Cryogenic Pump Market
Cryogenic Pump Market - Global Industry Assessment & Forecast
Segments Covered
- By Orientation Horizontal, Vertical
- By Design Submersible, Non-Submersible
- By Type Kinetic Pump, Positive Displacement Pump, Entrapment Pump
- By Cryogen Nitrogen, Oxygen, Argon, Liquified Natural Gas (LNG), Helium, Hydrogen, Other Cryogens
- By End User Metallurgy, Energy & Power, Chemicals, Electronics, Healthcare & Pharmaceuticals, Other End Users
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 966.05 Million |
Revenue 2030: | USD 1332.30 Million |
Revenue CAGR (2023 - 2030): | 4.10% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Cryogenic Pump Market by Orientation by Design by Type by Cryogen by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Cryogenic Pump market.
FAQ
Frequently Asked Question
What is the global demand for Cryogenic Pump in terms of revenue?
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The global Cryogenic Pump valued at USD 966.05 Million in 2022 and is expected to reach USD 1332.30 Million in 2030 growing at a CAGR of 4.10%.
Which are the prominent players in the market?
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The prominent players in the market are AB (Sweden), Ebara Corporation (Japan), SHI Cryogenics Group (Japan), Nikkiso Co. Ltd. (Japan), Fives Group (France), Cryostar (France), TRILLIUM FLOW TECHNOLOGIES (Scotland), Gemmecotti SRL (Italy), PHPK Technologies (US), Barber-Nichols (US), Sulzer Ltd (Switzerland), Technex Limited (China), Vanzetti Engineering S. P. A. (Italy), HSR AG (Liechtenstein), Xinxiang Chengde Energy Technology Equipment Co. Ltd. (China), Ruhrpumpen Group (Mexico), OPTIMEX (France), SEHWA TECH Inc. (South Korea), CS&P Technologies (US), CryoVation LLC (US), PBS Velká BÃteÅ¡ (Czech Republic), KRYTEM Cryogenic Systems (Germany), Trillium US (US), Sing Swee Bee Enterprise Pte Ltd. (Singapore), EOSgen-Technologies (France).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Cryogenic Pump include
- High demand for industrial gases from energy & power industry
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Cryogenic Pump in 2022.