Cryogenic Equipment Market Is Projected to Reach $17.1 Billion by 2025 | Apr 8, 2020 - ... - 0 views
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Almira Coyne on 09 Apr 20Northrook, IL -- (SBWIRE) -- 04/08/2020 -- According to the new market research report "Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region - Global forecast to 2025" the Cryogenic Equipment Market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Increasing demand for industrial gases and investments in LNG infrastructure is driving the Cryogenic Equipment Market. Moreover, the increasing demand for industrial gases from cryogenic energy storage and cryoelectronics manufacturing is likely to bring opportunities for the Cryogenic Equipment Market.