Market Overview:
The global LNG cryogenic storage 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 LNG as a fuel source and the rising popularity of LNG-based transportation.
Product Definition:
A cryogenic storage tank is a large container used to store liquefied natural gas (LNG). LNG is a refrigerated liquid form of natural gas that is often used as a fuel for vehicles and ships. Cryogenic storage tanks are important for transporting and storing LNG because it allows the gas to be transported in large quantities and helps keep it cold.
LNG cryogenic storage tanks are used to store Liquefied Natural Gas (LNG) at extremely low temperatures of -260oC and below. The growth factor for the LNG cryogenic storage tank market is dependent on factors such as growing demand from various end-use industries, technological advancements in design and materials, increasing infrastructure development along with growing number of upcoming projects.
100-500 m3:
100-500 m3 is the size of a cryogenic storage tank used for storing liquefied natural gas (LNG). It is one of the largest volume ranges in LNG tanks. The 100-500 m3 range cryogenic storage tank can be used in various applications such as offshore facilities, onshore facilities, and large power plants.
The 100-500 m3 range cryogenic storage tank has advantages over smaller volumes such as increased safety against overpressure.
Application Insights:
Based on the application, the global LNG cryogenic storage tank market has been segmented into LNG plants, mobile units and others. The LNG plants were estimated to be the largest revenue generating segment in 2017. Growing demand for liquefied natural gas as a fuel source in power generation and industrial applications is expected to drive growth over the forecast period.
The growing number of Liquefied Natural Gas (LNG) import terminals across Asia Pacific region owing to increasing domestic consumption coupled with an increase in overseas investments for building new capacity is anticipated to drive demand over next eight years. This trend has resulted in increased construction of new facilities at both domestic and international levels which will further augment market size by 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for LNG as a fuel for transportation of natural gas across countries, which is expected to drive growth. Furthermore, increasing number of LNG projects being built by various companies such as Royal Dutch Shell Plc., ExxonMobil Corp., and Gazprom are also contributing towards regional growth. For instance, In 2016, Shell Gas & Power Europe BV announced plans to build one of the largest cryogenic storage facilities at Gelsenkirchen-Hoppegarten (GHE) onshore Germany with an investment worth USD X million.
Growth Factors:
- Increasing demand for LNG as a fuel source in transportation and power generation
- Growing popularity of LNG as an alternative to traditional fuels
- Technological advancements in cryogenic storage tanks that improve efficiency and safety
- Rising global population and economic growth, which leads to increased demand for energy
- Regulations encouraging the use of cleaner-burning fuels such as LNG
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Cryogenic Storage Tank Market Research Report
By Type
<100 m3, 100-500 m3, 501-1000 m3, >1000 m3
By Application
LNG Plants, Mobile Units
By Companies
Cryolor, MAN Cryo, lapesa Grupo Empresarial S.L., Auguste Cryogenics, Furuise, Chart, TransTech Energy, Eurotainer SA, Cryocan
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global LNG Cryogenic Storage Tank Market Report Segments:
The global LNG Cryogenic Storage Tank market is segmented on the basis of:
Types
<100 m3, 100-500 m3, 501-1000 m3, >1000 m3
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
LNG Plants, Mobile Units
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:
- Cryolor
- MAN Cryo
- lapesa Grupo Empresarial S.L.
- Auguste Cryogenics
- Furuise
- Chart
- TransTech Energy
- Eurotainer SA
- Cryocan
Highlights of The LNG Cryogenic Storage 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:
- <100 m3
- 100-500 m3
- 501-1000 m3
- >1000 m3
- By Application:
- LNG Plants
- Mobile Units
- 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 LNG Cryogenic Storage 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
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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 cryogenic storage tank is a large, insulated container used to store liquefied natural gas (LNG). The LNG is cooled to extremely low temperatures (-269 degrees Fahrenheit or -183 degrees Celsius) in order to prevent it from exploding and causing damage.
Some of the major players in the lng cryogenic storage tank market are Cryolor, MAN Cryo, lapesa Grupo Empresarial S.L., Auguste Cryogenics, Furuise, Chart, TransTech Energy, Eurotainer SA, Cryocan.
The lng cryogenic storage 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 LNG Cryogenic Storage 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 LNG Cryogenic Storage Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Cryogenic Storage 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 LNG Cryogenic Storage 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 LNG Cryogenic Storage Tank Market Size & Forecast, 2020-2028
4.5.1 LNG Cryogenic Storage Tank Market Size and Y-o-Y Growth
4.5.2 LNG Cryogenic Storage 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 <100 m3
5.2.2 100-500 m3
5.2.3 501-1000 m3
5.2.4 >1000 m3
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 LNG Plants
6.2.2 Mobile Units
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Cryogenic Storage 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 LNG Cryogenic Storage 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 <100 m3
9.6.2 100-500 m3
9.6.3 501-1000 m3
9.6.4 >1000 m3
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 LNG Plants
9.10.2 Mobile Units
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 <100 m3
10.6.2 100-500 m3
10.6.3 501-1000 m3
10.6.4 >1000 m3
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 LNG Plants
10.10.2 Mobile Units
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 <100 m3
11.6.2 100-500 m3
11.6.3 501-1000 m3
11.6.4 >1000 m3
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 LNG Plants
11.10.2 Mobile Units
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 <100 m3
12.6.2 100-500 m3
12.6.3 501-1000 m3
12.6.4 >1000 m3
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 LNG Plants
12.10.2 Mobile Units
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 <100 m3
13.6.2 100-500 m3
13.6.3 501-1000 m3
13.6.4 >1000 m3
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 LNG Plants
13.10.2 Mobile Units
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 LNG Cryogenic Storage Tank Market: Competitive Dashboard
14.2 Global LNG Cryogenic Storage Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cryolor
14.3.2 MAN Cryo
14.3.3 lapesa Grupo Empresarial S.L.
14.3.4 Auguste Cryogenics
14.3.5 Furuise
14.3.6 Chart
14.3.7 TransTech Energy
14.3.8 Eurotainer SA
14.3.9 Cryocan
