According to a market report by Lucintel, the future of the global cryocooler market looks promising with opportunities in the military & defense, healthcare, power & energy, aerospace, research & development, transport, and mining & metal applications. The global cryocooler market is expected to reach an estimated $4.1 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing demand for cryogenic cooling based space and satellite technologies and rising adoption of these coolers in mri, nmr equipment, and proton therapy.

A more than 150 – page report is developed to understand trends, opportunity and forecast in cryocooler market to 2030 by type (gifford-mcmahon, pulse-tube, stirling, joule-thomson, and brayton), heat exchanger type (regenerative heat exchanger and recuperative heat exchanger), application (military & defense, healthcare, power & energy, aerospace, research & development, transport, mining & metal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, gifford-mcmahon, pulse-tube, stirling, joule-thomson, and brayton are the major segments of cryocooler market by type. Lucintel forecasts that stirling is expected to witness highest growth over the forecast period.

Within this market, military & defence is expected to witness highest growth over the forecast period due to high consumption of cryocoolers in defence applications such as night vision, ground surveillance, remotely operated vehicles and aerial warfare.

North America is expected to witness highest growth over the forecast period due to presence of major space agencies, aerospace companies, and defense contractors in the region.

Advanced Research Systems, Brooks Automation, Chart Industrie, Cryomech, DH Industries, Janis Research, and Sunpower are the major suppliers in the cryocooler market.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]