| Product Code: ETC8838924 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The cryogenic equipment market serves industries such as healthcare, food processing, and energy. With growing demand for LNG infrastructure and medical gases like oxygen and nitrogen, the Philippines is seeing increased interest in cryogenic tanks, valves, and freezers. Imports dominate the market, but local assembly is rising.
The market for cryogenic equipment is expanding with the growth of healthcare and industrial gas sectors. Demand is being driven by applications in medical oxygen storage, liquefied natural gas (LNG), and advanced research facilities that require ultra-low temperature solutions.
Cryogenic equipment markets are constrained by insufficient cold storage and liquefied gas infrastructure in the country. Operational safety risks and lack of trained personnel hinder adoption in both healthcare and industrial sectors. Import reliance and volatile currency exchange rates further inflate costs for buyers.
Cryogenic equipment, such as tanks, pumps, and vaporizers, is essential in industries like LNG, aerospace, and healthcare. Investors can look into supplying or manufacturing high-performance cryogenic systems. The countrys growing interest in LNG infrastructure and medical gas systems makes this a strategically important sector for capital infusion.
General cryogenic apparatus, including vessels and pumps, are regulated by EMB and Department of Trade and Industry standards. Safety compliance under DOLE ensures operator certification and facility safety. The government offers industrial incentives for equipment enhancing manufacturing and scientific capabilities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Cryogenic Equipment Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cryogenic Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cryogenic Equipment Market - Industry Life Cycle |
3.4 Philippines Cryogenic Equipment Market - Porter's Five Forces |
3.5 Philippines Cryogenic Equipment Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
3.6 Philippines Cryogenic Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Cryogenic Equipment Market Revenues & Volume Share, By Gas Used, 2021 & 2031F |
3.8 Philippines Cryogenic Equipment Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Philippines Cryogenic Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the healthcare sector for cryogenic equipment in the Philippines |
4.2.2 Increasing adoption of cryogenic technology in industrial processes |
4.2.3 Government initiatives promoting the use of cryogenic equipment for research and development purposes |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with cryogenic equipment |
4.3.2 Lack of skilled professionals for operating and maintaining cryogenic equipment |
4.3.3 Stringent regulations and safety concerns related to the handling of cryogenic equipment in the Philippines |
5 Philippines Cryogenic Equipment Market Trends |
6 Philippines Cryogenic Equipment Market, By Types |
6.1 Philippines Cryogenic Equipment Market, By Equipment |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cryogenic Equipment Market Revenues & Volume, By Equipment, 2021- 2031F |
6.1.3 Philippines Cryogenic Equipment Market Revenues & Volume, By Tank, 2021- 2031F |
6.1.4 Philippines Cryogenic Equipment Market Revenues & Volume, By Pumps, 2021- 2031F |
6.1.5 Philippines Cryogenic Equipment Market Revenues & Volume, By Heat Exchanger, 2021- 2031F |
6.1.6 Philippines Cryogenic Equipment Market Revenues & Volume, By Valves, 2021- 2031F |
6.1.7 Philippines Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Cryogenic Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Cryogenic Equipment Market Revenues & Volume, By Storage, 2021- 2031F |
6.2.3 Philippines Cryogenic Equipment Market Revenues & Volume, By Transportation and Distribution, 2021- 2031F |
6.2.4 Philippines Cryogenic Equipment Market Revenues & Volume, By Processing, 2021- 2031F |
6.2.5 Philippines Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Cryogenic Equipment Market, By Gas Used |
6.3.1 Overview and Analysis |
6.3.2 Philippines Cryogenic Equipment Market Revenues & Volume, By Liquefied Nitrogen, 2021- 2031F |
6.3.3 Philippines Cryogenic Equipment Market Revenues & Volume, By Liquefied Helium, 2021- 2031F |
6.3.4 Philippines Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Philippines Cryogenic Equipment Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Philippines Cryogenic Equipment Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.4.3 Philippines Cryogenic Equipment Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.4.4 Philippines Cryogenic Equipment Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.4.5 Philippines Cryogenic Equipment Market Revenues & Volume, By Marine and Aerospace, 2021- 2031F |
6.4.6 Philippines Cryogenic Equipment Market Revenues & Volume, By Chemical and Healthcare, 2021- 2031F |
6.4.7 Philippines Cryogenic Equipment Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Cryogenic Equipment Market Import-Export Trade Statistics |
7.1 Philippines Cryogenic Equipment Market Export to Major Countries |
7.2 Philippines Cryogenic Equipment Market Imports from Major Countries |
8 Philippines Cryogenic Equipment Market Key Performance Indicators |
8.1 Percentage increase in the number of healthcare facilities using cryogenic equipment |
8.2 Growth in the number of industrial applications utilizing cryogenic technology |
8.3 Number of government-funded projects involving the use of cryogenic equipment |
8.4 Rate of adoption of training programs for cryogenic equipment operation and maintenance |
8.5 Compliance rate with safety regulations and standards for cryogenic equipment handling |
9 Philippines Cryogenic Equipment Market - Opportunity Assessment |
9.1 Philippines Cryogenic Equipment Market Opportunity Assessment, By Equipment, 2021 & 2031F |
9.2 Philippines Cryogenic Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Cryogenic Equipment Market Opportunity Assessment, By Gas Used, 2021 & 2031F |
9.4 Philippines Cryogenic Equipment Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Philippines Cryogenic Equipment Market - Competitive Landscape |
10.1 Philippines Cryogenic Equipment Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cryogenic Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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