Cryogenic Pump Market
Global Opportunities and Forecasts, 2017 – 2023
Pages : 236 Publish Date: Jan 2018
Cryogenic Pump Market
“ Increase in usage of cryogenic pumps to extract the regenerated energy from exhaust gases of an engine and rise in demand for efficient transportation of medical gases are some aspects expected to supplement the market growth during the forecast period. �
Yashwant Singh Sahu Team Lead, Chemicals & Materials at AMR.
Cryogenic Pump Market Overview • The Cryogenic Pumps Market was valued at $456 million in 2016, and is projected to reach $592 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023. The hydrogen segment accounted for more than one-third share of the global market in 2016. • Increase in demand for cryogenic pumps across multiple end-use industries such as power generation and healthcare is one of the prime factors that drives the growth of the global cryogenic pumps market. Moreover, complex industrial processes incorporate the use of liquid gases, which fuels the demand for cryogenic pumps at a rapid pace. The rapid growth in demand for energy and power is expected to drive the overall demand for LNG, and thus arrangements to handle its transportation further boosts the market growth.
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Cryogenic Pump Market Key Benefits • The positive displacement pumps segment is anticipated to grow at the highest CAGR during the analysis period. • The hydrogen segment accounted for the highest share in the global cryogenic pumps market, and is anticipated to maintain its dominance throughout the forecast period, growing at a CAGR of 3.4%. • Asia-Pacific is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 3.3%. • The power generation industry segment occupied for 27.1% of the total market in 2016. • China occupied 31.0% of the Asia-Pacific market in 2016. • France is expected to grow at a significant CAGR of 4.7% during the forecast period.
Cryogenic Pump Market By Geography
Cryogenic Pump Market By Type
Cryogenic Pump Market By Gas
Cryogenic Pump Market By End-User Industry
Key Players In Industry • • • • • • • • • •
Sumitomo Heavy Industries Ltd. Flowserve Corporation Ebara Corporation Linde Group Nikkiso Co. Ltd. Brooks Automation Inc. PHPK Technologies Inc. Global Tech India Pvt. Ltd. Technex Limited Fives S.A.
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Cryogenic Pump Market Segments
Cryogenic Pump Market Segments
• • • •
By Type By Gas By End-Use Industry By Region
Cryogenic Pump Market By Geography North America, Europe, Asia-Pacific, LAMEA
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