극저온 장비 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the cryogenic equipment market size is expected to grow from USD 25.93 billion in 2025 to USD 27.59 billion in 2026 and is forecast to reach USD 37.64 billion by 2031 at 6.41% CAGR over 2026-2031.

This report is Segmented by Gas (Liquid Nitrogen, Liquid Oxygen, Liquid Argon, Liquid Helium, Liquid Hydrogen, and LNG), Equipment (Tanks, Pumps, Heat Exchangers, Valves and Regulators, and More), Application (Storage, Transportation and Distribution, and More), End-User Industry (Oil and Gas, Electronics and Semiconductors, and More), and Geography (North America, Europe, Asia-Pacific, and More).

Global Cryogenic Equipment Market Trends and Insights

Surging LNG trade & small-scale LNG infrastructure

New liquefaction trains entering service across the United States, Qatar, and East Africa elevate demand for tanks, heat exchangers, and boil-off reliquefaction systems. Venture Global's Plaquemines plant shipped its first cargo in 2024, demonstrating mid-scale technology that compresses build schedules. Qatar's North Field expansion to 142 million tpa by 2030 positions the country for 25% of global LNG trade. Modular systems, typified by Linde's OPTI-LNG(TM) plants, support niche off-grid consumption in Latin America and sub-Saharan Africa. Record orders for Turbo-Brayton units illustrate shipping-sector investments in methane capture that cut voyage losses. Utilization below 50% at some European regasification terminals cautions against blanket capacity additions and may spur retrofit rather than greenfield spending.

Expansion of semiconductor fabs requiring ultra-pure cryogens

The CHIPS Act's USD 30 billion incentives stimulate multiple U.S. mega-fabs, quadrupling domestic helium needs within a decade. Air Liquide is building a USD 250 million ultra-pure nitrogen complex in Idaho to serve Micron's 1-beta DRAM line, integrating renewable electricity to lower Scope 2 emissions. Chinese import pivots, now sourcing nearly 90% of helium from Qatar, reshape maritime logistics for ISO tanks and liquid liners. At node sizes below 5 nm, permissible impurity levels decline to parts-per-trillion, lifting demand for high-spec cryogenic purification skids. Localized gas ecosystems could see 60% of semiconductor material inputs produced within U.S. borders by 2030, accelerating procurement of Global Cryogenic Equipment market offerings.

High capital cost & complex installation

Large-scale LNG or air-separation units entail USD 5 billion-plus annual capex for market leaders, deterring smaller entrants. Heat-exchanger manufacture alone can form 30% of plant budgets, yet each 1% efficiency boost saves 5% compressor energy. ADNOC's Ruwais project illustrates the financing barrier, with a USD 5.5 billion EPC value before commissioning. Compliance with NFPA 59A and ASME codes extends schedules by months and demands specialist inspection. European gas-association guidelines further increase design complexity and curricula for operators. Consequently, retrofit optimization often supersedes greenfield builds, moderating immediate Global Cryogenic Equipment market orders.

Other drivers and restraints analyzed in the detailed report include:

1. Growth of space-launch demand for cryogenic propellants
2. Investments in green-hydrogen liquefaction plants
3. Helium supply shortages & price volatility

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

LNG represented 31.20 of % Global Cryogenic Equipment market share in 2025, anchored by 2.6 bcf/d capacity at Plaquemines and Qatar's expansion trajectory. Liquid hydrogen, however, grows at a 9.95% CAGR underpinned by Plug Power's Louisiana line and Air Liquide's Nevada unit. Global Cryogenic Equipment market size for hydrogen liquefiers could exceed USD 3.18 billion by 2031 if Europe hits the 10 million t annual target. Helium and argon remain niche but strategic: semiconductor-grade argon rides lithography growth, while helium shortages intensify focus on recycling skids. Diversified order books now include methane tanks for reusable launch vehicles and nitrogen freezers for plant-based protein processors, underscoring widening end-use diversity.

