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The Cryocooler Market is Segmented by Type (Pulse-tube (PT), Joule-Thomson (JT), Gifford-McMahon (GM)), Application (Healthcare, Military and Defense, Space), and Geography.
Fastest Growing Market:
The Cryocooler market was valued at USD 2.45 billion in 2019 and is expected to reach USD 3.68 billion by 2025, at a CAGR of 7% over the forecast period 2020 - 2025. There are primarily five types of common cryocoolers, each with different operating principles, but they all rely on compression and expansion of gas to bring about temperature changes.
The cryocooler is a device that provides active cooling of something down to cryogenic temperatures. As per the Cryogenic Society of America Inc., a cryogenic cooler or a cryocooler is designed to allow active cooling at temperatures of about -150 degrees Celsius or colder. They use the flow of gas inside closed tubes, which absorbs the temperature and radiates it outside. The device generally uses helium, hydrogen, or a mixture of gases of this purpose.
|Military and Defense|
|Rest of the World|
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The cryocooler market is competitive and consists of several players. Many companies are increasing their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Demand for Maintaining Cryogenic Temperature for IR Sensors
4.3.2 Increasing Need for Cooling of High-critical-temperature (HTC) Superconducting Systems
4.3.3 Rising Demand for Utilization in Proton Therapy and MRI Systems
4.4 Market Restraints
4.4.1 High Input Power Consumption of Cryocoolers
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Pulse-tube (PT)
5.1.2 Gifford-McMahon (GM)
5.1.3 Joule-Thomson (JT)
5.2 By Application
5.2.3 Military and Defense
5.2.4 Other Applications
5.3.1 North America
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Sumitomo Heavy Industries Limited
6.1.2 Sunpower Inc. (Ametek Inc.)
6.1.3 Ricor - Cryogenic & Vacuum System
6.1.4 Brooks Automation Inc.
6.1.5 Cryomech Inc.
6.1.6 Northrop Grumman Corporation
6.1.7 Janis Research Company LLC
6.1.8 Advanced Research Systems Inc.
6.1.9 Superconductor Technologies Inc.
6.1.10 Honeywell International Inc.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
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