Cryogenic Pump Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Positive Displacement Pumps, Kinetic Pumps, and Entrapment Pumps), By Application (Nitrogen, Hydrogen, Helium, Liquefied Natural Gas(LNG) , and Others), By End-use Industry (Healthcare Industry, Energy & Power Generation Industry, Electricals & Electronics Industry, Others), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 2.43 Billion
CAGR (2026-2031)	4.25%
Fastest Growing Segment	Positive displacement
Largest Market	Asia Pacific
Market Size (2031)	USD 3.12 Billion

Market Overview

The Global Cryogenic Pump Market will grow from USD 2.43 Billion in 2025 to USD 3.12 Billion by 2031 at a 4.25% CAGR. Cryogenic pumps are specialized fluid transfer devices designed to pressurize and circulate liquefied gases, such as nitrogen, oxygen, and natural gas, at temperatures typically below -150°C. The primary driver for this market is the continued expansion of the global liquefied natural gas (LNG) supply chain, alongside the critical demand for industrial gases in the healthcare and electronics manufacturing sectors. According to the International Gas Union, in 2024, global LNG liquefaction capacity grew by 6.5 million tonnes per annum. This infrastructure development directly fuels the requirement for reliable pumping systems to manage the transfer and storage of volatile fluids in expanding export and import terminals.

However, a significant challenge impeding broader market expansion is the high capital and operational cost associated with these complex systems. The extreme thermal differentials inherent in cryogenic applications frequently lead to mechanical stresses, seal failures, and cavitation, necessitating expensive and specialized maintenance. These elevated lifecycle costs often deter adoption in cost-sensitive industrial segments, limiting the deployment of such high-performance equipment to essential energy and medical applications.

Key Market Drivers

Rising global demand for liquefied natural gas (LNG) acts as the primary catalyst for the Global Cryogenic Pump Market, necessitating robust fluid transfer solutions across an expanding network of import and export terminals. As energy policies increasingly favor natural gas for power generation and industrial heating, the infrastructure supporting liquefaction and regasification is scaling rapidly. According to the International Gas Union, May 2025, in the '2025 World LNG Report', global LNG trade grew by 2.4% in 2024, reaching a total of 411.24 million tonnes. This volume growth directly amplifies the need for specialized pumps to manage cryogenic fluids under high pressure. Furthermore, according to Shell, in 2025, global LNG demand is forecast to reach between 630 and 718 million tonnes per annum by 2040, suggesting a sustained trajectory of investment in the requisite pumping systems.

Concurrently, the implementation of stringent environmental emission standards is driving significant opportunities in carbon capture, utilization, and storage (CCUS) and clean energy sectors. These regulations compel industrial operators to deploy cryogenic systems for capturing and transporting liquid carbon dioxide and hydrogen, diversifying the market beyond traditional hydrocarbon applications. This regulatory push is reflected in recent procurement trends for specialized equipment. For instance, according to Chart Industries, October 2025, in the 'Third Quarter 2025 Financial Results', orders in the Specialty Products segment, which includes equipment for carbon capture and new energy markets, grew by 84.4% year-over-year to $438.5 million. Such data indicates that environmental compliance is fast becoming a critical revenue stream for cryogenic pump manufacturers.

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Key Market Challenges

The high capital and operational expenditures associated with cryogenic pumping systems present a substantial barrier to the broader expansion of the global market. These devices operate under extreme thermal differentials, often necessitating materials and engineering capable of withstanding temperatures below -150°C. This harsh operating environment creates significant mechanical stress, leading to frequent seal degradation and cavitation risks that require specialized, expensive maintenance protocols. Consequently, the total cost of ownership remains prohibitive for cost-sensitive industrial segments, effectively restricting the adoption of this technology to well-funded energy and medical sectors where such expenditures are mandatory.

This economic pressure directly hampers the market's ability to diversify into emerging, less capitalized applications. The impact of these financial constraints is reflected in the sluggish pace of related trade expansion. According to the International Group of Liquefied Natural Gas Importers (GIIGNL), in 2024, global LNG trade growth slowed to just 2.1% in the preceding year, a marked deceleration compared to historical trends. This data indicates a market environment where high infrastructure and operational costs are contributing to a cautious approach in capacity expansion, thereby limiting the volume of new pump installations required globally.

Key Market Trends

The emergence of specialized pumps for the hydrogen economy is a critical trend reshaping the Global Cryogenic Pump Market, driven by the need for infrastructure distinct from traditional LNG systems. Manufacturers are increasingly developing high-pressure cryogenic pumps specifically engineered to handle the extreme volatility and ultra-low temperatures of liquid hydrogen for storage and dispensing applications. This technological shift is directly supporting the deployment of fueling networks for heavy-duty transport and fuel cell vehicles. For instance, according to Nikkiso Clean Energy & Industrial Gases Group, June 2024, in the 'Nikkiso CE&IG Group to Deploy 24 Liquid Hydrogen Stations in South Korea' announcement, the company secured contracts to build and maintain approximately two dozen liquid hydrogen fueling stations, underscoring the rapid commercial scaling of this specialized pumping infrastructure.

