Key Insights
The Asia-Pacific cryogenic pump market is projected for significant expansion, driven by escalating demand from pivotal industries including oil & gas, healthcare, and chemicals. Robust economic growth and industrialization across the region, notably in China, India, and South Korea, are key catalysts. This growth is underpinned by the increasing requirement for efficient cryogenic fluid management in critical applications such as liquefied natural gas (LNG) processing, medical cryopreservation, and chemical manufacturing. An anticipated compound annual growth rate (CAGR) of 6.4% from a base year of 2025 indicates sustained market expansion. The adoption of advanced pump technologies, including dynamic and positive displacement pumps, further propels this growth trajectory. While regulatory compliance and substantial initial investment present potential hurdles, the market outlook remains highly favorable. Specific segments, such as nitrogen, oxygen, and LNG gases, alongside the oil & gas end-user segment, are expected to experience above-average growth due to their expanding applications within the Asia-Pacific landscape. The market size is estimated at 2.54 billion.
Asia-Pacific Cryogenic Pump Market Market Size (In Billion)
Market segmentation by pump type (dynamic and positive displacement) addresses diverse application requirements. Dynamic pumps are typically suited for high-volume, low-pressure scenarios, whereas positive displacement pumps are favored for higher-pressure, lower-volume operations. Geographic growth is primarily concentrated in major economies like China, Japan, India, and South Korea, with expansion also anticipated in other Asia-Pacific nations driven by energy infrastructure investments and industrial development. Leading market participants are prioritizing research and development to enhance pump efficiency, reliability, and safety, thereby stimulating further market growth. The continued expansion of industries such as LNG production and healthcare will be instrumental in shaping the future trajectory of this market.
Asia-Pacific Cryogenic Pump Market Company Market Share
Asia-Pacific Cryogenic Pump Market: A Comprehensive Report (2019-2033)
This meticulously researched report provides a deep dive into the dynamics of the Asia-Pacific Cryogenic Pump market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a base year of 2025, this report leverages robust data analysis and expert forecasting to paint a comprehensive picture of this critical sector. The report segments the market by gas type (Nitrogen, Oxygen, Argon, LNG, Other Gases), end-user (Oil and Gas, Healthcare, Chemicals, Other End-users), and pump type (Dynamic Pump, Positive Displacement Pump), providing granular insights into each segment's performance and future trajectory. Key players like Ebara Corporation, Beijing Long March Tianmin Hi-Tech Co Ltd, Flowserve Corporation, Weir Group PLC, SHI Cryogenics Group, Fives Group, Nikkiso Co Ltd, KSB SE & Co KGaA, and Cryostar SAS are extensively profiled, enabling a thorough understanding of the competitive landscape.
Asia-Pacific Cryogenic Pump Market Market Concentration & Innovation
The Asia-Pacific cryogenic pump market exhibits a moderately concentrated landscape, with a few major players holding significant market share. However, the emergence of smaller, specialized companies is fostering innovation and competition. Market share data for 2024 suggests that the top five players hold approximately XX% of the market, indicating room for both growth and consolidation. Innovation drivers include the increasing demand for efficient and reliable cryogenic pumps in various end-use sectors, advancements in pump design and materials, and the pursuit of energy-efficient solutions. Regulatory frameworks, particularly those related to environmental protection and safety, influence the adoption of new technologies and materials. Product substitutes, while limited, include alternative cooling and transportation methods, but cryogenic pumps maintain a clear advantage in specific applications. End-user trends towards automation and process optimization are driving demand for sophisticated cryogenic pumps with advanced features. M&A activities in the sector have been relatively modest in recent years, with deal values averaging around XX Million USD annually. This trend is expected to accelerate slightly in the forecast period.
- Market Concentration: Top 5 players hold approximately XX% market share (2024).
- Innovation Drivers: Demand for efficiency, technological advancements, environmental regulations.
- Regulatory Frameworks: Emphasis on safety and environmental compliance.
- M&A Activity: Average annual deal value approximately XX Million USD (2019-2024).
Asia-Pacific Cryogenic Pump Market Industry Trends & Insights
The Asia-Pacific cryogenic pump market is experiencing robust growth, driven primarily by increasing demand from the oil and gas, healthcare, and chemical sectors. The market is projected to witness a CAGR of XX% during the forecast period (2025-2033). Technological disruptions, such as the development of more efficient and durable pump materials, are enhancing operational efficiency and reducing lifecycle costs. Consumer preferences are shifting towards energy-efficient and environmentally friendly solutions, leading to increased demand for pumps with reduced environmental impact. Competitive dynamics are characterized by a mix of established players and emerging companies, fostering innovation and price competition. Market penetration in developing economies within the Asia-Pacific region is expected to be a major driver of future growth, driven by investments in infrastructure development and industrial expansion. This growth is also fueled by rising adoption of LNG as a cleaner fuel source, leading to the substantial growth in demand for cryogenic pumps in the LNG sector.
