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Cryogen Free Dilution Refrigerators Market Size Forecast to Reach $210 Million by 2026

(, November 22, 2021 ) The Global Cryogen Free Dilution Refrigerators market size is forecast to reach $210 million by 2026, growing at a CAGR of 9.2% from 2021 to 2026. Cryogen-free dilution refrigerators use Helium-3 and Helium-4 isotopes for excessive, continuous cooling need. Cryogen-free dilution refrigerators (DR) are quickly becoming the dominant technique for reaching millikelvin temperatures because they avoid the requirement for on-site helium liquefaction and are easier to use than traditional dilution units. A 2-stage pulse tube cooler capable of reaching temperatures about 3 K at its cold end replaces the pre-cooling typically supplied by a liquid helium bath and a 1 K pot. These refrigerators are used to cool critical computer components such as computer chips, photonics, spintronics, and other condensed matter. These are also useful in areas including quantum computing and nuclear research, where product cooling is critical. The employment in areas such as space and innovation, among others, are significant growth drivers for the cryogen free dilution refrigerators market. The constant need for a substance, commodity or invention to supplement cooling of objects at a specific desired level, efficient storage facility for liquid nitrogen, and liquid helium in interstellar operations and failure of cooling powder as a cooling agent in advanced operations are the prominent factors driving the cryogen free dilution refrigerators market and stroking it with abundant demand.

Cryogen Free Dilution Refrigerators Market Segment Analysis - By Base Temperature

The base temperature less than 10 mK is held the highest market share in 2020 of around 42%. Refrigerators with a base temperature of less than 10 mK are employed as a particle and intraparticle in physics in astrophysics because they require extreme sensitivity and resolution to detect minute energy depositions. Various temperatures are required in different experiments in astrophysics millikelvin in the hunt for dark matter, detection of low-energy neutrons, X-ray astronomy, and spectrometry. Moreover, astroparticle bolometric detector often depends on the use of the dilution refrigerators for providing a large cooling power at millikelvin temperatures. In October 2020, Oxford Instruments released world’s coldest cryofree dilution refrigerator, enabling the next generation of Qubits. The Proteox5mK makes use of Oxford Instruments' most powerful dilution unit and active gas gap heat switches to reach base temperatures of less than 5 mK, the lowest continuous base temperature possible in any dilution refrigerator. Low temperatures are required to show tiny quantum effects that are obscured by thermal noise. The lower a material's temperature, the more underlying quantum characteristics can be resolved, and the more researchers can learn about these new materials. Using the Fractional Quantum Hall Effect, researchers may characterize unusual quantum states like Majorana Fermions and Fibonacci Particles by combining low electron temperatures with strong magnetic fields. All such factors together leverages a positive impact on the market growth.

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Cryogen Free Dilution Refrigerators market Segment Analysis - By Application Type

Nano research segment held the highest market share in 2020 with CAGR 24% during the forecast period 2021-2026. Nano research is a field of science that aids in the revolutionization and improvement of a variety of businesses and technological sectors, including environmental science, food safety, transportation, medical, homeland security, and information technology. It is one of the most rapidly developing disciplines of research, with the potential to revolutionize a variety of sectors. Nanotechnology offers a variety of techniques for monitoring individual cells at the molecular level in medical science. Additionally, The National Nanotechnology Initiative (NNI), the U.S. Government R&D initiative, received more than requested funds from the government in 2017 and 2018, accounting for $1.4 billion in 2018, and $1.2 billion in 2017. Federal organizations with the largest share of investments are the Department of Health and Human Science (HHS), the National Science Foundation (NSF), the Department of Energy (DOE), the Department of Defense (DOD) and the Department of Commerce (DOC). For 2019, NNI provided an expenditure plan, which involved awarding 39% for foundational research, 28% for developing applications and devices, and 16% for infrastructure and instrumentation. Such funding and investments in years ahead is anticipated to boost the market growth during the forecast period.

