Cryogenic Pump Market: Dimensions, Growth Forecast, and Trend Analysis from 2025 to 2035
Overview:
The global cryogenic pump market is poised for substantial expansion, with projections indicating robust growth in the coming years. The market is anticipated to reach a value of USD 1,234.7 million in 2025, driven by increasing demand across various sectors. With a compound annual growth rate (CAGR) of 12.7% from 2025 to 2035, the market is expected to attain a valuation of USD 4,034.8 million by 2035. This growth is largely attributed to the escalating need for cryogenic pumps in diverse applications, including energy, healthcare, transportation, chemical processing, and electronics.
Technological advancements in pump design and materials are pivotal in shaping the market landscape. Innovations aimed at enhancing efficiency, reliability, and safety are key drivers of adoption. The ability of cryogenic pumps to handle extremely low-temperature fluids with precision is essential in numerous critical applications, further fueling market expansion.
Regional demand is particularly strong in North America, Europe, and Asia Pacific, with countries such as the United States, China, and Germany leading the way. Key industry players, including ACD Cryo AG, Cryostar SAS, and Sumitomo Heavy Industries Ltd., are at the forefront of competitive dynamics, continually innovating and expanding their market presence.
The market’s future trajectory is also influenced by increasing investments in research and development, as well as stringent regulatory standards promoting energy efficiency and environmental sustainability. These factors collectively contribute to the promising outlook for the global cryogenic pump market.
Furthermore, the growing demand for liquefied natural gas (LNG) as a cleaner energy source is significantly impacting the cryogenic pump market. Cryogenic pumps are essential for handling LNG in transportation, storage, and distribution, thereby driving demand in the energy sector.
The healthcare industry also contributes substantially to market growth, with cryogenic pumps playing a vital role in medical applications such as MRI machines, cryosurgery, and the preservation of biological samples. The increasing adoption of these technologies is expected to further boost the demand for cryogenic pumps.
Year On Year Growth Chart
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| Report Attribute | Details |
|---|---|
| Market Size in 2025 | USD 1,234.1 million |
| Revenue Forecast for 2035 | USD 4,034.2 million |
| Growth Rate (CAGR) | 12.7% from 2025 to 2035 |
| Base Year for Estimation | 2024 |
| Historical Data | 2020 – 2024 |
| Forecast Period | 2025 – 2035 |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2025 to 2035 |
| Report Coverage | Revenue forecast, company market share, competitive landscape, growth factors, and trends |
| Covered Segments | Type, application gas, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country Scope | U.S., Canada, Mexico, U.K., Germany, Italy, Poland, China, India, Japan, Australia, South Korea, Brazil, UAE, KSA, South Africa |
| Key Companies Analyzed | ACD Cryo AG; Cryostar SAS; Sumitomo Heavy Industries Ltd.; Flowserve Corporation; Brooks Automation Inc.; Ebara Corporation; Nikkiso Cryo Ltd.; PHPK Technologies Inc.; Fives S.A; Cryoquip Australia |
| Customization Options | Free report customization (up to 8 analysts working days) with purchase. Changes to country, regional, and segment scope |
| Pricing and Purchase Options | Customizable purchase options for tailored research needs |
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Key Companies Market Share
Report Coverage & Deliverables
- Market Trends And Dynamics
- Competitve Benchmarking
- Historical data and forecasts
- Value/Volume analysis
- Company revenue shares and key strategies
- Regional opportunities
This is an indicative segmentation. Please request a sample report to see detail segmentation of this market.
Detailed Market Segmentation
- By Pump Functionality
- Transfer Pumps
- Vacuum Pumps
- Submerged Motor Pumps
- By Type
- Centrifugal Pumps
- Positive Displacement Pumps
- By Application Gas
- Nitrogen
- Oxygen
- LNG
- Argon
- Helium
- By End Use Industry
- Energy
- Healthcare
- Transportation
- Chemical
- Electronics
- By Region
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy, Poland)
- Asia-Pacific (China, India, Japan, Australia, South Korea)
- Latin America (Brazil, Argentina)
- Middle East & Africa (UAE, Saudi Arabia, South Africa)
Table of Content
- Executive Summary
- Market Overview
- Key Market Trends
- Market Dynamics
- Value Chain Analysis
- Market – Pricing Analysis
- Market Demand Analysis 2025 to 2035
- Global Market Size and Forecast, 2025-2035, by Pump Functionality
- Transfer Pumps
- Vacuum Pumps
- Submerged Motor Pumps
- Global Market Size and Forecast, 2025-2035, by Type
- Centrifugal Pumps
- Positive Displacement Pumps
- Global Market Size and Forecast, 2025-2035, by Application Gas
- Nitrogen
- Oxygen
- LNG
- Argon
- Helium
- Global Market Size and Forecast, 2025-2035, by End Use Industry
- Energy
- Healthcare
- Transportation
- Chemical
- Electronics
- Global Market Size and Forecast, 2025-2035, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Market Analysis 2025 to 2035
- Europe Market Analysis 2025 to 2035
- Asia Pacific Market Analysis 2025 to 2035
- Latin America Market Analysis 2025 to 2035
- Middle East & Africa Market Analysis 2025 to 2035
- Competitive Landscape
- Key Company Profiles
- Market Structure Analysis
- Assumptions and Acronyms Used
- Research Methodology