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North America Cryogenic Pump Market Size & Outlook

The cryogenic pump market in North America is expected to reach a projected revenue of US$ 816.8 million by 2030. A compound annual growth rate of 4% is expected of North America cryogenic pump market from 2024 to 2030.

Revenue, 2023 (US$M)
$621.6
Forecast, 2030 (US$M)
$816.8
CAGR, 2024 - 2030
4%
Report Coverage
North America

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

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MEA Cryogenic Pump Market Outlook

North America cryogenic pump market highlights

  • The North America cryogenic pump market generated a revenue of USD 621.6 million in 2023.
  • The market is expected to grow at a CAGR of 4% from 2024 to 2030.
  • In terms of segment, centrifugal pump was the largest revenue generating type in 2023.
  • Centrifugal Pump is the most lucrative type segment registering the fastest growth during the forecast period.


North America data book summary

Market revenue in 2023USD 621.6 million
Market revenue in 2030USD 816.8 million
Growth rate4% (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
Key market players worldwideNikkiso Co Ltd, Ebara Corp, Flowserve Corp, Fives Group, Cryostar, Vanzetti Engineering, Cryomech, Sumitomo Heavy Industries Ltd, Ruhrpumpen, PBS GROUP


Other key industry trends

  • In terms of revenue, North America region accounted for 24.7% of the global cryogenic pump market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,333.4 million by 2030.

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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

Name Profile # Employees HQ Website

North America cryogenic pump market

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