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| Cryogenic Pump Market Size to Grow USD 854.0 Million by 2030 at a CAGR of 3.4% | Valuates Reports | ||
| By: PR Newswire Association LLC. - 08 Feb 2024 | Back to overview list |
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BANGALORE, India, Feb. 8, 2024 /PRNewswire/ -- Cryogenic Pump Market is Segmented by Type (Positive Displacement Pumps, Kinetic Pumps, and Entrapment Pumps), Application (Nitrogen, Hydrogen, Helium, Liquefied Natural Gas(LNG), and Others), and End-use Industry (Healthcare Industry, Energy & Power Generation Industry, Electricals & Electronics Industry, Metallurgy Industry, Chemicals, and Others) 
Claim Your Free Sample Now: https://reports.valuates.com/request/sample/ALLI-Auto-1J239/_Cryogenic_Pump_Market Major Factors Driving the Growth of Cryogenic Pump Market High flow rates, dependability, and a low chance of thermal losses make kinetic pumps the ideal option for transporting liquefied gasses in cryogenic settings. The market for cryogenic pumps is expanding due to a number of important considerations. Among these are the growing need for effective cooling solutions and technological breakthroughs in industries like electronics, energy, healthcare, and aerospace, which are driving the need for cryogenic applications. Further driving the market's rise are the building of LNG infrastructure, the aerospace industry's explosive growth, and the growing investments in the industrial gas and renewable energy sectors. Tight safety and environmental laws are also a major factor in the uptake of cryogenic pumps as they guarantee compliance and encourage the creation of cutting-edge pumping technologies. Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/ALLI-Auto-1J239/cryogenic-pump TRENDS INFLUENCING THE GROWTH OF CRYOGENIC PUMP MARKET The primary reason kinetic pumps are used in the cryogenic pump industry is their capacity to handle low-temperature fluids and gasses with efficiency. These pumps are ideal for situations where maintaining low temperatures is essential because they use kinetic energy to impart velocity to the cryogenic fluid. Infrastructure for renewable energy, such as facilities for producing and storing hydrogen, is seeing large expenditures as a result of the continuous worldwide shift towards sustainable energy sources. In order to support the developing hydrogen economy, cryogenic pumps are essential to the liquefaction and transportation of hydrogen. The need for cryogenic pumps in hydrogen applications is predicted to rise as governments and businesses prioritize decarbonisation initiatives. The growing use of cryogenic technology in healthcare applications is a major factor propelling the cryogenic pump market's expansion. Cryogenic pumps play a crucial role in the cooling of superconducting magnets in medical imaging systems like MRI and PET scanners. The market is being driven ahead by the growing requirement for dependable cryogenic infrastructure due to the increased demand for cutting-edge medical diagnostics and treatments. The rising demand for greener energy sources is fueling a vigorous rise of the worldwide liquefied natural gas (LNG) industry. For LNG to be handled and transported efficiently throughout the supply chain from liquefaction terminals to storage facilities and distribution networks—cryogenic pumps are necessary. The global LNG infrastructure expansion is attracting significant investments, which is expected to drive up demand for cryogenic pumps. The fast development of the aerospace sector is a noteworthy catalyst for the cryogenic pump market. Space simulation chambers, satellite propulsion, rocket propulsion systems, and other aerospace applications all depend on cryogenic pumps. The need for cryogenic pumps for aerospace applications is expected to rise significantly as governments and private enterprises step up their space exploration endeavors. When producing semiconductors, superconductors, and other electronics components that need exact temperature control, cryogenic pumps are essential. The need for cryogenic pumps in the electronics manufacturing industry is growing due to the widespread use of electronics devices and the growing complexity of semiconductor technology. The necessity for effective cooling solutions to preserve ideal process conditions and guarantee product quality and performance is what's driving this development. Cryogenic technology plays a major role in the industrial gas sector, which includes the production, storage, and transport of gasses including argon, oxygen, and nitrogen. The handling and transmission of these gasses at very low temperatures is made possible by cryogenic pumps, which are essential for many industrial operations such as the manufacturing of chemicals, the processing of food, and the manufacture of metal. The industrial gas industry is witnessing a consistent increase in demand for cryogenic pumps due to the global expansion of industrial activity. Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-1J239&lic=single-user CRYOGENIC PUMP MARKET SHARE ANALYSIS In 2020, North America had a dominant position in the global cryogenic pump market and is expected to continue expanding at the quickest rate throughout the forecast period. Many factors, such as the size of the proven reserves and the onshore area, are responsible for this. Purchase Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-1J239/_Cryogenic_Pump Key Players:
Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Auto-1J239/_Cryogenic_Pump SUBSCRIPTION We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans. DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS! - Medical Cryogenic Storage Equipment market was valued at USD 2571.6 Million in 2022 and is anticipated to reach USD 3911.4 Million by 2029, witnessing a CAGR of 6.1% during the forecast period 2023-2029. - Cryogenic Protective Gloves market is projected to reach USD 307.2 Million in 2029, increasing from USD 206 Million in 2022, with a CAGR of 5.8% during the period of 2023 to 2029. - Cryogenic Safety Valves Market - Cryogenic Steel market is projected to reach USD 6824.8 Million in 2029, increasing from USD 4195 Million in 2022, with a CAGR of 7.2% during the period of 2023 to 2029. - Cryogenic Personal Protective Equipment market was valued at USD 391.7 Million in 2023 and is anticipated to reach USD 500.9 Million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030. - Cryogenic Liquid Personal Protective Equipment (PPE) Market - Cryogenic Vials market was valued at USD 447 Million in 2023 and is anticipated to reach USD 571.6 Million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030. - Cryogenic Liquid Nitrogen Freezers Market - Self-Standing Cryogenic Vials Market - Cryogenic Freezer (Below -150 ?) market was valued at USD 74 Million in 2022 and is anticipated to reach USD 150.1 Million by 2029, witnessing a CAGR of 10.5% during the forecast period 2023-2029. - Cryogenic Freezing Systems Market - Cryogenic Programmable Intelligent Temperature Controllers Market - Internet of Things to Medical Cryogenic Storage Equipment Market - 2D Barcode Cryogenic Vials Market - Cryogenic Isolators and Circulators Market - Cryogenic Fluid Marine Loading Arm Market - Cryogenic Storage Tubes Market - Cryogenic Loading Arm Market - Cryogenic Flow Meters market is projected to grow from USD 670.4 Million in 2023 to USD 916.5 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. - LNG Cryogenic Loading Arm Market - Cryogenic Vaporizer market size is expected to reach USD 761.1 Million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. - Cryogenic Energy Storage System market is projected to reach USD 988.5 Million in 2029, increasing from USD 426 Million in 2022, with a CAGR of 12.6% during the period of 2023 to 2029. - Cryogenic Helium Purifier Market - Cryogenic Industrial Valve Market - Cryogenic ULT Freezers Market - Cryogenic Turbine Flow Meter Market - Cryogenic Grinding Equipment Market - Bio Cryogenic Freezers market is projected to grow from USD 165.4 Million in 2023 to USD 203.3 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period. - Positive Displacement Cryogenic Pump market is projected to reach USD 542.8 Million in 2029, increasing from USD 425 Million in 2022, with a CAGR of 3.6% during the period of 2023 to 2029. - Cryogenic ISO Tank Containers market is projected to reach USD 1281.3 Million in 2029, increasing from USD 876 Million in 2022, with a CAGR of 5.6% during the period of 2023 to 2029. - Metal Cryogenic Valve Market DISCOVER OUR VISION: VISIT ABOUT US! Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources. YOUR FEEDBACK MATTERS: REACH OUT TO US! Valuates Reports Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
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