CRYOCOOLER MARKET ANALYSIS
The global cryocooler market size was valued at USD 2,401.3 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.8 % from 2023 to 2030. The major drivers of this market include growing demand for liquefied natural gas, high adoption of cryocoolers in superconducting magnets, and the rising investment in defense technology support. The thriving healthcare industry, technological advancements in the military and defense sector, and the increase in R&D activities in space is also expected to drive growth of the market in the coming future.
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