Asia Pacific Cryogenic Pump Market to 2027 - Regional Analysis and Forecasts by Type (Centrifugal and Positive Displacement); Gas (Nitrogen, Oxygen, LNG, Argon, Others); Industry Vertical (Electronics, Healthcare and Pharmaceutical, Energy and Power, Metallurgy, Chemical, and Others)
The cryogenic pump market in the Asia Pacific is expected to grow from US$ 695.5 Mn in 2018 to US$ 1,202.5 Mn by the year 2027, with a CAGR of 6.4% from the year 2019 to 2027.
Driving factors such as the increasing industrialization, positive economic growth, and increasing demands for liquefied natural gas are boosting the growth of the cryogenic pump market. Further, the increase in the adoption of renewable energy sources is anticipated to facilitate significant growth opportunities for the cryogenic pump market. The emerging smart cities and infrastructural development across developing countries such as India and China have been creating excessive opportunities in the market. The implementation of green industrialization and the use of renewable energy has been promoted by developed countries. In this era of modernization, the effective use of energy has been rising for efficiency and productivity. Smart cites technologies has gained momentum around the globe and set for rapid transformation. It also includes intelligent transport systems, smart waste management, and robust information technology that will improve the quality of living, employment opportunities and urban services. Thereby, cryogenic pump would be gaining potential.
The cryogenic pump market by gas is segmented into nitrogen, oxygen, LNG, argon, and others. Other in the segment include gases such as Hydrogen, CO2, Acetylene, helium, and others. Among these, oxygen held the largest market share in 2018 and is projected to maintain its dominance during the forecast period. The increasing usage of oxygen in varied applications including healthcare, aerospace, automotive & transportation, chemicals, energy, glass, healthcare, metal production, pharmaceutical & biotechnology, pulp & paper, water & wastewater treatment, refineries, welding & metal fabrication, and others has steered its increasing demand in the Asia Pacific market.
China dominated the cryogenic pump market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. China is one of the major countries which has significant market share in the electronics and semiconductor industry. The manufacturers in this country are highly focusing on strengthening their capabilities in the fields of materials, components, and equipment. Here, government support plays a major role in boosting the Chinese electronics and semiconductor industry. Moreover, China is one step ahead of South Korea with respect to fabless manufacturing. China has a giant number of semiconductor firms that are involved in the design of semiconductor products. The semiconductor market in the country is driven by high demand observed among the users for consumer electronics. Thus, the industry is supporting the growth of the cryogenic pump market in the country. The figure given below highlights the revenue share of the rest of Asia Pacific in the cryogenic pump market in the forecast period:
Get more information on this report : Rest of Asia Pacific Cryogenic pump Market Revenue and Forecast to 2027 (US$ Mn)
ASIA PACIFIC CRYOGENIC PUMP MARKET SEGMENTATION
By Type
- Centrifugal
- Positive Displacement
By Gas
- Nitrogen
- Oxygen
- LNG
- Argon
- Others
By Industry Vertical
- Electronics
- Healthcare and Pharmaceutical
- Energy & Power
- Metallurgy
- Chemical
- Others
By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Cryogenic pump Market - Companies Mentioned
- Atlas Copco AB
- Elliott Group
- Flowserve Corporation
- Fives
- Linde AG
- NIKKISO CO., LTD.
- PHPK Technologies
- Ruhrpumpen Group
- SEHWA TECH, INC.
