Mar 07, 2022 (Market Insight Reports) -- The report titled " Cryogenic Pump Market " report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.
The Cryogenic Pump market was valued at 12500 Milion US$ in 2019 and is projected to reach 17700 Million US$ by 2025, at a CAGR of 5.1% during the forecast period.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Cryogenic Pump Market: Sumitomo Heavy Industries Ltd., Ebara Corporation, Flowserve Corporation, Fives S.A., Brooks Automation Inc., Global Technologies, Cryoquip Australia, Cryostar SAS, Nikkiso Cryo Inc., PHPK Technologies Inc., Ruhrpumpen Inc., Technex Limited, ACD LLC, Sehwa Tech Inc., and others.
Market Overview & Regional Analysis -
Positive displacement cryogenic pump is projected to be the highest growing segment on the basis of type of cryogenic pumps from 2016 to 2021. The reason behind the same would be increasing use of positive displacement pumps in end-use industries such as energy and power, shipbuilding, food & beverage, and healthcare, given its compact size. Asia-Pacific is the largest market for positive displacement cryogenic pumps, due to increasing energy demand in the region.
On the basis of cryogenic gases, LNG is projected to be the fastest growing market segment during the forecast period. This growth is attributed to increasing use of LNG for power generation in the energy and power industry and growing usage of oil tankers for transportation in the shipbuilding industry. The LNG market is expected to witness maximum growth in the Middle East region. Moreover, increasing focus on renewable generation is likely to boost the electronics segment.
Industry News -
Mar. 2, 2022
Flowserve Announces Launch of Energy Advantage Program to Support Customers' Carbon Reduction and Energy Efficiency Goals
Flowserve Corporation /zigman2/quotes/203982564/composite FLS -1.14% , a leading provider of flow control products and services for the global infrastructure markets, today announced the launch of its new Energy Advantage program - a holistic flow control approach aimed at helping customers reach their carbon reduction goals and lower total cost of ownership.
Energy Advantage provides customers with Flowserve engineering expertise, a systematic data-driven evaluation process and a complete offering of products and services that can drive increased energy efficiency through optimization of pump and valve power consumption. From pump and control valve re-rating and replacement to our enhanced monitoring and predictive analytic services with RedRaven, Flowserve's offerings through the Energy Advantage program can also reduce customers' carbon emissions, improve plant productivity and reliability and provide operational savings.
Global Cryogenic Pump Market Split By Product Type and Applications:
This report segments the global Cryogenic Pump Market based on Types are:
Based on Application , the Global Cryogenic Pump Market is segmented into:
Energy & PowerMetallurgyChemicalsElectronicsOthers
Regional Analysis For Cryogenic Pump Market: