Cryogenic Tanks Market – Global Forecast to 2024
The global cryogenic tanks market size of is estimated at USD 6.2 billion in 2019 and projected to reach USD 8.1 billion by 2024, at a CAGR of 5.5%. The global cryogenic tanks industry is driven by improving healthcare services, especially in the developing economies. Rising demand for LNG in various sectors, such as automotive, domestic & commercial fuel, and power generation is expected...
Attractive Opportunities in the Cryogenic Tanks Market
Increasing demand for LNG in energy generation is expected to drive the market during the forecast period.
The global cryogenic tanks market size of is estimated to be USD 6.2 billion in 2019 and projected to reach USD 8.1 billion by 2024, at a CAGR of 5.5%. Cryogenic tanks are designed to keep the gases in the liquid state at very low temperatures (below − 238°F), which cannot be managed using...