Cryogenic Equipment Market to value USD 27 billion by 2030, Says Global Market Insights Inc. – QNT Press Release

Major cryogenic equipment market participants include Emerson Electric, IWI Cryogenic Vaporization Systems (India), Cryogas Equipment, Cryogenic Liquide, Super Cryogenic Systems, Oswal Industries Limited, Flowserve Corporation, sinocleansky, Cryofab, Wessington Cryogenics, and some others.

SELBYVILLE, Del., June 14, 2022 /PRNewswire/ — Cryogenic Equipment Market is anticipated to surpass USD 27 billion by 2030, according to latest research study by Global Market Insights Inc. Improvements in safety & reliability and reduction in maintenance costs is likely to fuel the industry demand.

The market will witness potential growth on account of establishment of regasification units, replacement of existing heavy fuel oil (HFO) plant to process on natural gas along with installation of latest gas power plant. Growing LNG imports in the SAARC region to eliminate the rising energy concerns will further accelerate the market growth.

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The valves segment is anticipated to reach around USD 3 billion by 2030. Ongoing advancements in technologies to accomplish complete zero-leakage shutoff together with an increase in disposable income has stimulated major players to invest in product development. The growing manufacturing sector favored by continuous investments in the existing bases across Indonesia

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