Cryocooler Market Report 2026

The cryocooler market size has grown strongly in recent years. It will grow from $3.2 billion in 2025 to $3.47 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to expansion of space exploration programs, growth in medical diagnostic equipment demand, increasing defense technology investments, availability of advanced cryogenic systems, rising research activities.

The cryocooler market size is expected to see strong growth in the next few years. It will grow to $4.8 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing deployment in next-generation space missions, rising adoption in quantum and superconducting technologies, growth in advanced medical equipment, expansion of defense electronics, focus on compact cryogenic solutions. Major trends in the forecast period include increasing use of cryocoolers in space applications, rising demand from medical imaging systems, expansion of defense and surveillance technologies, growing adoption in quantum computing, enhanced focus on energy efficiency.

Expanding liquefied natural gas (LNG) production is anticipated to drive growth in the cryocoolers market in the coming years. LNG is natural gas that has been cooled to a liquid state at approximately -260°F for transportation and storage. To reliquefy boil-off gas in LNG tanks, compact, high-efficiency cryocoolers are essential for small LNG distribution stations. For instance, data published in July 2024 by the U.S. Energy Information Administration, a key agency of the Federal Statistical System, indicated that LNG trade grew by 3.1% in 2023, reaching an average of 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d compared to 2022. Therefore, the expansion of LNG production is propelling the growth of the cryocoolers market.

Leading companies in the Cryocooler market are increasingly focusing on innovative solutions such as compact pulse-tube cryocoolers to improve thermal efficiency, minimize system vibrations, support next-generation quantum and space applications, and meet the growing demand for high-performance cooling technologies. Pulse-tube cryocoolers are mechanical refrigeration devices that achieve extremely low temperatures - often below 4 K - without any moving parts in the cold region. For example, in March 2025, Bluefors Oy, a Finland-based cryogenics specialist, launched the Cryomech PT205, a two-stage pulse-tube cryocooler designed for quantum sensing and communication applications. The PT205 measures just 11 inches (≈28 cm) in length, weighs 19 lb (≈8.6 kg), delivers over 10 mW of cooling power at ~2.5 K, and consumes only 1.3 kW. Thanks to its pulse-tube technology, it operates with minimal vibration, making it ideal for sensitive superconducting nanowire single-photon detectors (SNSPDs) used in quantum optics, single-photon detection, and secure quantum communications. This launch highlights how market players are advancing energy-efficient, low-vibration, and compact cryogenic solutions tailored for next-generation quantum and superconducting technologies.

In March 2023, Bluefors Oy, a Finnish manufacturer specializing in cryogenic measurement systems, acquired Cryomech Inc. for an undisclosed sum. This acquisition positions Bluefors to bolster its global standing in cryogenic solutions and broadens its product range to encompass cryogenic dilution refrigerators. Cryomech Inc., based in the United States, is recognized for its expertise in cryocooler design and manufacturing.

Major companies operating in the cryocooler market are Sumitomo Heavy Industries Ltd., Sunpower Inc., RICOR Systems Ltd., Cryomech Inc., Thales Cryogenics B.V., Stirling Cryogenics B.V., Chart Industries Inc., Janis Research Company LLC, Advanced Research Systems Inc., Supercon Inc., Titan Cryogenics, Brooks Automation Inc., Honeywell International Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, L3Harris Technologies Inc., Cobham plc, UHV Design Ltd., Scitec Instruments Ltd., CryoSpectra, Absolut System SAS, Sierra Lobo, Inc.

North America was the largest region in the cryocooler market in 2025 and is expected to be the fastest-growing region in the cryocooler market report during the forecast period. The regions covered in the cryocooler market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cryocooler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cryocooler market consists of revenues earned by entities by providing cooling services to highly heating equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. The cryocooler market also includes sales of space cryogenics, space instruments, and testing equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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