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Cryogenic Pump Market Size, Share, Analysis and Forecast 2029

 Cryogenic Pump Market Size, Share, Analysis and Forecast 2029

The global cryogenic pump market size was USD 3.41 billion in 2021. The market is projected to grow from USD 3.62 billion in 2022 to USD 6.64 billion in 2029 at a CAGR of 9.06% during the forecast period. 

Get More Info: https://www.fortunebusinessinsights.com/industry-reports/cryogenic-pump-market-100824 

LIST OF KEY COMPANIES PROFILED:

  • Nikkiso Co., Ltd (Japan)

  • SHI Cryogenics Group (Japan)

  • Ebara Corporation (Japan)

  • The Weir Group PLC (Scotland)

  • Fives (France)

  • Sulzer (Switzerland)

  • Flowserve Corporation (U.S.)

  • INOXCVA (India)

  • Cryostar (France)

  • Phpk Technologies (U.S.)

  • Vanzetti Engineering (Italy)

KEY INDUSTRY DEVELOPMENTS:

  • August 2023- Clean Energy & Industrial Gases Group of Nikkiso Cryogenic Industries, a part of Nikkiso Co., Ltd, signed a cooperation agreement with Neuman & Esser (NEA) Brazil. As per the agreement, NEA Brazil is to provide local solutions for Nikkiso products installed in Brazil, which include ACD cryogenic pumps and turboexpanders. The objective of the cooperation is to help reduce lead times for repairs, improve customer service in the field, and increase the number of service centers globally to support customers regionally.
  • November 2022- SHI Cryogenics Group launched a CH-160D2 77K Cryocooler, adding a new model of cryocooler to its line of Gifford-McMahon (GM) Cryocoolers. This new model has the highest-capacity 77K Cryocooler to date, with a first-stage capacity of 525/630 W at 77 K (50/60 Hz). It utilizes Whisper technology and Displex pneumatic drive technology for quieter operation and for limiting the number of worn parts in the refrigerator. The CH-160D2 is ideal for many applications, including liquid nitrogen generation and liquefaction and clean energy technologies.

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