Heat Recovery Steam Generator (HRSG) Market to 2020: Market Shifts from Asia Pacific to Middle-East, Driven by Focus on CCGT Plants and Equipment Replacement/Retrofit

2011-12-16
Published : Dec-2011

Heat Recovery Steam Generator (HRSG) Market to 2020 – Market Shifts from Asia-Pacific to Middle-East, Driven by Focus on CCGT Plants and Equipment Replacement/Retrofit

Summary

GBI Research’s report, “Global Heat Recovery Steam Generator (HRSG) Market Analysis and Forecast to 2020” provides an in-depth analysis of the HRSG market of selected countries in the following regions: Asia Pacific (India, China, Japan, Australia, Republic of Korea and Taiwan),Europe (The United Kingdom, Germany, Spain, Italy and Russia), North America (The United States and Canada), and the Middle East and Africa (Saudi Arabia, Iran, the United Arab Emirates, Nigeria and South Africa). The report analyzes the trends and the factors affecting the global HRSG market. It provides a detailed forecast of the unit shipment, market revenue and pricing of the HRSG market of each the countries covered under the four regions up to 2020. It also provides information on the competitive landscape and market shares of some of the major companies in each respective country.

Heat Recovery Steam Generator (HRSG) Market to 2020

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

According to GBI Research, the Middle East is expected to be the largest HRSG market among all regions by both unit shipment volume and market revenue in 2020, with a share of 43% in the total global HRSG unit shipment volumes and 33% in the total global HRSG market’s revenues in 2020. The Middle Eastern countries encourage foreign investment, especially in the generation segment of the HRSG industry. Heavy investment plans and lucrative policies are anticipated to drive the market in this region. However, the global HRSG market is expected to grow moderately during the forecast period from 2011 through to 2020, at a CAGR of 2.2%. The growth will be strongly affected by raw material prices and a shift in focus in the market towards renewable sources.

Scope

– The global HRSG market scenario, segmented into four regions: Asia Pacific, Europe, North America and the Middle East and Africa.
– Details of the 18 HRSG equipment markets covered under the four regions: India, China, Japan, Australia, Republic of Korea, Taiwan, the United Kingdom, Germany, Spain, Italy, Russian Federation, the United States, Canada, Saudi Arabia, Iran, the United Arab Emirates, Nigeria and South Africa.
– Data types, including unit shipment volumes, market revenues, average pricing by country from 2000 to 2010, with forecasts to 2020.
– Analysis of the competitive landscape and a Porter’s Five Forces analysis of the HRSG industry in the key countries.
– The report provides details of key technologies likely to impact the HRSG market.

Reasons to buy

The report will enhance your decision-making capabilities in a rapid and time-sensitive manner. It will allow you to –
– Identify key markets and investment opportunities for foreign investors in the HRSG industry.
– Facilitate decision-making based on strong historical and forecast data and detailed growth opportunities analysis.
– Position yourself to take maximum advantage of the potential of the HRSG markets in the 18 countries covered.
– Identify the risks associated with the market and transform them into opportunities for future growth.
– Locate and capitalize on market potential in emerging economies.

