Lucintel Forecasts the Global Cryogenic Pump Market to Reach $2.5 billion by 2030
"According to a market report by Lucintel, the future of the global cryogenic pump market looks promising with opportunities in the nitrogen, hydrogen, helium, and LNG markets. The global cryogenic pump market is expected to reach an estimated $2.5 billion by 2030 from $1.9 billion in 2024, at a CAGR of 4.7% from 2024 to 2030"
According to a market report by Lucintel, the future of the global cryogenic pump market looks promising with opportunities in the nitrogen, hydrogen, helium, and LNG markets. The global cryogenic pump market is expected to reach an estimated $2.5 billion by 2030 from $1.9 billion in 2024, at a CAGR of 4.7% from 2024 to 2030
According to a market report by Lucintel, the future of the global cryogenic pump market looks promising with opportunities in the nitrogen, hydrogen, helium, and LNG markets. The global cryogenic pump market is expected to reach an estimated $2.5 billion by 2030 from $1.9 billion in 2024, at a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are expansion of gas-based power generation, surge in demand of liquified and compressed gas in automotive industry, and increase in demand for medical gas in the healthcare facilities.
A more than 150-page report to understand trends, opportunity and forecast in cryogenic pump market to 2030 by type (centrifugal, and positive displacement), application (nitrogen, hydrogen, helium, and LNG), end use industry (healthcare industry, energy & power generation industry, and electricals & electronics industry, metallurgy industry, and chemicals), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that centrifugal pumps will remain the largest segment over the forecast period owing to its relatively superior operational efficiency.
Within this market, LNG will remain the largest segment.
Download sample by clicking on cryogenic pump market
APAC is expected to witness highest growth over the forecast period due to growing focus on renewable energy sources and increasing investment in metallurgy and energy & power industries in countries like india and china.
Atlas Copco, Ebara Corporation, SHI Cryogenics Group, Nikkiso, Fives, Cryostar, TRILLIUM FLOW TECHNOLOGIES, Gemmecotti Srl, PHPK Technologies, Barber-Nichols are the major suppliers in the cryogenic pump market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
Explore Our Latest Publications
Wired Interface Market
Low Friction Coating Market
UVC Light Meters Market
Lubricant Viscosity Index Improver Market
Cat Vaccine Market
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email: Send Email
Phone: 972.636.5056
Address: 8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
PEXX Launches Borderless USD Neo-Bank for the Global Generation
Borderless dollar banking—built different for people who live and work everywhere SINGAPORE, June 10, 2025 /CNW/ -- PEXX, the cross-border USD platform built for today's mobile workforce, has opened its full neo-banking suite to customers in more than 50 countries. The launch delivers four connected products that let users Bank Different, Pay Different, Send Different, and Earn Different —replacing legacy bank delays, paperwork, and hidden fees with real-time settlement and transparent pricing.
