Cryocooler Market to Reach $2.99 Billion by 2022 - Driven by Growing Medical & Healthcare Services in Developing Economies - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Cryocooler Market - Global Forecast to 2022" report to their offering.

The cryocooler market is projected to reach USD 2.99 billion by 2022, at a CAGR of 7.00% between 2017 and 2022. This market is mainly driven by the growing medical & healthcare services in developing economies and the shortage of helium gas over the last couple of years. Other factors such as the increasing production of liquefied natural gas and high adoption of cryocoolers in the semiconductor industry have further contributed to the overall market growth. The major restraining factor for this market is the input power consumption of the cryocoolers.

In space applications, cryocoolers are used for cooling down the infrared sensors for various astronomical studies on space astronomy and planetary science, among others. The major factors contributing to the growth of this market include the high adoption of cryocoolers due to their small size and high-speed turbo-machines that use gas bearings to provide reliable and vibration-free operations in space.

GM cryocoolers are one of the most popular types of cryocoolers used in various applications due to their simple structure and high reliability. The major factors contributing to the growth of this market include the wide applications of GM cryocoolers in MRI systems used in the medical sector and cooling down the IR sensors for missile guidance in the military sector. The Americas region is likely to hold the largest size of the market for GM cryocoolers by 2022.

Companies Mentioned

  • Advanced Research Systems Inc.
  • Aim Infrarot-Module GmbH
  • Air Liquide S.A.
  • Brooks Automation Inc.
  • Chart Industries Inc.
  • Creare LLC
  • Cryomech Inc.
  • Dh Industries Bv
  • Fabrum Solutions Limited
  • Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Hardware and Service

8 Market, By Type

9 Market, By Heat Exchanger Type

10 Market, By Application

11 Market, By Geography

12 Competitive Landscape

13 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/zfsp76/cryocooler_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Heat Exchangers and Cooling Towers, Laboratory Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Heat Exchangers and Cooling Towers, Laboratory Equipment