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市场调查报告书
商品编码
1801170

2025 年至 2033 年低温设备市场规模、份额、趋势及预测（按设备、冷媒、应用、最终用途产业及地区划分）

Cryogenic Equipment Market Size, Share, Trends and Forecast by Equipment, Cryogen, Application, End Use Industry, and Region, 2025-2033
出版日期: | 出版商: IMARC | 英文 124 Pages | 商品交期: 2-3个工作天内

价格

2024年，全球低温设备市场规模达227.3亿美元。展望未来， IMARC Group预测，到2033年，市场规模将达到344亿美元，2025-2033年期间的复合年增长率为4.23%。亚太地区目前占据市场主导地位，2024年将占据超过37.8%的市场。先进技术的广泛应用、医疗保健产业对多种应用产品需求的不断增长、各种食品加工应用中产品需求的不断增长以及可再生能源的不断增长，都是推动市场发展的一些因素。

低温设备市场的成长主要得益于液化天然气 (LNG) 作为清洁能源日益增长的需求，以及冶金、食品加工和电子等行业对工业气体日益增长的需求。根据国际能源总署发布的报告，全球天然气需求将在 2024 年达到创纪录的 4,2,000 亿立方米，年增超过 2.5%。然而，由于地缘政治衝突和专案延误影响成长，2024 年第一季至第三季液化天然气供应仅成长 2%。冷冻疗法和冷冻保存等医疗保健应用的不断扩大显着增加了对低温系统的需求。全球向再生能源和氢基技术的转变进一步推动了市场成长，因为这些产业需要先进的低温储存和运输解决方案。持续的技术创新、对太空探索的投资不断增加以及促进清洁能源应用的严格环境法规是推动市场向前发展的关键因素。

美国低温设备市场受到液化天然气 (LNG) 需求不断增长的推动，液化天然气是一种更清洁的能源，得益于该国强劲的天然气产量。例如，2025 年 1 月，德州的 Freeport LNG 宣布装运了自营运以来的第 800 批液化天然气，具有里程碑意义。着名客户 JERA 进一步宣布将加强扩建 LNG 设施的投资和基础设施支援。冷冻疗法、冷冻保存和医用气体储存等医疗保健应用的成长发挥着重要作用。脱碳浪潮推动的氢能係统扩张进一步加速了需求。航太和国防部门利用低温技术进行推进和材料测试。食品保鲜、金属加工和电子製造中工业气体用量的增加以及低温技术在效率和安全性方面的进步也促进了市场成长。

低温设备市场趋势：

快速工业化

全球快速的工业化过程为市场带来了巨大的机会。随着产业的扩张与多样化，对低温设备的需求也随之成长。在化学领域，低温设备用于液化气体，根据产业报告，2023年全球液化天然气产量将达到4.01亿吨，推动了需求的成长。这些行业通常需要极低温解决方案来满足各种应用需求。例如，在化学和石化领域，低温设备对于气体的分离和液化至关重要，有助于生产工业气体、化学品和液化天然气，从而促进了低温设备市场的需求。此外，不断扩张的製药业依靠低温设备来冷冻保存生物材料，例如细胞培养和疫苗，以确保其稳定性和有效性。此外，食品加工产业利用低温冷冻和冷却系统来维持产品品质、延长保质期并满足严格的安全标准。随着发展中国家快速工业化，这些新兴市场对低温设备的需求日益增长，进一步推动了市场的成长。

研发活动中产品需求的增加

研发活动中不断增长的产品需求代表了低温设备市场的关键趋势之一。例如，量子计算的进步需要将超导体冷却至1开尔文以下，而低温系统则能够研究极端温度下的化学反应，这将对材料科学和製药业产生深远的影响。低温设备在物理学、化学和生物学等各个科学领域都不可或缺，这些领域的实验和分析都需要超低温。在物理学领域，低温设备可以冷却超导材料，从而推动量子运算和能量传输领域的突破。在化学领域，低温设备有助于研究极低温度下的化学反应，促进新材料和新药物的开发。此外，低温设备在生物技术和生命科学领域也发挥关键作用，例如保存生物样本、促进基因研究以及储存用于再生医学的细胞和组织。随着製药、电子和材料科学等各行各业研发力度的加大，对精密可靠的低温设备的需求也日益增长。该设备助力研究人员探索新领域，取得创新发现，推动市场扩张。此外，低温技术的进步不断提升其多功能性和效率，使其成为全球科学家和研究人员不可或缺的工具。

提高再生能源储存和运输产品的利用率

用于储存和运输再生能源的产品利用率不断上升，促进了市场成长。低温系统，尤其是液态氢和液态氧储存，在新兴的再生能源领域至关重要。这些系统在储存风能和太阳能等再生能源产生的多余能源方面发挥关键作用，这些能源可在能源生产低谷或需求高峰期使用。随着再生能源市场的成长，预计到2027年全球风能和太阳能装置容量将达到2,400吉瓦（根据产业报告），对低温设备的需求也将随之成长。此外，低温储能为电网稳定性提供了一种可扩展且环保的解决方案，有助于平衡再生能源的间歇性，并确保稳定的电力供应。向清洁能源的过渡促使对低温基础设施的投资增加，包括用于能源储存和运输的液化天然气（LNG）。随着世界转向永续能源解决方案，对低温设备的需求将持续成长，为低温设备市场创造巨大的成长机会。这一因素与全球减少碳排放和向更环保的能源解决方案转型的努力一致，使低温设备成为再生能源领域的重要组成部分。

目录

第一章：前言

第二章：范围与方法

  • 研究目标
  • 利害关係人
  • 资料来源
    • 主要来源
    • 次要来源
  • 市场评估
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第三章：执行摘要

第四章：简介

第五章：全球低温设备市场

  • 市场概览
  • 市场表现
  • COVID-19的影响
  • 市场预测

第六章：市场区隔：依设备

  • 坦克
  • 泵浦
  • 热交换器
  • 阀门
  • 其他的

第七章：市场区隔：依冷媒

  • 氮
  • 液化天然气
  • 氦
  • 其他的

第 8 章：市场区隔：按应用

  • 贮存
  • 运输
  • 加工
  • 其他的

第九章：市场区隔：依最终用途产业

  • 石油和天然气
  • 能源和电力
  • 食品和饮料
  • 卫生保健
  • 海洋和航太
  • 化学品
  • 其他的

第十章：市场细分：按地区

  • 北美洲
    • 美国
    • 加拿大
  • 亚太地区
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲

第 11 章：SWOT 分析

第 12 章：价值链分析

第 13 章：波特五力分析

第 14 章：价格分析

第 15 章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • Air Liquide SA
    • Air Products and Chemicals Inc.
    • Chart Industries Inc.
    • Cryofab Inc.
    • Cryoquip LLC (Nikkiso Co. Ltd.)
    • Emerson Electric Co.
    • Flowserve Corporation
    • Herose GmbH
    • INOX India Pvt. Ltd.
    • Linde Plc
    • Parker-Hannifin Corporation
    • Wessington Cryogenics
Product Code: SR112025A2577

The global cryogenic equipment market size was valued at USD 22.73 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 34.40 Billion by 2033, exhibiting a CAGR of 4.23% during 2025-2033. Asia Pacific currently dominates the market, holding a significant market share of over 37.8% in 2024. The widespread adoption of advanced technology, the rising product demand in the healthcare industry for several applications, the growing product uptake in various food processing applications, and the escalating uptake of renewable energy sources are some of the factors propelling the market.

The cryogenic equipment market growth is primarily driven by the growing demand for liquefied natural gas (LNG) as a cleaner energy source coupled with the increasing need for industrial gases in sectors such as metallurgy, food processing and electronics. According to the report published by IEA, the demand for gas across the globe is set to reach a record 4,200 bcm in 2024 growing over 2.5% year-on-year. However, LNG supply increased only 2% in Q1-Q3 2024 with geopolitical conflicts and project delays affecting growth. Expanding healthcare applications including cryotherapy and cryopreservation significantly boost demand for cryogenic systems. The global shift toward renewable energy and hydrogen-based technologies further propels market growth as these sectors require advanced cryogenic solutions for storage and transportation. Ongoing technological innovations, rising investments in space exploration and stringent environmental regulations promoting clean energy adoption are key factors driving the market forward.

The United States cryogenic equipment market is driven by the rising demand for liquefied natural gas (LNG) as a cleaner energy source supported by the country's robust natural gas production. For instance, in January 2025, Freeport LNG in Texas announced the landmark shipment of its 800th liquefied natural gas cargo since operations began. JERA, a notable customer further announced the enhancement of its investment and infrastructure support for the expanding LNG facility. Growth in healthcare applications including cryotherapy, cryopreservation and medical gas storage plays a significant role. The expansion of hydrogen-based energy systems driven by the push for decarbonization further accelerates demand. The aerospace and defense sectors leverage cryogenic technologies for propulsion and material testing. Increasing industrial gas usage in food preservation, metal processing and electronics manufacturing also contributes to market growth alongside advancements in cryogenic technologies for efficiency and safety.

Cryogenic Equipment Market Trends:

Rapid Industrialization

Rapid industrialization worldwide is offering numerous opportunities for the market. As industries expand and diversify, the demand for cryogenic equipment rises in tandem. In the chemical sector, cryogenic equipment is used to liquefy gases, with global LNG production reaching 401 million tons in 2023 (as per an industry report), driving demand. These industries often require extremely low-temperature solutions for various applications. In the chemical and petrochemical sector, for instance, this equipment is essential for the separation and liquefaction of gases, aiding in producing industrial gases, chemicals, and LNG, which, in turn, is facilitating the cryogenic equipment market demand. Additionally, the expanding pharmaceutical industry relies on it for the cryopreservation of biological materials, such as cell cultures and vaccines, ensuring their stability and efficacy. Furthermore, the food processing industry utilizes cryogenic freezing and cooling systems to maintain product quality, extend shelf life, and meet stringent safety standards. As developing countries undergo rapid industrialization, there's an increasing need for cryogenic equipment in these emerging markets, further fueling market growth.

Increasing Product Demand in Research and Development Activities

The increasing product demand in research and development (R&D) activities represents one of the key cryogenic equipment market trends. For instance, quantum computing advancements require cooling superconductors to temperatures below 1 Kelvin, while cryogenic systems enable the study of chemical reactions at extreme temperatures, impacting material science and pharmaceuticals. Cryogenic equipment is indispensable in various scientific disciplines, such as physics, chemistry, and biology, where ultra-low temperatures are required for experiments and analysis. It cools superconducting materials in physics, enabling breakthroughs in quantum computing and energy transmission. In chemistry, it aids in studying chemical reactions at extremely low temperatures, contributing to the development of new materials and pharmaceuticals. Additionally, it plays a pivotal role in biotechnology and life sciences by preserving biological samples, facilitating genetic research, and storing cells and tissues for regenerative medicine. As R&D efforts intensify across industries, including pharmaceuticals, electronics, and material science, the demand for precise and reliable cryogenic equipment grows. This equipment empowers researchers to explore new frontiers and make innovative discoveries, driving the market's expansion. Furthermore, advancements in cryogenic technology continue to enhance its versatility and efficiency, making it an indispensable tool for scientists and researchers worldwide.

Rising Product Utilization to Store and Transport Renewable Energy Sources

The rising product utilization to store and transport renewable energy sources fosters market growth. Cryogenic systems, particularly liquid hydrogen, and liquid oxygen storage are crucial in the emerging field of renewable energy. These systems play a pivotal role in storing excess energy generated from renewable sources, such as wind and solar power, which can be used during low energy production or high demand. As the renewable energy market grows, with global wind and solar capacity expected to reach 2,400 GW by 2027 (as per an industry report), the demand for cryogenic equipment increases. Moreover, cryogenic energy storage offers a scalable and environmentally friendly solution for grid stability, helping to balance the intermittency of renewable sources and ensuring a consistent power supply. The transition to clean energy sources has prompted increased investments in cryogenic infrastructure, including liquefied natural gas (LNG) for energy storage and transportation. As the world shifts towards sustainable energy solutions, the demand for cryogenic equipment in this context will continue rising, creating substantial growth opportunities for the cryogenic equipment market. This factor aligns with global efforts to reduce carbon emissions and transition to more environmentally friendly energy solutions, making cryogenic equipment a vital component in the renewable energy landscape.

Cryogenic Equipment Industry Segmentation:

Analysis by Equipment:

  • Tanks
  • Pumps
  • Heat Exchanger
  • Valves
  • Others

Tanks leads the market with around 63.3% of market share in 2024. Cryogenic tanks are indispensable for storing and transporting liquefied gases, such as liquid nitrogen, liquid oxygen, and liquefied natural gas (LNG). The increasing demand for LNG as a cleaner energy source and the expanding applications of cryogenic gases across industries like healthcare, aerospace, and electronics are propelling the need for these tanks. Furthermore, the development of smaller, more portable cryogenic tanks is opening new avenues for applications in healthcare, laboratories, and even emerging industries like space tourism.

