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Cryocooler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global cryocooler market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The cryocooler is a standalone mechanical refrigerator used for active cooling at extremely low temperatures. It uses cryogenic fluids with helium, nitrogen and hydrogen gasses circulating in a thermodynamic cycle to absorb the ambient heat and radiate it at low temperature. The fluid is compressed at room temperature, precooled in a heat exchanger and expanded at extremely low temperatures. The returning low-pressure fluid passes through the heat exchanger again to precool the high-pressure fluid before entering the compressor intake and repeats the cycle. Cryocoolers are commonly available in pulse-tube, Brayton, Stirling, Gifford- Mahon and Joule-Thomson variants. They are compact, vibrationless, energy-efficient, require minimal maintenance and find extensive applications across various industries, including medical, mining, military, aerospace, automotive and power.

Cryocooler Market Trends:

The increasing requirement for efficient cooling systems for the production of superconductors, magnets and power systems is one of the key factors driving the market growth. This can also be attributed to the widespread adoption of closed-loop cryocoolers for operating infrared (IR) sensors, detectors, thermal cameras, night vision systems and commercial refrigerators. Moreover, the increasing product utilization for maintaining low temperatures while operating surgical probes and magnetic resonance imaging (MRI) systems is providing a thrust to the market growth. Cryocoolers are also used for advanced cancer treatments, proton therapy, cryosurgery and liquefaction of oxygen in hospitals and healthcare centers, which is favoring the market growth. Additionally, various innovations, such as the development of space cryocoolers, are acting as other growth-inducing factors. These innovative variants can withstand launch vibrations and long-term exposure to space radiations. Other factors, including the increasing adoption of cryogenically cooled low-noise amplifiers in cellular telephone base stations, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cryocooler market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, heat exchanger type, operating cycle, temperature and application.

Breakup by Type:

  • Pulse-Tube
  • Gifford-McMahon
  • Joule-Thomson
  • Brayton
  • Stirling
     

Breakup by Heat Exchanger Type:

  • Recuperative Heat Exchangers
  • Regenerative Heat Exchangers
     

Breakup by Operating Cycle:

  • Open-Loop Cycle
  • Closed-Loop Cycle
     

Breakup by Temperature:

  • 1K-5K
  • 5.1K-10K
  • 10.1K-50K
  • 50.1K-100K
  • 100.1K-300K
     

Breakup by Application:

  • Space
  • Healthcare
  • Military and Defense
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Research Systems Inc., Air Liquide S.A., AMETEK Inc., Brooks Automation Inc., Chart Industries Inc., Cryomech Inc., Honeywell International Inc., Lake Shore Cryotronics Inc., Northrop Grumman Corporation, RICOR Cryogenic & Vacuum Systems, Sumitomo Heavy Industries Ltd., Superconductor Technologies Inc. and Thales Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Heat Exchanger Type, Operating Cycle, Temperature, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advanced Research Systems Inc., Air Liquide S.A., AMETEK Inc., Brooks Automation Inc., Chart Industries Inc., Cryomech Inc., Honeywell International Inc., Lake Shore Cryotronics Inc., Northrop Grumman Corporation, RICOR Cryogenic & Vacuum Systems, Sumitomo Heavy Industries Ltd., Superconductor Technologies Inc. and Thales Group.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global cryocooler market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global cryocooler market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the heat exchanger type?
  • What is the breakup of the market based on the operating cycle?
  • What is the breakup of the market based on the temperature?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cryocooler market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cryocooler Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Pulse-Tube
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Gifford-McMahon
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Joule-Thomson
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Brayton
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Stirling
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Heat Exchanger Type
    7.1    Recuperative Heat Exchangers
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Regenerative Heat Exchangers
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Operating Cycle
    8.1    Open-Loop Cycle
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Closed-Loop Cycle
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Temperature
    9.1    1K-5K
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    5.1K-10K
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    10.1K-50K
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    50.1K-100K
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    100.1K-300K
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Application
    10.1    Space
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Healthcare
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Military and Defense
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Others
        10.4.1 Market Trends
        10.4.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Advanced Research Systems Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Air Liquide S.A.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    AMETEK Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
        16.3.4    Brooks Automation Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
        16.3.5    Chart Industries Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
        16.3.6    Cryomech Inc.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
        16.3.7    Honeywell International Inc.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Lake Shore Cryotronics Inc. 
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Northrop Grumman Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    RICOR Cryogenic & Vacuum Systems
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Sumitomo Heavy Industries Ltd.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    Superconductor Technologies Inc.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
        16.3.13    Thales Group
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials
           16.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Cryocooler Market: Major Drivers and Challenges
Figure 2: Global: Cryocooler Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Cryocooler Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Cryocooler Market: Breakup by Type (in %), 2020
Figure 5: Global: Cryocooler Market: Breakup by Heat Exchanger Type (in %), 2020
Figure 6: Global: Cryocooler Market: Breakup by Operating Cycle (in %), 2020
Figure 7: Global: Cryocooler Market: Breakup by Temperature (in %), 2020
Figure 8: Global: Cryocooler Market: Breakup by Application (in %), 2020
Figure 9: Global: Cryocooler Market: Breakup by Region (in %), 2020
Figure 10: Global: Cryocooler (Pulse-Tube) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Cryocooler (Pulse-Tube) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Cryocooler (Gifford-McMahon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Cryocooler (Gifford-McMahon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Cryocooler (Joule-Thomson) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Cryocooler (Joule-Thomson) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Cryocooler (Brayton) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Cryocooler (Brayton) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Cryocooler (Stirling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Cryocooler (Stirling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Cryocooler (Recuperative Heat Exchangers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Cryocooler (Recuperative Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Cryocooler (Regenerative Heat Exchangers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Cryocooler (Regenerative Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Cryocooler (Open-Loop Cycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Cryocooler (Open-Loop Cycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Cryocooler (Closed-Loop Cycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Cryocooler (Closed-Loop Cycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Cryocooler (1K-5K) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Cryocooler (1K-5K) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Cryocooler (5.1K-10K) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Cryocooler (5.1K-10K) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Cryocooler (10.1K-50K) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Cryocooler (10.1K-50K) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Cryocooler (50.1K-100K) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Cryocooler (50.1K-100K) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Cryocooler (100.1K-300K) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Cryocooler (100.1K-300K) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Cryocooler (Space) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Cryocooler (Space) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Cryocooler (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Cryocooler (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Cryocooler (Military and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Cryocooler (Military and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Cryocooler (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Cryocooler (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: North America: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: North America: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: United States: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: United States: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Canada: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Canada: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Asia-Pacific: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Asia-Pacific: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: China: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: China: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Japan: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Japan: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: India: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: India: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: South Korea: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: South Korea: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Australia: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Australia: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Indonesia: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Indonesia: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Europe: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Europe: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Germany: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Germany: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: France: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: France: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: United Kingdom: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: United Kingdom: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Italy: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Italy: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Spain: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Spain: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Russia: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Russia: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Latin America: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Latin America: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Brazil: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Brazil: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Mexico: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Mexico: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Others: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Others: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Middle East and Africa: Cryocooler Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Middle East and Africa: Cryocooler Market: Breakup by Country (in %), 2020
Figure 94: Middle East and Africa: Cryocooler Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: Global: Cryocooler Industry: SWOT Analysis
Figure 96: Global: Cryocooler Industry: Value Chain Analysis
Figure 97: Global: Cryocooler Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Cryocooler Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Cryocooler Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Cryocooler Market Forecast: Breakup by Heat Exchanger Type (in Million US$), 2021-2026
Table 4: Global: Cryocooler Market Forecast: Breakup by Operating Cycle (in Million US$), 2021-2026
Table 5: Global: Cryocooler Market Forecast: Breakup by Temperature (in Million US$), 2021-2026
Table 6: Global: Cryocooler Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Cryocooler Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Cryocooler Market: Competitive Structure
Table 9: Global: Cryocooler Market: Key Players

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