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Global Cryogenic Tanks Market to reach USD 9.51 billion by 2027.

Global Cryogenic Tanks Market Size study, by Cryogenic Liquid (Liquefied Natural Gas (LNG), Liquid Nitrogen, Liquid Oxygen, Liquid Hydrogen and Other), by Application (Storage and Transportation), by End-user (Manufacturing, Healthcare, Food Industry and Others), and Regional Forecasts 2021-2027

Product Code: OIRIME-15721710
Publish Date: 6-05-2021
Page: 200

Global Cryogenic Tanks Market is valued approximately at USD 6.54 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.50% over the forecast period 2021-2027. Cryogenic tanks are used to store cryogenic liquids such as argon, nitrogen, helium and many others at -150℃ or lower. Growth of end-use industries such as automobiles, food and beverages, electronic, healthcare and others, strategic initiatives by market players, and growth of e-commerce which is growing the demand of end-use industry’s products such as electronics, packaged food and others are furling the demand in the market. For instance, in September 2019, Air Products and Debang Group formed a joint venture to start New Syngas Project. This new project was expected to advance the gasification growth strategy in the Xuwei National Petroleum Park. Also, according to Statista, consumer electronics retail e-commerce revenue in the United States has increased from USD 48,450 million in 2017 to USD 69,962 million in 2020 and is expected to reach USD 88,393 million in 2025. Furthermore, rising research and development in healthcare sector and growth in electric vehicle which is expected to grow automobiles sector are anticipated to fuel the demand for cryogenic tanks in coming years. However, high capital cost in installation of cryogenic tanks and concerns regarding cryogenic leakages may hinder the growth during forecast period.

Among Asia Pacific, North America, Europe, Latin America, and Rest of the World, Asia Pacific is dominating the world market in terms of revenue and is expected to grow at the fastest pace during forecast period. This growth can be attributed to factors such as rising demand for industrial gases from various end-use industries such as fabrication, metals and others in the regions such as China and India. Also, growing use of liquid nitrogen for refrigeration of the electronic products throughout the manufacturing process is expected to support the demand during forecast period 2021-2027.
Major market player included in this report are:

Chart Industries
Cryofab
INOX India
Linde PLC
Air Products
Cryolor
Air Water Inc.
Wessington Cryogenics
Super Cryogenic Systems Pvt Ltd.
FIBA Technologies

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Cryogenic Liquid:
Liquefied Natural Gas (LNG)
Liquid Nitrogen
Liquid Oxygen
Liquid Hydrogen
Other
By Application:
Storage
Transportation
By End-user:
Manufacturing
Healthcare
Food Industry
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Cryogenic Tanks Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Cryogenic Tanks Market, by Region, 2019-2027 (USD Billion)
1.2.2. Cryogenic Tanks Market, by Cryogenic Liquid, 2019-2027 (USD Billion)
1.2.3. Cryogenic Tanks Market, by Application, 2019-2027 (USD Billion)
1.2.4. Cryogenic Tanks Market, by End-user, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cryogenic Tanks Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cryogenic Tanks Market Dynamics
3.1. Cryogenic Tanks Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growth of e-commerce
3.1.1.2. Strategic moves b market players
3.1.2. Market Restraint
3.1.2.1. High installation cost
3.1.2.2. Cryogenic leakages
3.1.3. Market Opportunities
3.1.3.1. Research and development in healthcare sector
3.1.3.2. Growing demand of electronic vehicles
Chapter 4. Global Cryogenic Tanks Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cryogenic Tanks Market, by Cryogenic Liquid
5.1. Market Snapshot
5.2. Global Cryogenic Tanks Market by Cryogenic Liquid, Performance – Potential Analysis
5.3. Global Cryogenic Tanks Market Estimates & Forecasts by Cryogenic Liquid 2018-2027 (USD Billion)
5.4. Cryogenic Tanks Market, Sub Segment Analysis
5.4.1. Liquefied Natural Gas (LNG)
5.4.2. Liquid Nitrogen
5.4.3. Liquid Oxygen
5.4.4. Liquid Hydrogen
5.4.5. Other
Chapter 6. Global Cryogenic Tanks Market, by Application
a. Market Snapshot
6.1. Global Cryogenic Tanks Market by Application, Performance – Potential Analysis
6.2. Global Cryogenic Tanks Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.3. Cryogenic Tanks Market, Sub Segment Analysis
6.3.1. Storage
6.3.2. Transportation
Chapter 7. Global Cryogenic Tanks Market, by End-user
b. Market Snapshot
7.1. Global Cryogenic Tanks Market by End-user, Performance – Potential Analysis
7.2. Global Cryogenic Tanks Market Estimates & Forecasts by End-user 2018-2027 (USD Billion)
7.3. Cryogenic Tanks Market, Sub Segment Analysis
7.3.1. Manufacturing
7.3.2. Healthcare
7.3.3. Food Industry
7.3.4. Others
Chapter 8. Global Cryogenic Tanks Market, Regional Analysis
8.1. Cryogenic Tanks Market, Regional Market Snapshot
8.2. North America Cryogenic Tanks Market
8.2.1. U.S. Cryogenic Tanks Market
8.2.1.1. Cryogenic Liquid breakdown estimates & forecasts, 2018-2027
8.2.1.2. Application breakdown estimates & forecasts, 2018-2027
8.2.1.3. End-user breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Cryogenic Tanks Market
8.3. Europe Cryogenic Tanks Market Snapshot
8.3.1. U.K. Cryogenic Tanks Market
8.3.2. Germany Cryogenic Tanks Market
8.3.3. France Cryogenic Tanks Market
8.3.4. Spain Cryogenic Tanks Market
8.3.5. Italy Cryogenic Tanks Market
8.3.6. Rest of Europe Cryogenic Tanks Market
8.4. Asia-Pacific Cryogenic Tanks Market Snapshot
8.4.1. China Cryogenic Tanks Market
8.4.2. India Cryogenic Tanks Market
8.4.3. Japan Cryogenic Tanks Market
8.4.4. Australia Cryogenic Tanks Market
8.4.5. South Korea Cryogenic Tanks Market
8.4.6. Rest of Asia Pacific Cryogenic Tanks Market
8.5. Latin America Cryogenic Tanks Markets Snapshot
8.5.1. Brazil Cryogenic Tanks Market
8.5.2. Mexico Cryogenic Tanks Market
8.6. Rest of The World Cryogenic Tanks Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Chart Industries
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Cryofab
9.2.3. INOX India
9.2.4. Linde PLC
9.2.5. Air Products
9.2.6. Cryolor
9.2.7. Air Water Inc.
9.2.8. Wessington Cryogenics
9.2.9. Super Cryogenic Systems Pvt Ltd.
9.2.10. FIBA Technologies

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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