Cryogenic equipment market seen reaching $35.3 billion by 2030

The Business Research Company says the cryogenic equipment market will rise from $24.89 billion in 2026 to $35.33 billion by 2030, driven by LNG, hydrogen, semiconductors and clean energy demand. Asia-Pacific was the largest regional market in 2025, with the report highlighting broader use across healthcare, research and industrial applications.

Why it matters: - Cryogenic equipment underpins the storage and transport of super-cooled gases used in LNG, hydrogen, healthcare, research and semiconductor manufacturing. - The market’s projected growth signals stronger demand for low-temperature infrastructure tied to energy transition and industrial expansion.

What happened: - The Business Research Company released its Cryogenic Equipment Market Report 2026, covering market size, trends and a global forecast through 2035. - The report says the market will grow from $22.7 billion in 2025 to $24.89 billion in 2026. - The report forecasts the market will reach $35.33 billion by 2030. - Asia-Pacific was the largest regional market in 2025.

The details: - Cryogenic equipment is designed to produce and maintain extremely low temperatures. - The equipment is used to store and transport liquefied gases, preserve food, perform cryosurgery and operate superconducting electromagnets. - The 2026 growth estimate reflects rising use of industrial gases, LNG transport infrastructure, cryogenic storage in healthcare, metallurgical processing and insulation improvements. - The longer-term forecast is supported by investment in hydrogen energy infrastructure, demand for superconducting and cryogenic research systems, semiconductor manufacturing growth, low-loss energy storage and clean energy adoption. - The report identifies key trends including LNG and hydrogen cryogenic systems, energy-efficient storage, electronics manufacturing applications, healthcare and research use, and greater emphasis on safety and thermal performance. - LNG demand is a major growth driver because specialized cryogenic tanks help move natural gas safely and efficiently from production sites to end users. - The International Energy Agency reported a 2% increase, or 6 billion cubic meters, in global LNG supply during the 2024-25 heating season. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The report says its 2026 edition includes market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, technology analysis and updated graphics. - The report offers a free sample and a full report.

Between the lines: - The forecast points to a market increasingly shaped by energy security, clean power systems and advanced manufacturing rather than one narrow industrial use case. - Asia-Pacific’s lead suggests the strongest demand is concentrated in regions with heavy industrial activity and expanding energy infrastructure.

What's next: - The report projects continued growth through 2030 as hydrogen, LNG and semiconductor investments expand. - Future demand is likely to stay tied to safety, efficiency and thermal-performance improvements in cryogenic systems. - The Business Research Company says later editions will add deeper market intelligence and updated forecasting tools.

The bottom line: - Cryogenic equipment is moving from a specialized niche to a broader infrastructure market, with LNG and hydrogen doing much of the heavy lifting.