Global Cryogenic Pump Market Overview:
The global cryogenic pump market is predicted to grow
at a 4.02% CAGR over the forecast period, states the new Market Research Future
(MRFR) report. A cryogenic pump or cryopump is a vacuum pump which traps vapors
and gases by condensing the same on a cold surface. However, these pumps are
effective only on some gases; the effectiveness of the pump depends on the
boiling and freezing points of the gas, which are relative to the temperature
of the cryogenic pump.
Cryogenic pump is a vacuum pump used in cryogenic
temperatures to transfer cryogenic liquids. These pumps are also used to
transfer such cryogenic fluids between containers or from one container to a
point of use. The major types of cryogenic pumps, i.e., long shaft cryogenic
pumps efficiently transfer liquids cryogens while minimizing heat leak. The
applications of these pumps include the circulation of liquid nitrogen for high
temperature superconductors and for synchrotron beamline crystal cooling. The
main components of cryogenic pumps include a thermal shield, a condensing
array, a cold head cylinder, and a low temperature array.
Various factors are propelling the
cryogenic pump market growth. Some of these factors according to the Market
Research Future (MRFR) report, include increasing demand from numerous end use
industries including healthcare, chemicals, metallurgy, and energy and power,
rising LNG production, and burgeoning demand for medical gases in the
healthcare industry for diagnosis as well as treatment of different respiratory
diseases such as asthma and others.
Key Players
Leading players profiled in the cryogenic
pump market report include Technex Limited (India), Ruhrpumpen Inc. (Mexico),
PHPK Technologies Inc. (US), Nikkiso Cryo Inc. (US), Cryostar SAS (France),
Cryoquip Australia, Brooks Automation (US), Fives S.A. (France), Sumitomo Heavy
Industries (Japan), Flowserve Corporation (US), and Ebara Corporation (Japan),
among others. The key players have used numerous strategies to create a
foothold in this market. These include product innovation, partnership,
acquisitions, mergers, research and development and much more.
Browse Full Report at: https://www.marketresearchfuture.com/reports/cryogenic-pump-market-7567
Market Segmentation
The MRFR report provides a complete
segmental analysis of the cryogenic pump market on the basis of type, gas, and
end use.
Based on type, the cryogenic pump market
is segmented into positive displacement and centrifugal. Among these, the
positive displacement segment will have the largest share in the market over
the forecast period. This is due to its increasing adoption in numerous end use
industries including electricals and electronics, healthcare, and others.
Positive displacement pumps possess high viscosity and thus cater to
applications, which need high pressure.
Based on gas, the cryogenic pump market
is segmented into LNG, argon, oxygen, nitrogen, and others. Among these, the
LNG segment will dominate the market over the forecast period.
Based on end use, the cryogenic pump
market is segmented into electronics, metallurgy, chemicals, energy and power,
and others. Among these, the energy and power segment will have the maximum
share in the market over the forecast period.
Regional Outlook
Region wise, Asia-Pacific held the largest market
share of the global cryogenic pump market in 2017. The growth in this region is
driven by industrial development in emerging countries such as China, India,
Malaysia, and other Southeast Asian countries. It is estimated that
Asia-Pacific region would be the fastest growing market during the forecast
period, mainly due to the growing energy need, focus on renewable generation,
and rapid urbanization.
Scope of the
Report
This research report provides insights into various levels of analysis,
such as industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging & high-growth segments. The
market data comprises the basic assessment of the competitive scenarios and
strategies in the global Cryogenic Pump market, including high-growth regions
and/or countries, and political and economic environments. The project report
further provides both – historical market values and pricing & cost
analysis.
About Market Research Future:
At Market Research Future (MRFR), we enable
our customers to unravel the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Read
More:
https://issuu.com/marketresearchfuture18/docs/nuclear_waste_management_market_n_9ae07f2fac8d39
https://view.joomag.com/nuclear-waste-management-market/0123123001598506682
https://sites.google.com/view/nuclearwastemanagementmarketan/home
No comments:
Post a Comment