Cryogen Free Dilution Refrigerators Market Research Business Extensions, Directions and Developing Strategies From 2019–2027
Market Outlook:
The global cryogen free dilution refrigerators market was valued at USD 112.1 Million in 2019 and is projected to reach USD 211.4 Million by 2027, expanding at a CAGR of 9.1% during the forecast period. In terms of volume global cryogen free dilution refrigerators market is expected to expand at CAGR of 8.1% during the forecasted period. A cryogen free dilution refrigerator consists of a gas-handling system (GHS), an integrated pulse tube — dilution refrigerators (PT-DR UNIT), and a compressor for the pulse tube. These tubes and systems are coupled with each other by cables and flexible stainless-steel lines for the gauges and valves. Cryogen free dilution refrigerators come with various innovative features, which simplify operations and enhance their performance. A free dilution refrigerator is a system that uses double-still technology to accelerate the system’s cooling and allows rapidly changes in samples without wasting days for warming up and cooling up.
Market Dynamics
The market is driven by factors such as easy operation of cryogen free dilution refrigerators, provision of large experimental space, and growing use of single dilution in cryogen free dilution refrigerators. Conversely, higher vibration and pressure than conventional dilution refrigerators and less usage in low temperature experiments are likely to restrain the market. Rising R&D investments and growth in the manufacturing of cryogen free dilution refrigerators are creating opportunities in the market.
Segmental Outlook
By Types
Based on types, global cryogen free dilution refrigerators market is segmented 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.
Definitions
Base Temperature Less Than 10 mK
Refrigerators with base temperature less than 10 mK are used in astrophysics as a particle and intraparticle in physics as they require very high sensitivity and resolution to detect a minute energy deposition. In astrophysics millikelvin, varying temperatures are required in different experiments for the search of dark matter, detection of low-energy neutrons, X-ray astronomy, and β and γ spectroscopy. Moreover, astroparticle bolometric detector often depend on the use of the dilution refrigerators for providing a large cooling power at millikelvin temperatures.
Base Temperature Between 21–80 mK
Refrigerators with base temperatures ranging between 21mK and 80 mK are used in superconducting quantum circuits which need very low temperatures for performance. Moreover, this kind of temperature is required in space missions as its demand for the higher cooling power at the low temperature of 50 mK for a lifetime of five to ten years. This range of temperature is expected to be needed in future space missions such as IXO/ATHENA and SPICA.
Base Temperature Above 80 mK
Refrigerators with base temperatures above 80 mK are used in cosmic microwave background polarization observative for developing large-format detectors arrays. Cryogen free dilution refrigerators having a base temperature of above 80 mK are used in space applications for special purpose researches.
By Applications
On the basis of applications, the cryogen free dilution refrigerators market is segmented into nano research, quantum computing, low temperature detection, and others. The nano research segment is expected to hold a significant share of the market and is projected to expand at a substantial CAGR during the forecast period. The demand for cryogen free dilution refrigerators is expected to grow in the field of quantum computing, as they are able to provide cooling for experiments where the cooling power from the dilution refrigerators is insufficient to cool cables and amplifiers. Thus, the demand for cryogen free dilution refrigerators is projected to expand at a significant CAGR during the forecast period.
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Definitions
Nano Research
Nano research is a branch of science and it helps in revolutionizing and improving many industries and technology sectors such as environmental science, food safety, transportation, medicine, homeland security, and information technology. It is one of the emerging fields in science and can gain importance, as it can provide breakthroughs in various industries. In medical science, nano research offers various ranges of tools that are help the monitoring individual cells at an individual molecular level.
Quantum Computing
Quantum computing is a technological area which focuses on developing computer technology that is based on the principal of quantum theory. It explains the behavior of materials and energy on subatomic and atomic levels. Classical computers are used to encode information in bits that is 0 and 1. However, quantum computing uses quantum bits or qubits. Cryogen free dilution refrigerators 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.
Low Temperature Detection
Low temperatures detection is important for fields such as new material research (advanced superconductors), next-generation computers (quantum computers), elemental microanalysis, and astronomy (cosmic structure). Cryogen free dilution refrigerators are considered to be the solution that generate extremely low temperatures of 1 K to several 10 mK for developing next-generation technologies.
Covid-19 Impact
The recent outbreak of COVID-19 has had a huge impact on the overall market. According to the World Trade Organization, trade depends on the effectiveness of the policy responses and the duration of the outbreak. Inadequate ancillary supplies such as raw materials used for the manufacturing of cryogen-free dilution refrigerators are expected to hamper the market during the forecast period, as supply shortages lead to pricing volatility; however, this is expected to create opportunities for market participants. The crisis has forced some companies to think about changing their business models. The impact of COVID-19 has created opportunities in the market, as many countries are engaging in R&D activities that are directly helping to minimize the pandemic situation. Moreover, research activities are expected to completely recommence soon in several countries and the market is projected to grow at a sluggish pace in 2021, as many countries are moving toward unlocking of the lockdowns by following several rules and norms.
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Regional Outlook
Based on regions, the global cryogen free dilution refrigerators market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). North America holds a significant share of the global cryogen free dilution refrigerators market due to rising use of these refrigerators in various fields of technologies. This, in turn, is driving the growth of the market and encouraging technological development in this region. The market in Asia Pacific is estimated to expand at a significant CAGR during the forecast period, as countries such as China, Japan, and South Korea are investing in research & development to produce innovative products at low cost rather than importing or buying the technology.
Key Benefits for Industry Participants & Stakeholders
· In-depth analysis of the global cryogen free dilution refrigerators market
· Historical, current and projected market size in terms of value and Unit
· Potential & niche segments and Region exhibiting promising growth covered
· Industry drivers, restraints and opportunities covered in the study
· Recent industry trends and developments
· Competitive landscape & strategies of key players
· Neutral perspective on North America Cryogen Free Dilution Refrigerators Market performance
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