1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 6
1.2 List of Figures 7
2 Introduction 9
2.1 GBI Research Report Guidance 9
3 Global HRSG Market to 2020 10
3.1 Global HRSG Market, Overview 10
3.2 Global HRSG Market, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 12
3.3 Global HRSG Market, Market Revenue and Forecasts, $m, 2000 – 2020 15
3.4 Global HRSG Market, Competitive Analysis 17
4 Global HRSG Market, Technology Analysis 19
4.1 Global HRSG Market, Introduction 19
4.2 Types of HRSG 20
4.2.1 Fired and Unfired HRSG 20
4.2.2 Horizontal and Vertical HRSG 20
4.3 Key Differences between HRSGs and Normal Boilers 21
4.4 Global HRSG Market, Advanced Technologies 21
4.4.1 Trigeneration 21
4.4.2 Conventional Generation to Powerformers 22
4.4.3 New Combustion Technology 22
5 Global HRSG Market, Market Forces Analysis 23
5.1 Global HRSG Market, Push Forces 24
5.1.1 Growing Electricity Demand 24
5.1.2 Availability Issues Related to Fuels and Their Fluctuating Prices 24
5.1.3 Manufacturers Seek to Differentiate through Higher Efficiency Products 25
5.1.4 Increasing Awareness on Emission Control 25
5.1.5 Availability of High Efficiency HRSG Driving Replacement Market 25
5.2 Global HRSG Market, Pull Forces 26
5.2.1 Price Competition as a Growth Restraint for HRSG Manufacturers 26
5.2.2 Lack of Skilled Labor 26
5.2.3 High Initial Costs of Equipment and Restrained Spending in the Market Affecting the Purchase of New Equipment and Replacements 27
5.2.4 Long Life of HRSG and Cost of Replacement Hinders Repeat Business 27
5.2.5 Increasing Steel Prices Driving the Cost of HRSG Globally 27
6 Global HRSG Market, Porter’s Five Forces Analysis 28
6.1.1 Barriers to New Entry – Medium/High 28
6.1.2 Bargaining Power of Buyers – High 28
6.1.3 Threats from Substitutes – Medium/Low 29
6.1.4 Bargaining Power of Suppliers – Medium/Low 29
6.1.5 Intensity of Competition – High 29
7 Global HRSG Market, Trends 30
7.1 Global HRSG Market to Witness Price Comptetion Due to Lack of Product Differentiation 30
7.2 Retrofit and Replacement of the Aged CCGT Plants with New Installations to Drive the HRSG Market in European Region 30
7.3 Increasing Cost of Raw Materials and Natural Gas Likely to Impact the North American HRSG Market 30
7.4 Coal and Hydro Power Likely to Impact the HRSG Market in Asia Pacific 31
7.5 Middle East and African HRSG Market to be Driven by Heavy Investment Plans and Lucrative Policies 31
8 Europe HRSG Market to 2020 32
8.1 HRSG Market, Europe, Market Size and Forecast, Unit Shipment Volume, 2000 – 2020 32
8.1.1 HRSG Market, Spain, Market Size and Forecast, Unit Shipment Volume, 2000 – 2020 34
8.1.2 HRSG Market, Italy, Market Size and Forecast, Unit Shipment Volume,  2000 – 2020 37
8.1.3 HRSG Market, The United Kingdom, Market Size and Forecast, Unit Shipment Volume, 2000 – 2020 39
8.1.4 HRSG Market, Germany, Market Size and Forecast, Unit Shipment Volume, 2000 – 2020 42
8.1.5 HRSG Market, Russian Federation, Market Size and Forecast, Unit Shipment Volume, 2000 – 2020 44
8.2 HRSG Market, Europe, Market Revenue and Forecasts, $m,  2000 – 2020 46
8.2.1 HRSG Market, The United Kingdom, Market Revenue and Forecasts, $m, 2000 – 2020 48
8.2.2 HRSG Market, Germany, Market Revenue and Forecasts, $m, 2000 – 2020 50
8.2.3 HRSG Market, Spain, Market Revenue and Forecasts, $m, 2000 – 2020 52
8.2.4 HRSG Market, Italy, Market Revenue and Forecasts, $m, 2000 – 2020 55
8.2.5 HRSG Market, Russia, Market Revenue and Forecasts, $m, 2000 – 2020 58
8.3 HRSG Market, Europe, Competitive Analysis 60
8.4 HRSG Market, Europe, Pricing Analysis, 2000-2020 61
8.4.1 HRSG Market, Spain, Pricing Analysis, 2000-2020 61
8.4.2 HRSG Market, The United Kingdom, Pricing Analysis, 2000-2020 63
8.4.3 HRSG Market, Russia, Pricing Analysis, 2000-2020 65
8.4.4 HRSG Market, Germany, Pricing Analysis, 2000-2020 67
8.4.5 HRSG Market, Italy, Pricing Analysis, 2000-2020 69
9 North America HRSG Market 71
9.1 HRSG Market, North America, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 71
