Business

Global Cryogenic Pump Market to Record an Exponential CAGR by 2025

Cryogenic pump is a special type of centrifugal pump used in industries to pump low-temperature liquids and coolants. It is made up of special elastomers and is hermetically sealed to withstand low temperatures and avoid heat leakage. These pumps consist of one or more impellers and a diffuser. Velocity inside a cryogenic pump is converted into pressure through diffusion process. The cryogenic pump designing technology has uniquely clubbed technological vacuum considerations and cryogenic aspects. They are used for refrigeration purposes with the help of cryogenic gases such as liquid nitrogen, argon, and others. They provide have safety against power breakdown, as they do not require electric supply with liquid cryogens. The emergence of cryogenic pumps has reduced carbon emission problems. Moreover, properties such as higher isentropic efficiency, radial force balance, minimal maintenance, reliability, no shaft seal & bearings problems, and high safety levels have made them ideal for industrial use.

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Increase in demand for medical gases, renewable-based generation of electricity, and rise in investments in infrastructure are the major factors that drive the growth of the cryogenic pump market. Furthermore, rise in use of liquefied natural gases in the power generation sector is expected to boost the market growth. In addition, increase in applications of cryogenic pumps in other sectors, such as electronics and chemicals, supplements the growth of the market. However, reduction of steel plants negatively affects the growth of this market, as cryogenic pumps are widely used in steel plants for transfer of cryogenic gases for industrial use.

The report segments the cryogenic pump market based on type, gas, end-use industry, and region. Based on type, the market is categorized into positive displacement pumps, kinetic pumps, and entrapment pumps. Depending on cryogenic gas, it is classified into nitrogen, hydrogen, helium, argon, and others.

The end-use industry covered in the study include healthcare, power generation industry, electrical & electronics industry, metallurgy industry, and others. Based on region, it is analyzed across North America, Europe, Asia Pacific, and LAMEA.

Major players operating in this market include the following: Sumitomo Heavy Industries Ltd., Flowserve Corporation, Ebara Corporation, Linde Group, Nikkiso Co. Ltd., Brooks Automation Inc., PHPK Technologies Inc., Global Tech India Pvt. Ltd., Techn, ex Limited, Fives S.A.

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Chapters contain in this report as follows:
Chapter 1 provides an overview of Cryogenic Pump market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Cryogenic Pump market by type, application, and region are also presented in this chapter.

Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.

Chapter 3 provides a full-scale analysis of major players in Cryogenic Pump industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.

Chapter 4 gives a worldwide view of Cryogenic Pump market. It includes production, market share revenue, price, and the growth rate by type.

Chapter 5 focuses on the application of Cryogenic Pump, by analyzing the consumption and its growth rate of each application.

Chapter 6 is about production, consumption, export, and import of Cryogenic Pump in each region.

Chapter 7 pays attention to the production, revenue, price and gross margin of Cryogenic Pump in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.

Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.

Chapter 9 introduces the industrial chain of Cryogenic Pump. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.

Chapter 10 provides clear insights into market dynamics.

Chapter 11 prospects the whole Cryogenic Pump market, including the global production and revenue forecast, regional forecast. It also foresees the Cryogenic Pump market by type and application.

Chapter 12 concludes the research findings and refines all the highlights of the study.

Chapter 13 introduces the research methodology and sources of research data for your understanding.

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Jena Davydova

Chief editor of review team at The Innovative Reports and Market Research Analyst, Jena is an expert in the area of B2B and SaaS related products. She has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

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