The global cryogenic pump market is expected to reach USD 1.96 Billion by 2021, at a CAGR of 3.28% from 2016 to 2021. Increasing focus on gas-based generation and growing demand for medical gases are expected to drive the cryogenic pump market. Cryogenic pumps are employed to create, withstand, and operate in temperatures which are in the range of -120°C or below. They are used for refrigeration by using cryogenic gases such as nitrogen, helium, and argon among others. The global cryogenic pump market has been segmented on the basis of type, cryogenic gases, end-user, and region. In the cryogenic pump market, by end-user, the energy & power segment is expected to lead the market during the forecast period.

The leading players in the industry, based on their recent developments and other strategic industrial activities, include Sumitomo Heavy Industries Ltd. (Japan), Ebara Corporation (Japan), Flowserve Corporation (U.S.), Fives S.A. (France), and Brooks Automation Inc. (U.S.). Contracts and agreements was the most commonly used strategy by top players in the market, constituting half of the total developments share. It was followed by expansions and mergers & acquisitions.

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Scope of the Report:

The report segments the market on the basis of type, cryogenic gases, end-user, and region.

By Type

·         Centrifugal

·         Positive Displacement

By Cryogenic Gases

·         Nitrogen

·         Oxygen

·         Argon

·         LNG

·         Others

By End-User

·         Energy & Power

·         Metallurgy

·         Chemicals

·         Electronics

·         Others

By Region

·         Asia-Pacific

·         Europe

·         North America

·         South America

·         The Middle East

·         Africa

Browse 65 market data Tables and 53 Figures spread through 138 Pages and in-depth TOC on "Managed Pressure Drilling Services Market - Global Trends and Forecasts to 2021"

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Research Methodology

The cryogenic pump market valuation for various segments has been arrived by using cryogenic pump implementations in various regions and planned investments of operators. Finally, the global market size has been arrived at by consolidating markets of individual regions. Industry experts have also been contacted for validating the key findings of the report, in order to estimate the market appropriately. Individual responses and the viewpoints have been carefully studied and incorporated in the report. The market numbers have also been validated by both the top-down and bottom-up estimation approaches. In the top-down approach, regional and segmental markets have been derived from the parent market, considering the share of the segments. On the other hand, in the bottom-up approach, individual segment/regional market has been added to arrive at the final parent market.