Market Overview:
The global industrial gas storage cabinets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial gases, such as oxygen, hydrogen and biogas, across various industries. In addition, the growing adoption of dry storage cabinets in place of wet storage cabinets is also contributing to the growth of this market. Based on type, the global industrial gas storage cabinets market can be segmented into wet storage cabinets and dry storage cabinets. The dry storage cabinet segment is expected to grow at a higher CAGR than the wet cabinet segment during the forecast period from 2018 to 2030. This can be attributed to factors such as lower installation and maintenance costs associated with dry cabinet systems and their ability to store gases under high pressure conditions without any leakage or explosion risks. Based on application, the global industrial gas Storage Cabinets Market can be divided into biogas production, oxygen production, hydrogen production and other applications segments. Among these segments, biogas production is expected witness highest growth rate over next few years owing rising demand for bio-based fuels across globe .
Product Definition:
Industrial gas storage cabinets are designed to store and protect compressed gases in an industrial or commercial setting. The cabinets are typically made of steel and have a locking door to keep the gas inside. They may also have a gauge or other indicator to show how much gas is left in the cabinet. Industrial gas storage cabinets are important for safety reasons, as they help keep compressed gases from leaking out and creating a dangerous environment.
Wet Storage Cabinets:
Wet storage cabinets are used for the safe and secure transportation of liquefied industrial gases. They are designed, manufactured and installed as per the international safety standards to store various types of Liquefied Gases (LPG) including LNG, LNGLNG, CNG and other gaseous fuels in liquid form.
Dry Storage Cabinets:
Dry storage cabinets are used to store various industrial gases such as nitrogen, argon, carbon dioxide and others in large quantities. These dry storage cabinets are made up of different materials including wood, plastic and steel. The material used is very important while making the cabinet as it should be able to withstand high pressure and temperature without getting affected by the gas stored inside it. The size of these dry storage cabinets also depends upon the type of gas that is being stored inside it.
Application Insights:
The global demand for industrial gases, such as oxygen, hydrogen and biogas is increasing owing to the growing demand for these gases in various applications across several end-use industries. The application segment of the global market has been further categorized into two sub-segments namely wet storage cabinets and dry storage cabinets.
Wet storage cabinets held a major share of over 60% in 2017 owing to its higher capacity utilization compared to its dry counterpart. Industrial gas stored in wet storage are utilized directly by the equipment without any additional processing or separation which increases their penetration rate among other applications where high purity levels are required such as pharmaceuticals, chemical manufacturing and food & beverage sector among others.
Industrial gases including oxygen, hydrogen and biogas have found wide application scope within the pharmaceutical industry due to their ability to deliver precise amounts at required intervals during drug manufacturing process resulting into increased product quality which eventually boosts their penetration rate further contributing towards significant market growth over forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of wet storage cabinets whereas dry storage cabinets are more prevalent in countries such as Japan, South Korea, and Germany. Increasing industrialization across emerging economies such as China and India coupled with increasing energy demand from manufacturing sectors is anticipated to drive the growth of industrial gas storage systems in Asia Pacific region.
Europe accounted for a significant share owing to stringent regulations imposed on waste management practices by various regulatory bodies including EU5 (European Union), ECHA (European Commission), BSI (Bundesamt fur Sicherheit im Landeingang von Arbeiten) and DIN (Deutsches Institut für Normung). These regulatory measures have forced industry participants operating within Europe's waste management sector to come up with innovative solutions for long-term sustainable solutions that meet environmental standards while also reducing operational costs associated with transportation of gases across regions.
Growth Factors:
- Increasing demand for industrial gas storage cabinets in various industries owing to the benefits offered by them such as longer shelf life, easy handling, and better safety.
- Growing popularity of industrial gas storage cabinets among small-scale businesses due to their low cost and easy installation.
- Rising investments by leading players in research and development activities to develop innovative products that can cater to the changing needs of consumers.
- Proliferation of online retail platforms that offer a wide range of industrial gas storage cabinets at competitive prices, making them more accessible to consumers worldwide. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gas Storage Cabinets Market Research Report
By Type
Wet Storage Cabinets, Dry Storage Cabinets
By Application
Biogas, Oxygen, Hydrogen, Other
By Companies
Air Liquide, Air Products and Chemicals, DENIOS, Iwatani, Linde Group, TAIYO NIPPON SANSO, ...
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gas Storage Cabinets Market Report Segments:
The global Industrial Gas Storage Cabinets market is segmented on the basis of:
Types
Wet Storage Cabinets, Dry Storage Cabinets
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
Biogas, Oxygen, Hydrogen, 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:
- Air Liquide
- Air Products and Chemicals
- DENIOS
- Iwatani
- Linde Group
- TAIYO NIPPON SANSO
- ...
Highlights of The Industrial Gas Storage Cabinets 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:
- Wet Storage Cabinets
- Dry Storage Cabinets
- By Application:
- Biogas
- Oxygen
- Hydrogen
- 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 Industrial Gas Storage Cabinets 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?
Industrial gas storage cabinets are typically used in factories, warehouses, and other industrial settings to store natural gas. These cabinets can hold a variety of different types of natural gas, including methane, propane, and butane.
Some of the major players in the industrial gas storage cabinets market are Air Liquide, Air Products and Chemicals, DENIOS, Iwatani, Linde Group, TAIYO NIPPON SANSO.
The industrial gas storage cabinets market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Gas Storage Cabinets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Gas Storage Cabinets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Gas Storage Cabinets Market - Supply Chain
4.5. Global Industrial Gas Storage Cabinets Market Forecast
4.5.1. Industrial Gas Storage Cabinets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Gas Storage Cabinets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Gas Storage Cabinets Market Absolute $ Opportunity
5. Global Industrial Gas Storage Cabinets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
5.3.1. Wet Storage Cabinets
5.3.2. Dry Storage Cabinets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Gas Storage Cabinets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
6.3.1. Biogas
6.3.2. Oxygen
6.3.3. Hydrogen
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Gas Storage Cabinets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Gas Storage Cabinets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Gas Storage Cabinets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Gas Storage Cabinets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Gas Storage Cabinets Demand Share Forecast, 2019-2029
9. North America Industrial Gas Storage Cabinets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
9.4.1. Biogas
9.4.2. Oxygen
9.4.3. Hydrogen
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
9.7.1. Wet Storage Cabinets
9.7.2. Dry Storage Cabinets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Gas Storage Cabinets Demand Share Forecast, 2019-2029
10. Latin America Industrial Gas Storage Cabinets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
10.4.1. Biogas
10.4.2. Oxygen
10.4.3. Hydrogen
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
10.7.1. Wet Storage Cabinets
10.7.2. Dry Storage Cabinets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Gas Storage Cabinets Demand Share Forecast, 2019-2029
11. Europe Industrial Gas Storage Cabinets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Gas Storage Cabinets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
11.4.1. Biogas
11.4.2. Oxygen
11.4.3. Hydrogen
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
11.7.1. Wet Storage Cabinets
11.7.2. Dry Storage Cabinets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Gas Storage Cabinets Demand Share, 2019-2029
12. Asia Pacific Industrial Gas Storage Cabinets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Gas Storage Cabinets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
12.4.1. Biogas
12.4.2. Oxygen
12.4.3. Hydrogen
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
12.7.1. Wet Storage Cabinets
12.7.2. Dry Storage Cabinets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Gas Storage Cabinets Demand Share, 2019-2029
13. Middle East & Africa Industrial Gas Storage Cabinets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Gas Storage Cabinets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Gas Storage Cabinets Market Size and Volume Forecast by Application
13.4.1. Biogas
13.4.2. Oxygen
13.4.3. Hydrogen
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Gas Storage Cabinets Market Size and Volume Forecast by Type
13.7.1. Wet Storage Cabinets
13.7.2. Dry Storage Cabinets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Gas Storage Cabinets Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Gas Storage Cabinets Market: Market Share Analysis
14.2. Industrial Gas Storage Cabinets Distributors and Customers
14.3. Industrial Gas Storage Cabinets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Liquide
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Air Products and Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DENIOS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Iwatani
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Linde Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TAIYO NIPPON SANSO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook