極低温装置市場規模、シェア、動向、2030年までの世界予測

極低温装置市場は、2024年の135億5,000万米ドルから2030年には229億6,000万米ドルに達し、年平均成長率（CAGR）9.3%に達するとMarketsandMarketsでは予測しています。この成長は、冶金、石油・ガス、エネルギー・電力業界における産業ガスの利用増加などの要因に起因しています。クリーンで効率的なエネルギー源としての液化天然ガス（LNG）の人気の高まりが、極低温装置市場の成長を牽引しています。

調査範囲：

本レポートは、世界の極低温装置市場を、機器、極低温物質、エンドユーザー産業、システムタイプ、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題を包括的に分析しています。さらに、市場の様々な重要な側面を網羅しており、競争環境、市場ダイナミクス、市場規模予測、極低温装置市場の将来動向などを分析しています。

本レポート購入の主なメリット

• 極低温装置市場は、超低温処理が鍵となる、よりクリーンで効率的なエネルギー・産業システムへの世界的なトレンドによって牽引されています。LNG、水素、産業ガスに関連した液化ガス需要の増加、そしてエネルギー安全保障と排出削減への関心の高まりにより、極低温タンク、バルブ、ポンプ、気化器の急速な導入が促進されました。極低温装置の多くの特徴には、ガスの安全な液化、貯蔵、輸送が含まれており、LNGインフラ開発、水素利用、産業プロセス、医療用途に役立ちます。極低温装置のもう一つの重要かつ注目すべき特徴は、既存のガスバリューチェーンとの本質的な互換性により、エネルギー、産業、輸送の各セクターにわたる柔軟性が得られることです。厳格な安全・環境規制に加え、政府によるクリーン燃料の推進も相まって、極低温インフラへの投資が促進されています。一方、断熱材、材料、自動化、デジタル監視の進歩により、効率、信頼性、拡張性が向上し、極低温装置は低炭素エネルギー移行のための重要な基盤となるでしょう。
• 製品開発／イノベーション：極低温装置市場は、冶金業界における極低温装置システムの需要増加に牽引され、大幅な製品開発とイノベーションが進んでいます。企業は高度な極低温装置の開発に投資しています。
• 市場開発：INOX India Limitedは、タミル・ナードゥ州にLNG施設を建設しました。この施設は、113 KLのLNGタンク2基、22 Bar圧力で5,000 SCMHの容量を持つ再ガスシステムで構成されており、関連機器はINOXCVAによって記録的な速さでターンキー方式で供給されました。
• 市場の多様化：Chart Industriesは、ノースカロライナ州に拠点を置くクリーンエネルギーおよび気候技術企業である8 Rivers Capitalと提携し、水素技術およびソリューションの商業機会を獲得しました。この提携には、Chartが長年培ってきた極低温、圧縮、プロセス技術の設計・製造における経験に基づき、8 Riversの技術に対応した機器の開発が含まれており、8 Riversが顧客に信頼性と費用対効果の高いソリューションを提供できるよう支援します。両社は協力して、Chartの製品を8 Riversのプロジェクトに統合する商業機会を発掘・開発します。
• 競合評価：極低温機器市場における主要企業（Linde plc（アイルランド）、Air Liquide（フランス）、Air Products and Chemicals, Inc.（米国）、Chart Industries（米国）、PARKER HANNIFIN CORP（米国）など）のランキング評価。

Report Description

The cryogenic equipment market is projected to reach USD 22.96 billion by 2030 from USD 13.55 billion in 2024, at a CAGR of 9.3%. The growth is attributed to the factors such as Increasing utilization of industrial gases in metallurgy, oil & gas, and energy & power industries. Growing popularity of liquefied natural gas as source of clean and efficient energy has driven the growth of cryogenic equipment market.

“By end-user industry, Electronics segment is projected to be the fastest growing segment of the cryogenic equipment market during the forecast period.”

The electronics segment is expected to be the fastest-growing end-user segment in the cryogenic equipment market during the forecast period. In the electronics industry, cryogenic equipment is used widely in the storage and handling of high-purity industrial gases such as nitrogen, oxygen, and argon. These gases are essential in semiconductor fabrication, integrated circuits, flat-panel displays, and printed circuit boards. Their critical importance arises from the important manufacturing processes for which they are to be applied: wafer cooling, inerting, oxidation, deposition, and processing, where precise temperatures must be maintained in an environment free of contamination. The demand owing to extensive consumer need for electronics, electric vehicles, data centers, and advanced computing facilities raises the demand for an infusion of production capacity for semiconductors. It also substantiates a demand for reliable supply systems for cryogenic gases. Continuous advancements in chip miniaturization, high-density packaging, and.next-generation electronic materials are complementary contributors to increased demand. As the activities in electronics production increase in complexity and continue to be quality-driven, more of such equipment will surely be adopted gradually in this segment.

“Storage system segment is expected to be the largest segment during the forecast period based on system type.”

By system type, the cryogenic equipment market has been segmented into storage system, handling system, supply system, and others. The storage system segment is expected to hold the largest market share during the forecast period. The large market share and the high growth rate of this segment can be attributed to the lucrative growth opportunities provided by the expanding aerospace industry and technological advancements in cryogenic energy storage (CES) systems.

“By region, Europe is expected to be the second-largest region in the cryogenic equipment market during the forecast period.”

Europe is expected to be the second-largest region in the cryogenic equipment market during the forecast period. The region has been segmented, by country, into Russia, the UK, Germany, France, and Rest of Europe. The market in Rest of Europe is primarily studied for the Netherlands, Italy, Norway, Sweden, Denmark, and Finland. The European market is mainly influenced by the modernization of Germany’s healthcare industry and France’s commitment to achieving net-zero emissions. the increasing investments in LNG exports are likely to create requirement for cryogenic equipment in the transportation industry, especially the shipping sector, thereby providing a lucrative growth opportunity for cryogenic equipment providers in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
• By Designation: C-Level Executives – 30%, Managers- 25%, and Others- 45%
• By Region North America- 27%, Europe- 20%, Asia Pacific- 33%, South America- 12%, The Middle East- 4% and Africa- 4%

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The cryogenic equipment market is dominated by a few major players that have a wide regional presence. The leading players in the cryogenic equipment market are Linde plc (Ireland); Air Liquide (France); Air Products and Chemicals, Inc. (US); Chart Industries (US); and PARKER HANNIFIN CORP (US), among others.

Study Coverage:

The report defines, describes, and forecasts the global cryogenic equipment market by Equipment, Cryogen, End-user Industry, System Type, and Region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the cryogenic equipment market.

Key Benefits of Buying the Report

• The cryogenic equipment market is driven by a global trend toward cleaner, more efficient energy and industrial systems where ultra-low-temperature handling is key. Increased liquefied gas demand in relation to LNG, hydrogen, industrial gases, and energy security and emission reductions spurred the rapid adoption of cryogenic tanks, valves, pumps, and vaporizers. Many features of cryogenic equipment include safe liquefaction, storage, and transportation of gases-lending itself to LNG infrastructure development, hydrogen deployment, industrial processing, and medical applications. Another crucial and worth-noting feature of cryogenic equipment is that their inherent compatibility with existing gas value chains allows flexibility across energy, industrial, and transport sectors. The tighter safety and environmental regulations are complemented with the government push for clean fuels, thus propelling investment into cryogenic infrastructure. Meanwhile, advancement in insulation, materials, automation, and digital monitoring for better efficiency, reliability, and scalability would make cryogenic equipment a significant enabling infrastructure for low-carbon energy transition.
• Product Development/Innovation: The cryogenic equipment market is witnessing significant product development and innovation, driven by the growing demand for cryogenic equipment systems in the metallurgy industries. Companies are investing in developing advanced cryogenic equipments.
• Market Development: INOX India Limited built an LNG facility in Tamil Nadu, which comprises 2 x 113 KL LNG tanks, regas system with a capacity of 5,000 SCMH @ 22 Bar pressure and associated equipment was supplied by INOXCVA on a turnkey basis in a record time.
• Market Diversification: Chart Industries collaborated with 8 Rivers Capital, a North Carolina-based clean energy and climate technology company, to grab commercial opportunities for hydrogen technology and solutions. This collaboration includes developing equipment for 8 Rivers technologies backed up by Chart’s decades of experience in designing and manufacturing cryogenic, compression, and process technologies, and help 8 Rivers in delivering reliable and cost-effective solutions to its customers. The companies will work together to identify and develop commercial opportunities to integrate Chart offerings into 8 Rivers’s projects.
• Competitive Assessment: Assessment of rankings of some of the key players, including of Linde plc (Ireland); Air Liquide (France); Air Products and Chemicals, Inc. (US); Chart Industries (US); and PARKER HANNIFIN CORP (US), among others in the cryogenic equipment market.

Table of Contents

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 33
1.3.2 YEARS CONSIDERED 34
1.3.3 INCLUSIONS AND EXCLUSIONS 34
1.4 CURRENCY CONSIDERED 36
1.5 UNIT CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 37
2 EXECUTIVE SUMMARY 39
2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS 39
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 41
2.3 DISRUPTIVE TRENDS IN CRYOGENIC EQUIPMENT MARKET 42
2.4 HIGH-GROWTH SEGMENTS 43
2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 44
3 PREMIUM INSIGHTS 45
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CRYOGENIC EQUIPMENT MARKET 45
3.2 CRYOGENIC EQUIPMENT MARKET, BY REGION 46
3.3 CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE 46
3.4 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN 47
3.5 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT 47
3.6 CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY 48
3.7 CRYOGENIC EQUIPMENT MARKET, BY APPLICATION 48
3.8 CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC, BY SYSTEM TYPE AND COUNTRY 49
4 MARKET OVERVIEW 50
4.1 INTRODUCTION 50
4.2 MARKET DYNAMICS 50
4.2.1 DRIVERS 51
4.2.1.1 Rising industrial gas consumption and data center expansion 51
4.2.1.2 Increasing investment in LNG projects to support clean energy transition 51

4.2.2 RESTRAINTS 52
4.2.2.1 High CAPEX and OPEX associated with cryogenic plants 52
4.2.2.2 Volatile raw material and metal prices 52
4.2.3 OPPORTUNITIES 53
4.2.3.1 Rising adoption of cryogenic fuels in space and advanced electronics applications 53
4.2.3.2 Increasing global hydrogen demand 53
4.2.4 CHALLENGES 54
4.2.4.1 Health hazards and environmental implications 54
4.2.4.2 Supply chain disruptions due to geopolitical tensions 54
4.3 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 55
4.4 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 56
5 INDUSTRY TRENDS 58
5.1 PORTER’S FIVE FORCES ANALYSIS 58
5.1.1 THREAT OF SUBSTITUTES 59
5.1.2 BARGAINING POWER OF SUPPLIERS 59
5.1.3 BARGAINING POWER OF BUYERS 59
5.1.4 THREAT OF NEW ENTRANTS 59
5.1.5 INTENSITY OF COMPETITIVE RIVALRY 60
5.2 MACROECONOMIC OUTLOOK 60
5.2.1 INTRODUCTION 60
5.2.1.1 Global energy investment trends 60
5.2.1.2 Hydrogen economy investment and capacity additions 60
5.2.1.3 Healthcare and life sciences expenditure 61
5.2.1.4 Tariffs, interest rates, and financing conditions 61
5.2.2 GDP TRENDS AND FORECAST 61
5.2.3 TRENDS IN GLOBAL SPACE INDUSTRY 63
5.2.4 TRENDS IN GLOBAL OIL & GAS INDUSTRY 63
5.3 SUPPLY CHAIN ANALYSIS 63
5.4 ECOSYSTEM ANALYSIS 65
5.5 TRADE ANALYSIS 66
5.5.1 EXPORT SCENARIO (HS CODE 280410) 66
5.5.2 IMPORT SCENARIO (HS CODE 280410) 68
5.5.3 EXPORT SCENARIO (HS CODE 280430) 69
5.5.4 IMPORT SCENARIO (HS CODE 280430) 70
5.5.5 EXPORT SCENARIO (HS CODE 280421) 71
5.5.6 IMPORT SCENARIO (HS CODE 280421) 72
5.5.7 EXPORT SCENARIO (HS CODE 280440) 73
5.5.8 IMPORT SCENARIO (HS CODE 280440) 74
5.5.9 EXPORT SCENARIO (HS CODE 271111) 75
5.5.10 IMPORT SCENARIO (HS CODE 271111) 76
5.6 CASE STUDY ANALYSIS 77
5.6.1 CRYOSTAR ADOPTS HEXAGON PPM SOLUTIONS TO IMPROVE CRYOGENIC PROJECT EFFICIENCY AND REDUCE REWORK 77
5.6.2 CES USES SOLIDWORKS PROFESSIONAL 3D DESIGN SOFTWARE TO ENHANCE CRYOGENIC EQUIPMENT DESIGN AND ACCURACY 77
5.6.3 SEMICONDUCTOR PLANT IN SINGAPORE INSTALLS ALCATRAZ INTERLOCKS’ MECHANICAL INTERLOCK SYSTEM TO ELIMINATE HUMAN ERROR IN CRYOGENIC VALVE OPERATIONS 78
5.7 KEY CONFERENCES AND EVENTS, 2026–2027 78
5.8 PRICING ANALYSIS 79
5.8.1 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT,
BY EQUIPMENT, 2020–2024 79
5.8.2 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT, BY REGION, 2020–2024 80
5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 81
5.10 INVESTMENT AND FUNDING SCENARIO 81
5.11 IMPACT OF 2025 US TARIFF – CRYOGENIC EQUIPMENT MARKET 82
5.11.1 INTRODUCTION 82
5.11.2 KEY TARIFF RATES 83
5.11.3 PRICE IMPACT ANALYSIS 84
5.11.4 IMPACT ON COUNTRIES/REGIONS 84
5.11.4.1 US 84
5.11.4.2 Europe 85
5.11.4.3 Asia Pacific 86
5.11.5 IMPACT ON END-USE INDUSTRIES 87
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACTS, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 88
6.1 KEY EMERGING TECHNOLOGIES 88
6.1.1 VACUUM-INSULATED/MULTI-LAYER CONTAINMENT AND THERMAL INSULATION SYSTEMS 88
6.1.2 CRYOGENIC VALVES AND LOW-TEMPERATURE ACTUATORS 88
6.2 COMPLEMENTARY TECHNOLOGIES 88
6.2.1 BOIL-OFF GAS (BOG) MANAGEMENT AND RELIQUEFACTION SYSTEMS 88
6.2.2 VACUUM PUMPS, INSULATION TESTING SYSTEMS, AND MAINTENANCE TOOLS 89
6.3 ADJACENT TECHNOLOGIES 89
6.3.1 LNG INFRASTRUCTURE (LIQUEFACTION, SHIPPING, AND REGASIFICATION) 89
6.3.2 HYDROGEN LIQUEFACTION AND LIQUID HYDROGEN STORAGE SYSTEMS 90
6.4 TECHNOLOGY/PRODUCT ROADMAP 90
6.5 PATENT ANALYSIS 94
6.6 FUTURE APPLICATIONS 95

