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Research And Markets Announces The Release Of 'Cryogenic Equipment Market, By Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) - Global Trends & Forecasts Up To 2017'
March 26, 2013 /PRNewswire/ --
Research and Markets (
http://www.researchandmarkets.com/research/2gwrzz/cryogenic) has announced the addition of the "Cryogenic Equipment Market, by Industry Application, Cryogenic (Low Temperature) Liquid, & Product Type (Tank, Valve, Vaporizer & Pump) - Global Trends & Forecasts up to 2017" report to their offering.
Cryogenic equipments are specially made equipments to handle liquefied gases. Liquefied gases are kept at very low temperature to maintain them in liquid state. The temperature required is below -150°C and known as cryogenic temperature. Due to the very low temperature these liquefied gases cannot be managed using normal equipments and thus require specially made equipments, known as cryogenic equipments. The mostly used cryogenic equipments are tanks, valves, vaporizers, and pumps.
The global market size of cryogenic equipment is estimated to be
$11 billion in 2011. Cryogenic tank has the largest market and majority of cryogenic equipment market revenue come from those tanks. After tanks, valves are the second largest revenue contributor in cryogenic market followed by vaporizers and then pumps. This report estimates market revenue for each cryogenic equipment and break each product market by geography as well as industrial applications. For cryogenic tank, the market size estimations have also been provided in capacity i.e. cubic meter.
This report covers all major regions i.e.
North America and Rest of the World (ROW). At country level,
China, U.S. and U.K. have also been covered.
Asia-Pacific is identified as the largest market as well as the highest growing in next five years among all regional markets. Globally,
China is also the largest country level market and thus its growth significantly affects the global market.
Key Topics Covered: