Global Cryogenic Hoses Market 2017-2021

Overview of the global cryogenic hoses market

Market research analysts at Technavio predict that the global cryogenic hoses market will grow steadily at a CAGR of over 5% by 2021. This market research analysis identifies the growing demand from the brewing industry in APAC as one of the primary growth factors for this market. Liquid nitrogen is used in beer processing as it helps to displace oxygen which helps in increasing the shelf life. Additionally, it also helps in enhancing the taste of the beer. The usage of liquid nitrogen in beer processing is likely to increase with the increase in beer production, which will in turn, drive the demand for cryogenic hoses.

The increase in the commercialization of high temperature superconductor (HTS) cables is one of the latest trends that will gain traction in the cryogenic hoses market in the coming years. These cables have high transfer efficiency and can transmit ten times more power than conventional cables. Additionally, the HTS cables also have the potential to reduce T&D losses. This saves the cost borne by utilities due to electricity losses. This will induce the usage of liquid nitrogen for cooling instead of dielectric oil, which will subsequently drive market growth.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of players and is competitive. One of the major players Acme Cryogenics is the leading provider, designer, and manufacturer of precision engineered products and its services include production, storage, and distribution of industrial gases and cryogenic liquids. The company provides an extensive suite of services and products for various applications such as industrial gas supply and distribution chain in various attractive end-user industries such as pharmaceutical, aerospace, food packaging, semiconductor, industrial gas, and medical gas.

The leading vendors in the market are -

• Acme Cryogenics
• Chart Industries
• Cryofab
• Linde

The other prominent vendors in the market include Dantec, Grainger, Meiji Rubber & Chemical, Pacific Hoseflex, Ratermann Manufacturing, Specma Wiro, and United Flexible.

Segmentation by end-user and analysis of the cryogenic hoses market

• Petrochemical and chemical industry
• Metallurgy industry
• Power industry
• Electronics industry

During 2016, the petrochemical and chemical industry accounted for the major shares of this marketspace. Chemicals are used in a wide range of products and practices and are key contributors to national and global economies. The need for managing these chemicals efficiently to avoid complex risks to human health and ecosystems as well as considerable costs to national economies, will drive the market's growth in this end-user segment.

Geographical segmentation and analysis of the cryogenic hoses market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The automobile industry is one of the important consumers of iron and steel and Asia is the largest market for automobile sales. This will drive the demand for cryogenic equipment and hoses in the manufacture of steel and steel-based alloys in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cryogenic hoses market?
• What are the key market trends impacting the growth of the global cryogenic hoses market?
• What are the challenges to market growth?
• Who are the key vendors in the global cryogenic hoses market?
• What are the market opportunities and threats faced by the vendors in the global cryogenic hoses market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global cryogenic hoses market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global cryogenic hoses market offers insights into the key trends and emerging drivers influencing the growth of the heavy industry sector. Our market research reports for the heavy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like engineering tools.

By considering the market forecast and size, surging demand for various engineering tools, the market research experts at Technavio offer an all-inclusive picture of the cryogenic hoses market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also presents an extensive analysis of various services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the cryogenic hoses market also covers vendors like ACME Cryogenics, Dantec, Cryofab, Grainer, and United Flexible.

This upcoming industry report on the cryogenic hoses market also considers the growth of the related engineering tools market such as the hydraulic hose and fittings market, which is expected project an impressive CAGR of almost 5% during the forecasted period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the cryogenic hoses market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the cryogenic hoses market also categorizes the key drivers, major trends, as well as the imminent challenges that the engineering tools sector are currently experiencing. It also presents insights into the rapidly changing competitive scenario to give clients a complete view of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as test and measurement, tools and components, and construction.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.