Cryogenic Submerged Motor Pumps Market drivers

Reciprocating Cryogenic Submerged Motor Pumps Industry: Expansion of Business Operations Remains Key Growth Strategy

Sales of cryogenic submerged motor pumps is estimated to be valued at US$ 1,762.4 million in 2020 and add value worth US$ 714.4 million during the forecast period. Pre-COVID-19 forecast of the cryogenic submerged motor pumps market pegged at a CAGR of 3.5% for the period of 2020-2030. However, the market is expected to face a downtrend in 2020 till the COVID-19 subsides. As the global fleet of natural gas vehicles