Cryogenic liquid storage equipment is specialized equipment used to store cryogenic liquids, such as liquid nitrogen, liquid helium, and liquid hydrogen. This equipment is designed to store these liquids at extremely low temperatures, usually far below -100°C. Cryogenic liquid storage equipment is used in a variety of industries, including the medical, chemical, and industrial sectors.
Cryogenic liquid storage equipment consists of insulated tanks, tanks equipped with vacuum jackets, and pressure vessels. The tanks are designed to store the cryogenic liquid without losing its properties. Vacuum jackets help maintain the low temperature, while pressure vessels can safely contain the high-pressure gas created by the cryogenic liquid.
The global cryogenic liquid storage equipment market was valued at USD 5.48 billion in 2020 and is expected to reach USD 8.02 billion by 2026, at a CAGR of 6.7%. This growth is primarily driven by the increasing demand for cryogenic liquids in the medical, chemical, and industrial sectors. Additionally, the growing demand for cryogenic tanks in the liquefied natural gas (LNG) industry is also expected to drive market growth over the forecast period.
The major players operating in the global cryogenic liquid storage equipment market are Air Liquide
A detailed market research report on Global Cryogenic Liquid Storage Equipment Market available at: https://www.themarketreports.com/report/global-cryogenic-liquid-storage-equipment-market-research-report
This report aims to provide a comprehensive presentation of the global market for Cryogenic Liquid Storage Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cryogenic Liquid Storage Equipment.
The Cryogenic Liquid Storage Equipment market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cryogenic Liquid Storage Equipment market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
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