Market Overview:
The global liquid oxygen tank market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for liquid oxygen in various applications such as energy and power, chemicals, metallurgy, and others. Additionally, the growing demand for liquefied natural gas (LNG) is also propelling the growth of the global liquid oxygen tank market. However, volatility in prices of raw materials used in manufacturing these tanks may restrain the growth of this market during the forecast period. Based on type, cylindrical tanks are expected to dominate the global liquid oxygen tank market during 2018-2030 owing to their high efficiency and low cost as compared to other types of tanks available in this market. Based on application, energy and power sector is anticipated to hold a dominant position during 2018-2030 due its growing demand for electricity across different geographies worldwide. Asia Pacific region is estimated account for highest share followed by Europe region with respect to revenue generated by sales of Liquid Oxygen Tanks Market products over forecast period i.e.
Product Definition:
A Liquid Oxygen Tank is a container that holds liquid oxygen. It is used to store and transport liquid oxygen, which is a gas at room temperature. Liquid oxygen is important because it can be used as an oxidizer in rocket engines and other industrial applications.
Cylindrical Tank:
Cylindrical tanks are used to store liquid oxygen and hydrogen. They have a cylindrical shape with a hemispherical top which is closed by an o-ring seal. These cylindrical storage tanks are made of stainless steel, aluminum alloys or carbon fiber materials. The material used for the manufacturing process should be corrosion resistant in nature as it will come in contact with high-pressure oxygen and hydrogen streams.
Spherical Tank:
Spherical tank is used to store liquid oxygen and it's capacity can vary between 1.2 to 40 liters. It has a ball shape due to which the tanks are also known as ball tanks or sphere tanks. Spherical shaped tank is made of high-quality materials such as stainless steel, aluminum alloys, copper alloys or carbon steel and PENETRATED LAMinated Glass (PELG).
Application Insights:
The other application segment of the global liquid oxygen tank market includes oil and gas, food and beverages, healthcare, mining and minerals processing. The demand for LEO tanks in this segment is expected to witness growth owing to its use in various industries including energy and power generation, chemicals manufacturing as well as metallurgy. In addition, increasing applications of liquid oxygen across several industries such as oil & gas are anticipated to drive the product demand over the forecast period.
The energy and power industry accounted for a significant share in 2016 owing to its growing requirement of LEO tanks at various power plants across different regions globally. Increasing electricity production from renewable sources coupled with rising population has led to an increased need for large-scale storage facilities that can provide reliable supply at a moments notice which is further likely fuel product demand over the next eight years or so.
Regional Analysis:
North America was the leading revenue contributor in 2017. The region is expected to maintain its position through the forecast period on account of increasing demand for LTO in U.S. and Canada owing to growing end-use industries such as energy and power, chemicals, metallurgy, food processing and pharmaceuticals coupled with stringent regulatory scenario pertaining to environmental protection is likely to augment market growth over the next eight years.
Asia Pacific emerged as a promising destination for liquid oxygen tank manufacturers due to presence of emerging economies such China, India Japan along with other countries like South Korea Thailand Indonesia Malaysia Philippines Vietnam that are anticipatedto witness high growth ratein future due to rapid development of end-use sectors including energy & power; chemicals;metallurgy;others which are driving industrialization economic progress thereby creating ample opportunities for industry participants over next eight years.
Growth Factors:
- Increasing demand for liquid oxygen in various end-use industries such as medical, food & beverage, and others is expected to drive the market growth.
- Growing popularity of cryotherapy as a treatment option is anticipated to boost the market growth.
- Rising number of hospitals and clinics across the globe is projected to fuel the demand for liquid oxygen tanks over the forecast period.
- Technological advancements in production processes are likely to propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Oxygen Tank Market Research Report
By Type
Cylindrical Tank, Spherical Tank
By Application
Energy and Power, Chemicals, Metallurgy, Other
By Companies
Universal Boschi, Cryofab, Linde Engineering, Chart Industries, Universal Air Gases, Inc., Taylor-worton, Wessington Cryogenics, FIBA Technologies, BNH Gas Tanks, Super Cryogenic Systems Private Limited, LUXI NEW ENERGY EQUIPMENT GROUP, ERGIL, ING. L. & A. Boschi Italy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Oxygen Tank Market Report Segments:
The global Liquid Oxygen Tank market is segmented on the basis of:
Types
Cylindrical Tank, Spherical Tank
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy and Power, Chemicals, Metallurgy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Universal Boschi
- Cryofab
- Linde Engineering
- Chart Industries
- Universal Air Gases, Inc.
- Taylor-worton
- Wessington Cryogenics
- FIBA Technologies
- BNH Gas Tanks
- Super Cryogenic Systems Private Limited
- LUXI NEW ENERGY EQUIPMENT GROUP
- ERGIL
- ING. L. & A. Boschi Italy
Highlights of The Liquid Oxygen Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cylindrical Tank
- Spherical Tank
- By Application:
- Energy and Power
- Chemicals
- Metallurgy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Oxygen Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A liquid oxygen tank is a large, cylindrical container that stores and dispenses oxygen gas. Liquid oxygen tanks are used in aircraft to provide supplemental air for passengers and crew.
Some of the major companies in the liquid oxygen tank market are Universal Boschi, Cryofab, Linde Engineering, Chart Industries, Universal Air Gases, Inc., Taylor-worton, Wessington Cryogenics, FIBA Technologies, BNH Gas Tanks, Super Cryogenic Systems Private Limited, LUXI NEW ENERGY EQUIPMENT GROUP, ERGIL, ING. L. & A. Boschi Italy.
The liquid oxygen tank market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid Oxygen Tank Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Liquid Oxygen Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid Oxygen Tank Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Liquid Oxygen Tank Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Liquid Oxygen Tank Market Size & Forecast, 2020-2028
4.5.1 Liquid Oxygen Tank Market Size and Y-o-Y Growth
4.5.2 Liquid Oxygen Tank Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cylindrical Tank
5.2.2 Spherical Tank
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy and Power
6.2.2 Chemicals
6.2.3 Metallurgy
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid Oxygen Tank Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Liquid Oxygen Tank Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cylindrical Tank
9.6.2 Spherical Tank
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy and Power
9.10.2 Chemicals
9.10.3 Metallurgy
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cylindrical Tank
10.6.2 Spherical Tank
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy and Power
10.10.2 Chemicals
10.10.3 Metallurgy
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cylindrical Tank
11.6.2 Spherical Tank
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy and Power
11.10.2 Chemicals
11.10.3 Metallurgy
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cylindrical Tank
12.6.2 Spherical Tank
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy and Power
12.10.2 Chemicals
12.10.3 Metallurgy
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cylindrical Tank
13.6.2 Spherical Tank
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy and Power
13.10.2 Chemicals
13.10.3 Metallurgy
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Liquid Oxygen Tank Market: Competitive Dashboard
14.2 Global Liquid Oxygen Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Universal Boschi
14.3.2 Cryofab
14.3.3 Linde Engineering
14.3.4 Chart Industries
14.3.5 Universal Air Gases, Inc.
14.3.6 Taylor-worton
14.3.7 Wessington Cryogenics
14.3.8 FIBA Technologies
14.3.9 BNH Gas Tanks
14.3.10 Super Cryogenic Systems Private Limited
14.3.11 LUXI NEW ENERGY EQUIPMENT GROUP
14.3.12 ERGIL
14.3.13 ING. L. & A. Boschi Italy
