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Cryogenic Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: CC5EE72AF2B1EN
IMARC Group

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Market Overview:

The global cryogenic pump market size reached US$ 690.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 994.5 Million by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.

A cryogenic pump is a vacuum pump that traps, freezes, and absorbs gases by condensing them on cold surfaces at very low temperatures. It is commonly available in kinetic, entrapment, and positive displacement pump variants designed to move coolants and cryogenic liquids. It consists of a vacuum vessel, diffuser, unit displacer, and impellers. The cryogenic pump is manufactured using special elastomers that are hermetically sealed to withstand temperatures and avoid leakage. It is widely used in cooling synchrotron beamline crystals, superconducting cables, and pumps in prototype slush hydrogen applications and refrigeration purposes. It provides high pumping speed, safety against power breakdown and oil contamination. These pumps are cost-effective, which is why they find extensive application across various industries, such as chemical, power generation, electronics, and healthcare.

Cryogenic Pump Market Trends:
The increasing demand for gas-based power generation across the globe is one of the key factors driving the growth of the market. In line with this, the widespread utilization of LPG due to its safety and efficiency in transportation is favoring the market growth. Moreover, various product innovations, such as the introduction of a scroll pump for cryogenic liquids capable of pumping volatile liquids at extremely low temperatures, is providing a considerable boost to the market growth. Additionally, the widespread product adoption in the healthcare industry to deliver and transfer medical gases and create a high vacuum in the proton therapy systems is positively impacting the market growth. Other factors, such as the increasing product demand in the electronics industry and the implementation of various government initiatives across the globe to reduce carbon emission, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic pump market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.

Breakup by Type:

Centrifugal Pump
Positive Displacement Pump

Breakup by End Use Industry:

Energy and Power Generation Industry
Healthcare Industry
Electricals and Electronics Industry
Metallurgy Industry
Chemicals
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco, Cryostar SAS (Linde plc), Ebara Corporation, Fives (Novafives S.A.S.), Flowserve Corporation, Nikkiso Co. Ltd, PHPK Technologies Inc., Ruhrpumpen Group (Corporaciуn EG), Sulzer Ltd., Sumitomo Heavy Industries Ltd and Weir Group PLC.

Key Questions Answered in This Report:
How has the global cryogenic pump market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cryogenic pump market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cryogenic pump market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL CRYOGENIC PUMP MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Centrifugal Pump
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Positive Displacement Pump
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY END USE INDUSTRY

7.1Energy and Power Generation Industry
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Healthcare Industry
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Electricals and Electronics Industry
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Metallurgy Industry
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5Chemicals
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Atlas Copco
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2Cryostar SAS (Linde plc)
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3Ebara Corporation
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4Fives (Novafives S.A.S.)
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5Flowserve Corporation
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
    13.3.5.4 SWOT Analysis
  13.3.6Nikkiso Co. Ltd
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7PHPK Technologies Inc.
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8Ruhrpumpen Group (Corporaciуn EG)
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
  13.3.9Sulzer Ltd.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
  13.3.10Sumitomo Heavy Industries Ltd
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis
  13.3.11Weir Group PLC
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
    13.3.11.3 Financials

LIST OF TABLES

Table 1: Global: Cryogenic Pump Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cryogenic Pump Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Cryogenic Pump Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 4: Global: Cryogenic Pump Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Cryogenic Pump Market: Competitive Structure
Table 6: Global: Cryogenic Pump Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cryogenic Pump Market: Major Drivers and Challenges
Figure 2: Global: Cryogenic Pump Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Cryogenic Pump Market: Breakup by Type (in %), 2022
Figure 5: Global: Cryogenic Pump Market: Breakup by End Use Industry (in %), 2022
Figure 6: Global: Cryogenic Pump Market: Breakup by Region (in %), 2022
Figure 7: Global: Cryogenic Pump (Centrifugal Pump) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Cryogenic Pump (Centrifugal Pump) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Cryogenic Pump (Positive Displacement Pump) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Cryogenic Pump (Positive Displacement Pump) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Cryogenic Pump (Energy and Power Generation Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Cryogenic Pump (Energy and Power Generation Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Cryogenic Pump (Healthcare Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Cryogenic Pump (Healthcare Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Cryogenic Pump (Electricals and Electronics Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Cryogenic Pump (Electricals and Electronics Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Cryogenic Pump (Metallurgy Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Cryogenic Pump (Metallurgy Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Cryogenic Pump (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Cryogenic Pump (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Cryogenic Pump (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Cryogenic Pump (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: United States: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: United States: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Canada: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Canada: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia-Pacific: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia-Pacific: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: China: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: China: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Japan: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Japan: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: South Korea: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: South Korea: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Australia: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Australia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Indonesia: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Indonesia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Germany: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Germany: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: France: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: France: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United Kingdom: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United Kingdom: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Italy: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Italy: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Spain: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Spain: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Russia: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Russia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Brazil: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Brazil: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Mexico: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Mexico: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Middle East and Africa: Cryogenic Pump Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Middle East and Africa: Cryogenic Pump Market: Breakup by Country (in %), 2022
Figure 71: Middle East and Africa: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Global: Cryogenic Pump Industry: SWOT Analysis
Figure 73: Global: Cryogenic Pump Industry: Value Chain Analysis
Figure 74: Global: Cryogenic Pump Industry: Porter's Five Forces Analysis?


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