The segment's competitive focus shifts toward modular, high-flexibility plants capable of switching between gas species. Chart Industries' plug-and-play hydrogen modules exemplify this convergence, allowing LNG-trained fabricators to pivot into hydrogen with minimal retooling. North America and APAC dominate the market, yet Europe's green-deal funding anchors demand for mid-scale green-hydrogen liquefiers. Suppliers demonstrating contamination control to single-digit ppt levels gain pricing premiums in microelectronics contracts.

Tanks held 33.25% share of Global Cryogenic Equipment market size in 2025, supported by demand for full-containment LNG storage nearing 250 m3 and high-pressure composite cylinders in aviation prototypes. Pump revenues expand fastest at 8.18% CAGR, boosted by Dover's Cryogenic Machinery Corp acquisition that brings low-NPSH centrifugal designs into its portfolio.

Heat-exchanger upgrades dominate refinery retrofits, where 1% thermodynamic gains translate to 5% compressor energy savings. Valve makers leverage digital twins for predictive-maintenance offerings, capturing sticky aftermarket revenue even as unit sales plateau. Instrumentation demand rises in tandem with safety automation, with SIL-3 certified sensors becoming baseline in tenders. Emerging magnetic-levitation transfer lines, eliminating friction losses, position ancillary component specialists for long-cycle orders in space-grade pipelines.

Complete Report Scope:

• By Gas
  • Liquid Nitrogen (LIN)
  • Liquid Oxygen (LOX)
  • Liquid Argon
  • Liquid Helium
  • Liquid Hydrogen (LH2)
  • LNG (Methane)
• By Equipment
  • Tanks (Cryogenic storage tanks, Dewars and cylinders, ISO and road tank containers)
  • Pumps
  • Heat Exchangers
  • Valves and Regulators
  • Instrumentation and Controls
  • Ancillary Equipment (transfer lines, cold boxes, etc.)
• By Application
  • Storage
  • Transportation and Distribution
  • Processing and Liquefaction
  • Regasification
  • R&D/Laboratory
• By End-user Industry
  • Oil and Gas (upstream, midstream, LNG)
  • Energy and Power (grid-scale storage, SMR, H2)
  • Chemicals and Petrochemicals
  • Food and Beverage
  • Healthcare and Life-Sciences
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Others (Marine, Metallurgy and Metal-processing)
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Egypt
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific maintained 42.30% Global Cryogenic Equipment market share in 2025, owing to China's 29 operating LNG terminals and 39 builds underway. Regional CAGR of 7.38% remains intact as India lifts regas capacity and South Korea deepens U.S. chip-supply alliances. By volume, China's capacity utilization could slip to 43% by 2030, yet tank revamps and safety retrofits sustain aftermarket demand.

North America benefits from CHIPS-Act fabs and LNG exports. By 2028, the United States projects 21.2 bcf/d liquefaction capacity, underpinning large storage-tank and cold-box orders. Simultaneously, Louisiana's hydrogen corridor positions local OEMs to supply twin-service valves viable for both methane and hydrogen. Canada's emerging helium projects amplify cryogenic separation skid procurement.

Europe wrestles with declining gas demand-20% year-on-year drop in H1 2024-yet continues to commission terminals, raising under-utilization risk. The continent's hydrogen strategy, targeting 10 million t/y output, channels capex toward electrolyzer-coupled liquefiers. Regulations such as the EU Pressure Equipment Directive elevate compliance costs but protect incumbents. The Middle East & Africa leverages low-carbon LNG at ADNOC's Ruwais and QatarEnergy projects, while South America adds floating regasification units in Brazil. Each geography channels distinctive stimuli and constraints into the Global Cryogenic Equipment market growth arc.

