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Cryocooler Market by Type (GM, PT, JT, Stirling, and Brayton Cryocoolers), Services (Technical Support, Repair, Preventive Maintenance), Heat Exchanger Type (Recuperative and Regenerative), Application, and Geography - Global Forecast to 2022

Cryocooler Market: Global Forecast until 2022

  • April 2017
  • 181 pages
  • ID: 3816724
In this report:
The U.K. accounted for the largest share of ##.##% of the cryocooler market in Europe in 2016 and is expected to grow at a CAGR of ##.##% between 2017 and 2022.
The cryocooler market for environmental applications in the Americas is expected to be valued at USD ##.## million by 2022, growing at a CAGR of ##.##%during the forecast period.


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"The overall cryocooler market is estimated to rise at a compound annual growth rate of ~7.0 percent during the forecast period"

The cryocooler market is estimated to grow ~$3.0B by 2022, at a compound annual growth rate of ~7.0 percent between 2017 and 2022. This sector is primarily driven by the increasing medical & healthcare services in developing economies and the shortage of helium gas over the last couple of years. Other Elements such as the growing production of liquefied natural gas and high adoption of cryocoolers in the semiconductor sector have further contributed to the global market rise. The main restraining factor for this industry is the input power consumption of the cryocoolers.

"The sector for space application is anticipated to grow at the maximal rate between 2017 and 2022"

In space applications, cryocoolers are used for cooling down the infrared sensors for several astronomical studies on space astronomy and planetary science, among others. The top factors providing to the increase of this market contain the high adoption of cryocoolers due to their small size and high-speed turbomachines that use gas bearings to offer reliable and vibration-free operations in space.

"GM cryocoolers held the biggest share of the cryocooler market in 2016"

GM cryocoolers are one of the most popular types of cryocoolers used in different applications due to their simple structure and high reliability. The key factors providing to the rise of this market contain the wide applications of GM cryocoolers in MRI systems used in the medical industry and cooling down the IR sensors for missile guidance in the military market. The Americas area is likely to hold the most important size of the market for GM cryocoolers by 2022.

"Asia-Pacific to be the quickest developing market for cryocooler during the estimate period"

The overall cryocooler market in the whole Americas held the biggest share in 2016; nevertheless, the industry in Asia-Pac is expected to display the maximum growth rate during the outlook period. The increase of this market is mainly driven by developing economies including China and India (IN). The investments in the healthcare and energy markets have grown considerably in the past few years, creating a significant demand for the cryogenic technology in this area. The main factors providing to the rise of this market contain the rising adoption of a wide range of cryocoolers for medical, commercial, and military applications.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people in the sector.

The distribution of profiles of primary members taking part is presented below:

- By Company Type: Tier 1%-55%, Tier 2%-20%, and 1/3 3%-25%

- By Designation: C-Level - 75.0 percent, Managers- 25.0 percent

- By area: North america (NA) - 40.0 percent, Europe - 30.0 percent, APAC - 20.0 percent, RoW - 10.0 percent

Segment Research

This business report includes the cryocooler market established on hardware & service, category, heat exchanger type, application, area. An in-depth study of the main industry actors has been done to furnish business insights into their business, products and services, and top strategies including new product launches, mergers & acquisitions, alliances, strategic agreements, and collaborations combined with the cryocooler market.

Main highlights

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the cryocooler market comprehensively and offers the closest approximations of the revenues for the global market and the sub-segments across several verticals and localities.

2. The market research would benefit partners to comprehend the increase of the market and offers info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to better find out their players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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