Cryogenic Storage Systems Market Report 2026

Cryogenic Storage Systems Market Overview

• Cryogenic Storage Systems market size has reached to $8.73 billion in 2025 • Expected to grow to $14.15 billion in 2030 at a compound annual growth rate (CAGR) of 10.3% • Growth Driver: Increasing Adoption Of Cell And Gene Therapies Is Fueling The Growth Of The Market Due To The Expanding Use Of Cell Therapies Beyond Oncology Applications • Market Trend: Large-Scale Cryogenic Storage Equipment Deliveries Expand Industrial Gas Storage Capacity • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Cryogenic Storage Systems Market?

Cryogenic storage systems are specialized insulated systems designed to safely store and maintain liquefied gases and other materials requiring extremely low temperatures, while minimizing heat transfer and evaporation losses. They use advanced thermal insulation, temperature management, and pressure-control mechanisms to preserve cryogenic conditions over extended periods. Cryogenic storage systems support the safe handling and long-term storage of materials across scientific, industrial, energy, healthcare, and other applications. The main product types of cryogenic storage systems include cryogenic freezers, cryogenic vials, cryogenic tanks, cryogenic dewars, and other product types. Cryogenic freezers refer to specialized storage equipment designed to preserve biological samples, pharmaceuticals, and other temperature-sensitive materials at extremely low temperatures. These systems are available in storage capacities of less than 500 liters, 500 to 1,000 liters, 1,000 to 5,000 liters, 5,000 to 10,000 liters, and over 10,000 liters. The key applications include medical and healthcare, biotechnology, pharmaceuticals, food and beverage, and others, while the end-users include hospitals, research laboratories, biobanks, and others.

What Is The Cryogenic Storage Systems Market Growth Forecast?

The cryogenic storage systems market size is expected to see rapid growth in the next few years. It will grow to $14.15 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing demand for long-term biobanking solutions, increasing adoption of automated cryogenic storage, rising need for high-capacity storage systems, expanding cell and gene therapy activities, increasing requirement for efficient cryogenic preservation. Major trends in the forecast period include increasing adoption of automated cryogenic storage systems, rising demand for high-capacity cryogenic storage solutions, growing use of advanced thermal insulation materials, increasing demand for low-evaporation-loss storage systems, expanding adoption of portable and transportable cryogenic storage equipment.

Tariff Impact On Cryogenic Storage Systems Market

Tariffs are impacting the cryogenic storage systems market by increasing the cost of imported cryogenic equipment, specialized insulation materials, stainless steel components, valves, and temperature-control systems used in storage solutions. This is raising equipment costs and creating supply-chain pressures across medical and healthcare, biotechnology, pharmaceuticals, food and beverage, and research applications, particularly in regions dependent on imported cryogenic equipment such as Asia-Pacific and North America. Equipment-intensive segments such as cryogenic tanks, freezers, dewars, and large-capacity storage systems are most affected due to their dependence on specialized components and international supply chains. However, tariffs are also encouraging local manufacturing, supplier diversification, and increased investment in domestic cryogenic equipment production, supporting greater long-term supply-chain resilience.

What Is The Driver Of The Cryogenic Storage Systems Market?

The increasing adoption of cell and gene therapies is expected to propel the growth of the cryogenic storage systems market going forward. Cell and gene therapies are advanced treatments that modify, replace, or engineer cells and genetic material to treat, prevent, or potentially cure diseases. Cell and gene therapies are increasing due to the rising prevalence of genetic disorders and cancer, which is driving demand for targeted and potentially curative treatment options. The increasing adoption of cell and gene therapies supports cryogenic storage systems by increasing the need for ultra-low temperature preservation of sensitive biological materials, ensuring long-term viability, product integrity, and safe transportation. For instance, in February 2026, according to the Alliance for Regenerative Medicine (ARM), a US-based industry association, there were 2,130 active cell and gene therapy clinical trials and 1,856 developers globally in the fourth quarter of 2025, with $3.2 billion in sector investment during the quarter. Therefore, the increasing adoption of cell and gene therapies is driving the growth of the cryogenic storage systems industry.

Key Players In The Global Cryogenic Storage Systems Market

Major companies operating in the cryogenic storage systems market are Linde plc, Air Liquide S.A., Air Products and Chemicals Inc., Thermo Fisher Scientific Inc., Parker-Hannifin Corporation, Iwatani Corporation, Eppendorf SE, Azenta Inc., Cryoport Inc., Messer SE & Co. KGaA, SIAD Macchine Impianti S.p.A., Hamilton Company, Bluefors Oy, FIBA Technologies Inc., Cryofab Inc., So-Low Environmental Equipment Co. Inc., Statebourne Cryogenics Ltd., Cryo Industries of America Inc., PHC Holdings Corporation, Chart Industries Inc., BioLife Solutions Inc., LabRepCo LLC

Global Cryogenic Storage Systems Market Trends and Insights

Major companies operating in the cryogenic storage systems market are focusing on delivering large-scale cryogenic storage equipment to support industrial gas applications and meet increasing requirements for reliable, high-capacity storage infrastructure. These systems are being supplied in multiple-unit batches and manufactured to international industrial safety standards, enabling customers to handle larger volumes of cryogenic gases across industrial applications. For instance, in July 2025, Zhangjiagang CIMC Sanctum Cryogenic Equipment Co. Ltd., a China-based cryogenic equipment manufacturer, shipped 10 industrial gas storage tanks purchased by Zhongtai Cryogenics, a China-based cryogenic equipment integrator. The tanks were shipped through the Port of Shanghai to their final destinations, marking another stage in the companies' long-term collaboration. CIMC Sanctum stated that the project involved joint technical work covering design drawings, production monitoring, and multiple pre-shipment inspections, with the equipment manufactured in accordance with international industrial safety standards. The delivery also demonstrated the company's shift from single-unit customization toward multi-specification batch production of large-scale industrial gas storage equipment.

What Are Latest Mergers And Acquisitions In The Cryogenic Storage Systems Market?

In April 2026, Cryogenic Technology Resources, Inc. (CTR), a US-based industrial engineering and equipment company, acquired Allcryo, LLC for an undisclosed amount. With this acquisition, Cryogenic Technology Resources, Inc. expanded its geographic presence across Texas and the western United States while strengthening its cryogenic and CO₂ service capabilities, enabling it to deliver more integrated equipment, repair, pump, and lifecycle service solutions to customers in the industrial gas, food and beverage, and process industries. Allcryo, LLC is a US-based manufacturer of cryogenic storage systems, specifically vacuum-insulated cryogenic storage tanks and related cryogenic equipment.

What Defines the Cryogenic Storage Systems Market?

The cryogenic storage systems market consists of sales of cryogenic storage tanks, cryogenic vessels, cryogenic dewars, cryogenic containers, vacuum-insulated storage tanks, cryogenic storage cabinets, and cryogenic storage systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Cryogenic Storage Systems Market Report 2026?

The cryogenic storage systems market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic storage systems industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.