DUBLIN , June 14, 2022 /PRNewswire/ -- The "Cryogenic Pump Market by Orientation, Design (Submersible, Non-Submersible), Type, Cryogen (Nitrogen, Argon, Oxygen, LNG, Helium, Hydrogen), End User (Energy & Power, Chemicals, Metallurgy, Healthcare & Pharmaceuticals) & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global cryogenic pump market is projected to reach USD 1.5 billion by 2027 from an estimated market size of USD 1.2 billion in 2022, at a CAGR of 4.6% during the forecast period. Owing to the rising demand for cryogenic gases from the metallurgy and energy & power industries, the demand for cryogenic pumps is expected to increase. Non-Submersible segment dominates the global market
The cryogenic pump market, by design, is segmented into submersible and non-submersible. The non-submersible segment is estimated to be the largest segment of the cryogenic pump market and is expected to retain its dominance throughout the forecast period. The characteristics such as ease of use and accessibility for maintenance have resulted in a higher adoption rate, thus the higher market share. Energy & Power segment to lead the global cryogenic pumps market
The cryogenic pump market, by end-user, is segmented into energy & power, metallurgy, chemicals, healthcare & pharmaceuticals, and others. The energy & power segment is expected to hold the largest size of the market for cryogenic pump during the forecast period. The rise in E&P activities, especially the activities concerned with mature oil & gas wells, is expected to boost the growth of the market. Asia Pacific dominates the global cryogenic pumps market in terms of market share and annual growth rate
The Asia Pacific region is estimated to be the largest market for the cryogenic pump market and is also witnessed to have the highest growth rate, during the forecast period. This dominance of the Asia Pacific region in the cryogenic pump market can be attributed to the growing demand for cryogenic pumps from metallurgy and energy & power industries, especially from developing economies such as China and India . Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Cryogenic Pump Market 4.2 Cryogenic Pump Market, by Design 4.3 Cryogenic Pump Market, by Type 4.4 Cryogenic Pump Market, by Cryogen 4.5 Cryogenic Pump Market, by End-User 4.6 Cryogenic Pump Market in Asia-Pacific , by Type & Country 4.7 Cryogenic Pump Market, by Region
5 Market Overview 5.1 Introduction 5.2 COVID-19 Health Assessment 5.3 COVID-19 Economic Assessment 5.4 Market Dynamics 5.4.1 Drivers 5.4.1.1 High Demand for Industrial Gases from Energy & Power Industry 5.4.1.2 Growing Demand for Cryogenic Pumps Across Entire Lng Value Chain 5.4.2 Restraints 5.4.2.1 High Capex and Opex Costs Associated with Cryogenic Plants 5.4.2.2 Volatile Raw Material Prices and Interference of Gray Market Players 5.4.3 Opportunities 5.4.3.1 Evolving Cryogenic Electronics Applications 5.4.3.2 Rising Adoption of Cryogenic Energy Storage Systems 5.4.4 Challenges 5.4.4.1 Cryogen Leakage from Equipment Leading to Hazards and Greenhouse Emissions 5.5 COVID-19 Impact 5.6 Trends/Disruptions Impacting Customers' Businesses 5.6.1 Revenue Shift and New Revenue Pockets in Cryogenic Pump Market 5.7 Supply Chain Analysis 5.7.1 Cryogenic Pump Raw Material Suppliers 5.7.2 Cryogenic Pump Manufacturers 5.7.3 Industrial Gas Manufacturers 5.7.4 End-Users 5.8 Market Map 5.9 Key Conferences & Events to be Held During 2022-2023 5.10 Cryogenic Pump Market: Regulations 5.10.1 Regulatory Bodies, Government Agencies, and Other Organizations 5.11 Porter's Five Forces Analysis 5.11.1 Threat of New Entrants 5.11.2 Bargaining Power of Suppliers 5.11.3 Bargaining Power of Buyers 5.11.4 Threat of Substitutes 5.11.5 Intensity of Competitive Rivalry 5.12 Key Stakeholders & Buying Criteria 5.12.1 Key Stakeholders in Buying Process 5.12.2 Buying Criteria 5.13 Innovations & Patent Registration 5.14 Technology Analysis 5.15 Pricing Analysis 5.15.1 Average Selling Prices of Types of Cryogenic Pumps, by Design 5.16 Case Study Analysis 5.16.1 Fives Group's Impactful Solution to Help Indonesian Client's Asu Plant Mishap
6 Cryogenic Pump Market, by Orientation 6.1 Introduction 6.2 Horizontal 6.3 Vertical
7 Cryogenic Pump Market, by Design 7.1 Introduction 7.2 Submersible 7.2.1 Sustainability Goals of Various Economies to Drive Market 7.3 Non-Submersible 7.3.1 Increasing Investments in Oil & Gas Sector to Drive Demand for Non-Submersible Pumps
8 Cryogenic Pump Market, by Type 8.1 Introduction 8.2 Centrifugal 8.2.1 Growth of Food & Beverages, Healthcare, and Electronics Industries to Drive Market 8.3 Positive Displacement 8.3.1 Higher Operational Efficiency and Versatility are Expected to Drive Market
9 Cryogenic Pump Market, by Cryogen 9.1 Introduction 9.2 Nitrogen 9.2.1 Increasing Demand from Oil & Gas Sector Creates High Demand for Nitrogen-Based Cryogenic Pumps 9.3 Argon 9.3.1 Demand for Argon-Handling Cryogenic Pumps Increases with Demand for Electronics 9.4 Oxygen 9.4.1 Increasing Steel and Iron Production Creates High Demand for Oxygen-Related Cryogenic Pumps 9.5 Lng 9.5.1 Rising Demand for Cleaner Energy Sources Creates Demand for Lng Infrastructure 9.6 Hydrogen 9.6.1 Rising Demand for Hydrogen Fuel Cells is Expected to Fuel Growth of Hydrogen Pumps 9.7 Helium 9.7.1 Rapid Industrialization to Fuel Market Growth 9.8 Other Cryogens
10 Cryogenic Pump Market, by End-User 10.1 Introduction 10.2 Metallurgy 10.2.1 Favourable Government Policies Benefitting Manufacturing and Industrial Sectors to Drive Market 10.3 Energy & Power 10.3.1 Growing Energy and Oil Demands and Growth of Lng Market to Fuel Market Growth 10.4 Chemicals 10.4.1 Chemical Companies Transition Toward Sustainability and Decarbonization Goals to Fuel Market Growth 10.5 Electronics 10.5.1 Growth in Semiconductor and Consumer Electronics Sectors to Drive Market 10.6 Healthcare & Pharmaceuticals 10.6.1 Absence of Alternative Medical Gases to Fuel Market Growth 10.7 Others
11 Cryogenic Pump Market, by Region
12 Competitive Landscape 12.1 Overview 12.2 Market Share Analysis of Key Players, 2021 12.3 Market Evaluation Framework 12.4 Segmental Revenue Analysis of Top Market Players 12.5 Recent Developments 12.5.1 Deals 12.5.2 Others 12.6 Company Evaluation Quadrant 12.6.1 Star 12.6.2 Emerging Leader 12.6.3 Pervasive 12.6.4 Participant
13 Company Profiles 13.1 Key Companies 13.1.1 Atlas Copco Ab 13.1.2 Ebara Corporation 13.1.3 Shi Cryogenics Group 13.1.4 Nikkiso Co. Ltd. 13.1.5 Fives Group 13.1.6 Sulzer Ltd 13.1.7 Cryostar 13.1.8 Ruhrpumpen Group 13.1.9 Trillium Flow Technologies 13.1.10 Phpk Technologies 13.1.11 Gemmecotti Srl 13.1.12 Technex Limited 13.1.13 Barber-Nichols 13.1.14 Hsr Ag 13.1.15 Vanzetti Engineering S.P.A. 13.2 Other Players 13.2.1 Sehwa Tech, Inc. 13.2.2 Cryovation LLC. 13.2.3 Optimex 13.2.4 Cs&P Technologies 13.2.5 Pbs Velka Bites
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