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 Use

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

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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

MIR Segment1

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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.

Attribute

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.

Pricing and Purchase Options

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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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Table of Content

Table of content
1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on India Cryogenic Tanker Market

5.         Voice of Customer

6.         India Cryogenic Tanker Market Overview

7.         India Cryogenic Tanker Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Product Type (Stationary Type, Trailer Type)

7.2.2.By Application (Storage, Transportation)

7.2.3.By Liquefied Gas (Natural Gas, Nitrogen, Oxygen, Others)

7.2.4.By End User (Healthcare, Food & Beverage, Petrochemical, Others)

7.2.5.By Region

7.3.    By Company (2024)

7.4.    Market Map

8.         West India Cryogenic Tanker Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Product Type

8.2.2.By Application

8.2.3.By Liquefied

8.2.4.By End User

9.         North India Cryogenic Tanker Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value 

9.2.    Market Share & Forecast

9.2.1.By Product Type

9.2.2.By Application

9.2.3.By Liquefied

9.2.4.By End User

10.      South India Cryogenic Tanker Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value 

10.2. Market Share & Forecast

10.2.1.     By Product Type

10.2.2.     By Application

10.2.3.     By Liquefied

10.2.4.     By End User

11.      East India Cryogenic Tanker Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value 

11.2. Market Share & Forecast

11.2.1.     By Product Type

11.2.2.     By Application

11.2.3.     By Liquefied

11.2.4.     By End User

12.      Market Dynamics

12.1. Drivers

12.2. Challenges

13.      Market Trends and Developments

14.      Company Profiles

14.1.  INOX India Ltd 

14.1.1.     Business Overview

14.1.2.     Key Revenue and Financials  

14.1.3.     Recent Developments

14.1.4.     Key Personnel/Key Contact Person

14.1.5.     Key Product/Services Offered

14.2.  Chart Industries Inc.

14.2.1.     Business Overview

14.2.2.     Key Revenue and Financials  

14.2.3.     Recent Developments

14.2.4.     Key Personnel/Key Contact Person

14.2.5.     Key Product/Services Offered

14.3.  Cryolor SA

14.3.1.     Business Overview

14.3.2.     Key Revenue and Financials  

14.3.3.     Recent Developments

14.3.4.     Key Personnel/Key Contact Person

14.3.5.     Key Product/Services Offered

14.4.  Linde Plc

14.4.1.     Business Overview

14.4.2.     Key Revenue and Financials  

14.4.3.     Recent Developments

14.4.4.     Key Personnel/Key Contact Person

14.4.5.     Key Product/Services Offered

14.5.  Cryogas Equipment Private Limited

14.5.1.     Business Overview

14.5.2.     Key Revenue and Financials  

14.5.3.     Recent Developments

14.5.4.     Key Personnel/Key Contact Person

14.5.5.     Key Product/Services Offered

14.6.  Vijay Tanks & Vessels Pvt. Ltd

14.6.1.     Business Overview

14.6.2.     Key Revenue and Financials  

14.6.3.     Recent Developments

1.6.4.     Key Personnel/Key Contact Person

14.6.5.     Key Product/Services Offered

14.7.  Krison Engineering Works

14.7.1.     Business Overview

14.7.2.     Key Revenue and Financials  

14.7.3.     Recent Developments

14.7.4.     Key Personnel/Key Contact Person

14.7.5.     Key Product/Services Offered

14.8.  Precise Vacuum Systems Private Limited

14.8.1.     Business Overview

14.8.2.     Key Revenue and Financials  

14.8.3.     Recent Developments

14.8.4.     Key Personnel/Key Contact Person

14.8.5.     Key Product/Services Offered

14.9.  Super Cryogenic Systems Private Limited

14.9.1.     Business Overview

14.9.2.     Key Revenue and Financials  

14.9.3.     Recent Developments

14.9.4.     Key Personnel/Key Contact Person

14.9.5.     Key Product/Services Offered

15.      Strategic Recommendations

16.   About Us & Disclaimer

 

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