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(CityRegions.Com, January 05, 2017 ) About Cryogenic Technology
Cryogenic technology involves production, maintenance, and application of low temperatures below 150F. This technology has increased its scope of application from cold storage to core processes in various end-user industries. The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.
Technavios analysts forecast the global cryogenic equipment market to grow at a CAGR of 6.05% during the period 2016-2020.
Covered :
The report covers the present scenario and the growth prospects of the global cryogenic equipment market for 2016-2020. To calculate the market size, the report estimates the demand for cryogenic equipment from various end-user industries such as petrochemical and chemical, metallurgy, power, semiconductors, and others.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cryogenic Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=800313
Key vendors
Chart Industries
Cryofab
INOXCVA
Linde
VRV
Wessington Cryogenics
Key driver
Natural gas set to surpass coal in primary energy mix in coal-dominant economies
For a full, detailed list, view our report
Key challenge
Operational issues in LNG plants
For a full, detailed list, view our report
Key trend
Technological advances enhance scope of cryogenics
For a full, detailed list, view our report
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Mr. Nachiket Ghumare,
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Source: EmailWire.Com 
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