Global Cryogenic Equipment Market Size & Outlook, 2026-2033
Global cryogenic equipment market, 2021-2033 (US$M)
Related Markets
Global cryogenic equipment market highlights
- The global cryogenic equipment market generated a revenue of USD 26,573.8 million in 2025 and is expected to reach USD 45,390.9 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 7% by 2033.
- In terms of segment, tank accounted for a revenue of USD 9,267.2 million in 2025.
- Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 26,573.8 million |
| Market revenue in 2033 | USD 45,390.9 million |
| Growth rate | 7% (CAGR from 2026 to 2033) |
| Largest segment | Tank |
| Fastest growing segment | Pumps |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tank, Valve, Pumps, Vaporizers, Vacuum Jacketed Piping (VJP) |
Other key industry trends
- In terms of revenue, the North America accounted for 19.3% of the global cryogenic equipment market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 2,526.5 million by 2033.
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Cryogenic Equipment Market Scope
Cryogenic Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cryo Pur | View profile | 11-50 | Palaiseau, Ile-de-France, France, Europe | http://www.cryopur.com/ |
| Cryolor | View profile | 251-500 | Ennery, Picardie, France, Europe | https://www.cryolor.com |
| Premier Cryogenics | View profile | 11-50 | Guwahati, Assam, India, Asia | http://premiercryogenics.com |
| INOX India Pvt Ltd | View profile | 251-500 | Vadodara, Gujarat, India, Asia | http://www.inoxindia.com |
| Wessington Cryogenics | View profile | 101-250 | Houghton Le Spring, Durham, United Kingdom, Europe | https://wessingtoncryogenics.com/ |
| Herose UK | View profile | 11-50 | Armthorpe, Doncaster, United Kingdom, Europe | https://www.herose.co.uk |
| ULVAC Inc | View profile | 6264 | 2500 Hagisono, Kanagawa, Chigasaki, Japan, 253-8543 | http://www.ulvac.co.jp |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Standex International Corp | View profile | 3800 | 23 Keewaydin Drive, Salem, NH, United States, 03079 | https://www.standex.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Nikkiso Co Ltd | View profile | 8529 | 4-20-3, Ebisu, Shibuya-ku, Tokyo, Japan, 150-6022 | http://www.nikkiso.co.jp |
| Chart Industries Inc | View profile | 11637 | 2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, United States, 30107 | https://www.chartindustries.com |
Global cryogenic equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryogenic equipment market will help companies and investors design strategic landscapes.
Tank was the largest segment with a revenue share of 34.87% in 2025. Horizon Databook has segmented the Global cryogenic equipment market based on tank, valve, pumps, vaporizers, vacuum jacketed piping (vjp) covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Cryogenic Equipment Product Outlook (Revenue, USD Million, 2021-2033)
- Tank
- Valve
- Pumps
- Vaporizers
- Vacuum Jacketed Piping (VJP)
- Others
- Global Cryogenic Equipment Cryogen Outlook (Revenue, USD Million, 2021-2033)
- Nitrogen
- Oxygen
- Argon
- Liquified Natural Gas
- Hydrogen
- Others
- Global Cryogenic Equipment Application Outlook (Revenue, USD Million, 2021-2033)
- Distribution
- Storage
- Global Cryogenic Equipment End Use Outlook (Revenue, USD Million, 2021-2033)
- Oil & Gas
- Metallurgy
- Automotive
- Food & Beverage
- Chemical
- Other
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Target buyers of Global cryogenic equipment market databook
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Our clientele includes a mix of cryogenic equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cryogenic equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global cryogenic equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global cryogenic equipment market size, by regions, 2021-2033 (US$M)
Top 10 countries: Cryogenic equipment market size, 2024 (US$M)
Global cryogenic equipment market share, by end use, 2024 & 2030 (%, US$M)
Cryogenic equipment market: Opportunity assessment by country
Global cryogenic equipment market, by region, 2025 (US$M)
Related statistics
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