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Cryogenic Pump Market worth 1.96 Billion USD by 2021

The report "Cryogenic Pump Market by Type (Centrifugal, Positive Displacement), by Gas (Nitrogen, Oxygen, Argon, LNG, and Others), by End-User (Energy & Power, Chemicals, Metallurgy, Electronics, and Others), & by Region - Global Trends & Forecasts to 2021", The cryogenic pump market is estimated to be USD 1.67 Billion in 2016, and is projected to reach USD 1.96 Billion by 2021, at a CAGR of 3.28% from 2016 to 2021. Increasing LNG production and demand for medical gases in the healthcare sector are the major drivers of the market. This market study defines and segments the market through regional forecast and segment revenue estimates till 2021.

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Cryogenic Pump Market worth 1.96 Billion USD by 2021

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  1. Cryogenic Pump Market by Type, by Gas, by End-User, & by Region - Global Trends & Forecasts to 2021 www.MarketsandMarkets.com

  2. Liquefied Natural Gas: Highest growing market by cryogenic gases The LNG cryogenic gas market is expected to grow at the highest CAGR from 2016 to 2021. This growth is attributed to increased demand for LNG pertaining to environmental concerns. LNG can be very useful, particularly for the transportation of natural gas, since LNG takes up about 1/600th the volume of gaseous natural gas. The demand for LNG is the highest in Asia-Pacific, making the region a high potential market for cryogenic pumps designed for transportation of LNG. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=53446001

  3. Positive Displacement: Highest growing market by type The positive displacement cryogenic pump market is expected to grow at the highest CAGR during the forecast period. The growth is attributed to increasing use of positive displacement pumps in Asia-Pacific, Europe, and North America. Moreover, positive displacement pumps have constant flow at various viscosities and pressures. This feature is likely to contribute to the growth of the positive displacement cryogenic pumps market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=53446001

  4. Browse >> 68market data tables 59figures 150 pagesand in-depth TOC on “Cryogenic Pump Market by Type, by Gas, by End-User, & by Region - Global Trends & Forecasts to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia-Pacific: The largest market for cryogenic pump The Asia-Pacific region is estimated to be the largest market for cryogenic pumps in 2016, driven largely by developments in growing economies such as China, India and other Southeast Asian countries. These developments are due to growing energy need, focus on renewable generation, and rapid urbanization. Moreover, these regions are being drawn towards tapping eco-friendly fuel sources such as LNG in order to reduce carbon emissions, which is likely to boost the cryogenic pump market in the region. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=53446001

  6. Target Audience: • The target audience of this report includes: • Cryogenic pump manufacturers, dealers, and suppliers • Cryogenic gases/liquid merchant producers, suppliers, and dealers • Cryogenic plant developers and service providers • Liquefied Natural Gas (LNG) dealers • Oil & gas companies • Consulting companies in the energy and power sector • Cryogenic and cold storage associations • Power and energy associations • Investment banks • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=53446001

  7. Key players - • To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the cryogenic pump market, namely: • Sumitomo Heavy Industries Ltd. (japan), • Ebara Corporation (Japan), • Flowserve Corporation (U.S.), • Fives S.A. (France), • Brooks Automation Inc. (U.S.) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=53446001

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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