Simultaneously, the market is experiencing a robust integration of IoT and smart monitoring systems, transforming how operators manage pump lifecycle and performance. This trend involves embedding sensors and data analytics into pumping units to enable predictive maintenance, thereby preventing costly seal failures and optimizing energy usage through real-time adjustments. The industry's pivot toward these digital-enabled service models is evident in financial performance metrics. According to Flowserve Corporation, October 2024, in the 'Third Quarter 2024 Results', the company reported total bookings of $1.20 billion, explicitly noting record levels of orders tied to its '3D strategy' which prioritizes digitization and decarbonization. This surge in strategic orders highlights the growing customer reliance on intelligent, data-driven pumping solutions to reduce operational expenditures and minimize downtime.

Segmental Insights

The Positive displacement segment is witnessing the fastest expansion within the Global Cryogenic Pump Market due to its essential role in high-pressure cylinder filling and process applications. This growth is primarily driven by the rising global demand for Liquefied Natural Gas and industrial gases where these pumps provide consistent performance during variable flow conditions. Additionally, adherence to safety standards from bodies such as the Compressed Gas Association encourages the adoption of these pumps for handling volatile fluids. Consequently, industries are increasingly selecting positive displacement technology to maintain operational efficiency and meet strict regulatory requirements.

Regional Insights

Asia Pacific holds the dominant position in the Global Cryogenic Pump Market, driven by rapid industrialization and a strategic shift toward cleaner energy sources. The region continues to see substantial investments in Liquefied Natural Gas (LNG) infrastructure, particularly in China and India, to support growing power generation needs. Furthermore, the robust expansion of the electronics, metallurgy, and healthcare sectors requires extensive cryogenic gas handling, fueling market demand. Supportive government policies aiming to reduce emissions by replacing coal with natural gas further solidify the region's leadership.

Recent Developments

• In September 2025, Nikkiso Clean Energy & Industrial Gases Group launched a next-generation submerged ammonia pump at the Gastech conference. This new product was engineered to be the safest and most reliable in the industry, capable of delivering high flow rates exceeding 2,500 cubic meters per hour. The pump featured a design that significantly extended the mean time between maintenance outages, addressing critical efficiency demands in the market. This launch underscored the company's commitment to supporting the transition to lower-carbon energy sources and meeting the growing global demand for robust ammonia handling solutions in energy and industrial applications.
• In November 2024, Ebara Corporation announced a major breakthrough in its aerospace business with the successful performance testing of an electric turbopump for rocket engines. The test, conducted at a space center in Japan, utilized liquid nitrogen to simulate cryogenic conditions similar to actual rocket fuel. The electric turbopump, which had been under development since 2022, demonstrated stable operation and achieved targeted rotational speeds without abnormal vibrations or leakage. This achievement marked a significant step toward the company's goal of establishing a low-cost, highly flexible means of transportation to space by simplifying engine systems and improving reliability.
• In July 2024, Flowserve Corporation completed the acquisition of intellectual property and in-process research and development from NexGen Cryogenic Solutions, Inc. This strategic transaction included advanced submerged pump technology designed for cryogenic liquefied natural gas (LNG) applications. The acquisition was intended to significantly enhance Flowserve's existing portfolio of pumps, valves, and mechanical seals, thereby strengthening its decarbonization offerings across the LNG value chain. The company planned to leverage its newly established LNG pump facility and global network of quick response centers to accelerate the commercialization of this next-generation technology for liquefaction, shipping, and regasification markets.
• In February 2024, Vanzetti Engineering announced strategic advancements in its product portfolio to address the evolving needs of the global energy market. The company revealed it was developing a new family of retractable pumps specifically targeted at the small-scale liquefied natural gas (LNG) terminal sector. Additionally, Vanzetti Engineering focused on strengthening its high- and low-pressure product ranges to capture new opportunities in the marine dual-fuel segment. These initiatives were part of a broader strategy to regain market share in the industrial gases sector and expand its geographical footprint into key regions such as Asia and North America.

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

By Type	By Application	By End-use Industry	By Region
Positive Displacement Pumps Kinetic Pumps and Entrapment Pumps	Nitrogen Hydrogen Helium Liquefied Natural Gas(LNG) and Others	Healthcare Industry Energy & Power Generation Industry Electricals & Electronics Industry Others	North America Europe Asia Pacific South America Middle East & Africa

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
• and Entrapment Pumps

• Cryogenic Pump Market, By Application:

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