Europe Cryogenic Equipment Market worth $5.95 billion by 2030
The report "Europe Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-use Industry (Energy & Power, Chemical, Metallurgy, Transportation), System Type, Application - Forecast to 2030” is projected to grow from USD 3.94 billion in 2025 and to reach USD 5.95 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period.
Browse 150 market data Tables and 50 Figures spread through 200 Pages and in-depth TOC on "Europe Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-use Industry (Energy & Power, Chemical, Metallurgy, Transportation), System Type, Application - Forecast to 2030”
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The rising adoption of cryogenic equipment in electronics, metallurgy, and transportation sectors in Europe contributes to the regional market growth, especially in Russia, the UK, Germany, and France. The demand for ultra-low temperature gas handling systems is rising due to advancements in semiconductor fabrication, sophisticated electronics manufacturing, and specialty material processing. Cryogenic equipment is frequently used in metallurgy for alloy synthesis, heat treatment, and metal processing to enhance material performance. In the meantime, investments in storage, refueling, and distribution infrastructure are driven by the growing use of LNG and cryogenic fuels in rail, marine, and heavy transportation, enabling long-term market expansion throughout these nations.
“Storage systems segment is projected to record the highest CAGR during the forecast period”
Due to the growing need for large-scale, decentralized storage of liquefied gases, including LNG, hydrogen, and industrial gases, the storage systems segment is predicted to grow at the fastest rate in the Europe cryogenic equipment market. Advanced storage solutions are becoming increasingly necessary as import terminals, distribution centers, and on-site storage at industrial facilities expand. Higher storage capacity is also being encouraged by seasonal energy balancing requirements and supply chain security concerns, which are hastening the expansion of cryogenic storage systems throughout Europe.
“Metallurgy segment is likely to capture the largest share of the Europe cryogenic equipment market in 2025”
As cryogenic gases are widely utilized in metal manufacturing, refining, and processing processes, the metallurgy segment is becoming the largest end-use industry in the Europe cryogenic equipment market. Applications, including heat treatment, metal hardening, cryogenic cooling, and controlled environments, need a steady, high-volume gas supply backed by cryogenic machinery. Metallurgy is the leading end-use sector due to the significant demand for cryogenic systems sustained by Europe’s robust base of steel, aluminum, and specialty metal manufacturers, as well as the continuous upgrading of metallurgical facilities.
“Russia is expected to be the largest country in the Europe cryogenic equipment market from 2025 to 2030”
Russia is the largest country in Europe cryogenic equipment market due to its vast natural gas production, liquefaction, and export infrastructure, which necessitates large-scale cryogenic storage, processing, and transport systems. High equipment demand is a result of the large investments in LNG plants, gas processing facilities, and industrial gas applications. Additionally, the robust metallurgy, chemicals, and heavy manufacturing base requires cryogenic technology for metal processing and gas management. As compared to other European nations, cryogenic equipment is more widely used due to its large geographic scope, operations in cold climates, and continuous infrastructure development.
The report profiles key players, such as Air Liquide (France), Wessington Cryogenics (UK), Sulzer Ltd. (Switzerland), Air Products and Chemicals, Inc. (US), and Parker Hannifin Corp. (US).
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