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Space Cryogenics Market Share

Report ID: GMI12194
Published Date: Nov 2024
Report Format: PDF

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Space Cryogenics Market Share

Thales, a global technology company, provides advanced cryogenic systems for satellite propulsion and scientific missions. The company specializes in cryogenic tanks, propulsion, and cooling solutions for governmental and commercial space programs. Northrop Grumman Corporation offers cryogenic propulsion and storage solutions for various missions, ranging from satellite launches to deep-space exploration. Absolut System develops cryogenic technologies, including low-temperature coolers and pumps, for high-efficiency thermal management in space applications. These technologies support spacecraft, satellites, and scientific instruments.

Space Cryogenics Market Companies

Major players operating in the space cryogenics industry are:

Absolut System
Advanced Cooling Technologies, Inc. (ACT)
Air Liquide
Bluefors
Chart Industries Inc.
Creare
Cryogenic Limited
Honeywell International Inc.
Janis Research Company LLC
Lake Shore Cryotronics, Inc.
Northrop Grumman Corporation
Oxford Instruments
Parker Hannifin Corporation
RICOR
Sumitomo Heavy Industries Ltd
THALES

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of space cryogenics reached USD 19.1 billion in 2024 and is set to grow at a 8.3% CAGR from 2025 to 2034, driven by advancements in cryogenic storage systems for efficient fuel use.

The less than 120 K segment accounted for the largest market share with 43.3% in 2024, primarily serving applications in superconductivity, particle physics, and space exploration.

The North America market held over 34.6% of the revenue share in 2024, led by government agencies like NASA and private companies such as SpaceX and Blue Origin.

The key players in the industry include Absolut System, Advanced Cooling Technologies, Inc. (ACT), Air Liquide, Bluefors, Chart Industries Inc., Creare, Cryogenic Limited, Honeywell International Inc., Janis Research Company LLC, Lake Shore Cryotronics, Inc.