Cryogenic Equipment Market Evaluation of Supply Chain Dynamics, End-User Industries, and Strategic Growth Opportunities in Energy Storage and Metallurgy

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Cryogenic Equipment Market Size, Share & Trends Analysis Report By Equipment(, Valves, Vaporizers, Pumps, Other Equipment), By Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen, Other Cryogens), By End-User Industry (Metallurgy, Energy & Power, Chemical, Electronics, Transportation, Other End-User Industries), By System Type(Storage System, Handling System, Supply System, Others), By Application (Casu (Cryogenic Air Separation Unit), Non-Casu (Non-Cryogenic Air Separation Unit))- Market Outlook And Industry Analysis 2034"

The global cryogenic equipment market is estimated to reach over USD 25.25 billion by the year 2034, exhibiting a CAGR of 7.2% during the forecast period.

Global cryogenic equipment market 2025-2034 full Research Repot latest version is now available.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1704

Cryogenic equipment is utilized to facilitate processes at ultra-low temperatures and finds applications in areas such as liquefied gas storage and transportation, food preservation, cryosurgery, and superconducting electromagnets, among others. The increasing investments in liquefied natural gas (LNG) power plants aimed at generating sustainable energy are anticipated to drive higher adoption of cryogenic technologies. Additionally, the growth of various manufacturing sectors and power generation facilities is expected to bolster product demand. Rising capital allocation in industries including electronics, metallurgy, food and beverage, mining, and metals further supports the expansion of the cryogenic equipment market.

Moreover, the growing emphasis on energy storage solutions across multiple industries, propelled by the widespread integration of renewable energy within infrastructure projects, is elevating the importance of cryogenics-based energy storage (CES). The synergy between power station energy storage and renewable electricity generation is forecasted to augment global demand for cryogenic products. Continued efforts to upgrade and maintain healthcare infrastructure, alongside the expansion of gas-to-liquid conversion initiatives, are also projected to contribute positively to market growth in the forthcoming period.

List of Prominent Players in the Cryogenic Equipment Market:
• LINDE PLC
• AIR LIQUIDE
• AIR PRODUCTS AND CHEMICALS, INC.
• CHART INDUSTRIES
• PARKER HANNIFIN CORP
• FLOWSERVE CORPORATION
• NIKKISO CO., LTD.
• INOX INDIA LIMITED
• TAYLOR-WHARTON
• EMERSON ELECTRIC CO.
• WESSINGTON CRYOGENICS
• SULZER LTD
• ACME CRYO.
• SHI CRYOGENICS GROUP
• FIVES SAS
• CRYOFAB
• HEROSE GMBH
• CRYOSTAR
• SHELL-N-TUBE

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-04

Market Dynamics:
Drivers:
The increasing demand for renewable energy is anticipated to be a key growth driver for the cryogenic equipment market in the near term. Applications related to transportation, storage, and regasification of clean energy present substantial growth opportunities. Additionally, expanding healthcare sectors in emerging economies, along with significant investments in the metallurgical, chemical, and petrochemical industries, are expected to further stimulate demand. Rising global awareness regarding the importance of sustainable energy sources is also contributing to the growing adoption of cryogenic technologies.

Challenges:
Cryogenic equipment typically comprises a stainless steel outer pressure containment tube and an intermediate static support tube. However, efficiency improvements can be achieved by substituting traditional stainless steel drive shafts and concentric static components with glass/epoxy composite materials. Market growth may be constrained by stringent regulations targeting greenhouse gas emissions from the steel industry, as well as the volatility in steel production and pricing influenced by fluctuating crude oil supply and demand dynamics.

Regional Trends:
The Asia Pacific region is projected to dominate the cryogenic equipment market in terms of revenue, with a robust compound annual growth rate (CAGR) driven by shifting consumer preferences, government policies supporting sustainable development, and increased investment in industrial infrastructure. Rising power demand and growing recognition of renewable energy benefits are fueling demand for gas-fired power plants in the region. In North America, particularly the U.S. and Canada, significant potential exists for LNG exports. The increasing market share of LNG-based power plants, especially as coal supplies diminish, presents substantial growth opportunities for cryogenic equipment. Demand for natural gas is expected to rise over the coming years, largely driven by expansion in the industrial and power generation sectors.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1704

Recent Developments:
• In April 2023, Linde acquired a contract to supply green hydrogen to Singapore through Evonik, a well-known specialty chemicals firm. The agreement states that Linde would construct, own, and run a nine-megawatt alkaline electrolyzer facility on Singapore's Jurong Island. Evonik will use the green hydrogen produced by the plant to make methionine, a crucial ingredient in animal feed.
• In March 2023, Air Products and Chemicals, Inc. and Shaanxi LNG Reserves & Logistics Company signed a contract with Shaanxi LNG Reserves & Logistics Company Ltd. in ShaanXi Province, China, to provide Technip Energies with its exclusive LNG process technology and equipment for the Xi'An LNG Emergency Reserve & Peak Regulation Project.

Segmentation of Cryogenic Equipment Market-
By Equipment
• Valves
• Vaporizers
• Pumps
• Other Equipment
By Cryogen
• Nitrogen
• Argon
• Oxygen
• LNG
• Hydrogen
• Other Cryogens
By End-User Industry
• Metallurgy
• Energy & Power
• Chemical
• Electronics
• Transportation
• Other End-User Industries
By System Type
• Storage System
• Handling System
• Supply System
• Others
Cryogenic Equipment Market By Application
• Casu (Cryogenic Air Separation Unit)
• Non-Casu (Non-Cryogenic Air Separation Unit)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/cryogenic-equipment-market/1704

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.