Report overview
The growing demand for LNG around the world, coupled with improved medical services in developing economies, is driving the development of the cryogenic storage tank industry. Liquid nitrogen is mainly used in the metal processing, food and beverage, electronics and healthcare industries. Steel manufacturing is one of the major consumers of nitrogen. Nitrogen is used in the food and beverage industry for food preservation and packaging applications. The use of liquid nitrogen in this industry can save costs during storage and transportation and improve food quality. Liquid nitrogen is used to cool materials that are usually soft or heat sensitive, such as plastics, tires, and certain metals.
This report contains market size and forecasts of Liquid Nitrogen Cryogenic Storage Tanks in global, including the following market information:
Global Liquid Nitrogen Cryogenic Storage Tanks Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Liquid Nitrogen Cryogenic Storage Tanks Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Liquid Nitrogen Cryogenic Storage Tanks companies in 2021 (%)
The global Liquid Nitrogen Cryogenic Storage Tanks market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Liquid Nitrogen Cryogenic Storage Tanks include Chart Industries, Cryofab, Wessington Cryogenics, Air Water, Cryolor, Air Products, Linde PLC and INOX India, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Liquid Nitrogen Cryogenic Storage Tanks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Liquid Nitrogen Cryogenic Storage Tanks Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Liquid Nitrogen Cryogenic Storage Tanks Market Segment Percentages, by Type, 2021 (%)
Steel
Nickel Alloy
Aluminum Alloy
Others
Global Liquid Nitrogen Cryogenic Storage Tanks Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Liquid Nitrogen Cryogenic Storage Tanks Market Segment Percentages, by Application, 2021 (%)
Metal Processing
Energy Generation
Electronics
Medical Technology
Food and Beverage
Other
Global Liquid Nitrogen Cryogenic Storage Tanks Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Liquid Nitrogen Cryogenic Storage Tanks Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Liquid Nitrogen Cryogenic Storage Tanks revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Liquid Nitrogen Cryogenic Storage Tanks revenues share in global market, 2021 (%)
Key companies Liquid Nitrogen Cryogenic Storage Tanks sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Liquid Nitrogen Cryogenic Storage Tanks sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Chart Industries
Cryofab
Wessington Cryogenics
Air Water
Cryolor
Air Products
Linde PLC
INOX India