Dominant Markets & Segments in Asia-Pacific Cryogenic Pump Market
The Oil and Gas sector constitutes the dominant end-user segment, driven by the extensive use of cryogenic pumps in LNG processing and transportation. China and India are leading national markets due to their significant industrial growth and energy infrastructure development.
- Leading Region: China dominates the region, followed by India.
- Leading Segment (End-user): Oil and Gas sector holds the largest market share.
- Leading Segment (Gas Type): LNG, followed by Nitrogen and Oxygen.
- Key Drivers (China): Rapid industrialization, investment in energy infrastructure, government support for LNG adoption.
- Key Drivers (India): Growing energy demand, expanding petrochemical industry, government initiatives to improve healthcare infrastructure.
Asia-Pacific Cryogenic Pump Market Product Developments
Recent product innovations have focused on enhancing efficiency, durability, and safety. Advanced materials, such as specialized alloys and composites, are being utilized to improve pump performance and lifespan. Miniaturization and improved control systems are enhancing the versatility and ease of integration of cryogenic pumps into various applications. These developments are resulting in significant competitive advantages for manufacturers who are able to offer improved performance, lower operating costs, and enhanced safety features.
Report Scope & Segmentation Analysis
This report comprehensively segments the Asia-Pacific cryogenic pump market by gas type, end-user industry, and pump type. Each segment is analyzed in detail, including growth projections, market size estimates, and competitive dynamics. The report offers a granular understanding of the market's structure and the opportunities within each segment.
- Gas Type: Each gas (Nitrogen, Oxygen, Argon, LNG, Other Gases) has a distinct market size and growth rate, influenced by its specific applications and industry demand.
- End-User: Oil & Gas, Healthcare, Chemicals, and Other End-users each exhibit varying growth patterns and demand drivers.
- Pump Type: Dynamic and Positive Displacement pumps present distinct performance characteristics, catering to specific needs in different applications.
Key Drivers of Asia-Pacific Cryogenic Pump Market Growth
The Asia-Pacific cryogenic pump market is propelled by several key factors. Firstly, the burgeoning oil and gas sector, particularly the expanding LNG market, drives significant demand for cryogenic pumps used in liquefaction, storage, and transportation. Secondly, the growth of the healthcare sector, with its increasing reliance on cryogenic technologies for medical applications, fuels market expansion. Finally, supportive government policies and investments in infrastructure development across the region further stimulate the market. China's Belt and Road Initiative, for instance, is a key driver of infrastructure development and related cryogenic pump demand.
Challenges in the Asia-Pacific Cryogenic Pump Market Sector
The Asia-Pacific cryogenic pump market faces challenges including the volatile nature of raw material prices, the increasing complexity of cryogenic pump technology requiring specialized expertise, and intense competition amongst established players and new entrants. Supply chain disruptions and regulatory hurdles related to safety and environmental standards also pose significant obstacles to market growth. These factors can lead to increased manufacturing costs and potentially delay project timelines, impacting overall market performance.
Emerging Opportunities in Asia-Pacific Cryogenic Pump Market
Emerging opportunities lie in the development of more energy-efficient and environmentally friendly cryogenic pumps. The growing adoption of renewable energy sources and the emphasis on reducing carbon emissions offer significant potential for market growth. Furthermore, advancements in pump design and materials, coupled with improved automation and control systems, offer further opportunities for innovation and market expansion. New applications in emerging industries, such as food processing and advanced materials manufacturing, are also driving opportunities for cryogenic pump technologies.
Leading Players in the Asia-Pacific Cryogenic Pump Market Market
- Ebara Corporation
- Beijing Long March Tianmin Hi-Tech Co Ltd
- Flowserve Corporation
- Weir Group PLC
- SHI Cryogenics Group
- Fives Group
- Nikkiso Co Ltd
- KSB SE & Co KGaA
- Cryostar SAS
Key Developments in Asia-Pacific Cryogenic Pump Market Industry
- April 2021: Nikkiso Cryo Inc. launched a new 15,000 sq. ft. cryogenic pump production facility to meet rising global LNG demand.
- January 2021: Fives Group secured a contract to supply 13 Cryomec® cryogenic centrifugal pumps for a new air separation unit in China (2,000+ tons/day oxygen capacity).
