In the Report “Stirling Cryocoolers Market: By Cooling Type (Helium Gas, Liquefiers); By Application (MRI Magnet Cooling, Boil off Storage Tanks, Others); By End User Industry (Aerospace, Biostorage, Healthcare); By Geography – Forecast (2018-2023)” published by IndustryARC, the market is majorly driven by adoption of cryocoolers in semiconductor industries and military sector to maintain cryoenic temperature of sensors.
North America established with major share and growth in the Stirling Cryocooler Market
North America is the leading market in Stirling Cryocooler Market with highest amount of share. The market generated a value of $273.84 million in 2017. Now, the growing production has lifted the market to grow at a CAGR of 4.98% to reach value of $366.50 million by 2023. U.S. is the dominating country in North America region to hold maximum revenue and expected to grow at a CAGR of 4.54% and maintain its dominance. Asia-Pacific market for stirling engine model is forecast to experience high growth market, due to its rising expenditure, military investments and advanced space programs from China, India and Japan which will lift the market. The Asia-Pacific market is expected grow at a CAGR of 10.51% to reach value of $255.88 million by 2023 from $140.45 million in 2017. Japan is the leading country in the APAC region, where stirling cooler are used in applications that offer high speed imaging and sensing detector technologies.
Selected Type Analysis done in the full Report:
The stirling cryocoolers market is segmented into types of cooling, such as Helium Gas Cryocoolers and Liquefiers cooling system. Helium gas cryocoolers market segment was valued to be $457.64 million in 2017 and it is estimated to reach $600.26 million by 2023 growing at CAGR 4.63% during 2018-2023. Helium Gas lines are well equipped by various well established companies across the globe, owing to its potential applications including wide cooling range. Liquefiers market segment was valued at $274.03 million in 2017, and it will likely reach $443.31 million by 2023, growing at a CAGR 8.53% during the forecast 2018-2023. Liquefiers market is further divided into different types such as nitrogen, methane, oxygen, argon, neon among others. Among all the types, Nitrogen is the leading one to reach revenue of $83.29 million in 2017. The Nitrogen market is further expected to continue its dominance and to reach revenue of $128.60 million by 2023.
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Excerpts on Market Growth Factors
- Continuous performance, and maintenance free operations offered by these stirling engine cryocooler are creating opportunities to increase investments in military, medical, semiconductor and others sectors in developing countries is driving the market.
- Features like reliability, efficiency and power density of advanced stirling cryocoolers coupled with the development of superior technologies is driving the growth of global stirling cryocoolers market.
- In stirling cycle cryocooler, the launch of low cost high efficiency linear drive motors has opened a number of market options for cryogenic and other low temperature refrigerator systems.
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Key players of the Stirling Cryocooler Market
Sumitomo, Air Liquide, and Ricor are the leading companies among others. Findings say Sumitomo and Air Liquide holds maximum share of 13% and 10% respectively in 2017. Sumitomo Heavy industries, Ltd. came up with its product as Mechanical Cooler below 4.5K with cooling power 1.5 Watts. Thales Cryogenics has a product named as 720 mW/¼” IDCA with 24 0000 hours operating lifetime. Janis Research Company, Inc. launched a product called Intergral Stirling ½ W which has 10,000 hours of operating lifetime. These above listed products for stirling cryocoolers has been properly benchmarked. Companies are working towards the up gradation of stirling engine cooler and it will help the market to expand further.
Sterling Cryocooler Market report is segmented as below
- Sterling Cryocooler Market By Cooling Type
- Helium Gas
- Sterling Cryocooler Market By Application
- MRI Magnet Cooling
- Boil off Storage
- Sterling Cryocooler Market By Temperature Ranges
- Sterling Cryocooler Market By Equipment and Services
- Cold Head
- Circulation Fan
- Heat Exchangers
- Power Conditionings Units
- Repair and Refurbished
- Preventive Maintenance
- Sterling Cryocooler Market By End User Industry
- Stirling Cryocooler Market by Geography (covers 10+ countries)
- Stirling Cryocooler Entropy Market
CompaniesCitied / Interviewed
- DH Industries BV
- Sunpower Inc
- Chart Industries
- Superconductor Technologies Inc.
- Advanced Research Systems, Inc.
- Company 6
- Company 7
- Company 8
- Company 9
- Company 10+
What can you expect from the report?
The Stirling Cryocooler Market Report is Prepared with the Main Agenda to Cover the following 20 points:
- Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
- Market trends & Relevant Market Data 12. Country level Analysis
- Manufacturer Landscape 13. Competitor Analysis
- Distributor Landscape 14. Market Shares Analysis
- Pricing Analysis 15. Value Chain Analysis
- Top 10 End user Analysis 16. Supply Chain Analysis
- Product Benchmarking 17. Strategic Analysis
- Product Developments 18. Current & Future Market Landscape Analysis
- Mergers & Acquisition Analysis 19. Opportunity Analysis
- Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
- Does IndustryARC publish country or application based reports in Stirling Cryocooler Market segment?
Response: Yes, we do have separate reports as mentioned below:
- America Stirling Cryocooler Market (2018-2023)
- Europe Stirling Cryocooler Market (2018-2023)
- Asia-Pacific Stirling Cryocooler Market (2018-2023)
- Cooling Type Stirling Cryocooler Market (2018-2023)
- Temperature Ranges Stirling Cryocooler Market (2018-2023)
- Equipment and Services Stirling Cryocooler Market (2018-2023)
- Application Stirling Cryocooler Market (2018-2023)
- End User Industry Stirling Cryocooler Market (2018-2023)
- Does IndustryARC provide customized reports and charge additionally for limited customization?
Response:Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography chapter.
- Find out market shares for other smaller companies or companies which are of interest to you.
- Company profiles can be requested based on your interests.
- Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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