Cryocooler Market:
As per the GMI Research’s latest analysis, Global Cryocooler Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the growing production of liquefied natural gas, the rising medical & healthcare services in developing countries, the increasing adoption of cryocooler in the semiconductor sector, and the limited shortage of helium gas.
Cryocooler Market’s leading Manufacturers:
- Chart Industries, Inc.
- Brooks Automation, Inc.
- Sumitomo Heavy Industries Ltd.
- Sunpower, Inc.
- Cryomech, Inc.
- Northrop Grumman Corporation
- Advanced Research Systems, Inc.
- Janis Research Company, LLC
- Ricor, Ltd.- Cryogenic & Vacuum System
- Superconductor Technologies Inc.
Cryocooler Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The growing production of liquefied natural gas, the rising medical & healthcare services in developing countries, the increasing adoption of cryocooler in the semiconductor sector, and the limited shortage of helium gas are the key factors contributing to the growth of the cryocooler market. The rising adoption of cryocooler in a wide range of sectors like medical, military, transportation, and energy is further stimulation the growth of the cryocooler market. According to the cryocooler market report, the high adoption of cooling IR sensors and superconducting applications, the strong demand for cryogenic refrigeration in various space applications, and the increasing innovation of cryocoolers for microsatellite military applications are some other factors propelling the growth of the market in the upcoming years. On the other hand, the factor adversely impacting the growth of the market include the increasing input power consumption of cryocooler.
Application Segment Drivers
On the basis of application, the military is projected to grow at a higher CAGR over the coming years due to the high adoption of cryocooler in cooling Infrared (IR) sensors, which are utilized in military applications as aids in cooling down the IR sensor to around 80 Kelvin. Moreover, the growing demand for missile detection and night vision surveillance from satellites has led to an upsurge in the adoption of cryocoolers in the military, which will further augment the market growth. In addition to this, cryocoolers are largely used in high-end systems & detectors, including missile warning systems, thermal weapon sights, scaled-downed payloads, which will bolster the growth of the market.
Cryocooler Market Segmentation:
Segmentation by Hardware and Service:
- Hardware
- Compressors
- Cold heads
- Heat dissipation pipes
- Power conditioning units
- Others
- Services
- Technical support services
- Product repairs & refurbishment services
- Preventive maintenance services
- Customer training services
Segmentation by Type:
- Gifford-McMahon cryocoolers
- Pulse-Tube cryocoolers
- Stirling cryocoolers
- Joule Thomson cryocoolers
- Brayton cryocoolers
Segmentation by Temperature Range:
- 1K–50K
- 50K–100K
- 100K–300K
- others
Segmentation by Heat Exchanger Type:
- Recuperative heat exchangers
- Regenerative heat exchangers
Segmentation by Application:
- Military
- Ir sensors for missile guidance
- Ir sensors for satellite-based surveillance
- Medical
- Cooling superconducting magnets for MRI systems
- Liquefaction of oxygen for storage
- Cryosurgery
- Commercial
- Semiconductor fabrication
- High-temperature superconductors for cell-phone base stations
- Ir sensors for nde and process monitoring
- Environmental
- Ir sensors for atmospheric studies on ozone hole and green house effects
- Ir sensors for pollution monitoring
- Energy
- Ir sensors for thermal loss measurements
- Superconducting magnetic energy storage for peak shaving
- Transport
- Superconducting magnets in maglev trains
- Lng for fleet vehicles
- Research and Development
- Nuclear Magnetic Resonance (NMR)
- Electron Paramagnetic Resonance (EPR)
- Space
- Space Astronomy
- Planetary Science
- Agriculture & Biology
- Storage of biological cells and specimens
- Mining and Metal
- Tempering
- Shrink Fitting
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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