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Cryogenic Pump Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Cryogenic Pump MarketThe global cryogenic pump market size was valued at $610.0 million in 2020, and is projected to reach $854.0 million by 2030, growing at a CAGR of 3.4% from 2020 to 2030. A cryogenic pump is an accumulating type vacuum pump.
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Report Scope
The pump condenses and adsorbs gases on a cryogenic surface installed in pump to develop a condition from high vacuum to ultra-high vacuum. In addition, this pump can obtain clean vacuum, which is not contaminated by oil and has higher pumping speed compared to other vacuum pumps.
Moreover, cryogenic pumps are essential tools to power-up several processes involving pure and mixed industrial gases. Cryogenic pumps can be integrated into complex skid systems, which can be customized according to specific needs, including LNG marine, LNG automotive & industrial, and industrial gases. Cryogenic pumps are used in wide applications of semiconductors, liquid crystals, disks, eyeglass lenses, and extra-large space vacuum chamber.
Moreover, cryogenic pumps are used to circulate coolant in variety of applications, including cooling high temperature superconducting cables or magnets, for cooling synchrotron beamline crystals, and as pumps in prototype slush hydrogen applications.
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Segment by Type
• Positive Displacement Pumps
• Kinetic Pumps
• Entrapment Pumps
Segment by Application
• Nitrogen
• Hydrogen
• Helium
• LNG
By Companies
Atlas Copco AB, Ebara Corporation, Cryostar, Fives, Flowserve Corporation, Gemmecotti Srl, Nikkiso Co., Ltd., Ruhrpumpen, SHI Cryogenics Group, and Trillium Flow Technologies.
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