Global Cryogenic Pump Market Will See A Capital Expenditure (Capex) Of $1,842 Mn In 2018
06 August 2018
Visiongain’ has launched a new energy report Cryogenic Pump Market Report : Forecast and Analysis By Application (Energy and Power, Chemical, Metal, Electronics and Other Including Shipbuilding, Marine, Aerospace, Healthcare, Food & Beverage And Infrastructure) AND By Region PLUS Profiles of Leading Companies in the Cryogenic Pump Market
The cryogenic pump or cryopump is a high-speed vacuum pump that use cryogenic temperatures to produce vacuum through condensation of vapours and gases on a cold surface.
It functions at a wide range of temperatures ranging from 80K to sub kelvin levels and offers advantages towards the development of clean vacuum spaces, low contamination by hydrocarbons in the semiconductor industry, the creation of adequate space for pumping and high pumping speed.
The Cryogenic Pump technology was first introduced in the 1950s for large-scale applications which mainly included those with liquid hydrogen. Cryogenic pump can be readily used in a large number of applications including energy and power, chemicals, metals, electronics. shipping, food and beverages, aerospace, healthcare and infrastructure.
The visiongain report analyst commented “Cryogenic pump market is predicted to witness a high adoption owing to escalating investment across power and oil and gas industry. Government measures to encourage the adoption of clean fuel including LNG to facilitate efficient and low emissions operations will foster the cryogenic pump market. LNG is expected to witness highest growing market over the forecast timeline, and the growth is subjected to increasing use of LNG for electricity generation. Increasing spending toward the strengthening of LNG infrastructure will further complement the market growth.”
Leading companies featured in the report who are developing Cryogenic Pumps include Sumitomo Heavy Industries, Ltd., Ebara Corporation, Flowserve Corporation, Fives Group, Brooks Automation, Inc., Nikkiso Co. Ltd., Linde Group, ULVAC Inc., KSB Group and Trillium US
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