극저온 펌프 시장 : 세계의 산업 규모, 점유율, 동향, 기회, 예측 - 유형별, 용도별, 최종 이용 산업별, 지역별 & 경쟁(2021-2031년)

The Global Cryogenic Pump Market is projected to increase from USD 2.43 Billion in 2025 to USD 3.12 Billion by 2031, expanding at a CAGR of 4.25%. These specialized fluid transfer devices are essential for pressurizing and circulating liquefied gases like nitrogen, oxygen, and natural gas at temperatures usually dropping below -150°C. The market is primarily propelled by the ongoing growth of the global liquefied natural gas (LNG) supply chain and the indispensable need for industrial gases within the healthcare and electronics manufacturing industries. As reported by the International Gas Union, global LNG liquefaction capacity expanded by 6.5 million tonnes per annum in 2024. This infrastructural growth directly creates a demand for dependable pumping systems to handle the transfer and storage of volatile fluids at growing import and export facilities.

However, a major obstacle impeding wider market growth is the substantial capital and operational expense linked to these intricate systems. The extreme temperature differences characteristic of cryogenic applications often result in mechanical stress, seal breakdowns, and cavitation, requiring costly and specialized maintenance procedures. These high lifecycle costs frequently discourage adoption in budget-constrained industrial sectors, restricting the use of such high-performance equipment to critical energy and medical applications.

Market Driver

The escalating global demand for liquefied natural gas (LNG) serves as the main engine for the Global Cryogenic Pump Market, requiring durable fluid transfer capabilities across a growing network of import and export terminals. With energy policies increasingly prioritizing natural gas for industrial heating and power generation, the infrastructure necessary for liquefaction and regasification is expanding rapidly. According to the '2025 World LNG Report' by the International Gas Union in May 2025, global LNG trade increased by 2.4% in 2024 to a total of 411.24 million tonnes. This rise in volume directly intensifies the necessity for specialized pumps to handle high-pressure cryogenic fluids. Additionally, Shell's 2025 forecast anticipates global LNG demand will range between 630 and 718 million tonnes per annum by 2040, indicating a continued trend of investment in essential pumping systems.

At the same time, the enforcement of strict environmental emission regulations is creating substantial opportunities within the carbon capture, utilization, and storage (CCUS) and clean energy sectors. These mandates force industrial operators to utilize cryogenic systems for the capture and transport of liquid carbon dioxide and hydrogen, thereby expanding the market beyond conventional hydrocarbon uses. This regulatory pressure is evident in recent purchasing trends for specialized machinery. For example, Chart Industries reported in their 'Third Quarter 2025 Financial Results' in October 2025 that orders within their Specialty Products segment, which covers equipment for carbon capture and new energy markets, surged by 84.4% year-over-year to $438.5 million. Such figures suggest that environmental compliance is rapidly evolving into a crucial revenue source for manufacturers of cryogenic pumps.

Market Challenge

The substantial capital and operational costs required for cryogenic pumping systems constitute a major hurdle to the broader development of the global market. These units function under severe temperature differences, frequently requiring engineering and materials that can endure temperatures lower than -150°C. Such a harsh operational environment induces considerable mechanical stress, resulting in risks of cavitation and frequent seal deterioration that demand expensive, specialized maintenance regimens. As a result, the total cost of ownership becomes exclusionary for budget-conscious industrial areas, effectively limiting the use of this technology to well-capitalized energy and medical sectors where such spending is unavoidable.

This financial strain directly impedes the market's capacity to branch out into emerging, less capitalized applications. The influence of these budgetary limitations is mirrored in the slow rate of associated trade growth. As stated by the International Group of Liquefied Natural Gas Importers (GIIGNL), global LNG trade growth decelerated to merely 2.1% in 2024, representing a distinct slowdown compared to past trends. This information points to a market climate where elevated infrastructure and operational expenses are fostering a cautious strategy regarding capacity expansion, thereby restricting the quantity of new pump installations needed worldwide.

Market Trends

A pivotal trend transforming the Global Cryogenic Pump Market is the rise of specialized pumps designed for the hydrogen economy, necessitated by infrastructure requirements that differ from standard LNG systems. Manufacturers are increasingly creating high-pressure cryogenic pumps specifically engineered to manage the ultra-low temperatures and extreme volatility of liquid hydrogen for dispensing and storage tasks. This technological evolution directly underpins the establishment of fueling networks for fuel cell vehicles and heavy-duty transport. For example, the Nikkiso Clean Energy & Industrial Gases Group announced in June 2024 that it had won contracts to construct and service roughly two dozen liquid hydrogen fueling stations in South Korea, highlighting the swift commercial expansion of this specialized pumping infrastructure.

