1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Asia Pacific Cryogenic Pump Market to 2027 - Regional Analysis and Forecasts by Type; Gas; Industry Vertical

Asia Pacific Cryogenic Pump Market to 2027 - Regional Analysis and Forecasts by Type; Gas; Industry Vertical

  • October 2019
  • 159 pages
  • ID: 5828351
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The Asia Pacific cryogenic pump market accounted for US$ 695.5 Mn in 2018 and is expected to grow at a CAGR of 6.4% over the forecast period 2019-2027, to account for US$ 1,202.5 Mn in 2027. The increasing demands for liquefied natural gas, positive economic outlook, and increasing industrialization are propelling the growth of the cryogenic pump market. Moreover, the increase in adoption of renewable energy sources is boosting the cryogenic pump market growth significantly. With increasing focus of various countries on reducing carbon emissions and pollution, the demand for clean energy fuels and renewables is growing at an unprecedented rate. With favorable government policies worldwide and falling costs of clean energy sources, the natural gas capacity is set to surge during the forecast period. As per the World Energy Outlook 2018 report, the demand for natural gas would reach ~100 billion m3 by 2040. The major part of this demand is expected to come from China mainly due to efforts taken by the Chinese government to improve air quality; moreover, APAC countries would capture more than 50% of overall demand. The increasing demand for natural gas as a clean energy fuel source is projected to fuel the cryogenic pump market worldwide in the coming years, with APAC being the key generator of this demand growth to 2040.
The cryogenic pump market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years.In addition to this, various initiatives are undertaken by governmental bodies to accelerate the cryogenic pump market further.

Various governments in the Asia Pacific region are taking initiatives to boost the industrial development in the region.China is already the manufacturing capital of the world and it is leading in a large number of industries.

The Chinese government is very keen to maintain its stronghold and competitiveness through initiatives such as Industry 4.0, and Made in China 2025. In terms of industrial production, China and India are already leading in various industry sectors and the number of strategies to boost manufacturing sector is constantly rising in these countries. For instance, the “Make in India” initiative by Indian government for boosting the manufacturing sector and “Skill India” initiative to prepare skilled labor force for future industries. All these factors are anticipated to drive the demand of cryogenic pumps in this region.
The cryogenic pump market by type is segmented into centrifugal pump and positive displacement pump.Typically, there are two variants of cryogenic pumps based on the cooling methods that include centrifugal and positive displacement (or reciprocating) cryogenic pump having their own set of advantages and disadvantages.

During the forecast period of 2019 to 2027, the centrifugal pump segment is anticipated to be the largest contributor in the Asia Pacific cryogenic pump market. However, positive displacement is projected to be the fastest growing type over the forecast period.
The overall cryogenic pump market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the cryogenic pump market.

It also provides an overview and forecast for the cryogenic pump market based on all the segmentation provided with respect to the Asia Pacific region.Also, primary interviews were conducted with industry participants and commentators to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the cryogenic pump market. Some of the players present in cryogenic pump market are Atlas Copco AB, Elliott Group, Flowserve Corporation, Fives, Linde AG, NIKKISO CO., LTD., PHPK Technologies, Ruhrpumpen Group, SEHWA TECH, INC., and Sumitomo Heavy Industries, Ltd. among others.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2019

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on