Cryogen Free Dilution Refrigerators market Segment Analysis - Geography

North America held the highest market share in 2020 of around 35%. The growing usage of Cryogen Free Dilution Refrigerators in different sectors of technology is driving market expansion in this area. The market's expansion is aided by the presence of key market players as well as increasing research and development expenditure. When compared to other competitors in the market, Oxford Instruments, headquartered in the United Kingdom, owned the largest share of the global cryogen free dilution refrigerators market in 2020. This, in turn, is driving the growth of the market and encouraging technological development in this region. In September 2020, Rigetti UK announced that it lead a £10 million consortium to accelerate the commercialisation of quantum computing in the UK. The three-year programme will build and operate the first quantum computer in the UK, make it available to partners and customers over the cloud, and pursue practical applications in machine learning, materials simulation, and finance. Such investments in quantum computing leads to rise in application of Cryogen Free Dilution Refrigerators which in turn positively impact the market growth. The market in APAC is estimated to expand at a significant rate during the forecast period, as countries such as China, Japan, South Korea and others are investing in research & development to produce innovative products at low cost rather than importing or buying the technology.

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Cryogen Free Dilution Refrigerators market Drivers

Rising application for Quantum Computing is expected to drive the Cryogen Free Dilution Refrigerators market

Quantum computing is a branch of technology that focuses on the development of computer technology based on quantum theory's principles. It describes how materials and energy behave at the subatomic and atomic levels. Cryogen-free dilution coolers are used in quantum-optical investigations for the study of luminescence centres in silicon and to chill processors that are necessary for quantum computing. In the realm of quantum computing, demand for cryogen-free dilution refrigerators is projected to rise as they can provide cooling for experiments where the dilution refrigerators' cooling power is insufficient to cool cables and amplifiers. As a result, throughout the projected timeframe 2021-2026, demand for cryogen-free dilution refrigerators is expected to grow considerably.

High cooling power can be obtained even in low temperature region

The only technology that produces temperatures between 0.3 K and 0.005 K for indefinite working durations is helium-3,4 cryogen free dilution refrigeration, which is essential for low temperature research and engineering. Traditional cryostats with liquid helium precooling are set to be replaced with cryogen-free dilution refrigerators. A two-stage pulse tube cryocooler is always used to precool the dilution circuit. As a result, the experimentalist has refrigeration capabilities at the temperatures of the two stages of the pulse tube cooler, as well as three dilution circuit temperatures (0.7 K - still, 0.1 K - heat exchanger, and 0.01 K - mixing chamber). Consequently, availability of high cooling power even at low temperature aids to the up liftment of the market growth.

Modern dilution refrigerators can use a cryocooler instead of liquid nitrogen, liquid helium, and a 1 K bath to precool the 3He. Dry cryostats do not require an external source of cryogenic fluid and may be highly automated. Dry cryostats, on the other hand, have significant energy needs and vulnerable to mechanical vibrations, such as those produced by pulse tube freezers. The pulse tube refrigerator in the integrated cryogen-free dilution refrigerator transmits micro vibrations to the dilution refrigerator main unit. The pulse tube refrigerator's micro vibrations have a considerable impact on the temperature of the mixing chambers at the temperature of the integrated cryogen-free dilution refrigerator. This affects the performance of the dilution refrigerators which turn restrains the market growth.

Cryogen Free Dilution Refrigerators Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Cryogen Free Dilution Refrigerators market. As of 2020, the market for Cryogen Free Dilution Refrigerators market is consolidated with the top players including Oxford Instruments, BlueFors, Janis Research, Cryomagnetics, Hall Scientific, ICE Oxford, Cryoconcept, Leiden Cryogenics, and Quantum Design and among others.

Acquisitions/Technology Launches/Partnerships

In March 2021, Oxford Instruments NanoScience announced the launch of its latest innovation in Cryofree dilution refrigerator technology for quantum computing scale-up, the ProteoxLX, as well as a new quantum computing customer collaboration in Asia.

In August 2020, Lake Shore Cryotronics, a leading innovator in solutions for precise, highly accurate measurement under variable temperature and magnetic field conditions, announced the acquisition of Janis Research’s Laboratory Cryogenics business — a move that unites two of the world’s leading providers of cryogenic and material characterization solutions for low-temperature research..

Key Takeaways

The base temperature less than 10 mK segment is projected to account for the bulk of the market in 2020 due to its ability to swiftly shift samples of the material without requiring additional days for temperature change.

The quantum computing industry is estimated to grow at a rapid rate throughout the forecast period, as they are utilized to cool quantum computing processors and in quantum-optical research for the study of luminescence centres in silicon.

APAC region is anticipated to dominate the global Cryogen Free Dilution Refrigerators market in the forecast period 2020-2025 owing to rising industrialization, economic development and others. The manufacturers in this region are strengthening indigenous R&D efforts for technological advancements.

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Venkat Reddy

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Source: EmailWire.Com

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