Cryogenic Tank Market
Cryogenic Tank Market Forecasts to 2030 - Global Analysis By Raw Material (Nickel Alloy, Steel, Aluminum Alloy and Other Raw Materials), Cryogenic Liquid (Liquefied Natural Gas (LNG), Liquid Nitrogen, Liquid Oxygen, Liquid Hydrogen and Other Cryogenic Liquids), Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.45 BN |
|
Projected Year Value (2030) |
US $12.02 BN |
|
CAGR (2023 - 2030) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Cryogenic Tank Market is accounted for $7.45 billion in 2023 and is expected to reach $12.02 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Cryogenic tanks are specialized containers designed for the storage and transportation of materials at extremely low temperatures, typically below -150 degrees Celsius. These tanks are crucial for handling liquefied gases, such as liquefied natural gas (LNG), liquid oxygen, liquid nitrogen, and other cryogenic substances. They play a vital role in various industries, including energy, healthcare, electronics, and aerospace, where precise control of temperature is essential for preserving, transporting, and utilizing cryogenic materials.
According to Shell LNG Outlook 2019, global LNG demand increased by 12.5% in 2019, reaching 358 Billion tons.
Market Dynamics:
Driver:
Growing demand for industrial gases
Industries such as manufacturing, healthcare, and electronics rely heavily on gases like oxygen, nitrogen, and argon, often in their cryogenic liquid forms. Cryogenic tanks play a pivotal role in the storage, transportation, and distribution of these gases, ensuring a secure and efficient supply chain. The increased use of industrial gases in processes like metal fabrication, chemical manufacturing, and medical applications propels the demand for cryogenic storage solutions. As industries continue to expand and modernise, the cryogenic tank market experiences sustained growth.
Restraint:
High maintenance requirements
The extreme temperatures involved in cryogenic applications necessitate stringent maintenance protocols to prevent issues such as material embrittlement and ensure the tanks' long-term integrity. Regular inspections, repairs, and adherence to safety standards contribute to elevated operational costs and can pose logistical challenges. This requirement for meticulous maintenance may deter potential buyers, especially those seeking cost-effective solutions, impacting the widespread adoption of cryogenic tanks across various industries.
Opportunity:
Rising adoption of cryotherapy
Cryotherapy involves the therapeutic use of extremely low temperatures to treat various medical conditions, including pain management, inflammation reduction, and recovery after certain medical procedures. Cryogenic tanks play a crucial role in supplying and delivering the cryogenic gases required for these therapeutic applications. As the popularity of cryotherapy continues to rise across the sports, healthcare, and wellness industries, there is a growing demand for reliable and efficient cryogenic storage and delivery systems. This trend presents a distinct opportunity for the cryogenic tank market to cater to the expanding needs of facilities offering cryotherapy services.
Threat:
Safety concerns
The handling and storage of cryogenic materials involve inherent risks, including the potential for accidents, leaks, and severe consequences due to extreme low temperatures. Inadequate safety measures can lead to injuries, environmental hazards, and property damage. This will result in reputational damage, legal implications, and increased reluctance among industries to adopt cryogenic tank solutions, impacting the market adversely.
Covid-19 Impact
During the early stages of the pandemic, the cryogenic tank market had multiple effects. The pandemic has caused supply chain interruptions for cryogenic tanks; also, factory closures, restricted transportation, and lockdowns have impacted the manufacture, distribution, and delivery of these tanks. However, the healthcare industry saw a rise in the market's demand for cryogenic tanks. The number of COVID-19 cases has increased demand for medicinal gases, including oxygen, necessitating the storage and shipping of cryogenic tanks. This has led to a surge in demand for cryogenic tanks in the medical industry.
The nickel alloy segment is expected to be the largest during the forecast period
The nickel alloy segment is estimated to hold the largest share. Due to their strength, flexibility, and resistance to corrosion, nickel alloys are widely used in the construction of cryogenic tanks, providing safe and dependable storage of cryogenic fluids at low temperatures. Nickel alloys such as Inconel, Incoloy, and Monel are often used in cryogenic tank construction because they can maintain their strength and flexibility even at shallow temperatures.
The electronics segment is expected to have the highest CAGR during the forecast period
The electronics segment is anticipated to have lucrative growth during the forecast period. Cryogenic tanks are utilized for cooling superconducting materials in electronic devices like MRI machines and quantum computers. The ultra-low temperatures achieved with cryogenic technology enable these materials to exhibit superconducting properties, enhancing the performance and efficiency of electronic components. This segment addresses the demand for precise and reliable cryogenic storage solutions, supporting advancements in electronics, medical imaging, and quantum computing technologies.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to the increasing demand for industrial gases such as nitrogen and oxygen in countries such as China, India, and Japan. These gases are widely used in industries such as healthcare, food and beverage, electronics, and metallurgy. Moreover, China is one of the largest consumers of LNG in the world, which is driving the demand for cryogenic tanks for LNG storage and transportation. The country is investing heavily in LNG infrastructure to reduce its reliance on coal and other fossil fuels and to reduce its carbon emissions.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region witnesses substantial growth in LNG infrastructure, healthcare applications, and aerospace advancements, driving the adoption of cryogenic tanks. The expanding energy sector, particularly the production and transportation of liquefied natural gas, contributes significantly to market growth. Additionally, the increasing focus on healthcare applications, space exploration, and technological innovations further elevates the importance of cryogenic tanks in North America.
Key players in the market
Some of the key players in the Cryogenic Tank Market include Linde AG, Chart Industries, Inc., Cryogas Equipment Pvt. Ltd., Cryoquip Australia, Fiba Technologies, Inc., Eden Cryogenics, LLC, Cryofab, Inc., INOX India Pvt. Ltd., Gardner Cryogenics, Inc., Suretank Group Ltd., Wessington Cryogenics, Auguste Cryogenics and Air Products and Chemicals, Inc.
Key Developments:
In January 2023, Air Liquide entered into a joint venture with TotalEnergies with the purpose of designing a hydrogen station network that would aid in installing more than 100 hydrogen stations across major highways in Europe.
In April 2022, Cryospain announced that it had begun production of two novel flat-bottom cryogenic tanks to store higher volume of LNG and liquid oxygen in Morocco and Egypt.
In December 2022, Babcock and Wilcox announced that the company has entered into a strategic agreement with Chart industries to collaborate on hydrogen generation technology. Babcock and Wilcox will be utilizing Chart’s integrated hydrogen liquefaction and cryogenic carbon capture equipment and expertise. Both companies will be working together on marketing and sales, capturing consumers and projects.
Raw Materials Covered:
• Nickel Alloy
• Steel
• Aluminum Alloy
• Other Raw Materials
Cryogenic Liquids Covered:
• Liquefied Natural Gas (LNG)
• Liquid Nitrogen
• Liquid Oxygen
• Liquid Hydrogen
• Other Cryogenic Liquids
Applications Covered:
• Transportation
• Storage
End Users Covered:
• Metal Processing
• Electronics
• Energy Generation
• Medical Technology
• Water Treatment
• Food & Beverage
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cryogenic Tank Market, By Raw Material
