The market for space cryogenics was valued at USD 17 billion in 2021 and is anticipated to grow at a 7.29% CAGR in terms of revenue during the forecast period. Increased attempts from public and private organisations to promote the usage of cleaner fuels, such as natural gas, for domestic and industrial applications as well as rising demand for cryogenic technology within the healthcare sector are some of the main reasons driving market revenue growth. A startling amount of progress has been made in cooling and cryogenic detecting technology over the past 20 years. Cryogenic equipment can now be installed and used inside of spacecraft due to its rising dependability and usability.
The Space Cryogenics Market report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Competitive Terrain:
The global Space Cryogenics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Thales, Absolut System, Inox India Limited, Air Liquide, Oxford Instruments, Parker Hannifin Corp, Wessington Cryogenics, Herose GmbH, Creare, and Cryofab
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Space Cryogenics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Cooling Type Outlook (Revenue, USD Million; 2019–2030)
- High Temperature Coolers
- Radiators
- Stored-Cryogen Cooler
- Mechanical Cooler
- Low-Temperature Coolers
- Helium Sorption Coolers
- Dilution Refrigerators
- Adiabatic Demagnetization Refrigerators
- Solid-State Coolers
- High Temperature Coolers
-
Component Type Outlook (Revenue, USD Million; 2019–2030)
- Low-Conductive Supports
- Multilayer Insulation
- V-Groove Shields
- High Thermal Conductivity Links
- Heat Switches
- Pressure, Level, and Flow Meters
- Space-Qualified Temperature Sensors
- Cryogenic Cables
-
Application Outlook (Revenue, USD Million; 2019–2030)
- Space-Science Missions
- Earth-Observation
- Telecom Applications
- Technology-Demonstration Missions
- Cryo-Electronics Applications
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Key Objectives of the Report:
- Analysis and estimation of the Space Cryogenics market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Space Cryogenics market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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