In 2023, the actual import value of machinery for liquefying air or other gases to the US stood at approximately $157 million. Forecasts indicate a steady growth in import values from 2024 to 2028, reaching $183.44 million by 2028. The year-on-year growth rates suggest a consistent upward trend, with each year experiencing incremental increases. The compound annual growth rate (CAGR) over this five-year period indicates a healthy industry expansion.

Future trends to watch for include:

Technological advancements improving efficiency and capacity, potentially driving further demand.
Regulatory changes influencing import dynamics and industry standards.
Developments in related industries such as renewable energies could impact demand for liquefaction machinery.