5.1 Introduction
5.2 Nickel Alloy
5.3 Steel
5.4 Aluminum Alloy
5.5 Other Raw Materials
6 Global Cryogenic Tank Market, By Cryogenic Liquid
6.1 Introduction
6.2 Liquefied Natural Gas (LNG)
6.3 Liquid Nitrogen
6.4 Liquid Oxygen
6.5 Liquid Hydrogen
6.6 Other Cryogenic Liquids
7 Global Cryogenic Tank Market, By Application
7.1 Introduction
7.2 Transportation
7.3 Storage
8 Global Cryogenic Tank Market, By End User
8.1 Introduction
8.2 Metal Processing
8.3 Electronics
8.4 Energy Generation
8.5 Medical Technology
8.6 Water Treatment
8.7 Food & Beverage
8.8 Other End Users
9 Global Cryogenic Tank Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Linde AG
11.2 Chart Industries, Inc.
11.3 Cryogas Equipment Pvt. Ltd.
11.4 Cryoquip Australia
11.5 Fiba Technologies, Inc.
11.6 Eden Cryogenics, LLC
11.7 Cryofab, Inc.
11.8 INOX India Pvt. Ltd.
11.9 Gardner Cryogenics, Inc.
11.10 Suretank Group Ltd.
11.11 Wessington Cryogenics
11.12 Auguste Cryogenics
11.13 Air Products and Chemicals, Inc.
List of Tables
1 Global Cryogenic Tank Market Outlook, By Region (2021-2030) ($MN)
2 Global Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
3 Global Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
4 Global Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
5 Global Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
6 Global Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
7 Global Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
8 Global Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
9 Global Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
10 Global Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
11 Global Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
12 Global Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
13 Global Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
14 Global Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
15 Global Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
16 Global Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
17 Global Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
18 Global Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
19 Global Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
20 Global Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
21 Global Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
22 Global Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
23 Global Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
24 North America Cryogenic Tank Market Outlook, By Country (2021-2030) ($MN)
25 North America Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
26 North America Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
27 North America Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
28 North America Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
29 North America Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
30 North America Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
31 North America Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
32 North America Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
33 North America Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
34 North America Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
35 North America Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
36 North America Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
37 North America Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
38 North America Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
39 North America Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
40 North America Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
41 North America Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
42 North America Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
43 North America Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
44 North America Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
45 North America Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
46 North America Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
47 Europe Cryogenic Tank Market Outlook, By Country (2021-2030) ($MN)
48 Europe Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
49 Europe Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
50 Europe Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
51 Europe Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
52 Europe Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
53 Europe Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
54 Europe Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
55 Europe Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
56 Europe Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
57 Europe Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
58 Europe Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
59 Europe Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
60 Europe Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
61 Europe Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
62 Europe Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
63 Europe Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
64 Europe Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
65 Europe Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
66 Europe Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
67 Europe Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
68 Europe Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
69 Europe Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
70 Asia Pacific Cryogenic Tank Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
72 Asia Pacific Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
73 Asia Pacific Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
74 Asia Pacific Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
75 Asia Pacific Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
76 Asia Pacific Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
77 Asia Pacific Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
78 Asia Pacific Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
79 Asia Pacific Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
80 Asia Pacific Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
81 Asia Pacific Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
82 Asia Pacific Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
83 Asia Pacific Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
84 Asia Pacific Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
85 Asia Pacific Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
86 Asia Pacific Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
87 Asia Pacific Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
88 Asia Pacific Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
89 Asia Pacific Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
90 Asia Pacific Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
91 Asia Pacific Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
92 Asia Pacific Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
93 South America Cryogenic Tank Market Outlook, By Country (2021-2030) ($MN)
94 South America Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
95 South America Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
96 South America Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
97 South America Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
98 South America Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
99 South America Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
100 South America Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
101 South America Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
102 South America Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
103 South America Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
104 South America Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
105 South America Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
106 South America Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
107 South America Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
108 South America Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
109 South America Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
110 South America Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
111 South America Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
112 South America Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
113 South America Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
114 South America Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
115 South America Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
116 Middle East & Africa Cryogenic Tank Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Cryogenic Tank Market Outlook, By Raw Material (2021-2030) ($MN)
118 Middle East & Africa Cryogenic Tank Market Outlook, By Nickel Alloy (2021-2030) ($MN)
119 Middle East & Africa Cryogenic Tank Market Outlook, By Steel (2021-2030) ($MN)
120 Middle East & Africa Cryogenic Tank Market Outlook, By Aluminum Alloy (2021-2030) ($MN)
121 Middle East & Africa Cryogenic Tank Market Outlook, By Other Raw Materials (2021-2030) ($MN)
122 Middle East & Africa Cryogenic Tank Market Outlook, By Cryogenic Liquid (2021-2030) ($MN)
123 Middle East & Africa Cryogenic Tank Market Outlook, By Liquefied Natural Gas (LNG) (2021-2030) ($MN)
124 Middle East & Africa Cryogenic Tank Market Outlook, By Liquid Nitrogen (2021-2030) ($MN)
125 Middle East & Africa Cryogenic Tank Market Outlook, By Liquid Oxygen (2021-2030) ($MN)
126 Middle East & Africa Cryogenic Tank Market Outlook, By Liquid Hydrogen (2021-2030) ($MN)
127 Middle East & Africa Cryogenic Tank Market Outlook, By Other Cryogenic Liquids (2021-2030) ($MN)
128 Middle East & Africa Cryogenic Tank Market Outlook, By Application (2021-2030) ($MN)
129 Middle East & Africa Cryogenic Tank Market Outlook, By Transportation (2021-2030) ($MN)
130 Middle East & Africa Cryogenic Tank Market Outlook, By Storage (2021-2030) ($MN)
131 Middle East & Africa Cryogenic Tank Market Outlook, By End User (2021-2030) ($MN)
132 Middle East & Africa Cryogenic Tank Market Outlook, By Metal Processing (2021-2030) ($MN)
133 Middle East & Africa Cryogenic Tank Market Outlook, By Electronics (2021-2030) ($MN)
134 Middle East & Africa Cryogenic Tank Market Outlook, By Energy Generation (2021-2030) ($MN)
135 Middle East & Africa Cryogenic Tank Market Outlook, By Medical Technology (2021-2030) ($MN)
136 Middle East & Africa Cryogenic Tank Market Outlook, By Water Treatment (2021-2030) ($MN)
137 Middle East & Africa Cryogenic Tank Market Outlook, By Food & Beverage (2021-2030) ($MN)
138 Middle East & Africa Cryogenic Tank Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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