Press release
Surge In Liquefied Natural Gas Production Drives Growth In The Cryocoolers Market: A Leading Driver Behind Cryocooler Market Expansion in 2025
Cryocooler
What Will the Cryocooler Industry Market Size Be by 2025?
In recent times, there has been robust growth in the cryocooler market size. This market is projected to expand from $3 billion in 2024 to $3.26 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this historical growth include the usage in military and defense operations, cooling requirements in medical equipment, the advent of cryogen-free systems, a surge in acceptance for research applications, and improved accessibility and cost-effectiveness.
What's the Long-Term Growth Forecast for the Cryocooler Market Size Through 2029?
In the upcoming years, the cryocooler market is projected to experience robust growth, escalating to the value of $4.62 billion by 2029 at a compound annual growth rate (CAGR) of 9.1%. This growth during the forecast period can be linked to the escalating demand in sectors such as quantum computing, energy storage, and superconductivity, growing necessity for cryocoolers in electronics, developments in space and satellite technologies, and an increase in usage concerning cryogenic storage and transportation. The forecast period also notes major trends including an expanding demand in the medical field, shrinking of cryocooler systems, progress in cryocooler technology, emphasis on eco-friendly cooling solutions, and a surge in space exploration endeavors.
View the full report here:
https://www.thebusinessresearchcompany.com/report/cryocooler-global-market-report
What Are the Key Growth Drivers Fueling the Cryocooler Market Expansion?
The growth of the cryocoolers market is anticipated to be fueled by the expansion of liquefied natural gas (LNG) production. LNG is simply natural gas that has been chilled to a liquid state, approximately -260° Fahrenheit, for storage and transportation purposes. It's necessary for small LNG distribution stations to install compact and high efficiency cryocoolers to reliquefy the gas that boils off in the LNG tank. According to data from the U.S. Energy Information Administration revealed in July 2024, a key agency of the Federal Statistical System in the U.S., there was a 3.1% growth in LNG trade in 2023, hitting an average of 52.9 billion cubic feet per day (Bcf/d). This is a growth of 1.6 Bcf/d compared to 2022. Consequently, the expansion of LNG production is stimulating the growth of the cryocoolers market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9462&type=smp
What Are the Key Trends Driving Cryocooler Market Growth?
New product development is becoming a significant trend in the cryocooler market. Major businesses in the industry are focusing on innovative product creation to consolidate their market positions. For example, Cryomech, an American cryocooler manufacturer, unveiled the PT310 Pulse Tube cryocooler at the American Physical Society (APS) in March 2022. The PT310 Pulse Tube, with its distinctive features, offers innovative performances of 1 W at 3 K and 35 W at 35 K when using the remote motor version. Utilizing the PT310 Pulse Tube Cryocooler, customers can enhance their technology and boost the performance of their dilution refrigerators.
How Is the Cryocooler Market Segmented?
The cryocooler market covered in this report is segmented -
1) By Offering: Hardware, Services
2) By Type: Pulse-Tube (PT), Gifford-McMohan (GM), Joule-Thomson (JT), Brayton, Stirling
3) By Operating Cycle: Open-Loop Cycle, Closed-Loop Cycle
4) By Temperature: 1K-5K, 5.1K-10K, 10.1K-50K, 50.1K-100K, 100.1K-300K
5) By Application: Space, Healthcare, Military And Defense, Other Applications
Subsegments:
1) By Hardware: Cryocooler Systems, Cryogenic Refrigerants, Accessories And Components
2) By Services: Installation Services, Maintenance And Repair Services, Consulting And Customization Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9462&type=smp
Which Companies Are Leading the Charge in Cryocooler Market Innovation?
Major companies operating in the cryocooler market include Sumitomo Heavy Industries Ltd., Sunpower Inc., RICOR Systems, Northrop Grumman Corporation, Cryomech Inc., Chart Industries Inc., Janis Research Company LLC, Advanced Research Systems Inc., Superconductor Technologies Inc., Stirling Cryogenics B.V., Cobham PLC, Brooks Automation Inc., Honeywell International Inc., The Lockheed Martin Corporation, L3 Technologies Inc., Air Liquide S.A., Devex, Raytheon Technologies Corporation, Refrigiwear Inc., Refrigeration Engineering Inc., Sanyo Denki Co. Ltd., Scitec Instruments Ltd., Secop Group Holding GmbH, Shimadzu Corporation, Siemens Energy AG, Supercon Inc., Thermo Fisher Scientific Inc., Titan Cryogenics, UHV Design Ltd., Thales Cryogenics B.V.
Which Regions Are Leading the Global Cryocooler Market in Revenue?
North America was the largest region in the cryocooler market in 2024 and is expected to be the fastest-growing region in the cryocooler market report during the forecast period. The regions covered in the cryocooler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9462
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surge In Liquefied Natural Gas Production Drives Growth In The Cryocoolers Market: A Leading Driver Behind Cryocooler Market Expansion in 2025 here
News-ID: 4087996 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Cryocooler
Cycle Cryocooler Market Massive Growth opportunity Ahead
Exactitude Consultancy., Ltd. announces the release of the report "Global Cycle Cryocooler Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles…
Closed Cycle Gifford-Mcmahon Cryocooler Market Size Analysis by Application, Typ …
USA, New Jersey- According to Market Research Intellect, the global Closed Cycle Gifford-Mcmahon Cryocooler market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for closed cycle Gifford-McMahon (GM) cryocoolers is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 6.7% between 2025…
Cryocooler Market 2023 Driving Factors Forecast Research 2029
The global market for cryocooler is projected to have a considerable CAGR of around 6.9% during the forecast period. Cryocoolers are standalone devices utilized for providing cooling temperatures at different cryogenic levels. Cryocoolers are significantly used for applications in the transportation/storage of gases at extremely low temperatures as well as cooling of products, particularly infrared products in various applications. Cryocooling solutions have been witnessing wide popularity across the major end-use…
Cryocooler Market Size, Share, Industry, Forecast to 2030
The Cryocooler Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Cryocooler market. This report explores all the key factors affecting the growth of the global Cryocooler market, including demand-supply scenario, pricing…
Cryocooler Market Will Reach $4.45 Billion by 2030
The cryocooler market was valued at $2.51 billion in 2021, and it is set to reach $4.45 billion by 2030, growing at a CAGR of 6.6% between 2021 and 2030, according to a research report by P&S Intelligence.
The growth of this industry is mainly ascribed to the increasing requirement for medical and healthcare services in developing countries and the growing usage of cryocoolers in nuclear MRIs, cryosurgeries, proton therapies, MRI…
Cryocooler Market worth $3.1 billion by 2025
The report "Cryocooler Market with COVID-19 Impact and Analysis by Type (GM, PT, JT, Stirling, Brayton), Offering (Hardware, Services), Heat Exchanger (Recuperative, Regenerative) Operating Cycle (Open,Closed loop), Application, and Geography - Global Forecast to 2025", is expected to grow to USD 3.1 billion by 2025 from an estimated USD 2.3 billion in 2020, at a CAGR of 6% during 2020-2025 period. The rising adoption of cryocoolers in semiconductor industry, superconducting…
