Sophia Jonson
This detailed market study covers cryogenic tanks market growth opportunities and competitive scenarios, which can assist the stakeholders in understanding market trends and prospects in the cryogenic tanks market. The market report focuses on data from a combination of primary and secondary sources and analyses the information using numerous tools. The research report also offers a detailed analysis of each segment in the cryogenic tanks market and evaluates the impact of COVID-19 outbreak on the industry.
Cryogenic Tanks Market Competitive Rivalry
The market report includes an analysis of the competitive landscape present in the industry. It consists of an assessment of the existing and ongoing trends that players can invest in. The notable players in the Cryogenic Tanks market are Linde PLC, INOX (India) Ltd., Wessington Cryogenics, Cryolor SA, Gardner Cryogenic, Chart Industries, Inc., Cryofab, Inc., FIBA Technologies, Nikkiso Cryo, and ISISAN, among others.
Cryogenic Tanks Market Drivers
The accelerating demand for Liquefied Natural Gas (LNG) across the globe, followed by the strong demand among the healthcare sector, especially in the emerging countries, are the significant factors that are surging the demand of the cryogenic tanks market. Moreover, the rising demand for nitrogen in the food & beverage industry for storing, preserving, and freezing food items is responsible for the expansion of the cryogenic tanks market size over the coming years. Furthermore, continuous technological advancement has led to increased utilization of cryogenic tanks in hydrofracturing procedures to reduce water usage in various applications. On the other edge of the spectrum, the rising cost of raw materials and operational coss are likely to hamper the growth of the cryogenic tanks market.
Cryogenic Tanks Market Segmentation
The chapter of segmentation provides the readers with an overview of the cryogenic tanks market, such as its products, applications, and other relevant factors of the industry. Understanding the market segments helps in identifying the importance of different factors that surges market growth over the forecast period (2020-2027).
Segment by Raw Material:
- Steel
- Nickel Alloy
- Aluminum Alloy
- Others
Segment by Cryogenic Liquid:
- Liquid Nitrogen
- Liquefied Natural Gas (LNG)
- Liquid Hydrogen
- Liquid Oxygen
- Others
Segment by Application:
- Storage
- Transportation
Segment by End-use Industry:
- Metal Processing
- Energy Generation
- Electronics
- Medical Technology
- Food & Beverage
- Water Treatment
- Others
Segment by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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