극저온 탱크 시장 규모, 점유율, 성장 분석 : 원자재별, 극저온 액체별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2025-2032년)

Global Cryogenic Tanks Market size was valued at USD 6.98 billion in 2023 and is poised to grow from USD 7.38 billion in 2024 to USD 11.59 billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

The market for cryogenic tanks is experiencing significant growth, primarily driven by the increasing demand within the medical sector for secure storage of gases essential for therapeutic and procedural applications. Factors such as an aging population, rising chronic disease prevalence, and a push for advanced medical technologies are propelling the healthcare industry forward, consequently boosting the need for medical gases like oxygen, nitrogen, and argon. This surge has made cryogenic tanks indispensable for healthcare providers, leading to a spike in orders for manufacturers and retailers alike. Additionally, the escalating demand for liquefied natural gas (LNG)-which is easier and safer to transport in cryogenic tanks-further contributes to the expanding market landscape. Analysts anticipate that this upward trend will continue as the global health sector evolves.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cryogenic Tanks market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Cryogenic Tanks Market Segments Analysis

Global Cryogenic Tanks Market is segmented by Raw Material, Cryogenic Liquid, Application, End-Use Industry and region. Based on Raw Material, the market is segmented into Steel, Nickel Alloy, Aluminum Alloy and Others. Based on Cryogenic Liquid, the market is segmented into Liquid Nitrogen, Liquefied Natural Gas (LNG), Liquid Hydrogen, Liquid Oxygen and Others. Based on Application, the market is segmented into Storage and Transportation. Based on End-Use Industry, the market is segmented into Metal Processing, Energy Generation, Electronics, Medical Technology, Food & Beverage, Water Treatment and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Cryogenic Tanks Market

The increasing global demand for liquefied natural gas (LNG) as a cleaner energy alternative is a significant driver propelling the growth of the global cryogenic tanks market. As the world transitions towards more sustainable energy solutions and focuses on reducing carbon emissions, the need for efficient storage and transportation of LNG has escalated. This surge in demand has led to the development of advanced cryogenic tanks designed to meet the requirements of various industries and regions. Consequently, the cryogenic tanks market is experiencing substantial growth as it aligns with the broader shift toward environmentally friendly energy practices.

Restraints in the Global Cryogenic Tanks Market

The Global Cryogenic Tanks market faces significant restraints due to stringent safety regulations and the intricate compliance requirements that accompany them. These regulations pose substantial challenges for companies operating within this sector, as the storage and transportation of cryogenic liquids demand rigorous adherence to safety protocols. The complexity of these requirements can impede operational efficiency and increase costs, making it difficult for businesses to navigate the regulatory landscape. Consequently, these challenges may limit market growth and deter new entrants, underscoring the need for ongoing investment in compliance strategies and safety measures to ensure effective operations in this specialized industry.

Market Trends of the Global Cryogenic Tanks Market

The global cryogenic tanks market is witnessing a significant trend driven by the surging demand for liquefied natural gas (LNG) as a cleaner energy alternative. Governments and industries are increasingly prioritizing sustainable energy solutions, which propels investment in cutting-edge cryogenic storage technologies. These innovations are aimed at improving efficiency, safety, and reliability in LNG transportation. Additionally, the integration of smart technologies-such as IoT and advanced monitoring systems-into cryogenic tank design is further enhancing operational efficiencies and promoting real-time data analytics. This market evolution reflects a broader commitment to environmentally friendly energy sources and the modernization of energy infrastructure.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Customer & Buying Criteria Analysis
• Raw Material Analysis

Global Cryogenic Tanks Market Size by Raw Material & CAGR (2025-2032)

• Market Overview
• Steel
• Nickel Alloy
• Aluminum Alloy
• Others

Global Cryogenic Tanks Market Size by Cryogenic Liquid & CAGR (2025-2032)

• Market Overview
• Liquid Nitrogen
• Liquefied Natural Gas (LNG)
• Liquid Hydrogen
• Liquid Oxygen
• Others

Global Cryogenic Tanks Market Size by Application & CAGR (2025-2032)

• Market Overview
• Storage
• Transportation

Global Cryogenic Tanks Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Metal Processing
• Energy Generation
• Electronics
• Medical Technology
• Food & Beverage
• Water Treatment
• Others

Global Cryogenic Tanks Market Size & CAGR (2025-2032)

• North America (Raw Material, Cryogenic Liquid, Application, End-Use Industry)
  • US
  • Canada
• Europe (Raw Material, Cryogenic Liquid, Application, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Raw Material, Cryogenic Liquid, Application, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Raw Material, Cryogenic Liquid, Application, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Raw Material, Cryogenic Liquid, Application, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Linde plc (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Liquide (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Products and Chemicals, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chart Industries, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Parker Hannifin Corp. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Flowserve Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nikkiso Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INOX India Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cryofab, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FIBA Technologies, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cryogas Equipment Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Taylor-Wharton International LLC (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Water Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cryolor Asia Pacific Private Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• UIG Holdings Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wessington Cryogenics (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Auguste Cryogenics (Slovakia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gardner Cryogenic Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cryoquip Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Super Cryogenic Systems Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations