The cryopumps market was valued at US$1.031 billion in 2017 and is projected to expand at a CAGR of 2.26% over the forecast period to reach US$1.179 billion in 2023.
It is a vacuum pump that traps gases and vapors by condensing them on the surface. The demand for cryopumps is expected to increase on account of growing use of liquefied gas in different industry verticals. Simultaneously, its ability to provide higher capacities for gas cryo-absorption and increasing pump speed is further supplementing the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the cryopump market.
Major industry players profiled as part of the report are Sumitomo Heavy Industries Ltd., Brooks Automation, Inc., PHPK Technologies, and Nikkiso Cryo Inc. among others.
- Positive Displacement Pump
- Centrifugal Pump
- Refrigerator-cooled Cryopump
- Bath Cryopump
- Supercritical Helium-cooled Cryopump
By Gas Type:
- Introduced Gas
By End User:
- Energy & Power
- SHI Cryogenic Group
- PHPK Technologies
- Brooks Automation, Inc.
- Sumitomo Heavy Industries Ltd.
- Ebara International Corporation
- Cryostar SAS
- Nikkiso Cryo Inc.
- ACD, LLC
For more information about this report visit https://www.researchandmarkets.com/research/d36l9g/global_cryopumps?w=4