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Global Cryogenic Pump Market 2016: Industry Demand, Segment, Consumption and Research to 2022
Complete Report Of Cryogenic Pump Market @ http://www.marketresearchstore.com/report/world-cryogenic-pump-market-opportunities-and-forecast-71627
They have safety against power breakdown, as they do not require electric supply with liquid cryogens. The emergence of cryogenic pumps has addressed carbon emission problems. Moreover, properties like higher isentropic efficiency, radial force balance, minimal maintenance, reliability, no shaft seal and bearings problems and high safety levels have made them ideal for industrial use.Cryogenic pump market develops in parallel with developments in liquefaction. The demand of the medical gases, renewable based generation of electricity; rising investments in infrastructure are major factors driving the cryogenic pump market. Further growth is expected in cryogenic pump market with increasing use of liquefied natural gases in power generation sector.
Get Free Sample Report Of Cryogenic Pump Market @ http://bit.ly/2ctw5R8
In addition, increasing applications in others sectors like electronics, chemicals and the increasing number of collaborations has helped the market to grow further. Reduction of steel plants can affect the growth of this market as cryogenic pumps are being used in steel plants for transportation of cryogenic gases.
The report segments the cryogenic pump market based on type, gas, application and geography. Based on type, the market is segmented into positive displacement pumps, kinetic pumps and entrapment pumps. On the basis of cryogenic gas, the market is segmented into nitrogen, neon, hydrogen, helium, argon and LNG. According to the application, the market is classified into healthcare, power generation industry, electrical & electronics industry, metallurgy industry and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia Pacific and LAMEA.
Further, advancements like multiple bearing technology, ZEN spiral inducers for pumps, robust power transmission are anticipated to expand the range of applications of cryogenic pumps. Nikkiso Cryo Inc. acquired Atlas Copco subsidiary of JC Carter LLC, producer of cryogenic pumps to enhance its position in LNG industry in 2015. Various cryogenic pumps like removable (in tank) pumps, suction vessel mounted pump and compact variable speed pump are available in the market.
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