Latin America Cryogenic Pump Market Size & Outlook
The cryogenic pump market in Latin America is expected to reach a projected revenue of US$ 198.9 million by 2030. A compound annual growth rate of 5.6% is expected of Latin America cryogenic pump market from 2024 to 2030.
Revenue, 2023 (US$M)
$136.1
Forecast, 2030 (US$M)
$198.9
CAGR, 2024 - 2030
5.6%
Report Coverage
Latin America
Latin America cryogenic pump market, 2018-2030 (US$M)
Latin America cryogenic pump market highlights
- The Latin America cryogenic pump market generated a revenue of USD 136.1 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating type in 2023.
- Centrifugal Pump is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 136.1 million |
| Market revenue in 2030 | USD 198.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Centrifugal Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump |
| Key market players worldwide | Nikkiso Co Ltd, Ebara Corp, Flowserve Corp, Fives Group, Cryostar, Vanzetti Engineering, Cryomech, Sumitomo Heavy Industries Ltd, Ruhrpumpen, PBS GROUP |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global cryogenic pump market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,333.4 million by 2030.
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Cryogenic Pump Market Scope
Cryogenic pump market segmentation & scope
Cryogen Type
LNG
Nitrogen
Oxygen
Argon
Helium
Others
End Use
Oil & Gas
Metallurgy
Power Generation
Chemical & Petrochemical
Electronics
Others
Countries
Argentina
Brazil
Denmark
France
Italy
Netherlands
Sweden
UK
Norway
Spain
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Cryogenic Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cryogenic pump market
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