9.1.1 HRSG Market, the United States, Market Size and Forecasts, Unit Shipment Volume, 2000-2020 73
9.1.2 HRSG Market, Canada, Market Size and Forecasts, Unit Shipment Volume, 2000-2020 75
9.2 HRSG Market, North America, Market Revenue and Forecasts, $m, 2000 – 2020 77
9.2.1 HRSG Market, The United States, Market Revenue and Forecasts, $m,  2000 – 2020 79
9.2.2 HRSG Market, Canada, Market Revenue and Forecasts, $m, 2000 – 2020 81
9.3 HRSG Market, North America, Competitive Analysis 83
9.4 HRSG Market, North America, Pricing Analysis, 2000-2020 84
9.4.1 HRSG Market, The United States, Pricing Analysis, 2000-2020 84
9.4.2 HRSG Market, Canada, Pricing Analysis, 2000-2020 86
10 Asia-Pacific HRSG Market 89
10.1 HRSG Market, Asia-Pacific, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 89
10.1.1 HRSG Market, China, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 91
10.1.2 HRSG Market, India, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 93
10.1.3 HRSG Market, Australia, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 95
10.1.4 HRSG Market, Japan, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 97
10.1.5 HRSG Market, Republic of Korea, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 99
10.1.6 HRSG Market, Taiwan, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 101
10.2 HRSG Market, Asia-Pacific, Market Revenue and Forecasts, $m,  2000 – 2020 103
10.2.1 HRSG Market, China, Market Revenue and Forecasts, $m, 2000 – 2020 105
10.2.2 HRSG Market, India, Market Revenue and Forecasts, $m, 2000 – 2020 107
10.2.3 HRSG Market, Australia, Market Revenue and Forecasts, $m, 2000 – 2020 109
10.2.4 HRSG Market, Republic of Korea, Market Revenue and Forecasts, $m,  2000 – 2020 112
10.2.5 HRSG Market, Japan, Market Revenue and Forecasts, $m, 2000 – 2020 114
10.2.6 HRSG Market, Taiwan, Market Revenue and Forecasts, $m, 2000 – 2020 116
10.3 HRSG Market Asia-Pacific, Competitive Analysis 118
10.4 HRSG Market, Asia-Pacific, Pricing Analysis, 2000-2020 120
10.4.1 HRSG Market, China, Pricing Analysis, 2000-2020 120
10.4.2 HRSG Market, India, Pricing Analysis, 2000-2020 123
10.4.3 HRSG Market, Australia, Pricing Analysis, 2000-2020 125
10.4.4 HRSG Market, Republic of Korea, Pricing Analysis, 2000-2020 127
10.4.5 HRSG Market, Japan, Pricing Analysis, 2000-2020 129
10.4.6 HRSG Market, Taiwan, Pricing Analysis, 2000-2020 131
11 Middle East and Africa HRSG Market 133
11.1 HRSG Market, Middle East and Africa, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 133
11.1.1 HRSG Market, Saudi Arabia, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 135
11.1.2 HRSG Market, Iran, Market Size and Forecasts, Unit Shipment Volume,  2000 – 2020 137
11.1.3 HRSG Market, South Africa, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 139
11.1.4 HRSG Market, The United Arab Emirates, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 141
11.1.5 HRSG Market, Nigeria, Market Size and Forecasts, Unit Shipment Volume, 2000 – 2020 143
11.2 HRSG Market, Middle East and Africa, Revenue and Forecasts, $m, 2000 – 2020 145
11.2.1 HRSG Market, South Africa, Revenue and Forecasts, $m, 2000 – 2020 147
11.2.2 HRSG Market, Saudi Arabia, Revenue and Forecasts, $m, 2000 – 2020 149
11.2.3 HRSG Market, Iran, Revenue and Forecasts, $m, 2000 – 2020 151
11.2.4 HRSG Market, The United Arab Emirates, Revenue and Forecasts, $m,  2000 – 2020 154
11.2.5 HRSG Market, Nigeria, Revenue and Forecasts, $m, 2000 – 2020 156
11.3 HRSG Market, Middle East and Africa, Competitive Analysis 158
11.4 HRSG Market, Middle East and Africa, Pricing Analysis, 2000-2020 159
11.4.1 HRSG Market, Iran, Pricing Analysis, 2000-2020 159
11.4.2 HRSG Market, Saudi Arabia, Pricing Analysis, 2000-2020 162
11.4.3 HRSG Market, The United Arab Emirates, Pricing Analysis, 2000-2020 164
12 Appendix 166
12.1 About GBI Research 166
12.2 Market Definition 166
12.2.1 Geographies Covered 166
12.3 Abbreviations 166
12.4 Methodology 167
12.4.1 Coverage 167
12.4.2 Secondary Research 167
12.4.3 Primary Research 168
12.4.4 Expert Panel Validation 168
12.5 Contact Us 168
12.6 Disclaimer 168

