Cryogenic Pumps Market Size, Latest Insights, Global Trends, Key Segments, Growth Rate And Forecast To 2031: Ebara Corporation, Fives Group SAS, Nikkiso Co., Ltd., PHPK Technologies, Ruhrpumpen Group

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The global cryogenic pumps market report by the business research company identifies the rise in electricity generation from renewable resources to be a major growth driver for the cryogenic pumps market. Electricity generation from renewable resources refers to clean energy that is collected from renewable resources such as biomass energy, hydropower, geothermal power, wind energy, and solar energy. Cryogenic pumps are used to generate renewable electricity by the depressurization of high-pressure gases using power production equipment, resulting in the generation of electricity. For instance, in 2020, according to the International Energy Agency, a France-based global energy system intergovernmental organisation, renewable energy use increased by 3% in the year 2020 due to a 7% growth in electricity generation from renewable sources.

The global cryogenic pump market size is expected to grow from $2.04 billion in 2021 to $2.13 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The cryogenic pump market is expected to grow to $2.63 billion in 2026 at a CAGR of 5.4%.

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Asia-Pacific was the largest region in the cryogenic pump market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this cryogenic pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the cryogenic pump market are Ebara Corporation, Fives Group SAS, Nikkiso Co., Ltd., PHPK Technologies, Ruhrpumpen Group, SHI Cryogenics Group, Trillium Flow Technologies, Sumitomo Heavy Industries Ltd., Barber-Nichols, CryoVation LLC., CS&P Technologies LP.

The global cryogenic pump market is segmented -
1) By Type: Positive Displacement Pump, Centrifugal Pump
2) By Cryogen Type: Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other Cryogen Type
3) By Orientation: Horizontal, Vertical
4) By End-User: Oil And Gas, Metallurgy, Power Generation, Chemical And Petro Chemical, Marine, Other End-User

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The Cryogenic Pumps Market Report Contents Include
1. Executive Summary
2. Cryogenic Pumps Market Characteristics
3. Cryogenic Pumps Market Trends And Strategies
4. Cryogenic Pumps Market - Macro Economic Scenario
5. Cryogenic Pumps Market Size And Growth
....
27. Cryogenic Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cryogenic Pumps Market
29. Cryogenic Pumps Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the cryogenic pumps market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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