Globe and Mail
an hour ago
- Globe and Mail
Stocks Post Modest Gains on Signs of Progress in US-China Trade Talks
The S&P 500 Index ($SPX) (SPY) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI) (DIA) closed unchanged, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.17%. June E-mini S&P futures (ESM25) are up +0.03%, and June E-mini Nasdaq futures (NQM25) are up +0.07%. Stock indexes on Monday settled slightly higher, with the S&P 500 posting a 3-1/2 month high. Signs of progress in the US-China trade talks pushed stock prices higher on Monday after trade negotiators for both countries agreed to meet again on Tuesday. Gains in stocks accelerated on Monday when Kevin Hassett, head of the National Economic Council, said the US is willing to remove restrictions on some tech exports to China for assurances that China will ease limits on rare earth shipments. M&A activity is supportive of stocks after Qualcomm on Monday agreed to buy Alphawave IP Group Plc for about $2.4 billion. Also, IonQ agreed to buy Oxford Ionics in a deal valued at $1.075 billion. Lower bond yields also boosted stocks as the 10-year T-note yield on Monday fell -2 bp to 4.48%. China's trade report was weaker than expectations and was bearish for global growth prospects. China's May exports rose +4.8% y/y, weaker than expectations of +6.0% y/y. Also, May imports fell -3.4% y/y, weaker than expectations of -0.8% y/y. The markets this week will focus on any fresh tariff news and the US-China trade negotiations. On Wednesday, May CPI is expected to tick up to +2.5% y/y from +2.3% y/y in April, and May CPI ex-food and energy is expected to increase to +2.9% y/y from +2.8% y/y in April. On Thursday, weekly initial unemployment claims are expected to fall -6,000 to 241,000. Also, the May final-demand PPI is expected to increase to +2.6% y/y from +2.4% y/y in April, while May PPI ex-food and energy is expected to remain unchanged from April at +3.1% y/y. On Friday, the preliminary June University of Michigan US consumer sentiment index is expected to climb +1.3 to 53.5. The markets are discounting the chances at 0% for a -25 bp rate cut at the next FOMC meeting on June 17-18. Overseas stock markets on Monday settled mixed. The Euro Stoxx 50 closed down -0.16%. China's Shanghai Composite rose to a 3-week high and closed up +0.43%. Japan's Nikkei Stock 225 climbed to a 1-week high and closed up +0.92%. Interest Rates September 10-year T-notes (ZNU2 5) Monday closed up +8 ticks. The 10-year T-note yield rose +0.2 bp to 4.508%. Sep T-notes Monday recovered early losses and settled higher on optimism that progress was being made in US-China trade talks, which could lead to lower tariffs and reduced inflation concerns. T-note prices also saw some support from the weaker-than-expected Chinese trade report, which was negative for global economic growth. T-notes on Monday initially moved lower, and the 10-year T-note yield rose to a 1-week high of 4.516%. T-notes were under early pressure on Monday after the price of WTI crude oil rallied to a 2-1/4 month high, boosting inflation expectations. Also, supply pressures weighed on T-notes as the Treasury will auction $58 billion of 3-year T-notes on Tuesday as part of this week's $119 billion auction schedule of T-notes and T-bonds. European government bond yields today are moving higher. The 10-year German bund yield fell -0.9 bp to 2.567%. The 10-year UK gilt yield fell -1.2 bp to 4.632%. ECB Governing Council member Kazimir said the ECB is nearly, if not already, at the end of its interest rate cut cycle. Swaps are discounting the chances at 13% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Strength in chip stocks on Monday supported the broader market. Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), Qualcomm (QCOM), and ON Semiconductor (ON) closed up more than +4%. Also, Texas Instruments (TXN) closed up more than +3%. In addition, Intel (INTC), KLA Corp (KLAC), ASML Holding NV (ASML), Micron Technology (MU), and NXP Semiconductors NV (NXPI) closed up more than +2%. Goodyear Tire & Rubber (GT) closed up more than +10% after BNP Paribas Exane upgraded the stock to outperform from neutral with a price target of $15. Etoro Group Ltd (ETOR) closed up more than +10% after Mizuho Securities initiated coverage on the stock with a recommendation of outperform and a price target of $80. Steven Madden Ltd (SHOO) closed up more than +4% after Williams Trading LLC upgraded the stock to buy from hold with a price target of $31. ABM Industries (ABM) closed up more than +3% after Baird upgraded the stock to outperform from neutral with a price target of $56. IonQ (IONQ) closed up more than +2% after agreeing to buy Oxford Ionics in a deal valued at $1.075 billion. Synopsys (SNPS) and Cadence Design Systems (CDNS) closed up more than +1% after DigiTimes reported that access to technical support platforms from the companies had been restored in China in the wake of a phone call last week between US President Trump and Chinese President Xi Jinping. AppLovin (APP) closed down by more than -8% to lead losers in the Nasdaq 100 after S&P Dow Jones Indices announced there are no changes to the S&P 500 Index, erasing speculation that the stock might be added to the index. Intuitive Surgical (ISRG) closed down more than -5% after Deutsche Bank Downgraded the stock to sell from hold with a price target of $440. Insurance stocks declined on Monday, putting pressure on the overall market. Aon Plc (AON) closed down more than -4%, and Allstate (ALL), Arthur J Gallagher (AJG), Marsh & McLennan (MMC) closed down more than -3%. Also, American International Group (AIG), Progressive Corp (PGR), Willis Towers Watson Plc (WTW), and Erie Indemnity (ERIE) closed down more than -2%. In addition, Travelers Cos (TRV) closed down more than -3% to lead losers in the Dow Jones Industrials. EchoStar (SATS) closed down more than -8% after the Wall Street Journal reported the company is weighing a potential Chapter 11 bankruptcy filing amid an FCC review of certain of its wireless and satellite spectrum rights. Cheniere Energy (LNG) closed down more than -6% on signs of insider selling after an SEC filing showed Director Shear sold $1.06 million of shares last Thursday. Robinhood Markets (HOOD) closed down more than -2% after Reburn downgraded the stock to sell from neutral with a price target of $48. Core & Main Inc (CNM), GameStop Corp (GME), Gitlab Inc (GTLB), J M Smucker Co/The (SJM).
Globe and Mail
2 hours ago
- Globe and Mail
Invest in the Gaming Industry: the HERO ETF Lets You Invest Where the Players Play
The Global Gaming Market in 2024 While gaming titles like Pac-Man, Super Mario, and GoldenEye 007 may evoke nostalgia for many individuals, they are the forerunners of the modern gaming industry, which has become a burgeoning arena of opportunity for investors. As noted in a 2022 Ernst & Young report on the Gaming Industry, an estimated 2.9 billion people — more than one out of every three people on the planet — played a video game in 2021, highlighting the growing acceptance of video games as a means of entertainment and, in some instances, as an educational tool. According to Newzoo, a global market research firm specializing in the gaming industry, the global games market generated $177 billion in 2024, with the Asia-Pacific region and North America contributing $84.1 billion and $49 billion, respectively. From a growth perspective, the industry has generally demonstrated an upward trend and is anticipated to keep expanding in the coming years. Notably, games operating on mobile platforms are set to become the most significant revenue contributors in the future. Factors Driving Industry Growth Various technological advancements and social factors are propelling the gaming industry forward. From a technological perspective, enhancements in graphics and the rollout of 5G communication networks will significantly improve the gaming experience and accelerate the adoption of mobile and cloud-based game delivery. With these technological advancements and the rising popularity of online gaming across multiple platforms, the gaming industry is set to continue its growth. The rise of eSports also contributes to the growth of gaming. With gaming now entering the realm of professional, spectator-driven sport, it is attracting individuals who may have had a cursory interest in the activity, providing a pathway for them to become fully immersed. Furthermore, the growing acceptance of live-streaming websites like Twitch and YouTube is a major factor propelling the industry's expansion. Another emerging avenue for growth is microtransactions, a business model that allows users to purchase in-game virtual goods through micropayments. Microtransactions have benefited online gaming by providing developers with additional revenue streams, such as season passes, in-game purchases, and subscriptions. As users seek to customize their gaming experience, microtransactions are expected to increase, particularly as game developers innovate with virtual reality and augmented reality to create truly immersive experiences. Investing In Gaming For Canadian investors seeking to gain exposure to the gaming industry, the Evolve E-Gaming Index ETF (Ticker: HERO) provides access to equity securities of companies listed both domestically and globally, with business activities in the electronic gaming industry. The fund tracks the performance of the Solactive eGaming Index, which reflects companies engaged in the eGaming segment, including those that operate websites allowing visitors to engage in video games for fun or prizes, or produce games playable on PCs, handheld devices, smartphones, or dedicated consoles. As observed from the following charts, on both a year-to-date and a 1-year time period, HERO has exhibited a strong performance. Takeaway Gaming has evolved from a recreational activity into a lifestyle and professional practice adopted by millions of individuals worldwide. As the gaming industry continues to grow, the investment opportunities associated with it are expected to flourish; thus, investors can benefit from participating in the industry's growth through solutions such as HERO, which provide comprehensive exposure to industry leaders within the gaming industry. Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