1.1 List of Tables
Table 1: Global Power Market, Electricity Generation, tkWh, 2007-2020 10
Table 2: Global Power Market, Electricity Generation by Technology, tkWh, 2007-2020 11
Table 3: Global HRSG Market, Unit Shipment Volume, 2000-2020 14
Table 4: Global HRSG Market, Market Revenue, $m, 2000-2020 16
Table 5: Global HRSG Market, Market Share by Capacity (%), 2010 18
Table 6: Features of Unfired and Supplementary-fired Heat Recovery Steam Generators, 2011 20
Table 7: Features of Horizontal and Vertical Heat Recovery Steam Generators, 2011 21
Table 8: HRSG Market, Europe, Unit Shipment Volume, 2000-2020 33
Table 9: HRSG Market ,Spain, Unit Shipment Volume, 2000-2020 36
Table 10: HRSG Market, Italy, Unit Shipment Volume, 2000-2020 38
Table 11: HRSG Market, The United Kingdom, Unit Shipment Volume, 2000-2020 41
Table 12:     HRSG Market, Germany, Unit Shipment Volume, 2000-2020 43
Table 13: HRSG Market, Russia, Unit Shipment Volume, 2000-2020 45
Table 14: HRSG Market, Europe, Market Revenue, $m, 2000-2020 47
Table 15: HRSG Market, The United Kingdom, Market Revenue, $m, 2000-2020 49
Table 16: HRSG Market, Germany, Market Revenue, $m, 2000-2020 51
Table 17: HRSG Market, Spain, Market Revenue, $m, 2000-2020 54
Table 18: HRSG Market, Italy, Market Revenue, $m, 2000-2020 57
Table 19: HRSG Market, Russia ,Market Revenue ($m), 2000-2020 59
Table 20: HRSG Market, Europe, Market Share by Capacity (%), 2010 61
Table 21: HRSG Market, Spain, Average Price ($/kW), 2000-2020 62
Table 22: HRSG Market, The United Kingdom, Average Price, $/kW, 2000-2020 64
Table 23: HRSG Market, Russia, Average Price, $/kW, 2000-2020 66
Table 24: HRSG Market, Germany, Average Price, $/kW, 2000-2020 68
Table 25: HRSG Market, Italy, Average Price, $/kW, 2000-2020 70
Table 26:     HRSG Market, North America, Unit Shipment Volume, 2000-2020 72
Table 27: HRSG Market, The United States, Unit Shipment Volume, 2000-2020 74
Table 28: HRSG Market, Canada, Unit Shipment Volume, 2000-2020 76
Table 29: HRSG Market, North America, Market Revenue, $m, 2000-2020 78
Table 30: HRSG Market, The United States, Market Revenue, $m, 2000-2020 80
Table 31: HRSG Market, Canada, Market Revenue, $m, 2000-2020 82
Table 32: HRSG Market, North America, Market Share by Capacity (%), 2010 84
Table 33: HRSG Market, The United States, Average Price, $/kW, 2000-2020 85
Table 34: HRSG Market, Canada, Average Price, $/kW, 2000-2020 88
Table 35: HRSG Market, Asia Pacific, Unit Shipment Volume, 2000-2020 90
Table 36: HRSG Market, China, Unit Shipment Volume, 2000-2020 92
