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QYResearch: The cryocooler market is expected to reach USD 2.48 billion by 2022

http://www.qyresearchglobal.com/goods-675877.html The cryocooler market is expected to reach USD 2.48 billion by 2022, at a CAGR of 5.62

http://www.qyresearchglobal.com/goods-675877.html The cryocooler market is expected to reach USD 2.48 billion by 2022, at a CAGR of 5.62

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<strong>QYResearch</strong><br />

According <strong>to</strong> <strong>QYResearch</strong>, <strong>The</strong> <strong>cryocooler</strong> <strong>market</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>2.48</strong> <strong>billion</strong> <strong>by</strong><br />

<strong>2022</strong>, at a CAGR of 5.62% between 2017 and <strong>2022</strong>. <strong>The</strong> major fac<strong>to</strong>rs contributing <strong>to</strong> the<br />

growth of th<strong>is</strong> <strong>market</strong> include the growing medical & healthcare services in developing<br />

economies and increasing production of the liquefied natural gas over the last couple of years.<br />

<strong>The</strong> <strong>cryocooler</strong> <strong>market</strong> based on type <strong>is</strong> segmented in<strong>to</strong> GM, PT, Stirling, JT, and Bray<strong>to</strong>n<br />

<strong>cryocooler</strong>s. <strong>The</strong> <strong>market</strong> for stirling <strong>cryocooler</strong>s <strong>is</strong> <strong>expected</strong> <strong>to</strong> grow at the highest rate<br />

between 2016 and 2021 in the global <strong>cryocooler</strong> <strong>market</strong>. <strong>The</strong> major fac<strong>to</strong>rs contributing <strong>to</strong><br />

the growth of th<strong>is</strong> <strong>market</strong> include growing adoption of these <strong>cryocooler</strong>s in a variety of<br />

applications such as space, military, medical, and commercial among others. <strong>The</strong> stirling<br />

<strong>cryocooler</strong>s are small in size and offer higher efficiencies compared <strong>to</strong> the other <strong>cryocooler</strong>s.<br />

w w w. q y re s e a rc h . c o m

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