Product Code: A02798
The cryogenic liquid transport vehicle market in Europe is developing due to increased demand for cryogenic liquids in healthcare, food and transportation industries and a shift towards sustainable energy sources. The UK, Germany, France, Italy, and other European countries are important players in this sector, with corporations spending on R&D to accommodate changing client needs. High levels of innovation and technological improvement characterize the market in Germany and France.
The increased demand for LNG is an important driver for flammable liquid cryogenic transport vehicles. Natural gas is a cleaner and more efficient fuel source than oil and coal, leading to a rise in demand for LNG. According to Shell, during 2021, global trading in liquefied natural gas surged. Trade reached 380 million tons, up by 21 million tons (or 6.0%) from 2020 and the global LNG demand is predicted to double by 2040. As the demand for LNG grows, so does the requirement for cryogenic transport vehicles that can safely transport the liquefied gas from production facilities to end users.
In May 2022, Chart Industries, Inc., a major global manufacturer of liquefaction and cryogenic equipment for many applications in the energy and industrial gas end sectors, finished the $4 million acquisition of CSC Cryogenic Service Centre AB of Sweden. This broadens regional presence and repair & service capabilities for mobile equipment, specifically trailers as well as ISO containers, stationary and transportable tanks, pumps, flowmeters, and LNG fueling stations.
The global demand for cryogenic liquids is driven by a surge in demand from energy and power generation, manufacturing, aerospace, biomedical & healthcare, and chemical industries. There is growth in demand for industrial gases such as liquid oxygen, nitrogen, liquid nitrogen, and specialty gases in diverse sectors. Liquid nitrogen is used during transplant procedures in blood bank storage units and for the cryogenic storage of body organs.
Furthermore, economic growth in emerging countries is anticipated to result in the establishment of new research facilities and institutes in the coming years. This rise in research and testing facilities, especially in the field of pharmaceuticals and biotechnology, is expected to propel the demand for cryogenic gases, in turn driving the demand for cryogenic liquid transport vehicles.
The cryogenic liquid transport vehicle market is segmented on the basis of vehicle type, application, and region. By vehicle type, it is segmented into non-flammable liquid transport vehicles and flammable liquid transport vehicles. By application, it is classified into liquid oxygen, liquid nitrogen, liquid argon, liquid hydrogen, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the report comprise: Chart Industries, Cryogenmash, FIBA Technologies, Inc., Shijiazhuang Enric Gas Equipment Co., Ltd., Karbonsan Pressure Vessel & Trading o., Cryolor, Wessington Cryogenics, Eurotank GmbH, Cryogas Equipment Private Limited, and Zhangjiagang Furui CIT Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cryogenic liquid transport vehicle market analysis from 2022 to 2032 to identify the prevailing cryogenic liquid transport vehicle market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cryogenic liquid transport vehicle market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cryogenic liquid transport vehicle market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Vehicle Type
- Flammable Liquid Transport Vehicle
- Non-flammable Liquid Transport Vehicle
By Application
- Liquid Oxygen
- Liquid Nitrogen
- Liquid Argon
- Liquid Hydrogen
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Chart Industries
- Cryogas Equipment Private Limited
- Cryogenmash
- Cryolor
- Eurotank GmbH
- FIBA Technologies, Inc.
- Karbonsan Pressure Vessel & Trading Co.
- Shijiazhuang Enric Gas Equipment Co., Ltd.
- Wessington Cryogenics
- Zhangjiagang Furui CIT Co., Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for cryogenic gases from diverse industries
- 3.4.1.2. Rise in demand for Liquefied Natural Gas (LNG)
- 3.4.1.3. Increase in adoption of clean energy sources
- 3.4.2. Restraints
- 3.4.2.1. High costs associated with cryogenic liquid transport vehicles
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancement
- 3.4.3.2. Greater demand from developing countries
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: CRYOGENIC LIQUID TRANSPORT VEHICLE MARKET, BY VEHICLE TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Flammable Liquid Transport Vehicle
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Non-flammable Liquid Transport Vehicle
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: CRYOGENIC LIQUID TRANSPORT VEHICLE MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Liquid Oxygen
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Liquid Nitrogen
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Liquid Argon
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Liquid Hydrogen
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: CRYOGENIC LIQUID TRANSPORT VEHICLE MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Vehicle Type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Vehicle Type
- 6.2.4.1.3. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Vehicle Type
- 6.2.4.2.3. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Vehicle Type
- 6.2.4.3.3. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Vehicle Type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Vehicle Type
- 6.3.4.1.3. Market size and forecast, by Application
- 6.3.4.2. UK
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Vehicle Type
- 6.3.4.2.3. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Vehicle Type
- 6.3.4.3.3. Market size and forecast, by Application
- 6.3.4.4. Italy
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Vehicle Type
- 6.3.4.4.3. Market size and forecast, by Application
- 6.3.4.5. Rest of Europe
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Vehicle Type
- 6.3.4.5.3. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Vehicle Type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Vehicle Type
- 6.4.4.1.3. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Vehicle Type
- 6.4.4.2.3. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Vehicle Type
- 6.4.4.3.3. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Vehicle Type
- 6.4.4.4.3. Market size and forecast, by Application
- 6.4.4.5. Rest of Asia-Pacific
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Vehicle Type
- 6.4.4.5.3. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Vehicle Type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Latin America
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Vehicle Type
- 6.5.4.1.3. Market size and forecast, by Application
- 6.5.4.2. Middle East
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Vehicle Type
- 6.5.4.2.3. Market size and forecast, by Application
- 6.5.4.3. Africa
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Vehicle Type
- 6.5.4.3.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Cryolor
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Key strategic moves and developments
- 8.2. Eurotank GmbH
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. FIBA Technologies, Inc.
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.4. Zhangjiagang Furui CIT Co., Ltd.
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Key strategic moves and developments
- 8.5. Karbonsan Pressure Vessel & Trading Co.
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.6. Chart Industries
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. Shijiazhuang Enric Gas Equipment Co., Ltd.
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. Cryogenmash
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. Wessington Cryogenics
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Cryogas Equipment Private Limited
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio