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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The market players are increasing their collaboration and research and development activities to gain a competitive edge in the cryocooler market
Superconductor Technologies Inc. is a company focused on developing and commercializing high-temperature superconductor (HTS) materials and related technologies.
Northrop Grumman is a global aerospace and defence technology company that provides innovative systems, products, and solutions in autonomous systems, cyber, and space, among others.
Sumitomo Heavy Industries, Ltd. is a Japanese company with a diverse portfolio that includes general machinery, shipbuilding, and construction equipment.
SunPower Corporation. is known for its production of high-efficiency solar panels and systems and provides solar products and services for residential, commercial, and utility-scale power plant projects.
Other market players include Brooks Automation, Inc., among others.
Cryocooler Market Report Snapshots
Cryocooler Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global cryocooler market attained a value of nearly USD 3.30 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.13 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Pulse-tube (PT), Gifford-McMohan (GM), Joule-Thomson (JT), Brayton, and Stirling, among others are the various types of cryocoolers.
Space, healthcare, and military and defence, among others are the significant applications of cryocoolers.
A cryocooler is a mechanical refrigerator that is designed to reach cryogenic temperatures i.e., below 120 K or -153 °C.
The key trends aiding the market include space exploration, growing LNG production, quantum computing; and technological innovations in the cryocoolers sector.
The major players in the market are Superconductor Technologies Inc., Northrop Grumman, Sumitomo Heavy Industries, Ltd., SunPower Corporation, and Brooks Automation, Inc., among others.
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