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極低温ポンプの市場レポート：タイプ別、最終用途産業別、地域別、2024年～2032年

Cryogenic Pump Market Report by Type, End Use Industry, and Region 2024-2032

出版日
発行
IMARC
ページ情報
英文 139 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
極低温ポンプの市場レポート：タイプ別、最終用途産業別、地域別、2024年～2032年
出版日: 2024年07月01日
発行: IMARC
ページ情報: 英文 139 Pages
納期: 2～3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

極低温ポンプの市場の世界市場規模は、2023年に7億3,230万米ドルに達しました。今後、IMARC Groupは、市場は2032年までに11億8,650万米ドルに達し、2024年から2032年の間に5.4％の成長率（CAGR）を示すと予測しています。発電や輸送をサポートする液化天然ガス（LNG）の世界の需要、ポンプ設計、材料、安全機能の改善、急速な産業発展が市場成長を促進する主な要因です。

極低温ポンプの市場分析：

主な市場促進要因：世界の極低温ポンプの市場は緩やかな成長を遂げています。これは液化天然ガス（LNG）需要の高まりによるもので、これらのポンプは輸送に不可欠です。

主要市場動向：材料科学と工学における技術革新が極低温ポンプの設計と効率を高めています。

地理的動向：アジア太平洋地域は、LNGインフラへの投資の増加と政府の好意的な政策により、市場を独占しています。

競合情勢：極低温ポンプ業界の主な市場プレーヤーには、アトラスコプコ、Cryostar SAS（Linde plc）、Fives（Novafives S.A.S.）、Sulzer Ltd.、Weir Group PLC、日機装株式会社（Nikkiso Co.Ltd.）など多数。

課題と機会：課題には、初期投資コストの高さや、極低温物質の取り扱いに関する技術的専門知識の必要性などがあります。しかし、技術革新と費用対効果の高いユーザーフレンドリーなソリューションの開発により、主なプレーヤーにはビジネスチャンスがあります。

極低温ポンプの市場傾向／促進要因：

液化天然ガス（LNG）需要の高まり

発電用の石炭に代わるクリーンな燃料として、多くの国で液化天然ガス（LNG）の使用が増加していることが、極低温ポンプの市場の成長を後押ししています。Natural Gas Monthly誌の統計によると、2023年には米国が液化天然ガス（LNG）の主要輸出国に浮上し、1日平均貨物量は119億立方フィート（Bcf/d）で、2022年から12％増加しました。極低温ポンプは、流通、液化、生産、貯蔵など、LNGバリューチェーンのいくつかの活動をサポートするために不可欠です。これらのポンプは、必要な低温でLNGを安全かつ効果的に供給することにより、プロセス全体の完全性と有効性をサポートします。液化天然ガス（LNG）の需要増加は、LNGの使用量の増加により、より効率的でスケーラブルな極低温ポンプソリューションが必要となるため、極低温ポンプの市場の価格に影響を与えます。

ヘルスケアおよびバイオメディカル用途の増加

ヘルスケアおよびバイオメディカル用途での極低温ポンプの使用増加が市場成長を強化しています。極低温ポンプは、様々な凍結保存手順において、血液、組織、小臓器などの生物学的物質を超低温で長期保存するために不可欠な役割を果たしています。医学研究の高まりは、極低温保存システムに依存するバイオバンクや臓器保存のエコサービスの需要を促進しています。IMARCグループのデータによると、バイオバンキング市場は2023年に610億米ドルとなった。この市場は、2024年から2032年にかけてCAGR 5.4％で拡大すると予測されています。

これらのポンプは、低温保存が必要な医薬品やワクチンを保存するために製薬分野でも使用されています。ヘルスケア業界では安全性と信頼性が厳しく求められるため、高品質の極低温ポンプへのニーズが高まっています。極低温ポンプの市場の売上は、ヘルスケアを含む様々な産業での用途の増加により、緩やかな成長が予測されています。

著しい技術進歩

材料科学と工学の発展により、洗練された極低温ポンプが出現しています。最新のポンプは、より信頼性が高く、強く、効率的に進化しています。洗練されたシール、コンピュータ制御システム、その他の安全機能により、オペレーターにとって使いやすいものとなっています。このような技術の向上は、ポンプの寿命を延ばすだけでなく、ランニングコストの節約にもつながります。その結果、極低温ポンプは石油化学や航空宇宙を含むさまざまな産業で使用されています。さらに、航空宇宙産業協会（AIA）が発表した報告書によると、航空宇宙・防衛分野の輸出は2022年に4.4％増加し、総額1,048億米ドルに達します。

このほか、極低温ポンプの市場の統計では、技術の進歩と主要産業にわたる用途の拡大により、緩やかな成長の軌跡が明らかにされています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界の極低温ポンプ市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：タイプ別

  • 遠心力ポンプ
    • 市場動向
    • 市場予測
  • 容積式ポンプ
    • 市場動向
    • 市場予測

第7章 市場内訳：最終用途産業別

  • エネルギーおよび発電産業
    • 市場動向
    • 市場予測
  • ヘルスケア業界
    • 市場動向
    • 市場予測
  • 電気電子産業
    • 市場動向
    • 市場予測
  • 冶金産業
    • 市場動向
    • 市場予測
  • 化学薬品
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第9章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第12章 価格分析

第13章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Atlas Copco
    • Cryostar SAS（Linde plc）
    • Ebara Corporation
    • Fives（Novafives S.A.S.）
    • Flowserve Corporation
    • Nikkiso Co. Ltd
    • PHPK Technologies Inc.
    • Ruhrpumpen Group（Corporacion EG）
    • Sulzer Ltd.
    • Sumitomo Heavy Industries Ltd
    • Weir Group PLC
図表

List of Figures

  • Figure 1: Global: Cryogenic Pump Market: Major Drivers and Challenges
  • Figure 2: Global: Cryogenic Pump Market: Sales Value (in Million US$), 2018-2023
  • Figure 3: Global: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 4: Global: Cryogenic Pump Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Cryogenic Pump Market: Breakup by End Use Industry (in %), 2023
  • Figure 6: Global: Cryogenic Pump Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Cryogenic Pump (Centrifugal Pump) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 8: Global: Cryogenic Pump (Centrifugal Pump) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 9: Global: Cryogenic Pump (Positive Displacement Pump) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Cryogenic Pump (Positive Displacement Pump) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Cryogenic Pump (Energy and Power Generation Industry) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Cryogenic Pump (Energy and Power Generation Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Cryogenic Pump (Healthcare Industry) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Cryogenic Pump (Healthcare Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Cryogenic Pump (Electricals and Electronics Industry) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Cryogenic Pump (Electricals and Electronics Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Cryogenic Pump (Metallurgy Industry) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Cryogenic Pump (Metallurgy Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Cryogenic Pump (Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Cryogenic Pump (Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Cryogenic Pump (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Cryogenic Pump (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: North America: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: North America: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: United States: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: United States: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Canada: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Canada: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Asia-Pacific: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Asia-Pacific: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: China: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: China: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Japan: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Japan: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: India: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: India: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: South Korea: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: South Korea: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Australia: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Australia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Indonesia: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Indonesia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: Europe: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: Europe: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Germany: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Germany: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: France: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: France: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: United Kingdom: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: United Kingdom: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Italy: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Italy: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Spain: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Spain: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: Russia: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: Russia: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Latin America: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Latin America: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Brazil: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Brazil: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Mexico: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Mexico: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Others: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Others: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Middle East and Africa: Cryogenic Pump Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Middle East and Africa: Cryogenic Pump Market: Breakup by Country (in %), 2023
  • Figure 71: Middle East and Africa: Cryogenic Pump Market Forecast: Sales Value (in Million US$), 2024-2032
  • 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

List of Tables

  • Table 1: Global: Cryogenic Pump Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Cryogenic Pump Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Cryogenic Pump Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 4: Global: Cryogenic Pump Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 5: Global: Cryogenic Pump Market: Competitive Structure
  • Table 6: Global: Cryogenic Pump Market: Key Players
目次
Product Code: SR112024A5797

The global cryogenic pump market size reached US$ 732.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,186.5 Million by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032. The global demand for liquefied natural gas (LNG) to generate power and support transportation, improvements in pump design, materials, and safety features, and rapid industrial development are major factors propelling the market growth.

Cryogenic Pump Market Analysis:

Major Market Drivers: The global cryogenic pump market is experiencing moderate growth. It is because of the rising demand for liquified natural gas (LNG), where these pumps are essential for transportation.

Key Market Trends: Technological innovations in materials science and engineering are enhancing the design and efficiency of cryogenic pumps.

Geographical Trends: The Asia Pacific region is dominating the market owing to the growing investment in LNG infrastructure and favorable government policies.

Competitive Landscape: Some of the major market players in the cryogenic pump industry include Atlas Copco, Cryostar SAS (Linde plc), Fives (Novafives S.A.S.), Sulzer Ltd., Weir Group PLC., Nikkiso Co. Ltd, among many others.

Challenges and Opportunities: Challenges include high initial investment costs and the need for technical expertise in handling cryogenic substances. Nonetheless, cryogenic pump market opportunities are presented by key players through innovation and the development of cost-effective, user-friendly solutions.

Cryogenic Pump Market Trends/Drivers:

Rising demand for liquefied natural gas (LNG)

The increasing use of liquefied natural gas (LNG) in numerous countries as a cleaner substitute to coal for electricity generation is impelling the cryogenic pump market growth. According to the statistics from Natural Gas Monthly, in 2023, the United States emerged as the leading exporter of liquefied natural gas (LNG), with an average daily cargo of 11.9 billion cubic feet (Bcf/d), which is a 12% increase from 2022. Cryogenic pumps are essential for supporting several activities in the LNG value chain, such as distribution, liquefaction, production, and storage. These pumps support the overall integrity and efficacy of the process by safely and effectively delivering LNG at the necessary low temperatures. The rising demand for liquefied natural gas (LNG) influences the cryogenic pump market price, as increased LNG usage necessitates more efficient and scalable cryogenic pumping solutions.

Rising healthcare and biomedical applications

The rising usage of cryogenic pumps in healthcare and biomedical applications is strengthening the market growth. Cryogenic pumps play an essential role in enabling the long-term storage of biological materials at very low temperatures, such as blood, tissues, and small organs, in a variety of cryopreservation procedures. The rising medical research is driving the demand for biobanking and organ preservation ecoservices, which depend on cryogenic storage systems. Based on the data provide by the IMARC group, the biobanking market was valued at US$61.0 billion in 2023. The market is predicted to expand at a CAGR of 5.4% from 2024 to 2032.

These pumps are also used by the pharmaceutical sector to preserve drugs and vaccines that need to be stored at low temperatures. The need for high-quality cryogenic pumps is increasing due to the strict safety and dependability requirements in the healthcare industry. The cryogenic pump market revenue is projected to see moderate growth due to increasing applications across various industries, including healthcare.

Significant technological advancements

Sophisticated cryogenic pumps are emerging because of developments in materials science and engineering. Modern pumps are evolving to become more reliable, strong, and efficient. They are easy for operators to use because of their sophisticated seals, computerized control systems, and other safety features. These improvements in technology not only prolong the life of the pumps but also save running costs. As a result, cryogenic pumps are used in different industries, including petrochemicals and aerospace. Moreover, according to the report presented by the Aerospace Industries Association (AIA), the aerospace and defense sector export increased by 4.4% in 2022, reaching a total value of $104.8 billion.

Besides this, the cryogenic pump market statistics reveal a trajectory of moderate growth, driven by technological advancements and expanding applications across key industries.

Cryogenic Pump Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global cryogenic pump market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and end use industry.

Breakup by Type:

Centrifugal Pumps

Positive Displacement Pump

Centrifugal pumps represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the type. This includes centrifugal pumps and positive displacement pump. According to the report, centrifugal pumps represented the largest segment.

Centrifugal pumps can easily handle large flow volume and are suitable for industries requiring high-volume transfer of cryogenic fluids like LNG. Centrifugal pumps have fewer moving parts compared to other types, such as reciprocating pumps, which results in lower maintenance costs and downtime, a crucial factor in industries where operational continuity is vital. These pumps can handle a broad range of cryogenic fluids, including liquid nitrogen and liquid oxygen, making them versatile for multiple industries, such as healthcare, aerospace, and manufacturing. As per the data provided by IMARC Group, in 2023 the liquid nitrogen market size was valued at US$ 19.4 billion worldwide. The market is predicted to expand at a growth rate of 5.2% from 2024 to 2032.

Additionally, the design of centrifugal pumps inherently allows for safer operation, especially when dealing with volatile substances at extreme temperatures. This makes them compliant with the stringent safety regulations often seen in the healthcare and energy sectors.

Breakup by End Use Industry:

Energy and Power Generation Industry

Healthcare Industry

Electricals and Electronics Industry

Metallurgy Industry

Chemicals

Others

Energy and power generation industry holds the largest market share

A detailed breakup and analysis of the market based on the end use industry has also been provided in the report. This includes the energy and power generation industry, healthcare industry, electricals and electronics industry, metallurgy industry, chemicals, and others. According to the report, the energy and power generation industry accounted for the largest market share.

The cryogenic pump plays a pivotal role in the energy and power generation industry, specifically in applications that involve extremely low-temperature fluids. Moreover, cryogenic pumps are indispensable for the efficient transfer, storage, and distribution of LNG, which is increasingly being used as a cleaner fuel for power generation. These pumps ensure that LNG is moved safely from production facilities to storage tanks and onward to power plants. In aerospace applications, cryogenic pumps are used for fueling rocket engines with cryogenic propellants like liquid oxygen and liquid hydrogen, thereby offering a favorable cryogenic pump market outlook. As hydrogen becomes a key element in renewable energy strategies, cryogenic pumps are needed for handling liquefied hydrogen in fuel cell systems. Cryogenic pumps are used in the production and distribution of industrial gases, such as liquid nitrogen and oxygen, which have applications in power generation plants for processes like cooling. In some power generation facilities, cryogenic pumps are used in refrigeration systems to achieve the extremely low temperatures required for specific operations.

The growing focus on cleaner energy sources and technological advancements in power generation significantly contribute to the cryogenic pump market demand in the energy and power generation industry. On the basis of the data provided by Central Electricity Authority (CEA) of India, the electricity generation target for 2023-24, including renewable energy, is set at 1750 billion Units (BU), indicating a growth of approximately 7.2% over the actual generation of 1624.158 BU in the previous year (2022-23). In comparison, the generation during 2022-23 was 1624.158 BU, up from 1491.859 BU in 2021-22, reflecting a growth of about 8.87%.

Breakup by Region:

North America

United States

Canada

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific holds the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest cryogenic pump market share.

The Asia Pacific region exhibits a clear dominance in the cryogenic pump industry due to increasing industrialization and urbanization, driving high energy needs, particularly for cleaner fuel alternatives like liquefied natural gas (LNG). Cryogenic pumps are vital for the efficient storage and distribution of LNG. Moreover, regulatory bodies are investing heavily in healthcare infrastructure. This is driving the demand for cryogenic pumps for storing biological samples at extremely low temperatures. Apart from this, the region is a hub for various manufacturing sectors, including petrochemicals, metallurgy, and electronics, where cryogenic pumps are used for handling liquid nitrogen and oxygen. For instance, according to the Department of Chemicals & Petro-Chemicals of India, the chemical and petrochemical (CPC) industry of the country commands a notable global market value of 178 billion USD. This figure will rise to approximately 300 billion USD by the year 2025, indicating significant growth potential within the sector. Additionally, favorable government policies and incentives to promote clean energy and advanced healthcare services are propelling the market growth in the Asia Pacific region.

Competitive Landscape:

Major companies in the cryogenic pump industry are concentrating on a variety of strategies to keep a competitive edge and drive growth. Technological innovation is a key area of focus where businesses are making large investments to build cryogenic pumps that are more dependable, user-friendly, and efficient. Features like real-time monitoring and enhanced safety mechanisms are also becoming standard offerings. Moreover, mergers and acquisitions (M&As) are prevalent, allowing companies to expand their product portfolios and enter new markets. Collaborations with industries that are significant users of cryogenic pumps, such as healthcare, energy, and manufacturing, are also rising, aiming to meet the specific needs and standards of these sectors. Companies are concentrating on geographic expansion, particularly in emerging markets where rapid industrialization and healthcare advancements create substantial demand for cryogenic pumps. These strategies are complemented by efforts to meet stringent regulatory requirements, which ensures broader market acceptance.

Apart from this, the cryogenic pump market recent developments reveal that leading players are prioritizing strategic collaborations to expand their footprint and enhance their offerings in the rapidly evolving market landscape.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Atlas Copco

Cryostar SAS (Linde plc)

Ebara Corporation

Fives (Novafives S.A.S.)

Flowserve Corporation

Nikkiso Co. Ltd

PHPK Technologies Inc.

Ruhrpumpen Group (Corporacion EG)

Sulzer Ltd.

Sumitomo Heavy Industries Ltd

Weir Group PLC.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Recent Developments:

In July 2023, Atlas Copco completed the acquisition of the cryopump service and distribution business of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area's CTI and Polycold products in South Korea.

In April 2021, Nikkiso Cryo Inc. (NCI), Las Vegas NV, a member of Nikkiso Clean Energy and Industrial Gases Group (Group), a part of Nikkiso Co., Ltd (Japan) announced their new facility which increases their cryogenic pump production efficiency and capability.

In December 2021, Edwards Vacuum launched a new cryopump for semiconductor applications, the CTI-Cryogenics On-Board IS 320F XVS Cryopump, which aims to deliver the most reliable and best-performing cryopump on the market.

In November 2021: Ebara Corporation's Elliot Group completed a new US$60 million cryogenic pumps testing facility in Jeannette, Pennsylvania, featuring two cryogenic pump test stands and a dedicated expander test stand. The state-of-the-art facility aims to enhance testing capabilities for cryogenic equipment.

Key Questions Answered in This Report

  • 1. How big is the global cryogenic pump market?
  • 2. What is the expected growth rate of the global cryogenic pump market during 2024-2032?
  • 3. What are the key factors driving the global cryogenic pump market?
  • 4. What has been the impact of COVID-19 on the global cryogenic pump market?
  • 5. What is the breakup of the global cryogenic pump market based on the type?
  • 6. What is the breakup of the global cryogenic pump market based on the end use industry?
  • 7. What are the key regions in the global cryogenic pump market?
  • 8. Who are the key players/companies in the global cryogenic pump market?

Table of Contents

1 Preface

2 Scope and Methodology

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

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Cryogenic Pump Market

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

6 Market Breakup by Type

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

7 Market Breakup by End Use Industry

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

8 Market Breakup by Region

  • 8.1 North 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
  • 8.2 Asia-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
  • 8.3 Europe
    • 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
  • 8.4 Latin 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
  • 8.5 Middle East and Africa
    • 8.5.1 Market Trends
    • 8.5.2 Market Breakup by Country
    • 8.5.3 Market Forecast

9 SWOT Analysis

  • 9.1 Overview
  • 9.2 Strengths
  • 9.3 Weaknesses
  • 9.4 Opportunities
  • 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

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

12 Price Analysis

13 Competitive Landscape

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