Cryogenic Equipment Market Analysis By Product, Application and Segment Forecasts To 2022
24-Jan-2019 The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand. Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period. Request a Sample Copy of This Report: https://ww...