Cryocooler Market Research Report Analysis
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
o
Compressors
o
Cold
heads
o
Heat
dissipation pipes
o
Power
conditioning units
o
Others
·
Services
o
Technical
support services
o
Product
repairs & refurbishment services
o
Preventive maintenance services
o
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
o
Ir
sensors for missile guidance
o
Ir
sensors for satellite-based surveillance
·
Medical
o
Cooling
superconducting magnets for MRI systems
o
Liquefaction of oxygen for storage
o
Cryosurgery
·
Commercial
o
Semiconductor fabrication
o
High-temperature superconductors for
cell-phone base stations
o
Ir sensors
for nde and process monitoring
·
Environmental
o
Ir
sensors for atmospheric studies on ozone hole and green house effects
o
Ir
sensors for pollution monitoring
·
Energy
o
Ir
sensors for thermal loss measurements
o
Superconducting magnetic energy storage for peak
shaving
·
Transport
o
Superconducting magnets in maglev trains
o
Lng for
fleet vehicles
·
Research and Development
o
Nuclear
Magnetic Resonance (NMR)
o
Electron
Paramagnetic Resonance (EPR)
·
Space
o
Space
Astronomy
o
Planetary
Science
·
Agriculture & Biology
o
Storage
of biological cells and specimens
·
Mining and Metal
o
Tempering
o
Shrink
Fitting
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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