Cryogenic Liquid Transport Vehicle Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
Portland, OR -- (SBWIRE) -- 08/28/2017 -- Global Cryogenic Liquid Transport Vehicles Market is driven by increase in application of these in laboratories and chemical plants. Moreover, rise in usage of carbon dioxide and liquid nitrogen for the transportation of fruit juices and frozen foods over longer distances is expected to be fuel the market growth.
However, high operating cost, in terms of fabrication of cryogenic tanks, and increase in raw material cost are expected to hinder this growth. Furthermore, the growth of natural gas consumption in emerging economies is expected create a major opportunity for the vehicle producers across the globe.
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The global cryogenic liquid transport vehicle market is segmented based on vehicle type, application, and geography. The vehicle type segment includes non-flammable liquid transport vehicle, flammable liquid transport vehicle, and others. The market based on application is bifurcated into chemistry and others.
Market Segment by Vehicle Type
- Non-flammable Liquid Transport Vehicle
- Flammable Liquid Transport Vehicle
Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, South Africa, and rest of LAMEA).
Key players operating in the market are Chart (U.S.), APCI (U.S.), Taylor-worton (UK), CPI (U.S.), Cryogenmash (Russia), Cryofab (U.S.), Linde AG (Germany), Praxair (U.S.),Wessington Cryogenics (UK), and Acme Cryogenics (U.S.).
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Market Segment by Application
Market Segment by Geography
- North America
o Rest of Europe
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