Cryogenic Tanks Market – Global Opportunities & Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the market
is also carried out in North America, Asia-Pacific, Europe, and the Rest of the
World. The report indicates growth parameters in the regional markets, along
with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Cryogenic Tanks
Market are:
·
Chart Industries, Inc.
·
Cryofab, Inc.
·
Linde PLC
·
Cryolor SA
·
Gardner Cryogenic
·
INOX (India) Ltd.
·
Wessington Cryogenics
·
FIBA Technologies
·
Nikkiso Cryo
·
ISISAN
Drivers of the Cryogenic Tanks Market:
The significant factors contributing to the growth of the cryogenic tanks market
include the rising demand for Liquefied Natural Gas (LNG) across the
world, coupled with the growing demand for healthcare services in developing
countries. Moreover, the growing demand for nitrogen in the food &
beverages industry to preserve, store, and freeze food items is also driving
the growth of the cryogenic tanks market globally. Technological advancement
leads to the utilization of cryogenic tanks in hydrofracturing procedures to
minimize water usage in such applications. The increasing number of electronics
and gadgets are being manufactured for the convenience of consumers. The rising
penetration of the internet is a key factor fuelling the growth of the
electronics and consumer electronics market. Most of the work, including
groceries, booking transportation tickets, shopping for clothes, movie and
event tickets, is being done online via mobile devices and computers.
Increasing demand for low-temperature operations in several
end-use industries such as metal processing, food technology, healthcare, and
others will accelerate market growth. The cryogenic tanks are particularly
designed to be used for keeping away the heat contained in the vessel from the
liquid. The rising healthcare industry globally, along with high R&D
spending in the pharmaceutical industry, are some factors propelling the growth
of the market. On the other hand, factors such as growing concerns associated
with cryogenic leakages and high capital costs will hinder the market growth.
On the other edge of the spectrum, rising raw material costs and high operating
costs will hamper the growth of the cryogenic tanks market.
For Additional Insights, Click to Access Complete Report:
https://www.gmiresearch.com/report/global-cryogenic-tanks-market/
Key Benefits offered by the Cryogenic Tanks Market report:
·
This study represents the analytical depiction
of the Cryogenic Tanks Market along with the ongoing trends and future
estimations to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Cryogenic Tanks Market share.
Segmentation of the Cryogenic Tanks Market:
The Cryogenic Tanks Market has been categorized into the
following segments:
Breakup by Raw Material:
·
Steel
·
Nickel Alloy
·
Aluminum Alloy
·
Others
Breakup by Cryogenic Liquid:
·
Steel
·
Nickel Alloy
·
Aluminum Alloy
·
Others
Breakup by Application:
·
Storage
·
Transportation
Breakup by End-use Industry:
·
Metal Processing
·
Energy Generation
·
Electronics
·
Medical Technology
·
Food & Beverage
·
Water Treatment
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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