- Sumitomo Heavy Industries, Ltd.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Cryogenic Pump Market – By Type
1.3.2 Asia Pacific Cryogenic Pump Market – By Gas
1.3.3 Asia Pacific Cryogenic Pump Market – By Industry Vertical
1.3.4 Asia Pacific Cryogenic Pump Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cryogenic Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Cryogenic Pump Market – Asia-Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Cryogenic Pump Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing demands for Liquefied Natural Gas (LNG)
5.1.2 Positive economic outlook and increasing industrialization
5.2 Key Market Restraints
5.2.1 High cost involved in installation and maintenance
5.3 Key Market Opportunities
5.3.1 Increase in adoption of renewable energy sources
5.4 Future Trend
5.4.1 Significant investments in natural gas as a clean fuel
5.5 Impact Analysis of Drivers and Restraints
6. Cryogenic Pump Market – Asia Pacific Market Analysis
6.1 Overview
6.2 Asia Pacific Cryogenic Pump Market Forecast and Analysis
7. Asia Pacific Cryogenic Pump Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Cryogenic Pump Market Breakdown, By Type, 2018 & 2027
7.3 Centrifugal
7.3.1 Overview
7.3.2 Asia Pacific Centrifugal Market Forecast and Analysis
7.4 Positive Displacement
7.4.1 Overview
7.4.2 Asia Pacific Positive Displacement Market Forecast and Analysis
8. Cryogenic Pump Market Analysis– By Gas
8.1 Overview
8.2 Asia Pacific Cryogenic Pump Market Breakdown, By Gas, 2018 & 2027
8.3 Nitrogen
8.3.1 Overview
8.3.2 Asia Pacific Nitrogen Market Forecast and Analysis
8.4 Oxygen
8.4.1 Overview
8.4.2 Asia Pacific Oxygen Market Forecast and Analysis
8.5 Argon
8.5.1 Overview
8.5.2 Asia Pacific Argon Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 LNG
8.6.1 Overview
8.6.2 Asia Pacific LNG Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Asia Pacific Others Market Forecast and Analysis
9. Asia Pacific Cryogenic Pump Market Analysis – By Industry Vertical
9.1 Overview
9.2 Asia Pacific Cryogenic Pump Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 Electronics
9.3.1 Overview
9.3.2 Asia Pacific Electronics Market Forecast and Analysis
9.4 Healthcare and Pharmaceutical
9.4.1 Overview
9.4.2 Asia Pacific Healthcare and Pharmaceutical Market Forecast and Analysis
9.5 Energy & Power
9.5.1 Overview
9.5.2 Asia Pacific Energy & Power Market Forecast and Analysis
9.6 Metallurgy
9.6.1 Overview
9.6.2 Asia Pacific Metallurgy Market Forecast and Analysis
9.7 Chemical
9.7.1 Overview
9.7.2 Asia Pacific Chemical Market Forecast and Analysis
9.8 Others
9.8.1 Overview
9.8.2 Asia Pacific Others Market Forecast and Analysis
10. Asia Pacific Cryogenic Pump Market – Country Analysis
10.1 Overview
10.1.1 APAC Cryogenic Pump Market Breakdown, By Key Country
10.1.1.1 Australia Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 Australia Cryogenic Pump Market Breakdown, By Type
10.1.1.1.2 Australia Cryogenic Pump Market Breakdown, By Gas
10.1.1.1.3 Australia Cryogenic Pump Market Breakdown, By Industry Vertical
10.1.1.2 China Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 China Cryogenic Pump Market Breakdown, By Type
10.1.1.2.2 China Cryogenic Pump Market Breakdown, By Gas
10.1.1.2.3 China Cryogenic Pump Market Breakdown, By Industry Vertical
10.1.1.3 India Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 India Cryogenic Pump Market Breakdown, By Type
10.1.1.3.2 India Cryogenic Pump Market Breakdown, By Gas
10.1.1.3.3 India Cryogenic Pump Market Breakdown, By Industry Vertical
10.1.1.4 Japan Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 Japan Cryogenic Pump Market Breakdown, By Type
10.1.1.4.2 Japan Cryogenic Pump Market Breakdown, By Gas
10.1.1.4.3 Japan Cryogenic Pump Market Breakdown, By Industry Vertical
10.1.1.5 South Korea Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 South Korea Cryogenic Pump Market Breakdown, By Type
10.1.1.5.2 South Korea Cryogenic Pump Market Breakdown, By Gas
10.1.1.5.3 South Korea Cryogenic Pump Market Breakdown, By Industry Vertical
10.1.1.6 Rest of APAC Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.6.1 Rest of APAC Cryogenic Pump Market Breakdown, By Type
10.1.1.6.2 Rest of APAC Cryogenic Pump Market Breakdown, By Gas
10.1.1.6.3 Rest of APAC Cryogenic Pump Market Breakdown, By Industry Vertical
11. Industry Landscape
11.1 Overview
11.2 Merger & Acquisition
11.3 Market Initiative
12. Company Profiles
12.1 Atlas Copco AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Elliott Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Fives
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Flowserve Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Linde AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 PHPK Technologies
