North America Cryogenic Pump Market (2025-2031) | Size, Outlook, Revenue, Growth, Analysis, Industry, Companies, Trends, Share, Value & Forecast

North America Cryogenic Pump Market Highlights

Report Name	North America Cryogenic Pump Market
Forecast period	2025-2031
CAGR	10.2%
Growing Sector	Healthcare

Topics Covered in North America Cryogenic Pump Market Report

North America Cryogenic Pump Market report thoroughly covers the market by countries, design, cryogen and end user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Cryogenic Pump Market Synopsis

North America cryogenic pump market is expected to grow at a significant rate during the forecast period of 2025-2031. The market is driven by various factors such as the increasing demand for liquefied natural gas (LNG) in the region, advancements in technology, and government initiatives promoting the use of clean energy. Cryogenic pumps are used for transferring and handling low-temperature fluids like LNG, oxygen, nitrogen, and argon.

According to 6Wresearch, North America Cryogenic Pump Market size is expected to grow at a significant CAGR of 10.2% during 2025-2031. The main driver of growth for the North America cryogenic pump market is the increasing demand for LNG. With the growing focus on clean energy sources, there has been a significant shift towards natural gas as it emits less carbon dioxide than other fossil fuels. This has led to a rise in LNG production and transportation, which is driving the need for efficient cryogenic pumps.

Moreover, advancements in technology have also played a crucial role in boosting the market's growth. The development of new cryogenic pump designs, such as magnetic drive pumps and cryo-turbine pumps, has improved the efficiency and reliability of these pumps.

Despite the positive outlook for the North America cryogenic pump market, there are a few challenges that could hinder its growth. One of the major challenges is the high initial cost associated with purchasing and installing cryogenic pumps. This can be a significant barrier for small and medium-sized companies looking to invest in this technology. Another challenge is the strict regulations regarding the use and transportation of cryogenic fluids due to their potential hazardous nature. This can lead to additional costs and complexities for companies using cryogenic pumps in their operations.

North America Cryogenic Pump Industry: Leading Players

One of the key factors driving this growth is the presence of major players in the region. Companies like Flowserve Corporation, Nikkiso Co., Ltd., and Sumitomo Heavy Industries Ltd are dominating the market with their advanced technology and innovative products. These companies are constantly investing in research and development to improve their product offerings and stay ahead of the competition.

Cryogenic Pump Market in North America: Government Initiatives

Government initiatives in North America are also playing a crucial role in the growth of the cryogenic pump market. For instance, the US Department of Energy has been actively promoting the use of LNG as a cleaner and more efficient fuel source. This has led to an increased demand for cryogenic pumps in the region. In addition to this, several energy companies in North America are investing heavily in LNG projects, which further boosts the demand for cryogenic pumps. The rise in adoption of clean energy sources is also expected to drive the market growth.

Future Insights of the Market

North America cryogenic pump market is witnessing steady growth due to the increasing demand for clean energy sources and advancements in technology. While there are some challenges facing the market, such as high initial costs and strict regulations, the future prospects look promising with the development of new applications and government initiatives. It will be interesting to see how this market evolves in the coming years and what new developments will drive its growth.

Market Segmentation by Countries

According to Dhaval, Research Manager, 6Wresearch, as one of the leading economies in the world, it is no surprise that the United States has a major demand for cryogenic pumps. The country's established industries such as oil and gas, chemical processing, and healthcare heavily rely on these pumps for their operations. Additionally, the growing demand for clean energy sources has also led to an increase in the use of cryogenic pumps in liquefied natural gas (LNG) and hydrogen production facilities.

Market Segmentation by Design

One of the key factors contributing to this growth is the increasing demand for submersible cryogenic pumps. Submersible cryogenic pumps are designed to operate while fully submerged in liquid gases such as liquid nitrogen, oxygen, and argon. This unique design allows them to handle larger flow rates and higher pressure differentials compared to their non-submersible counterparts.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Cryogenic Pump Market Outlook
• Market Size of North America Cryogenic Pump Market, 2024
• Forecast of North America Cryogenic Pump Market, 2031
• Historical Data and Forecast of North America Cryogenic Pump Revenues & Volume for the Period 2021 - 2031
• North America Cryogenic Pump Market Trend Evolution
• North America Cryogenic Pump Market Drivers and Challenges
• North America Cryogenic Pump Price Trends
• North America Cryogenic Pump Porter's Five Forces
• North America Cryogenic Pump Industry Life Cycle
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Design for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Submersible for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Non-Submersible for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Design for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Submersible for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Non-Submersible for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Design for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Submersible for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Non-Submersible for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Cryogen for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Nitrogen for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Argon for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Oxygen for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By LNG for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Helium for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Hydrogen for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Cryogen for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Nitrogen for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Argon for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Oxygen for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By LNG for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Helium for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Hydrogen for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Cryogen for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Nitrogen for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Argon for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Oxygen for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By LNG for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Helium for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Hydrogen for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By End User for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Energy & Power for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Chemicals for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Metallurgy for the Period 2021 - 2031
• Historical Data and Forecast of North America Cryogenic Pump Market Revenues & Volume By Healthcare & Pharmaceuticals for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By End User for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Energy & Power for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Chemicals for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Metallurgy for the Period 2021 - 2031
• Historical Data and Forecast of United States Cryogenic Pump Market Revenues & Volume By Healthcare & Pharmaceuticals for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By End User for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Energy & Power for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Chemicals for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Metallurgy for the Period 2021 - 2031
• Historical Data and Forecast of Canada Cryogenic Pump Market Revenues & Volume By Healthcare & Pharmaceuticals for the Period 2021 - 2031
• North America Cryogenic Pump Market - Key Performance Indicators
• North America Cryogenic Pump Market - Import Export Trade Statistics
• North America Cryogenic Pump Market - Opportunity Assessment By Countries
• North America Cryogenic Pump Market - Opportunity Assessment By Design
• North America Cryogenic Pump Market - Opportunity Assessment By Cryogen
• North America Cryogenic Pump Market - Opportunity Assessment By End User
• North America Cryogenic Pump Market - Top Companies Market Share
• North America Cryogenic Pump Market - Top Companies Profiles
• North America Cryogenic Pump Market - Comparison of Players in Technical and Operating Parameters
• North America Cryogenic Pump Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Design

• Submersible
• Non-Submersible

By Cryogen

• Nitrogen
• Argon
• Oxygen
• LNG
• Helium
• Hydrogen

By End User

• Energy & Power
• Chemicals
• Metallurgy
• Healthcare & Pharmaceuticals