Global Cryocooler Market to Witness Robust Growth Through 2030 at 7.1% CAGR
The cryocooler market is projected to reach USD 4.90 billion by 2030 from the estimated USD 3.48 billion in 2025, at a CAGR of 7.1% during the forecast period. The market growth is driven by accelerating demand in the aerospace & defense sector, which is catalyzing sustained cryocooler adoption; rapid expansion of quantum computing, which is creating the need for advanced low-temperature...
Growing Demand in Space and Military Applications Paving a New Path for Cryocooler Market
Cryocooler is a refrigerator or a standalone cooler used for cooling materials at ultra-low or cryogenic temperatures as low as 150K where the gases are liquefied. It finds application in different industry verticals like military, space, medical, commercial, energy, and environmental, among others. Gifford-McMahon cryocoolers, Pulse-Tube cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers,...