Press Releases

The report "Cryocooler Market by Offering  (Hardware (Compressors, Cold Heads, Heat Dissipation Pipes, Power Conditioning Units, and Others) and Services (Technical Support Services, Product Repairs and Refurbishment Services, Preventive Maintenance Services, and Customer Training Services), by Product (Gifford-McMahon (GM), Brayton Cryocoolers, Pulse-Tube (PT), Stirling, Joule-Thomson (JT), and Others), by Heat Exchanger Type (Regenerative Heat Exchangers and Recuperative Heat Exchangers), by Temperature Range (1k–50k, 50k–100k, 100k–300k, and Others), by Operating Cycle (Open-Loop Cycle and Closed-Loop Cycle), by Application (Healthcare, Commercial, Military, Energy, Research and Development, Environmental, Space, Transport, Agriculture & Biology, Mining and Metal, and Others) - Global Forecast to 2030", The global cryocooler market is anticipated to grow at 7% CAGR during the forecast period. A cryocooler is a mechanical device that produces extremely low temperatures through gas compression and expansion. Low temperature, also known as cryogenic temperature, is used for a variety of applications such as superfluidity, superconductivity, densification, and low thermal noise. A cryocooler's capacity to cool its internal environment is influenced by a number of the circulating gas's thermodynamic characteristics. The increased deployment of cryocoolers in semiconductors, superconducting magnets, and the power systems industry, as mounting adoption in MRI, proton therapy, and NMR equipment in the healthcare sector will propel the market growth of the cryocooler industry. Moreover, the surge in market demand of cryocoolers in space applications and microsatellite military applications along with the shortage of helium gas and the growing production of liquified natural gas (LNG) will bolster the market development of the global cryocooler industry.  Thus, due to robust changes in technology for the military and healthcare industries, developed economies have been a significant source of demand for the worldwide cryocooler market.

At the American Physical Society (APS) March 2022 Meeting, Cryomech unveiled its brand-new PT310 Pulse Tube cryocooler. The PT310 cryocooler achieves its best heat lift performance at 3 Kelvin (K), allowing dry dilution refrigerators to reach millikelvin temperatures.

Global Cryocooler Market Segmentation and Key Players

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Cryocooler Market by Offering  (Hardware (Compressors, Cold Heads, Heat Dissipation Pipes, Power Conditioning Units, and Others) and Services (Technical Support Services, Product Repairs, and Refurbishment Services, Preventive Maintenance Services, and Customer Training Services), by Product (Gifford-McMahon (GM), Brayton Cryocoolers, Pulse-Tube (PT), Stirling, Joule-Thomson (JT), and Others), by Heat Exchanger Type (Regenerative Heat Exchangers and Recuperative Heat Exchangers), by Temperature Range (1k–50k, 50k–100k, 100k–300k, and Others), by Operating Cycle (Open-Loop Cycle and Closed-Loop Cycle), by Application (Healthcare, Commercial, Military, Energy, Research and Development, Environmental, Space, Transport, Agriculture & Biology, Mining and Metal and Others), and Region - Global Forecast to 2030

By application, the healthcare category is anticipated to have significant growth during the forecast period.

Healthcare is anticipated to have significant growth during the forecast period owing to rising market demand in the healthcare sector like MRI systems, NMR equipment, cryosurgery, and liquefaction of oxygen in hospitals amidst the COVID-19 pandemic. The advancement of cryocooling technologies has a significant impact on MRI systems. MRI systems use open-cycle cryostats as a standard method, and with advancements in cryocoolers, the need for helium refilling is being phased out, resulting in the widespread use of cryocoolers in the healthcare sector. Cryocooler solutions are deployed to cool down high-powered superconducting magnets used in proton therapy to treat cancer, thereby propelling the market growth.

“Asia-Pacific is anticipated to have the fastest growth in the Cryocooler Market during the forecast period.”

Asia-Pacific is anticipated to have the fastest growth during the forecast period owing to an upsurge in the implementation of cryocoolers in several medical, space, military, and R&D applications.

Some of the major players in the global cryocooler industry include Sumitomo Heavy Industries, Ltd., Chart Industries, Northrop Grumman, Cryomech Inc., ADVANCED RESEARCH SYSTEMS, RICOR, Air Liquide, AMETEK.Inc. (Previously named SunPower Corporation), Lake Shore Cryotronics, Inc., and Thales.

Global Cryocooler Market Coverage

Offering Insight and Forecast 2025-2030

• Hardware
  • Compressors
  • Cold Heads
  • Heat Dissipation Pipes
  • Power Conditioning Units
  • Others
• Services
  • Technical Support Services
  • Product Repairs and Refurbishment Services
  • Preventive Maintenance Services
  • Customer Training Services

Product Insight and Forecast 2025-2030

• Gifford-McMahon (GM)
• Brayton Cryocoolers
• Pulse-Tube (PT)
• Stirling
• Joule-Thomson (JT)
• Others

Heat Exchanger Type Insight and Forecast 2025-2030

• Regenerative Heat Exchangers
• Recuperative Heat Exchangers

Temperature Range Insight and Forecast 2025-2030

• 1k–50k
• 50k–100k
• 100k–300k
• Others

Operating Cycle Insight and Forecast 2025-2030

• Open-Loop Cycle
• Closed-Loop Cycle

Application Insight and Forecast 2025-2030

• Healthcare
• Commercial
• Military
• Energy
• Research and Development
• Environmental
• Space
• Transport
• Agriculture & Biology
• Mining and Metal
• Others

Geographical Segmentation

Cryocooler Market by Region

North America

• By Product Type
• By System Type
• By Offerings
• By Communication Technology
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Product Type
• By System Type
• By Offerings
• By Communication Technology
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Product Type
• By System Type
• By Offerings
• By Communication Technology
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product Type
• By System Type
• By Offerings
• By Communication Technology
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries