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極低温ポンプの2030年までの市場予測:タイプ、ガス、方向、設計、エンドユーザー、地域別の世界分析

Cryogenic Pump Market Forecasts to 2030 - Global Analysis By Type (Centrifugal and Positive Displacement), Gas (Oxygen, Argon, Nitrogen and Other Gases), Orientation, Design, End User and By Geography

出版日: | 発行: Stratistics Market Research Consulting | ページ情報: 英文 200+ Pages | 納期: 2~3営業日

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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=155.11円
極低温ポンプの2030年までの市場予測:タイプ、ガス、方向、設計、エンドユーザー、地域別の世界分析
出版日: 2024年03月03日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界の極低温ポンプ市場は2023年に12億8,000万米ドルを占め、予測期間中のCAGRは6.6%で、2030年には20億米ドルに達する見込みです。

極低温ポンプは、極低温流体の移送と操作に使用される特殊な装置であり、一般的に極低温の領域では、従来の冷凍方法で達成可能な温度よりもかなり低い温度まで低下します。これらのポンプは、極低温に存在する窒素、酸素、ヘリウムなどの液化ガスを扱うように設計されています。極低温ポンプは、これらの超低温流体を吸入・排出するために、遠心式や置換式などさまざまな機構を採用しており、工業用ガス処理、医療用画像処理、超伝導体や低温物理学を含む科学研究などの用途において、効率的で信頼性の高い移送プロセスを保証しています。

World LNG Report 2022によると、液化天然ガス(LNG)の世界貿易量は過去最高を記録し、平均517億立方フィート/日(Bcf/d)となり、2021年比で5%増加しました。

石油化学の需要増加

液化天然ガス(LNG)生産、エチレン・プロピレン精製、窒素液化などの石油化学プロセスは、極低温での液化ガスの取り扱い、移送、処理のために極低温ポンプに大きく依存しています。さらに、人口増加、都市化、工業化によって石油化学製品に対する世界の需要が増加しているため、効率的で信頼性の高い極低温ポンプソリューションの必要性が高まっています。その結果、石油化学製品の需要増が市場需要を牽引する重要な要因となっています。

原材料価格の変動

極低温ポンプは、極低温流体の極端な温度と腐食性に耐えるため、ステンレス鋼、ニッケル合金、高性能ポリマーなどの特殊な材料を必要とします。しかし、温室効果ガス排出規制による鉄鋼価格の変動は、鉄鋼生産を減少させ、鉄鋼価格のインフレを招き、極低温ポンプの生産を妨げ、ひいては極低温ポンプの成長に影響を与えています。

技術の進歩

技術の進歩は極低温ポンプ市場の成長における主要な促進要因であり、極低温ポンプシステムの性能、効率、信頼性を継続的に向上させています。材料科学の進歩により、耐腐食性、熱伝導性、機械的強度の向上などの特性が強化された新しい合金や複合材料が開発されています。さらに、最適化されたインペラ形状、強化されたシール機構、高度なベアリング技術など、ポンプ設計の革新は、より高い効率と性能レベルに貢献しています。

安全性への懸念

極低温ポンプは、多くの場合摂氏-150度以下の極低温流体を扱うため、液体窒素、酸素、LNGなどの極低温液体の取り扱い、貯蔵、輸送に関連する固有のリスクがあります。しかし、極低温液体に関連する潜在的な危険には、極低温火傷が含まれます。このような超低温にさらされると、皮膚や他の物質と接触した際に深刻な組織損傷を引き起こす可能性があるからです。

COVID-19の影響

COVID-19パンデミックは、極低温ポンプ市場に顕著な影響を与えました。当初、パンデミックは世界のサプライチェーンの混乱を招き、極低温ポンプ部品とシステムの製造と納入に遅れが生じました。しかし、パンデミックはヘルスケアにおける極低温技術の重要な役割、特に保存のために超低温を必要とするワクチンが多いCOVID-19ワクチンの保管と流通における極低温技術の重要な役割も浮き彫りにしました。このようにヘルスケア・アプリケーションへの注目が高まることで、他のセクターで経験した市場の低迷がある程度相殺される可能性があります。

予測期間中、遠心式セグメントが最大になる見込み

遠心分野が最大のシェアを占めると推定されます。遠心ポンプは、極低温での液化ガスの効率的な移送と取り扱いにおいて重要な役割を果たしています。遠心ポンプは、モーターからの機械エネルギーを運動エネルギーに変換することで作動し、このエネルギーによって流体はポンプのインペラーを通って渦巻ケーシングに送られます。さらに、遠心ポンプは、低粘度の流体を扱い、高流量でスムーズに作動する能力があるため、極低温用途に特に適しています。

エネルギー・電力分野は予測期間中に最も高いCAGRが見込まれる

エネルギー・電力分野は予測期間中に有利な成長が見込まれます。極低温ポンプは、発電施設、特にロケット推進システム、燃料電池、ガスタービン発電所向けの液体酸素(LOX)と液体水素(LH2)の冷却と取り扱いに幅広く使用されています。さらに、極低温ポンプは、製鉄や化学処理などのエネルギー集約型産業で、極低温冷却やパージなどさまざまな産業プロセスに不可欠な窒素やアルゴンなどの液化ガスの取り扱いに利用されています。

最大のシェアを占める地域

推定期間中、アジア太平洋地域が最大の市場シェアを占めました。よりクリーンなエネルギー源として液化天然ガス(LNG)の需要が増加しているため、LNGターミナルや施設全体で極低温ポンプの設置が増加しています。さらに、この地域で成長している半導体およびエレクトロニクス産業は、先端半導体デバイスや超伝導材料の生産に極低温ポンプを利用しており、市場の成長に寄与しています。

CAGRが最も高い地域:

北米は、液化天然ガス(LNG)インフラストラクチャの需要が急増しているため、予測期間中に収益性の高い成長が見込まれています。北米は、半導体製造、航空宇宙、調査などの産業において存在感が強く、超伝導材料製造から宇宙探査まで幅広い用途で極低温ポンプの需要を牽引しています。

無料カスタマイズサービス:

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます:

  • 企業プロファイル
    • 追加市場プレイヤーの包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査ソース
    • 1次調査ソース
    • 2次調査ソース
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • エンドユーザー分析
  • 新興市場
  • 新型コロナウイルス感染症(COVID-19)の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界の極低温ポンプ市場:タイプ別

  • 遠心分離
  • 正の変位

第6章 世界の極低温ポンプ市場:ガス別

  • 酸素
  • アルゴン
  • 窒素
  • その他のガス

第7章 世界の極低温ポンプ市場:方向性別

  • 水平
  • 垂直

第8章 世界の極低温ポンプ市場:設計別

  • 潜水可能
  • 潜水不可

第9章 世界の極低温ポンプ市場:エンドユーザー別

  • エネルギーと電力
  • エレクトロニクス
  • 冶金
  • ヘルスケア
  • 医薬品
  • その他のエンドユーザー

第10章 世界の極低温ポンプ市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋地域
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東とアフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第11章 主な発展

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品の発売
  • 事業拡大
  • その他の主要戦略

第12章 企業プロファイル

  • Nikkiso Co., Ltd.
  • Sumitomo Heavy Industries Ltd.
  • Ebara Corporation
  • Huzhou Baihui Cryogenic Equipment Co., Ltd
  • The Weir Group PLC
  • Indian Compressors Ltd
  • Cryostar SAS
  • SMS Pumps & Engineers
  • Flowserve Corporation
  • Brooks Automation Inc.
  • PHPK Technologies Inc.
  • Sulzer
  • Fives
  • Trillium Flow Technologies
  • SHI Cryogenics Group
図表

List of Tables

  • Table 1 Global Cryogenic Pump Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 3 Global Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 4 Global Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 5 Global Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 6 Global Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 7 Global Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 8 Global Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 9 Global Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 10 Global Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 11 Global Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 12 Global Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 13 Global Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 14 Global Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 15 Global Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 16 Global Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 17 Global Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 18 Global Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 19 Global Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 20 Global Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 21 Global Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 22 Global Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 23 North America Cryogenic Pump Market Outlook, By Country (2021-2030) ($MN)
  • Table 24 North America Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 25 North America Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 26 North America Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 27 North America Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 28 North America Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 29 North America Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 30 North America Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 31 North America Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 32 North America Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 33 North America Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 34 North America Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 35 North America Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 36 North America Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 37 North America Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 38 North America Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 39 North America Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 40 North America Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 41 North America Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 42 North America Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 43 North America Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 44 North America Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 45 Europe Cryogenic Pump Market Outlook, By Country (2021-2030) ($MN)
  • Table 46 Europe Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 47 Europe Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 48 Europe Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 49 Europe Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 50 Europe Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 51 Europe Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 52 Europe Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 53 Europe Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 54 Europe Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 55 Europe Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 56 Europe Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 57 Europe Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 58 Europe Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 59 Europe Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 60 Europe Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 61 Europe Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 62 Europe Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 63 Europe Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 64 Europe Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 65 Europe Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 66 Europe Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 67 Asia Pacific Cryogenic Pump Market Outlook, By Country (2021-2030) ($MN)
  • Table 68 Asia Pacific Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 69 Asia Pacific Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 70 Asia Pacific Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 71 Asia Pacific Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 72 Asia Pacific Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 73 Asia Pacific Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 74 Asia Pacific Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 75 Asia Pacific Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 76 Asia Pacific Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 77 Asia Pacific Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 78 Asia Pacific Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 79 Asia Pacific Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 80 Asia Pacific Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 81 Asia Pacific Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 82 Asia Pacific Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 83 Asia Pacific Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 84 Asia Pacific Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 85 Asia Pacific Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 86 Asia Pacific Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 87 Asia Pacific Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 88 Asia Pacific Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 89 South America Cryogenic Pump Market Outlook, By Country (2021-2030) ($MN)
  • Table 90 South America Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 91 South America Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 92 South America Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 93 South America Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 94 South America Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 95 South America Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 96 South America Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 97 South America Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 98 South America Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 99 South America Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 100 South America Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 101 South America Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 102 South America Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 103 South America Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 104 South America Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 105 South America Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 106 South America Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 107 South America Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 108 South America Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 109 South America Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 110 South America Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 111 Middle East & Africa Cryogenic Pump Market Outlook, By Country (2021-2030) ($MN)
  • Table 112 Middle East & Africa Cryogenic Pump Market Outlook, By Type (2021-2030) ($MN)
  • Table 113 Middle East & Africa Cryogenic Pump Market Outlook, By Centrifugal (2021-2030) ($MN)
  • Table 114 Middle East & Africa Cryogenic Pump Market Outlook, By Positive Displacement (2021-2030) ($MN)
  • Table 115 Middle East & Africa Cryogenic Pump Market Outlook, By Gas (2021-2030) ($MN)
  • Table 116 Middle East & Africa Cryogenic Pump Market Outlook, By Oxygen (2021-2030) ($MN)
  • Table 117 Middle East & Africa Cryogenic Pump Market Outlook, By Argon (2021-2030) ($MN)
  • Table 118 Middle East & Africa Cryogenic Pump Market Outlook, By Nitrogen (2021-2030) ($MN)
  • Table 119 Middle East & Africa Cryogenic Pump Market Outlook, By Other Gases (2021-2030) ($MN)
  • Table 120 Middle East & Africa Cryogenic Pump Market Outlook, By Orientation (2021-2030) ($MN)
  • Table 121 Middle East & Africa Cryogenic Pump Market Outlook, By Horizontal (2021-2030) ($MN)
  • Table 122 Middle East & Africa Cryogenic Pump Market Outlook, By Vertical (2021-2030) ($MN)
  • Table 123 Middle East & Africa Cryogenic Pump Market Outlook, By Design (2021-2030) ($MN)
  • Table 124 Middle East & Africa Cryogenic Pump Market Outlook, By Submersible (2021-2030) ($MN)
  • Table 125 Middle East & Africa Cryogenic Pump Market Outlook, By Non-Submersible (2021-2030) ($MN)
  • Table 126 Middle East & Africa Cryogenic Pump Market Outlook, By End User (2021-2030) ($MN)
  • Table 127 Middle East & Africa Cryogenic Pump Market Outlook, By Energy & Power (2021-2030) ($MN)
  • Table 128 Middle East & Africa Cryogenic Pump Market Outlook, By Electronics (2021-2030) ($MN)
  • Table 129 Middle East & Africa Cryogenic Pump Market Outlook, By Metallurgy (2021-2030) ($MN)
  • Table 130 Middle East & Africa Cryogenic Pump Market Outlook, By Healthcare (2021-2030) ($MN)
  • Table 131 Middle East & Africa Cryogenic Pump Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 132 Middle East & Africa Cryogenic Pump Market Outlook, By Other End Users (2021-2030) ($MN)
目次
Product Code: SMRC25577