6.7 IMPACT OF AI/GEN AI ON CRYOGENIC EQUIPMENT MARKET 97
6.7.1 TOP USE CASES AND MARKET POTENTIAL 98
6.7.2 BEST PRACTICES FOLLOWED BY OEMS IN CRYOGENIC EQUIPMENT MARKET 98
6.7.3 CASE STUDIES RELATED TO AI/GEN AI IMPLEMENTATION IN CRYOGENIC EQUIPMENT MARKET 99
6.7.4 INTERCONNECTED ECOSYSTEMS AND IMPACT ON MARKET PLAYERS 99
6.7.5 CLIENTS’ READINESS TO ADOPT AI/GEN AI IN CRYOGENIC EQUIPMENT MARKET 100
6.7.6 AI-ENABLED AUTONOMOUS OPTIMIZATION AND ADVANCED CONTROL OF LARGE-SCALE CRYOGENIC PLANTS 101
6.7.7 ENTERPRISE-WIDE PREDICTIVE MAINTENANCE AND AI-DRIVEN RELIABILITY FOR CRYOGENIC PRODUCTION ASSETS 101
6.7.8 DIGITAL TWIN AND PRESCRIPTIVE ANALYTICS FOR PERFORMANCE ENHANCEMENT OF CRYOGENIC ROTATING EQUIPMENT 101
7 REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES 102
7.1 REGIONAL REGULATIONS AND COMPLIANCE 102
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
7.1.2 INDUSTRY STANDARDS 105
7.2 SUSTAINABILITY INITIATIVES 106
7.2.1 BOIL-OFF GAS (BOG) CAPTURE AND RELIQUEFACTION 106
7.2.2 ENERGY-EFFICIENT LIQUEFACTION 106
7.2.3 LOW GLOBAL WARMING POTENTIAL (GWP) REFRIGERANT AND LEAK REDUCTION 106
7.3 IMPACT OF REGULATORY POLICY ON SUSTAINABILITY INITIATIVES 106
8 CUSTOMER LANDSCAPE AND BUYING BEHAVIOR 109
8.1 DECISION-MAKING PROCESS 109
8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND EVALUATION CRITERIA 110
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 110
8.2.2 BUYING CRITERIA 111
8.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES 111
8.4 UNMET NEEDS OF VARIOUS END-USE INDUSTRIES 112
8.5 MARKET PROFITABILITY 113
9 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT 114
9.1 INTRODUCTION 115
9.2 TANKS 117
9.2.1 EXPANDING LNG PRODUCTION, TRANSPORTATION, AND STORAGE INFRASTRUCTURE TO FUEL SEGMENTAL GROWTH 117
9.3 VALVES 119
9.3.1 RISING DEVELOPMENT OF HYDROGEN INFRASTRUCTURE AND INDUSTRIAL GAS PROCESSING FACILITIES TO SPUR DEMAND 119

9.4 VAPORIZERS 122
9.4.1 INCREASING INDUSTRIAL GAS CONSUMPTION AND TECHNOLOGICAL ADVANCES TO FOSTER SEGMENTAL GROWTH 122
9.5 PUMPS 124
9.5.1 RAPID EXPANSION OF LNG IMPORT AND EXPORT TERMINALS TO ACCELERATE SEGMENTAL GROWTH 124
9.6 OTHER EQUIPMENT 126
10 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN 129
10.1 INTRODUCTION 130
10.2 NITROGEN 131
10.2.1 INCREASING ELECTRONICS AND SEMICONDUCTOR MANUFACTURING TO FACILITATE SEGMENTAL GROWTH 131
10.3 ARGON 133
10.3.1 RAPID EXPANSION OF FABRICATION FACILITIES AND ADVANCED MANUFACTURING HUBS TO AUGMENT SEGMENTAL GROWTH 133
10.4 OXYGEN 134
10.4.1 INCREASING INVESTMENT IN LOW-CARBON INDUSTRIAL GAS TO CONTRIBUTE TO SEGMENTAL GROWTH 134
10.5 LNG 135
10.5.1 ENERGY SECURITY CONCERNS AND FUEL DIVERSIFICATION STRATEGIES TO FOSTER SEGMENTAL GROWTH 135
10.6 HYDROGEN 136
10.6.1 GROWING EMPHASIS ON NET-ZERO CARBON COMMITMENTS TO BOLSTER SEGMENTAL GROWTH 136
10.7 OTHER CRYOGENS 137
11 CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE 139
11.1 INTRODUCTION 140
11.2 STORAGE SYSTEMS 141
11.2.1 HIGH EMPHASIS ON EXPANDING LNG STORAGE CAPACITY TO ACCELERATE SEGMENTAL GROWTH 141
11.3 HANDLING SYSTEMS 143
11.3.1 RISING LNG TRADE VOLUMES AND TERMINAL UTILIZATION RATES TO FUEL SEGMENTAL GROWTH 143
11.4 SUPPLY SYSTEMS 144
11.4.1 MOUNTING ADOPTION OF ON-SITE AIR SEPARATION UNITS TO EXPEDITE SEGMENTAL GROWTH 144
11.5 OTHER SYSTEMS 145
12 CRYOGENIC EQUIPMENT MARKET, BY APPLICATION 147
12.1 INTRODUCTION 148
12.2 CASU 149
12.2.1 NEED FOR CONTINUOUS GENERATION OF INDUSTRIAL GASES TO CONTRIBUTE TO SEGMENTAL GROWTH 149
12.3 NON-CASU 149
12.3.1 RAIL & ROAD TRANSPORT INDUSTRY 151
12.3.1.1 Increasing merchant industrial gas distribution and healthcare oxygen logistics to drive market 151
12.3.2 LNG BULK CARRIER SHIPS 151
12.3.2.1 Rising global LNG trade and fleet expansion to bolster segmental growth 151
12.3.3 LNG REGASIFICATION & LIQUEFACTION TERMINALS 151
12.3.3.1 Rapid expansion of floating storage and regasification units to expedite segmental growth 151
12.3.4 OTHER MINOR END USES 152
13 CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY 153
13.1 INTRODUCTION 154
13.2 METALLURGY 155
13.2.1 REQUIREMENT FOR PRECISE REGULATION OF GAS FLOW AND TEMPERATURE TO AUGMENT SEGMENTAL GROWTH 155
13.3 ENERGY & POWER 157
13.3.1 STRONG FOCUS ON MAINTAINING ZERO-RESISTANCE CONDITIONS TO FOSTER SEGMENTAL GROWTH 157
13.4 CHEMICALS 159
13.4.1 HEAVY RELIANCE ON HIGH-PURITY INDUSTRIAL GASES TO CONTRIBUTE TO SEGMENTAL GROWTH 159
13.5 ELECTRONICS 161
13.5.1 NEED FOR CONTAMINATION-FREE ENVIRONMENTS FOR SEMICONDUCTOR MATERIAL FABRICATION TO DRIVE MARKET 161
13.6 TRANSPORTATION 163
13.6.1 SHIPPING 165
13.6.1.1 Expanding LNG bunkering networks and strict emission rules to augment segmental growth 165
13.6.2 RAIL & ROAD TRANSPORT 166
13.6.2.1 Long-haul decarbonization targets and fleet conversions to LNG and hydrogen to drive market 166
13.7 OTHER END-USE INDUSTRIES 166
14 CRYOGENIC EQUIPMENT MARKET, BY REGION 169
14.1 INTRODUCTION 170
14.2 ASIA PACIFIC 172
14.2.1 CHINA 178
14.2.1.1 Increasing LNG imports and large-scale industrial manufacturing to boost market growth 178
14.2.2 INDIA 179
14.2.2.1 Rapid industrialization and expanding healthcare infrastructure to drive market 179

14.2.3 AUSTRALIA 183
14.2.3.1 Rising LNG production and mining-linked industrial activity to augment market growth 183
14.2.4 JAPAN 184
14.2.4.1 Increasing investment in LNG infrastructure and hydrogen supply-chain demonstration projects to fuel market growth 184
14.2.5 MALAYSIA 185
14.2.5.1 Growing focus on upgrading gas storage and processing infrastructure to accelerate market growth 185
14.2.6 REST OF ASIA PACIFIC 186
14.3 EUROPE 188
14.3.1 RUSSIA 193
14.3.1.1 Increasing upgrade and replacement of legacy gas processing equipment to contribute to market growth 193
14.3.2 UK 194
14.3.2.1 Rising energy system innovation to accelerate market growth 194
14.3.3 GERMANY 195
14.3.3.1 Rapid modernization of healthcare infrastructure to bolster market growth 195
14.3.4 FRANCE 196
14.3.4.1 Heightened focus on energy transition and industrial gas adoption to augment market growth 196
14.3.5 REST OF EUROPE 197
14.4 NORTH AMERICA 198
14.4.1 US 203
14.4.1.1 Increasing LNG export and extensive natural gas processing network to foster market growth 203
14.4.2 CANADA 204
14.4.2.1 Growing emphasis on advanced pilot projects related to liquid hydrogen production and storage to drive market 204
14.4.3 MEXICO 205
14.4.3.1 Rising industrial gas consumption and energy infrastructure development to fuel market growth 205
14.5 MIDDLE EAST 206
14.5.1 GCC 211
14.5.1.1 Saudi Arabia 212
14.5.1.1.1 Expanding gas processing infrastructure and oil export to accelerate market growth 212
14.5.1.2 UAE 213
14.5.1.2.1 Strong focus on low-carbon initiatives and LNG capacity expansion projects to expedite market growth 213
14.5.1.3 Qatar 215
14.5.1.3.1 Growing emphasis on industrial diversification and low-carbon energy to boost market growth 215
14.5.1.4 Rest of GCC 216

14.5.2 REST OF MIDDLE EAST 217
14.6 AFRICA 218
14.6.1 SOUTH AFRICA 223
14.6.1.1 Increasing reliance on imported LNG and industrial gases to facilitate market growth 223
14.6.2 NIGERIA 224
14.6.2.1 Mounting production of natural gas to contribute to market growth 224
14.6.3 ALGERIA 225
14.6.3.1 Rising gas processing modernization and industrial gas consumption to foster market growth 225
14.6.4 REST OF AFRICA 226
14.7 SOUTH AMERICA 227
14.7.1 BRAZIL 232
14.7.1.1 Mounting demand for natural gas and industrialization to accelerate market growth 232
14.7.2 ARGENTINA 233
14.7.2.1 Increasing investment in shale gas development to boost market growth 233
14.7.3 VENEZUELA 234
14.7.3.1 Thriving oil & gas industry and recovery in hydrocarbon production to augment market growth 234
14.7.4 REST OF SOUTH AMERICA 235
15 COMPETITIVE LANDSCAPE 237
15.1 OVERVIEW 237
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025 237
15.3 MARKET SHARE ANALYSIS, 2024 239
15.4 REVENUE ANALYSIS, 2020–2024 242
15.5 BRAND COMPARISON 243
15.6 COMPANY VALUATION AND FINANCIAL MATRIX 244
15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 245
15.7.1 STARS 245
15.7.2 EMERGING LEADERS 245
15.7.3 PERVASIVE PLAYERS 245
15.7.4 PARTICIPANTS 245
15.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 247
15.7.5.1 Company footprint 247
15.7.5.2 Region footprint 248
15.7.5.3 Equipment footprint 249
15.7.5.4 Cryogen footprint 250
15.7.5.5 System type footprint 251
15.7.5.6 End-use industry footprint 252

15.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 253
15.8.1 PROGRESSIVE COMPANIES 253
15.8.2 RESPONSIVE COMPANIES 253
15.8.3 DYNAMIC COMPANIES 253
15.8.4 STARTING BLOCKS 253
15.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024 255
15.8.5.1 Detailed list of key startups/SMEs 255
15.8.5.2 Competitive benchmarking of key startups/SMEs 255
15.9 COMPETITIVE SCENARIO 256
15.9.1 PRODUCT LAUNCHES 256
15.9.2 DEALS 257
15.9.3 EXPANSIONS 258
15.9.4 OTHER DEVELOPMENTS 259
16 COMPANY PROFILES 261
16.1 KEY COMPANIES 261
16.1.1 AIR LIQUIDE 261
16.1.1.1 Business overview 261
16.1.1.2 Products/Solutions/Services offered 262
16.1.1.3 Recent developments 264
16.1.1.3.1 Developments 264
16.1.1.4 MnM view 265
16.1.1.4.1 Key strengths/Right to win 265
16.1.1.4.2 Strategic choices 265
16.1.1.4.3 Weaknesses/Competitive threats 265
16.1.2 CHART INDUSTRIES 266
16.1.2.1 Business overview 266
16.1.2.2 Products/Solutions/Services offered 267
16.1.2.3 Recent developments 269
16.1.2.3.1 Deals 269
16.1.2.3.2 Expansions 270
16.1.2.3.3 Other developments 270
16.1.2.4 MnM view 271
16.1.2.4.1 Key strengths/Right to win 271
16.1.2.4.2 Strategic choices 271
16.1.2.4.3 Weaknesses/Competitive threats 272
16.1.3 NIKKISO CO., LTD. 273
16.1.3.1 Business overview 273
16.1.3.2 Products/Solutions/Services offered 274

16.1.3.3 Recent developments 275
16.1.3.3.1 Deals 275
16.1.3.3.2 Expansions 276
16.1.3.3.3 Other developments 277
16.1.3.4 MnM view 278
16.1.3.4.1 Key strengths/Right to win 278
16.1.3.4.2 Strategic choices 278
16.1.3.4.3 Weaknesses/Competitive threats 278
16.1.4 AIR PRODUCTS AND CHEMICALS, INC. 279
16.1.4.1 Business overview 279
16.1.4.2 Products/Solutions/Services offered 280
16.1.4.3 Recent developments 282
16.1.4.3.1 Deals 282
16.1.4.3.2 Expansions 283
16.1.4.3.3 Other developments 283
16.1.4.4 MnM view 284
16.1.4.4.1 Key strengths/Right to win 284
16.1.4.4.2 Strategic choices 284
16.1.4.4.3 Weaknesses/Competitive threats 284
16.1.5 LINDE PLC 285
16.1.5.1 Business overview 285
16.1.5.2 Products/Solutions/Services offered 286
16.1.5.3 Recent developments 289
16.1.5.3.1 Deals 289
16.1.5.3.2 Other developments 289
16.1.5.4 MnM view 289
16.1.5.4.1 Key strengths/Right to win 289
16.1.5.4.2 Strategic choices 290
16.1.5.4.3 Weaknesses/Competitive threats 290
16.1.6 PARKER HANNIFIN CORP 291
16.1.6.1 Business overview 291
16.1.6.2 Products/Solutions/Services offered 292
16.1.6.3 Recent developments 295
16.1.6.3.1 Product Launches 295
16.1.6.4 MnM view 295
16.1.6.4.1 Key strengths/Right to win 295
16.1.6.4.2 Strategic choices 296
16.1.6.4.3 Weaknesses/Competitive threats 296
16.1.7 FLOWSERVE CORPORATION 297
16.1.7.1 Business overview 297
16.1.7.2 Products/Solutions/Services offered 298

