According to a recent market study published by Growth Market Reports, titled, “Global Cryogen Free Dilution Refrigerators Market by Types, Applications, and Region: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 112.1 Million in 2019 and is anticipated to expand at a CAGR of 9.1% between 2020 and 2027. On the basis of volume, global cryogen free dilution refrigerators market is anticipated to expand at a CAGR of 8.1% during the forecast period. Rise in the investment in R&D for developing quantum computing applications and quantum computer is expected to increases the demand for cryogen free dilution refrigerators.

The global cryogen free dilution refrigerators market is segmented into types, applications, and regions. On the basis of types, the market has been divided into base temperature less than 10 mK, base temperature between 10 - 20 mK, base temperature between 21 - 80 mK, and base temperature above 80 mK. In terms of applications, the global cryogen free dilution refrigerators market has classified as nano research, quantum computing, low temperature detection, and others. By region cryogen free dilution refrigerators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). The European region is further categorized into Germany, France, U.K., Spain, Russia, and Rest of Europe, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

Request a free sample copy: https://growthmarketreports.com/request-sample/207

Cryogen free dilution refrigerators have become one of the integral and dominant components in the technological world owing to their effectiveness in cooling technical parts for relevant research fields. In the last few years, the use of cryogen free dilution refrigerators has been useful in various scientific quantum computers around the world, as it helps detect the behavior and nature of energy and matter at the quantum level. Cryogen free dilution refrigerators use Helium-4 and Helium-3 isotopes in the place of liquid helium and liquid nitrogen for continuous & excessive cooling.

As per Growth Market Reports' industry analyst Akshay Udavant, “The global cryogen free dilution refrigerators market is anticipated to grow at a substantial pace during forecast period, from 2020 to 2027 due to the growing use of single of dilution in cryogen free dilution refrigerators and by providing large experimental space and volume than conventional refrigerators. Moreover, growth in the investment in R&D sector by the governments of various countries is projected to provides opportunities for increasing buying the cryogen free dilution refrigerators market.”

Key Takeaways from the Study:

  • The U.K. based company; Oxford Instruments held about one fifth of the global cryogen free dilution refrigerators market in 2019 compared to other players in the market.
  • The base temperature less than 10 mK segment is expected to hold majority share of the market in 2020 owing to its property of rapidly changing samples of the material without spending extra days for temperature change.
  • The nano research segment holds most share of the market in 2020 and it is expected to expand at a substantial CAGR during the forecast period. The quantum computing segment is projected to expand at significant pace during the forecast period as are used to cool processors that are required for quantum computing and are used in quantum-optical studies for the analysis of luminescence centers in silicon.
  • The Europe is a promising region of the market. The region constituted major share of the global market in 2020. The demand for cryogen free dilution refrigerators is projected to grow due to the presence of various cryogen free dilution refrigerators companies such as CryoVac GmbH & Co, ICE oxford Ltd, Hall Scientific Ltd, Cryoconcept, and Oxford Instruments.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 112.9 Million

Market Growth Rate (from 2020 to 2027)

9.1%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million) and Volume (Units)

Market Segments

Types and Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

The US., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, U.K., Russia, and Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Bluefors Oy, Oxford Instruments, Leiden Cryogenics BV, Lakeshore (Janis Research), Cryomagnetics, Inc Ulvac Cryogenics, Cryoconcept, Taiyo Nippon Sanso
Quantum Design, LTLab, Inc., Hall Scientific Ltd.
ICE Oxford Ltd., Cryo Industries of America, Inc, CryoVac GmbH & Co. KG, and Cryogenic Limited

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements

Target Audience:

  • Supply-side: Cryogen free dilution refrigerators manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Nano research, quantum computing, low temperature detection, astrophysics, and others
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Quantum Computing Association ‐ EPFL, Stanford Quantum Computing Association, International Association of Computer Engineering – IRASEAT, Cryogenic Society of America, International Association of Nanotechnology (IANT) and others.