Top Cryogenic Equipment Companies

The competitive landscape of the global cryogenic equipment market is dynamic, with a few dominant players leading the charge alongside emerging contenders. Industry giants such as Air Products and Chemicals, Inc., Linde PLC, and Cryostar are leveraging strategic alliances, technological innovations, and geographical expansions to capture a larger market share.

In 2023, Air Products and Chemicals, Inc. made a significant move by opening a USD 4.5 billion LNG export terminal in Louisiana, positioning itself as a leader in the growing LNG sector. Similarly, Linde PLC has expanded its cryogenic storage and transportation solutions across Asia, responding to the increasing demand for LNG in fast-growing economies. These companies are focusing on enhancing efficiency, reducing operational costs, and developing sustainable cryogenic technologies. Additionally, companies are investing in R&D to improve the reliability and performance of cryogenic equipment, thus gaining a competitive edge. The market also sees collaboration with governments and regional players to support infrastructure development in key areas like energy and healthcare.

Top Player’s Company Profiles

• Linde Public Limited Company

• Air Liquide S.A.

• Air Products and Chemicals, Inc.

• Chart Industries, Inc.

• Parker Hannifin Corporation

• Flowserve Corporation

• Nikkiso Co., Ltd.

• Inox India Limited

• Taylor-Wharton International LLC

• Emerson Electric Co.

• Wessington Cryogenics Limited

• Sulzer Ltd

• PHPK Technologies, Inc.

• Acme Cryogenics, Inc.

• Sumitomo Heavy Industries Cryogenics Group (commonly known as SHI Cryogenics Group)

• Fives Société Anonyme Simplifiée (Fives SAS)

• Cryofab, Inc.

• Herose GmbH Armaturen und Metalle

• Cryostar SAS

• Shell-N-Tube Private Limited