Cryopumps Market - ForecastS from 2018 to 2023

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.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the cryopumps value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

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.

Segmentation:

The cryopumps market has been analyzed through following segments:

By Functionality:

• Positive Displacement Pump


• Centrifugal Pump

By Type:

• Refrigerator-cooled Cryopump


• Bath Cryopump


• Supercritical Helium-cooled Cryopump

By Gas Type:

• Air


• Outgas


• Introduced Gas

By End User:

• Metallurgy


• Electronic


• Energy & Power


• Others

By Geography:

• North America


• United States


• Canada


• Mexico


• Others


• South America


• Brazil


• Argentina


• Others


• Europe


• United Kingdom


• Germany


• France


• Italy


• Others


• Middle East and Africa


• Saudi Arabia


• United Arab Emirates


• South Africa


• Others


• Asia Pacific


• Japan


• Korea


• China


• India


• Others