Press release
Cryogenic Pump Market Is Addressing, Says Research | Sumitomo Heavy Industries, Flowserve Corporation
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Cryogenic pump is a special type of centrifugal pump used in industries to pump low-temperature liquids and coolants. It is made up of special elastomers and is hermetically sealed to withstand low temperatures and avoid heat leakage. These pumps consist of one or more impellers and a diffuser. Velocity inside a cryogenic pump is converted into pressure through diffusion process. The cryogenic pump designing technology has uniquely clubbed technological vacuum considerations and cryogenic aspects. They are used for refrigeration purposes with the help of cryogenic gases such as liquid nitrogen, argon, and others.
Increase in demand for medical gases, renewable-based generation of electricity, and rise in investments in infrastructure are the major factors that drive the growth of the cryogenic pump market. Furthermore, rise in use of liquefied natural gases in the power generation sector is expected to boost the market growth. In addition, increase in applications of cryogenic pumps in other sectors, such as electronics and chemicals, supplements the growth of the market. However, reduction of steel plants negatively affects the growth of this market, as cryogenic pumps are widely used in steel plants for transfer of cryogenic gases for industrial use.
The report segments the cryogenic pump market based on type, gas, end-use industry, and region. Based on type, the market is categorized into positive displacement pumps, kinetic pumps, and entrapment pumps. Depending on cryogenic gas, it is classified into nitrogen, hydrogen, helium, argon, and others.
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The end-use industry covered in the study include healthcare, power generation industry, electrical & electronics industry, metallurgy industry, and others. Based on region, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report entails the detailed quantitative analysis of current trends and future estimations from 2017 to 2023, which assist to identify the prevailing market opportunities to capitalize on the global cryogenic pump market.
In-depth coverage of the market including drivers, restraints, and opportunities helps professionals to better understand the market behavior.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
Porter's Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
Pinpoint analysis of geographical segments helps to identify opportunities for growth within the market.
Major players operating in this market include the following:
Sumitomo Heavy Industries Ltd.
Flowserve Corporation
Ebara Corporation
Linde Group
Nikkiso Co. Ltd.
Brooks Automation Inc.
PHPK Technologies Inc.
Global Tech India Pvt. Ltd.,
Technex Limited
Fives S.A.
KEY PLAYERS
ACD LLC
Austin Cryogenics Company
Helix Technology Corp.
Polycold Systems
Ruhrpumpen Inc.
Sehwa Tech Inc.
SHI Cryogenics Group.
KEY MARKET SEGMENTS
By Type
Positive Displacement Pumps
Kinetic Pumps
Entrapment Pumps
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By Gas
Nitrogen
Hydrogen
Helium
Argon
Others
By End-Use Industry
Healthcare Industry
Power Generation Industry
Electrical & Electronics Industry
Metallurgy Industry
Others
By Region
North America
U.S.
Canada
Mexico
Others
Europe
Germany
UK
Italy
Others
Asia-Pacific
China
India
Japan
Others
LAMEA
South Africa
Brazil
Turkey
Others
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