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Global Cryogenic Pump Market Size & Outlook, 2023-2030

The cryogenic pump industry worldwide is expected to reach a projected revenue of US$ 3,551.1 million by 2030. A compound annual growth rate of 5.1% is expected of the worldwide cryogenic pump industry from 2024 to 2030.

Revenue, 2023 (US$M)
$2,512.1
Forecast, 2030 (US$M)
$3,551.1
CAGR, 2024 - 2030
5.1%
Report Coverage
Worldwide

Global cryogenic pump market, 2018-2030 (US$M)

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Related Markets

North America Cryogenic Pump Market Outlook

Europe Cryogenic Pump Market Outlook

Asia Pacific Cryogenic Pump Market Outlook

Latin America Cryogenic Pump Market Outlook

MEA Cryogenic Pump Market Outlook

Global cryogenic pump market highlights

  • The global cryogenic pump market generated a revenue of USD 2,512.1 million in 2023 and is expected to reach USD 3,551.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
  • In terms of segment, centrifugal pump accounted for a revenue of USD 2,512.1 million in 2023.
  • Centrifugal Pump is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.


Global data book summary

Market revenue in 2023USD 2,512.1 million
Market revenue in 2030USD 3,551.1 million
Growth rate5.1% (CAGR from 2023 to 2030)
Largest segmentCentrifugal pump
Fastest growing segmentCentrifugal Pump
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCentrifugal Pump


Other key industry trends

  • In terms of revenue, the North America accounted for 24.7% of the global cryogenic pump market in 2023.

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Cryogenic Pump Market Scope

Cryogenic pump market segmentation & scope
Type
Centrifugal Pump
Positive Displacement Pump
Cryogen Type
LNG
Nitrogen
Oxygen
Argon
Helium
Others
End Use
Oil & Gas
Metallurgy
Power Generation
Chemical & Petrochemical
Electronics
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
Argentina
Brazil
Denmark
France
Italy
Netherlands
Sweden
UK
Norway
Spain
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea

Cryogenic Pump Market Companies

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Global cryogenic pump market size, by regions, 2018-2030 (US$M)

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