Cryocooler Market

Cryocooler Market Overview:

A cryocooler is a mechanical device which facilitates active cooling of specific applications, down to very low cryogenic temperatures, by the means of expansion and compression of specific gases. The recent advent of low frequency pulse tube cryocooler has proven out to be highly beneficial for the cooling of infrared sensors, which are used in military applications such as missile guidance, range detection and many others. In addition to this, cryocooler is also being extensively used within the healthcare industry as this device play a crucial role in the functioning of various medical devices such as MRI machines. Apart from this, these devices are also being deployed for the efficient functioning of medical organ storage systems and conducting successful cryosurgeries. According to Magnetic Resonance, approximately 2,500 MR imaging units are sold every year, globally.

Cryocooler Market Size Growth Rate:

According to research report, Cryocooler Market size was valued at USD XX Million in 2018 and this figure estimated to cross USD XX Million by the end of 2025, and it is growing at a CAGR of 6.5% during the forecast period 2018-2025

Cryocooler Market Growth Application:

A major application of cryocoolers for space related programs related to earth science, planetary science, space astronomy and reconnaissance & missile defense is significantly expanding the market. NASA is one of the major end-user of cryogenic coolers and has deployed them in its various technologies including AIRS Earth-science instrument and SIRTF IR space telescope. However, factor such as high input power requirements of cryocooler due to its complete dependency on heating load and operating temperature can act as a hindering agent for the growth of the market.

On the other hand, the depletion of natural resource such as helium, which is a key composition element of cryostats, has led the end users to adopt cryocoolers as an alternative in various applications such aerospace and defense. Such a scenario can put forward a lucrative growth platform for the market.

Notable Companies Operating in the Cryocooler Market:

• Sumitomo Heavy Industries Ltd.
• Superconductor Technologies Inc.
• Brooks Automation Inc.
• Advanced Research Systems Inc.
• Janis Research Company LLC
• Cryomech Inc.
• Chart Industries Inc.
• DH Industries BV
• Sunpower Inc. 
• AMETEK
• Thales Group.

This research report includes following segmentation for the Cryocooler Market size and forecast until 2025:

By Hardware:

• Power conditioning units
• Compressors
• Heat dissipation pipes
• Cold heads
• Others

By Services:

• Technical support services
• Preventive maintenance services
• Product repairs & refurbishment services
• Customer training services

By Type:

• Gifford-Mcmahon Cryocoolers
• Stirling Cryocoolers
• Pulse-Tube Cryocoolers
• Brayton Cryocoolers
• Joule Thomson Cryocoolers

By Heat Exchanger Type:

• Regenerative Heat Exchangers
• Recuperative Heat Exchangers

By Application:

• Commercial
• Medical
• Agriculture & biology
• Environmental
• Military
• Transport
• Energy & power
• Mining and metal
• Space
• Research and development
• Others

By Temperature:

• 100K -300K
• 50K-100K
• Others

Cryocooler Market – By Geographical Segmentation:

• North America                                                 

  • United States                                
  • Canada                                          

• Europe                                                                                  

  • United Kingdom                                            
  • Germany                                       
  • France                                           
  • Italy                                
  • Spain                                             

• Asia-Pacific                                                      

  • China                                             
  • India                                              
  • Japan                                             
  • South Korea                                  

• Latin America                                                                              

  • Brazil                                             
  • Argentina                                      
  • Mexico                                          

• Middle-East & Africa                                                       

  • Middle-East                                  
  • Africa