Cryogenic Pump Market Size is estimated to grow at a CAGR of 9.06% during the forecast period

The global Cryogenic Pump Market size is expected to grow remarkably during forecast period of 2024 to 2029, due to expanding industrialization, energy efficiency initiatives, stricter emissions regulations, demand from power generation, and retrofitting older systems. This information is published by Fortune Business Insights, in its latest report titled “ Cryogenic Pump Market Size, Share & COVID-19 Impact Analysis, By Type (Positive Displacement Pump, Centrifugal Pump), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other), By End-User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, Others), and Regional Forecast, 2022-2029"

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According to latest report published by Fortune Business Insights, The global cryogenic pump market size was valued at USD 3.41 billion in 2021 and is projected to reach USD 6.64 billion by 2029 from its value USD 3.62 billion in 2022, at a CAGR of 9.06% during the forecast period.

Top Cryogenic Pump Market Size Manufacturers covered in the Market Report include:

• Vanzetti Engineering (Italy)
• SEFCO (Switzerland)
• Phpk Technologies (United States)
• INOXCVA (India)
• Flowserve Corporation (United States)
• Fives (France)
• Ebara Corporation (Japan)
• Nikkiso Co., Ltd (Japan)
• Sehwa Tech, Inc. (Japan)
• Ruhrpumpen Global (United States)
• Cryostar (France)
• Brooks Automation (United States)
• Sulzer (Switzerland)
• The Weir Group PLC (Scotland)
• Sumitomo Heavy Industries, Ltd. (Japan)

 

Recent Key Industry Development:

 

March 2020: China-based Yantai LNG Group secured clearance from the National Development and Reform Commission to construct an LNG terminal in Shandong province. The facility will also be linked to a national pipeline spanning 530kms, which will be built alongside the terminal.

December 2019: US-based Elliott Group inaugurated the site for its new, state-of-the-art cryogenic pump testing facility in Pennsylvania, which will be completed in the next 18 months. The plant will be dedicated to enhanced R&D activities and aid in supplying superior cryogenic pumps to the company’s global clients.

Cryogenic Pump Market Report Scope [2024-2029]

Hostorical Data :2018-2020

Base Year: 2021

Report Title: Cryogenic Pump Market Size, Share & COVID-19 Impact Analysis, By Type (Positive Displacement Pump, Centrifugal Pump), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other), By End-User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, Others), and Regional Forecast, 2022-2029

Cryogenic Pump Market CAGR: 9.06%

Report Coverage: Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends

Segments Covered:

• By Product
• By Application
• By Region

An Overview of the Impact of COVID-19 on this Market:

The outbreak of the COVID-19 pandemic has negatively impacted various business sectors across the world. Various impositions like lockdown, social distancing and ban on imports & exports have impacted the production and distribution of various goods and services, which were considered as non-essential by the governments. Many enterprises in the Cryogenic Pump Market  were obliged to temporarily suspend operations due to the COVID-19 pandemic, in order to comply with new government rules aimed at preventing the disease’s spread. This pause in activities has a direct influence on the market’s revenue flow.

If You Want More Insights Into The Cryogenic Pump Market, Buy Now This Exclusive Report:  https://www.fortunebusinessinsights.com/checkout-page/100824

Cryogenic Pump Market Drivers:

Growing Investment from Industrial Sector to Aid Market Dynamics

The most fundamental driver in the energy and power industry is the demand for energy. Population growth, urbanization, and economic development all contribute to increasing energy consumption. The industry must respond to meet this growing demand.

Environmental considerations are increasingly important. Concerns over climate change and air pollution are driving a shift towards cleaner and more sustainable energy sources such as renewables (solar, wind, hydro) and nuclear power.

Ensuring a stable and reliable energy supply is critical for a nation's security. This can lead to investments in domestic energy production and infrastructure.

Advances in energy storage technologies, such as batteries, are enabling the integration of intermittent renewable energy sources into the grid and increasing grid stability.The availability and accessibility of natural resources like coal, oil, gas, and minerals can significantly impact energy production and costs.

Global and Regional Market Analysis:

The market has been analyzed across major regions, including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

The Cryogenic Pump Market study describes the market area, which is further segmented into sub-regions and countries/regions. This chapter of the report includes information on profit prospects in addition to market share in each country and sub-region. During the estimated time, this report includes the market share and growth rate of each region, country, and sub-region. In addition, the Cryogenic Pump Market research report includes significant research data and proofs to be a useful resource record for managers, analysts, industry professionals, and other key individuals to have a ready-to-access and self-analyzed study to help grasp market patterns.

 North America (United States, Canada, and Mexico)
 Europe (Germany, France, UK, Russia, and Italy)
 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
 South America (Brazil, Argentina, Colombia, etc.)
 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

FREQUENTLY ASKED QUESTIONS:

• How much was the global Cryogenic Pump Market worth in 2021?
• Who are the top players actively operating across the market?
• How much will the global market be worth by 2029?
• What are the key market drivers?
• Which application segment is the leading across the globe?
• At what compound annual growth rate (CAGR) is the global market projected to grow in the forecast period?

Major Points from Table of Contents

Global Cryogenic Pump Market Research Report 2024-2029, by Manufacturers, Regions, Types and Applications

• Report Business Overview
  
  
  • Study Scope
  • Market Analysis by Type
  • Market by Application
  • Study Objectives
  • Years Considered
• Global Growth Trends
  
  
  • Global Cryogenic Pump Market Perspective
  • Growth Trends by Region
  • Market Dynamics
  • Industry Trends
  • Market Drivers
  • Market Challenges
  • Market Restraints
• Competition Landscape by Key Players
  
  
  • Global Top Players by Revenue
  • Global Market Share by Company Type
  • Players Covered: Ranking by Revenue
  • Global Market Concentration Ratio
  • Global Market Concentration Ratio
  • Global Top 10 and Top 5 Companies by Revenue
  • Key Players Head office and Area Served
  • Key Players Product Solution and Service
  • Date of Enter into Market
  • Mergers and Acquisitions, Expansion Plans

• Cryogenic Pump Market Breakdown Data by Type
  
  
  • Global Historic Market Size by Type
  • Global Forecasted Market Size by Type

• Cryogenic Pump Market Breakdown Data by Application
        
  • Global Historic Market Size by Application
  • Global Forecasted Market Size by Application

• Appendix
  
  
  • Research Methodology
  • Methodology/Research Approach
  • Data Source
  • Author Details
  • Disclaimer

Continued….

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