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Global Cryocooler Market Size, Share, Analysis, Forecast: By Type: Pulse-Tube (PT), Gifford-McMohan (GM), Joule-Thomson (JT), Brayton, Stirling; By Application: Space, Healthcare, Military and Defence, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Cryocooler Market Share
Gifford-McMahon (GM) cryocooler accounts for a major cryocooler market share owing to its widespread application across various sectors requiring reliable and efficient cooling solutions
On the basis of type, the Gifford-McMahon cryocoolers are anticipated to account for a significant share of the market, as they are easy to maintain and are ideal for recondensing cryogens in the temperature range of 25 to 125K. They are also favoured for their robust performance in low-frequency applications, where they can effectively maintain extremely low temperatures, making them ideal for use in cryo vacuum systems and scientific research.
On the other hand, stirling cryocoolers are gaining popularity due to their efficiency and versatility in cooling applications, particularly in military and aerospace sectors where precise temperature control is critical.
The healthcare sector maintains its dominance in the market due to the growing usage of cryocoolers in healthcare equipment
Based on application, the healthcare sector is likely to account for a significant share of the cryocooler market in the forecast period. Cryocooler is a crucial component for MRI, NMR equipment, cryosurgery, liquefication of oxygen, and proton therapy, among others. Over the forecast period, technological advancements and the modification of hospitals and cancer treatment centres are likely to bolster the demand for cryocoolers. For instance, proton therapy is used in highly advanced treatment centres in order to treat head and neck cancer, paediatric cancers, spine tumours, and breast cancers, among others. Therefore, this factor will propel the demand for cryocoolers, as the product is used for cooling down the high-powered superconducting magnets used in proton therapy.
Meanwhile, the military and defence sector is likely to hold a considerable share of the cryocooler market owing to the strong demand for cryocoolers for sensitive equipment. Cryocoolers are essential for cooling infrared sensors used in night vision devices, which are critical for modern military operations.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cryocooler Market Analysis
8.1 Key Industry Highlights
8.2 Global Cryocooler Historical Market (2018-2023)
8.3 Global Cryocooler Market Forecast (2024-2032)
8.4 Global Cryocooler Market by Type
8.4.1 Pulse-Tube (PT)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gifford-McMohan (GM)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Joule-Thomson (JT)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Brayton
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Stirling
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Cryocooler Market by Application
8.5.1 Space
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Healthcare
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Military and Defence
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Cryocooler Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Cryocooler Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cryocooler Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cryocooler Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cryocooler Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cryocooler Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Superconductor Technologies Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Northrop Grumman
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sumitomo Heavy Industries, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 SunPower Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Brooks Automation, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cryocooler Market: Key Industry Highlights, 2018 and 2032
2. Global Cryocooler Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Cryocooler Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Cryocooler Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Cryocooler Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Cryocooler Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Cryocooler Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Cryocooler Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Cryocooler Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Cryocooler Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Cryocooler Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Cryocooler Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Cryocooler Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Cryocooler Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Cryocooler Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Cryocooler Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Cryocooler Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Cryocooler Market Structure
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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