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Nikkiso CO., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ruhrpumpen Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SEHWA TECH, INC.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sumitomo Heavy Industries, Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Real GDP Growth: Annual Percent Change (%)
Table 2. Asia Pacific Cryogenic Pump Market Revenue and Forecast To 2027 (US$ Mn)
Table 3. Asia Pacific Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 4. Asia Pacific Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 5. Asia Pacific Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 6. Australia Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 7. Australia Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 8. Australia Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 9. China Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 10. China Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 11. China Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 12. India Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 13. India Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 14. India Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 15. Japan Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 16. Japan Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 17. Japan Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 18. South Korea Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 19. South Korea Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 20. South Korea Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 21. Rest of APAC Cryogenic Pump Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 22. Rest of APAC Cryogenic Pump Market Revenue and Forecast to 2027 – By Gas (US$ Mn)
Table 23. Rest of APAC Cryogenic Pump Market Revenue and Forecast to 2027 – By Industry Vertical (US$ Mn)
Table 24. Glossary of Terms, Cryogenic Pump Market
LIST OF FIGURES
Figure 1. Cryogenic Pump Market Segmentation
Figure 2. Cryogenic Pump Market Segmentation - Country
Figure 3. Asia Pacific Cryogenic Pump Market Overview
Figure 4. Centrifugal type held the largest share in Asia Pacific cryogenic pump market
Figure 5. Oxygen gas segment represented the largest share in Asia Pacific cryogenic pump market
Figure 6. Energy & Power is the largest industry vertical in Asia Pacific cryogenic pump market
Figure 7. China held the largest share in Asia Pacific cryogenic pump market
Figure 8. Asia Pacific Cryogenic Pump Market, Industry Landscape
Figure 9. Asia-Pacific- PEST Analysis
Figure 10. Cryogenic Pump Market Ecosystem Analysis
Figure 11. Impact Analysis of Drivers and Restraints Pertaining to Cryogenic Pump Market
Figure 12. Asia Pacific Cryogenic Pump Market Forecast and Analysis To 2027
Figure 13. Asia Pacific Cryogenic Pump Market Breakdown, By Type, 2018 & 2027 (%)
Figure 14. Asia Pacific Centrifugal Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Asia Pacific Positive Displacement Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia Pacific Cryogenic Pump Market Breakdown, By Gas, 2018 & 2027 (%)
Figure 17. Asia Pacific Nitrogen Market Revenue And Forecasts To 2027(US$ Mn)
Figure 18. Asia Pacific Oxygen Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. Asia Pacific Argon Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia Pacific LNG Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia Pacific Others Market Revenue And Forecasts To 2027(US$ Mn)
Figure 22. Asia Pacific Cryogenic Pump Market Breakdown, By Industry Vertical, 2018 & 2027 (%)
Figure 23. Asia Pacific Electronics Market Revenue And Forecasts To 2027(US$ Mn)
Figure 24. Asia Pacific Healthcare and Pharmaceutical Market Revenue And Forecasts To 2027(US$ Mn)
Figure 25. Asia Pacific Energy & Power Market Revenue and Forecasts To 2027(US$ Mn)
Figure 26. Asia Pacific Metallurgy Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. Asia Pacific Chemical Market Revenue And Forecasts To 2027(US$ Mn)
Figure 28. Asia Pacific Others Market Revenue and Forecasts To 2027(US$ Mn)
Figure 29. APAC Cryogenic Pump Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 30. Australia Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
Figure 31. China Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
Figure 32. India Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Japan Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
Figure 34. South Korea Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Rest of APAC Cryogenic Pump Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies
- Atlas Copco AB
- Elliott Group
- Flowserve Corporation
- Fives
- Linde AG
- NIKKISO CO., LTD.
- PHPK Technologies
- Ruhrpumpen Group
- SEHWA TECH, INC.
- Sumitomo Heavy Industries, Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific cryogenic pump market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific cryogenic pump market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.