Concurrently, the market is undergoing a strong adoption of smart monitoring systems and IoT, changing how operators oversee pump performance and lifecycle. This movement involves integrating data analytics and sensors into pumping units to facilitate predictive maintenance, thereby optimizing energy consumption through real-time modifications and preventing expensive seal failures. The industry's shift toward these digitally enabled service models is reflected in financial results. In October 2024, Flowserve Corporation reported total bookings of $1.20 billion in its 'Third Quarter 2024 Results', specifically citing record order levels linked to its '3D strategy' that emphasizes decarbonization and digitization. This increase in strategic orders underscores the rising reliance of customers on intelligent, data-centric pumping solutions to minimize downtime and lower operational costs.

Key Market Players

• Nikkiso Co., Ltd.
• Ebara Corporation
• SHI Cryogenics Group
• Flowserve Corporation
• Fives Group
• Cryostar
• Atlas Copco AB
• Sulzer Ltd
• Ruhrpumpen Group
• Vanzetti Engineering

Report Scope

In this report, the Global Cryogenic Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cryogenic Pump Market, By Type

• Positive Displacement Pumps
• Kinetic Pumps
• Entrapment Pumps

Cryogenic Pump Market, By Application

• Nitrogen
• Hydrogen
• Helium
• Liquefied Natural Gas(LNG)
• Others

Cryogenic Pump Market, By End-use Industry

• Healthcare Industry
• Energy & Power Generation Industry
• Electricals & Electronics Industry
• Others

Cryogenic Pump Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cryogenic Pump Market.

Available Customizations:

Global Cryogenic Pump Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Cryogenic Pump Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Positive Displacement Pumps, Kinetic Pumps, Entrapment Pumps)
  • 5.2.2. By Application (Nitrogen, Hydrogen, Helium, Liquefied Natural Gas(LNG), Others)
  • 5.2.3. By End-use Industry (Healthcare Industry, Energy & Power Generation Industry, Electricals & Electronics Industry, Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Cryogenic Pump Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By End-use Industry
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Cryogenic Pump Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By End-use Industry
  • 6.3.2. Canada Cryogenic Pump Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By End-use Industry
  • 6.3.3. Mexico Cryogenic Pump Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By End-use Industry

7. Europe Cryogenic Pump Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By End-use Industry
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Cryogenic Pump Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By End-use Industry
  • 7.3.2. France Cryogenic Pump Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By End-use Industry
  • 7.3.3. United Kingdom Cryogenic Pump Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By End-use Industry
  • 7.3.4. Italy Cryogenic Pump Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By End-use Industry
  • 7.3.5. Spain Cryogenic Pump Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By End-use Industry

8. Asia Pacific Cryogenic Pump Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By End-use Industry
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Cryogenic Pump Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By End-use Industry
  • 8.3.2. India Cryogenic Pump Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By End-use Industry
  • 8.3.3. Japan Cryogenic Pump Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By End-use Industry
  • 8.3.4. South Korea Cryogenic Pump Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By End-use Industry
  • 8.3.5. Australia Cryogenic Pump Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By End-use Industry

9. Middle East & Africa Cryogenic Pump Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By End-use Industry
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Cryogenic Pump Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By End-use Industry
  • 9.3.2. UAE Cryogenic Pump Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By End-use Industry
  • 9.3.3. South Africa Cryogenic Pump Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By End-use Industry

10. South America Cryogenic Pump Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Application
  • 10.2.3. By End-use Industry
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Cryogenic Pump Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By End-use Industry
  • 10.3.2. Colombia Cryogenic Pump Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By End-use Industry
  • 10.3.3. Argentina Cryogenic Pump Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By End-use Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Cryogenic Pump Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Nikkiso Co., Ltd.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Ebara Corporation
• 15.3. SHI Cryogenics Group
• 15.4. Flowserve Corporation
• 15.5. Fives Group
• 15.6. Cryostar
• 15.7. Atlas Copco AB
• 15.8. Sulzer Ltd
• 15.9. Ruhrpumpen Group
• 15.10. Vanzetti Engineering

16. Strategic Recommendations

17. About Us & Disclaimer