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22:23 | 12.01.2018
Global Cryogenic PPE Market – Segmentation Analysis and Forecast by Technavio

According to the latest market study released by Technavio,
the global
cryogenic PPE market is expected to grow at a CAGR close to
6% during the forecast period.

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http://www.businesswire.com/news/home/20180112005599/en/
Technavio has published a new market research report on the global cryogenic PPE market 2017-2021 under their energy library. (Graphic: Business Wire)
This research report titled ‘Global
Cryogenic PPE Market 2017-2021’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This report also
includes an up to date analysis and forecasts for various market
segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time
only:View
market snapshot before purchasingBuy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
The market research analysis categorizes the global
cryogenic PPE market into the following type of end-users:

Oil and gas

Energy

Metallurgy

Electronics

Others
Looking for more information on this market? Request
a free sample reportTechnavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
The top three revenue-generating segments are discussed below:
Oil and gas
Due to its high applicability in essential processes, such as
distillation, air separation, hydrofracturing, and storage of gases in
the liquid form, cryogenic PPE finds extensive applications in the oil
and gas segment. Natural gas storage and transportation applications
contribute significantly to the dominance of the segment in the market.
Furthermore, during the forecast period, the growth of the segment can
be attributed to the increasing trade of natural gas due to
irregularities in natural gas reserves and supplies. Some of the other
applications that are widely deployed in the oil and gas industry are
cryogenic air separation and distillation.

According to Neelesh Prakash Singh, a lead analyst at Technavio for power
research, “Cryogenic equipment is used for the storage and processing
of LNG in natural gas processing. The removal of mercury is a crucial
process, during LNG processing. The presence of mercury during the
process can damage aluminum heat exchangers, resulting in severe damage
to the LNG plant. Therefore, in natural gas processing operations, the
application of cryogenics for controlling temperatures plays a
significant role.”
Energy
In addition to hydrogen fuel applications, the energy segment covers
LNG-related applications in power plants. Investments in natural
gas-based power plants will increase due to the growing demand for power
worldwide and environmental concerns due to coal-based power plants. In
addition, coal-dominant countries, such as the US, China, and India,
have implemented natural gas as the best green alternative and planned
to reduce the dependency on coal.
“The GHG emissions produced by natural gas is less and conversion
efficiency is close to coal-based power plants. Countries such as the
US, China, and India have set up LNG infrastructure in power plants to
boost natural gas supply. This in turn increases the demand for
cryogenic equipment, such as cryogenic PPE, in the power industry,” says
Neelesh.
Metallurgy
Among the widely implied applications of cryogenic, metallurgy is one of
the top sectors. In the iron and steel and heavy metal fabrication
industries, industrial gases, such as oxygen, argon, helium, and
nitrogen, are used in various applications. As oxygen is used for
manufacturing other metals, such as lead and copper, the steel industry
is the largest end-user of it.

Sub-zero treatment of steel, such as cryo treatment, shrink fitting, and
cold treatment, improves the tool life significantly. By increasing
hardness, providing dimensional stability, and improving wear resistance
such processes enhance the property of metals. Researchers have proved
that the average tool life increases after the cryo treatment process
and there is a significant improvement in the wear resistance of various
materials.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

BOC

Honeywell International

NSA – NATIONAL SAFETY APPAREL

Tempshield Cryo-Protection
Browse Related Reports:Global
PPE Market for Lab and Research Facilities 2017-2021Global
Greenhouse Horticulture Market 2017-2021Global
Digital Power Meter Market 2017-2021About TechnavioTechnavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005599/en/


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