市场调查报告书
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全球低温泵市场评估:按泵类型、冷媒类型、最终用途产业、地区、机会、预测(2017-2031)Cryogenic Pumps Market Assessment, By Pump Type, By Cryogen Type, By End-use Industry, By Region, Opportunities and Forecast, 2017-2031F |
全球低温帮浦市场规模预计将从 2023 年的 15.3512 亿美元成长到 2031 年的 22.1336 亿美元,预测期内复合年增长率为 4.68%。
低温帮浦的优点包括能够在极低的温度(通常在摄氏 -120 度左右)下生产、承受和运作。 低温泵用于多种应用,包括氮气、氩气、氧气和液化天然气等低温气体的冷却、运输、储存和再气化。
低温泵市场的推动因素包括液化天然气需求的增加、冶金、医疗保健、食品和饮料以及电子等工业部门的投资增加以及天然气发电需求的增加等。 低温泵对于液化天然气运输、储存和再气化至关重要,使其成为液化天然气供应链的关键组成部分。 随着液化天然气市场的持续成长,低温泵的需求预计将随之增加,为市场扩张创造重大机会。
例如,2023年10月,Svanehoj开发了一套完整的用于液化天然气燃料的高压船用泵装置,称为 "HPP Triplex装置" 。 它是一款紧凑型泵浦解决方案,旨在实现最佳流量和长使用寿命,满足海运业对无洩漏关键零件的需求。 Svanehoj 在液化天然气低压燃料泵和货物泵方面拥有数十年的经验,并进一步将其产品范围扩展到二衝程液化天然气引擎的高压泵。
离心低温帮浦推动市场成长
在各种工业过程中越来越多地使用氮气和氩气等低温物质,推动了对离心低温泵的需求。 为了减少摩擦和提高效率而使用超导磁力轴承的激增,以及能够承受极端温度和压力的复合材料的使用,都有助于市场的成长。 此外,由于电子、能源、医疗保健和航空航太等产业对有效冷却解决方案和技术突破的需求不断增加,低温帮浦市场正在扩大,推动了对低温应用的需求。
液下帮浦影响市场成长
液下泵正在广泛推动市场成长。 潜水泵对于建筑工地排水和各种应用的水管理至关重要,并且适用于洪水和内涝等恶劣条件。 潜水泵浦的需求与供水和废水处理等基础设施发展密切相关。 由于建筑业投资增加以及对水和废水管理的需求不断增长,全球潜水泵市场预计将大幅增长。
石油和天然气产业推动市场成长
石油天然气产业是低温泵的主要消费产业,低温泵用于化学合成用氮气、氢气、氧气、二氧化碳等工业气体的生产和储存等各种製程。我是使用它。 能源和电力产业,特别是石油和天然气产业对低温气体的需求不断增加,是推动低温泵市场成长的主要因素之一。
本报告调查了全球低温泵市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素。我们编制分析、案例研究、竞争格局、主要公司简介等等。
Global cryogenic pumps market is projected to witness a CAGR of 4.68% during the forecast period 2024-2031, growing from USD 1535.12 million in 2023 to USD 2213.36 million in 2031. The benefits of cryogenic pumps include their ability to create, withstand, and operate in extremely low temperatures, typically around -120 degree Celsius. They are used for various applications such as refrigeration, transportation, storage, and regasification of cryogenic gases like nitrogen, argon, oxygen, and LNG.
The market for cryogenic pumps is driven by factors such as growing demand for LNG, increasing investments from the industrial sector such as metallurgy, healthcare, food and beverages, electronics, etc., and the rising demand for gas-based power generation. The increasing demand for LNG is a key factor driving the growth of the cryogenic pump market as they are essential for the transportation, storage, and regasification of LNG, making them a critical component of the LNG supply chain. As the LNG market continues to grow, the demand for cryogenic pumps is expected to rise in tandem, creating substantial opportunities for market expansion.
For instance, in October 2023, Svanehoj developed a complete high-pressure marine pump unit for LNG fuel called the "The HPP Triplex Unit". It is a compact pump solution designed for optimal flow and longer service life, meeting the maritime industry's demands for leak-free critical components. Svanehoj has experience of decades in low-pressure fuel and cargo pumps for LNG and has further extended its scope to include high-pressure pumps for two-stroke LNG engines.
Centrifugal Cryogenic Pumps Are Extensively Driving the Market Growth
The growing utilization of cryogens such as nitrogen and argon across various industrial processes is driving the demand for centrifugal cryogenic pumps. The upsurge in the use of superconducting magnetic bearings to reduce friction and increase efficiency, along with the use of composite materials that can withstand extreme temperatures and pressures, is contributing to the growth of the market. Moreover, the market for cryogenic pumps is expanding due to the growing demand for effective cooling solutions and technological breakthroughs in industries like electronics, energy, healthcare, and aerospace, which are driving the need for cryogenic applications.
For instance, in November 2022, Vanzetti Engineering expanded its range of centrifugal cryogenic pumps with the launch of the HDM series, designed for mounting on heavy tanker trucks. These centrifugal cryogenic pumps are used to transfer LNG from the truck to the tank at refueling stations, compensating for pressure differentials. The new HDM pumps, with a direct coupled hydraulic motor, offer a maximum operating speed of 7 and a maximum flow rate of 320 liters per minute, providing a cost-effective and reliable solution for various loading and unloading requirements.
