Top 13 Cryocooler Manufacturers in the World

The global cryocooler market size reached US$ 3.1 Billion in 2023. As per the analysis by IMARC Group, the top cryocooler companies are heavily investing in developing miniature cryocoolers that are smaller, lighter, and more efficient, thus providing a boost to the market. Additionally, several major companies are developing cryogenic coolers for quantum computing applications since they provide stable and reliable cooling at very low temperatures, which is essential for the operation of quantum computers. In line with this, the continual development of advanced cryocooler systems, such as pulse tube cryocoolers, Gifford-McMahon cryocoolers, and Stirling cryocoolers is also catalyzing the market across the globe. Moreover, the governments of several countries are heavily investing in the research and development of cryogenic technologies, which is providing an impetus to the market. Along with this, the governments are also offering subsidies and tax incentives to companies involved in the cryocooler market, which in turn is creating a positive market outlook. Apart from this, the growing demand for LNG is augmenting the demand for cryocoolers as they are used in the liquefaction process of natural gas. The market is further driven by the increasing usage of cryocoolers in healthcare applications, such as magnetic resonance imaging (MRI) and proton therapy. Furthermore, with the increasing demand for frozen food products, the demand for cryocoolers is escalating as they are used in the food industry for freezing and cooling food products, such as frozen food and ice cream. Other factors, including the increasing adoption of cryogenically cooled low-noise amplifiers in cellular telephone base stations, growing demand for cryocoolers in the military and defense sector, and continuous technological advancements, are projected to propel the market further. On account of these factors, the market is expected to reach US$ 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Cryocooler market with IMARC’s market research report. Try a free sample today!

List of Top Manufacturers Operating in the Cryocooler Industry:

The global Cryocooler market has several major players including Advanced Research Systems Inc., Air Liquide S.A., AMETEK Inc., Brooks Automation Inc., Chart Industries Inc., Cryomech Inc., Honeywell International Inc., Lake Shore Cryotronics Inc., Northrop Grumman Corporation, RICOR Cryogenic & Vacuum Systems, Sumitomo Heavy Industries Ltd., Superconductor Technologies Inc. and Thales Group. More information about these companies has been provided below.

1. Advanced Research Systems Inc.

Advanced Research Systems Inc. (ARS) is a company that designs and manufactures cutting-edge scientific research equipment for use in various fields such as materials science, physics, chemistry, and biology. Its product portfolio includes cryogenic equipment, such as cryostats and cryocoolers, as well as furnaces and temperature controllers. The company heavily invests in renewable energy sources, such as solar or wind power, to reduce its reliance on fossil fuels. It also engages with local communities to promote sustainability initiatives, such as organizing community clean-ups, and promoting conservation efforts. Besides, the company has developed a range of cryostats and cryocoolers that allow researchers to study materials at very low temperatures.

2. Air Liquide S.A.

Air Liquide S.A. is a French multinational company that specializes in industrial gases and services for various industries, such as healthcare, chemicals, food and beverage, and energy. It provides a wide range of services, including the production, distribution, and application of gases and related products, such as welding equipment, gas handling systems, and safety equipment. The company has a strong commitment to sustainable development and has set ambitious goals to reduce its own carbon footprint and help its customers achieve their sustainability objectives. It also has a strong emphasis on the health and safety of its employees, customers, and the communities in which it operates. The company has implemented rigorous safety procedures and training programs to prevent accidents and incidents.

3. AMETEK Inc.

AMETEK Inc. is a leading global manufacturer of electronic instruments and electromechanical devices. It offers analytical instruments, power quality analyzers, aerospace and defense instruments, pumps and compressors, motion control products, and medical devices. The company has a strong commitment to sustainability and corporate social responsibility. It has implemented various environmental initiatives to reduce its environmental footprint, including reducing greenhouse gas emissions, minimizing waste, and conserving water. The company has also committed to ethical and responsible business practices and has implemented policies and programs to promote diversity, inclusion, and employee well-being.

4. Brooks Automation Inc.

Brooks Automation Inc. is a technology company that provides automation solutions and services to the semiconductor, and life sciences industry. It offers a wide range of products and services, including atmospheric and vacuum robots, cryogenic vacuum pumps, and systems for wafer handling, reticle handling, and process tool automation. The company uses environmentally friendly materials and practices in its manufacturing processes, and its products are designed to minimize their environmental impact. It is committed to complying with all relevant environmental laws and regulations and is continuously improving its environmental performance. The company has developed intelligent automation solutions that use machine learning and artificial intelligence to optimize processes, reduce errors, and improve efficiency.

5. Chart Industries Inc.

Chart Industries Inc. is a global manufacturer of highly engineered equipment and technology used in the production, storage, and end-use of industrial gases, such as oxygen, nitrogen, and hydrogen, as well as cryogenic liquids, such as LNG (liquefied natural gas). It offers air separation units, vacuum-insulated pipes, biomedical storage systems, cryogenic storage tanks, and hydrogen and nitrogen generators. The company is investing in renewable energy sources, such as wind and solar power, to reduce its carbon footprint. It has a comprehensive environmental management system in place to ensure that its operations comply with environmental regulations and minimize environmental impacts. The company also conducts regular environmental audits and implements corrective actions when necessary.

