Cryocooler Market Trends and Dynamics - TMR Research Methodologies and Assumptions 2016
Add your Naples Florida Press Release or Company Profile to NAPLESPLUS
Press Release Give your opinion about this listing via "Review" or suggest corrections/additions
Detailed Free Research Brochure PDF: Label
Some of the common types of cryocoolers are Stirling cryocoolers, Brayton cryocoolers, pulse-tube cryocoolers, Joule Thomson cryocoolers, and Gifford-McMahon cryocoolers. In terms of services, the global cryocooler market can be segmented into product repair and refurbishment, customer training, technical support, and preventive maintenance. The key application sectors in the global cryocooler market are research and development, energy, military, commercial, medical, space, transport, and environmental. The military sector has contributed immensely towards the growth of the market.
Global Cryocooler Market: Drivers and Restraints
The growing demand for cryocoolers across the military and healthcare sectors has been boosting the global cryocoolers market. In the military sector, cryocoolers are used to maintain cryogenic temperatures for IR sensors installed in night vision-based systems, satellite-based surveillance, and missile guidance. In the healthcare sector, the rising demand for cryocoolers can be attributed to their extensive utilization in proton therapy, cryosurgery, MRI systems, and liquefaction of oxygen in hospitals. The rapid shortage of helium gas across the developing economies has also supported the market’s growth. Cryocoolers are also used for superconductivity applications in semiconductor fabrication units and magnetic levitation trains. The global cryocooler market has immense growth opportunities with the increasing applications of cryocoolers in the space sector.
Global Cryocooler Market: Region-wise Outlook
Geographically, the global cryocooler market has been segmented into Asia Pacific, Europe, North America, and Rest of the World. In North America, the cryocooler market has been registering significant growth due to the rising adoption of cryocoolers for proton therapy in the treatment of cancer. Cryocoolers are being also used for satellite monitoring and missile guidance in the military sector. In November last year, the U.S. Navy’s aircraft carrier USS Gerald R Ford was successfully installed with the cryocooler technology. The robust growth of the military and healthcare sector in the U.S. has driven the growth of the cryocooler market in North America. Asia Pacific and Europe are expected to exhibit considerable demand for cryocoolers.
Global Cryocooler Market: Vendor Landscape
The prominent players in the global cryocooler market are Superconductor Technologies Inc. Brooks Automation Inc., Advanced Research Systems, Inc., Janis Research Company LLC, Cryomech, Inc., Chart Industries, Inc., DH Industries BV, Sumitomo Heavy Industries Ltd., and Sunpower, Inc. The key players are focusing on expanding the applications of cryocoolers across the military and energy sector.
Furthermore, the players are looking to partner with research organizations and governments to expand their business. For example, Ball Aerospace and Technologies Corporation has won a contract worth US$18.2 mn to design, test, and deliver a cryocooler for NASA’s Landsat-9 spacecraft. For NASA’s James Webb Space Telescope to be launched in 2018, the Jet Propulsion Laboratory has developed an innovative cryocooler that will freeze the telescope’s Mid-Infrared Instrument (MIRI).
Browse Full Report@ Label
About Us:- Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact Us:- Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453
NOTE: If your business information is incorrect, or you want ownership of your page (free), please see How do I modify my NAPLESPLUS business listing or find out more about this business?