Global Dilution Refrigerator Report 2025

In recent years, with the rapid development of quantum computing, dilution refrigerators (DRs), as core devices that can provide an extremely low temperature environment for qubits, have ushered in new business growth points.

The report aims to comprehensively review the development history, current status and future trends of dilution refrigerators, focus on its application potential and challenges in the quantum information science and technology, and conduct a detailed analysis of the latest developments of major global enterprises and research institutions.

Through a comprehensive analysis of the dilution refrigerator industry, this report aims to provide valuable reference information for the government, enterprises, scientific research institutes and all walks of life, and jointly promote the innovation and application of dilution refrigerator technology.

The first chapter of this report demonstrates the development of the dilution refrigerator industry.

The development of dilution refrigerators has progressed through several key milestones, marking its jumping from theoretical concepts and experimental verifications to commercialization and practical applications. It shows that dilution refrigerators are widely used in quantum computing, astronomical observation, nanomaterials, and condensed matter physics.

From the current point of view, the main groth point of dilution refrigerators comes from quantum computing, so the future development trend is roughly the same as that of quantum computers.

At present, DR technology and industry chain has been relatively mature. The upstream of the dilution refrigerator industry involves three aspects of liquid helium, core hardware (cryogenic pump, condensate pump, vacuum chamber, mixing chamber, heat exchangers, etc.), auxiliary hardware (cables, flanges, superconducting magnets, cryogenic measurement and control systems, etc.). Midstream integrators (e.g. Bluefors) synergize with downstream quantum computing companies (e.g. IBM), and formed a complete industrial chain.

The second chapter of this report demonstrates the dilution refrigerator product development.

This chapter focuses on the development path of dilution refrigerator products and provides a comprehensive overview and display.

At present, there are many products of dilution refrigerator, which mainly are dry-type. The tendencies are basically the same, such as larger sample space, greater cooling power, lower base temperature, etc.

The third chapter of this report showcases the development of the dilution refrigerator market.

This chapter exhibits the four application scenarios of dilution refrigerator technology and the corresponding examples, then forecasts the industry scale by the field, evaluates the market potential by the region, and lastly summarizes corporate investment and financing to reflect market activity.

The dilution refrigerator market is currently in a stage of sustained growth, and market confidence is increasing. It is expected to usher in a rapid growth with the explosion of quantum computing around 2027. According to the prediction, the DR Industry CAGR is 27.19% from 2024 to 2035E, which shows the strong market demand.

In terms of financing, most dilution refrigerator enterprises were established earlier, so there is less financing in the recent years.The relevant Chinese companies are start-ups established in recent years, in urgent need of investment; but for various considerations, less disclosure of financing.

The fourth chapter of this report shows the research institutes and core companies in the field of dilution refrigerator.

This chapter summarizes the global distribution of research institutes and companies on dilution refrigerators and their recent developments.

The report highlights the important achievements of eight institutes in the field of dilution refrigerator, namely, the University of Oxford, the University of Leiden, the University of Manchester, the CEA, the Institute of Physics Chinese Academy of Sciences, the Bavarian Academy of Sciences and Humanities, Fermi National Laboratory, and Anhui University.

In addition, the report highlights twelve representative companies, namely, Bluefors of Finland, Oxford Instruments and ICEoxford of the United Kingdom, Leiden-Cryogenics of the Netherlands, CryoConcept of France, FormFactor and Maybell Quantum Industries of the United States, Zero Point Cryogenics of Canada, ZL Cryogenics, Zhongke Measuring Instrument Technology, CSSC Pride Cryogenic Technology, and Physike of China. In particular, Bluefors was established in 2008, much later than some old dilution refrigerator manufacturers such as Oxford Instruments, Leiden-Cryogenics. But Bluefors seized on quantum computing and aggressively adapted quantum computers to meet their needs, capturing the most market share. Furthermore, the Bluefors Lab was also launched to provide quantum measurement services to customers.

The dilution refrigerator market shows oligopolistic competition pattern, Bluefors, Oxford Instruments occupy >70% market share, other emerging companies through independent research and development to enter, try to break the existing competition pattern.