Strategic Outlook for Asia-Pacific Cryogenic Pump Market Market
The Asia-Pacific cryogenic pump market is poised for sustained growth driven by robust demand from key sectors and ongoing technological advancements. The increasing adoption of LNG as a cleaner fuel source and the expansion of energy infrastructure projects across the region will provide significant opportunities for market expansion. Strategic partnerships and investments in research and development will be crucial for companies to maintain competitiveness and capitalize on emerging market opportunities. The focus on energy efficiency and environmental sustainability will continue to shape future market trends.
Asia-Pacific Cryogenic Pump Market Segmentation
-
1. Type
- 1.1. Dynamic Pump
- 1.2. Positive Displacement Pump
-
2. Gas
- 2.1. Nitrogen
- 2.2. Oxygen
- 2.3. Argon
- 2.4. LNG
- 2.5. Other Gases
-
3. End-user
- 3.1. Oil and Gas
- 3.2. Healthcare
- 3.3. Chemicals
- 3.4. Other End-users
-
4. Geography
- 4.1. China
- 4.2. India
- 4.3. Japan
- 4.4. Rest of Asia-Pacific
Asia-Pacific Cryogenic Pump Market Segmentation By Geography
- 1. China
- 2. India
- 3. Japan
- 4. Rest of Asia Pacific
Asia-Pacific Cryogenic Pump Market Regional Market Share
Geographic Coverage of Asia-Pacific Cryogenic Pump Market
Asia-Pacific Cryogenic Pump Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.4% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Rising Demand for Increaing Refinening Capacity4.; Increasing Investment in Downstream Sector
- 3.3. Market Restrains
- 3.3.1. 4.; Fluctuating Price of Crude Oil May Impede the Development of the Downstream Sector
- 3.4. Market Trends
- 3.4.1. Positive Displacement Pump Type to Witness Significant Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia-Pacific Cryogenic Pump Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Dynamic Pump
- 5.1.2. Positive Displacement Pump
- 5.2. Market Analysis, Insights and Forecast - by Gas
- 5.2.1. Nitrogen
- 5.2.2. Oxygen
- 5.2.3. Argon
- 5.2.4. LNG
- 5.2.5. Other Gases
- 5.3. Market Analysis, Insights and Forecast - by End-user
- 5.3.1. Oil and Gas
- 5.3.2. Healthcare
- 5.3.3. Chemicals
- 5.3.4. Other End-users
- 5.4. Market Analysis, Insights and Forecast - by Geography
- 5.4.1. China
- 5.4.2. India
- 5.4.3. Japan
- 5.4.4. Rest of Asia-Pacific
- 5.5. Market Analysis, Insights and Forecast - by Region
- 5.5.1. China
- 5.5.2. India
- 5.5.3. Japan
- 5.5.4. Rest of Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. China Asia-Pacific Cryogenic Pump Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Dynamic Pump
- 6.1.2. Positive Displacement Pump
- 6.2. Market Analysis, Insights and Forecast - by Gas
- 6.2.1. Nitrogen
- 6.2.2. Oxygen
- 6.2.3. Argon
- 6.2.4. LNG
- 6.2.5. Other Gases
- 6.3. Market Analysis, Insights and Forecast - by End-user
- 6.3.1. Oil and Gas
- 6.3.2. Healthcare
- 6.3.3. Chemicals
- 6.3.4. Other End-users
- 6.4. Market Analysis, Insights and Forecast - by Geography
- 6.4.1. China
- 6.4.2. India
- 6.4.3. Japan
- 6.4.4. Rest of Asia-Pacific
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. India Asia-Pacific Cryogenic Pump Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Dynamic Pump
- 7.1.2. Positive Displacement Pump
- 7.2. Market Analysis, Insights and Forecast - by Gas
- 7.2.1. Nitrogen
- 7.2.2. Oxygen
- 7.2.3. Argon
- 7.2.4. LNG
- 7.2.5. Other Gases
- 7.3. Market Analysis, Insights and Forecast - by End-user
- 7.3.1. Oil and Gas
- 7.3.2. Healthcare
- 7.3.3. Chemicals
- 7.3.4. Other End-users
- 7.4. Market Analysis, Insights and Forecast - by Geography
- 7.4.1. China
- 7.4.2. India
- 7.4.3. Japan
- 7.4.4. Rest of Asia-Pacific
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Japan Asia-Pacific Cryogenic Pump Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Dynamic Pump
- 8.1.2. Positive Displacement Pump
- 8.2. Market Analysis, Insights and Forecast - by Gas
- 8.2.1. Nitrogen
- 8.2.2. Oxygen
- 8.2.3. Argon
- 8.2.4. LNG
- 8.2.5. Other Gases
- 8.3. Market Analysis, Insights and Forecast - by End-user
- 8.3.1. Oil and Gas
- 8.3.2. Healthcare
- 8.3.3. Chemicals
- 8.3.4. Other End-users
- 8.4. Market Analysis, Insights and Forecast - by Geography
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Rest of Asia-Pacific
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Rest of Asia Pacific Asia-Pacific Cryogenic Pump Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Dynamic Pump
- 9.1.2. Positive Displacement Pump
- 9.2. Market Analysis, Insights and Forecast - by Gas
- 9.2.1. Nitrogen
- 9.2.2. Oxygen
- 9.2.3. Argon
- 9.2.4. LNG
- 9.2.5. Other Gases
- 9.3. Market Analysis, Insights and Forecast - by End-user
- 9.3.1. Oil and Gas
- 9.3.2. Healthcare
- 9.3.3. Chemicals
- 9.3.4. Other End-users
- 9.4. Market Analysis, Insights and Forecast - by Geography
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Rest of Asia-Pacific
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 Ebara Corporation
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Beijing Long March Tianmin Hi-Tech Co Ltd
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Flowserve Corporation
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Weir Group PLC
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 SHI Cryogenics Group
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Fives Group
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Nikkiso Co Ltd
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 KSB SE & Co KGaA
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Cryostar SAS
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.1 Ebara Corporation
List of Figures
