The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Cryogenic Pump Market Size, Industry Share and Growth Rate 2019-2026” published the above information.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
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This Report Answers the Following Questions-
• What are the cryogenic pump market trends?
• Which growth drivers and hindrances would the market face?
• How many regions are expected to grow considerably in the coming years?
• Which segment would dominate in terms of share?
• What are the opportunities and challenges present in the market?
Top Players Overview:
• Schlumberger
• Altas Copco
• Cryofab
• INOXCVA
• Linde
• VRV
• ITT
• KSB
• Weir
• Wilo AG
• Sulzer
• Flowserve Corporation
• Grundfos
• Nikkiso
• Wessington Cryogenics
• Ebara Corporation
• Roper Industries
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The rising instability in crude oil prices is expected to positively impact the growth of the Cryogenic Pump Market. Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for energy and power plants across the globe.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Cryogenic Pump Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Cryogenic Pump Market.
Key Segmental Overview:
• By Type
• By Cryogenic Gas
• By End User
• By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
Regional Analysis:
• North America (The USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Competitive Landscape-
Elliott Group Buys Property for Pump Testing; Nikkiso Acquires the Cryogenic Industries Group
The market consists of several companies that are engaging in mergers and acquisition strategy to gain competitive edge. Other are striving to expand their facilities by purchasing new properties. Below are a couple of the key industry developments:
• October 2019: Elliott Group, a designer, manufacturer, and installer of turbo-machinery for prime moves, based in the U.S., bought the property of Jeannette Glass company for developing its new cryogenic pump testing facility. At the same time, the company secured an air permit that will feature safety and control systems for the facility. As per the company officials, it has recently added cryogenic pumps in its product offerings. One of the most crucial steps of the manufacturing process is to test these units prior to shipping. It would help the company in broadening its geographic presence.
• April 2017: Nikkiso Co., Ltd., a pump and pumping equipment manufacturing company headquartered in Japan, announced its acquisition of 100% shares in the Cryogenic Industries group that includes Cryogenic Industries AG (“CIS”), Cryoquip LLC, Cosmodyne LLC, and ACD LLC. The Japan-based company is focusing of delivering products and services equipped with state-of-the-art technology.
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Major Table of Content for Cryogenic Pump Market:
• Introduction
o Research Scope
o Market Segmentation
o Research Methodology
o Definitions and Assumptions
• Executive Summary
• Market Dynamics
o Market Drivers
o Market Restraints
o Market Opportunities
• Key Insights
o Key Emerging Trends – For Major Countries
o Latest Technological Advancement
o Regulatory Landscape
o Industry SWOT Analysis
o Porters Five Forces Analysis
• Global Cryogenic Pump Market Analysis (USD Billion), Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis, Insights and Forecast – By Type
 Positive Displacement Pump
 Centrifugal Pump
o Market Analysis, Insights and Forecast – By Cryogen Type
 Nitrogen
 Oxygen
 Argon
 Liquefied Natural Gas (LNG)
 Other
o Market Analysis, Insights and Forecast – By End-User
 Oil & Gas
 Metallurgy
 Power Generation
 Chemical & Petrochemical
 Marine
 Others
o Market Analysis, Insights and Forecast – By Region
 North America
 Europe
 Asia Pacific
 Middle East & Africa
 Latin America
TOC Continued.......!
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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