The ever-growing focus on sustainability and reducing carbon emissions also drives the adoption of cryogenic tanks for storing renewable energy sources. As these tanks evolve to meet diverse requirements and environmental standards, they continue to be a linchpin in the market's expansion, facilitating the safe and efficient handling of cryogenic materials across various industries.

Analysis by Cryogen:

  • Nitrogen
  • Liquified Natural Gas
  • Helium
  • Others

Liquified natural gas leads the market with around 47.7% of the total cryogenic equipment market share in 2024. LNG is a supercooled form of natural gas, stored and transported at extremely low temperatures. The global transition toward cleaner energy sources has propelled the demand for LNG, making it a focal point in the cryogenic equipment market. Cryogenic technology, including specialized storage tanks and transport infrastructure, is pivotal in LNG's liquefaction, storage, and regasification. Its versatility spans multiple sectors, from powering vehicles to serving as a feedstock for various industries.

Compared to traditional fossil fuels, its role in reducing greenhouse gas emissions aligns with environmental goals. The LNG supply chain, reliant on cryogenic equipment, continuously evolves to meet growing energy demands and regulatory standards. As nations seek to reduce carbon footprints and embrace cleaner energy alternatives, the LNG sector's expansion underscores the importance of cryogenic equipment. This segment not only contributes to energy accessibility but also aligns with global sustainability efforts, emphasizing its prominent role in the future of energy and the cryogenic equipment market.

Analysis by Application:

  • Storage
  • Transportation
  • Processing
  • Others

Storage leads the market with around 45.2% of market share in 2024. Cryogenic storage involves safely preserving and containing materials at ultra-low temperatures, typically below -150 degrees Celsius (-238 degrees Fahrenheit). This application is fundamental in various industries, such as healthcare, biotechnology, energy, and aerospace. In healthcare, cryogenic storage is vital for preserving biological specimens, including cells, tissues, and genetic material, ensuring their viability for research, diagnostics, and medical treatments. Biotechnology companies rely on it to maintain valuable samples and compounds, supporting drug development and bioprocessing.

Furthermore, the energy sector utilizes cryogenic storage for liquefied natural gas (LNG), enabling efficient transportation and storage of clean energy. The aerospace industry depends on it for safely handling propellants like liquid oxygen and liquid hydrogen, which are essential for space exploration. As the demand for cryogenic storage solutions grows across these diverse industries, the cryogenic equipment market witnesses consistent expansion. Advancements in cryogenic storage technologies and the need for secure and environmentally friendly storage solutions further drive this segment's importance, underlining its crucial role in various sectors and the overall market.

Analysis by End Use Industry:

  • Oil and Gas
  • Energy and Power
  • Food and Beverages
  • Healthcare
  • Marine and Aerospace
  • Chemicals
  • Others

Energy and power leads the market with around 26.9% of market share in 2024. The energy and power sector is the largest end-use industry in the Cryogenic Equipment Market because of its critical need for efficient storage and transportation of liquefied gases. Cryogenic equipment is crucial for the production of liquefied natural gas (LNG) where it helps cool and store gas at ultra-low temperatures for easy transport and distribution. Growing global demand for LNG as an alternative source of energy further pushes the need for cryogenic solutions. Moreover, with the advancement in cryogenic technology, the generation of power especially through carbon capture and storage processes has become one of the biggest contributors to the industry's growth.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

In 2024, Asia Pacific accounted for the largest market share of over 37.8%. Rapid industrialization and urbanization creating a positive cryogenic equipment market outlook across the region. Robust growth in sectors like manufacturing, chemicals, and healthcare necessitates using cryogenic technology for processes, storage, and transportation. Furthermore, the growing population and increasing disposable income levels in countries like China and India propel the healthcare and pharmaceutical sectors. Cryogenic equipment is integral in these sectors for storing and preserving medical samples, vaccines, and biological materials.

Moreover, the region is witnessing substantial advancements in space exploration and research, creating a need for cryogenic equipment in aerospace applications. Besides, as countries in the region prioritize sustainable and eco-friendly energy solutions, the use of cryogenic equipment for liquefied natural gas (LNG) production and storage is expanding. Additionally, the region's strong manufacturing base and growing technological capabilities contribute to the production and innovation of cryogenic equipment.