16.1.7.3 Recent developments 300
16.1.7.3.1 Deals 300
16.1.7.3.2 Other developments 301
16.1.7.4 MnM view 302
16.1.7.4.1 Key strengths/Right to win 302
16.1.7.4.2 Strategic choices 302
16.1.7.4.3 Weaknesses/Competitive threats 302
16.1.8 INOX INDIA LIMITED 303
16.1.8.1 Business overview 303
16.1.8.2 Products/Solutions/Services offered 304
16.1.8.3 Recent developments 306
16.1.8.3.1 Deals 306
16.1.8.3.2 Other developments 306
16.1.8.4 MnM view 307
16.1.8.4.1 Key strengths/Right to win 307
16.1.8.4.2 Strategic choices 307
16.1.8.4.3 Weaknesses/Competitive threats 307
16.1.9 EMERSON ELECTRIC CO. 308
16.1.9.1 Business overview 308
16.1.9.2 Products/Solutions/Services offered 309
16.1.9.3 Recent developments 311
16.1.9.3.1 Expansions 311
16.1.10 ALFA LAVAL 312
16.1.10.1 Business overview 312
16.1.10.2 Products/Solutions/Services offered 314
16.1.10.3 Recent developments 315
16.1.10.3.1 Deals 315
16.1.11 TAYLOR-WHARTON 316
16.1.11.1 Business overview 316
16.1.11.2 Products/Solutions/Services offered 316
16.1.11.3 Recent developments 318
16.1.11.3.1 Deals 318
16.1.12 SULZER LTD 319
16.1.12.1 Business overview 319
16.1.12.2 Products/Solutions/Services offered 320
16.1.12.3 Recent developments 321
16.1.12.3.1 Deals 321
16.1.12.3.2 Expansions 321
16.1.12.3.3 Other developments 322
16.1.13 OPW 323
16.1.13.1 Business overview 323
16.1.13.2 Products/Solutions/Services offered 323
16.1.13.3 Recent developments 325
16.1.13.3.1 Deals 325
16.1.14 BAKER HUGHES COMPANY 326
16.1.14.1 Business overview 326
16.1.14.2 Products/Solutions/Services offered 327
16.1.14.3 Recent developments 331
16.1.14.3.1 Expansions 331
16.1.14.3.2 Other developments 331
16.1.15 SLB 332
16.1.15.1 Business overview 332
16.1.15.2 Products/Solutions/Services offered 333
16.2 OTHER PLAYERS 335
16.2.1 SHI CRYOGENICS GROUP 335
16.2.2 TRILLIUM FLOW TECHNOLOGIES 336
16.2.3 PHPK TECHNOLOGIES 337
16.2.4 SHELL-N-TUBE 338
16.2.5 HEROSE 339
16.2.6 CRYOFAB, INC. 340
16.2.7 CRYOSPAIN 341
16.2.8 WESSINGTON CRYOGENICS 342
16.2.9 CYY ENERGY 343
16.2.10 CRYOGAS EQUIPMENT PRIVATE LIMITED 344
17 RESEARCH METHODOLOGY 345
17.1 RESEARCH DATA 345
17.1.1 SECONDARY AND PRIMARY RESEARCH 346
17.1.2 SECONDARY DATA 346
17.1.2.1 List of key secondary sources 346
17.1.2.2 Key data from secondary sources 347
17.1.3 PRIMARY DATA 347
17.1.3.1 List of primary interview participants 347
17.1.3.2 Key industry insights 348
17.1.3.3 Breakdown of primaries 348
17.1.3.4 Key data from primary sources 349
17.2 MARKET SIZE ESTIMATION 350
17.2.1 BOTTOM-UP APPROACH 350
17.2.2 TOP-DOWN APPROACH 351
17.2.3 MARKET SIZE CALCULATION FOR BASE YEAR 352
17.2.3.1 Demand-side analysis 352
17.2.3.1.1 Demand-side assumptions 352
17.2.3.1.2 Demand-side calculations 353

17.2.3.2 Supply-side analysis 353
17.2.3.2.1 Supply-side assumptions 354
17.2.3.2.2 Supply-side calculations 354
17.3 FORECAST 355
17.4 DATA TRIANGULATION 356
17.5 FACTOR ANALYSIS 357
17.6 RESEARCH LIMITATIONS 357
17.7 RISK ANALYSIS 358
18 APPENDIX 359
18.1 INSIGHTS FROM INDUSTRY EXPERTS 359
18.2 DISCUSSION GUIDE 359
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 364
18.4 CUSTOMIZATION OPTIONS 366
18.5 RELATED REPORTS 366
18.6 AUTHOR DETAILS 367

