Cryo Vacuum Pumps Market

A vacuum pump is a device that removes gas molecules from a sealed volume in order to create a partial vacuum. A cryogenic vacuum pump is a type of vacuum pump that uses liquid nitrogen or another cold gas as a coolant. The dry vacuum pump market has seen rapid growth. This is due to a number of factors, such as increasing demand for high-precision components and rising industrial applications. With this, the market is expected to continue its expansion over the forecast period.

The reciprocating-type segment is projected to grow at the highest CAGR during the forecast period. Reciprocating pumps are positive displacement pumps that use piston-cylinder mechanisms to transfer gas from low to high pressures. They are widely used in various end-use industries such as food and beverage, pharmaceuticals, chemicals, and oil and gas, among others, due to their ability to handle corrosive gases and vapors.

The global cryo vacuum pumps market is expected to grow at a CAGR of **% from 2019 to 2031. The market was valued at USD XX million in 2019 and is projected to reach USD XX million by 2031. The major factors driving the growth of the market are the increasing demand for high-vacuum applications and the growing adoption of LN2-based systems.

Some of the key players in the cryo vacuum pumps market are AB, Ebara Corporation, SHI Cryogenics Group, Nikkiso, Fives Group, Cryostar, TRILLIUM FLOW TECHNOLOGIES, Gemmecotti Srl, and PHPK Technologies.