Press release
Cryogenic Submerged Motor Pumps Market is Expected to Witness Healthy Growth at 3.5% CAGR through 2030
Cryogenic Submerged Motor Pumps Market
Global Cryogenic Submerged Motor Pumps supply-demand continues to be impacted by broader developments in the chemicals sector. The new Cryogenic Submerged Motor Pumps market research report outlines the key factors that will impact production, supply, and demand during the assessment period.
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The study tracks Cryogenic Submerged Motor Pumps demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Cryogenic Submerged Motor Pumps in particular.
How will Cryogenic Submerged Motor Pumps Sales Grow in 2021 and Beyond
The Cryogenic Submerged Motor Pumps industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Cryogenic Submerged Motor Pumps will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
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Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million. Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm. The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
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Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Key Cryogenic Submerged Motor Pumps Market Segments
By product, the key segments include,
• Centrifugal Pumps
• Reciprocating Pumps
By application, the key segments include
• LNG
• LPG
• Industrial Gases
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Cryogenic Submerged Motor Pumps companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
Read More Trending Reports of Fact.MR: -https://www.globenewswire.com/en/news-release/2019/10/10/1928090/0/en/Global-Magnesium-Sulphate-Market-to-Undergo-a-Paradigm-Shift-in-Nutraceuticals-Reveals-Fact-MR.html
Key Country-wise Inclusions
• US Cryogenic Submerged Motor Pumps Market
• Canada Cryogenic Submerged Motor Pumps Sales
• Germany Cryogenic Submerged Motor Pumps Production
• UK Cryogenic Submerged Motor Pumps Industry
• France Cryogenic Submerged Motor Pumps Market
• Spain Cryogenic Submerged Motor Pumps Supply-Demand
• Italy Cryogenic Submerged Motor Pumps Outlook
• Russia & Cis Market Analysis
• China Cryogenic Submerged Motor Pumps Market Intelligence
• India Cryogenic Submerged Motor Pumps Demand Assessment
• Japan Cryogenic Submerged Motor Pumps Supply Assessment
• ASEAN Cryogenic Submerged Motor Pumps Market Scenario
• Brazil Cryogenic Submerged Motor Pumps Sales Analysis
• Mexico Cryogenic Submerged Motor Pumps Sales Intelligence
• GCC Cryogenic Submerged Motor Pumps Market Assessment
• South Africa Cryogenic Submerged Motor Pumps Market Outlook
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