Press release
Cryogenic Pump Market: Pumping the Future | North America Dominate by US
A cryogenic pump is a type of pump designed to handle and move cryogenic fluids, which are substances with extremely low temperatures, typically below -150 degrees Celsius (-238 degrees Fahrenheit). Cryogenic pumps are used in various industrial applications where the handling of liquefied gases, such as liquid nitrogen, liquid oxygen, or liquefied natural gas (LNG), is required.
Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/1572
North America region registered the highest market share and is projected to maintain the same during the forecast period.
Top Companies
Atlas Copco AB, Ebara Corporation, Cryostar, Fives, Flowserve Corporation, Gemmecotti Srl, Nikkiso Co., Ltd., Ruhrpumpen, SHI Cryogenics Group, and Trillium Flow Technologies.
Depending on type, the kinetic pump segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
As per application, LNG segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
According to end-use industry, energy & power segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
Rise in demand for oil & gas and growth in expansion of energy infrastructure led to increase in demand for cryogenic pumps which, in turn, drives the cryogenic pump market growth.
Cryogenic pump is a vacuum pump that seize gases by condensation on a relatively cooler surface, which is at a low temperature. The efficiency of the pump majorly depends on the freezing and boiling points of the gases, which are to be transported.
The global cryogenic pumps market is projected to grow at a CAGR of 3.9% during the forecast period, owing to the fact that the use of cryogenic pumps is becoming important & inevitable.
Buy This Report (271 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3IEGCUH
Cryogenic pumps find a wide range of applications in handling and transfer of cryogenic fluids such as oxygen, hydrogen, argon, nitrogen, and other liquefied hydrocarbons.
Increase in demand for liquid gases at rapid pace across several end-user industries accelerates the market growth.
Impact Of Covid-19 On The Global Cryogenic Pump Market Industry
Manufacturing of cryogenic pump stopped for a specific period due to high peak of COVID-19, which highly impacted the sales of cryogenic pump.
Sales of cryogenic pump are directly proportional to the demand for oil & gas. COVID-19 outbreak negatively impacted oil & gas segment amid the lockdown imposed and recorded a huge decline in crude oil prices in 2020, due to the resumed overflow production, However, the continued upstream activities did not impact the demand for cryogenic pump.
Furthermore, import & export activities were significantly impacted, which, in turn, adversely affected the industries using cryogenic pump, thereby affecting the global cryogenic pump market share.
The COVID-19 pandemic has curtailed the movement of people, goods, and services across the globe, including most of the regions in which production of cryogenic pump is on large scale.
Read More Information: https://www.alliedmarketresearch.com/cryogenic-pump-market
According to the United Nations Industrial Development Organization (UNIDO), 30.0%-70.0% of pre-COVID-19 workforce of various industries, including electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown.
Trending Reports in Energy and Power Industry:
Cryogenic Fuels market
https://www.globenewswire.com/news-release/2021/09/01/2290156/0/en/Cryogenic-Fuels-Market-to-Garner-188-7-Billion-by-2030-Allied-Market-Research.html
Emulsified Fuel Market
https://www.globenewswire.com/news-release/2021/09/20/2299537/0/en/Emulsified-Fuel-Market-Reach-20-8-billion-by-2030-Allied-Market-Research.html
High-Pressure Pumps Market
https://www.globenewswire.com/news-release/2021/10/28/2322751/0/en/High-Pressure-Pumps-Market-Is-Expected-to-Reach-3-4-Billion-by-2030-Allied-Market-Research.html
Axial Flow Pump Market
https://www.globenewswire.com/news-release/2021/09/13/2295806/0/en/Axial-Flow-Pump-Market-to-Reach-42-1-billion-by-2030-Allied-Market-Research.html
Solar Pump Market
https://www.prnewswire.co.uk/news-releases/solar-pump-market-to-reach-2-05-bn-globally-by-2027-at-6-8-cagr-amr-867985192.html
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cryogenic Pump Market: Pumping the Future | North America Dominate by US here
News-ID: 3286384 • Views: …
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for Pump
Asphalt Pumps Market Key Players: Johnson Pump, Viking Pump, Rotan Pump, Shanggu …
The Asphalt Pumps Market Research Reports 2021 – 2027 is an Analysis and In-depth study of the Asphalt Pumps Market Industry, with the target of global market trend. The report mainly focuses on the market size, market structure, market share, growth cost structure, and forecast for 2027. The Research Report is an analysis of quantitative of the Asphalt Pumps market and gives information for making strategies…
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Solar Pump Market Current & Future Growth Forecast To 2027 | CRI Pump, LORENTZ, …
Asia-pacific contributed to the highest share, accounting for more than half of the global solar pump market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to increase in government initiatives in region such as India, drive the market growth in this region. However, Europe is expected to grow at the highest CAGR of 8.5% from 2020 to 2027. This is owing to means of…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Global Slurry Pump Market: Tsurumi Pump, Shijiazhuang Kingda Pump, Xylem, Weir G …
Global Market Study Evaluate on Slurry Pump Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Slurry Pump market report is:
This report offers a comprehensive evaluation of the Slurry Pump market. It does so by in-depth qualitative insights, historical Slurry Pump market data, and verifiable projections about global Slurry Pump market size. The projections featured in the Slurry Pump market report have been…
