Cryogenic technology involves production, maintenance, and application of low temperatures below 150⁰F. This technology has increased its scope of application from cold storage to core processes in various end-user industries. The petrochemical and chemical industry holds a major revenue share in the global cryogenic equipment market. The applications of cryogenic equipment such as valves, pumps, vaporizers, and storage tanks in the petrochemical and chemical industry play a crucial role in maintaining the temperature of LNG and preventing leakages.

Hay is grass or legumes that have been cut, dried, stored, and transformed into bales for feeding livestock. It is used as animal fodder when animals are not able to graze due to unsuitable weather or when they are kept in stables or barns. Haying machinery is used to cut the crops, which are then stored in the form of silage or bales. Forage is plant material that livestock graze on. Forage machinery is widely used for harvesting forage grains. The North American haying and forage machinery market constitutes a dominant part of the global haying and forage machinery market that accounts for a small portion, i.e., 7.78% of the global agricultural machinery market.

Casting designs have evolved over time, and the need for lower weight metal parts has increased, especially in the automotive industry. Small and accurate cores are required to create specialized structures with thin walls as minimum as 4 mm. However, small cores are delicate and liable to crack, which results in scrap production. Fine scraps are usually undetectable until the last stage, even by using techniques like x-ray analysis. Contamination by scraps renders the thin wall castings futile and significantly increases the expenditure of the automotive industry. Hence, small core setting and handling is best undertaken by industrial robots, which can perform this task with delicacy and accuracy. Robots can transport cores to molding machines without any breakage or scrap formation. They ensure accurate setting of the core into the permanent mold.

行业格局保障龙头议价权，有能力转嫁原材料价格上涨压力，但最终取决于龙头的策略选择。

在家用电器普及率日渐饱和，行业整体增速放缓的大环境下，厨电细分板块仍具有较大的成长空间，龙头整合空间大；空调行业经历去库存周期后迎来拐点，预计基于目前的低基数未来将放量增长。