(MENAFN- EIN Presswire) Cryocooler Market
BROOKLYN, NEW YORK, UNITED STATES, April 11, 2023 /einpresswire.com / -- According to IMARC Group's latest report, titled“Cryocooler Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global cryocooler market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
A cryocooler is a mechanical refrigeration system designed for active cooling at extremely low temperatures. It circulates cryogenic fluids, such as helium, nitrogen, or hydrogen gas, in a thermodynamic cycle that absorbs ambient heat and radiates it at low temperatures. The process involves compressing the fluid at room temperature, precooling it in a heat exchanger, and then expanding it at extremely low temperatures. The low-pressure fluid passes through the heat exchanger again to precool the high-pressure fluid before entering the compressor intake, and the cycle is repeated. Currently, cryocoolers are available in various types, including pulse-tube, Brayton, Stirling, Gifford-Mahon, and Joule-Thomson variants.
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Cryocooler Market Trends:
The global cryocooler market is experiencing significant growth, primarily driven by the increasing need for efficient cooling systems in producing superconductors, magnets, and power systems. This is further supported by the widespread adoption of closed cycle cryocoolers to operate infrared (IR) sensors, detectors, thermal cameras, night vision systems, and commercial refrigerators. Moreover, the increasing product application in the healthcare sector to maintain low temperatures during surgical procedures and cellular telephone base stations are creating a positive outlook for the market. Furthermore, key market players are introducing new product variants that can withstand launch vibrations and long-term exposure to space radiation, which, in turn, is propelling the market growth.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
.Advanced Research Systems Inc.
.Air Liquide S.A.
.AMETEK Inc.
.Brooks Automation Inc.
.Chart Industries Inc.
.Cryomech Inc.
.Honeywell International Inc.
.Lake Shore Cryotronics Inc.
.Northrop Grumman Corporation
.RICOR Cryogenic & Vacuum Systems
.Sumitomo Heavy Industries Ltd.
.Superconductor Technologies Inc.
.Thales Group.
Key Market Segmentation:
The report has categorized the market based on type, heat exchanger type, operating cycle, temperature, application and region.
Breakup by Type:
.Pulse-Tube
.Gifford-McMahon
.Joule-Thomson
.Brayton
.Stirling
Breakup by Heat Exchanger Type:
.Recuperative Heat Exchangers
.Regenerative Heat Exchangers
Breakup by Operating Cycle:
.Open-Loop Cycle
.Closed-Loop Cycle
Breakup by Temperature:
.1K-5K
.1K-10K
.1K-50K
.1K-100K
.1K-300K
Breakup by Application:
.Space
.Healthcare
.Military and Defense
.Others
Breakup by Region:
.North America (United States, Canada)
.Europe (Germany, France, United Kingdom, Italy, Spain, Others)
.Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
.Latin America (Brazil, Mexico, Others)
.Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of The Report:
.Market Performance (2017-2022)
.Market Outlook (2023-2028)
.Market Trends
.Market Drivers and Success Factors
.Impact of COVID-19
.Value Chain Analysis
.Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
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