Cryogenic Equipment Market 2021 Analysis and In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts

The report "Cryogenic Equipment Market by Product (Tank, Valve, Vaporizer, Pump), Cryogen (Nitrogen, Oxygen, Argon, LNG), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping) and Region - Global Forecast to 2021", The cryogenic equipment market is expected to grow from an estimated USD 16.18 Billion in 2016 to USD 22.42 Billion by 2021, at a CAGR of 6.74% from 2016 to 2021. Factors such as increasing demand for LNG and improving healthcare services, especially in the developing economies are driving the market globally.

Browse 75 market data Tables and 54 Figures spread through 160 Pages and in-depth TOC on "Cryogenic Equipment Market - Global Forecast to 2021"

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Tanks would dominate the global cryogenic equipment market

The cryogenic equipment market in this report has been classified based on product type into the following segments, namely, tanks, valves, vaporizers, pumps and other equipment. The tank segment dominated the cryogenic equipment market in 2015. Tanks are the most expensive cryogenic equipment and hence hold the largest part of the market share. Cryogenic tanks are widely used for storing liquefied gases such as oxygen, nitrogen, and argon, among others.

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Nitrogen is the largest cryogen type-based market segment

The nitrogen segment holds the largest market size. This is because liquid nitrogen is used in almost all industries including food & beverage, healthcare, metallurgy and electronics among others. It is used for a wide variety of things, such as a coolant for computers, food preservation & packaging applications, among others. Moreover, the demand for liquid nitrogen in these industries for the mentioned applications is growing day by day. Hence, the market size of the cryogenic equipment used to handle liquid nitrogen is the largest.

Scope of the Report -

By Product Type:

·         Tanks

·         Valves

·         Vaporizers

·         Pumps

·         Other Equipment

By Cryogen Type:

·         Nitrogen

·         Oxygen

·         Argon

·         LNG

·         Other Cryogens

By End-User:

·         Energy & Power

·         Chemical

·         Metallurgy

·         Electronics

·         Shipping

·         Other Industries

By Region:

·         North America

·         South America

·         Europe

·         Africa

·         The Middle East

·         Asia-Pacific

Asia-Pacific is the dominant market for cryogenic equipment

Asia-Pacific is currently the largest market for cryogenic equipment. In Asia-Pacific, the growth of the cryogenic equipment market can be attributed to factors such as increasing investments in the energy sector and substantial growth in other end-user industries such as food & beverage and electronics among others in this region. Meanwhile, fastest growth is expected from the Middle Eastern market, due to the large number of LNG producers and rapid growth in chemical and healthcare industries where the cryogenic equipment are vital.

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To provide an in-depth understanding of the competitive landscape, the report includes profiles of companies, namely, Linde Group AG (Germany), Flowserve Corporation (U.S.), Air Liquide (France), VRV S.p.A. (Italy), Chart Industries, Inc. (U.S.), Parker Hannifin (U.S.), INOX India Limited (India), Wessington Cryogenics Ltd. (U.K.), Taylor Wharton Cryogenics LLC (U.S.), Herose GmbH (Germany), Graham Partners (U.S.), Emerson (U.S.), Cryoquip LLC. (U.S.), Cryofab, Inc. (U.S.), and Beijing Tianhai Industry Co., Ltd. (China). Dominant players are trying to penetrate developing economies and are adopting various methods to grab the market share.

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Distributed Energy Resource Management System Market 2017 Analysis and In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts

The report "Distributed Energy Resource Management System Market Technology (Solar PV, Wind, Energy Storage, CHP), Software (Analytics, Management & Control, VPP), End-User (Government & Municipalities, Industrial, Commercial), and Region - Global Forecast to 2022", The distributed energy resource management system market is expected to grow from an estimated USD 291.1 Million in 2017 to USD 603.6 Million by 2022, registering a CAGR of 15.70%, from 2017 to 2022.

                                                                           

Browse 61 Market Data Tables and 34 Figures spread through 144 Pages and in-depth TOC on "Distributed Energy Resource Management System Market"

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The global market is set to witness a significant growth due to the increasing share of renewable energy in the total energy generation mix, shift from centralized to de-centralized power generation, and reduced cost of DERs such as solar PV and battery storage.

The industrial segment is expected to hold the largest share of the distributed energy resource management system market, by end-user, during the forecast period.

The industrial sub-segment, within the end-user segment, led the distributed energy resource management system market in 2016, and is projected to dominate the market during the forecast period. However, the residential segment is expected to grow at the fastest rate during the forecast period.

The growth of this segment is primarily driven by increasing deployment of DERs in industries such as petroleum and chemical where energy consumption is more than 350 kW.  These industries are located remotely, and require immediate source of electricity generation with cost effectiveness and efficiency measures. This would ultimately create new revenue pockets for the distributed energy resource management system market during the forecast period.

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The report segments the distributed energy resource management system market, based on technology, into solar PV, wind, energy storage (thermal and battery), Combined Heat & Power (CHP), and others. The solar PV segment would account for the maximum share under the technology segment in the distributed energy resource management system market.

This particular market is expected to grow in the future as a result of increasing solar PV installation in the household sector as well as commercial buildings in North America and other parts of the world. Moreover, Europe and some countries of Asia-Pacific such as Australia, Japan, and South Korea also present opportunities as power de-centralization is on rise in these regions.

The market in Asia-Pacific is estimated to be the fastest growing market for distributed energy resource management system from 2017 to 2022. Increasing use of renewable energy resources for power generation, especially in Australia and South Korea are driving the demand for distributed energy resource management system in this region. The growing need for energy reliability and efficiency are also expected to spur the growth of the market and represents a promising opportunity for major distributed energy resource management system providers.

Scope of the Report

    On the basis of Technology:

·         Solar PV

·         Wind

·         Energy Storage

·         Combined Heat & Power

·         Others

    On the basis of End-User:

·         Government & Municipalities

·         Industrial

·         Commercial

·         Residential

·         Military

    On the basis of Software:

·         Analytics

·         Management & Control

·         Virtual Power Plants

    On the basis of Region:

·         North America

·         Asia-Pacific

·         Europe

·         Rest of the world

For instance, small scale distributed solar PV, which are generally found on residential rooftops, have grown significantly in the U.S. over the past several years. According to the Energy Information Administration (EIA), the total U.S. solar power generation (PV and thermal) was 3.6 million MWh in September 2015, with 33% coming from small-scale solar PV. Hence, the U.S. presents a greater opportunity for managing these DERs, which will ultimately drive the DERMS market.

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The distributed energy resource management system market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the distributed energy resource management system market, such as Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (U.S.), and Schneider Electric (France), have either acquired regional companies or made a joint venture with the ones operating in the distributed energy resource management system market to bolster their product portfolio and to enhance their global reach.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com