GITNUX MARKETDATA REPORT 2024
Cryogenic Pump Industry Statistics
The cryogenic pump industry is expected to show steady growth due to increasing demand for cryogenic liquids in various applications such as medical, energy, and aerospace.
In this post, we will explore key statistics and insights on the cryogenic pump industry, shedding light on market trends, regional dynamics, end-user preferences, and growth projections. From the significant market size projections to dominant players and emerging trends, the data presented offers a comprehensive overview of the evolving landscape of cryogenic pumps.
Statistic 1
"The cryogenic pump market is projected to reach $3.75 Billion by 2026, at a CAGR of 3.9% from 2021 to 2026."
Statistic 2
"Asia-Pacific region accounted for the largest market share of the global Cryogenic Pump industry in 2020."
Statistic 3
"The healthcare industry is the largest end user of cryogenic pumps, accounting for around 22% of the market in 2017."
Statistic 4
"North America was the second largest regional segment in 2020 in terms of Cryogenic Pump market share."
Statistic 5
"The metallic cryogenic pump segment accounted for a share of over 60% in 2017."
Statistic 6
"HEROSE GmbH held the dominant share of the Asia Pacific cryogenic pumps market in 2016."
Statistic 7
"The largest application segment for Cryogenic Pumps is energy & power, which accounted for nearly 35.0% of total market volume in 2016."
Statistic 8
"Europe held over 25% of the overall Cryogenic Pumps market share in 2016."
Statistic 9
"Centrifugal cryogenic pumps are expected to grow at a CAGR of over 4.0% from 2021 to 2027."
Statistic 10
"The cryogenic pumps market size in India was over $50 million in 2015."
Statistic 11
"Positive displacement cryogenic pump market size was valued at over $250 million in 2015."
Statistic 12
"The market for cryogenic pumps in the Liquefied Natural Gas (LNG) industry is expected to grow at a CAGR of 5% during the forecast period 2020-2025."
Statistic 13
"Stationary cryogenic pump market, in 2016, was worth over $200 million."
Statistic 14
"The global market for cryogenic pumps for clean energy applications is expected to grow to $2.3B by 2022."
Statistic 15
"The demand for helium is driving the cryogenic pump market and was valued at around $32 Million in 2020."
Statistic 16
"South America's cryogenic pumps market is projected to grow at a CAGR of 2.97% during 2016-2021."
Statistic 17
"Cryogenic Pumps for the energy and power industry accounted for the largest market share of over 22% in 2016."
Statistic 18
"The Middle East & Africa accounts for a minor share of less than 5% in the global cryogenic pumps market."
Statistic 19
"The global demand for cryogenic pumps in the metallurgy industry was valued at around $400 Million in 2020."
Jannik Lindner
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