Cryogenic Tanker Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2024-2032-2027 Segmented By Raw Material (Stainless Steel, Aluminum, Nickel Alloy), By Liquid (Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, Others), By Application (Storage, Transportation), By End User (Manufacturing, Healthcare, Food Industry, and Others), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCryogenic Tanker Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2024-2032-2027 Segmented By Raw Material (Stainless Steel, Aluminum, Nickel Alloy), By Liquid (Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, Others), By Application (Storage, Transportation), By End User (Manufacturing, Healthcare, Food Industry, and Others), By Region
Global Cryogenic Tanker Market was valued at USD 3223.23 million in 2024-2032 and is anticipated to project robust growth in the forecast period with a CAGR of 7.29% owing to the robust industrial growth, rising demand for liquid natural gas, increasing demand for clean energy sources etc. across the world.
Development of Health Care Sector
In 2024-2032 the COVID-19 pandemic outbreak worldwide taught a lesson to many countries to focus on the healthcare sector with the same importance as defense and infrastructure. The demand for cryogenic tankers elevated considerably in recent months due to the pandemic. Additionally, many countries like India, Africa, and the Caribbean imported oxygens gas through cryogenic tankers. The Delhi government in India recently set a goal for installing non-captive oxygen generation facilities with a minimum capacity of 10 MT and a maximum capacity of 50 MT. The generation plant will also receive power subsidies. During the projection period, these projects expand the market for cryogenic tankers.
Increasing Demand for Liquid Natural Gas
Many countries increasing the demand for use of liquid Natural Gas (LNG) instead of Fuel. The demand for LNG owing to the rise in the gas-based power plant and the trend of adopting LNG fuels in locomotive and marine transport applications. The increasing demand for energy from LNG-based power plants is the major factor attributed to the growth of the cryogenic tanker market. Therefore, the usage of oil tankers, valves, vaporizers, pumps, refrigerators, and other types of equipment in the oil & gas sector is anticipated to drive the demand for cryogenic tankers in the forecast period.
Rising Demand for Clean Energy sources
The rising
Growing Demand for Liquid Nitrogen in the Manufacturing Sector
Liquid nitrogen is used extensively in the manufacturing processes of electronic products. The manufacturing operations such as laser sintering
Market Segmentation
The Global Cryogenic Tanker Market is segmented based on Raw Material, Liquid, Application, By End-user Industry, By Region and
By Company
. Based on Raw Materials, the market is further fragmented into Stainless steel, Nickel Alloy, and Aluminum. Based on the Liquid, the market is segmented into Liquefied Natural Gas, Liquid Nitrogen, Liquid Oxygen, and Others. Based on Application, the market is segmented into Storage and Transportation. Based on the End user industry, the market is segmented into Manufacturing, Healthcare, Food Industry, and Others. Based on regional analysis, the market is divided among North America, Europe, Asia-Pacific, Middle East & Africa and South America.Company Profiles
Chart Industries, Inc, Air Products, INOX India Pvt. Ltd, Linde PLC, Air Water Inc, Wessington Cryogenics Ltd. and Super Cryogenic Systems Pvt Ltd. are among the major market players in the Global Cryogenic Tanker Market.
Details | |
Market size value in 2024-2032 | USD 3223.23 million |
Revenue Forecast in 2027 | USD 4972.75 million |
United States Revenue | 781.54 million |
Growth Rate | 7.29% |
Base Year | 2024-2032 |
Historical Years | 2024-2032 – 2024-2032 |
Estimated Year | 2022E |
Forecast Period | 2023F– 2027F |
Quantitative Units | Revenue in (USD million), and CAGR for 2024-2032-2024-2032 and 2022- 2027F |
Report Coverage | · Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Raw Material · Liquid · Application · End User |
Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, South America. |
Key Companies Profiled | Chart Industries, Inc, Air Products, INOX India Pvt. Ltd, Linde PLC, Air Water Inc, Wessington Cryogenics Ltd, Super Cryogenic Systems Pvt Ltd, FIBA Technologies, Inc, Suretank Group Ltd, Eden Cryogenic LLC, M1 Engineering. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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