Submerged Pumps are Influencing Market Prosperity
The submerged pump is extensively driving the market growth. Submersible pumps are essential for dewatering construction sites, and managing water in various applications, and are well-suited for harsh conditions such as flooding or waterlogging. The demand for submersible pumps is closely tied to infrastructure development, including water supply and wastewater treatment. The global submersible pumps market is projected to grow significantly, driven by increasing investments in the construction industry and the rising demand for water and wastewater management.
For instance, in January 2023, IceCure strengthened its intellectual properties for a submersible cryogenic pump, a key component of the ProSense System used for cryoablation. The innovative pump is designed to be submerged in liquid nitrogen, operating in a closed circuit to improve the cooling rate during procedures. It enables precise temperature control of the cryoprobe and facilitates the use of a wider range of cryoprobes and catheters. Additionally, the pump is engineered to support multiple or prolonged procedures without the need for frequent liquid nitrogen refills, thereby making it a versatile and efficient tool for tumor destruction through freezing.
Government Initiatives
Government initiatives are playing a pivotal role in shaping the market infrastructure. Government support through research funding and regulatory frameworks can foster the continued advancement and accessibility of cutting-edge medical technologies, ultimately benefiting patient care and treatment outcomes.
For instance, in January 2023, after completing a USD 14.5 million public offering, IceCure obtained patent protection for its cryogenic pump technology in the European Union and among the Japanese government. The patent will be valid until February 2040 and was recently granted in the European Union and allowed in Japan. The submersible pump, which works in a closed circuit and is submersible in liquid nitrogen, would improve the cooling rate during medical procedures. The innovation would enable IceCure to introduce a new generation of cryoablation systems with a small footprint for a wide range of applications.
Oil and Gas Industry Propels Market Growth
The Oil and Gas industry is a major consumer of cryogenic pumps, utilizing them in various processes, including the production and storage of industrial gases such as nitrogen, hydrogen, oxygen, and carbon dioxide for chemical synthesis. The increasing demand for cryogenic gases from the energy and power industry, especially in the oil and gas sectors, is one of the major factors driving the growth of the cryogenic pump market.
For instance, in November 2023, ITT Inc. completed the acquisition of Svanehoj Group A/S. Svanehoj's product portfolio includes fuel and energy pumps, deepwell gas cargo pumps, and tank control systems for low-emission and green fuels. The acquisition positions ITT to provide technologies that support the transition to cleaner energy.
Asia-Pacific to Dominate Cryogenic Pumps Market
Asia-Pacific dominates the market and is expected to grow at a significant rate. It is attributed to the region's growing end-use industries, rapid urbanization, and industrialization, particularly in emerging economies like China, India, and Japan. The surge in demand for industrial cryogas, increased investment in the infrastructure sector, and a focus on renewable energy further contribute to the region's dominance in the cryogenic pump market.
For instance, in February 2024, Fives and GuofuHee partnered to advance the Chinese mobility market with liquid hydrogen technology in cryogenic pumps. The collaboration aimed to optimize the performance of liquid hydrogen, particularly for liquefaction storage and transportation, and to support the expansion of hydrogen mobility in China. GuofuHee aimed to become China's largest provider of hydrogen equipment, and Fives continued to support the expansion and optimization of liquid hydrogen installations for the Chinese market.
Future Market Scenario (2024 - 2031F)
Continuous growing investments from the industrial sector, including metallurgy, healthcare, food and beverage, and electronics in developing economies, are expected to accelerate the demand for cryogenic pumps in the future, thereby leading to extensive opportunities for market prosperity.
Investment in R&D for future innovations in technological advancements of pump essentials such as magnetic bearings, improved insulation materials, and advanced control systems, expected to enhance the performance and reliability of cryogenic pumps, thereby catering to future needs, and stimulating market growth.
The continuously growing adoption of cryogenic applications across various industries, such as cryosurgery, cryopreservation, and cryogenic cooling, is expected to create a huge demand for cryogenic pumps in the future, thereby influencing market expedition.
Key market players are investing heavily in the technological advancements of cryogenic pumps and are anticipated to expedite the market growth at exponential growth in the future.
Key Players Landscape and Outlook
Key participants in the global cryogenic pumps market are currently focusing on advancing technologies and forming strategic partnerships to strengthen their global market position in an ever-changing environment.
In February 2024, Viewpoint partnered with SHI Cryogenics Group to explore the transformative potential of cryogenic technologies across industries. The collaboration involved the creation of an educational program that will focus on innovative cryogenic technologies. The program will feature behind-the-scenes insights into cutting-edge technologies and is set to be filmed in 2024. The partnership aimed to showcase the impact of cryogenic technologies and their applications in various sectors, with a particular emphasis on capturing the innovative aspects of these technologies.
In March 2023, EBARA Corporation developed the world's first liquid hydrogen booster pump for hydrogen power generation. The pump is designed to supply hydrogen to power generation gas turbines and can handle liquid hydrogen at -253 degree Celsius and higher pressure. The development of this pump is a significant advancement in the field of cryogenic liquid hydrogen pumps.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.