North America Cryocooler Market Size & Outlook, 2023-2030
North America cryocooler market, 2018-2030 (US$M)
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North America cryocooler market highlights
- The North America cryocooler market generated a revenue of USD 463.8 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, single stage gm cryocoolers was the largest revenue generating product in 2023.
- 2-Stage Gm Cryocoolers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 463.8 million |
| Market revenue in 2030 | USD 678.2 million |
| Growth rate | 5.6% (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 |
| Key market players worldwide | Sumitomo Corp, Chart Industries Inc, AMETEK Inc, Brooks Automation, Northrop Grumman Corp, Advanced Research Systems, Cryomech, DH Industries, Janis Research Co, Superconductor Technologies, Ricor Cryogenic and Vacuum Systems, Cobham Mission Systems |
Other key industry trends
- In terms of revenue, North America region accounted for 42.3% of the global cryocooler market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 417.2 million by 2030.
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Cryocooler Market Scope
Cryocooler Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 48.68% in 2023. Horizon Databook has segmented the North America 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.
- North America Cryocooler Product Outlook (Revenue, USD Million, 2018-2030)
- Single Stage GM Cryocoolers
- 2-Stage Gm Cryocoolers
- Thermoacoustic Cryocoolers
- North America Cryocooler Application Outlook (Revenue, USD Million, 2018-2030)
- Infrared Detectors
- Superconducting Devices
- Cryopumping
- Other
- North America Cryocooler End Use Outlook (Revenue, USD Million, 2018-2030)
- Semiconductor
- Medical & Healthcare
- Research & Development
- Aerospace and Defense
- Space
- North America 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
- North America 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 North America 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 continent-level data and insights on the North America cryocooler market, including forecasts for subscribers. This continent databook contains high-level insights into North America cryocooler market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cryocooler market report size, by country, 2018-2030 (US$M)
North America Cryocooler Market Share, 2023 & 2030 (US$M)
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