市場調查報告書
商品編碼
1520591
2024-2032 年按類型、最終用途行業和地區分類的低溫泵市場報告Cryogenic Pump Market Report by Type, End Use Industry, and Region 2024-2032 |
2023年,全球低溫幫IMARC Group市場規模達7.323億美元。全球對液化天然氣(LNG)發電和支援運輸的需求、泵浦設計、材料和安全功能的改進以及工業的快速發展是推動市場成長的主要因素。
主要市場促進因素:全球低溫幫浦市場正在經歷適度成長。這是因為對液化天然氣 (LNG) 的需求不斷成長,而這些泵浦對於運輸至關重要。
主要市場趨勢:材料科學和工程領域的技術創新正在提高低溫泵的設計和效率。
地理趨勢:由於液化天然氣基礎設施投資不斷成長和政府優惠政策,亞太地區正在主導市場。
競爭格局:低溫泵行業的一些主要市場參與者包括阿特拉斯科普柯、Cryostar SAS (Linde plc)、Fives (Nova Fives SAS)、Sulzer Ltd.、Weir Group PLC.、Nikkiso Co. Ltd. 等。
挑戰與機會:挑戰包括高昂的初始投資成本以及對處理低溫物質的技術專業知識的需求。儘管如此,關鍵參與者透過創新和開發具有成本效益、方便用戶使用的解決方案提供了低溫泵市場機會。
液化天然氣(LNG)需求不斷成長
許多國家擴大使用液化天然氣(LNG)作為煤炭發電的清潔替代品,推動了低溫泵市場的成長。根據《天然氣月刊》統計,2023年,美國成為液化天然氣(LNG)主要出口國,日均貨運量為119億立方英尺(Bcf/d),成長12%從2022 年開始。價值鏈中的多項活動至關重要,例如分配、液化、生產和儲存。這些泵浦透過在必要的低溫下安全有效地輸送液化天然氣來支援流程的整體完整性和有效性。液化天然氣 (LNG) 需求的不斷成長影響低溫泵的市場價格,因為液化天然氣使用量的增加需要更有效率、可擴展的低溫泵解決方案。
不斷成長的醫療保健和生物醫學應用
低溫幫浦在醫療保健和生物醫學應用中的使用不斷增加,正在加強市場的成長。在各種低溫保存程序中,低溫幫浦對於在極低溫下長期儲存生物材料(例如血液、組織和小器官)發揮著至關重要的作用。不斷成長的醫學研究正在推動對依賴低溫儲存系統的生物庫和器官保存生態服務的需求。根據IMARC Group提供的資料,2023年生物銀行市場價值為610億美元。
製藥業也使用這些幫浦來保存需要低溫儲存的藥物和疫苗。由於醫療保健行業嚴格的安全性和可靠性要求,對高品質低溫泵的需求不斷增加。由於包括醫療保健在內的各個行業的應用不斷增加,低溫泵市場收入預計將出現適度成長。
重大技術進步
由於材料科學和工程的發展,複雜的低溫泵不斷出現。現代泵浦正在不斷發展,變得更加可靠、強大和高效。由於其先進的密封件、電腦控制系統和其他安全功能,操作員很容易使用它們。這些技術改進不僅延長了泵浦的使用壽命,還節省了運作成本。因此,低溫泵被用於不同的行業,包括石化和航空航太。此外,根據航太工業協會(AIA)提交的報告,2022年航空航太和國防工業出口成長4.4%,總價值達1,048億美元。
除此之外,在技術進步和關鍵產業應用不斷擴大的推動下,低溫幫浦市場統計數據顯示出適度成長的軌跡。
The global cryogenic pump market size reached US$ 732.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,186.5 Million by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032. The global demand for liquefied natural gas (LNG) to generate power and support transportation, improvements in pump design, materials, and safety features, and rapid industrial development are major factors propelling the market growth.
Major Market Drivers: The global cryogenic pump market is experiencing moderate growth. It is because of the rising demand for liquified natural gas (LNG), where these pumps are essential for transportation.
Key Market Trends: Technological innovations in materials science and engineering are enhancing the design and efficiency of cryogenic pumps.
Geographical Trends: The Asia Pacific region is dominating the market owing to the growing investment in LNG infrastructure and favorable government policies.
Competitive Landscape: Some of the major market players in the cryogenic pump industry include Atlas Copco, Cryostar SAS (Linde plc), Fives (Novafives S.A.S.), Sulzer Ltd., Weir Group PLC., Nikkiso Co. Ltd, among many others.
