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Cryogenic Pump Market Analysis 2020 Global Trends, Share, Industry Size and Segmentation by 2023
Global Cryogenic Pump Market 2020 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market.

Cryogenic Pump Market, 9/16/2020 - Global Cryogenic Equipment Market - Overview

The global Cryogenic Equipment Market 2020 is expected to witness substantial growth over the review period at a 6.9% CAGR, as per the detailed report by Market research future (MRFR). The cryogenic equipment encompasses cryogenic storage racks & boxes, temperature controllers, cryogenic refrigerators, cryogenic tanks, and other cryogenic accessories. A cryogenic tank is usually applied for the purpose of storing cryogenic gases such as carbon dioxide, liquid oxygen, argon, methane, and nitrogen.

Competitive Landscape:

The major players of the global cryogenic equipment market, as identified by MRFR, are INOX India Ltd., Parker Hannifin, Flowserve Corporation, Cryoquip LLC, Chart Industries Inc., Air Liquide, VRV S.P.A, Linde Group AG, Herose GmbH, Graham Partners, Emerson, Cryofab Inc., Beijing Tianhai Industry Co.Ltd, among others.

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Industry Highlights:

Cryogenic equipment is used in several other applications that include food preservation, transportation & storage of liquefied gases, rocket fuels, cryosurgery, and super-conducting electromagnets, among others. With the rising demand for liquid gases across different sectors, application of cryogenic equipment becomes extremely important.

Global Cryogenic Equipment Market Segmental Analysis:

According to the reports by MRFR, the cryogenic equipment market is segmented on the basis of end-users, components, and cryogen.

By the mode end-users, the market is segmented into chemical, oil & gas, electronics, food & beverages, pharmaceutical, healthcare, shipping, mining & metallurgy, and others.

By the mode of components, the market is segmented into valve, tank, pump & vaporizer and others.

By the mode of cryogen used, the market has been segmented as oxygen, nitrogen, argon, and others.

Cryogenic Equipment Industry Regional Overview:

The geographical overview of the global market for cryogenic equipment is analyzed in precisely four regions, including the Asia Pacific, North America, Europe, and the Rest of the world (comprising Latin America and the Middle East and Africa).

The North American cryogenic equipment market is anticipated to record the highest growth and acquire the largest market share over the review period.

The Asia Pacific region is also poised to witness substantial growth over the review period owing to the rapid expansion of the energy and power sector, and carbon emission in emerging economies such as China, Australia, and India.

In the Rest of the World segment, the middle east and Africa region are also expected to gain significant traction over the assessment period, driven by the established oil and gas sector in the middle east.

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