Cryogenic Storage Systems Market Global Report 2026

The cryogenic storage systems market size has grown strongly in recent years. It will grow from $8.73 billion in 2025 to $9.55 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rising demand for biological sample preservation, expanding pharmaceutical production, growing biotechnology research activities, increasing hospital and laboratory infrastructure, and rising use of liquefied gases in industrial applications.

The cryogenic storage systems market size is expected to see rapid growth in the next few years. It will grow to $14.15 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rising demand for long-term biobanking solutions, increasing adoption of automated cryogenic storage, growing need for high-capacity storage systems, expanding cell and gene therapy activities, and increasing requirements for efficient cryogenic preservation. Major trends in the forecast period include greater adoption of automated cryogenic storage systems, rising demand for high-capacity cryogenic storage solutions, growing use of advanced thermal insulation materials, increasing demand for low-evaporation-loss storage systems, and expanding adoption of portable and transportable cryogenic storage equipment.

The increasing adoption of cell and gene therapies is expected to propel the growth of the cryogenic storage systems market going forward. Cell and gene therapies refer to advanced treatments that modify, replace, or engineer cells and genetic material to treat, prevent, or potentially cure diseases. Cell and gene therapies are increasing due to the rising prevalence of genetic disorders and cancer, which is driving demand for targeted and potentially curative treatment options. The increasing adoption of cell and gene therapies supports cryogenic storage systems by increasing the need for ultra-low-temperature preservation of sensitive biological materials, ensuring their long-term viability, product integrity, and safe transportation. For instance, in February 2026, according to the Alliance for Regenerative Medicine (ARM), a US-based industry association, there were 2,130 active cell and gene therapy clinical trials and 1,856 developers globally in the fourth quarter of 2025, with $3.2 billion in sector investment during the quarter. Therefore, the increasing adoption of cell and gene therapies is driving the growth of the cryogenic storage systems market.

Key companies operating in the cryogenic storage systems market are focusing on delivering large-scale cryogenic storage equipment to support industrial gas applications and meet increasing requirements for reliable, high-capacity storage infrastructure. These systems are supplied in multiple-unit batches and manufactured according to international industrial safety standards, enabling customers to manage larger volumes of cryogenic gases across industrial applications. For example, in July 2025, Zhangjiagang CIMC Sanctum Cryogenic Equipment Co. Ltd., a China-based cryogenic equipment manufacturer, shipped 10 industrial gas storage tanks purchased by Zhongtai Cryogenics, a China-based cryogenic equipment integrator. The tanks were shipped through the Port of Shanghai to their final destinations, representing another stage in the companies' long-term collaboration. Zhangjiagang CIMC Sanctum Cryogenic Equipment Co. Ltd. stated that the project involved joint technical activities covering design drawings, production monitoring, and multiple pre-shipment inspections, with the equipment manufactured in accordance with international industrial safety standards. The delivery also demonstrated the company's transition from single-unit customization toward multi-specification batch production of large-scale industrial gas storage equipment.

In April 2026, Cryogenic Technology Resources, Inc. (CTR), a US-based industrial engineering and equipment company, acquired Allcryo, LLC for an undisclosed amount. Through this acquisition, Cryogenic Technology Resources, Inc. expanded its geographic presence across Texas and the western United States while enhancing its cryogenic and carbon dioxide service capabilities, allowing it to provide more integrated equipment, repair, pump, and lifecycle service solutions to customers in the industrial gas, food and beverage, and process industries. Allcryo, LLC is a US-based manufacturer of cryogenic storage systems, specializing in vacuum-insulated cryogenic storage tanks and related cryogenic equipment.

Major companies operating in the cryogenic storage systems market are Linde plc, Air Liquide S.A., Air Products and Chemicals Inc., Thermo Fisher Scientific Inc., Parker-Hannifin Corporation, Iwatani Corporation, Eppendorf SE, Azenta Inc., Cryoport Inc., Messer SE & Co. KGaA, SIAD Macchine Impianti S.p.A., Hamilton Company, Bluefors Oy, FIBA Technologies Inc., Cryofab Inc., So-Low Environmental Equipment Co. Inc., Statebourne Cryogenics Ltd., Cryo Industries of America Inc., PHC Holdings Corporation, Chart Industries Inc., BioLife Solutions Inc., LabRepCo LLC.

North America was the dominant region in the cryogenic storage systems market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the cryogenic storage systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cryogenic storage systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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