According to Stratistics MRC, the Global Cryogenic Pump Market is accounted for $1.28 billion in 2023 and is expected to reach $2.0 billion by 2030 growing at a CAGR of 6.6% during the forecast period. A cryogenic pump is a specialized device used to transfer and manipulate extremely cold fluids, typically in the realm of cryogenics, where temperatures drop well below those achievable with conventional refrigeration methods. These pumps are designed to handle liquefied gases, such as nitrogen, oxygen, or helium, which exist at extremely low temperatures. Cryogenic pumps employ various mechanisms, including centrifugal or displacement methods, to draw in and expel these ultra-cold fluids, ensuring efficient and reliable transfer processes for applications like industrial gas processing, medical imaging, and scientific research involving superconductors and low-temperature physics.

According to the World LNG Report 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day (Bcf/d), a 5% increase compared with 2021.

Market Dynamics:

Driver:

Rising demand for petrochemical

Petrochemical processes such as liquefied natural gas (LNG) production, ethylene and propylene refining, and nitrogen liquefaction rely heavily on cryogenic pumps for the handling, transfer, and processing of liquefied gases at extremely low temperatures. Furthermore, with increasing global demand for petrochemical products driven by population growth, urbanization, and industrialization, the need for efficient and reliable cryogenic pumping solutions is on the rise. As a result, rising demand for petrochemicals is a significant factor driving market demand.

Restraint:

Fluctuations in raw material prices

Cryogenic pumps require specialized materials such as stainless steel, nickel alloys, and high-performance polymers to withstand the extreme temperatures and corrosive properties of cryogenic fluids. However, the fluctuations in steel prices owing to the regulations for greenhouse gas emissions have reduced steel production, leading to inflation in steel prices, which is hampering the production of cryogenic pumps and, in turn, affecting the growth of the cryogenic pump.

Opportunity:

Technological advancements

Technological advancements serve as a key driver in the growth of the cryogenic pump market, continually enhancing the performance, efficiency, and reliability of cryogenic pump systems. Advancements in materials science have led to the development of new alloys and composites with enhanced properties, such as improved resistance to corrosion, thermal conductivity, and mechanical strength. Furthermore, innovations in pump design, such as optimized impeller geometries, enhanced sealing mechanisms, and advanced bearing technologies, contribute to higher efficiency and performance levels.

Threat:

Safety Concerns

Cryogenic pumps handle extremely low-temperature fluids, often at or below -150 degrees Celsius, presenting inherent risks related to the handling, storage, and transportation of cryogenic liquids such as liquid nitrogen, oxygen, and LNG. However, the potential hazards associated with cryogenic fluids include cryogenic burns, as exposure to these ultra-low temperatures can cause severe tissue damage upon contact with skin or other materials.

Covid-19 Impact

The COVID-19 pandemic has had a notable impact on the cryogenic pump market. Initially, the pandemic led to disruptions in global supply chains, causing delays in the manufacturing and delivery of cryogenic pump components and systems. However, the pandemic also highlighted the critical role of cryogenic technology in healthcare, particularly in the storage and distribution of COVID-19 vaccines, many of which require ultra-low temperatures for preservation. This increased focus on healthcare applications may offset some of the market downturn experienced in other sectors.

The centrifugal segment is expected to be the largest during the forecast period

The centrifugal segment is estimated to hold the largest share. Centrifugal pumps play a crucial role in the efficient transfer and handling of liquefied gases at extremely low temperatures. Centrifugal pumps operate by converting mechanical energy from a motor into kinetic energy, which then drives the fluid through the pump's impeller and into a volute casing. Moreover, centrifugal pumps are particularly well-suited for cryogenic applications due to their ability to handle low-viscosity fluids and operate smoothly at high flow rates.

