Global Cryogenic Storage Dewars Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cryogenic Storage Dewars Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Cryogenic Storage Dewars is a specialized type of vacuum flask storing cryogens (such as liquid nitrogen or liquid helium), whose boiling points are much lower than room temperature. All dewars have walls constructed from two or more layers, with a high vacuum maintained between the layers. This provides excellent thermal insulation between the interior and exterior of the dewar, which reduces the rate at which the contents boil away.

Market Overview:

The latest research study on the global Cryogenic Storage Dewars market finds that the global Cryogenic Storage Dewars market reached a value of USD 407.32 million in 2022. It’s expected that the market will achieve USD 666.39 million by 2028, exhibiting a CAGR of 8.55% during the forecast period.

Market Drivers
Analysis
Advantages of Cryogenic Storage Dewars
Cryogenic Storage Dewars are high-performance solutions for the safe handling and long-term storage of large and small quantities of liquid nitrogen and other liquid gases. Cryogenic Storage Dewars are constructed of high-density materials that are highly resistant and can even withstand chemicals or corrosive liquids. The wide or narrow mouth opening of the tank allows for easy transfer and pouring of cryogenic samples without spillage. Also, in general, Dewar designs take precautions to safely manage the gases released when liquids are slowly boiled. Therefore, Cryogenic Storage Dewars are used for the reliable and economical transport and storage of cryogenic liquid gases, as well as for the on-site storage and supply of cryogenic liquid gases in a wide range of applications. In the application process, Cryogenic Storage Dewars have several advantages. First, compared with compressed gas cylinders, Cryogenic Storage Dewars can hold a large amount of gas at relatively low pressure. Therefore, the storage area can be reduced, the operation of changing bottles can be reduced, and the work efficiency can be improved. Furthermore, it provides an easily manipulated cryogenic liquid source. Because Cryogenic Storage Dewars are solid and reliable, have a long retention time, and have a gas supply system, they can continuously output normal temperature gases (oxygen, nitrogen, argon) using their built-in vaporizers, fully meeting the gas consumption requirements under normal conditions. At the same time, Cryogenic Storage Dewars have the advantage of supplying gas with higher purity. Because the liquid gas is directly vaporized and supplied, it avoids the potential quality hazards caused by secondary pollution due to many links in the process of cylinder gas filling, transportation, and use. In general, in practical applications, Cryogenic Storage Dewars have many advantages, which is one of the important driving factors to promote the development of the market.
Market Restraints and Challenges
Brand Barriers
Cryogenic Storage Dewars are one of the major breakthrough inventions in the development of cryogenics and a key device for storing some common gases today. For example, in order to preserve liquid nitrogen, it must be stored safely using special equipment from Cryogenic Storage Dewars. Downstream customers tend to prefer big brand companies when choosing Cryogenic Storage Dewars. After years of precipitation and long-term accumulation, the big brand companies in the Cryogenic Storage Dewars market have established a strict product quality control system and a strong product research and development system. In the process of continuous promotion of products and brands, the company finally won the recognition of Cryogenic Storage Dewars from downstream customers. Once the corporate brand image is established, it will be more sticky to customers, and downstream customers will habitually consume products of well-known brands. When new entrants enter the market, they need the psychological cognition of downstream customers, and there are conversion costs. Therefore, if a new entrant wants to build a well-known brand in a short period of time, it needs a lot of publicity expenses and long-term technology accumulation. Therefore, branding is one of the significant barriers to entering the Cryogenic Storage Dewars industry.

Region Overview:

In 2022, the share of the Cryogenic Storage Dewars market in United States stood at 35.47%.

Company Overview:

MVE Biological Solutions offers a wide range of accessories for cryogenic freezers and aluminum Dewars. From racking systems to protective gear, from liquid nitrogen switchers to shipping options, the company's accessories make using cryogenic storage equipment safer, easier and more efficient. The MVE Series cryogenic freezers and aluminum Dewars are engineered for the highest reliability and maximum storage time at ultra-low temperatures, which are critical for preserving critical human and animal tissues and vaccines.

Thermo Fisher Scientific Inc. is the world's leading scientific services company. Thermo Fisher Scientific Inc.'s Laboratory Products and Biopharmaceutical Services segment offers nearly everything a laboratory needs. Thermo Fisher Scientific Inc. serves the pharmaceutical, biotechnology, academic, medical device, government, and other research and industrial markets, as well as the clinical laboratory market. Through five main businesses: Laboratory Products, Laboratory Research and Safe Market Channels, Pharmaceutical Services and Clinical Research.

MVE Biological Solutions is one of the major players operating in the Cryogenic Storage Dewars market, holding a share of 11.05% in 2023.

Segmentation Overview:

Liquid Nitrogen
Refers to products used to store liquid nitrogen.
Liquid Helium
Refers to products used to store liquid helium.

By type, Liquid Nitrogen segment accounted for the largest share of market in 2022.

Application Overview:

Clinical
Refers to products used in the medical field, such as liquid nitrogen-type products used to store research and biomedical samples.
Laboratories and Institutes
Refers to products used in the field of Laboratories and Institutes to store cryogenic liquids.

The market's largest segment by application is the segment Laboratories and Institutes, with a market share of 50.70% in 2022.

Key Companies in the global Cryogenic Storage Dewars market covered in Chapter 3:

Thermo Fisher Scientific Inc.
INOX India Pvt. Ltd.
Cryofab, Inc.
BioLife Solutions Inc.
KGW-Isotherm
MVE Biological Solutions
Xinxiang Chengde Energy Technology Equipment Co., Ltd.
Day-Impex Limited
CryoSafe
Statebourne Cryogenics Ltd
IC Biomedical, LLC.
Cryotherm GmbH & Co. KG

In Chapter 4 and Chapter 14.2, on the basis of types, the Cryogenic Storage Dewars market from 2018 to 2029 is primarily split into:

Liquid Nitrogen
Liquid Helium
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cryogenic Storage Dewars market from 2018 to 2029 covers:

Clinical
Laboratories and Institutes
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)