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Coronavirus Market Reports News

Refrigeration Pumps Market to Witness Huge Growth by 2016 – 2026

Businesses across different industries are striving not only to reopen but also to grow. Business leaders are leveraging the rescue  packages from the government to restructure themselves with digital conversions and agile organizational structures. They are taking swift actions to get ready for greater resilience and better productivity in a future where the usual business does not exist. The industry leaders are investing in future technologies to automate facilities and physical processes to comply with social distancing norms.

The industrial sector is transforming towards centralized and automated non-core tasks. The businesses are evaluating and re-aligning  service capabilities and network models to adapt with the new normal. To overcome the impact of disrupted supply chain models, the businesses  are creating transparent system with help of big data, connected ecosystem and intelligent system. Besides all the organizational level changes, the market players in industrial sector are increasing work safety precautions to fall in line with the social-distancing norms issued by the government.

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Refrigeration is one of highest energy consuming entities in various manufacturing and non-manufacturing industries. Various new technologies are introduced in the market, which can minimize energy consumption during the refrigeration process. Refrigeration pump is used to transfer the refrigerant, in order to maintain the cooling cycle effective in place. The mechanism and working of refrigeration pump is similar to centrifugal pump. Refrigerants are of two types one is synthetic and other is natural.

Ammonia and carbon dioxide are the refrigerant which are generally used in refrigeration pump as they are not flammable and do not affect the ozone layer. These pumps ensure complete safety of refrigeration pump plants. As refrigeration plants operate in sealed proof area, the pumps should be leak proof and environment friendly so as to maintain proper cooling for longer time. In refrigeration pump multiple mechanical seal is used for prevention of leakage in vacuum condition. Revenue generated from the sales of refrigeration pumps, globally is expected to increase at a moderate CAGR over the forecast period.

Global Refrigeration Pumps Market: Market Dynamics

The global retail market has been estimated to grow at annual rate of 4% over the next ten years. This is expected to increase the demand for refrigeration pumps, thus driving the growth of refrigeration pumps market. Refrigeration pumps are used in supermarkets where cooling is required in order to maintain the food quality for longer time span. The increasing commercial sector is also expected to fuel the growth of refrigeration pumps market over the forecast period. Moreover, the changing lifestyle of consumers has led to rapid increase in demand for packed food products such as dairy products, chilled products and confectionery among others. This factor is also expected to boost the global refrigeration pumps market over the forecast period.

Increased maintenance cost and ensuring proper performance aligns are expected to be challenges for the key players in global refrigeration pumps market. Increased product innovation for cost effective refrigeration pumps with more efficiency can create new opportunities for key players in this market.

Global Refrigeration Pumps Market: Segmentation

The global refrigeration pumps market can be segmented based on product type as

  • Open Type Refrigerant pump
  • Closed Type Refrigerant Pump

The global refrigeration pumps market can also be segmented based on application as:

  • Food & beverages
  • Electrical and electronics
  • Industrial
  • Commercial
  • Others

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Global Refrigeration Pumps Market: Regional Outlook

The global refrigeration pumps market is segmented based on geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. Asia Pacific is expected to dominate the global refrigeration pumps market over the forecast period. China and India are anticipated to grow at the highest pace over the forecast period. Latin America and Middle East and Africa are also expected to witness high growth over the forecast period.

Global Refrigeration Pumps Market: Key Players

Some of the key market players identified in the global refrigeration pumps market are as follows:

  • HERMETIC Pumps
  • CORNELL PUMP COMPANY
  • Kirloskar Brothers Limited (India)
  • Viking Pump Inc.
  • Teikoku USA/Chempump
  • Buffalo pumps
  • Haskel

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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2020-2026 | Refrigeration Pumps Market Size By Regional Industry Growth, Statistics & Forecast

The Refrigeration Pumps Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report provides an overall analysis of the market based on types, applications, regions, and for the forecast period from 2020 to 2026. It also offers investment opportunities and probable threats in the market based on an intelligent analysis.

This report focuses on the Global Refrigeration Pumps Market trends, future forecasts, growth opportunities, key end-user industries, and market players. The objectives of the study are to present the key developments of the market across the globe.

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Key List Market Participants in the Market:
Hermetic Pumps
Cornell Pump
Kirloskar Brothers
Viking Pump
Chempump
Buffalo Pumps
Haskel

By Types:
Open Type Refrigerant Pump
Closed Type Refrigerant Pump

By Applications:
Food & Beverages
Electrical and Electronics
Industrial
Commercial
Others

Scope of the Refrigeration Pumps Market Report:

  • The market was valued at US$ XX million in 2020 is estimated to expand at a CAGR of around xx% during the forecast period to reach US$ xx million by 2026, according to the study.
  • This report focuses on the Refrigeration Pumps market, especially in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report categorizes the market based on regions, types, and applications.

