Cryocoolers Market Is Expected to Grow At A CAGR Of 9.3% During The Forecast Period 2019 – 2027

Sumitomo Heavy Industries, Ltd., Sunpower Inc., And Air Liquide – Prominent Market Participants In Cryocoolers Market

The cryocoolers market is highly competitive in nature with considerable number of players, having a high level of dominance over the overall revenue share. Most of the companies operating in the cryocoolers market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

The most prominent market players in cryocoolers market Advanced Research Systems, Inc., Brooks Automation Inc., Chart Industries Inc., Cryomech Inc., Northrop Grumman Corporation, RICOR – Cryogenic & Vacuum Systems, Sumitomo Heavy Industries, Ltd., Sunpower Inc. (Ametek Inc.), Superconductor Technologies Inc., and Thales Group among others for a considerable share of the market owing to their product offerings to the market.

Market leaders are involved in extensive research for the development of new products with advanced technology. For instance, in 2018 Sunpower launched Active Vibration Cancellation for CryoTel MT, CT, and GT cryocoolers. The AVC system’s active balancer uses a feedback signal from an accelerometer to cancel the first 10 harmonics of the 60 Hz operation of the cryocooler, minimizing vibration at the cold tip as well as exported vibration to its mounting structure.  Subsequently, introduction of such advanced innovation are expected to provide this market with lucrative growth opportunities.

Many well-known as well as small local companies are present in the cryocoolers market to provide diversified product to its customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of new technological solutions to enhance its product portfolio and expand its footprint in different geographies. Few on the important market initiative from the industry are mentioned below:

Year News Country
2018 Chart Industries, Inc. acquired VRV S.r.l. and its subsidiaries, a MNC engaged in design and manufacture of pressure equipment serving the Cryogenic and Energy & Petrochemical end markets. North America
2018 Brooks Automation, Inc. announced that it has entered into a definitive agreement to sell its semiconductor cryogenics business to Edwards Vacuum LLC (a member of the Atlas Copco Group) for $675 million in cash. The acquisition includes cryopump operations in Chelmsford and Monterrey, Mexico, as well as a worldwide network of sales and service centers. The acquired business will become part of the semiconductor and semiconductor service divisions within Atlas Copco’s vacuum technique business area. North America
2018 Thales Cryogenics launched Cryo Test Bench. This new product allows for rapid and hassle-free prototype testing for electronics at cryogenic temperatures all the way down to 65 Kelvin. Europe
2017 Ricor has introduced 1W@80K split linear stirling cryocooler. The cooler facilitates prolonged ambient temperature -50°C up to 85°C, MTTF goal 30,000hr. It is a solution for the responsive SPACE. Europe


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