US Cryogenic Pump Market Research Report: By Type (Centrifugal, Positive Displacement) and By End User (Energy & Power, Chemicals, Metallurgy, Oil & Gas, Electronics, Others) - Forecast to 2035

US Cryogenic Pump Market Overview:

As per MRFR analysis, the US Cryogenic Pump Market Size was estimated at 535.82 (USD Million) in 2023. The US Cryogenic Pump Market Industry is expected to grow from 561.25(USD Million) in 2024 to 1,569 (USD Million) by 2035. The US Cryogenic Pump Market CAGR (growth rate) is expected to be around 9.796% during the forecast period (2025 - 2035).

Key US Cryogenic Pump Market Trends Highlighted

The US Cryogenic Pump Market is witnessing several key trends driven by the increasing demand for liquefied gases across various industries. The growth of the natural gas sector is significantly boosting the need for cryogenic pumps, as these are essential for delivering liquefied natural gas (LNG) and facilitating its storage and transportation. The focus on clean energy solutions and the shift towards hydrogen as an alternative fuel is also driving investments in cryogenic technology, as hydrogen needs to be stored at cryogenic temperatures for effective transport and use. Moreover, technological advancements in pump design are improving efficiency and reliability, making cryogenic pumps more appealing to end-users in sectors such as aerospace and healthcare.The increased demand for semiconductor manufacturing is another critical driver, as these applications require high-purity gases, which are often transported using cryogenic systems. Opportunities arise in enhancing the infrastructure for LNG terminals and hydrogen refueling stations, both crucial for the US's energy transition goals. Recent trends indicate a growing emphasis on sustainability and safety standards, prompting manufacturers to innovate and adapt their products for better environmental performance. Additionally, there’s a noticeable shift toward remote monitoring and automation in cryogenic pump systems, allowing for improved operational efficiency and maintenance.As industries seek to lower their carbon footprint, leveraging cryogenic technology aligns with broader environmental regulations emerging across the US. Overall, the market is evolving rapidly, presenting diverse opportunities for stakeholders to capitalize on technological innovations and changing industry demands.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Cryogenic Pump Market Drivers

Rapid Growth in LNG Sector

The expansion of the Liquefied Natural Gas (LNG) sector in the United States is a significant driver for the US Cryogenic Pump Market Industry. With increasing investment in LNG infrastructure, the U.S. has become one of the leading producers of LNG. According to the U.S. Energy Information Administration (EIA), U.S. LNG exports have risen significantly, surpassing 10 billion cubic feet per day in recent reports. This growth in LNG export capacity drives the demand for cryogenic pumps, as they are critical in the liquefaction and transportation processes of LNG.Major industry players like Cheniere Energy and Dominion Energy are investing heavily in LNG terminals and facilities, which further solidifies the need for advanced cryogenic pump systems in the U.S. The projected increase in LNG export capacity is anticipated to propel the cryogenic pumps market, demonstrating a robust correlation between LNG growth and the U.S. Cryogenic Pump Market Industry.

Advancements in Technology

Technological advancements in cryogenic pump design and efficiency contribute significantly to the growth of the US Cryogenic Pump Market Industry. Innovative designs focused on improving energy efficiency and reducing operational costs are being developed by key players such as Flowserve and KSB. The introduction of cryogenic pumps with higher reliability rates and faster operational speeds is increasing their applicability in various sectors like aerospace, medical, and energy.According to the U.S. Department of Energy, energy efficiency improvements in industrial processes can lead to cost savings of up to 30%. The trend towards modernization and upgrading existing systems to adopt these advanced technologies signals strong future growth prospects for the US Cryogenic Pump Market.

Growing Demand from Healthcare Sector

The healthcare sector's increasing demand for cryogenic applications, such as the storage and transportation of biomaterials and medical gases, is a critical driver for the US Cryogenic Pump Market Industry. The U.S. Centers for Disease Control and Prevention (CDC) highlights the rising trend in the usage of cryopreservation in medical research and clinical procedures, indicating a growing market for cryogenic technologies. The demand for cryogenic pumps in transporting medical gases, particularly oxygen, is also increasing due to the growing prevalence of respiratory diseases.This expansion presents a clear opportunity for the market, supported by advancements in medical technologies and further influenced by organizations like the American Medical Association who push for high-quality medical care through innovative solutions.

US Cryogenic Pump Market Segment Insights:

Cryogenic Pump Market Type Insights

The US Cryogenic Pump Market, categorized by Type, showcases a diverse landscape, primarily segmented into Centrifugal and Positive Displacement pumps. The cryogenic pumping technology is essential for applications requiring the movement of liquefied gases at extremely low temperatures. Centrifugal pumps are widely utilized for their efficiency and ability to handle large volumes of cryogenic fluids, making them a preferred choice in various industrial applications, including the liquefied natural gas industry and medical gas industry. This type is known for its robust design that allows for smooth operation, contributing significantly to the market dynamics as they cater to high-demand usages.On the other hand, Positive Displacement pumps are appreciated for their precise flow control and high discharge pressure capabilities, making them ideal for applications where a controlled flow rate is critical. They find their significance in scenarios like the chemical processing sector where high precision in fluid handling is vital. Each type addresses specific operational needs, thereby ensuring a comprehensive suite of solutions for different applications within the US Cryogenic Pump Market industry. As technological advancements continue to evolve, investment in research and development to enhance the efficacy and safety of these pumps is likely to drive additional growth within the market.Furthermore, regulatory push for cleaner and more efficient technologies is expected to provide opportunities for new and improved designs in cryogenic pumping solutions. Overall, this segmentation not only helps in understanding the US Cryogenic Pump Market better but also illuminates the pathways for future innovations and market growth in response to increasing demand across various sectors.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Cryogenic Pump Market End User Insights

The US Cryogenic Pump Market, primarily influenced by diverse End User segments, showcases significant growth potential and innovation. The Energy and Power sector is crucial due to the increasing demand for energy-efficient technologies and sustainable energy solutions, with cryogenic pumps playing a vital role in liquefied natural gas transport. The Chemicals segment represents another important area, driven by the need for high-performance pumps in manufacturing processes requiring cryogenic fluids. Metallurgy also stands out as a significant user, as these pumps are essential in applications like the production of superconducting materials.The Oil and Gas industry heavily relies on cryogenic pumps for various operations, especially in the extraction and processing of natural gas, thus highlighting its vital importance. In Electronics, the demand arises from the need for ultra-cooling and precision in manufacturing semiconductors. Lastly, the Others segment encompasses diverse applications across industries, demonstrating the versatility of cryogenic pumps. This broad range of applications underscores the market's resilience and responsiveness to technological advancements and evolving industry requirements, ensuring sustained growth and relevance.

US Cryogenic Pump Market Key Players and Competitive Insights:

The US Cryogenic Pump Market has emerged as a vital segment within the broader cryogenic technology sector, experiencing significant growth due to advancements in industrial processes and increasing demand for efficient fluid handling. The market comprises a mix of established players and new entrants, all racing to innovate and deliver high-performance solutions tailored to a variety of applications, including gas and liquid storage, distribution, and other critical processes. Intense competition marks this landscape, characterized by technological advancements, strategic partnerships, and a focus on customizing products to meet the specific needs of end-users across industries such as aerospace, medical, and energy. The dynamics of this market reveal trends where companies are continually pushing boundaries to improve efficiency and reduce operational costs, making a thorough analysis of competitive insights indispensable for understanding market positioning and future trajectories.Parker Hannifin has established a solid presence in the US Cryogenic Pump Market, renowned for its extensive range of cryogenic pumping solutions that cater to sectors like aerospace and energy. The company's strength lies in its advanced engineering capabilities, backed by a strong commitment to innovation and quality, which ensures that its products consistently meet the demanding performance standards required by the industry. Parker Hannifin utilizes a comprehensive approach in product development, focusing on customer feedback and rigorous testing protocols to enhance the reliability and efficiency of its cryogenic pumps. This dedication enables Parker Hannifin not only to maintain a competitive edge but also to foster long-standing relationships within its customer base, solidifying its role as a leader in delivering high-quality cryogenic solutions tailored for the US market.Air Products and Chemicals plays a critical role in the US Cryogenic Pump Market, offering a wide array of cryogenic solutions designed specifically for the safe and efficient transport of gases and liquids. The company is known for its robust product portfolio, which includes various cryogenic pump systems that cater to industries requiring precise and reliable fluid handling. Strengthened by its extensive market presence and innovative technology, Air Products and Chemicals actively engages in mergers and acquisitions to further enhance its capabilities and expand its reach in the cryogenic sector. Their focus on sustainability and efficiency aligns closely with market demands, positioning them as responsible leaders in the industry. With comprehensive services that include not just product offerings but also technical support, Air Products and Chemicals ensures they remain responsive to the constantly evolving needs of their clientele within the United States, further reinforcing their competitive standing in the market.

Key Companies in the US Cryogenic Pump Market Include:

Parker Hannifin

Air Products and Chemicals

Cryostar

Linde

VACUUMSCHMELZE

Pfeiffer Vacuum

Graham Corporation

Atlas Copco

Brooks Automation

Helium Leak Detection

Edwards Vacuum

Pentair

KSB

Honeywell

Siemens

US Cryogenic Pump Market Industry Developments

Recent developments in the US Cryogenic Pump Market indicate a rising demand driven by advancements in various sectors including aerospace, medical, and industrial applications. Companies like Parker Hannifin and Air Products and Chemicals are experiencing growth fuelled by increased investments in liquefied natural gas (LNG) infrastructure and rising needs for efficient cryogenic storage and transport solutions. In October 2022, Linde announced an expansion of its cryogenic technology offerings to improve safety and efficiency, addressing the evolving market requirements.Notably, there have been significant mergers and acquisitions within the industry. In May 2023, Graham Corporation acquired a controlling interest in a production facility specializing in cryogenic pumps to enhance its product lineup and geographical reach. Similarly, Edwards Vacuum has focused on strategic partnerships to integrate advanced technologies in cryogenic applications. The valuation of companies in the sector is on an upward trajectory, indicating a healthy competitive landscape, fueled by continuous innovations and enhancements in pump technologies. Major activities in the past two to three years also highlight an increased focus on sustainability and energy efficiency within the cryogenic pump market, aligning with broader industry trends in the US.

US Cryogenic Pump Market Segmentation Insights

Cryogenic Pump Market Type Outlook

Centrifugal

Positive Displacement

Cryogenic Pump Market End User Outlook

Energy & Power

Chemicals

Metallurgy

Oil & Gas

Electronics

Others

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	535.82(USD Million)
MARKET SIZE 2024	561.25(USD Million)
MARKET SIZE 2035	1569.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.796% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Parker Hannifin, Air Products and Chemicals, Cryostar, Linde, VACUUMSCHMELZE, Pfeiffer Vacuum, Graham Corporation, Atlas Copco, Brooks Automation, Helium Leak Detection, Edwards Vacuum, Pentair, KSB, Honeywell, Siemens
SEGMENTS COVERED	Type, End User
KEY MARKET OPPORTUNITIES	Growing LNG infrastructure demand, Expanding aerospace applications, Increasing renewable energy projects, Technological advancements in efficiency, Rising adoption in medical applications
KEY MARKET DYNAMICS	Growing LNG infrastructure, Increasing industrial applications, Advancements in cryogenic technology, Rising demand for energy efficiency, Expanding aerospace sector
COUNTRIES COVERED	US