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The cryogenic pump market size is forecast to increase by USD 855.6 million at a CAGR of 5.7% between 2023 and 2028. The market is experiencing significant growth due to groundbreaking advancements in various sectors, including medicine, aerospace, energy, and smart transportation in frigid environments. Key trends driving market growth include the increasing demand for pumps capable of handling substances at temperatures below freezing for high-performance applications. Additionally, the rising need for pump repair and remanufacture services is contributing to market expansion. However, volatility in raw material prices poses a challenge to market growth. Developments in the water and wastewater industry, particularly in the treatment of industrial effluents, are also fueling market demand for cryogenic pumps. In the United States, this market is expected to continue its upward trajectory, driven by the increasing use of cryogenic pumps in applications such as natural gas processing, food and beverage processing, and pharmaceuticals.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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