Cryogenic Submerged Motor Pumps Market

Cryogenic Submerged Motor Pumps Market Outlook (2025 to 2035)

The cryogenic submerged motor pumps market is valued at USD 1946.74 million in 2025. As per Fact.MR analysis, the industry will grow at a CAGR of 3.5% and reach USD 2746.07 million by 2035.

In 2024, the cryogenic submerged motor pump industry showed a steady recovery across core sectors, driven by improved LNG trade flows, a rebound in industrial gas demand, and gradual project restarts in the petrochemical and gas processing sectors.

Fact.MR analysis found that capital expenditure in cryogenic infrastructure, particularly in East Asia and the Middle East, continued at a steady pace. However, rising input costs, particularly for stainless steel and specialty alloys, have pressured the margins of midstream equipment.

As the industry sets off into 2025, the sector stands ready for strong growth, its worldwide valuation anticipated at USD 1,946.74 million. Fact.MR believes rising investment in LNG liquefaction and regasification facilities, led by South Asia and Africa, will build new pipelines of demand. Rapid industrialization regions are set to set their sights on cryogenic handling capacity, which will drive adoption of submerged motor pump systems among new terminals and energy infrastructure.

During the forecast period between 2025 and 2035, the segment is anticipated to grow at a compound annual growth rate (CAGR) of 3.5% to reach USD 2,746.07 million by 2035. According to Fact.MR analysis, technological advancements in motor assemblies and the adoption of intelligent monitoring systems will drive replacement demand in developed economies.

Strategic partnerships between OEMs as well as EPC contractors are expected to become more intense as customers increasingly demand equipment with extended lifecycle performance warranty and robust aftersales support.

Key Metrics

Metric	Value
Estimated Size in 2025	USD 1946.74 Million
Projected Size in 2035	USD 2746.07 Million
CAGR (2025 to 2035)	3.5%

Fact.MR Survey Results: Market Dynamics Based on Stakeholder Perspectives

(Surveyed Q4 2024, n=500 stakeholder participants evenly distributed across manufacturers, distributors, end users, and engineers in the USA, Western Europe, Japan, and South Korea)

Key Priorities of Stakeholders

• Regulatory Compliance: 80% of global stakeholders emphasized that compliance with environmental regulations, such as emissions standards and energy efficiency, was a "critical" priority.
• Durability & Performance: 72% highlighted the importance of high durability and performance, especially in harsh operating conditions typical for cryogenic applications.

Regional Variance:

• USA: 75% focused on energy efficiency to align with the growing demand for sustainable technologies.
• Western Europe: 84% emphasized sustainability, including the use of recyclable materials and reduced carbon emissions.
• Japan/South Korea: 70% focused on system longevity and reduced maintenance due to the operational intensity of cryogenic systems in the region.

Embracing Advanced Technologies

• USA: 60% of manufacturers implemented IoT-based remote monitoring systems for pumps, improving operational efficiency and reducing downtime.
• Western Europe: 54% adopted automated control systems and advanced diagnostics for predictive maintenance.
• Japan: Only 35% of stakeholders adopted automation technologies, citing concerns over high initial investment costs for smaller facilities.

Convergent & Divergent Perspectives on ROI:

• USA: 68% considered automation investments "worthwhile" due to productivity gains, while Japan remained cautious, with only 30% seeing automation as viable for smaller-scale operations.

Material Preferences

• Consensus: 68% of stakeholders favored high-strength steel for cryogenic pumps due to its ability to withstand extreme temperatures and pressure.

Regional Variance:

• Western Europe: 45% selected aluminum alloys for lighter weight and sustainability, a growing trend driven by regulatory pressure for lower carbon footprints.
• Japan/South Korea: 55% chose hybrid materials, such as stainless-steel-coated alloys, to balance cost with corrosion resistance in humid environments.
• USA: 72% opted for durable steel models, particularly in high-demand sectors such as LNG facilities.

Price Sensitivity

• Shared Challenges: 85% of global respondents cited rising raw material costs, particularly for steel and aluminum, as a key concern impacting profitability.

Regional Differences:

• USA: 65% of stakeholders were willing to pay a premium (up to 20%) for pumps with enhanced automation or remote monitoring capabilities.
• Japan/South Korea: 80% preferred lower-cost, no-frills models, showing less interest in premium features due to cost sensitivities.
• Western Europe: 70% were open to paying a premium for pumps that met sustainability and energy efficiency standards.

Pain Points in the Value Chain

Manufacturers:

• USA: 60% reported difficulties in managing supply chain disruptions and sourcing high-quality raw materials.
• Western Europe: 50% cited delays in production timelines due to strict environmental regulations and compliance requirements.
• Japan/South Korea: 55% mentioned challenges in maintaining high levels of production while adhering to local energy-saving standards.

Distributors:

• USA: 75% reported difficulties in managing inventory delays caused by global supply chain disruptions.
• Western Europe: 65% faced price competition from low-cost manufacturers in Eastern Europe.
• Japan/South Korea: 60% identified logistical inefficiencies in rural regions, making timely delivery difficult.

End Use (LNG Plants, Industrial Gas Applications):

• USA: 50% cited high maintenance costs for pumps used in cryogenic applications as a significant concern.
• Western Europe: 45% reported challenges in retrofitting older cryogenic systems for new efficiency standards.
• Japan/South Korea: 60% complained about insufficient local technical support for maintaining high-tech cryogenic pumps.

Future Investment Priorities

• Alignment: 72% of manufacturers plan to invest in energy-efficient and automated cryogenic systems to stay competitive in the evolving landscape.

Divergence:

• USA: 60% focused on automation and remote diagnostics systems to enhance system uptime.
• Western Europe: 50% aimed to reduce carbon footprints through green technologies like energy-efficient pumps.
• Japan/South Korea: 48% focused on space-saving cryogenic pump designs to optimize limited infrastructure in industrial applications.

Regulatory Impact

• USA: 68% of stakeholders stated that state-level environmental regulations, such as California's Prop 39, were "significantly disruptive," driving up costs and changing operational strategies.
• Western Europe: 80% viewed EU regulations, like the Green Deal and upcoming 2027 emissions targets, as a key factor for future product development and opportunities for growth in premium pump technologies.
• Japan/South Korea: 45% felt the impact of regulatory changes was moderate, primarily due to slower enforcement and adaptation in certain sectors.

Conclusion: Variance vs. Consensus

• High Consensus: There is a high consensus that environmental compliance, durability, and cost pressures are global priorities for cryogenic submerged motor pumps.

Key Variances:

• USA: Strong focus on automation and energy efficiency.
• Western Europe: Leadership in sustainability with high demand for energy-efficient, low-carbon solutions.
• Japan/South Korea: Preference for cost-effective and space-efficient designs to cater to high-density industrial environments.

Strategic Insight:

A regionalized approach is critical for success in the industry. Tailoring product offerings to meet the specific demands of each region, such as automation in the USA and sustainability in Europe, will be key to increasing industry share.

Impact of Government Regulation

Country/Region	Regulatory Impact & Mandatory Certifications
United States	Strict environmental and safety standards under the EPA influence manufacturing practices. Certification requirements like UL (Underwriters Laboratories) and CE marking are mandatory for exports.
Germany	Enforces EU regulations like CE certification. Stringent requirements for emissions and safety under the European Union’s machinery directives.
China	Compliance with national standards (GB standards) for safety and efficiency is required. Certification from the China National Accreditation Service for Conformity Assessment (CNAS) is often needed for imports.
Japan	Adherence to JIS (Japanese Industrial Standards) and KHK (Japanese Hydraulic Engineering Society) certifications is mandatory for compliance.
India	ISO standards are adopted, and BIS (Bureau of Indian Standards) certifications are required for manufacturing and sales. Environmental standards are also enforced.
United Kingdom	The UK adheres to EU standards (CE marking) for safety and environmental compliance. Full product certification is necessary for industry entry, even post-Brexit.
South Korea	Compliance with KS (Korean Standards) certifications for equipment is mandatory. Safety and environmental regulations must be followed.
France	Requires CE certification for compliance with EU regulations. Both French law and EU directives govern environmental and safety standards.
Australia	Compliance with AS (Australian Standards) for safety is essential. Equipment must meet environmental protection standards for importation.
Russia	Compliance with GOST R (Russian national standard) certifications and regulatory oversight for industrial equipment is mandatory.

Market Analysis

The industry is on a steady growth trajectory, driven primarily by expanding global LNG infrastructure and rising industrial gas demand. Fact.MR analysis found that suppliers with advanced pump designs and integrated monitoring technologies stand to benefit most, while legacy manufacturers relying on conventional systems risk losing competitiveness. Emerging economies investing in energy diversification, particularly in South Asia and Africa, are expected to be key demand hubs through 2035.

Top 3 Strategic Imperatives for Stakeholders

Accelerate Technology Integration

Executives should invest in smart pump systems with real-time diagnostics, remote monitoring, and energy-efficient submerged motors to meet rising performance expectations and regulatory benchmarks in LNG and industrial gas sectors.

Align Offerings with Regional LNG Expansion

Align product portfolios and service models with the growing LNG infrastructure in South Asia, Africa, and the Middle East by localizing technical support and customizing solutions for high-throughput cryogenic handling environments.

Strengthen OEM-EPC Collaboration Channels

Build long-term partnerships with EPC firms and end users through joint R&D programs, co-engineering initiatives, and lifecycle service contracts to secure strategic contracts and improve customer retention in high-growth infrastructure projects.

Top 3 Risks Stakeholders Should Monitor

Risk	Probability & Impact
Raw Material Price Volatility - Fluctuations in the cost of stainless steel and specialty alloys could compress margins and disrupt manufacturing timelines, especially for firms lacking procurement hedging mechanisms [Source: World Bank Commodities Outlook].	High Probability, High Impact
LNG Project Delays - Postponement or cancellation of LNG infrastructure investments in emerging regions due to political instability, funding constraints, or policy shifts could dampen equipment demand and strain OEM order books.	Medium Probability, High Impact
Technological Obsolescence - Rapid innovation in smart pump diagnostics and motor efficiency may render older product lines less competitive, requiring accelerated R&D cycles and capital reinvestment to retain industry share.	Medium Probability, Medium Impact

Executive Watchlist

Priority	Immediate Action
Monitor Raw Material Prices	Run feasibility studies on sourcing alternative materials, such as nickel-based inserts, to mitigate price volatility.
LNG Infrastructure Expansion	Initiate strategic discussions with EPC firms in high-growth regions (South Asia, Africa) to secure early project engagements.
Digitization & Smart Pump Technology	Launch an R&D collaboration with tech partners to integrate AI and IoT into pump systems for real-time diagnostics and predictive maintenance.

For the Boardroom

To stay ahead in the competitive scenario, companies must prioritize accelerating technological advancements in smart pump systems, with a focus on AI integration and predictive maintenance features. This will enable differentiation in a competitive landscape, especially in high-growth regions like South Asia and Africa, where LNG infrastructure investments are poised for rapid expansion.

Additionally, the client must strategically engage with EPC firms early in emerging regions to secure long-term partnerships and secure placement in key energy projects. By proactively addressing raw material price volatility through alternative sourcing strategies and integrating these innovations into their product offerings, the client can position themselves as a leader in the evolving industry, ensuring sustained growth and a resilient supply chain.

Segment-wise Analysis

By Product Type

Centrifugal pumps in the industry are expected to grow at a CAGR of 3.4% from 2025 to 2035. These pumps dominate due to their reliability, cost-effectiveness, and high flow rates, making them ideal for handling large volumes of cryogenic fluids in industrial applications. The growth in the demand for LNG and industrial gases is expected to drive the need for centrifugal pumps, particularly in energy-intensive sectors.

They are highly efficient in maintaining stable performance over long periods, which is critical for operations like LNG storage and regasification. Manufacturers are also investing in innovations to improve energy efficiency and reduce wear and tear in centrifugal pumps, further solidifying their leadership. However, rising operational costs and the shift towards more specialized pump solutions may slow their adoption in specific high-performance niches like aerospace or deep-sea applications.

By End-use

The power generation sector will be most profitable, growing at a CAGR of 3.2% from 2025 to 2035. This demand is fueled by the rising requirement for power plant energy efficiency, especially those aimed at liquefied natural gas (LNG) and gas-based generation. As power plants evolve towards eco-friendlier fuels, demand for application-specific pumps to work with liquefied fuels and deal with cryogenic fluids in power generation systems will increase.

Secondly, innovation in power plant technologies involving the precise control of cryogenic fluids will increase demand for dedicated pumps. Power generation in developing economies, including those in South Asia and Africa, will also open up fresh opportunities for growth, making this segment a core driver for the industry.

By Application

LNG as an application segment is projected to grow at a CAGR of 4.0% from 2025 to 2035. The demand for pumps in LNG liquefaction, storage, and regasification facilities will stay firm as LNG trade and consumption are expected to increase globally. High-performance pumps will be needed due to continued technological developments with respect to LNG infrastructures, especially with respect to the emerging economies of Asia-Pacific and the Middle East.

LNG somehow seems a sustainable alternative to coal and oil, which is again boosting applications in LNG technology, including pumps. Furthermore, LNG storage tanks require precise temperature control, and specialized pumps are integral to maintaining the necessary low temperatures.

Country-wise Insights

USA

In the USA the industry will grow at a CAGR of 3.8% during 2025 to 2035 due to the growth in the liquefied natural gas (LNG) industry and the ongoing demand for energy-efficient technology. The USA possesses a high level of investment in LNG infrastructure, such as liquefaction and regasification facilities, which drives demand for cryogenic pumps.

Regulatory pressures, for example, tightened safety requirements from the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA), are influencing equipment design towards higher energy efficiency and safety. Growing demand for renewable energy projects that necessitate energy storage solutions should also continue driving demand for cryogenic pumps.

UK

The UK sales is expected to register a CAGR of 3.4% during the period from 2025 to 2035, driven by demand mainly due to the UK's efforts to cut carbon emissions and increase its energy transition infrastructure. The Net Zero 2050 policy of the UK government is aimed at cutting greenhouse gas emissions, which affects the demand for energy-efficient technologies such as cryogenic pumps in LNG and hydrogen applications.

There is additionally a greater focus on sustainability and recyclable materials usage in production, as proposed by the EU Green Deal. The UK renewable energy industry, particularly offshore wind and hydrogen initiatives, is likely to further boost the demand for cryogenic pumps. However, firms are experiencing challenges like increased operating costs related to compliance with CE Certification standards and supply chain delays brought about by Brexit-imposed disruptions.

France

The industry is predicted to grow at a rate of 3.2% CAGR in France in the assessment period. The emphasis on sustainability and clean energy initiatives in France, such as an increase in LNG import facilities as well as hydrogen production units, is a major driving factor for growth. The efforts of the French government to curtail emissions and its active involvement in the EU Green Deal are encouraging sectors to implement energy-efficient solutions such as cryogenic pumps.

France's nuclear energy industry, which is anticipated to grow, may also indirectly help fuel the need for energy storage products, such as cryogenic pumps. Regulatory requirements, including CE Marking, are critical for manufacturers, as compliance with safety and environmental standards is a must for distributing equipment within the EU. Furthermore, high labor costs and environmental regulations make cost management a challenge, influencing the push toward automation and digitization in cryogenic pump systems.

Germany

The country's emphasis on clean energy, especially in LNG infrastructure as well as hydrogen production, is fueling demand for energy-efficient and dependable cryogenic pumps. Germany's energy transition policy, the Energiewende, encompasses the growth of renewable energy and natural gas, which has a direct influence on the demand for cryogenic pumps.

Furthermore, the government's Climate Action Plan is in step with the increased application of cryogenic technologies in energy storage and transport. Being at the vanguard of EU carbon-neutral strategy in Germany subjects manufacturers and operators to mounting pressure to implement more environmentally friendly technologies, which favor the cryogenic pumps industry. Germany’s revenue is anticipated to achieve a CAGR of 3.9% during the forecast period.

Italy

Italy is also a participant in the EU's aggressive carbon reduction targets, which will continue to fuel demand for energy-efficient technologies. Laws, such as CE Certification, are very strict in Italy to ensure that products are of high safety and environmental standards. But local factors, such as high cost of manufacturing and regulatory complexity, might be a challenge to growth.

In Italy, the industry is projected to grow at a 3.1% CAGR during the forecast period. Italy's energy sector, including natural gas and renewable energy initiatives, fuels the demand for cryogenic pumps. With the nation moving away from coal and oil and towards cleaner sources of energy, there is an increased thrust to increase LNG and hydrogen infrastructure.

South Korea

The South Korean government focuses on energy efficiency, with its Energy Use Rationalization Act through demand for advanced cryogenic technology in LNG and hydrogen production. Another factor contributing to increased spending on cryogenic pumps is the strategic location in the Asia-Pacific region with the country having important energy import/export terminals.

Furthermore, South Korea's plans for clean energy, like greenhouse gas emission reduction, are also in line with the growing demand for energy-efficient cryogenic solutions. In addition, all cryogenic pump products require mandatory certifications such as KC Mark Certification to indicate conformity to safety and quality standards. South Korea’s revenue for the industry is estimated to expand by a CAGR of 4.1% between 2025 and 2035.

Japan

Japan’s sales is expected to develop at a CAGR of 3.3% during the period 2025 to 2035. High focus on energy efficiency, environmental regulations, and LNG infrastructure development strongly drive the demand for cryogenic pumps in Japan. The Japanese Energy Conservation Law encourages energy conservation programs, wherein cryogenic pumps find favorable acceptance for energy storage and transportation.

Accelerated utilization of hydrogen as an alternative fuel source will consequently stimulate the growth of cryogenic pump application as hydrogen production and storage technologies mature. Japan's measures on environmental sustainability and its involvements in the international treaties of carbon reduction will foster the rapid acceptance of cryogenic technology.

China

China’s revenue for the industry is predicted to grow at a CAGR of 5.2% from 2025 to 2035. As the global leader in importing natural gas, China's cryogenic pump demand closely follows its expanding LNG infrastructure and efforts towards a shift to cleaner energy sources.

The Chinese government’s Green Energy Policy as well as emphasis on sustainable energy production, including hydrogen, drives demand for efficient cryogenic technologies. China’s industrial base, which heavily relies on cryogenic applications in manufacturing as well as energy storage, is anticipated to drive strong and growing demand for cryogenic pumps.

Competitive Landscape

The cryogenic submerged motor pumps industry remains moderately consolidated, with a few global players dominating high-value contracts in LNG and industrial gas infrastructure. However, regional fragmentation persists due to the presence of specialized domestic manufacturers catering to localized cryogenic applications.

Leading companies are competing primarily through innovation and performance optimization, with growing emphasis on energy efficiency, low-temperature material durability, and system longevity. In emerging scenarios, pricing remains a competitive lever, whereas in mature economies, players focus on advanced product engineering, system integration, and turnkey project delivery.

Strategic partnerships and geographic expansion-particularly across Asia-Pacific and the Middle East-remain key growth priorities as LNG and hydrogen infrastructure continues to scale.

In January 2024, Ebara Corporation announced the acquisition of Cryostar SAS’s submerged motor pump division from the Linde Group to expand its cryogenic solutions portfolio and reinforce its LNG offerings across Europe and Asia.

Similarly, in March 2024, Nikkiso Co., Ltd. entered into a strategic partnership with Linde Engineering to co-develop hydrogen-compatible cryogenic pumps for modular hydrogen refueling stations.

In April 2024, Flowserve Corporation launched its “V Series” cryogenic submerged motor pump for hydrogen liquefaction applications, offering a 12% boost in energy efficiency over previous models.

Market Share Analysis

Nikkiso Co., Ltd. (Japan): 20-25%

Nikkiso has a strong presence in Asia as well as North America, dominating the cryogenic pumps industry for LNG and hydrogen applications. Its share is expected to increase gradually up to 2035. Nikkiso has made significant strides in hydrogen infrastructure, including fueling stations, and has entered significant strategic partnerships with global energy leaders like Shell and Air Liquide. Nikkiso's leadership in the LNG and hydrogen sectors, combined with continued efforts at expansion, positions it for long-term growth in the next decade.

Flowserve Corporation (USA): 15-20%

Flowserve is a long-established cryogenic pump leader with a significant share in the oil & gas sector. It continues to be the go-to supplier for LNG terminals, capitalizing on its knowledge of delivering modular pump solutions. Its expansion is fueled by its leadership in cryogenic applications as well as its emphasis on delivering efficient and cost-effective solutions. Flowserve's flexibility towards technological developments and its strong presence in the North American industry drive its growth prospects from 2025 to 2035.

Ebara Corporation (Japan): 12-18%

Ebara has established itself firmly as a prominent liquid hydrogen pump supplier. It is largely led by government-backed hydrogen projects in Japan as part of its Green Growth Strategy. With a core focus on the hydrogen industry, Ebara stands to gain significantly from the rising global transition to clean energy. Its established client base in cryogenic pumps andthe expansion of hydrogen infrastructure will drive its growth in the future.

Cryostar SAS (France, Linde Engineering):10-15%

Cryostarisa specialist in small-scale LNG and bio-LNG pumps, making it a vital participant in Europe's energy transition. Its robust presence within the Europe, especially for LNG application, is its growth driver. Its specialization in niche uses such as bio-LNG, together with its continuous investment in research and development, sets it for consistent growth within the cryogenic pump industry during the forecast period. Baker Hughes (USA):8-12%

Sundyne LLC (US): 5-10%

Sundyne specializes in high-pressure cryogenic pumps, mainly for industrial gases such as helium and nitrogen. Its growth is likely to be driven by its entry into important industrial gas applications as well as its capability of providing specialized high-pressure pump solutions. With a special focus on helium and nitrogen, Sundyne has the opportunity to gain industry share as the demand for these gases continues to grow. Sundyne's good performance in niche sectors guarantees consistent growth prospects through 2035.

Other Key Players

• ITT Inc.
• KSB SE & Co. KGaA
• Pentair PLC
• Cameron (Schlumberger)
• Spx Flow
• Emerson Electric Co.
• ClydeUnion Pumps (SPX Flow)
• Hydro Inc.
• Wilo SE
• Grundfos
• Tuthill Corporation
• Dover Corporation
• Warren Pumps LLC
• Methode Electronics Inc.
• Sandeep Engineers
• Vaughan Company Inc.
• Vanzetti Engineering
• Hunan Neptune Pump Co., Ltd.
• Shinko IND., Ltd.
• CYY Energy
• Huzhou Brightway Cryogenic Equipment Co., Ltd
• Beijing Long March Tianmin Hi-Tech Co., Ltd.

Cryogenic Submerged Motor Pumps Market Segmentation

By Product Type:

• Centrifugal Pump
• Reciprocating Pump

By End Use:

• Power Generation
• Oil & Gas
• Automotivea
• Mining
• Others

By Application:

• LNG
• LPG
• Industrial Gases

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa