Press release
Cryogenic Pump Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
A cryogenic pump refers to a vacuum pump that freezes, traps, and absorbs gases by condensing them on cold surfaces at a very low temperature. It comprises of a diffuser, unit displacer, impellers, etc. A cryogenic pump is manufactured by using special elastomers that are hermetically sealed to avoid leakage. It is commonly available in entrapment, kinetic, and positive displacement pump types designed to move coolants and cryogenic liquids. A cryogenic pump is cost-effective and provides high pumping speed as well as safety against power breakdown and oil contamination. Consequently, it finds extensive applications in several industries, including chemical, electronics, healthcare, etc. In line with this, a cryogenic pump is widely utilized in cooling synchrotron beamline crystals and superconducting cables.
Global Cryogenic Pump Market Trends and Drivers:
The escalating demand for gas-based power generation is primarily driving the cryogenic pump market. Additionally, the widespread adoption of liquified petroleum gas or LPG, owing to its safety and efficiency in transportation, is further catalyzing the market growth. Besides this, the growing utilization of cryogenic pumps to create a high vacuum in the proton therapy systems is acting as another significant growth-inducing factor.
Moreover, the launch of numerous favorable policies by government bodies across countries to reduce levels of carbon emissions is also positively influencing the global market. Apart from this, the introduction of scroll product variants that are capable of tapping volatile liquids is anticipated to fuel the cryogenic pump market over the forecasted period.
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Global Cryogenic Pump Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Atlas Copco, Cryostar SAS (Linde plc), Ebara Corporation, Fives (Novafives S.A.S.), Flowserve Corporation, Nikkiso Co. Ltd, PHPK Technologies Inc., Ruhrpumpen Group (Corporación EG), Sulzer Ltd., Sumitomo Heavy Industries Ltd and Weir Group PLC.
The report has segmented the market on the basis of region, type and end use industry.
Breakup by Type:
• Centrifugal Pump
• Positive Displacement Pump
Breakup by End Use Industry:
• Energy and Power Generation Industry
• Healthcare Industry
• Electricals and Electronics Industry
• Metallurgy Industry
• Chemicals
• Others
Breakup by Sales Channel:
• Original Equipment Manufacturers
• Aftermarket
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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