#cryogenic pump market outlook

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The Cryogenic Pump Market is poised to grow at a CAGR of 6.5% by 2027. Factors such as an increase in gas-based power generation and increasing investments in the energy and power sector are likely to drive the cryogenic pump market

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Navigating Regulatory Frameworks in the LNG Bunkering Market

The Growing Importance of LNG as a Maritime Fuel LNG Adoption Rises as IMO Regulations Tighten With new regulations coming into effect to drastically reduce the amount of sulfur allowed in maritime fuel, ship owners are scrambling to find compliant options. One solution that is gaining significant traction is the use of liquefied natural gas (LNG) as a marine fuel. The International Maritime Organization's (IMO) sulfur cap, which takes effect globally on January 1, 2020, lowers the sulfur content limit from 3.5% to just 0.5%. Rather than investing in expensive sulfur scrubbers or switching to higher-priced compliant fuels like very low sulfur fuel oil (VLSFO), many ship owners are opting to future-proof their fleets with LNG conversions and newbuilds. Developing the Global LNG Bunkering Infrastructure As more ships adopt LNG, an extensive network of LNG bunkering facilities must be developed around the world's ports to enable reliable fueling. Pioneering locations like Norway already have experience in LNG bunkering and are serving as models for other regions. In Europe, companies are collaborating on projects to establish bunkering hubs in the Netherlands, Belgium and Germany. Challenges in LNG Bunkering Technologies While demand is rising rapidly, providing LNG as a viable maritime fuel on a global scale presents unique technical challenges compared to conventional oil-based bunkering. New bunker vessel designs must ensure safe handling and transfer of the cryogenic fuel. Portside infrastructure needs to accommodate larger tank capacities for equivalent energy provision. Standardized regulations and procedures around safety, operations and liability are still evolving. Terminal logistics such as truck-to-ship transport and inventory management require innovation. Harmonizing technical rules across different regulatory bodies remains an obstacle to establishing a truly interconnected supplier network. Ongoing R&D aims to overcome barriers through advanced cryogenic storage and pumping systems. Benefits Luring More Adopters to LNG Despite current gaps that need bridging, the compelling advantages of LNG are pulling the industry toward widespread bunker availability in the long run. LNG produces virtually zero sulfur and particulate emissions, meeting the IMO's stringent environmental targets. It reduces nitrous oxides by 85% compared to diesel oil and cuts carbon footprint significantly versus heavy fuel oil when considering methane slippage. Operational costs for LNG-powered ships are comparable or only moderately higher than conventional counterparts.

The Business Opportunity in LNG Bunkering Suppliers and service providers are pursuing major opportunities emerging from the growth of LNG as a marine fuel. Terminals are expanding storage and handling capacity to capture bunkering demand. Equipment manufacturers are designing specialized bunkering vessels, tank containers and truck-to-ship transfer systems. Traders are securing long-term LNG supply for bunkering hubs. Outlook While overcoming remaining challenges, widespread LNG bunkering networks and adoption are inevitable by all projections. The IMO regulations will significantly stimulate demand especially for vessels operating in Emission Control Areas with stricter emission limits. Broader sustainability goals will accelerate the transition to cleaner alternatives. Larger ships are best suited initially due to tank size constraints on smaller vessels. As technologies advance, LNG will permeate deep-sea shipping and progressively flow down to short-sea and regional shipping segments. LNG's compelling business case will drive continued investments into bunkering infrastructure around major ports. With environmental stewardship and regulatory compliance at stake, LNG's future as a leading marine fuel option looks very bright.

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Icy Technological Marvels: Analyzing the Evolution of Cryogenic Equipment Solutions in 2023

In the realm of industrial technologies, cryogenic equipment represents a crucial frontier, supporting a myriad of applications across industries. As we step into 2023, the Cryogenic Equipment Market stands poised at the forefront of innovation, driving advancements in various sectors and redefining the possibilities of low-temperature engineering.

Fueling Technological Innovation:

The Cryogenic Equipment Market in 2023 stands as a testament to the ever-expanding frontiers of low-temperature technology. Cryogenics, the science of extremely low temperatures, finds application in industries ranging from healthcare and aerospace to energy and manufacturing. It enables the storage, handling, and manipulation of substances at extremely cold temperatures, unlocking diverse possibilities in scientific research and industrial operations.

Enabling Industrial Advancements:

Cryogenic equipment encompasses an array of devices and systems, including tanks, valves, pumps, and refrigeration units, designed to handle liquefied gases such as nitrogen, oxygen, and hydrogen. These equipment types facilitate various industrial processes, such as cryopreservation, liquefaction of gases, superconductivity, and cooling applications in sectors like healthcare, food processing, and metallurgy.

Driving Energy and Environmental Sustainability:

In the pursuit of cleaner and more efficient energy solutions, cryogenic equipment plays a vital role. Liquefied natural gas (LNG) and liquid hydrogen, stored and transported using cryogenic technology, serve as cleaner fuel alternatives, contributing to environmental sustainability and reduced carbon emissions. The use of cryogenics in energy storage and renewable energy applications is propelling the market's growth in 2023.

Innovations and Market Dynamics:

The Cryogenic Equipment Market of 2023 witnesses ongoing innovations in insulation materials, efficient storage and transportation systems, and safety features. Advancements in cryogenic materials, coupled with improved designs for efficient heat exchange, enhance the durability, reliability, and energy efficiency of cryogenic equipment, driving market growth and adoption.

Health and Medical Advancements:

In the healthcare sector, cryogenic equipment is instrumental in cryosurgery, cryopreservation of biological samples, and medical imaging. Cryogenic systems enable precise temperature control critical for preserving organs, tissues, and vaccines, thereby contributing significantly to medical advancements and therapies.

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Future Outlook and Industry Evolution:

The forecast for the Cryogenic Equipment Market remains promising, with anticipated growth in various sectors driven by technological innovations and increasing demand for cryogenic solutions. Future trends suggest a focus on advancements in cryogenic storage systems, safety protocols, and the expansion of cryogenics into emerging industries like biotechnology and space exploration.

Conclusion:

In 2023, the Cryogenic Equipment Market stands as a cornerstone of industrial progress and innovation, catering to diverse applications across sectors. Its role in enabling cutting-edge technologies, advancing healthcare solutions, and driving environmental sustainability underscores its significance in shaping the future of various industries. As cryogenic technology continues to evolve, its potential to revolutionize industrial processes and address global challenges positions it as a key enabler of innovation and progress in the years to come.

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Whisper Valve Market Trend by Leading Companies, Regional Outlook 2035

Research Nester published a report titled “Whisper Valve Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global whisper valve market in terms of market segmentation by gauge type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global whisper valve market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2023 – 2035. The market is segmented by application into medical, food & beverage, hot-air balloon, and others. Out of these, the medical segment is anticipated to hold a substantial share over the forecast period on account of the growing demand for whisper valves in the cryogenic systems in healthcare sector. Whisper valve can reduce the loud noises of medical machinery, which is further expected to fuel the growth of the segment.

The global whisper valve market is estimated to grow on the back of increasing use of whisper valves to curb the noise generated by cryogenic systems in the medical industry, hot-air balloons, and others. Cryogenic systems, which are nitrogen based, produce extreme noise above 100 db, which is why, whisper valves are used to silence the systems. Furthermore, they are compact, easy to install and maintain, and are relatively less expensive, which is also anticipated to promote the market growth. Additionally, increasing application in the healthcare sector, backed by growing cases of organ transplant, are estimated to boost the market growth. 

On the basis of geographical analysis, the global whisper valve market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period, on account of the increasing demand for whisper valves in the healthcare sector, coupled with the hike in organ transplant surgeries. As per the data by the U.S. Health Resources & Services Administration, more than 40,000 organ transplants were performed in 2021.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increasing Use of Whisper Valves in Hospitals to boost the Market Growth

Whisper valves are used with cryogenic pumps to lower the noise produced by the systems. Cryogenic pumps are used to preserve organs for organ transplant. Hence, the growing cases of organ transplants at hospitals is bound to boost the market growth.

However, requirement of high initial investment is expected to operate as key restraint to the growth of global whisper valve market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global whisper valve market which includes company profiling of Koninklijke Philips N.V., Airgas, Inc., Starmed Health Care Private Limited, CapitalAir Corporation, Schreiner GmbH, Burkert Corporation, Manpro Equipments Private Limited, Chunji Corporation, Middlesex Gases & Technologies, Inc., and Vitality Medical. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global whisper valve market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Cryogenic Pumps Market - Technological breakthroughs, Value chain and stakeholder analysis by 2026

Cryogenic Pumps Market: Overview

A cryogenic pump is a vacuum pump that captures gas through surfaces, which are cooled to temperatures below 120K (Kelvin). These pumps offer vacuum pumping methods of choice for several high-vacuum and ultra-high-vacuum applications due to their high pumping speeds, cleanliness, and reliability. They can pump almost all gases, including noble gases, at lower temperatures.

Cryogenic Pumps Market: Drivers & Restraints

The cryogenic pumps market is primarily driven by factors such as increase in use of gases across health care and bioscience facilities and increasing investments in the energy & power sector. Moreover, rising investments in electrical & electronics and oil & gas sectors are also projected to fuel the cryogenic pumps market during the forecast period. However, reduction in steel production hinders the global cryogenic pumps market, as large amounts of industrial gases such as argon, helium, oxygen, and nitrogen are involved in the manufacture of steel and these gases are transported by using cryogenic pumps.

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Cryogenic Pumps Market: Key Segments

The global cryogenic pumps market can be segmented based on type, gas, end-user, and region. In terms of type, the global cryogenic pumps market can be divided into centrifugal displacement and positive displacement. The positive displacement segment is expected to witness growth at the maximum rate during the forecast period. A positive displacement pump is a device that transfers liquids by holding a certain volume of the liquid and displacing it into another pipe. Growing adoption of positive displacement pumps in various end-use industries, such as health care and electricals & electronics, is driving the global cryogenic pumps market.

Based on gas, the cryogenic pumps market can be segmented into nitrogen, hydrogen, argon, LNG, and others. In 2017, the hydrogen segment accounted for the maximum share of the global cryogenic pumps market and is anticipated to maintain its dominance throughout the forecast period. On the other hand, LNG is expected to be the rapidly expanding segment during the forecast period. This can be attributed to increasing use of LNG for power generation in the energy & power industry and growing usage of oil tankers for transportation in the shipbuilding industry.

In terms of end-user, the cryogenic pumps market can be segmented into chemical, health care, energy & power generation, electricals & electronics, metallurgy, and others. The health care segment is expected to register the maximum growth rate during the forecast period. This is primarily because gases such as oxygen, nitrogen, hydrogen, and nitrous oxide and gas mixtures are widely used for medical purposes, research in biotechnology, and drug processing. Cryogenic pumps are utilized to transfer a gas from the transportation system to the storage vessel as a compressed gas. These pumps are also employed to create required high vacuum in proton therapy systems, which are used in the treatment of cancer in order to irradiate the diseased tissue.

Cryogenic Pumps Market: Regional Outlook

Based on region, the global cryogenic pumps market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific led the global cryogenic pumps market in 2017, followed by North America. The global cryogenic pumps market in Asia Pacific is expected to expand at the highest CAGR during the forecast period. High investments in the infrastructure sector and increase in focus on renewable-based electricity generation in Asia Pacific are expected to provide substantial growth opportunities to the global cryogenic pumps market in the region in the next few years. China, India, Japan, and South Korea are major contributors to the global cryogenic pumps market in the region. Europe is another major global cryogenic pumps market. The region is witnessing a shift toward eco-friendly fuel sources such as LNG in order to reduce carbon emissions. This is likely to boost the global cryogenic pumps market in the region during the forecast period.

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Cryogenic Pumps Market: Key players

Key companies operating in the global cryogenic pumps market are Brooks Automation Inc., Linde Group, Ebara Corporation, Nikkiso Co. Ltd., Fives S.A., Flowserve Corporation, Global Tech India Pvt. Ltd., PHPK Technologies Inc., Sumitomo Heavy Industries Ltd., and Technex Limited.

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Europe Call Center Software Market Analysis {2022} Size, Share, Industries, Capital, etc. 2030

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Oil and Gas Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Oil and Gas Pumps Market: Overview

Pumps are very important in the oil and gas industry. They are used to displace oil in several instances such as inside oil drilling rigs and refineries. They are used for injection tasks, chemical transfers, gasoline transfers, or steam stripping. The oil and gas industry cannot operate without pumps that have been specifically designed for them.

Pumps in the oil and gas industry are designed for maximum reliability and optimum functioning. It is important to consider that the oil and gas industry faces a wide range of circumstances including temperatures, pressure, and chemicals. The pumps need to remain operational in such circumstances, whether onshore or offshore.

Oil and gas pump manufacturers need to meet many criteria to deliver quality pumps. This includes selecting right materials, their high-quality processing, and complying with various industry standards such as ISO/TS 29001 Certification.

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Oil and Gas Pumps Market: Key Segmentations

The global oil and gas pumps market can be segmented into type, application, and region. In terms of type, the oil and gas pumps market can be segregated into centrifugal pumps, positive displacement pumps, and cryogenic pumps. The positive displacement pumps segment can be further categorized into screw pumps, reciprocating pumps, and progressive cavity pumps. The differences between the pumps has a direct effect on their applications. For example, centrifugal pumps are contain one or more impellers to move fluid through rotation, draw it into the pump’s suction end, and force it through the discharge end using the centrifugal force. This technique allows centrifugal pumps to be used for a wide range of applications such as handling dirty liquids or those with low viscosity or high flow rates as long as they do not contain vapors, air, or large quantities of solids. They are preferred in the upstream phase of the oil and gas industry, as a part of tri-phase or multi-phase pumping applications.

Positive displacement pumps use rotating or reciprocating parts to transport the liquid into an enclosed space. The technique is designed to create pressure that drives the liquid to its destination. This type of pump is ideal for higher viscosity liquids, and are preferred in the upstream phase of an oil refinery. Some of the key advantages of the positive displacement pumps include its compact size, high-pressure ratio, and low-cost solution. However, they are noisy and require extensive maintenance.

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In terms of application, the oil and gas pumps market can be divided into upstream, downstream, and midstream. Pump applications that take place close to the source of oil, gas, or hydrocarbons, say offshore, are considered upstream applications. Downstream applications refer to the use of pumps during the processing of materials. However, the pumps are primarily used during transportation of oil and gas in midstream applications.

Oil and Gas Pumps Market: Regional Outlook

Based on region, the global oil and gas pumps market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Demand for oil and gas pumps is related to the presence of oil and gas industry in a region. Therefore, the Middle East is a key consumer of oil and gas pumps. Similarly, increase in fracking activities in North America is projected to create lucrative opportunities in the oil and gas pumps market in the region.

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Oil and Gas Pumps Market: Key Players

The global oil and gas pumps market consists of many small and big players with varying geographical reach. Key players operating in the oil and gas pumps market include SPP Pumps, PCM Group, KSB SE & Co. KGaA, Verder International B.V., and Kirloskar Brothers Limited (India).

Companies in the Oil and Gas Pumps market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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The “Global Nitrogen Cryogenic Pumps Market” Research Report is a valuable source of insightful data for business strategists. It provides the Nitrogen Cryogenic Pumps industry overview with growth analysis and historical & futuristic cost, revenue, market size, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This market study provides comprehensive data which enhances the understanding, scope and application of this report.

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Global Cryogenic Equipment Market Top 5 Competitors, Regional Trend, Application, Marketing Strategy, Outlook Analysis and Forecast

Global Cryogenic Equipment Market

Global Cryogenic Equipment Market was valued at USD 12.1 billion in 2020 which expected to reach USD 18.2 billion by 2027 at a CAGR 6.3%

Cryogenic equipments are used for maintenance, production, and application of materials at low temperature. Also, they include cryogenic refrigerators, temperature controllers, cryogenic storage racks & boxes, cryogenic tanks and other cryogenic accessories. Cryogenic tanks are used to store cryogenic gases like carbon dioxide, argon, methane, nitrogen, and liquid oxygen.

The expansion of manufacturing industry plays an important role in the economic growth which includes a competition among giant & small players, partnership & collaboration, investments, spending capability of consumers, mergers & acquisitions, and expansion of new projects. These are some driving factors which contribute the global cryogenic equipments market growth.

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The increase in investments in liquefied natural gas based power plants is a key driving factor which expected to drive the global cryogenic equipment market growth over the forecast period. The increase in demand for LNG due to a rise in gas based power plants & the trend of adopting LNG fuel in locomotive as well as marine transport applications. The rise in demand for energy from these plants will contribute revenue growth cryogenic equipment market.

 Also, the rise in demand for transportation and storage industries are also boosting the market growth. The growing demand for industrial and specialty gases in oil and gas sector coupled with technological advancements in developing and developed regions are prominent factors expected to fuel the market growth.

 Furthermore, ongoing modernization and refurbishment of existing healthcare infrastructure as well as the increase in the number of projects of gas to liquids are expected to propel revenue growth of the cryogenic equipment market during this forecast period. Moreover, factors such as adoption of standards for environmental protection and innovative cryogenic equipment which are expected to accelerate the growth of the target market. For instance, Chart Industries Inc., is the manufacturer of cryogenic equipment, had developed new applications like LN? dosing system for the craft beer market to enhance the shelf life of the product. The growing implementation of high temperature superconductor power cables is a one of the major driving factors which promotes the importance to develop improved & advanced cryogenic equipment will support the market growth.

The increase in investments in various developing regions to construct smart cities and high speed trains is expected to create opportunities for players operating in the cryogenic equipment market in the near future.

 Market Restrains

Huge initial investment for setting up cryogenic equipment for large-scale industrial applications is a major restraint which expected to hamper the global cryogenic equipment market growth over the forecast time span. Also, the growing safety concerns may hinder the market growth. 

Regional Analysis

The Global Cryogenic Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The Asia Pacific is expected to hold largest revenue growth in the global cryogenic equipment market due to continuous investments in energy sector along with the increase in demand for LNG from developing countries like India, China, and Australia in this region. Also, the growing end use industries like food and beverage, chemical, healthcare, coupled with introduction of GHG emission reduction targets are some driving factors expected to booming the target market growth.

Europe is expected to significant grow at a significant growth rate due to  substantial application across the food & beverage, healthcare and electronics industries to store materials at minimal temperature requirements. The North America is estimated to capture a sizeable market share during this forecast period due to the increase in  industries such as food & beverage and healthcare sector, along with increasing environmental concerns in the region.

 Market Key Players

Some of the key operating players are discussed in this report including Honeywell International Inc., Chart Industries, Inc., Emerson Electric Co., Cryofab Inc, Linde plc, Beijing Tianhai Industry Co Ltd, Sumitomo Heavy Industries Ltd, Flowserve Corp, McDermott International Inc, etc.

 Market Taxonomy

By Product Type

Valve

Tank

Vaporizer

Pump

Others

By Cryogen Type

Liquefied Natural Gas

Argon

Oxygen

Nitrogen

Others

By End User

Oil and Gas

Metallurgy

Power Generation

Marine

Chemical & Petrochemical

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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Air Separation Plant Market Will See Strong Expansion Through 2025

Global Air Separation Plant Market: Snapshot

The global market for air separation plants is expanding at a promising pace, with a number of product quality and environment protection regulations fusing together to increase the scope of usage of pure air-based gases across a number of industries. A number of industries continue to consume vast volumes of pure oxygen and other air gases over ambient air as a way of minimizing pollution and adhering to clean initiatives.

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The oil and gas industry remains one of the key consumers of pure air gases, contributing significantly to the overall development of the global air separation plants market. This end-use sector is expected to provide vast growth opportunities to the global market in the near future, especially in region such as North America with a flourishing shale gas industry. The thriving food industry across developed as well as developing countries across the globe is emerging as a key consumer of food-grade air gases such as nitrogen, carbon dioxide, and oxygen for use across a number of application areas.

Owing to the rapid rise in demand for pure air gases, the global air separation plants market is presented with massive growth opportunities and is observing the entry of a number of new players. To stay ahead of the intense competition, companies are focusing on re-engineering air separation techniques to be able to improve the level of operation efficiency, increase production capacity, and reduce costs and energy consumption associated with production processes.

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Air separation plants are used for the separation of atmospheric air into its primary components including nitrogen and oxygen, apart from other rare inert gases such as xenon, neon, helium, and krypton. These plants are used to separate the required gases so that they can be employed for various purposes in industries such as iron- and steel-making, coal gasification, medical, and chemical. Air separation plants are commonly considered the only viable source to recover rare gases required in the industries mentioned above. Development in these industries is a major factor driving the air separation plant market.

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However, newer applications are constantly being discovered for these plants. For instance, of late, air separation plants are being used in Integrated Gasification Combined Cycle (IGCC) plants in order to help lower carbon emissions. The green industry is also emerging a viable new market for air separation plants. However, oil & gas and steelmaking industries are the major revenue generators of the global air separation plant market. Air separation plants do not have viable alternatives; hence, the outlook for the air separation plant market appears promising.

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Depending upon the requirement, air separation plants can be customized or be made available in the modular form. Different types of plants offer distinct advantages and can be selected accordingly. For instance, customized plants can be configured for high power efficiency and ease of maintenance through low operating expenses (OPEX). On the other hand, modular air separation plants minimize costs and technical risks, while maximizing operational flexibility. Different types of plants are employed to separate different gases from the air. The level of purity of these gases as well as their states (i.e. liquid, gaseous, or solid) can also be decided before the installation of the plants. Non-cryogenic process and plants yield nitrogen and oxygen of high purity levels.

In terms of extracting gases, two methods are most commonly used: cryogenic process and non-cryogenic process. Under the cryogenic process, low temperature rectification is applied using the boiling point of the various gases in air. Under the non-cryogenic process, differences in physical properties of the various gases are used. Types of non-cryogenic processes include pressure swing adsorption technique and vacuum pressure swing adsorption technique. Compressed air is processed for desired gases under the pressure swing adsorption technique. Under the vacuum pressure swing adsorption technique, vacuum pumps are used to decrease the desorption pressure.

In terms of region, Asia Pacific dominates the global air separation market. The industrial sector in the region, especially in China and India, offers lucrative opportunities for the air separation plant market. On the other hand, North America and Europe are mature markets. Middle East & Africa and Latin America are among the low revenue generators. Asia Pacific is expected to continue its dominant position in the air separation plant market during the forecast period. The performance of the air separation plant market in Europe and North America is likely to improve during the next few years.

Prominent companies operating in the air separation plant market include The Linde Group; Phoenix Equipment Corporation; Air Products and Chemicals Inc.; Hangzhou Hangyang Co. Ltd.; ING. L&A. Boschi; Kobelco Air Water Cryoplant, Ltd; Air Liquide; Matheson K-Air India Pvt. Ltd.; Siemens, Servomex Group Limited, and Universal Industrial Gases, Inc.

[tumb11]

Europe Call Center Software Market Analysis {2022} Size, Share, Industries, Capital, etc. 2030

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[market-research-industry]

Cryogenic Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Cryogenic Pumps Market: Overview

A cryogenic pump is a vacuum pump that captures gas through surfaces, which are cooled to temperatures below 120K (Kelvin). These pumps offer vacuum pumping methods of choice for several high-vacuum and ultra-high-vacuum applications due to their high pumping speeds, cleanliness, and reliability. They can pump almost all gases, including noble gases, at lower temperatures.

Cryogenic Pumps Market: Drivers & Restraints

The cryogenic pumps market is primarily driven by factors such as increase in use of gases across health care and bioscience facilities and increasing investments in the energy & power sector. Moreover, rising investments in electrical & electronics and oil & gas sectors are also projected to fuel the cryogenic pumps market during the forecast period. However, reduction in steel production hinders the global cryogenic pumps market, as large amounts of industrial gases such as argon, helium, oxygen, and nitrogen are involved in the manufacture of steel and these gases are transported by using cryogenic pumps.

Cryogenic Pumps Market: Key Segments

The global cryogenic pumps market can be segmented based on type, gas, end-user, and region. In terms of type, the global cryogenic pumps market can be divided into centrifugal displacement and positive displacement. The positive displacement segment is expected to witness growth at the maximum rate during the forecast period. A positive displacement pump is a device that transfers liquids by holding a certain volume of the liquid and displacing it into another pipe. Growing adoption of positive displacement pumps in various end-use industries, such as health care and electricals & electronics, is driving the global cryogenic pumps market.

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Based on gas, the cryogenic pumps market can be segmented into nitrogen, hydrogen, argon, LNG, and others. In 2017, the hydrogen segment accounted for the maximum share of the global cryogenic pumps market and is anticipated to maintain its dominance throughout the forecast period. On the other hand, LNG is expected to be the rapidly expanding segment during the forecast period. This can be attributed to increasing use of LNG for power generation in the energy & power industry and growing usage of oil tankers for transportation in the shipbuilding industry.

In terms of end-user, the cryogenic pumps market can be segmented into chemical, health care, energy & power generation, electricals & electronics, metallurgy, and others. The health care segment is expected to register the maximum growth rate during the forecast period. This is primarily because gases such as oxygen, nitrogen, hydrogen, and nitrous oxide and gas mixtures are widely used for medical purposes, research in biotechnology, and drug processing. Cryogenic pumps are utilized to transfer a gas from the transportation system to the storage vessel as a compressed gas. These pumps are also employed to create required high vacuum in proton therapy systems, which are used in the treatment of cancer in order to irradiate the diseased tissue.

