Global Cryocoolers Strategic Business Report 2023: Widening of Application Base to Bolster Market Growth

Dublin, June 19, 2023 (GLOBE NEWSWIRE) -- The "Cryocoolers: Global Strategic Business Report" report has been added to's offering.

The global market for Cryocoolers estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Gifford-McMahon Cryocoolers, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$1.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Pulse-Tube Cryocoolers segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $736.9 Million, While China is Forecast to Grow at 8.5% CAGR

The Cryocoolers market in the U.S. is estimated at US$736.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$473.1 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$676.1 Million by the year 2030.

Select Competitors (Total 52 Featured) -

  • Advanced Research Systems Inc.
  • Air Liquide SA
  • AMETEK Inc.
  • Chart Industries, Inc.
  • Cryomech Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • RICOR USA Inc.
  • Stirling Cryogenics BV
  • Sumitomo Heavy Industries, Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages382
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$2.3 Billion
Forecasted Market Value (USD) by 2030$4.1 Billion
Compound Annual Growth Rate7.5%
Regions CoveredGlobal

Key Topics Covered:




  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Escalating Oxygen Demand from Hospitals amid Pandemic Provides Relief to Cryogenic Equipment and Cryocoolers Providers
  • Competitive Scenario
  • Cryocoolers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Market Prospects & Outlook
  • Analysis by Type
  • World Cryocoolers Market by Type (2021 & 2027): Percentage Breakdown of Sales for Gifford-Mcmahon Cryocoolers, Pulse-Tube Cryocoolers, Stirling Cryocoolers, Joule Thomson Cryocoolers, Brayton Cryocoolers
  • Analysis by Application
  • World Cryocoolers Market by Application (2021 & 2027): Percentage Breakdown of Sales for Military, Commercial, Research & Development, Medical, Energy & Power, Other Applications
  • Regional Analysis
  • Global Market for Cryocoolers: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
  • Global Market for Cryocoolers - Geographic Regions Ranked by % CAGR (Sales) for 2020-2027: China, Asia-Pacific, USA, Europe, Japan, Canada, Latin America, Middle East, Africa
  • Cryocoolers: An Introduction
  • Activated Carbon Holds Potential to Improve Cooling Capacity
  • Miniature Cryocooler Systems Rise in Demand
  • Better Reliability of Rotary Cryocoolers- A Key Focus Area
  • Key Cryocoolers Types
  • Recent Market Activity
  • Select Global Brands



  • Cryocoolers Market to Witness Steady Growth
  • Widespread Utility of Helium in Cryogenics
  • Global Helium Reserves: Breakdown of Reserves (in Million Cubic Feet) for Select Countries
  • Global Helium Production in Million Cubic Feet by Select Countries
  • World Helium Market by Application (2020 & 2027): Percentage Breakdown of Sales for Cryogenics, Welding, Laboratory, Lifting Balloons, Fiber Optics, Pressurizing & Purging, Leak Detection, Breathing Mixtures, and Other Applications
  • Critical Role in Semiconductor Manufacturing
  • Widening of Application Base to Bolster Market Growth
  • Increased Demand for Cryogenic Refrigerators in Military and Space Applications
  • Cryocoolers Finding Usage in Wider Application Areas
  • Space Mission System Constraints and their Resolution
  • Cryogenic Technology for Space Infrared Detection
  • Cryogenic Technology for Future Space Infrared Detection
  • Active Refrigerators Replacing Passive Refrigerators
  • Comprehensive Refrigerations Replacing Single Refrigerations
  • The Trend for Miniaturization
  • Decreasing the Microvibration
  • Rising Adoption of Cryocoolers in the Medical Sector Contributes Positively to the Growth
  • Rising Importance of Cryogenic Tanks and Coolers for Fast Biological Sample Preservation and Rapid Vaccine Freezing
  • Growing Demand for Liquefied Natural Gas to Spur Crycoolers Market
  • Global Primary Energy Consumption by Source (in %) for 2018 and 2040
  • Global Gas Supply Breakdown by Source (in %) for 2019
  • Global LNG Imports Breakdown by Region (in %) for 2019
  • Innovations to Bolster Market Growth
  • Revolutionizing Digital Communications
  • Cryocooler for the JWST
  • Chase Research Cryogenics Explores Innovative Cryogenics Platform for Quantum Processor Cooling
  • Light Weight Cryocoolers Offer Benefits
  • ICEoxford Develops New DRY ICE System for Higher Productivity Research at Ultralow Temperature




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Global Market for Cryocoolers

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