Key Regional Takeaways:

North America Cryogenic Equipment Market Analysis

The North American cryogenic equipment market is experiencing robust growth driven by rising demand for LNG exports and infrastructure expansion. The United States, a global leader in LNG exports benefits from competitive pricing and favorable geographic positioning fostering increased trade with key markets like Asia and Europe. The Canadian market is also contributing with investments in LNG export terminals and cryogenic technologies for hydrogen energy and carbon capture projects. Advancements in healthcare applications such as cryopreservation and cryosurgery and the growing use of industrial gases in food processing and manufacturing further fuel demand for cryogenic solutions. Government support for clean energy initiatives including hydrogen and LNG infrastructure enhances market growth. Key players in the region are leveraging these trends to strengthen their market presence and address the growing need for efficient, and high-quality cryogenic equipment.

United States Cryogenic Equipment Market Analysis

In 2024, the United States captured 86.70% of revenue in the North American market. The U.S. cryogenic equipment market is highly growing due to the growth in LNG exports from the country and its infrastructural development. According to industrial reports, in 2023, the United States overtook the UAE as India's second-largest LNG supplier, with exports reaching 3.09 million tonnes (MT) compared to 2.16 MT in 2022. LNG exports are driven by the competitive pricing of U.S. LNG due to weakening international LNG prices and favorable geographic positioning through the Cape of Good Hope, making it more competitive for markets like India. Increased LNG demand is mostly on the rise in Asia. As a result, liquefaction, transportation, and regasification processes for natural gas require higher quality cryogenic equipment. Therefore, the U.S. cryogenic equipment market benefits from this increase in the volume of trade in LNG due to further investment by the country in LNG infrastructure and expansion capacity. As the United States cements its position in international LNG exports, cryogenic equipment has an essential role to play in safeguarding and efficiently transporting LNG for a successful energy transition for the United States and in strengthening its foothold on global energy markets.

Europe Cryogenic Equipment Market Analysis

The cryogenic equipment market in Europe is bound to experience growth with growing demand from sectors like energy, healthcare, and food preservation. The European Green Deal, proposed by the European Commission, plans to mobilize USD 1.07 Trillion in sustainable investments in the next ten years directly supporting energy infrastructure, such as LNG terminals and cryogenic storage solutions. The Connecting Europe Facility (CEF) Energy program will provide around USD 5.72 Billion between 2021 and 2027 for projects to interconnect the EU's energy networks, thereby improving security of supply. Among key players are Germany, UK, and France; by 2025, Germany will spend USD 2.68 billion upgrading LNG terminals that will positively affect demand for cryogenic storage and transportation solutions. The healthcare sector's dependence on cryogenic technologies for biobanking and cryosurgery, combined with population growth and sustainability goals, are also fueling the demand for cryogenic solutions in Europe. The leading companies, Air Liquide and Messer Group, are capitalizing on these trends and thus strengthening their position in the market.

Latin America Cryogenic Equipment Market Analysis

In Latin America, there is a growth of the cryogenic equipment market caused by the growing demand for LNG and infrastructure investments. LNG imports in the region increased by almost 6% from August 2023, driven in part by rising demand from Brazil and Colombia, an industrial report indicated. Also, as of January 2023, the overall LNG volume imported to Latin America and the Caribbean was at 0.46 metric tons, according to an industrial report. Such an uptrend in imports also demonstrates the increasing demand for cryogenic storage and transportation solutions that are necessary for the supply of LNG. Brazil is one of the largest economies in this region and is currently investing in LNG infrastructure. Some of the new import terminals and regasification projects that are being developed. The increasing demand for cleaner energy sources and expanding use of natural gas in power generation and industrial applications is driving the demand for advanced cryogenic technologies. Yara International and Linde are among companies which play a key role in fulfilling the growing cryogenic needs in the region. The Latin American region is also benefited by energy security enhancement initiatives by their governments, which contribute significantly to the growth of this cryogenic equipment market within the region.

