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A Complete Guide to Cryogenic Pumps [ Download E-PDF ]

04-25-2025 07:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

The global cryogenic pumps are experiencing steady growth owing to continuous research and development activities by cryogenic pump manufacturers. The energy and power industry has a higher adoption of cryogenic pumps compared to healthcare, chemical, and others. The demand for oil, LNG, and LPG has increased owing to continuous growth in the industrial sector. Thus, transportation of such commodities has increased in the past few years. Cryogenic pumps are prominently used in the transportation of oil, LNG, and LPG owing to their operational efficiency. Increased transportation directly affected the demand of the cryogenic pumps positively.

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Owing to industrialization, the demand for energy increased globally. As per the data published by the United Nations in 2023, globally, 2.3% of the growth was witnessed in the industrial sector, in which manufacturing accounted for the highest growth rate of 3.2%. In addition, in 2000, the leading industrial economies filed 84% of the patents of the industrial sector globally, that is, developed nations; however, in 2022, 54% of the total patents were filed by the middle-income industrial economies that are developing economies. This shows the increased industrialization in developing economies. Such growth led to increased use of oil and LNG, ultimately driving the cryogenic pumps to maintain the pressure and natural state of the commodities.

key company profiles

Atlas Copco AB
Elliott Group
Flowserve Corporation
Fives
Linde AG
NIKKISO CO.
LTD.
PHPK Technologies
Ruhrpumpen Group
SEHWA TECH, Inc.

Contact Us: If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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