Cryocooler Market

The cryocooler market is projected to reach USD 4.90 billion by 2030 from the estimated USD 3.48 billion in 2025 at a CAGR of 7.1 % during the forecast period.

The major growth factors for the cryocooler market include accelerating demand in aerospace and defense applications, where cryogenic cooling is critical for infrared sensors, missile guidance, and satellite imaging. The expansion of quantum computing is also supporting the market growth, as next-generation systems increasingly require advanced low-temperature thermal management solutions. In healthcare, the transformation toward helium-free MRI systems is fueling uptake across global institutions, creating significant opportunities for efficient cryogenic cooling technologies. Growing momentum in quantum computing is boosting demand for sub-4K pre-coolers, while the swift commercialization of small satellites is creating a strong need for compact and miniaturized cryocoolers. However, high capital intensity continues to constrain scalability in cost-sensitive segments, while complex maintenance cycles elevate operational expenditure and adoption hesitancy. In addition, geopolitical risks destabilizing specialized component sourcing and the challenge of balancing performance with cost metrics complicate broader commercial-scale adoption. As aerospace, defense, healthcare, and quantum technologies continue to embrace advanced cryogenic solutions, the cryocooler market is expected to grow steadily throughout the forecast period, supported by innovation, strategic partnerships, and expanding applications.

To know about the assumptions considered for the study download the pdf brochure

Major Cryocoole Companies Include:

• Sumitomo Heavy Industries, Ltd. (Japan)
• Thales (France)
• AMETEK.Inc. (US)
• Edwards Vacuum (UK)
• Chart Industries, Inc. (US)
• Air Liquide Advanced Technologies (France)
• ULVAC CRYOGENICS INC. (Japan)
• RICOR (Israel)
• Bluefors (Finland)
• Northrop Grumman (US)

Sumitomo Heavy Industries (SHI) has strategically expanded its cryocooler business through targeted acquisitions, including the acquisition of APD (Advanced Product Development) in the US to strengthen its North American market presence and technological capabilities. This acquisition strategy has enhanced the company's ability to serve global customers and expand its product portfolio. The company has focused significant resources on research and development of advanced cryocooler technologies, with particular emphasis on improving efficiency, reliability, and reducing operating costs. SHI's R&D efforts have concentrated on developing next-generation Gifford-McMahon and Pulse-Tube technologies that address evolving customer requirements for lower vibration, higher efficiency, and maintenance-free operation. SHI has positioned itself strategically in high-growth market segments, particularly targeting healthcare applications where Gifford-McMahon cryocoolers have become increasingly popular due to their advantages over traditional nitrogen liquefiers and helium recondensation systems. The company's focus on serving scientific research applications and emerging quantum computing markets represents a strategic commitment to high-value, technology-intensive segments.

Thales has strategically positioned itself across multiple high-value market segments, developing specialized solutions for space, defense, and civil applications. For space applications, the company offers both designed-for-space pulse-tube cryocoolers and off-the-shelf solutions for low-cost space missions. The LPT6510 cryocooler was selected for TRISHNA, an earth observation satellite for the French and Indian space agencies, while NASA JPL uses off-the-shelf LPT9310 pulse-tube coolers. The company has focused significant resources on developing compact and reliable cryocoolers with enhanced SWaP (Size, Weight, and Power) characteristics. For five years, Thales Cryogenics has led a development cycle to design and deliver a new generation of SWaP cryocoolers, developing both linear and rotary Stirling coolers optimized for applications requiring compactness, flexibility, robustness, and higher reliability. Thales leverages its broader defense and aerospace expertise to create integrated solutions, which is particularly evident in defense applications where its Stirling cryogenic coolers are suitable for embedded cameras, airborne systems, and binoculars across land, air, and naval platforms. The company's rotary monobloc Stirling coolers are specifically dedicated to systems requiring compactness, flexibility, and high reliability.

Edwards Vacuum strategically expanded its cryogenic business through the completed acquisition of Brooks' Semiconductor Cryogenics Business in 2019, which enhanced its portfolio and strengthened its position in the global semiconductor industry. This acquisition represents a key milestone in Edwards' strategy to provide comprehensive cryogenic solutions across multiple market segments. The company has made significant investments in developing energy-efficient and high-performance cryogenic products, including Polycold cryochillers that provide up to 4,000 watts of cooling capacity and can capture water vapor and other condensable substances to significantly improve both time and quality of vacuum creation. Edwards' focus on innovation is evidenced by its development of On-Board IS cryopump systems that leverage high-efficiency technology for unparalleled vacuum performance and energy efficiency.

Market Ranking

The market ranking for key companies, such as Sumitomo Heavy Industries (Japan), Thales Cryogenics (Netherlands), Edwards Vacuum (UK), AMETEK, Inc. (US), and Chart Industries, Inc. (US), is based on several key determinants, including market share, product portfolio, technological innovation, service offering, and global presence.

Sumitomo Heavy Industries (Japan) has established itself as a leading player in the cryocooler market by leveraging its expertise in heavy machinery manufacturing and advanced cryogenic technologies. Through its SHI Cryogenics Group, the company provides a broad portfolio that includes Gifford-McMahon, Stirling, and Pulse-Tube cryocoolers, supporting applications across aerospace, defense, medical imaging, and industrial research. Thales Cryogenics (Netherlands/France) strengthens its market presence with a versatile portfolio spanning rotary monobloc, linear Stirling, and pulse-tube systems. Known for its high-reliability solutions in European space and defense programs, Thales is a trusted partner for long-duration, mission-critical applications. Edwards Vacuum (UK) leverages its heritage in vacuum and cryogenic technologies to deliver precision cryocoolers for semiconductor, industrial, and scientific use. Its engineering strength and global service network enhance its competitive positioning. AMETEK, Inc. (US) maintains a strong foothold with energy-efficient, reliable cryocooler solutions widely adopted in aerospace, defense, healthcare, and semiconductor manufacturing. Chart Industries, Inc. (US) is recognized for engineering excellence and diverse cryogenic offerings that serve ultra-low temperature requirements in healthcare, energy, aerospace, and industrial sectors. Collectively, these companies drive the cryocooler market through innovation, customer partnerships, and scalable solutions that meet the growing demand for efficient cryogenic cooling worldwide.

Related Reports:

Cryocooler Market by Recuperative Heat Exchanger, Regenerative Heat Exchanger, Heat Dissipation Pipe, Preventive Maintenance Services, Gifford-McMahon Cryocoolers, Stirling Cryocoolers, Joule Thomson Cryocoolers, Military, Space - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com