Global Cryogen Free Dilution Refrigerators Market: An Overview
Refrigeration is an underrated requirement, and one of the most important components present in our kitchens. If not for them, we would not be able to store our foods, and live a sustainable lifestyle. Our refrigerator needs have evolved over the years, with concurrent industrialization, and mechanization. One of the newest inventions in refrigeration is cryogen free dilution refrigerators, which is used in extreme cooling to temperatures as low as 2 miliKelvin, which is similar to the temperature in space.
Cryogen-free dilution refrigerators use Helium-3 and Helium-4 isotopes for excessive, continuous cooling. They are employed in the cooling of essential computer parts like computer chips, photonics, spintronics, and other condensed matter. This helps in applications like quantum computing, and nuclear research where cooling of the product is essential. Because these refrigerators help in the advancement of other fields, the cryogen free dilution refrigerators market helps in driving the economy forward.
According to analysts at IndustryARC, the cryogen free dilution refrigerators market is expected to grow at a robust CAGR of 12% during the forecast period of 2019-2025. The market size in the year 2018 was also evaluated to be more than $100 million.
Global Cryogen Free Dilution Refrigerators Market: Recent Developments
Cryogen free dilution refrigerators have been making strides in the technological world owing to their effectiveness in cooling technical parts for relevant research fields. In the recent past, they have been quite useful in several scientific projects around the world.
- NASA’s World’s Largest Liquid Hydrogen Storage Tank
The National Aeronautics And Space Administration’s scientists have been working consistently in their Cryogenics Tests Laboratory for working on world’s largest liquid hydrogen storage tank. Liquid hydrogen will be stored inside this tank and the liquid inside the storage tanks will be cooled using cryogen free dilution refrigerators. The covering will also not use a cooling powder, instead employ an insulator. This storage tank will be vital in the space launch of Orion spacecraft which will be sent to the Moon, and planet Mars as well.
- Boosting India’s Economic Growth Through Make in India Program
India’s Make in India is an indigenous scheme that enables Indian producers to make generally exported products in India instead of purchasing them from abroad. India, a developing country lags behind scientifically in the global market. However, Department of Atomic Energy’s Variable Energy Cyclotron Centre in India has come up with the first dilution refrigerator in India. With this, India became the eighth country in the world to invent a cryocooler which can successfully store liquid nitrogen and liquid helium. Initially, India obtained its dilution refrigerators from first world countries like Germany, and the United Kingdom. The cryogen-free dilution refrigerators market in India will now experience unprecedented growth especially since the cost of production is nearly half the cost of exportation.
Cryogen-free dilution refrigerators market will experience a multitude of changes in the upcoming few years. With constant innovation, not only will their costs be reduced but they will become a normal purchase. Since they are extremely useful in scientific applications, they will give rise to quantum computing as well where they plan an irreplaceable role.
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