Cryogenic pumps are used to handle and transfer extremely cold fluids, such as liquefied gases and low-temperature liquids like liquid nitrogen, liquid oxygen, and liquefied natural gas (LNG). Here are some trends that were observed:
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• Growing Demand for LNG Infrastructure: The increasing demand for natural gas and LNG as cleaner energy sources was driving the need for LNG liquefaction plants and regasification terminals. Cryogenic pumps are a crucial component of these facilities, leading to increased demand for cryogenic pump technologies.
• Expansion of Industrial Gas Applications: Industrial gases like nitrogen, oxygen, and argon are commonly used in various industries, including h