Cryocooler Market to Hit 7.29% CAGR to 2022: Stirling Cryocoolers to Grow at Highest Rate

Press Release

The cryocooler market is expected to reach USD 2.94 billion by 2022, at a CAGR of 7.29% between 2016 and 2022. The major factors contributing to the growth of this market include the growing medical & healthcare services in developing economies and increasing production of the liquefied natural gas over the last couple of years.

Complete report on global cryocooler market spread across 152 pages, profiling 10 companies and supported with 70 tables and 94 figures is now available at .

The market for Stirling cryocoolers is expected to grow at the highest rate between 2016 and 2022 in the global cryocooler market. The major factors contributing to the growth of this market include growing adoption of these cryocoolers in a variety of applications such as space, military, medical, and commercial among others. The Stirling cryocoolers are small in size and offer higher efficiencies compared to the other cryocoolers.

The global cryocooler market in the Americas held the largest share in 2015;however, the market in APAC is expected to exhibit the highest growth rate during the forecast period. The major factors contributing to the growth of this market include the increasing adoption of wide range of cryocoolers in semiconductor fabrication, automotive industry, and space applications among others.

The prominent players profiled in this report such as Advanced Research Systems, Inc. (U.S.), Brooks Automation, Inc. (U.S.), Chart Industries, Inc. (U.S.), Cryomech, Inc. (U.S.), DH Industries BV (The Netherlands), Janis Research Company, LLC (U.S.), RICOR – Cryogenic & Vacuum Systems (Israel), Sumitomo Heavy Industries Ltd. (Japan), Sunpower, Inc. (U.S.) and Superconductor Technologies, Inc. (U.S.). Ask for a discount before order a copy of Cryocooler Market by Type (GM, PT, JT, Stirling, and Brayton Cryocoolers), Service (Technical Support, Product Repairs & Refurbishment, Preventive Maintenance, and Customer Training), Application, and Geography – Global Forecast to 2022 research report at .

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the market. The break-up of profiles of primary participants is given below:

• By Company Type: Tier 1%–25%, Tier 2%–35%, and Tier 3%–40%

• By Designation: C-Level – 35%, Director Level – 25%, Others – 40%

• By Region: North America – 43%, Europe – 29%, APAC – 14%, RoW – 14%

On a related note, another research on Compressor Control System Market Global Forecast to 2022 says, The global compressor control systems market was estimated to be worth USD 4.60 billion in 2015 and is expected to reach USD 6.39 billion by 2022, at a CAGR of 4.7% between 2016 and 2022. Applications in the fertilizers industry are to experience highest growth during the forecast period. Americas held the largest share of the compressor control systems market in 2015. Companies like General Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), Alstom (France), Mitsubishi Heavy Industries Ltd. (Japan), and ABB Limited (Switzerland). have been profiled in this 204 pages research report at .

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