Challenges and Opportunities: Challenges include high initial investment costs and the need for technical expertise in handling cryogenic substances. Nonetheless, cryogenic pump market opportunities are presented by key players through innovation and the development of cost-effective, user-friendly solutions.
Rising demand for liquefied natural gas (LNG)
The increasing use of liquefied natural gas (LNG) in numerous countries as a cleaner substitute to coal for electricity generation is impelling the cryogenic pump market growth. According to the statistics from Natural Gas Monthly, in 2023, the United States emerged as the leading exporter of liquefied natural gas (LNG), with an average daily cargo of 11.9 billion cubic feet (Bcf/d), which is a 12% increase from 2022. Cryogenic pumps are essential for supporting several activities in the LNG value chain, such as distribution, liquefaction, production, and storage. These pumps support the overall integrity and efficacy of the process by safely and effectively delivering LNG at the necessary low temperatures. The rising demand for liquefied natural gas (LNG) influences the cryogenic pump market price, as increased LNG usage necessitates more efficient and scalable cryogenic pumping solutions.
Rising healthcare and biomedical applications
The rising usage of cryogenic pumps in healthcare and biomedical applications is strengthening the market growth. Cryogenic pumps play an essential role in enabling the long-term storage of biological materials at very low temperatures, such as blood, tissues, and small organs, in a variety of cryopreservation procedures. The rising medical research is driving the demand for biobanking and organ preservation ecoservices, which depend on cryogenic storage systems. Based on the data provide by the IMARC group, the biobanking market was valued at US$61.0 billion in 2023. The market is predicted to expand at a CAGR of 5.4% from 2024 to 2032.
These pumps are also used by the pharmaceutical sector to preserve drugs and vaccines that need to be stored at low temperatures. The need for high-quality cryogenic pumps is increasing due to the strict safety and dependability requirements in the healthcare industry. The cryogenic pump market revenue is projected to see moderate growth due to increasing applications across various industries, including healthcare.
Significant technological advancements
Sophisticated cryogenic pumps are emerging because of developments in materials science and engineering. Modern pumps are evolving to become more reliable, strong, and efficient. They are easy for operators to use because of their sophisticated seals, computerized control systems, and other safety features. These improvements in technology not only prolong the life of the pumps but also save running costs. As a result, cryogenic pumps are used in different industries, including petrochemicals and aerospace. Moreover, according to the report presented by the Aerospace Industries Association (AIA), the aerospace and defense sector export increased by 4.4% in 2022, reaching a total value of $104.8 billion.
Besides this, the cryogenic pump market statistics reveal a trajectory of moderate growth, driven by technological advancements and expanding applications across key industries.
IMARC Group provides an analysis of the key trends in each segment of the global cryogenic pump market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and end use industry.
Centrifugal Pumps
Positive Displacement Pump
Centrifugal pumps represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the type. This includes centrifugal pumps and positive displacement pump. According to the report, centrifugal pumps represented the largest segment.
Centrifugal pumps can easily handle large flow volume and are suitable for industries requiring high-volume transfer of cryogenic fluids like LNG. Centrifugal pumps have fewer moving parts compared to other types, such as reciprocating pumps, which results in lower maintenance costs and downtime, a crucial factor in industries where operational continuity is vital. These pumps can handle a broad range of cryogenic fluids, including liquid nitrogen and liquid oxygen, making them versatile for multiple industries, such as healthcare, aerospace, and manufacturing. As per the data provided by IMARC Group, in 2023 the liquid nitrogen market size was valued at US$ 19.4 billion worldwide. The market is predicted to expand at a growth rate of 5.2% from 2024 to 2032.
Additionally, the design of centrifugal pumps inherently allows for safer operation, especially when dealing with volatile substances at extreme temperatures. This makes them compliant with the stringent safety regulations often seen in the healthcare and energy sectors.
Energy and Power Generation Industry
Healthcare Industry
Electricals and Electronics Industry
Metallurgy Industry
Chemicals
Others
Energy and power generation industry holds the largest market share
A detailed breakup and analysis of the market based on the end use industry has also been provided in the report. This includes the energy and power generation industry, healthcare industry, electricals and electronics industry, metallurgy industry, chemicals, and others. According to the report, the energy and power generation industry accounted for the largest market share.
The cryogenic pump plays a pivotal role in the energy and power generation industry, specifically in applications that involve extremely low-temperature fluids. Moreover, cryogenic pumps are indispensable for the efficient transfer, storage, and distribution of LNG, which is increasingly being used as a cleaner fuel for power generation. These pumps ensure that LNG is moved safely from production facilities to storage tanks and onward to power plants. In aerospace applications, cryogenic pumps are used for fueling rocket engines with cryogenic propellants like liquid oxygen and liquid hydrogen, thereby offering a favorable cryogenic pump market outlook. As hydrogen becomes a key element in renewable energy strategies, cryogenic pumps are needed for handling liquefied hydrogen in fuel cell systems. Cryogenic pumps are used in the production and distribution of industrial gases, such as liquid nitrogen and oxygen, which have applications in power generation plants for processes like cooling. In some power generation facilities, cryogenic pumps are used in refrigeration systems to achieve the extremely low temperatures required for specific operations.
The growing focus on cleaner energy sources and technological advancements in power generation significantly contribute to the cryogenic pump market demand in the energy and power generation industry. On the basis of the data provided by Central Electricity Authority (CEA) of India, the electricity generation target for 2023-24, including renewable energy, is set at 1750 billion Units (BU), indicating a growth of approximately 7.2% over the actual generation of 1624.158 BU in the previous year (2022-23). In comparison, the generation during 2022-23 was 1624.158 BU, up from 1491.859 BU in 2021-22, reflecting a growth of about 8.87%.
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific holds the largest market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest cryogenic pump market share.
The Asia Pacific region exhibits a clear dominance in the cryogenic pump industry due to increasing industrialization and urbanization, driving high energy needs, particularly for cleaner fuel alternatives like liquefied natural gas (LNG). Cryogenic pumps are vital for the efficient storage and distribution of LNG. Moreover, regulatory bodies are investing heavily in healthcare infrastructure. This is driving the demand for cryogenic pumps for storing biological samples at extremely low temperatures. Apart from this, the region is a hub for various manufacturing sectors, including petrochemicals, metallurgy, and electronics, where cryogenic pumps are used for handling liquid nitrogen and oxygen. For instance, according to the Department of Chemicals & Petro-Chemicals of India, the chemical and petrochemical (CPC) industry of the country commands a notable global market value of 178 billion USD. This figure will rise to approximately 300 billion USD by the year 2025, indicating significant growth potential within the sector. Additionally, favorable government policies and incentives to promote clean energy and advanced healthcare services are propelling the market growth in the Asia Pacific region.
Major companies in the cryogenic pump industry are concentrating on a variety of strategies to keep a competitive edge and drive growth. Technological innovation is a key area of focus where businesses are making large investments to build cryogenic pumps that are more dependable, user-friendly, and efficient. Features like real-time monitoring and enhanced safety mechanisms are also becoming standard offerings. Moreover, mergers and acquisitions (M&As) are prevalent, allowing companies to expand their product portfolios and enter new markets. Collaborations with industries that are significant users of cryogenic pumps, such as healthcare, energy, and manufacturing, are also rising, aiming to meet the specific needs and standards of these sectors. Companies are concentrating on geographic expansion, particularly in emerging markets where rapid industrialization and healthcare advancements create substantial demand for cryogenic pumps. These strategies are complemented by efforts to meet stringent regulatory requirements, which ensures broader market acceptance.
Apart from this, the cryogenic pump market recent developments reveal that leading players are prioritizing strategic collaborations to expand their footprint and enhance their offerings in the rapidly evolving market landscape.
Atlas Copco
Cryostar SAS (Linde plc)
Ebara Corporation
Fives (Novafives S.A.S.)
Flowserve Corporation
Nikkiso Co. Ltd
PHPK Technologies Inc.
Ruhrpumpen Group (Corporacion EG)
Sulzer Ltd.
Sumitomo Heavy Industries Ltd
Weir Group PLC.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
In July 2023, Atlas Copco completed the acquisition of the cryopump service and distribution business of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area's CTI and Polycold products in South Korea.
In April 2021, Nikkiso Cryo Inc. (NCI), Las Vegas NV, a member of Nikkiso Clean Energy and Industrial Gases Group (Group), a part of Nikkiso Co., Ltd (Japan) announced their new facility which increases their cryogenic pump production efficiency and capability.
In December 2021, Edwards Vacuum launched a new cryopump for semiconductor applications, the CTI-Cryogenics On-Board IS 320F XVS Cryopump, which aims to deliver the most reliable and best-performing cryopump on the market.
In November 2021: Ebara Corporation's Elliot Group completed a new US$60 million cryogenic pumps testing facility in Jeannette, Pennsylvania, featuring two cryogenic pump test stands and a dedicated expander test stand. The state-of-the-art facility aims to enhance testing capabilities for cryogenic equipment.