Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global cryocooler industry is anticipated to be driven by the rising demand for the product in the healthcare industry for MRI, NMR equipment, cryosurgery, liquefication of oxygen, and proton therapy, among others. The upgradation of hospitals and cancer treatment centres is expected to further aid the demand for the cryocoolers in the forecast period. Meanwhile, the technological advancements in the military and defence sector are likely to augment the market growth in the coming years.
Superconductor Technologies, Inc. (OTCMKTS: SCON) and Northrop Grumman Corporation (NYSE: NOC) are some of the leading players in the industry. The increasing R&D activities by the key players to enhance their capability are aiding the market. For instance, in December 2020, Thales Group (EPA: HO) and Airbus Defence and Space singed a contract for the delivery of two cryocoolers (Thermal infraRed Imaging Satellite for High-resolution Natural resource Assessment Satellite) for the TRISHNA satellite, which is dedicated to the monitoring of climate change. This project will enhance the understanding of the Earth’s water cycle. Therefore, the new LPT6510 cryocooler developed by Thales and Absolut system will be used to cool the infrared detector in TRISHNA TIR instrument to a very low temperature to enhance its performance.
North America accounts for a significant share in the market owing to the increased research and development activities in the field of space and the rising demand for cryocoolers for military applications. Meanwhile, the Asia Pacific is likely to account for a considerable share in the market, owing to the rising demand for Stirling coolers in India and China.
Market Breakup by Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global cryocooler market are Superconductor Technologies Inc., Northrop Grumman, Sumitomo Heavy Industries, Ltd., SunPower Corporation, and Brooks Automation, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.