Middle East and Africa Cryogenic Equipment Market Analysis

In the Middle East, demand for cryogenic equipment is on the rise, especially in the UAE, due to the expansion of oil, gas, and LNG infrastructure by ADNOC. The company is actively engaged in offshore natural gas exploration with discoveries like the one in February 2022 off Abu Dhabi, International Trade Administration stated. The UAE will be self-sufficient in its gas supply by 2030, a move that will raise the demand for cryogenic storage and transport equipment for LNG, among other things. This is further heightened by ADNOC's new LNG plant in Fujairah, which it expects to double its export capacity to 9.6 million tons annually. Ongoing investments in the UAE include expansion downstream activities of USD 45 Billion and investment in Ruwais Derivatives Park at a value of USD 5 Billion, providing further significant opportunities for suppliers of cryogenic equipment. This investment also increases potential for sectors like industrial gas production and LNG processing. Efforts by ADNOC towards decarbonization and renewable energy investment, clean hydrogen, and carbon capture technology reflect a growth trend toward advanced cryogenic infrastructure within the region. As industrial projects like the first hydrogen electrolyzer plant are set up in the UAE, the Middle East will rely much on cryogenic technologies as the energy transition takes place. Combined with higher LNG production and export capacity, the UAE is taking the lead in the market for cryogenic equipment in the Middle East, providing significant opportunities for international suppliers.

Competitive Landscape:

Top companies are strengthening market growth through a combination of strategic initiatives. They are heavily investing in research and development, continually innovating and improving the efficiency and performance of cryogenic equipment. This not only caters to the growing demands of various industries but also promotes the adoption of these advanced solutions. Additionally, these companies are expanding their global presence by establishing partnerships, distribution networks, and manufacturing facilities in key regions, ensuring a wider reach and accessibility for their products. Furthermore, they prioritize sustainability by developing eco-friendly and energy-efficient cryogenic systems, aligning with global environmental regulations and the demand for greener technologies. Moreover, top players actively engage in mergers and acquisitions to broaden their product portfolios and gain access to complementary technologies, strengthening their market position. They also provide comprehensive customer support and after-sales services, enhancing customer satisfaction and loyalty. They leverage digitalization and Industry 4.0 technologies like IoT and data analytics to offer predictive maintenance and remote monitoring solutions, improving equipment reliability and minimizing downtime.

The report provides a comprehensive analysis of the competitive landscape in the cryogenic equipment market with detailed profiles of all major companies, including:

  • Air Liquide S.A.
  • Air Products and Chemicals Inc.
  • Chart Industries Inc.
  • Cryofab Inc.
  • Cryoquip LLC (Nikkiso Co. Ltd.)
  • Emerson Electric Co.
  • Flowserve Corporation
  • Herose GmbH
  • INOX India Pvt. Ltd
  • Linde Plc
  • Parker-Hannifin Corporation
  • Wessington Cryogenics

Key Questions Answered in This Report

  • 1.How big is the cryogenic equipment market?
  • 2.What is the future outlook of cryogenic equipment market?
  • 3.What are the key factors driving the cryogenic equipment market?
  • 4.Which region accounts for the largest cryogenic equipment market share?
  • 5.Which are the leading companies in the global cryogenic equipment market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Cryogenic Equipment Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Equipment

  • 6.1 Tanks
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Pumps
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Heat Exchanger
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Valves
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Others
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Cryogen

  • 7.1 Nitrogen
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Liquified Natural Gas
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Helium
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Storage
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Transportation
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Processing
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Others
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by End Use Industry

  • 9.1 Oil and Gas
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Energy and Power
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Food and Beverages
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Healthcare
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Marine and Aerospace
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Chemicals
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Air Liquide S.A.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Air Products and Chemicals Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Chart Industries Inc.
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
    • 15.3.4 Cryofab Inc.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 Cryoquip LLC (Nikkiso Co. Ltd.)
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Emerson Electric Co.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Flowserve Corporation
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Herose GmbH
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
    • 15.3.9 INOX India Pvt. Ltd.
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Linde Plc
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
    • 15.3.11 Parker-Hannifin Corporation
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 Financials
      • 15.3.11.4 SWOT Analysis
    • 15.3.12 Wessington Cryogenics
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials

List of Figures

  • Figure 1: Global: Cryogenic Equipment Market: Major Drivers and Challenges
  • Figure 2: Global: Cryogenic Equipment Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Cryogenic Equipment Market: Breakup by Equipment (in %), 2024
  • Figure 4: Global: Cryogenic Equipment Market: Breakup by Cryogen (in %), 2024
  • Figure 5: Global: Cryogenic Equipment Market: Breakup by Application (in %), 2024
  • Figure 6: Global: Cryogenic Equipment Market: Breakup by End Use Industry (in %), 2024
  • Figure 7: Global: Cryogenic Equipment Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Cryogenic Equipment Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 9: Global: Cryogenic Equipment (Tanks) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 10: Global: Cryogenic Equipment (Tanks) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 11: Global: Cryogenic Equipment (Pumps) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 12: Global: Cryogenic Equipment (Pumps) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 13: Global: Cryogenic Equipment (Heat Exchanger) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 14: Global: Cryogenic Equipment (Heat Exchanger) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 15: Global: Cryogenic Equipment (Valves) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 16: Global: Cryogenic Equipment (Valves) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 17: Global: Cryogenic Equipment (Other Equipments) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 18: Global: Cryogenic Equipment (Other Equipments) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 19: Global: Cryogenic Equipment (Nitrogen) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 20: Global: Cryogenic Equipment (Nitrogen) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 21: Global: Cryogenic Equipment (Liquified Natural Gas) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 22: Global: Cryogenic Equipment (Liquified Natural Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 23: Global: Cryogenic Equipment (Helium) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 24: Global: Cryogenic Equipment (Helium) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 25: Global: Cryogenic Equipment (Other Cryogens) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 26: Global: Cryogenic Equipment (Other Cryogens) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 27: Global: Cryogenic Equipment (Storage) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 28: Global: Cryogenic Equipment (Storage) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 29: Global: Cryogenic Equipment (Transportation) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 30: Global: Cryogenic Equipment (Transportation) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 31: Global: Cryogenic Equipment (Processing) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 32: Global: Cryogenic Equipment (Processing) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 33: Global: Cryogenic Equipment (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 34: Global: Cryogenic Equipment (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 35: Global: Cryogenic Equipment (Oil and Gas) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 36: Global: Cryogenic Equipment (Oil and Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 37: Global: Cryogenic Equipment (Energy and Power) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 38: Global: Cryogenic Equipment (Energy and Power) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 39: Global: Cryogenic Equipment (Food and Beverages) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 40: Global: Cryogenic Equipment (Food and Beverages) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 41: Global: Cryogenic Equipment (Healthcare) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 42: Global: Cryogenic Equipment (Healthcare) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 43: Global: Cryogenic Equipment (Marine and Aerospace) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 44: Global: Cryogenic Equipment (Marine and Aerospace) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 45: Global: Cryogenic Equipment (Chemicals) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 46: Global: Cryogenic Equipment (Chemicals) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 47: Global: Cryogenic Equipment (Other End Use Industries) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 48: Global: Cryogenic Equipment (Other End Use Industries) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 49: North America: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 50: North America: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 51: United States: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 52: United States: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 53: Canada: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 54: Canada: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 55: Asia Pacific: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 56: Asia Pacific: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 57: China: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 58: China: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 59: Japan: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 60: Japan: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 61: India: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 62: India: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 63: South Korea: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 64: South Korea: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 65: Australia: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 66: Australia: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 67: Indonesia: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 68: Indonesia: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 69: Others: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 70: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 71: Europe: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 72: Europe: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 73: Germany: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 74: Germany: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 75: France: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 76: France: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 77: United Kingdom: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 78: United Kingdom: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 79: Italy: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 80: Italy: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 81: Spain: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 82: Spain: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 83: Russia: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 84: Russia: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 85: Others: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 86: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 87: Latin America: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 88: Latin America: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 89: Brazil: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 90: Brazil: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 91: Mexico: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 92: Mexico: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 93: Others: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 94: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 95: Middle East and Africa: Cryogenic Equipment Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 96: Middle East and Africa: Cryogenic Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 97: Global: Cryogenic Equipment Industry: SWOT Analysis
  • Figure 98: Global: Cryogenic Equipment Industry: Value Chain Analysis
  • Figure 99: Global: Cryogenic Equipment Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Cryogenic Equipment Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Cryogenic Equipment Market Forecast: Breakup by Equipment (in Million USD), 2025-2033
  • Table 3: Global: Cryogenic Equipment Market Forecast: Breakup by Cryogen (in Million USD), 2025-2033
  • Table 4: Global: Cryogenic Equipment Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 5: Global: Cryogenic Equipment Market Forecast: Breakup by End Use Industry (in Million USD), 2025-2033
  • Table 6: Global: Cryogenic Equipment Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 7: Global: Cryogenic Equipment Market Structure
  • Table 8: Global: Cryogenic Equipment Market: Key Players