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極低温装置の市場規模、シェア、動向、予測：装置、極低温ガス、用途、最終用途産業、地域別、2025～2033年

Cryogenic Equipment Market Size, Share, Trends and Forecast by Equipment, Cryogen, Application, End Use Industry, and Region, 2025-2033

出版日
発行
IMARC
ページ情報
英文 124 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=149.25円
極低温装置の市場規模、シェア、動向、予測：装置、極低温ガス、用途、最終用途産業、地域別、2025～2033年
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 124 Pages
納期: 2～3営業日
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  • 概要
  • 図表
  • 目次
概要

極低温装置の世界市場規模は2024年に227億3,000万米ドルとなりました。今後、IMARC Groupは、2033年には344億米ドルに達し、2025～2033年にかけて4.23%のCAGRを示すと予測しています。現在、アジア太平洋が市場を独占しており、2024年には37.8％を超える大きな市場シェアを占めています。先端技術の普及、ヘルスケア産業における複数の用途での製品需要の高まり、様々な食品加工用途での製品取り込みの拡大、再生可能エネルギー源の取り込みの拡大などが、市場を推進している要因の一部です。

極低温装置市場の成長は、主にクリーンなエネルギー源としての液化天然ガス（LNG）の需要拡大と、冶金、食品加工、エレクトロニクスなどのセグメントにおける産業用ガスのニーズの高まりによってもたらされます。IEAが発表した報告書によると、世界中のガス需要は2024年には4,200bcmに達し、前年比2.5％以上の伸びを記録するといいます。しかし、2024年第1四半期から第3四半期にかけてのLNG供給量は、地政学的対立やプロジェクトの遅れが成長に影響し、わずか2％増にとどまりました。凍結療法や凍結保存を含むヘルスケア用途の拡大は、極低温システムの需要を大幅に押し上げます。再生可能エネルギーと水素ベース技術への世界のシフトは、これらのセグメントが貯蔵と輸送のための先進的極低温ソリューションを必要とするため、市場成長をさらに促進します。継続的な技術革新、宇宙探査への投資の増加、クリーンエネルギーの採用を促進する厳しい環境規制は、市場を前進させる主要因です。

米国の極低温装置市場は、同国の堅調な天然ガス生産に支えられた、よりクリーンなエネルギー源としての液化天然ガス（LNG）需要の高まりによって牽引されています。例えば、2025年1月、テキサス州のフリーポートLNGは、操業開始以来800個目の液化天然ガス貨物の出荷という画期的な出来事を発表しました。注目すべき顧客であるJERAはさらに、拡大するLNG施設への投資とインフラ支援の強化を発表しました。低温療法、冷凍保存、医療用ガス貯蔵を含むヘルスケア用途の成長が重要な役割を果たしています。脱炭素化の推進による水素ベースエネルギーシステムの拡大は、需要をさらに加速させています。航空宇宙・防衛セグメントは、推進力と材料検査に極低温技術を活用しています。食品保存、金属加工、電子機器製造における産業用ガス使用の増加も、効率性と安全性のための極低温技術の進歩とともに市場成長に寄与しています。

極低温装置市場動向

急速な工業化

世界の急速な工業化は、市場に数多くの機会を提供しています。産業が拡大し多様化するにつれ、極低温装置の需要もそれに伴って増加しています。化学セグメントでは、極低温装置はガスの液化に使用され、2023年の世界のLNG生産量は4億100万トンに達し（産業レポートによる）、需要を牽引しています。これらの産業では、さまざまな用途で極めて低温のソリューションが必要とされることが多いです。例えば化学・石油化学セグメントでは、この装置はガスの分離と液化に不可欠であり、工業ガス、化学品、LNGの生産を助け、これが極低温装置市場の需要を促進しています。さらに、拡大する製薬産業では、細胞培養やワクチンなどの生物学的材料の凍結保存に利用し、安定性と有効性を確保しています。さらに、食品加工産業は、製品の品質を維持し、保存期間を延長し、厳しい安全基準を満たすために極低温冷凍・冷却システムを利用しています。新興国では急速な工業化が進んでおり、これらの新興市場では極低温装置に対するニーズが高まっており、市場の成長をさらに後押ししています。

研究開発における製品需要の増加

研究開発（R&D）活動における製品需要の増加は、極低温装置市場の主要動向の一つです。例えば、量子コンピュータの進歩には超伝導体を1ケルビン以下の温度に冷却する必要があり、極低温システムは極端な温度での化学反応の研究を可能にし、材料科学や医薬品に影響を与えます。極低温装置は、物理学、化学、生物学など、実験や分析に超低温が要求されるさまざまな科学セグメントに不可欠です。物理学では超伝導材料を冷却し、量子コンピューターやエネルギー伝送の飛躍的進歩を可能にします。化学セグメントでは、極低温での化学反応の研究を助け、新材料や医薬品の開発に貢献しています。さらに、バイオテクノロジーやライフサイエンスでは、生物学的サンプルの保存、遺伝子研究の促進、再生医療用の細胞や組織の保存など、極めて重要な役割を果たしています。製薬、エレクトロニクス、材料科学など、各産業で研究開発の取り組みが強化されるにつれ、精密で信頼性の高い極低温装置への需要が高まっています。この装置は、研究者が新たなフロンティアを開拓し、革新的な発見をするための力となり、市場拡大の原動力となっています。さらに、極低温技術の進歩は、その汎用性と効率を高め続けており、世界中の科学者や研究者にとって不可欠なツールとなっています。

再生可能エネルギー源の貯蔵と輸送のための製品利用の増加

再生可能エネルギー源を貯蔵・輸送するための製品利用が増加していることが、市場の成長を促進しています。極低温システム、特に液体水素と液体酸素の貯蔵は、再生可能エネルギーの新興セグメントにおいて極めて重要です。これらのシステムは、風力発電や太陽光発電のような再生可能エネルギー発電から生成された余剰エネルギーを貯蔵する上で極めて重要な役割を果たしており、エネルギー生産が低い時や需要が高い時に使用することができます。再生可能エネルギー市場が成長するにつれ、世界の風力発電と太陽光発電の容量は2027年までに2,400GWに達すると予想されており（産業レポートによる）、極低温装置の需要は増加しています。さらに、極低温エネルギー貯蔵は、グリッドの安定性のために拡大可能でエコフレンドリーソリューションを提供し、再生可能エネルギー源の断続性のバランスを取り、安定した電力供給を確保するのに役立ちます。クリーンなエネルギー源への移行は、エネルギー貯蔵と輸送のための液化天然ガス（LNG）を含む極低温インフラへの投資の増加を促しています。世界がサステイナブルエネルギーソリューションへとシフトする中、極低温装置に対する需要は高まり続け、極低温装置市場に大きな成長機会をもたらすと考えられます。極低温装置は、二酸化炭素排出量を削減し、よりエコフレンドリーエネルギーソリューションに移行するための世界の取り組みと一致しており、再生可能エネルギーの展望において重要な要素となっています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

第5章 世界の極低温装置市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：装置別

  • タンク
  • ポンプ
  • 熱交換器
  • バルブ
  • その他

第7章 市場内訳：極低温ガス別

  • 窒素
  • 液化天然ガス
  • ヘリウム
  • その他

第8章 市場内訳：用途別

  • 保管
  • 輸送
  • 処理
  • その他

第9章 市場内訳：最終用途産業別

  • 石油・ガス
  • エネルギーと電力
  • 飲食品
  • ヘルスケア
  • 海洋と航空宇宙
  • 化学品
  • その他

第10章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ

第11章 SWOT分析

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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
図表

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
目次
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