- Figure 1: Asia-Pacific Cryogenic Pump Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Asia-Pacific Cryogenic Pump Market Share (%) by Company 2025
List of Tables
- Table 1: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Type 2020 & 2033
- Table 2: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 3: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Gas 2020 & 2033
- Table 4: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Gas 2020 & 2033
- Table 5: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by End-user 2020 & 2033
- Table 6: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by End-user 2020 & 2033
- Table 7: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 8: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Geography 2020 & 2033
- Table 9: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Region 2020 & 2033
- Table 10: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Region 2020 & 2033
- Table 11: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Type 2020 & 2033
- Table 12: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 13: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Gas 2020 & 2033
- Table 14: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Gas 2020 & 2033
- Table 15: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by End-user 2020 & 2033
- Table 16: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by End-user 2020 & 2033
- Table 17: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 18: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Geography 2020 & 2033
- Table 19: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Country 2020 & 2033
- Table 20: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 21: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Type 2020 & 2033
- Table 22: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 23: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Gas 2020 & 2033
- Table 24: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Gas 2020 & 2033
- Table 25: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by End-user 2020 & 2033
- Table 26: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by End-user 2020 & 2033
- Table 27: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 28: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Geography 2020 & 2033
- Table 29: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Country 2020 & 2033
- Table 30: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 31: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Type 2020 & 2033
- Table 32: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 33: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Gas 2020 & 2033
- Table 34: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Gas 2020 & 2033
- Table 35: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by End-user 2020 & 2033
- Table 36: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by End-user 2020 & 2033
- Table 37: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 38: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Geography 2020 & 2033
- Table 39: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Country 2020 & 2033
- Table 40: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 41: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Type 2020 & 2033
- Table 42: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 43: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Gas 2020 & 2033
- Table 44: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Gas 2020 & 2033
- Table 45: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by End-user 2020 & 2033
- Table 46: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by End-user 2020 & 2033
- Table 47: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 48: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Geography 2020 & 2033
- Table 49: Asia-Pacific Cryogenic Pump Market Revenue billion Forecast, by Country 2020 & 2033
- Table 50: Asia-Pacific Cryogenic Pump Market Volume K Unit Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific Cryogenic Pump Market?
The projected CAGR is approximately 6.4%.
2. Which companies are prominent players in the Asia-Pacific Cryogenic Pump Market?
Key companies in the market include Ebara Corporation, Beijing Long March Tianmin Hi-Tech Co Ltd, Flowserve Corporation, Weir Group PLC, SHI Cryogenics Group, Fives Group, Nikkiso Co Ltd, KSB SE & Co KGaA, Cryostar SAS.
3. What are the main segments of the Asia-Pacific Cryogenic Pump Market?
The market segments include Type, Gas, End-user, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.54 billion as of 2022.
5. What are some drivers contributing to market growth?
4.; Rising Demand for Increaing Refinening Capacity4.; Increasing Investment in Downstream Sector.
6. What are the notable trends driving market growth?
Positive Displacement Pump Type to Witness Significant Growth.
7. Are there any restraints impacting market growth?
4.; Fluctuating Price of Crude Oil May Impede the Development of the Downstream Sector.
8. Can you provide examples of recent developments in the market?
April 2021: Nikkiso Cryo Inc., a part of Nikkiso Co. Ltd (Japan), announced the launch of its new facility for cryogenic pump production. The facility would cater to the global LNG market's rising demand for cryogenic pumps. The facility is spread over 15 000 Sq. Ft.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific Cryogenic Pump Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia-Pacific Cryogenic Pump Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia-Pacific Cryogenic Pump Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific Cryogenic Pump Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence