As per the research conducted by GME, the Global Cryogenic Equipment Market is estimated to be valued at USD 21.54 billion in 2021 and is projected to reach USD 30.21 billion by 2026 at a CAGR of 7%. The global market development will be fueled by continuous investments in expanding incumbent manufacturing facilities, as well as favorable government policies in developing countries. Additionally, higher FDI contributions in combination with growing domestic investments in the creation of new industrial plants will encourage product penetration.