Press release
Cryogenic Pump Market: The global market is expected to grow at a CAGR of 4.11% during the forecasted period.
As per the study initiated by Evolve Business Intelligence, the global Cryogenic Pump Market size accounted for USD 1.2 billion in 2022, growing at a CAGR of 4.11% from 2023 to 2033. The cryogenic pump market is experiencing significant growth, with a projected CAGR ranging from 6.5% to 67.1% over the next decade. The market is driven by factors such as technological advancements, increasing demand for gas-based power generation, and the growing adoption of cryogenic technologies in various industries. The market includes various types of cryogenic pumps, such as dynamic pumps and positive displacement pumps, and is segmented by gas, end-user, and geography. The Asia-Pacific region holds the largest market share, and key players in the market include Nikkiso Co. Ltd, Sumitomo Heavy Industries Ltd, Fives SAS, Ebara Corporation, and Weir Group PLC, among others.Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022086
Key Highlights:
• The global Cryogenic Pump Market size was valued at USD 1.2 billion in 2022 growing at a CAGR of 4.11% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Cryogenic Pump Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Cryogenic Pump Market players holding high market shares include Ebara Corporation, Flowserve Corporation, Sumitomo Heavy Industries and Fives S.A.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Ebara Corporation
• Flowserve Corporation
• Sumitomo Heavy Industries
• Fives S.A.
• Brooks Automation
• Cryoquip
• Cryostar SAS
• Nikkiso Cryo Inc.
• PHPK Technologies Inc.
• Ruhrpumpen Inc.
• Technex Limited among others
Segmental Analysis
Market Segment By Type
• Centrifugal
• Positive Displacement
Market Segment By End User
• Energy & Power
• Chemicals
• Metallurgy
• Electronics
• Oil & gas
• Others
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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