Table 37: HRSG Market, India, Unit Shipment Volume, 2000-2020 94
Table 38: HRSG Market, Australia, Unit Shipment Volume, 2000-2020 96
Table 39: HRSG Market, Japan, Unit Shipment Volume, 2000-2020 98
Table 40: HRSG Market, Republic of Korea, Unit Shipment Volume, 2000-2020 100
Table 41: HRSG Market, Taiwan, Unit Shipment Volume, 2000-2020 102
Table 42: HRSG Market, Asia Pacific, Market Revenue, $m, 2000-2020 104
Table 43: HRSG Market, China, Market Revenue, $m, 2000-2020 106
Table 44: HRSG Market, India, Market Revenue, $m, 2000-2020 108
Table 45: HRSG Market, Australia, Market Revenue, $m, 2000-2020 111
Table 46: HRSG Market, Republic of Korea, Market Revenue, $m, 2000-2020 113
Table 47: HRSG Market, Japan, Market Revenue, $m, 2000-2020 115
Table 48: HRSG Market, Taiwan, Market Revenue, $m, 2000-2020 117
Table 49: HRSG Market, Asia Pacific, Market Share by Capacity (%), 2010 120
Table 50: HRSG Market, China, Average Price, $/kW, 2000-2020 122
Table 51: HRSG Market, India, Average Price, $/kW, 2000-2020 124
Table 52: HRSG Market, Australia, Average Price, $/kW, 2000-2020 126
Table 53: HRSG Market, Republic of Korea, Average Price, $/kW, 2000-2020 128
Table 54: HRSG Market, Japan, Average Price, $/kW, 2000-2020 130
Table 55: HRSG Market, Taiwan, Average Price, $/kW, 2000-2020 132
Table 56: HRSG Market, Middle East and Africa, Unit Shipment Volume, 2000-2020 134
Table 57: HRSG Market, Saudi Arabia, Unit Shipment Volume, 2000-2020 136
Table 58: HRSG Market, Iran, Unit Shipment Volume, 2000-2020 138
Table 59: HRSG Market, South Africa, Unit Shipment Volume, 2000-2020 140
Table 60: HRSG Market, The United Arab Emirates, Unit Shipment Volume, 2000-2020 142
Table 61: HRSG Market, Nigeria, Unit Shipment Volume, 2000-2020 144
Table 62: HRSG Market, Middle East and Africa, Market Revenue, $m, 2000-2020 146
Table 63: HRSG Market, South Africa, Market Revenue, $m, 2000-2020 148
Table 64: HRSG Market, Saudi Arabia, Market Revenue, $m, 2000-2020 150
Table 65: HRSG Market, Iran, Market Revenue, $m, 2000-2020 153
Table 66: HRSG Market, The United Arab Emirates, Market Revenue, $m, 2000-2020 155
Table 67: HRSG Market, Nigeria, Market Revenue, $m, 2000-2020 157
Table 68: HRSG Market, Middle East and Africa, Market Share by Capacity (%), 2010 159
Table 69: HRSG Market, Iran, Average Price, $/kW, 2000-2020 161
Table 70: HRSG Market, Saudi Arabia, Average Price, $/kW, 2000-2020 163
Table 71: HRSG Market, The United Arab Emirates, Average Price, $/kW, 2000-2020 165
Table 72: Abbreviations 166

