Global Cryocooler Market Size & Outlook
The cryocooler industry worldwide is expected to reach a projected revenue of US$ 1,684.1 million by 2030. A compound annual growth rate of 6.3% is expected of the worldwide cryocooler industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,096.0
Forecast, 2030 (US$M)
$1,684.1
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide
Global cryocooler market, 2018-2030 (US$M)
Related Markets
Global cryocooler market highlights
- The global cryocooler market generated a revenue of USD 1,096.0 million in 2023 and is expected to reach USD 1,684.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, single stage gm cryocoolers accounted for a revenue of USD 558.3 million in 2023.
- 2-Stage Gm Cryocoolers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,096.0 million |
| Market revenue in 2030 | USD 1,684.1 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Single stage gm cryocoolers |
| Fastest growing segment | 2-Stage Gm Cryocoolers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Stage GM Cryocoolers, 2-Stage Gm Cryocoolers, Thermoacoustic Cryocoolers |
Other key industry trends
- In terms of revenue, the North America accounted for 42.3% of the global cryocooler market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 17.6 million by 2030.
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Cryocooler Market Scope
Cryocooler market segmentation & scope
Cryocooler Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cryocooler market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryocooler market will help companies and investors design strategic landscapes.
single stage gm cryocoolers was the largest segment with a revenue share of 50.94% in 2023. Horizon Databook has segmented the Global cryocooler market based on single stage gm cryocoolers, 2-stage gm cryocoolers, thermoacoustic cryocoolers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cryocooler Product Outlook (Revenue, USD Million, 2018-2030)
- Single Stage GM Cryocoolers
- 2-Stage Gm Cryocoolers
- Thermoacoustic Cryocoolers
- Global Cryocooler Application Outlook (Revenue, USD Million, 2018-2030)
- Infrared Detectors
- Superconducting Devices
- Cryopumping
- Other
- Global Cryocooler End Use Outlook (Revenue, USD Million, 2018-2030)
- Semiconductor
- Medical & Healthcare
- Research & Development
- Aerospace and Defense
- Space
- Global Cryocooler Cooling Capacity Outlook (Revenue, USD Million, 2018-2030)
- Upto 4 K
- 4 to 10K
- 10 to 25 k
- 25 to 40 K
- 40 to 60 K
- Above 60 K
- Global Cryocooler Heating Load Outlook (Revenue, USD Million, 2018-2030)
- Upto 1.0 W
- 1.0 to 2.0 W
- 2.0 to 10.0 W
- Above 10.0 W
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Target buyers of Global cryocooler market databook
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Our clientele includes a mix of cryocooler market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global cryocooler market, including forecasts for subscribers. This global databook contains high-level insights into Global cryocooler market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cryocooler market report statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Cryocooler market report size, 2023 (USD Million)
Top 10 countries: Cryocooler market report size, 2023 (USD Million)
Global cryocooler market, by region, 2023 (US$M)
Related regional statistics
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