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Global Cryocooler Market was valued US$ 2.3Bn in 2017, and is expected to reach US$ 3.9Bn by 2026, at CAGR of 6.82% during forecast period.

A cryocooler is a mechanical device which generates low temperature owing to compression and expansion of a gas. Cryocoolers capable of producing temperatures as low as 77 K or else 4.2 K are used to replace the cryogens. Cryocoolers are used in space, gas, medicine, superconductivity etc. applications.

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