Cryogenic Equipment Market Size to Reach $17.1 Billion by 2025 - Increasing Investments in Cryogenic Infrastructure Increase Uptake | Aug 18, 2021 - ReleaseWire - 0 views
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Almira Coyne on 20 Aug 21The 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.