LIST OF TABLES

TABLE 1 CRYOGENIC EQUIPMENT MARKET: INCLUSIONS AND EXCLUSIONS 34
TABLE 2 CRYOGENIC EQUIPMENT MARKET: SUMMARY OF CHANGES 37
TABLE 3 INTERCONNECTED MARKETS 55
TABLE 4 STRATEGIC FOCUS OF TIER-1/2/3 PLAYERS 56
TABLE 5 IMPACT OF PORTER’S FIVE FORCES 59
TABLE 6 GDP PERCENTAGE CHANGE, BY COUNTRY, 2021–2029 61
TABLE 7 ROLE OF COMPANIES IN CRYOGENIC EQUIPMENT ECOSYSTEM 66
TABLE 8 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 67
TABLE 9 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 68
TABLE 10 EXPORT DATA FOR HS CODE 280430-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 69
TABLE 11 IMPORT DATA FOR HS CODE 280430-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 70
TABLE 12 EXPORT DATA FOR HS CODE 280421-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 71
TABLE 13 IMPORT DATA FOR HS CODE 280421-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 72
TABLE 14 EXPORT DATA FOR HS CODE 280440-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 73
TABLE 15 IMPORT DATA FOR HS CODE 280440-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 74
TABLE 16 EXPORT DATA FOR HS CODE 271111-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 75
TABLE 17 IMPORT DATA FOR HS CODE 271111-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 76
TABLE 18 LIST OF KEY CONFERENCES AND EVENTS, 2026–2027 78
TABLE 19 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT, BY EQUIPMENT, 2020–2024 (USD THOUSAND/UNIT) 79
TABLE 20 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT, BY REGION,
2020–2024 (USD THOUSAND/UNIT) 80
TABLE 21 US-ADJUSTED RECIPROCAL TARIFF RATES 83
TABLE 22 EXPECTED CHANGE IN PRICES AND POTENTIAL IMPACT ON MARKET PLAYERS
DUE TO TARIFFS 84
TABLE 23 LIST OF KEY PATENTS, MAY 2023–DECEMBER 2025 95
TABLE 24 FUTURE APPLICATIONS: HYDROGEN INFRASTRUCTURE 96
TABLE 25 FUTURE APPLICATIONS: LNG & CLEAN ENERGY LOGISTICS 96
TABLE 26 FUTURE APPLICATIONS: INDUSTRIAL GAS & PROCESS INDUSTRIES 96
TABLE 27 FUTURE APPLICATIONS: HEALTHCARE & LIFE SCIENCES 97
TABLE 28 FUTURE APPLICATIONS: SPACE, AEROSPACE & ADVANCED MOBILITY 97
TABLE 29 KEY USE CASES AND MARKET POTENTIAL 98
TABLE 30 BEST PRACTICES FOLLOWED BY MAJOR COMPANIES 98
TABLE 31 CASE STUDIES RELATED TO AI/GEN AI IMPLEMENTATION 99
TABLE 32 INTERCONNECTED ECOSYSTEMS AND IMPACT ON PLAYERS IN CRYOGENIC EQUIPMENT MARKET 99
TABLE 33 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
TABLE 34 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
TABLE 35 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 36 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 104
TABLE 37 AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 104
TABLE 38 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 105
TABLE 39 INDUSTRY STANDARDS RELATED TO CRYOGENIC EQUIPMENT MARKET 105
TABLE 40 RELEVANT STANDARDS 107
TABLE 41 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%) 110
TABLE 42 KEY BUYING CRITERIA FOR END-USE INDUSTRIES 111
TABLE 43 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2020–2024 (USD MILLION) 116
TABLE 44 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT, 2025–2030 (USD MILLION) 116
TABLE 45 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 116
TABLE 46 CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 117
TABLE 47 TANKS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 118
TABLE 48 TANKS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 118
TABLE 49 TANKS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (THOUSAND UNITS) 119
TABLE 50 TANKS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (THOUSAND UNITS) 119
TABLE 51 VALVES: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 120
TABLE 52 VALVES: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 120
TABLE 53 VALVES: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (THOUSAND UNITS) 121
TABLE 54 VALVES: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (THOUSAND UNITS) 121
TABLE 55 VAPORIZERS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 122
TABLE 56 VAPORIZERS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 123
TABLE 57 VAPORIZERS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (THOUSAND UNITS) 123
TABLE 58 VAPORIZERS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (THOUSAND UNITS) 123
TABLE 59 PUMPS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 124
TABLE 60 PUMPS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 125
TABLE 61 PUMPS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (THOUSAND UNITS) 125
TABLE 62 PUMPS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (THOUSAND UNITS) 126
TABLE 63 OTHER EQUIPMENT: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 126
TABLE 64 OTHER EQUIPMENT: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 127
TABLE 65 OTHER EQUIPMENT: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (THOUSAND UNITS) 127
TABLE 66 OTHER EQUIPMENT: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (THOUSAND UNITS) 128
TABLE 67 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2020–2024 (USD MILLION) 131
TABLE 68 CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2025–2030 (USD MILLION) 131
TABLE 69 NITROGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 132
TABLE 70 NITROGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 132
TABLE 71 ARGON: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 133
TABLE 72 ARGON: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 133
TABLE 73 OXYGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 134
TABLE 74 OXYGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 134
TABLE 75 LNG: CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2024 (USD MILLION) 135
TABLE 76 LNG: CRYOGENIC EQUIPMENT MARKET, BY REGION, 2025–2030 (USD MILLION) 136
TABLE 77 HYDROGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 136
TABLE 78 HYDROGEN: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 137
TABLE 79 OTHER CRYOGENS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 137
TABLE 80 OTHER CRYOGENS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 138
TABLE 81 CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2020–2024 (USD MILLION) 141
TABLE 82 CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE, 2025–2030 (USD MILLION) 141
TABLE 83 STORAGE SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 142
TABLE 84 STORAGE SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 142
TABLE 85 HANDLING SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 143
TABLE 86 HANDLING SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 144
TABLE 87 SUPPLY SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 145
TABLE 88 SUPPLY SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 145
TABLE 89 OTHER SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 146
TABLE 90 OTHER SYSTEMS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 146
TABLE 91 CRYOGENIC EQUIPMENT MARKET, BY APPLICATION, 2020–2024 (USD MILLION) 149
TABLE 92 CRYOGENIC EQUIPMENT MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 149
TABLE 93 NON-CASU: CRYOGENIC EQUIPMENT MARKET, BY END USE,
2020–2024 (USD MILLION) 150
TABLE 94 NON-CASU: CRYOGENIC EQUIPMENT MARKET, BY END USE,
2025–2030 (USD MILLION) 150
TABLE 95 CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 154
TABLE 96 CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 155
TABLE 97 METALLURGY: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 156
TABLE 98 METALLURGY: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 156
TABLE 99 METALLURGY: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 156
TABLE 100 METALLURGY: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 157
TABLE 101 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 158
TABLE 102 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 158
TABLE 103 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 158
TABLE 104 ENERGY & POWER: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 159
TABLE 105 CHEMICALS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 160
TABLE 106 CHEMICALS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 160
TABLE 107 CHEMICALS: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 161
TABLE 108 CHEMICALS: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 161
TABLE 109 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 162
TABLE 110 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 162
TABLE 111 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 163
TABLE 112 ELECTRONICS: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 163
TABLE 113 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2020–2024 (USD MILLION) 164
TABLE 114 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY REGION,
2025–2030 (USD MILLION) 164
TABLE 115 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 165
TABLE 116 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 165
TABLE 117 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY TRANSPORT TYPE, 2020–2024 (USD MILLION) 166
TABLE 118 TRANSPORTATION: CRYOGENIC EQUIPMENT MARKET, BY TRANSPORT TYPE, 2025–2030 (USD MILLION) 166
TABLE 119 OTHER END-USE INDUSTRIES: CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2024 (USD MILLION) 167
TABLE 120 OTHER END-USE INDUSTRIES: CRYOGENIC EQUIPMENT MARKET, BY REGION, 2025–2030 (USD MILLION) 167
TABLE 121 OTHER END-USE INDUSTRIES: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2020–2024 (USD MILLION) 168
TABLE 122 OTHER END-USE INDUSTRIES: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN, 2025–2030 (USD MILLION) 168
TABLE 123 CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2024 (USD MILLION) 171
TABLE 124 CRYOGENIC EQUIPMENT MARKET, BY REGION, 2025–2030 (USD MILLION) 171
TABLE 125 CRYOGENIC EQUIPMENT MARKET, BY REGION, 2020–2024 (THOUSAND UNITS) 172
TABLE 126 CRYOGENIC EQUIPMENT MARKET, BY REGION, 2025–2030 (THOUSAND UNITS) 172
TABLE 127 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 173
TABLE 128 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 174
TABLE 129 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 174
TABLE 130 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 174
TABLE 131 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 175
TABLE 132 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 175
TABLE 133 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 175
TABLE 134 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 176
TABLE 135 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 176
TABLE 136 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 176
TABLE 137 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2020–2024 (USD MILLION) 177
TABLE 138 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 177
TABLE 139 CHINA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 178
TABLE 140 CHINA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 179
TABLE 141 INDIA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 179
TABLE 142 INDIA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 180
TABLE 143 INDIA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 180
TABLE 144 INDIA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 180
TABLE 145 INDIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 181
TABLE 146 INDIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 181
TABLE 147 INDIA: CRYOGENIC EQUIPMENT MARKET, BY APPLICATION,
2020–2024 (USD MILLION) 181
TABLE 148 INDIA: CRYOGENIC EQUIPMENT MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 182
TABLE 149 INDIA: CRYOGENIC EQUIPMENT MARKET, BY NON-CASU APPLICATION,
2020–2024 (USD MILLION) 182
TABLE 150 INDIA: CRYOGENIC EQUIPMENT MARKET, BY NON-CASU APPLICATION,
2025–2030 (USD MILLION) 182
TABLE 151 AUSTRALIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 183
TABLE 152 AUSTRALIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 183
TABLE 153 JAPAN: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 184
TABLE 154 JAPAN: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 184
TABLE 155 MALAYSIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 185
TABLE 156 MALAYSIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 186
TABLE 157 REST OF ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 186
TABLE 158 REST OF ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 187
TABLE 159 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 189