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Cryogenic Pumps Market: Regional Outlook

Based on region, the global cryogenic pumps market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific led the global cryogenic pumps market in 2017, followed by North America. The global cryogenic pumps market in Asia Pacific is expected to expand at the highest CAGR during the forecast period. High investments in the infrastructure sector and increase in focus on renewable-based electricity generation in Asia Pacific are expected to provide substantial growth opportunities to the global cryogenic pumps market in the region in the next few years. China, India, Japan, and South Korea are major contributors to the global cryogenic pumps market in the region. Europe is another major global cryogenic pumps market. The region is witnessing a shift toward eco-friendly fuel sources such as LNG in order to reduce carbon emissions. This is likely to boost the global cryogenic pumps market in the region during the forecast period.

Cryogenic Pumps Market: Key Players

Key companies operating in the global cryogenic pumps market are Brooks Automation Inc., Linde Group, Ebara Corporation, Nikkiso Co. Ltd., Fives S.A., Flowserve Corporation, Global Tech India Pvt. Ltd., PHPK Technologies Inc., Sumitomo Heavy Industries Ltd., and Technex Limited.

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Companies in the Cryogenic Pumps market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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[blogsmithelenablr]

Cryogenic Insulation Market Analysis, Size, Latest Development in Manufacturing Technology, Cost Structure and Forecasts to 2027

Global Cryogenic Insulation Market

The Global Cryogenic Insulation Market Research Report is an investigative study by Reports and Data that offers an industry-wide analysis of the current and emerging growth trends, end-user analysis, and other key data verified and validated by industry experts and professionals. The report offers a comprehensive assessment of the market in terms of value, share, size, demand and supply, trends, competitive landscape, industrial chain analysis, and other key elements. The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.

Competitors include Lydall Inc., Armacell International Holding GmbH, BASF, Dunmore, Kaefer, Aspen Aerogel, Rochling Group and Vita Group.

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The report is further updated with the latest happenings in the market with regard to the currently unfolding COVID-19 pandemic. The pandemic has disrupted the supply chain across the world and has generated grave financial difficulties. The report assesses the impact of the pandemic on the Cryogenic Insulation market and its key elements. The report also offers a current and future impact of the COVID-19 pandemic with a futuristic outlook of the market in a post-COVID-19 scenario.

The investigative report on the Cryogenic Insulation market assesses the global market for the Cryogenic Insulation industry and offers estimates for the market in terms of revenue and capacity for the forecast timeline 2020-2027. The report sheds light on the factors that propel the growth of the industry. For better understanding, the report segments the Cryogenic Insulation market into key divisions such as types, applications, end-users, technology, and others. These segments are extensively analyzed to offer a better forecast for the global and regional markets. The report also analyzes the key companies engaged in the industry along with their product portfolio, business overview, strategic expansion plans, revenue generation, market share and size, regional presence, and production and manufacturing capacity.

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With the help of industry experts, market segmentation, and data collection, the report is formulated to help the reader make lucrative business decisions. The report offers an extensive database for technological developments and product advancements. It also offers insights into growth rate and market value, and furthermore, it offers a comprehensive analysis of niche market areas. The report offers strategic recommendations to the new players and established companies to make lucrative and well-informed business decisions.

The report covers the assessment of the key regional areas of the globe for the Cryogenic Insulation market is spread. The regions analyzed include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

By Type (Revenue in USD Million; 2016–2026)

Fibreglass

Cellular glass

Perlite insulation

Polyurethane (PU)

Polyisocyanurate (PIR)

By Application (Revenue in USD Million; 2016–2026)

Transportation

Energy and Power

Electronics

Medical

Chemical

By Form (Revenue in USD Million; 2016–2026)

Film

Foil

By Tools and Equipment (Revenue in USD Million; 2016–2026)

Tanks

Valves

Pressure Container

Pumps

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Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?

Which market segment is expected to register the highest growth in the forecast period?

What are the risks and threats that are affecting the market?

Which region is expected to dominate the market in the coming years?

Who are the prominent players in the industry? What strategic business plans have they undertaken?

