What is Global Cryogenic Submerged Electric Motor Pump Market?
The Global Cryogenic Submerged Electric Motor Pump Market is a specialized sector that focuses on the production and distribution of cryogenic submerged electric motor pumps. These pumps are designed to operate in extremely low temperatures, making them ideal for applications in industries that require the handling of cryogenic fluids. The market encompasses a wide range of products, from small-scale pumps used in laboratories to large-scale industrial pumps. The global market is driven by the increasing demand for these pumps in various industries, including the energy sector, healthcare, and manufacturing among others. The market is also influenced by technological advancements that have led to the development of more efficient and reliable pumps. The market's growth is further propelled by the increasing adoption of cryogenic technology in emerging economies.
Less than 100m³ per hour, 100-1000m³ per hour, More than 1000m³ per hour in the Global Cryogenic Submerged Electric Motor Pump Market:
The Global Cryogenic Submerged Electric Motor Pump Market is segmented based on the capacity of the pumps. The segments include Less than 100m³ per hour, 100-1000m³ per hour, and More than 1000m³ per hour. The Less than 100m³ per hour segment comprises of pumps that are typically used in small-scale applications such as laboratories and small industries. These pumps are compact and easy to handle, making them ideal for applications that require a small amount of cryogenic fluid. The 100-1000m³ per hour segment includes pumps that are used in medium-scale industries. These pumps are capable of handling larger volumes of cryogenic fluids, making them suitable for industries that require a moderate amount of cryogenic fluid. The More than 1000m³ per hour segment consists of pumps that are used in large-scale industries. These pumps are designed to handle large volumes of cryogenic fluids, making them ideal for industries that require a large amount of cryogenic fluid.
LNG Plant, LNG Terminal, LNG Automobile Filling Station, LNG Marine in the Global Cryogenic Submerged Electric Motor Pump Market:
The Global Cryogenic Submerged Electric Motor Pump Market finds its application in various areas such as LNG Plant, LNG Terminal, LNG Automobile Filling Station, and LNG Marine. In LNG Plants, these pumps are used to maintain the temperature of the LNG at a very low level to keep it in a liquid state. They are also used in the process of liquefaction and regasification. In LNG Terminals, these pumps are used to transfer the LNG from the storage tanks to the ships or trucks for transportation. In LNG Automobile Filling Stations, these pumps are used to fill the vehicles with LNG. They ensure that the LNG is transferred safely from the storage tanks to the vehicles. In LNG Marine, these pumps are used in the ships that transport LNG. They are used to maintain the temperature of the LNG during transportation.
Global Cryogenic Submerged Electric Motor Pump Market Outlook:
The Global Cryogenic Submerged Electric Motor Pump Market has shown significant growth over the years. In 2023, the market was valued at US$ 206 million and it is expected to reach US$ 293 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2024 to 2030. The market is dominated by the top five manufacturers who hold a share of over 60%. In terms of product, the Less than 100m³ per hour segment holds the largest share of over 40%. This shows the high demand for these pumps in small-scale applications.
| Report Metric | Details |
| Report Name | Cryogenic Submerged Electric Motor Pump Market |
| Accounted market size in 2023 | US$ 206 million |
| Forecasted market size in 2030 | US$ 293 million |
| CAGR | 5.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Nikkiso, Ebara, Cryostar, Shinko, Chengdu Andisoon, Dalian Deep Blue Pump, Long March Tianmin, Vanzetti Engineering, Hunan Neptune Pump, Wuxi Phaeton |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