1. Linde plc
2. Air Liquide
3. Chart Industries Inc.
4. Air Products & Chemicals Inc.
5. Cryofab Inc.
6. Beijing Tianhai Industry Co. Ltd.
7. Emerson Electric Co.
8. Honeywell International Inc.
9. Sumitomo Heavy Industries Ltd.
10. McDermott International Ltd.
11. Flowserve Corporation
12. HEROSE GmbH
13. Wessington Cryogenics
14. Cryostar SAS
15. IHI Corporation
16. Kawasaki Heavy Industries Ltd.
17. INOXCVA
18. Taylor-Wharton
19. Fives Group
20. Peters Shipyards

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging LNG trade & small-scale LNG infrastructure
  • 4.2.2 Expansion of semiconductor fabs requiring ultra-pure cryogens
  • 4.2.3 Growth of space-launch demand for cryogenic propellants
  • 4.2.4 Emergence of quantum-computing & superconducting use-cases
  • 4.2.5 Growth in medical cryotherapy & biologics cold-chain logistics
  • 4.2.6 Investments in green-hydrogen liquefaction plants
• 4.3 Market Restraints
  • 4.3.1 High capital cost & complex installation
  • 4.3.2 Helium supply shortages & price volatility
  • 4.3.3 Safety risks causing regulatory delays
  • 4.3.4 Scarcity of cryogenics-skilled workforce
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Gas
  • 5.1.1 Liquid Nitrogen (LIN)
  • 5.1.2 Liquid Oxygen (LOX)
  • 5.1.3 Liquid Argon
  • 5.1.4 Liquid Helium
  • 5.1.5 Liquid Hydrogen (LH2)
  • 5.1.6 LNG (Methane)
• 5.2 By Equipment
  • 5.2.1 Tanks (Cryogenic storage tanks, Dewars and cylinders, ISO and road tank containers)
  • 5.2.2 Pumps
  • 5.2.3 Heat Exchangers
  • 5.2.4 Valves and Regulators
  • 5.2.5 Instrumentation and Controls
  • 5.2.6 Ancillary Equipment (transfer lines, cold boxes, etc.)
• 5.3 By Application
  • 5.3.1 Storage
  • 5.3.2 Transportation and Distribution
  • 5.3.3 Processing and Liquefaction
  • 5.3.4 Regasification
  • 5.3.5 R&D/Laboratory
• 5.4 By End-user Industry
  • 5.4.1 Oil and Gas (upstream, midstream, LNG)
  • 5.4.2 Energy and Power (grid-scale storage, SMR, H2)
  • 5.4.3 Chemicals and Petrochemicals
  • 5.4.4 Food and Beverage
  • 5.4.5 Healthcare and Life-Sciences
  • 5.4.6 Electronics and Semiconductors
  • 5.4.7 Aerospace and Defense
  • 5.4.8 Others (Marine, Metallurgy and Metal-processing)
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Russia
    • 5.5.2.7 Rest of Europe
  • 5.5.3 Asia Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 South Korea
    • 5.5.3.5 ASEAN Countries
    • 5.5.3.6 Australia
    • 5.5.3.7 Rest of Asia Pacific
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 South Africa
    • 5.5.5.4 Egypt
    • 5.5.5.5 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Linde plc
  • 6.4.2 Air Liquide
  • 6.4.3 Chart Industries Inc.
  • 6.4.4 Air Products & Chemicals Inc.
  • 6.4.5 Cryofab Inc.
  • 6.4.6 Beijing Tianhai Industry Co. Ltd.
  • 6.4.7 Emerson Electric Co.
  • 6.4.8 Honeywell International Inc.
  • 6.4.9 Sumitomo Heavy Industries Ltd.
  • 6.4.10 McDermott International Ltd.
  • 6.4.11 Flowserve Corporation
  • 6.4.12 HEROSE GmbH
  • 6.4.13 Wessington Cryogenics
  • 6.4.14 Cryostar SAS
  • 6.4.15 IHI Corporation
  • 6.4.16 Kawasaki Heavy Industries Ltd.
  • 6.4.17 INOXCVA
  • 6.4.18 Taylor-Wharton
  • 6.4.19 Fives Group
  • 6.4.20 Peters Shipyards

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment