MarketResearchReports.Biz presents this most up-to-date research on"global cryogenic tanks market to grow at a CAGR of 7.01% during the period 2017-2021"
Albany, NY -- (SBWIRE) -- 03/24/2017 -- Cryogenic technology is primarily involved in the production, maintenance, and application of low temperatures below 150C. The scope of cryogenic applications has increased from cold storage to core processes in many end-user industries. The end-user industries like petrochemicals and chemicals, hold a major share of revenue in the global cryogenic tanks market. The applications of cryogenic equipment such as pumps, vaporizers, valves, and storage tanks in major end-user industries like petrochemicals and chemicals have a vital role in maintaining the temperature and pressure of liquefied natural gas (LNG), thus preventing leakages.
Technavios analysts forecast the global cryogenic tanks market to grow at a CAGR of 7.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cryogenic tanks market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cryogenic tanks.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cryogenic Tanks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Chart Industries
Cryofab
INOX India
Linde
VRV
Wessington Cryogenics
Other prominent vendors
FIBA Technologies
Cryoquip
Gardner Cryogenic
Market driver
Increased demand for nitrogen from food processing industry
For a full, detailed list, view our report
Market challenge
Declining demand for LNG from South Korea and Japan
For a full, detailed list, view our report
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Market trend
Technological advances enhance scope of cryogenics
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?