6. Cryomech Inc.

Cryomech Inc. is a company that specializes in the development and manufacture of cryogenic equipments. Its product portfolio includes cryocoolers, pulse tube coolers, and cryogenic refrigeration systems. The company has a strong commitment to research and development and has been awarded numerous patents for its innovative designs. It also offers training and consulting services to customers who need help with cryogenic technology. Besides, the company has developed integrated cryocooler systems that combine multiple cooling stages into a single compact unit. These systems have a smaller footprint, consume less power, and are more reliable than traditional cryogenic systems.

7. Honeywell International Inc.

Honeywell International Inc. is a leading manufacturer of advanced cryocoolers for a variety of applications, including space and military operations, medical equipment, and scientific research. The company offers various products, including pulse-tube, Stirling, and joule-Thomson cryocoolers. It has implemented a number of initiatives to reduce waste and increase recycling in its operations. The company recycles a variety of materials, including paper, plastic, and metal. Additionally, it engages its employees in sustainability initiatives through education and training programs. The company also recognizes and rewards employees for their contributions to sustainability. It has established strict guidelines for its suppliers to ensure that they meet high standards for environmental and social responsibility.

8. Lake Shore Cryotronics Inc. 

Lake Shore Cryotronics Inc. is a privately held company that specializes in the development, manufacturing, and marketing of sensors, instruments, and systems for precision measurement and control of temperature, magnetic fields, and electrical properties in materials research and characterization. It offers various products, including temperature sensors, temperature controllers, cryogenic systems, magnetic field measurement systems, and electrical measurement systems. The company has implemented green manufacturing practices to reduce waste and conserve resources. It uses environmentally friendly materials and processes in its manufacturing operations. Additionally, the company has implemented recycling programs for paper, cardboard, and plastic materials.

9. Northrop Grumman Corporation

Northrop Grumman Corporation has a subsidiary called Cryogenic Systems and Technology (CST) that specializes in cryogenic technology. It offers a range of cryocoolers, including Stirling cycle cryocoolers, pulse tube cryocoolers, and Joule-Thomson cryocoolers. The company has set goals to reduce greenhouse gas emissions and water usage, among other sustainability targets. It has implemented a number of energy and resource conservation projects, including renewable energy projects and initiatives to reduce waste and recycle materials. Besides, the company has implemented several programs to promote diversity and inclusion, including unconscious bias training and employee resource groups for underrepresented communities.

10. RICOR Cryogenic & Vacuum Systems

RICOR Cryogenic & Vacuum Systems is a leading Israeli company that specializes in the design, development, and production of advanced cryogenic and vacuum systems for a wide range of applications. It offers cryocoolers, cryogenic systems, and vacuum products. The company has implemented a number of energy efficiency measures in its production facilities to reduce energy consumption and greenhouse gas emissions. It has also implemented a waste reduction program to minimize the amount of waste generated in its production processes. Additionally, the company has implemented a number of initiatives to support local schools, charities, and community organizations, and encourages its employees to volunteer their time and skills to support these initiatives.

11. Sumitomo Heavy Industries Ltd.

Sumitomo Heavy Industries, Ltd. is a leading manufacturer of cryocoolers. It offers Gifford McMahon (gm), pulse-tube, helium refrigerators, Stirling cryocoolers, and cryocooler systems. The company has implemented various initiatives to reduce waste and promote recycling in its cryocooler manufacturing processes. It has also implemented a green procurement policy for its cryocooler products, sourcing materials and components from suppliers who have environmentally friendly practices. Additionally, it has a comprehensive environmental management system in place for its cryocooler products, which includes regular monitoring of environmental performance, setting targets for improvement, and reporting on progress.

12. Superconductor Technologies Inc

Superconductor Technologies Inc. (STI) is a company that develops and commercializes high-temperature superconductor (HTS) materials and related technologies. Its product portfolio includes SuperLink HTS wire, Conductus wire, Amp Link cable, and Fault Current Limiter. The company has implemented initiatives to reduce its own environmental impact, such as reducing waste, conserving energy, and promoting sustainable transportation practices among its employees. Besides, it focuses on developing high-temperature superconductor (HTS) materials that are more energy-efficient than traditional materials. It has also developed innovative manufacturing processes and techniques for producing HTS materials and products, such as its reactive quenching and relaxation (RQR) process for producing high-performance HTS wire. 

13. Thales Group

Thales Group is a French multinational company that offers cryocoolers to maintain very low temperatures for a wide range of applications, including infrared detectors, superconducting electronics, and cooling of satellite payloads. The company offers pulse-tube, stirling, and Joule-Thomson cryocoolers. It is committed to reducing the environmental impact of its products throughout their entire lifecycle, from design and manufacturing to disposal. This includes the use of eco-design principles to reduce material consumption, energy consumption, and waste generation during product design and development. Additionally, the company has implemented a number of programs aimed at reducing waste and promoting recycling.

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