Global Cryogenic Equipment Market 2016-2020
Our team recognizes the following companies as the key players in the global cryogenic equipment market: Chart Industries, Cryofab, INOXCVA, Linde, VRV, and Wessington Cryogenics.
Get the sample pages of report at https://marketreportscenter.com/request-sample/374136
Commenting on the report, an analyst from Our team’s team said: “Commercialization of HTS cables will be a key trend for market growth. Development of HTS cables is a major development in the power sector that will drive the demand for cryogenic equipment. These cables require cryogenic cooling during operations for proper functioning. Upgrade of transmission and distribution networks worldwide can be considered as a major driver to accelerate the demand for HTS cables. These cables have high transfer efficiency and can transmit 10 times more power than conventional cables. HTS cables have the potential to reduce T&D losses, thus saving the cost borne by utilities in lost electricity. The technology uses LN₂ for cooling purposes instead of dielectric oil, which is used in HVDC cables.”
Check the discount on report at https://marketreportscenter.com/request-discount/374136
According to the report, one of the key drivers for market growth will be recovery of stalled projects in India. India is one of the leading developing economies in the world. However, growing population and rising energy demand in the country have resulted in severe power shortage. In order to meet the increasing power demand, the government is planning to revive existing gas-based power plants in the country. India’s unpredictable production of gas reserves has resulted in poor infrastructure development in the past. The lack of LNG terminals in the country has restricted LNG supply to certain regions. India has the least gas pipeline length per million when compared to other developing and developed nations. The country’s existing pipeline capacity of about 9,000 miles should double to cater to the demand for natural gas by various end-user sectors.
Further, the report states that slowdown in steel industry will be a challenge for the market. Cryogenic gases play an integral role in the metal processing sector. Industrial gases such as argon, oxygen, and nitrogen are delivered to end-users in liquid form at cryogenic temperatures and are stored in tanks for further use. The steel industry is one of the major end-users of oxygen as it plays a crucial role in convertor melting process. Nitrogen is used as a shielding gas to protect technological processes against ambient air and its oxidizing components (moisture, oxygen, and CO₂). Argon is used in the production of high-quality metals and alloys in processes that require prevention of contact between the molten metal and ambient air and its main components, nitrogen and oxygen.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://marketreportscenter.com/reports/374136/global-cryogenic-equipment-market-2016-2020
About Market Reports Center;
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. We are dedicated to create a comprehensive offering of market research which is accurate, credible and affordable.
Market Reports Center currently has more than 3,00,000 plus titles and 40+ Publishers on our platform and growing consistently. We cover more than 35 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, and Construction.
Connect for more details:
Market Reports Center