER, 2020–2027 (USD MILLION)    178
10.7.5.4    Rest of South America    178
TABLE 195    CRYOGENIC EQUIPMENT MARKET IN REST OF SOUTH AMERICA, BY END USER, 2016–2019 (USD MILLION)    179
TABLE 196    CRYOGENIC EQUIPMENT MARKET IN REST OF SOUTH AMERICA, BY END USER, 2020–2027 (USD MILLION)    179
11    COMPETITIVE LANDSCAPE    180
11.1    OVERVIEW    180
FIGURE 42    KEY DEVELOPMENTS IN CRYOGENIC EQUIPMENT MARKET, 2018–2022    180
11.2    MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021    181
TABLE 197    CRYOGENIC EQUIPMENT MARKET: DEGREE OF COMPETITION    181
FIGURE 43    SHARE ANALYSIS OF TOP PLAYERS IN CRYOGENIC EQUIPMENT MARKET, 2021    181
11.3    MARKET EVALUATION FRAMEWORK    182
TABLE 198    MARKET EVALUATION FRAMEWORK, 2018–2021    182
11.4    SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS    183
FIGURE 44    SEGMENTAL REVENUE ANALYSIS, 2018–2021    183
11.5    RECENT DEVELOPMENTS    184
11.5.1    DEALS    184
TABLE 199    CRYOGENIC EQUIPMENT MARKET: DEALS, 2018–2022    184
11.5.2    OTHERS    185
TABLE 200    CRYOGENIC EQUIPMENT MARKET: OTHERS, 2018–2022    185
11.6    COMPETITIVE LEADERSHIP MAPPING    185
11.6.1    STAR    185
11.6.2    EMERGING LEADER    185
11.6.3    PERVASIVE    186
11.6.4    PARTICIPANT    186
FIGURE 45    CRYOGENIC EQUIPMENT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021    186
TABLE 201    COMPANY EQUIPMENT FOOTPRINT    187
TABLE 202    COMPANY END USER FOOTPRINT    188
TABLE 203    COMPANY REGION FOOTPRINT    189"
"12    COMPANY PROFILES    190
12.1    KEY COMPANIES    190
(Business Overview, Products offered, Recent Developments, MnM View)*
12.1.1    LINDE PLC    190
TABLE 204    LINDE PLC: BUSINESS OVERVIEW    190
FIGURE 46    LINDE PLC: COMPANY SNAPSHOT    191
TABLE 205    LINDE PLC: DEALS    192
TABLE 206    LINDE PLC: OTHERS    193
12.1.2    CHART INDUSTRIES    195
TABLE 207    CHART INDUSTRIES: BUSINESS OVERVIEW    195
FIGURE 47    CHART INDUSTRIES: COMPANY SNAPSHOT    196
TABLE 208    CHART INDUSTRIES: PRODUCTS OFFERED    196
TABLE 209    CHART INDUSTRIES: DEALS    199
12.1.3    PARKER HANNIFIN CORP    201
TABLE 210    PARKER HANNIFIN CORP: BUSINESS OVERVIEW    201
FIGURE 48    PARKER HANNIFIN CORP: COMPANY SNAPSHOT    202
12.1.4    AIR PRODUCTS INC.    204
TABLE 211    AIR PRODUCTS INC.: BUSINESS OVERVIEW    204
FIGURE 49    AIR PRODUCTS INC.: COMPANY SNAPSHOT    205
TABLE 212    AIR PRODUCTS INC: DEALS    206
12.1.5    AIR LIQUIDE    208
TABLE 213    AIR LIQUIDE: BUSINESS OVERVIEW    208
FIGURE 50    AIR LIQUIDE: COMPANY SNAPSHOT    209
TABLE 214    AIR LIQUIDE: DEALS    210
TABLE 215    AIR LIQUIDE: OTHERS    210
12.1.6    TAYLOR-WHARTON    211
TABLE 216    TAYLOR-WHARTON: BUSINESS OVERVIEW    211
12.1.7    WESSINGTON CRYOGENICS    213
TABLE 217    WESSINGTON CRYOGENICS: BUSINESS OVERVIEW    213
12.1.8    EMERSON ELECTRIC CO.    216
TABLE 218    EMERSON ELECTRIC CO.: BUSINESS OVERVIEW    216
FIGURE 51    EMERSON ELECTRIC CO.: COMPANY SNAPSHOT    217
TABLE 219    EMERSON ELECTRIC CO.: DEALS    218
12.1.9    SULZER LTD    219
TABLE 220    SULZER LTD: BUSINESS OVERVIEW    219
FIGURE 52    SULZER LTD: COMPANY SNAPSHOT    220
TABLE 221    SULZER LTD: PRODUCTS OFFERED    220

12.1.10    FLOWSERVE CORPORATION    221
TABLE 222    FLOWSERVE CORPORATION: BUSINESS OVERVIEW    221
FIGURE 53    FLOWSERVE CORPORATION: COMPANY SNAPSHOT    222
12.1.11    PHPK TECHNOLOGIES    224
TABLE 223    PHPK TECHNOLOGIES: BUSINESS OVERVIEW    224
12.1.12    INOX INDIA PVT LTD    226
TABLE 224    INOX INDIA PVT LTD: BUSINESS OVERVIEW    226
TABLE 225    INOX INDIA PVT LTD: DEALS    227
TABLE 226    INOX INDIA PVT LTD: OTHERS    227
12.1.13    ACME CRYO    228
TABLE 227    ACME CRYO: BUSINESS OVERVIEW    228
TABLE 228    ACME CRYO: DEALS    229
12.1.14    SHI CRYOGENICS GROUP    230
TABLE 229    SHI CRYOGENICS GROUP: BUSINESS OVERVIEW    230
TABLE 230    SHI CRYOGENICS GROUP: DEALS    231
12.1.15    NIKKISO    232
TABLE 231    NIKKISO: BUSINESS OVERVIEW    232
FIGURE 54    NIKKISO: COMPANY SNAPSHOT    233
12.2    OTHER PLAYERS    235
12.2.1    FIVES SAS    235
12.2.2    CRYOFAB    236
12.2.3    HEROSE GMBH    237
12.2.4    CRYOSTAR    237
12.2.5    SHELL-N-TUBE    238
*Details on Business Overview, Products offered, Recent Developments, might not be captured in case of unlisted companies.
13    APPENDIX    239
13.1    INSIGHTS OF INDUSTRY EXPERTS    239
13.2    DISCUSSION GUIDE    240
13.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    244
13.4    AVAILABLE CUSTOMIZATIONS    246
13.5    RELATED REPORTS    246
13.6    AUTHOR DETAILS    247"