CRYOGENIC PUMP MARKET ANALYSIS

Regional Analysis

Global Cryogenic Pump Market: Regional Insights

Among regions, North America is anticipated to witness substantial growth in the global cryogenic pump market over the forecast period. This is attributed to low cost of natural gases, and rise in number of gas plants in the U.S. Moreover, increasing LNG infrastructure and growing LNG industry in Canada is also aiding in rapid growth of the market in North America region. Thus, the region will witness strong growth in the coming future.

Furthermore, Asia Pacific is also expected to show robust growth in the global cryogenic pump market over the forecast period. This is due to rise in demand for electricity, owing to growing industrialization, urbanization, and infrastructural developments along with subsequent investments in development of large gas-fired power generation. These factors in turn are creating demand for cryogenic pumps in the region, which in turn is expected to propel growth of the global cryogenic pump market over the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa