UK Cryogenic Equipment Market Size & Outlook, 2023-2030
UK cryogenic equipment market, 2018-2030 (US$M)
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UK cryogenic equipment market highlights
- The UK cryogenic equipment market generated a revenue of USD 532.2 million in 2023 and is expected to reach USD 790.5 million by 2030.
- The UK market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, tanks was the largest revenue generating product in 2023.
- Pumps & Vaporizers is the most lucrative product segment registering the fastest growth during the forecast period.
Cryogenic equipment market data book summary
| Market revenue in 2023 | USD 532.2 million |
| Market revenue in 2030 | USD 790.5 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Tanks |
| Fastest growing segment | Pumps & Vaporizers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tanks, Valve, Pumps & Vaporizers, Vacuum Jacketed Piping (VJP), Other Products |
| Key market players worldwide | Chart Industries Inc, Linde PLC, Nikkiso Co Ltd, Standex International Corp, Air Liquide SA, Volkswagen AG, ULVAC Inc, Herose UK, Wessington Cryogenics, INOX India Pvt Ltd, Premier Cryogenics, Cryolor, Cryo Pur |
Other key industry trends
- In terms of revenue, UK accounted for 2.3% of the global cryogenic equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cryogenic equipment market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,995.8 million by 2030.
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Cryogenic Equipment Market Scope
Cryogenic Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK cryogenic equipment 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 cryogenic equipment market will help companies and investors design strategic landscapes.
Tanks was the largest segment with a revenue share of 33.41% in 2023. Horizon Databook has segmented the UK cryogenic equipment market based on tanks, valve, pumps & vaporizers, vacuum jacketed piping (vjp), other products covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of UK cryogenic equipment market databook
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Our clientele includes a mix of cryogenic equipment 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 UK cryogenic equipment market , including forecasts for subscribers. This country databook contains high-level insights into UK cryogenic equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cryogenic equipment market size, by product, 2018-2030 (US$M)
UK Cryogenic Equipment Market Outlook Share, 2023 & 2030 (US$M)
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