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Cryogenic Pump Market | Industry Research, Segmentation, Key Players Analysis and Forecast to 2032

The global cryogenic pump market is projected to reach a valuation of US$ 1,979.6 Mn in 2032, with sales growing at a healthy CAGR of 6.7% over the forecast period of 2022 to 2032. Rising from an average growth rate of 4.6% from 2016 to 2021, the cryogenic pump market is likely to reach an estimated US$ 1,035 Mn by the end of 2022.

Elevated emphasis on solar power generation and focus on the development of solar PV manufacturing have resulted in the market expansion of cryogenic pumps over the forecast period. A vacuum pump that captures gases via condensation on a much cooled surface at a very low temperature of around 120K is categorized as a cryogenic pump.

These pumps are used on a large scale for the transportation, handling, and transfer of cryogenic fluids and liquefied hydrocarbons.  The market for cryogenic pumps looks at multiple lucrative opportunities as there is a notable swell in the demand for the product from various end-use industry verticals such as power generation, healthcare, and many others.

Competitive Landscape 

ACD Cryo AG, Cryostar SAS, Sumitomo Heavy Industries Ltd., Flowserve Corporation, Brooks Automation Inc., Ebara Corporation, Nikkiso Cryo Ltd., PHPK Technologies Inc., Fives S.A., Cryoquip Australia and others are some of the major players in the cryogenic pump market that are profiled in the full version of the report.

In a highly competitive market, major players are concentrating on product development and new releases. These organizations are also engaged in strategies like facility expansions, partnerships and collaborations to enhance their market presence.

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Key Segments Profiled In the Cryogenic Pump Industry Survey

Cryogenic Pump Market by Pump Functionality:

Centrifugal Cryogenic Pumps
Positive Displacement Cryogenic Pumps

Cryogenic Pump Market by Type:

Bath Cryopumps
Refrigerator Cooled Cryopumps
Supercritical Helium Cooled Cryopumps
Others

Cryogenic Pump Market by Application Gas:

Nitrogen-based Cryogenic Pump
Oxygen-based Cryogenic Pump
LNG-based Cryogenic Pump
Argon-based Cryogenic Pump
Other Gases-based Cryogenic Pump

Cryogenic Pump Market by End Use Industry:

Cryogenic Pump for Energy & Power
Cryogenic Pump for Metallurgy and Mining
Cryogenic Pump for Chemicals
Cryogenic Pump for Other End Use Industries

More Insights into the Cryogenic Pump Market Report

In its latest report, FMI offers an unbiased ****ysis of the global cryogenic pump market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.

According to the latest FMI reports, based on region, the cryogenic pump market in North America is anticipated to exhibit impressive growth over the forecast period. Accounting for more than 35.7% of the global market share, this regional market is driven by the expanding industrial infrastructure and the growing investments in the oil and gas sector.

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Stainless Steel Market Growth, COVID Impact, Trends Analysis Report Forecast to 2032

As per the report published by FMI, the global stainless steel market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 119.80 billion in 2022. The market value of stainless steel is anticipated to reach a high of US$ 183.86 billion by the year 2032.

The stainless steel market is gaining rapid traction due to the flourishing demand for stainless steel in the manufacturing of kitchen products such as showpieces, cookware, and stoves owing to its benefits that include high ductility & toughness, resistance to corrosion, and low maintenance required that in turn fuel the market growth in the different industries.

According to the findings of Future Market Insights stainless steel seeks significant demand from the automotive industry again influences the market growth positively. Increasing automobile production in the regions such as the Middle East, the Asia Pacific, and Latin America has prominently escalated the demand for stainless steel in these regions.

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https://www.futuremarketinsigh....ts.com/reports/sampl

Key Segments In The Stainless Steel Market

By Type:

Austenitic Stainless Steel
Ferritic Stainless Steel
Duplex Stainless Steel
Martensitic Stainless Steel
Precipitation Hardening Stainless Steel

By Form:

Flat Products
Long Products
Tubular Products

By End-Use:

Building & Construction
Industrial Machinery & Components
Automotive & Transportation
Home Appliances
Cookware & Cutlery
Medical & Surgical Tools
Others

Competition Landscape in the Stainless Steel Market 

The market players in the stainless steel industry focus primarily on their capacity expansion across various regions. the manufacturer has helped in the development of advanced techniques to enhance the properties of stainless steel which further extends profitable opportunities to the market players in the forecast period of 2022 to 2032.

The global stainless steel market can be considered oligopolistic due to the presence of a considerable number of players across the globe. The intensity of participation in the market is high owing to the excellent scope of demand. Tier-I companies are planning to venture into collaboration and acquisitions of accompanying businesses to further increase their market presence.

Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, and Outokumpuare some key players in the stainless steel market.

Browse latest Market Reports@ 
https://www.futuremarketinsigh....ts.com/category/chem

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