1.2 List of Figures
Figure 1: Global Power Market, Electricity Generation (tkWh), 2007-2020 10
Figure 2: Global Power Market, Electricity Generation by Technology (tkWh), 2007-2020 11
Figure 3: Global HRSG Market, Unit Shipment Volume, 2000-2020 13
Figure 4: Global HRSG Market, Market Revenue ($m), 2000-2020 15
Figure 5: Global HRSG Market, Market Share by Capacity (%), 2010 18
Figure 6: Heat Recovery Steam Generator (HRSG) Diagram, 2011 19
Figure 7: Global HRSG Market, Push and Pull Forces, 2011 23
Figure 8: HRSG Market, Push Forces 24
Figure 9: HRSG Market, Pull Forces 26
Figure 10: Global HRSG Market, Porter’s Five Forces Analysis 28
Figure 11: HRSG Market, Europe, Unit Shipment Volume, 2000-2020 32
Figure 12: HRSG Market, Spain, Unit Shipment Volume, 2000-2020 35
Figure 13: HRSG Market, Italy, Unit Shipment Volume, 2000-2020 37
Figure 14: HRSG Market, The United Kingdom, Unit Shipment Volume, 2000-2020 40
Figure 15: HRSG Market, Germany, Unit Shipment Volume, 2000-2020 42
Figure 16: HRSG Market, Russia, Unit Shipment Volume, 2000-2020 44
Figure 17: HRSG Market, Europe, Market Revenue ($m), 2000-2020 46
Figure 18: HRSG Market, The United Kingdom, Market Revenue ($m), 2000-2020 48
Figure 19: HRSG Market, Germany, Market Revenue ($m), 2000-2020 50
Figure 20: HRSG Market, Spain, Market Revenue ($m), 2000-2020 53
Figure 21: HRSG Market, Italy, Market Revenue ($m), 2000-2020 56
Figure 22: HRSG Market, Russia, Market Revenue ($m), 2000-2020 58
Figure 23: HRSG Market, Europe, Market Share by Capacity (%), 2010 60
Figure 24: HRSG Market, Spain, Average Price ($/kW), 2000-2020 61
Figure 25: HRSG Market, The United Kingdom, Average Price ($/kW), 2000-2020 63
Figure 26: HRSG Market, Russia, Average Price ($/kW), 2000-2020 65
Figure 27: HRSG Market, Germany, Average Price ($/kW), 2000-2020 67
Figure 28: HRSG Market, Italy, Average Price ($/kW), 2000-2020 69
Figure 29: HRSG Market, North America, Unit Shipment Volume, 2000-2020 71
Figure 30: HRSG Market, The United States, Unit Shipment Volume, 2000-2020 73
Figure 31: HRSG Market, Canada, Unit Shipment Volume, 2000-2020 75
Figure 32: HRSG Market, North America, Market Revenue ($m), 2000-2020 77
Figure 33: HRSG Market, The Unites States, Market Revenue ($m), 2000-2020 79
Figure 34: HRSG Market, Canada, Market Revenue ($m), 2000-2020 81
Figure 35: HRSG Market, North America, Market Share by Capacity (%), 2010 83
Figure 36: HRSG Market, The United States, Average Price ($/kW), 2000-2020 84
Figure 37: HRSG Market, Canada, Average Price ($/kW), 2000-2020 87
Figure 38: HRSG Market, Asia Pacific, Unit Shipment Volume, 2000-2020 89
Figure 39: HRSG Market, China, Unit Shipment Volume, 2000-2020 91
Figure 40: HRSG Market, India, Unit Shipment Volume, 2000-2020 93
Figure 41: HRSG Market, Australia, Unit Shipment Volume, 2000-2020 95
Figure 42: HRSG Market, Japan, Unit Shipment Volume, 2000-2020 97
Figure 43: HRSG Market, Republic of Korea, Unit Shipment Volume, 2000-2020 99
Figure 44: HRSG Market, Taiwan, Unit Shipment Volume, 2000-2020 101
Figure 45: HRSG Market, Asia Pacific, Market Revenue ($m), 2000-2020 103
Figure 46: HRSG Market, China, Market Revenue ($m), 2000-2020 105
Figure 47: HRSG Market, India, Market Revenue ($m), 2000-2020 107
Figure 48: HRSG Market, Australia, Market Revenue ($m), 2000-2020 110

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“The variable frequency drive market is projected to grow at a CAGR of 4.8% from 2022 to 2027” The variable frequency drive market is anticipated to grow from an estimated USD 21.2 billion in 2022 to USD 26.8 billion in 2027, at a CAGR of 4.8% during the forecast period. The advantages associated with the use of variable frequency drives include reduced energy consumption and costs, increased energy efficiency, extended equipment life, and low maintenance costs. They are used for variable torque applications in the oil & gas, power, infrastructure, and industrial sectors. These factor would drive the growth of variable frequency drive. “Pumps: The fastest-growing segment of the variable frequency drive market, by application“ The pumps segment is estimated to grow from......
 $4950

Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region – Global forecast to 2027

The cryogenic equipment market is expected to reach USD 17.4 billion by 2027, at a CAGR of 6.8% from 2022 to 2027 The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period.The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain. “Tanks segment dominates the global market” The cryogenic equipment market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak dete......
 $4950
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