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By Regions:
North America – (The USA, Canada, and Mexico)
Europe – (Germany, France, the UK, and Rest of Europe)
Asia Pacific – (China, Japan, India, and Rest of Asia Pacific)
Latin America – (Brazil and Rest of Latin America.)
Middle East &Africa – (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa).

Report Answers Following Questions:

  • What are the factors driving the growth of the market?
  • What factors are inhibiting market growth?
  • What are the future opportunities in the market?
  • Which are the most dynamic companies and what are their recent developments within the Refrigeration Pumps Market?
  • What key developments can be expected in the coming years?
  • What are the key trends observed in the market?

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Refrigeration Pumps Market Historic Data (2015-2019):

  • Industry Trends: Global Revenue and Outlook
  • Competitive Landscape: Manufacturers and Development Trends
  • Market Segment: Types, Applications, and Regions
  • Sales Revenue: Market Share, Growth Rate, and Current Market Analysis

Refrigeration Pumps Market Forecast (2020-2026):

  • Market Size Forecast:Overall Global Market Size, Segment by Types, Applications, and Regions
  • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, and Product Sales Price
  • Top Players: Market Share, Overview Strategies, and Products/Services Offered

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Coronavirus Market Reports

Refrigeration Pumps Market Report – Actionable Insights and Recommendation 2016 – 2026

Businesses across different industries are striving not only to reopen but also to grow. Business leaders are leveraging the rescue  packages from the government to restructure themselves with digital conversions and agile organizational structures. They are taking swift actions to get ready for greater resilience and better productivity in a future where the usual business does not exist. The industry leaders are investing in future technologies to automate facilities and physical processes to comply with social distancing norms.

The industrial sector is transforming towards centralized and automated non-core tasks. The businesses are evaluating and re-aligning  service capabilities and network models to adapt with the new normal. To overcome the impact of disrupted supply chain models, the businesses  are creating transparent system with help of big data, connected ecosystem and intelligent system. Besides all the organizational level changes, the market players in industrial sector are increasing work safety precautions to fall in line with the social-distancing norms issued by the government.

Refrigeration is one of highest energy consuming entities in various manufacturing and non-manufacturing industries. Various new technologies are introduced in the market, which can minimize energy consumption during the refrigeration process. Refrigeration pump is used to transfer the refrigerant, in order to maintain the cooling cycle effective in place. The mechanism and working of refrigeration pump is similar to centrifugal pump.

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Refrigerants are of two types one is synthetic and other is natural.   Ammonia and carbon dioxide are the refrigerant which are generally used in refrigeration pump as they are not flammable and do not affect the ozone layer. These pumps ensure complete safety of refrigeration pump plants. As refrigeration plants operate in sealed proof area, the pumps should be leak proof and environment friendly so as to maintain proper cooling for longer time. In refrigeration pump multiple mechanical seal is used for prevention of leakage in vacuum condition. Revenue generated from the sales of refrigeration pumps, globally is expected to increase at a moderate CAGR over the forecast period.

Global Refrigeration Pumps Market: Market Dynamics

The global retail market has been estimated to grow at annual rate of 4% over the next ten years. This is expected to increase the demand for refrigeration pumps, thus driving the growth of refrigeration pumps market. Refrigeration pumps are used in supermarkets where cooling is required in order to maintain the food quality for longer time span. The increasing commercial sector is also expected to fuel the growth of refrigeration pumps market over the forecast period. Moreover, the changing lifestyle of consumers has led to rapid increase in demand for packed food products such as dairy products, chilled products and confectionery among others. This factor is also expected to boost the global refrigeration pumps market over the forecast period.

Increased maintenance cost and ensuring proper performance aligns are expected to be challenges for the key players in global refrigeration pumps market. Increased product innovation for cost effective refrigeration pumps with more efficiency can create new opportunities for key players in this market.

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Global Refrigeration Pumps Market: Segmentation

The global refrigeration pumps market can be segmented based on product type as

  • Open Type Refrigerant pump
  • Closed Type Refrigerant Pump

The global refrigeration pumps market can also be segmented based on application as:

  • Food & beverages
  • Electrical and electronics
  • Industrial
  • Commercial
  • Others

Global Refrigeration Pumps Market: Regional Outlook

The global refrigeration pumps market is segmented based on geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. Asia Pacific is expected to dominate the global refrigeration pumps market over the forecast period. China and India are anticipated to grow at the highest pace over the forecast period. Latin America and Middle East and Africa are also expected to witness high growth over the forecast period.

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Global Refrigeration Pumps Market: Key Players

Some of the key market players identified in the global refrigeration pumps market are as follows:

  • HERMETIC Pumps
  • CORNELL PUMP COMPANY
  • Kirloskar Brothers Limited (India)
  • Viking Pump Inc.
  • Teikoku USA/Chempump
  • Buffalo pumps
  • Haskel