Market Overview:
The global LNG cryogenic pump market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural gas across the globe. Additionally, factors such as rising investments in LNG infrastructure and growing use of LNG as a transportation fuel are also contributing to the growth of this market. The global LNG cryogenic pump market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into 10-20 skids, more than 20 skids and other segments. The 10-20 skid segment is expected to account for a major share in terms of revenue in this market owing to its low installation cost and easy operability. By application, it can be classified into gas pipeline feeding, gas power stations, gas peak shaving plants and other applications segments.
Product Definition:
A Cryogenic Pump is a pump that uses cryogenic fluid to transfer heat away from a system. This type of pump is often used in the liquefied natural gas (LNG) industry to remove heat from the LNG storage tanks and pipelines.
10-20 Skids:
10-20 skids is a term used in the LNG industry for equipment that is used to store and transfer liquid natural gas on ships. It has several advantages over traditional systems, which makes it suitable to be used in cryogenic pump applications as well.
It offers safe and cost-effective transportation of LNG with minimal environmental impact during its operation.
More Than 20 Skids:
More than 20 skids refer to the number of times a ship can load and unload while traveling from one port to another. The more the number of times a ship can load and unload, generally means more cargo space it has. More than 20 skid LNG cryogenic pump is used in ships that have enough cargo space for two or more independent tanks that are linked by flexible hose.
Application Insights:
Based on the application, the global LNG cryogenic pump market has been segmented into gas pipeline feeding, gas power stations, other applications and inter-state transportation. The other applications include industrial use and domestic use. Gas peak shaving plants are expected to be one of the prominent end users of such pumps owing to their growing demand for cold natural gas liquids from shale reserves across various regions including North America and Asia Pacific.
The growth in shale oil &gas extraction is also expected to boost LNG consumption in power generation as a fuel source for peak shaving purposes over the forecast period. In addition, increasing number of coaltoberies coupled with rising demand for electricity is anticipated to augment natural gas consumption in power generation projects across China, India & South Korea by around 20% during 2018-2030 timeframe which would subsequently drive product demand over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for LNG cryogenic pumps owing to increasing gas pipeline network across countries such as China, India, Pakistan and Bangladesh. Furthermore, growing need for peak shaving plants across various industries including power generation and petrochemicals is anticipated to drive the regional market growth over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to rising demand from U.S., Canada and Mexico for more than 20 skids LNG cryogenic pump sets owing to their high efficiency at low cost with superior quality as compared other similar products available in North America or any other region globally. Moreover, presence of major players such as General Electric; Beyeler Group; Sauer-Brey GmbH & Co.; KHS GmbH & Co.; Cummins Inc.; Deutz-Fahr Group S.p.
Growth Factors:
- Increasing demand for LNG as a fuel source in transportation and power generation
- Growing popularity of LNG as an alternative to traditional fuels
- Proliferation of liquefaction and regasification terminals worldwide
- Rising investment in LNG infrastructure development
- Technological advancements that improve the efficiency and performance of cryogenic pumps
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Cryogenic Pump Market Research Report
By Type
10-20 Skids, More Than 20 Skids, Other
By Application
Gas Pipeline Feeding, Gas Power Stations, Gas Peak Shaving Plants, Other
By Companies
Nikkiso, Sulzer, Vanzetti Engineering, Rosatom, Nikkiso
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global LNG Cryogenic Pump Market Report Segments:
The global LNG Cryogenic Pump market is segmented on the basis of:
Types
10-20 Skids, More Than 20 Skids, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gas Pipeline Feeding, Gas Power Stations, Gas Peak Shaving Plants, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nikkiso
- Sulzer
- Vanzetti Engineering
- Rosatom
- Nikkiso
Highlights of The LNG Cryogenic Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 10-20 Skids
- More Than 20 Skids
- Other
- By Application:
- Gas Pipeline Feeding
- Gas Power Stations
- Gas Peak Shaving Plants
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LNG Cryogenic Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A cryogenic pump is a type of pump that uses liquid nitrogen to move fluid. Cryogenic pumps are used in industries such as oil and gas, chemical, food processing, and pharmaceuticals. They are also used in space exploration because they can operate at very low temperatures (-196 degrees Celsius or -320 degrees Fahrenheit).
Some of the major companies in the lng cryogenic pump market are Nikkiso, Sulzer, Vanzetti Engineering, Rosatom, Nikkiso.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG Cryogenic Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LNG Cryogenic Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Cryogenic Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LNG Cryogenic Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LNG Cryogenic Pump Market Size & Forecast, 2018-2028
4.5.1 LNG Cryogenic Pump Market Size and Y-o-Y Growth
4.5.2 LNG Cryogenic Pump Market Absolute $ Opportunity
Chapter 5 Global LNG Cryogenic Pump Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LNG Cryogenic Pump Market Size Forecast by Type
5.2.1 10-20 Skids
5.2.2 More Than 20 Skids
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Cryogenic Pump Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LNG Cryogenic Pump Market Size Forecast by Applications
6.2.1 Gas Pipeline Feeding
6.2.2 Gas Power Stations
6.2.3 Gas Peak Shaving Plants
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Cryogenic Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LNG Cryogenic Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LNG Cryogenic Pump Analysis and Forecast
9.1 Introduction
9.2 North America LNG Cryogenic Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LNG Cryogenic Pump Market Size Forecast by Type
9.6.1 10-20 Skids
9.6.2 More Than 20 Skids
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LNG Cryogenic Pump Market Size Forecast by Applications
9.10.1 Gas Pipeline Feeding
9.10.2 Gas Power Stations
9.10.3 Gas Peak Shaving Plants
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LNG Cryogenic Pump Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Cryogenic Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LNG Cryogenic Pump Market Size Forecast by Type
10.6.1 10-20 Skids
10.6.2 More Than 20 Skids
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LNG Cryogenic Pump Market Size Forecast by Applications
10.10.1 Gas Pipeline Feeding
10.10.2 Gas Power Stations
10.10.3 Gas Peak Shaving Plants
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LNG Cryogenic Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Cryogenic Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LNG Cryogenic Pump Market Size Forecast by Type
11.6.1 10-20 Skids
11.6.2 More Than 20 Skids
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LNG Cryogenic Pump Market Size Forecast by Applications
11.10.1 Gas Pipeline Feeding
11.10.2 Gas Power Stations
11.10.3 Gas Peak Shaving Plants
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LNG Cryogenic Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Cryogenic Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LNG Cryogenic Pump Market Size Forecast by Type
12.6.1 10-20 Skids
12.6.2 More Than 20 Skids
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LNG Cryogenic Pump Market Size Forecast by Applications
12.10.1 Gas Pipeline Feeding
12.10.2 Gas Power Stations
12.10.3 Gas Peak Shaving Plants
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LNG Cryogenic Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Cryogenic Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LNG Cryogenic Pump Market Size Forecast by Type
13.6.1 10-20 Skids
13.6.2 More Than 20 Skids
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LNG Cryogenic Pump Market Size Forecast by Applications
13.10.1 Gas Pipeline Feeding
13.10.2 Gas Power Stations
13.10.3 Gas Peak Shaving Plants
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LNG Cryogenic Pump Market: Competitive Dashboard
14.2 Global LNG Cryogenic Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nikkiso
14.3.2 Sulzer
14.3.3 Vanzetti Engineering
14.3.4 Rosatom
14.3.5 Nikkiso
