This market research report presents a comprehensive analysis of the global cryocooler market by type (Gifford-McMahon, pulse tube, stirling, and other cryocoolers) and by geography (the Americas, APAC, and EMEA). Additionally, the report also provides an analysis of the market’s growth based on its application in the aerospace and defense, energy, metallurgy, semiconductor, and healthcare industry segments.
Overview of the cryocooler market
Technavio’s research and analysis on the cryocooler market report suggest that the scarcity or rapid shortage of helium gas will be one of the key factors impelling the market’s growth in the forthcoming years. With the increased use of Helium gas in airships, MRI scanners, and other end-user industries owing to its non-flammable, odorless, colorless, and non-toxic properties, the scare resource has been depleting at a comparatively higher rate. Moreover, owing to several unfavorable regulations pertaining to the use of helium gas, there is a constant depletion of the expensive non-renewable helium gas. Consequently, companies such as Janis Research Company have developed a cryocooler equipment, named 4K cryocooler which requires a minimal amount of the expensive helium gas for refrigeration. Such developments have led to a rise in the awareness for using cryocoolers as a replacement to helium-based refrigeration or cooling systems, in turn, driving the need for stirling cryocoolers during the next few years. According to Technavio’s cryocooler market research analysis, the cryocooler market will register a CAGR of more than 6% by 2022.
With the growing usage of cryogenic detectors for space applications, vendors in the stirling cryocoolers market are increasingly focusing on manufacturing miniature cryocoolers for the convenient development of cryogen-free (helium-free) satellites. Cryocooler companies such as Lockheed Martin developed the lightest satellite cryocooler known as micro cryocooler which helps in cooling satellites orbiting the Earth. Furthermore, the advent of cryocoolers has changed and opened possibilities for extended cryogenic space missions.According to the cryocooler industry research analysis, the continuous development of cryogenic refrigeration for space instruments including the optics, IR sensors, and satellites will be one of the major trends gaining traction in the cryocooler market during the next few years.
Companies covered
The cryocooler market appears to be moderately fragmented with the presence of a considerable number of cryocooler manufacturers. With the growing demand for cryocoolers in the MRI systems, the companies are highly focusing on introducing innovative products in different end-user industries to gain an advantage over the other players. This cryocooler market study provides a comprehensive analysis of the market’s competitive landscape and offers information on the products offered by companies to help clients identify new investment avenues and formulate unique growth strategies. This research report provides an analysis of various companies in this market including
- AMETEK
- Brooks Automation
- Cryomech
- Sumitomo Heavy Industries
- Thales Group
Segmentation by type and analysis of the cryocooler market
- Gifford-McMahon cryocoolers
- Pulse tube cryocoolers
- Stirling cryocoolers
Gifford-McMahon cryocoolers market segment accounted for the largest share of the cryocooler market during 2017. According to this cryocooler market research analysis, the segment will contribute to the maximum growth of this market throughout the forecast period.
Segmentation by geography and analysis of the cryocooler market
According to our cryogenic cooling market analysis, APAC accounted for the largest cryocooler market share during 2017. Our analysts have predicted that the region will offer numerous growth opportunities to the players in this market during the next few years and will account for the maximum growth of this market till 2022.
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