South Africa Cryocooler Market Size & Outlook, 2023-2030
South Africa cryocooler market, 2018-2030 (US$M)
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South Africa cryocooler market highlights
- The South Africa cryocooler market generated a revenue of USD 8.5 million in 2023 and is expected to reach USD 12.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% 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.
Cryocooler market data book summary
| Market revenue in 2023 | USD 8.5 million |
| Market revenue in 2030 | USD 12.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Single stage gm cryocoolers |
| Fastest growing segment | 2-Stage Gm Cryocoolers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.8% of the global cryocooler market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia cryocooler market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.3 million by 2030.
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Cryocooler Market Scope
Cryocooler Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 52.94% in 2023. Horizon Databook has segmented the South Africa 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.
- South Africa Cryocooler Product Outlook (Revenue, USD Million, 2018-2030)
- Single Stage GM Cryocoolers
- 2-Stage Gm Cryocoolers
- Thermoacoustic Cryocoolers
- South Africa Cryocooler Application Outlook (Revenue, USD Million, 2018-2030)
- Infrared Detectors
- Superconducting Devices
- Cryopumping
- Other
- South Africa Cryocooler End Use Outlook (Revenue, USD Million, 2018-2030)
- Semiconductor
- Medical & Healthcare
- Research & Development
- Aerospace and Defense
- Space
- South Africa 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
- South Africa 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 South Africa 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 country-level data and insights on the South Africa cryocooler market, including forecasts for subscribers. This country databook contains high-level insights into South Africa cryocooler market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cryocooler market report size, by product, 2018-2030 (US$M)
South Africa Cryocooler Market Share, 2023 & 2030 (US$M)
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