30 September 2025, 06:35 PM
The cryogenic pump market is growing fast and is expected to cross USD 7.7 billion by 2031, up from around USD 3.5 billion in 2021, with a compound annual growth rate (CAGR) of 8.3 %.
What is a Cryogenic Pump?
A cryogenic pump is a device used to move gases or liquids that are extremely cold—below certain low temperatures (often below −150 °C). It works by capturing gas on surfaces cooled to very low temperatures. These pumps are valuable because they can handle gases like helium, hydrogen, nitrogen, argon, and others, and they do so in a pure, clean way, with high speed and reliability. These pumps are important in many applications where extremely low temperatures and high purity are required.
Key Drivers Fueling Market Growth
Several factors are pushing growth in the cryogenic pump market. The demand for liquefied natural gas (LNG) and other cryogenic gases in energy, industrial, and household sectors is rising. This increases the need for reliable pumps to handle these gases. Sectors like power generation, electrical & electronics, and metallurgy are using more cryogenic technology. As these industries grow, so does demand for cryogenic pumps. The use of medical gases such as oxygen, nitrogen, and hydrogen for research, hospitals, and biotechnology is growing. Cryogenic pumps play a role in transporting and injecting these gases in pure form. At the same time, as more attention goes to clean energy, technologies that rely on cryogenic processes may get more investment, aiding pump demand.
Challenges & Restraints
While the market outlook is strong, there are challenges. Since cryogenic pumps are used in industries like steel, which consume large amounts of industrial gases, a decline in steel output can reduce demand. Developing high-performance cryogenic pumps involves advanced materials, precision engineering, and R&D, which raises costs. As more players enter the field, companies must continuously improve efficiency, reliability, and lower costs to stay competitive.
Market Segments
The cryogenic pump market is analyzed across multiple ways. By gas type, the market covers argon, nitrogen, helium, hydrogen, and others. Among these, hydrogen pumps are especially important because they support applications like fuel cells, space, and clean energy systems. The advantages of hydrogen cryogenic pumps include high purity, reliability, and low energy consumption.
By industry vertical or application, the main areas are power generation, metallurgy, healthcare, electrical & electronics, and others. The healthcare sector shows strong growth potential because of its demand for gas delivery systems, medical equipment, and biotech research.
By region or geography, the key markets are Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to dominate in terms of growth. This is due to large investments in energy, infrastructure, and clean technology in countries like China and India. Europe also shows strong demand, especially as it shifts more toward liquefied natural gas (LNG) to reduce carbon emissions.
Major Players in the Market
Key companies operating in the cryogenic pump space include Sumitomo Heavy Industries Ltd., Ebara Corporation, Brooks Automation, Inc., Technex Limited, Flowserve Corporation, PHPK Technologies Inc., Linde Group, Global Tech India Pvt. Ltd., Fives S.A., and Nikkiso Co. Ltd., among others. These firms compete based on product performance, service contracts, R&D capabilities, and ability to expand in global markets.
Reference: https://www.fatposglobal.com/reports/cry...market-267
Trends & Future Outlook
The hydrogen economy and technologies like fuel cells and hydrogen energy may push stronger demand for cryogenic pumps in that niche. As renewable energy use grows, processes involving liquefaction, cold storage, and gas handling may become more common, benefiting this market. The Asia Pacific region is expected to remain a hot spot for growth, driven by industrial expansion and energy investment. Companies will likely emphasize R&D, efficiency improvements, cost reduction, and after-sales service to stay competitive. New applications, especially in healthcare and electronics, may open new niches for cryogenic pumping solutions.
What is a Cryogenic Pump?
A cryogenic pump is a device used to move gases or liquids that are extremely cold—below certain low temperatures (often below −150 °C). It works by capturing gas on surfaces cooled to very low temperatures. These pumps are valuable because they can handle gases like helium, hydrogen, nitrogen, argon, and others, and they do so in a pure, clean way, with high speed and reliability. These pumps are important in many applications where extremely low temperatures and high purity are required.
Key Drivers Fueling Market Growth
Several factors are pushing growth in the cryogenic pump market. The demand for liquefied natural gas (LNG) and other cryogenic gases in energy, industrial, and household sectors is rising. This increases the need for reliable pumps to handle these gases. Sectors like power generation, electrical & electronics, and metallurgy are using more cryogenic technology. As these industries grow, so does demand for cryogenic pumps. The use of medical gases such as oxygen, nitrogen, and hydrogen for research, hospitals, and biotechnology is growing. Cryogenic pumps play a role in transporting and injecting these gases in pure form. At the same time, as more attention goes to clean energy, technologies that rely on cryogenic processes may get more investment, aiding pump demand.
Challenges & Restraints
While the market outlook is strong, there are challenges. Since cryogenic pumps are used in industries like steel, which consume large amounts of industrial gases, a decline in steel output can reduce demand. Developing high-performance cryogenic pumps involves advanced materials, precision engineering, and R&D, which raises costs. As more players enter the field, companies must continuously improve efficiency, reliability, and lower costs to stay competitive.
Market Segments
The cryogenic pump market is analyzed across multiple ways. By gas type, the market covers argon, nitrogen, helium, hydrogen, and others. Among these, hydrogen pumps are especially important because they support applications like fuel cells, space, and clean energy systems. The advantages of hydrogen cryogenic pumps include high purity, reliability, and low energy consumption.
By industry vertical or application, the main areas are power generation, metallurgy, healthcare, electrical & electronics, and others. The healthcare sector shows strong growth potential because of its demand for gas delivery systems, medical equipment, and biotech research.
By region or geography, the key markets are Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to dominate in terms of growth. This is due to large investments in energy, infrastructure, and clean technology in countries like China and India. Europe also shows strong demand, especially as it shifts more toward liquefied natural gas (LNG) to reduce carbon emissions.
Major Players in the Market
Key companies operating in the cryogenic pump space include Sumitomo Heavy Industries Ltd., Ebara Corporation, Brooks Automation, Inc., Technex Limited, Flowserve Corporation, PHPK Technologies Inc., Linde Group, Global Tech India Pvt. Ltd., Fives S.A., and Nikkiso Co. Ltd., among others. These firms compete based on product performance, service contracts, R&D capabilities, and ability to expand in global markets.
Reference: https://www.fatposglobal.com/reports/cry...market-267
Trends & Future Outlook
The hydrogen economy and technologies like fuel cells and hydrogen energy may push stronger demand for cryogenic pumps in that niche. As renewable energy use grows, processes involving liquefaction, cold storage, and gas handling may become more common, benefiting this market. The Asia Pacific region is expected to remain a hot spot for growth, driven by industrial expansion and energy investment. Companies will likely emphasize R&D, efficiency improvements, cost reduction, and after-sales service to stay competitive. New applications, especially in healthcare and electronics, may open new niches for cryogenic pumping solutions.