TABLE 160 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 189
TABLE 161 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 189
TABLE 162 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 190
TABLE 163 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 190
TABLE 164 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 190
TABLE 165 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 191
TABLE 166 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 191
TABLE 167 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 191
TABLE 168 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 192
TABLE 169 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2020–2024 (USD MILLION) 192
TABLE 170 EUROPE: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 192
TABLE 171 RUSSIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 193
TABLE 172 RUSSIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 194
TABLE 173 UK: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 194
TABLE 174 UK: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 195
TABLE 175 GERMANY: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 195
TABLE 176 GERMANY: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 196
TABLE 177 FRANCE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 196
TABLE 178 FRANCE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 197
TABLE 179 REST OF EUROPE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 197
TABLE 180 REST OF EUROPE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 198
TABLE 181 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 199
TABLE 182 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 199
TABLE 183 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 199
TABLE 184 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 200
TABLE 185 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 200
TABLE 186 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 200
TABLE 187 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 201
TABLE 188 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 201
TABLE 189 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 201
TABLE 190 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 202
TABLE 191 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2020–2024 (USD MILLION) 202
TABLE 192 NORTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 202
TABLE 193 US: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 203
TABLE 194 US: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 204
TABLE 195 CANADA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 204
TABLE 196 CANADA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 205
TABLE 197 MEXICO: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 205
TABLE 198 MEXICO: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 206
TABLE 199 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 207
TABLE 200 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 207
TABLE 201 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 207
TABLE 202 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 208
TABLE 203 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 208
TABLE 204 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 208
TABLE 205 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 209
TABLE 206 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 209
TABLE 207 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 209
TABLE 208 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 210
TABLE 209 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2020–2024 (USD MILLION) 210
TABLE 210 MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 210
TABLE 211 GCC: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 211
TABLE 212 GCC: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 212
TABLE 213 SAUDI ARABIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 213
TABLE 214 SAUDI ARABIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 213
TABLE 215 UAE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 214
TABLE 216 UAE: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 214
TABLE 217 QATAR: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 215
TABLE 218 QATAR: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 216
TABLE 219 REST OF GCC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 216
TABLE 220 REST OF GCC: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 217
TABLE 221 REST OF MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 217
TABLE 222 REST OF MIDDLE EAST: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 218
TABLE 223 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 219
TABLE 224 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 219
TABLE 225 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 219
TABLE 226 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 220
TABLE 227 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 220
TABLE 228 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 220
TABLE 229 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 221
TABLE 230 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 221
TABLE 231 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 221
TABLE 232 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 222
TABLE 233 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2020–2024 (USD MILLION) 222
TABLE 234 AFRICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 222
TABLE 235 SOUTH AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 223
TABLE 236 SOUTH AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 223
TABLE 237 NIGERIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 224
TABLE 238 NIGERIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 225
TABLE 239 ALGERIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 225
TABLE 240 ALGERIA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 226
TABLE 241 REST OF AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 226
TABLE 242 REST OF AFRICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 227
TABLE 243 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (USD MILLION) 228
TABLE 244 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (USD MILLION) 228
TABLE 245 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2020–2024 (THOUSAND UNITS) 228
TABLE 246 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY EQUIPMENT,
2025–2030 (THOUSAND UNITS) 229
TABLE 247 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2020–2024 (USD MILLION) 229
TABLE 248 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY CRYOGEN,
2025–2030 (USD MILLION) 229
TABLE 249 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 230
TABLE 250 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 230
TABLE 251 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2020–2024 (USD MILLION) 230
TABLE 252 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY SYSTEM TYPE,
2025–2030 (USD MILLION) 231
TABLE 253 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 231
TABLE 254 SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 231
TABLE 255 BRAZIL: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 232
TABLE 256 BRAZIL: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 232
TABLE 257 ARGENTINA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 233
TABLE 258 ARGENTINA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 234
TABLE 259 VENEZUELA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2020–2024 (USD MILLION) 234
TABLE 260 VENEZUELA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 235
TABLE 261 REST OF SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2020–2024 (USD MILLION) 235
TABLE 262 REST OF SOUTH AMERICA: CRYOGENIC EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 236
TABLE 263 CRYOGENIC EQUIPMENT MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, JANUARY 2021–DECEMBER 2025 237
TABLE 264 CRYOGENIC EQUIPMENT MARKET: DEGREE OF COMPETITION, 2024 239
TABLE 265 CRYOGENIC EQUIPMENT MARKET: REGION FOOTPRINT 248
TABLE 266 CRYOGENIC EQUIPMENT MARKET: EQUIPMENT FOOTPRINT 249
TABLE 267 CRYOGENIC EQUIPMENT MARKET: CRYOGEN FOOTPRINT 250
TABLE 268 CRYOGENIC EQUIPMENT MARKET: SYSTEM TYPE FOOTPRINT 251
TABLE 269 CRYOGENIC EQUIPMENT MARKET: END-USE INDUSTRY FOOTPRINT 252
TABLE 270 CRYOGENIC EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 255
TABLE 271 CRYOGENIC EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 255
TABLE 272 CRYOGENIC EQUIPMENT MARKET: PRODUCT LAUNCHES,
JANUARY 2021– DECEMBER 2025 256
TABLE 273 CRYOGENIC EQUIPMENT MARKET: DEALS, JANUARY 2021–DECEMBER 2025 257
TABLE 274 CRYOGENIC EQUIPMENT MARKET: EXPANSIONS, JANUARY 2021–
DECEMBER 2025 258
TABLE 275 CRYOGENIC EQUIPMENT MARKET: OTHER DEVELOPMENTS,
JANUARY 2021–DECEMBER 2025 259
TABLE 276 AIR LIQUIDE: COMPANY OVERVIEW 261
TABLE 277 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 278 AIR LIQUIDE: DEVELOPMENTS 264
TABLE 279 CHART INDUSTRIES: COMPANY OVERVIEW 266
TABLE 280 CHART INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 281 CHART INDUSTRIES: DEALS 269
TABLE 282 CHART INDUSTRIES: EXPANSIONS 270
TABLE 283 CHART INDUSTRIES: OTHER DEVELOPMENTS 270
TABLE 284 NIKKISO CO., LTD.: COMPANY OVERVIEW 273
TABLE 285 NIKKISO CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 286 NIKKISO CO., LTD.: DEALS 275
TABLE 287 NIKKISO CO., LTD.: EXPANSIONS 276
TABLE 288 NIKKISO CO., LTD.: OTHER DEVELOPMENTS 277
TABLE 289 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW 279
TABLE 290 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 280
TABLE 291 AIR PRODUCTS AND CHEMICALS, INC.: DEALS 282
TABLE 292 AIR PRODUCTS AND CHEMICALS, INC.: EXPANSIONS 283
TABLE 293 AIR PRODUCTS AND CHEMICALS, INC.: OTHER DEVELOPMENTS 283
TABLE 294 LINDE PLC: COMPANY OVERVIEW 285
TABLE 295 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
TABLE 296 LINDE PLC: DEALS 289
TABLE 297 LINDE PLC: OTHER DEVELOPMENTS 289
TABLE 298 PARKER HANNIFIN CORP: COMPANY OVERVIEW 291
TABLE 299 PARKER HANNIFIN CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 292
TABLE 300 PARKER HANNIFIN CORP: PRODUCT LAUNCHES 295
TABLE 301 FLOWSERVE CORPORATION: COMPANY OVERVIEW 297
TABLE 302 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
TABLE 303 FLOWSERVE CORPORATION: DEALS 300
TABLE 304 FLOWSERVE CORPORATION: OTHER DEVELOPMENTS 301
TABLE 305 INOX INDIA LIMITED: COMPANY OVERVIEW 303
TABLE 306 INOX INDIA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 304
TABLE 307 INOX INDIA LIMITED: DEALS 306
TABLE 308 INOX INDIA LIMITED: OTHER DEVELOPMENTS 306
TABLE 309 EMERSON ELECTRIC CO.: COMPANY OVERVIEW 308
TABLE 310 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 311 EMERSON ELECTRIC CO.: EXPANSIONS 311
TABLE 312 ALFA LAVAL: COMPANY OVERVIEW 312
TABLE 313 ALFA LAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 314
TABLE 314 ALFA LAVAL: DEALS 315
TABLE 315 TAYLOR-WHARTON: COMPANY OVERVIEW 316
TABLE 316 TAYLOR-WHARTON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 316
TABLE 317 TAYLOR-WHARTON: DEALS 318
TABLE 318 SULZER LTD: COMPANY OVERVIEW 319
TABLE 319 SULZER LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 320
TABLE 320 SULZER LTD: DEALS 321
TABLE 321 SULZER LTD: EXPANSIONS 321
TABLE 322 SULZER LTD: OTHER DEVELOPMENTS 322
TABLE 323 OPW: COMPANY OVERVIEW 323
TABLE 324 OPW: PRODUCTS/SOLUTIONS/SERVICES OFFERED 323
TABLE 325 OPW: DEALS 325
TABLE 326 BAKER HUGHES COMPANY: COMPANY OVERVIEW 326
TABLE 327 BAKER HUGHES COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 327
TABLE 328 BAKER HUGHES COMPANY: EXPANSIONS 331
TABLE 329 BAKER HUGHES COMPANY: OTHER DEVELOPMENTS 331
TABLE 330 SLB: COMPANY OVERVIEW 332
TABLE 331 SLB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 333
TABLE 332 SHI CRYOGENICS GROUP: COMPANY OVERVIEW 335
TABLE 333 TRILLIUM FLOW TECHNOLOGIES: COMPANY OVERVIEW 336
TABLE 334 PHPK TECHNOLOGIES: COMPANY OVERVIEW 337
TABLE 335 SHELL-N-TUBE: COMPANY OVERVIEW 338
TABLE 336 HEROSE: COMPANY OVERVIEW 339
TABLE 337 CRYOFAB, INC.: COMPANY OVERVIEW 340
TABLE 338 CRYOSPAIN: COMPANY OVERVIEW 341
TABLE 339 WESSINGTON CRYOGENICS: COMPANY OVERVIEW 342
TABLE 340 CYY ENERGY: COMPANY OVERVIEW 343
TABLE 341 CRYOGAS EQUIPMENT PRIVATE LIMITED: COMPANY OVERVIEW 344
TABLE 342 MAJOR SECONDARY SOURCES 346
TABLE 343 PRIMARY INTERVIEW PARTICIPANTS 347
TABLE 344 DATA CAPTURED FROM PRIMARY SOURCES 349
TABLE 345 CRYOGENIC EQUIPMENT MARKET: RISK ANALYSIS 358

LIST OF FIGURES

FIGURE 1 CRYOGENIC EQUIPMENT MARKET SEGMENTATION AND REGIONAL SCOPE 33
FIGURE 2 CRYOGENIC EQUIPMENT MARKET: DURATION CONSIDERED 34
FIGURE 3 CRYOGENIC EQUIPMENT MARKET SCENARIO 40
FIGURE 4 GLOBAL CRYOGENIC EQUIPMENT MARKET SIZE, 2020–2030 40
FIGURE 5 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN CRYOGENIC EQUIPMENT MARKET, 2021–2025 41
FIGURE 6 DISRUPTIONS IMPACTING GROWTH OF CRYOGENIC EQUIPMENT MARKET 42
FIGURE 7 HIGH-GROWTH SEGMENTS IN CRYOGENIC EQUIPMENT MARKET, 2025–2030 43
FIGURE 8 ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 44
FIGURE 9 HEIGHTENED FOCUS ON DECARBONIZATION, ENERGY SECURITY, AND LOW-CARBON GAS INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 45
FIGURE 10 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN CRYOGENIC EQUIPMENT MARKET FROM 2025 TO 2030 46
FIGURE 11 STORAGE SYSTEMS SEGMENT TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2030 46
FIGURE 12 NITROGEN SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2030 47
FIGURE 13 TANKS SEGMENT TO HOLD LARGEST SHARE OF CRYOGENIC EQUIPMENT MARKET IN 2030 47
FIGURE 14 METALLURGY SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2030 48
FIGURE 15 CASU SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2030 48
FIGURE 16 STORAGE SYSTEMS SEGMENT AND CHINA HELD LARGEST SHARES OF
CRYOGENIC EQUIPMENT MARKET IN ASIA PACIFIC IN 2025 49
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
FIGURE 18 GLOBAL LNG DEMAND IN SHIPPING SECTOR, 2022–2025 52
FIGURE 19 INVESTMENT IN ELECTROLYZERS FOR GREEN HYDROGEN PRODUCTION,
2021–2025 54
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 58
FIGURE 21 CRYOGENIC EQUIPMENT SUPPLY CHAIN ANALYSIS 64
FIGURE 22 CRYOGENIC EQUIPMENT ECOSYSTEM 65
FIGURE 23 EXPORT SCENARIO FOR HS CODE 280410-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 67
FIGURE 24 IMPORT SCENARIO FOR HS CODE 280410-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 68
FIGURE 25 EXPORT SCENARIO FOR HS CODE 280430-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 69
FIGURE 26 IMPORT SCENARIO FOR HS CODE 280410-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 70
FIGURE 27 EXPORT SCENARIO FOR HS CODE 280421-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 71
FIGURE 28 IMPORT SCENARIO FOR HS CODE 280421-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 72
FIGURE 29 EXPORT SCENARIO FOR HS CODE 280440-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 73
FIGURE 30 IMPORT SCENARIO FOR HS CODE 280440-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 74
FIGURE 31 EXPORT SCENARIO FOR HS CODE 271111-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 75
FIGURE 32 IMPORT SCENARIO FOR HS CODE 271111-COMPLIANT PRODUCTS IN TOP FIVE COUNTRIES, 2022–2024 (USD THOUSAND) 76
FIGURE 33 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT, 2020–2024 79
FIGURE 34 AVERAGE SELLING PRICE TREND OF CRYOGENIC EQUIPMENT MARKET IN KEY REGIONS, 2020–2024 80
FIGURE 35 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 81
FIGURE 36 INVESTMENT AND FUNDING SCENARIO, 2024 82
FIGURE 37 PATENTS GRANTED AND APPLIED, 2016–2025 94
FIGURE 38 FUTURE APPLICATIONS OF CRYOGENIC EQUIPMENT 95
FIGURE 39 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 100
FIGURE 40 DECISION-MAKING FACTORS 109
FIGURE 41 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 110
FIGURE 42 KEY BUYING CRITERIA, BY END-USE INDUSTRY 111
FIGURE 43 TANKS SEGMENT CAPTURED LARGEST SHARE OF CRYOGENIC EQUIPMENT MARKET IN 2025 115
FIGURE 44 NITROGEN SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2025 130
FIGURE 45 STORAGE SYSTEMS SEGMENT HELD LARGEST SHARE OF CRYOGENIC EQUIPMENT MARKET IN 2025 140
FIGURE 46 CASU SEGMENT TO HOLD LARGER SHARE OF CRYOGENIC EQUIPMENT
MARKET IN 2025 148
FIGURE 47 METALLURGY SEGMENT CAPTURED LARGEST MARKET SHARE IN 2025 154
FIGURE 48 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD 170
FIGURE 49 ASIA PACIFIC HELD LARGEST SHARE OF CRYOGENIC EQUIPMENT
MARKET IN 2025 171
FIGURE 50 ASIA PACIFIC: CRYOGENIC EQUIPMENT MARKET SNAPSHOT 173
FIGURE 51 EUROPE: CRYOGENIC EQUIPMENT MARKET SNAPSHOT 188
FIGURE 52 MARKET SHARE ANALYSIS OF COMPANIES OFFERING CRYOGENIC
EQUIPMENT, 2024 240
FIGURE 53 CRYOGENIC EQUIPMENT MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 242
FIGURE 54 BRAND COMPARISON 243
FIGURE 55 COMPANY VALUATION 244
FIGURE 56 FINANCIAL MATRIX (EV/EBITDA) 244
FIGURE 57 CRYOGENIC EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 246
FIGURE 58 CRYOGENIC EQUIPMENT MARKET: COMPANY FOOTPRINT 247
FIGURE 59 CRYOGENIC EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 254
FIGURE 60 AIR LIQUIDE: COMPANY SNAPSHOT 262
FIGURE 61 CHART INDUSTRIES: COMPANY SNAPSHOT 267
FIGURE 62 NIKKISO CO., LTD.: COMPANY SNAPSHOT 274
FIGURE 63 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 280
FIGURE 64 LINDE PLC: COMPANY SNAPSHOT 286
FIGURE 65 PARKER HANNIFIN CORP: COMPANY SNAPSHOT 292
FIGURE 66 FLOWSERVE CORPORATION: COMPANY SNAPSHOT 298
FIGURE 67 INOX INDIA LIMITED: COMPANY SNAPSHOT 304
FIGURE 68 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 309
FIGURE 69 ALFA LAVAL: COMPANY SNAPSHOT 313
FIGURE 70 SULZER LTD: COMPANY SNAPSHOT 320
FIGURE 71 BAKER HUGHES COMPANY: COMPANY SNAPSHOT 327
FIGURE 72 SLB: COMPANY SNAPSHOT 333
FIGURE 73 CRYOGENIC EQUIPMENT MARKET: RESEARCH DESIGN 345
FIGURE 74 DATA CAPTURED FROM SECONDARY SOURCES 347
FIGURE 75 CORE FINDINGS FROM INDUSTRY EXPERTS 348
FIGURE 76 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,
DESIGNATION, AND REGION 348
FIGURE 77 CRYOGENIC EQUIPMENT MARKET: BOTTOM-UP APPROACH 350
FIGURE 78 CRYOGENIC EQUIPMENT MARKET: TOP-DOWN APPROACH 351
FIGURE 79 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR CRYOGENIC EQUIPMENT 352
FIGURE 80 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF CRYOGENIC EQUIPMENT 353
FIGURE 81 CRYOGENIC EQUIPMENT MARKET: SUPPLY-SIDE ANALYSIS 354
FIGURE 82 INDUSTRY CONCENTRATION, 2024 355
FIGURE 83 CRYOGENIC EQUIPMENT MARKET: DATA TRIANGULATION 356
FIGURE 84 CRYOGENIC EQUIPMENT MARKET: FACTOR ANALYSIS 357
FIGURE 85 CRYOGENIC EQUIPMENT MARKET: RESEARCH LIMITATIONS 357
FIGURE 86 CRYOGENIC EQUIPMENT MARKET: INSIGHTS FROM INDUSTRY EXPERTS 359

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