Global Cryogenic Pump Market, Type (Positive Displacement Pumps, Kinetic Pumps, Entrapment Pumps), B

Published Date: | Report Code : EQ1958687

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Market Dynamics:

Increasing demand for liquefied natural gas (LNG) are expected to drive the growth of the Global Cryogenic Pump Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

The cryogenic pump is a vacuum pump that helps to capture the gas through surfaces, which are cooled to temperatures below 120 K. These cryogenic pumps can pump almost all the gases, including noble gases at lower temperatures.

Segment Analysis:

The global cryogenic pump market is segmented on the basis of type, application, and end-user.

On the basis of type, it is segmented into Positive Displacement Pumps, Kinetic Pumps, and Entrapment Pumps. A positive displacement pump is a device that transfers liquids by holding a certain volume of the liquid and displacing it into another pipe and is most widely used owing to surge its adoption in various end-use industries, such as healthcare, electricals & electronics, and others.

Based on the application, it is segmented into nitrogen, hydrogen, helium, argon, and others. Cryogenic pumps are employed for the conversion of liquid hydrogen to high-pressure hydrogen via a specially designed system of air heat exchangers along with a temperature control unit to increase the temperature of the hydrogen by around −40°. Moreover, these pumps generate a pressure of around 900 bars and can reach a fueling capacity of about 120 kilos per hour. The advantages associated with hydrogen cryogenic pumps are high throughput, low energy consumption, and highly pure hydrogen. Other benefits include the reliability of the system, lesser maintenance efforts & cost, and low noise emissions.

By the end-user, it is s classified into the healthcare industry, power generation industry, electricals & electronics industry, metallurgy industry, and others. Cryogenic pumps are majorly used in healthcare for medical purposes, research in biotechnology, and drug processing. A cryogenic gas transportation system is utilized for transportation and delivery of these medical gases to healthcare facilities. The system includes a cryogenic pump, which is utilized to transfer gas through the system into the storage vessel as a compressed gas. Cryogenic pumps are also being utilized to create a necessary high vacuum in the proton therapy systems which are used in the treatment of cancer to irradiate diseased tissue.

Key Factors Impacting Market Growth:

  • Their properties such as high pumping speeds, cleanliness, and reliability.

  • Increasing demand for liquefied natural gas (LNG)

Regional Analysis:

Major regions for the global cryogenic pump market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the global cryogenic pump market owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Healthcare Industry, Power Generation Industry, Electricals & Electronics Industry, Metallurgy Industry, Others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the global cryogenic pump market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Healthcare Industry, Power Generation Industry, Electricals & Electronics Industry, Metallurgy Industry, Others are estimated to register high demand for the global cryogenic pump market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the global cryogenic pump market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the global cryogenic pump market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: 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, and Fives S.A.

Market Segmentation:

By Type:

  • Positive Displacement Pumps

  • Kinetic Pumps

  • Entrapment Pumps

By Application:

  • Nitrogen

  • Hydrogen

  • Helium

  • Argon

  • Others

By End User:

  • Healthcare Industry

  • Power Generation Industry

  • Electricals & Electronics Industry

  • Metallurgy Industry

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

    • By End-User

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Type

    • By Application

    • By End-User

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

    • By End-User

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Type

    • By Application

    • By End-User

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Application

    • By End-User

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Type

    • By Application

    • By End-User

Reasons To Buy This Report:

  • Market size estimation of the global cryogenic pump market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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