Press Release / Computer / Cryopumps Market Research Report Upto 2025 Size, Share, Growth, Trends and Forecast

Cryopumps Market Research Report Upto 2025 Size, Share, Growth, Trends and Forecast

Cryopumps Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025, The global cryopumps market stood at USD 1.55 Bn in 2016 and is anticipated to reach USD 2.03 Bn by 2025, at a CAGR of 3.4% during the forecast period of 2017 to 2025.Cryogenic pumps are designed to move coolants and cryogenic liquids. They are built to withstand and operate in extremely cold temperatures. Cryogenic pumps feature hermetically sealed designs to minimize heat leakage from the motor or contamination by process fluids into the cryogenic fluid.

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Cryogenic pumps for use in extremely cold environments are usually constructed with a vacuum housing to provide a barrier between the motor and the cryogenic fluid. Cryogenic pumps are used to circulate coolant in a variety of applications, including cooling high temperature superconducting cables or magnets, for cooling synchrotron beamline crystals, and as pumps in prototype slush hydrogen applications. The major factor driving the cryogenic pumps market is the increasing application across multiple industries. Moreover, as more and more complex industrial processes evolve which incorporates the usage of liquid gases, demand for cryogenic pumps is bound to increase. The rapidly growing demand for energy and power is expected to drive more demand for LNG and thus, ways to handle its transportation, further fuelling more revenues to the global cryogenic pumps market. Rising demand for medical gases is expected to assist the demand for cryogenic pumps in the future. According to market experts, as the demand for liquid gases will increase across various industries, application of cryogenic pump will also become inevitable.

In 2015, the centrifugal pumps held the largest share in the cryopumps market by pump functionality. The major factors driving the centrifugal pumps market include its design simplicity, high efficiency, wide range of capacity and head, smooth flow rate and ease of operation and maintenance. Factors such as rapid investments in the power generation will aid in the growth of centrifugal pump market during the forecast period. Positive displacement pumps are anticipated to grow at the highest growth rate during the forecast period as it is best for dosing and injection pumps, suitable for high pressure.

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"Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Cryopumps Market Portraiture
2.2 Global Cryopumps Market, by Pump Functionality, 2015 & 2024 (Value %)
2.3 Global Cryopumps Market, by Pump Type, 2015 (US$ Bn)
2.4 Global Cryopumps Market, by Geography, 2015 (Value %)
Chapter 3 Global Cryopumps Market Overview
3.1 Market Definition and Scope
3.1.1 Drivers
3.1.1.1 Growing gas-based power generation across the world to reduce carbon footprints is assisting market growth of cryopumpss
3.1.1.2 Rising demand for medical gases is expected to assist the demand for cryopumps in the near future
3.2 Challenges
3.2.1.1 Global steel production is decreasing and affecting the growth of cryopumpss market
3.2.1.2 Low capital investments in the semiconductor manufacturing industry
3.2.2 Opportunities
3.2.2.1 Growing focus on solar power generation have created opportunities for cryopumpss market
3.3 Attractive Investment Proposition
3.4 Competitive Analysis: Global Cryopumps Market, 2015 (Value %)
Chapter 4 Global Cryopumps Market Analysis, By Pump Functionality
4.1 Overview
4.2 Centrifugal Pump
4.3 Positive Displacement Pump

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