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Thank you for reading our report. The report can be customized according to the clients’ needs. Please connect with us to know more, and our team will ensure the report is best suited to your needs.

About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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[dsiddhant]

According to the new market research "Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023", The global pumps market in oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals.                            

[researchreportinsight]

Freeze Drying Equipment Market Research, Growth Opportunities, Analysis and Forecasts Report 2020

27 January 2020 - Freeze Drying is a desiccation process typically used to preserve a perishable material. It is also known as lyophilization or cryodesiccation. The method comprises of removing all the moisture content from a material by drying and freezing it. This prevents the growth of the fungi & bacteria and preserves the products for longer storage duration in a moisture free conditions. The equipment for the process includes vacuum pumps, cryogenic liquid storage, freezing & vacuum chamber, tubing & nozzles and various sensors which help in the implementation of the process. Modern technologies are being used in the cryodesiccation process, replacing the traditional ones owing to the effectiveness and efficiency.

Dry freezing not only helps in the elimination of moisture but also retain the chemical properties, enhance usability in varying conditions and keep the aroma of the product. Demand for preserving beverages and food with a better quality and longer shelf life has been growing to fulfill the need of customers. The medical and pharmaceutical industry is experiencing rising demand for latest improved products to efficiently & effectively cater to the needs of the consumer.

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Medical & pharmaceuticals and food processing sector are anticipated to fuel the market growth of freeze drying equipment. Moreover, eco-friendly taxidermy and interments coupled with a constant rise in the leather and flower preservation for a longer time are projected to drive the market demand for lyophilization equipment. The development and growth of these segments are anticipated to be simultaneous.

The primary application of the dry-freeze is in the packaging, biotechnology, surgical procedures, and pharmaceuticals. Presently available industrial freeze drying equipment is massive in size and complex in nature, making their flexibility and movability a challenge. High maintenance and setup cost of these equipment can hamper the market growth of the freeze-drying market.

Product Insights

The global market for freeze drying equipment is divided into five categories namely general purpose, industrial freeze-dryers, bench top freeze-dryers, mobile dry freezers and laboratory freeze-dryers. Laboratory equipment is one of the leading product lines which is used for development purpose in medical industries. Bench top equipment is used in laboratories for biological studies by researchers and students. Industrial freeze drying equipment is widely used for preservation of beverages and food products. Portable freeze drying equipment is also anticipated to witness market growth due to the transportability and their multi-functionality. Generally, freeze-dryer are used for moisture elimination of food, leather, flowers etc.

Application Insights

On the basis of Application pharmaceuticals, biotechnology, surgical procedures, and food processing are the four segments for lyophilization equipment. Other niche applications include leather conservation and flower preservation.

The demand of the freeze-drying equipment is rising in the food processing segment with increasing adoption of preserved food. Furthermore, with the advancements in technology, other sectors of applications are also anticipated to grow with the rising demand of a variety of flowers and its transport & import/export business growth.

Regional Insights

In the segments such as food processing and pharmaceuticals, North America is one of the dominating application markets for freeze-drying equipment. Asia Pacific is anticipated to grow due to its emerging pharmaceutical market and expanding food packaging market. Europe retains a persistent growth in the dry freezing equipment market with the usage in various sectors.

Competitive Insights

The key players in the global freeze drying equipment market are Thermo Fisher Scientific Inc., GEA Niro, Telstar S.A., I.M.A., Labconco Corp., MechaTech Systems Ltd. Cuddon Engineering Ltd., Operon, Freezedry Specialities Inc., Shanghai Tofflon Science & Technology Co. Ltd., SP Scientific and Millrock Technology Inc.

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Market Segment:

Global Freeze Drying Equipment Product Outlook (Market Revenue in USD Million, 2012 - 2020)

       • Benchtop freeze dryers

       • Laboratory freeze dryers

       • Mobile freeze dryers

       • General purpose freeze dryers

       • Industrial freeze dryers.

Global Freeze Drying Equipment Application Outlook (Market Revenue in USD Million, 2012 - 2020)

       • Biotechnology

       • Pharmaceuticals

       • Food processing

       • Surgical procedures

       • Others

Freeze Drying Equipment Regional Outlook (Market Revenue in USD Million, 2012 - 2020)

       • North America

       • Europe

       • Asia Pacific

       • RoW