TechNavio recognizes the following companies as the key players in the Global Cryogenics Equipment Market: Beijing Tianhai Industry Co. Ltd., Chart Industries Inc., Cryofab Inc., Cryoquip Inc., and VRV S.p.A
Commenting on the report, an analyst from TechNavio’s team said: “The global cryogenic equipment vendors have already invested a considerable amount of time and money in their R&D department for the expansion of their product portfolios. Vendors in this market are increasingly investing in their R&D division to provide better functionality and to meet the unsatisfied requirements of end-consumers. The R&D investments by the vendors have enabled them to capture a significant market share and gain a competitive edge over the other vendors in the Global Cryogenic Equipment market. Therefore, the increased R&D spending by market vendors is a positive trend that is expected to contribute to the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the significant growth in the major application industries. The growth of these industries is expected to foster the demand for cryogenic equipment, thereby contributing to the growth of the Global Cryogenic Equipment market.
Further, the report states that one of the key challenges in this market is the high dependency on limited key suppliers. As the market has very limited key suppliers the vendors in the market are susceptible to high risks, as they have to ensure balance in the demand and supply equation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-cryogenics-equipment-market-2012-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Cryogenics Equipment Market 2012-2016
