Cryogenic Equipment Market Worth $17.4 Billion by 2027 | Apr 19, 2022 - ReleaseWire - 0 views
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Almira Coyne on 22 Apr 22According to the new market research report "Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region - Global forecast to 2027", published by MarketsandMarkets™, the global Cryogenic Equipment Market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for Cryogenic Equipment Market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic Equipment across entire LNG value chain.