Overview of the global cryogenic vaporizer market

The life sciences industry is witnessing constant technological advancements and innovations especially, in areas such as immunotherapy, vaccinations, regenerative medicines, and biopharmaceuticals. This subsequently increases the need for cryogenic temperatures for storage, preservation, and treatment applications. According to our market research experts, this growing popularity of cryogenics in the life sciences industry will be one of the primary factors that will trigger the growth of the cryogenic vaporizer market in the coming years. There is a rising adoption of immunotherapies such as chimeric antigen receptor (CAR) T-cell therapy that help in killing cancer cells. This drives the need for cryogenic systems for the storage and activation of CAR-T cells. Moreover, cryogenic devices also find applications in the biological storage of bone marrow, stem cells, cord blood, and human tissues. Owing to its benefits, there is a growing preference towards cryopreservation process, fueling the market’s growth prospects. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 6% by 2022.

The commercialization of HTS cables is one of the key trends that will gain traction in the cryogenic vaporizer market during the forecast period. With the emergence of HTS cables, the power sector is witnessing major development. HTS cables have the potential to transmit 10 times more power than conventional cables and exhibit high transfer efficiency. Moreover, these cables also help in cost-reduction since they have the capability of reducing T&D loss. With the growing demand for HTS cables, the demand for cryogenic systems will subsequently increase.

Companies covered

The cryogenic vaporizer market has the presence of few players. This industry research report provides detailed information about the market’s competitive landscape and also offers an analysis of the companies and their products. Moreover, the report also suggests strategies the vendors should follow to improve their market shares and sustain the competitive environment in this cryogenic equipment market.

Some of the cryogenic vaporizer companies covered in this report are –

• Chart Industries
• Cryonorm
• INOX Group
• The Linde Group

Segmentation by product type and analysis of the cryogenic vaporizer market

• Ambient air heated
• Steam heated

Our market research analysts have predicted that based on the type of products, the ambient air heated segment will account for the maximum share of this cryogenic equipment market during the next few years. The growing demand for this segment is mainly due to the ease to install and manufacture the elimination of the need for any additional setup for generating heat for regasification purposes.

Geographical segmentation and analysis of the cryogenic vaporizer market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be offer the maximum growth opportunities to the companies in the cryogenic vaporizer market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global cryogenic vaporizer market?
• What are the key market trends impacting the growth of the global cryogenic vaporizer market?
• What are the challenges to market growth?
• Who are the key vendors in the global cryogenic vaporizer market?
• What are the market opportunities and threats faced by the vendors in the global cryogenic vaporizer market?
• 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 vaporizer market?

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