The Cryogenic Pump Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cryogenic Pump Market?
The market size of the cryogenic pump has seen considerable growth recently. It is projected to expand from $2.4 billion in 2024 to $2.54 billion in 2025 with a compound annual growth rate (CAGR) of 6.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cryogenic Pump Industry?
The Cryogenic Pump Global Market Report 2025 predicts that by 2029, the market size will reach $3.26 billion, growing at a compound annual growth rate (CAGR) of 6.4%.
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What are the Key Growth Drivers Fueling the Cryogenic Pump Market?
The key drivers in the cryogenic pump market are:
• Adoption of hydrogen as a green energy carrier
• Demand for cryogenic pumps in superconducting applications
• Growth in biotechnology and pharmaceutical cryopreservation
• Focus on sustainable and environmentally-friendly cryogenic solutions
Global Market Segmentation: Identifying Major Cryogenic Pump Industry Segments
The cryogenic pump market covered in this report is segmented –
1) By Type: Positive Displacement Pump, Centrifugal Pump
2) By Cryogen Type: Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other Cryogen Type
3) By Orientation: Horizontal, Vertical
4) By End-User: Oil And Gas, Metallurgy, Power Generation, Chemical And Petro Chemical, Marine, Other End-Users
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What are the Emerging Trends Shaping the Future of the Cryogenic Pump Market?
The key trends in the inhalation and nasal spray generic drugs market are:
• Advancements in energy storage and transportation technologies are becoming a notable trend.
• Innovations in the design and efficiency of cryogenic pumps are emerging in the market.
• The use of cryogenic pumps for hydrogen applications is an anticipated trend.
• The application of cryogenic pumps in cryopreservation and the integration of variable frequency drives is on the rise.
Who Are the Top Competitors & Leading Players in the Cryogenic Pump Market?
Major companies in the cryogenic pump market are:
• Ebara Corporation
• Fives Group SAS
• Nikkiso Co Ltd.
• Sumitomo (SHI) Cryogenics of America Inc.
• Trillium Flow Technologies
• CryoVation LLC.
• ChampionX Production Systems Technologies LP
• KRYTEM Cryogenic Systems
• Sehwa Tech Inc.
• Vanzetti Engineering S.p.A.
• Xinxiang Chengde Energy Technology Equipment Co.Ltd.
• Brooks Automation Inc.
• Cryostar SAS
• Flowserve Corporation
• Linde AG
• Chart Industries Inc.
• Cryoquip LLC
• Atlas Copco AB
• INOXCVA
• Advanced Thermal Products Inc.
• Acme Cryogenics
• Surrey Pumps Ltd.
• HSME Corp.
• CIRCOR International Inc.
Regional Dominance: Which Area Leads the Global Cryogenic Pump Market?
Asia-Pacific was the largest region in the cryogenic pump market in 2024