The energy & power segment is expected to have the highest CAGR during the forecast period

The energy & power segment is anticipated to have lucrative growth during the forecast period. Cryogenic pumps find extensive use in power generation facilities, particularly in the cooling and handling of liquid oxygen (LOX) and liquid hydrogen (LH2) for rocket propulsion systems, fuel cells, and gas turbine power plants. Moreover, cryogenic pumps are utilized in energy-intensive industries such as steelmaking and chemical processing for the handling of liquefied gases like nitrogen and argon, which are essential for various industrial processes including cryogenic cooling and purging.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. The increasing demand for liquefied natural gas (LNG) as a cleaner energy source has led to a rise in cryogenic pump installations across LNG terminals and facilities. Furthermore, the region's growing semiconductor and electronics industries rely on cryogenic pumps for the production of advanced semiconductor devices and superconducting materials, contributing to the market's growth.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period due to the burgeoning demand for liquefied natural gas (LNG) infrastructure, North America's strong presence in industries such as semiconductor manufacturing, aerospace, and research also drives the demand for cryogenic pumps for applications ranging from superconducting material production to space exploration.

Key players in the market

Some of the key players in the Cryogenic Pump Market include Nikkiso Co., Ltd., Sumitomo Heavy Industries Ltd., Ebara Corporation, Huzhou Baihui Cryogenic Equipment Co., Ltd, The Weir Group PLC, Indian Compressors Ltd, Cryostar SAS, SMS Pumps & Engineers, Flowserve Corporation, Brooks Automation Inc., PHPK Technologies Inc., Sulzer, Fives, Trillium Flow Technologies and SHI Cryogenics Group.

Key Developments:

In April 2023, Sulzer and Siemens LDA announced digital collaboration bringing together their respective IoT-platforms and services, BLUE BOX(TM) and SIDRIVE IQ, the two companies are collaborating to deliver an integrated solution that improves equipment reliability and cuts operations costs.

In December 2022, Sumitomo Heavy Industries, Ltd. announced a strategic collaboration with CoreTech System Co., Ltd. to strengthen the integration between virtual CAE simulation and physical injection molding machines.

In November 2022, Sulzer and Blue Planet deepen collaboration to accelerate decarbonization of concrete and the construction sector. The ground-breaking mineralization process permanently stores carbon emissions captured from heavy industries in aggregate form, which can then be used to produce carbon-negative concrete.

Types Covered:

  • Centrifugal
  • Positive Displacement

Gases Covered:

  • Oxygen
  • Argon
  • Nitrogen
  • Other Gases

Orientations Covered:

  • Horizontal
  • Vertical

Designs Covered:

  • Submersible
  • Non-Submersible

End Users Covered:

  • Energy & Power
  • Electronics
  • Metallurgy
  • Healthcare
  • Pharmaceuticals
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Cryogenic Pump Market, By Type

  • 5.1 Introduction
  • 5.2 Centrifugal
  • 5.3 Positive Displacement

6 Global Cryogenic Pump Market, By Gas

  • 6.1 Introduction
  • 6.2 Oxygen
  • 6.3 Argon
  • 6.4 Nitrogen
  • 6.5 Other Gases

7 Global Cryogenic Pump Market, By Orientation

  • 7.1 Introduction
  • 7.2 Horizontal
  • 7.3 Vertical

8 Global Cryogenic Pump Market, By Design

  • 8.1 Introduction
  • 8.2 Submersible
  • 8.3 Non-Submersible

9 Global Cryogenic Pump Market, By End User

  • 9.1 Introduction
  • 9.2 Energy & Power
  • 9.3 Electronics
  • 9.4 Metallurgy
  • 9.5 Healthcare
  • 9.6 Pharmaceuticals
  • 9.7 Other End Users

10 Global Cryogenic Pump Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Nikkiso Co., Ltd.
  • 12.2 Sumitomo Heavy Industries Ltd.
  • 12.3 Ebara Corporation
  • 12.4 Huzhou Baihui Cryogenic Equipment Co., Ltd
  • 12.5 The Weir Group PLC
  • 12.6 Indian Compressors Ltd
  • 12.7 Cryostar SAS
  • 12.8 SMS Pumps & Engineers
  • 12.9 Flowserve Corporation
  • 12.10 Brooks Automation Inc.
  • 12.11 PHPK Technologies Inc.
  • 12.12 Sulzer
  • 12.13 Fives
  • 12.14 Trillium Flow Technologies
  • 12.15 SHI Cryogenics Group