The Cryogenic Equipment Market 2025 is set to witness immense growth during the forecast period 2025-2032. This intelligence report offers an in-depth analysis of the Cryogenic Equipment Market size, share, growth, opportunity, competitive landscape, manufacturers/players/vendors analysis, segments & sub-segments, and forecast. The report also focuses on market drivers, challenges (current and future), revenue growth, future roadmap, standardization, deployment models, and forecast analysis.
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Cryogenic Equipment Market Outlook 2034:
The global cryogenic equipment market size was USD 22.32 billion in 2023 and is expected to grow from USD 24.45 billion in 2024 to USD 42.23 billion by 2032 at a CAGR of 7.07% over the forecast period (2024-2032). The cryogenic equipment market in the U.S. is projected to grow significantly, reaching an estimated value of USD 6.64 billion by 2032, driven by the growth in LNG industry and rising demand from healthcare sector.The Asia Pacific dominated the cryogenic equipment market with a share of 36.74% in 2023.
Companies Profiled in the Cryogenic Equipment Market Report Include:
Linde plc (Ireland)
Chart Industries (US)
Parker Hannifin (US)
Flowserve Corporation (US)
Emerson (US)
Air Products (US)
INOXCVA (India)
Taylor Wharton (Japan)
Cryofab (US)
Wessington (UK)
ACME (US)
and Herose GmbH (Germany)
Cryostar (France)
The Cryogenic Equipment Market Report Covers Extensive Competitive Intelligence Which Includes the Following Data Points:
- Business Overview
- Business Model
- Financial Data
- Financial – Existing
- Financial – Funding
- Product/Service Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
Segmentation by Application and Segmentation by Type in the Cryogenic Equipment Market:
By Product
Tank
Valve
Vaporizer
Pump
Actuator
Bayonet Connection
Others
By Cryogen Type
Nitrogen
Oxygen
Argon
Liquefied Natural Gas (LNG)
Hydrogen
Helium
Others
By End-User
Oil & Gas
Metallurgy
Power Generation
Chemical & Petrochemical
Marine
Others
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Global Cryogenic Equipment Market Snapshot:
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Forecast Period | 2025-2032 |
| Estimated Market Value (USD) in 2024 | USD 24.45 billion |
| Forecasted Market Value (USD) by 2032 | USD 42.23 billion |
| Compound Annual Growth Rate | 7% |
| Scope in the Cryogenic Equipment Market | The global cryogenic equipment market size was USD 22.32 billion in 2023 and is expected to grow from USD 24.45 billion in 2024 to USD 42.23 billion by 2032 at a CAGR of 7.07% over the forecast period (2024-2032). The cryogenic equipment market in the U.S. is projected to grow significantly, reaching an estimated value of USD 6.64 billion by 2032, driven by the growth in LNG industry and rising demand from healthcare sector.The Asia Pacific dominated the cryogenic equipment market with a share of 36.74% in 2023. |
Table of Contents
- Methodology and Scope
- Executive Summary
- Cryogenic Equipment Market Variables, Trends, & Scope
- COVID-19 Impact Analysis
- Cryogenic Equipment Market: Product Estimates & Trend Analysis
- Cryogenic Equipment Market: Application Estimates & Trend Analysis
- Cryogenic Equipment Market: Regional Estimates & Trend Analysis
- Cryogenic Equipment Market: Competitive Analysis
- Company Profiles
Frequently Asked Questions (FAQ) About the Cryogenic Equipment Market
- How big was the Cryogenic Equipment Market in 2025?
- How is the Cryogenic Equipment Market business expected to grow by 2032?
- What are the key factors driving the demand for the Cryogenic Equipment Market?
- Which type segment of the Cryogenic Equipment Market accounted for the largest share in 2025?
- How big was North America in the global Cryogenic Equipment Market in 2025?
- Who are the key Cryogenic Equipment Market manufacturers?
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Reasons to Purchase Cryogenic Equipment Market Report:
- Both current and prospects for the Cryogenic Equipment Market in developed and emerging markets.
- Analysis of various Cryogenic Equipment Market perspectives with the help of Porter’s five forces analysis.
- During the forecast period, major regions are expected to increase rapidly in the Cryogenic Equipment Market.
- Identify the most recent advancements, Cryogenic Equipment Market shares, and top market players’ strategies.
Research Methodology
To estimate and validate the size of the Cryogenic Equipment Market and many other dependent submarkets in the overall market, both top-down and bottom-up methodologies are utilized. Key players in the Cryogenic Equipment Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. Secondary sources and verified primary sources were used to determine all percentage share splits and breakdowns.
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