Cryocooler Market Buoyed by Military Thumbs Up For Lockheed Martin’s Cryocooler Design

The Cryocooler Market deals with the development, distribution and manufacture of the cryo cooler as well as other supporting cryogenic cooling equipment. Cryocooler manufacturers attribute the recent rise in demand to two industries: healthcare and military. Various cryocooler designs are used in medical procedures and equipment when it comes to the healthcare industry. On the other hand, the military applications cover surveillance via satellite, proper maintenance of infrared sensors and guidance systems in a missile.

The basic objective of the Cryocooler Market is to maintain objects at very low temperatures called cryogenic temperatures. Cryogenic cooling can be described as the cooling of an object below ?180 °C or ?292.00 °F. Various specialized cryogenic equipment is necessary to maintain such low temperatures. On the other hand, a cryo cooler can be described as standalone cryogenic technology which is used to cool and maintain an application at cryogenic temperatures.

Scope & Regional Forecast of the Cryocooler Market

The cryogenic systems produced by the Cryocooler Market received a huge boost when new superconducting materials were discovered. The discovery allowed cryocooler manufacturers to produce cryogenic systems in more cost effective ways. A further boost was provided when helium gas supplies dried up in developing economies. The latest cryocooler designs are also being used in the fabrication of semiconductor units as well as the levitation of magnetic trains, especially in Japan.

The Cryocooler Market is currently being dominated by the region of North America due to several factors. Cryocooler adoption for cancer treatment via proton therapy, monitoring of military satellites and the installation of cryogenic technology in aircraft carriers are the primary growth drivers in this region. Europe and Asia-Pacific are also expected to drive significant Cryocooler Market growth during the next few years.

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Segmentations & Key Players Involved in the Cryocooler Market

According to IndustryARC findings, the Cryocooler Market can be broken down into various segmentations on the basis of –

Temperature Ranges: 100K-300K, 50K-100K, 10K-50K, 5K-10K and 1K-5K.

Application: Superconducting Magnetic Energy Storage (SMES), Cryopumps, Superconducting Quantum Interference Devices (SQUID), Magnetic Resonance Imaging (MRI), Zero-Boil Off (ZBO) Storage Tanks, Spectrometers, Magnetic Levitation (Maglev) Devices, Infrared Detectors, Particle Accelerators, Magnetic Separators, Electric Motors & Generators, Transformers, Fault Current Limiter (FCL) and Others.

Regenerative Cryocooler: Stirling, Gifford-McMahon, Pulse Tube and Others.

Non-Regenerative Cryocooler: Joule-Thomson, Brayton and Claude.

Some of the key players involved in the Cryocooler Market according to IndustryARC are as follows:

Brooks Automation, Inc.

  • Chart Industries, Inc.
  • Air Liquide S.A.
  • L-3 Communications Holdings, Inc.
  • Lockheed Martin Corporation
  • Superconductor Technologies, Inc.

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