According to Fact.MR- a market research and competitive intelligence firm-global demand for cold traps is projected to surge positive through 2021 and beyond.
Resumption of industrial activities in certain regions amid receding effects of the COVID-19 pandemic acts as one of the principal determinants of this future positive outlook.
Historical data from 2016 to 2020 and estimates for 2021 to 2031 are included in the cold trap industry study report.
Key Developments by Cold Trap Manufacturers
In February 2020, Sumitomo Cryogenics of America Inc. (SCAI) collaborated with Quantum Design (QD) to debut its double-inverter helium compressor at the 2020 American Physical Society (APS) March Meeting in Denver, United States.
The new R-98 compressor consists of SHI’s Gifford-McMahon and Pulse Tube two-stage cryo-coolers. The new compressor represents the state of the art in energy smart helium compressors which reduce operating costs of cryogenically cooled instrumentation.
Likewise, Huber’s CT50 Single OLÉ cold trap makes evaporation operations in the lab much easier and less expensive. It was created specifically for high-efficiency solvent recovery in laboratory settings.
It can be used with rotary evaporators or any other solvent recovery application that requires low temperatures. It provides direct, quick cooling while still being economical to operate. Its small size means it takes up little room on the laboratory bench
Simialrly, Labconco’s CentriVap-105C Cold Trap captures evaporated liquid from a CentriVap Concentrator, shielding an accessory vacuum pump and the laboratory environment from the corrosive effects of vapors and fumes released from liquids with very low freezing points..
Know More Details About the Report
A cold trap is a device that is used in vacuum applications to collect gases by condensing them on a cooled surface at low temperature. However, the efficiency of a cold trap is dependent upon the freezing and boiling temperature of the gases involved.
Cold traps find wide application in the transportation and handling of fluids such as nitrogen, hydrogen, liquefied hydrocarbons, and argon.
Owing to their high reliability, pumping speeds, and cleanliness, cold traps offer vacuum pumping methods of choice for several ultra-high-vacuum and high-vacuum applications.
At lower temperatures, a cold trap can pump almost all gases, including noble gases. As the demand for liquid gases increases across different industries, the usage of cold traps becomes inevitable.
The global cold trap market is majorly driven by the increasing demand across key end-use industries such as chemicals, healthcare, metallurgy, energy, and power.
Across the globe, increase in the demand for liquefied natural gas (LNG) as a fuel in domestic applications and increase in gas-based generation are the main factors that drive cold traps adoption.
As industrial processes evolve, usage of liquid gases for production processes is inclining. This is generating high demand for cold traps during the forecast period.
Furthermore, a recovering steel industry is expected to drive the demand for cold traps, as cryogenic gases are essentially used to create durable steel structures.
Nevertheless, during the forecast period, increasing focus on solar power generation is expected to provide potential opportunities for the expansion of the cold trap market.
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The global cold trap market is segmented into seven regions: Latin America (Brazil, Mexico), North America (USA, Canada), Europe (Germany, Spain, UK, France and Russia), Middle East and Africa (GCC, North Africa and South Africa), South Asia (India, Thailand, Malaysia, Indonesia, and Rest of South Asia), East Asia (China, Japan and South Korea), and Oceania (New Zealand and Australia).
During the forecast period, demand for cold traps is projected to rise in the Asia Pacific region, owing to increase in power demand and industrialization.
The demand for storing and shipping liquefied natural gas (LNG) is growing from economies such as India, China, and other Asian countries, which, in turn, drives the growth of the Asia Pacific cold trap market.
Furthermore, rising investments in the infrastructure sector and growth in focus towards electricity generation are anticipated to provide considerable growth opportunities to the cold trap market.
Regions such as North America and Western Europe are trailing behind, considering the demand for cold traps, and the markets in these regions are anticipated to expand throughout the forecast period.
Moreover, owing to the growing need to handle LNG and oil & gas in a region like MEA, this market is also expected to account for considerable market share in global cold trap market during the forecast period.
Prominent players in the global cold trap market are as follows:
- UniEquip Laborgerätebau- und Vertriebs GmbH
- ACD Cryo AG
- Flowserve Corporation
- Brooks Automation Inc.
- Global Tech India Pvt. Ltd
- Cryostar SAS
- Ebara Corporation
- Nikkiso Co. Ltd.
- Technex Limited
- Linde Group
The research report presents a comprehensive assessment of the cold trap market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The cold trap market report provides analysis and information according to market segments such as functionality, gas, and end-use industry.
An Adaptive Approach to Modern-day Research Needs
Report Covers Exhaustive Analysis On:
- Market Segments in the Cold Trap Market
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Cold Trap Market
- Value Chain of the Cold Trap Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The cold trap market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The cold trap market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment.
The cold trap market report also maps the qualitative impact of various market factors on market segments and geographies.
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- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The global cold trap market is segmented on the basis of functionality, gas, and end-use industry.
Based on functionality, the global cold trap market is segmented as:
- Centrifugal Displacement
- Positive Displacement
Based on gas, the global cold trap market is segmented as:
Based on end-use industry, the global cold trap market is segmented as:
- Energy & Power Generation
- Electricals & Electronics
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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