1. Home
  2. > Chemical
  3. > Specialty Chemical
  4. > Industrial Gases Market Trends
India Cryogenic Tanker Market, By Product Type, By Application, By Liquefied Gas, By End User, By Region, Competition Forecast & Opportunities, 2017-2027

India Cryogenic Tanker Market, By Product Type, By Application, By Liquefied Gas, By End User, By Region, Competition Forecast & Opportunities, 2017-2027

  • August 2022
  • 96 pages
  • ID: 6316622
  • Format: PDF
  • TechSci Research

Summary

Table of Contents

India Cryogenic Tanker Market, By Product Type (Stationary Type, Trailer Type), By Application (Storage, Transportation), By Liquefied Gas (Natural Gas, Nitrogen, Oxygen, Others), By End User (Healthcare, Food & Beverage, Petrochemical, Others), By Region, Competition Forecast & Opportunities, 2017-2027

India cryogenic tanker market was valued at USD203.82 million in FY2022 and is anticipated to grow at CAGR of 5.65% through FY2028 owing to increasing demand for industrial gases from oil & gas and food & beverage industries, coupled with technological advancements in the cryogenic tanker.
A tank or tanker used to store materials at extremely low temperatures is referred to as a cryotank or cryogenic tanker.The phrase describes the holding of extremely cold fuels, such as liquid oxygen and liquid hydrogen, at temperatures below -150°.

Many science fiction films feature cryotanks and cryogenics, however, these technologies are still in their infant stage.The cryogenic tanks are especially made to be utilized for separating the liquid from the vessel’s heat.

The country’s expanding healthcare sector and the pharmaceutical industry’s strong R&D expenditures are anticipated to further boost the market growth.
Increasing Demand in Food and Beverage Industry
The national food and beverage industry has been receiving investment thanks to measures taken by the government.In this regard, as part of the Mega Food Park program, the government has approved the creation of 39 Mega Food Parks (MFPs).

There are now only 18 of these MFPs in use, and more are being created.The food processing industry is expected to potentially attract investments totaling up to USD33 billion by 2024.

Since, cryogenic tanks are needed for the transportation and storage of beverages, food items, juices, as well as fruits, therefore, demand for cryogenic tankers is high in the country.
Increase in Research & Development and Technological Expansion
The growth of cryogenic tank warehousing and distribution applications represents a strong prospective business opportunity.Tankers also feature cutting-edge technological advancements like single wire submerged arc welding, which boosts product functionality and efficiency and drives market expansion.

Many end-use sectors, such as metal processing, healthcare, power, energy, food and beverage, and many others, are using cryogenic tankers frequently.Additionally, the recent COVID-19 spread has created significant growth potential for the healthcare industry.

The pharmaceutical industry invested a large amount of money in research and development, which has boosted the demand for cryogenic storage solutions for liquid nitrogen and some other gases and is projected to fuel market growth.
Increasing Investment in the Oil and Gas Sector
In response to the increasing demand for oil and gas, cryogenic tankers are forecast to witness increased demand in the oil & gas sector. By 2030, the Union government has made plans to expand natural gas’s share of the country’s energy mix from its present level of 6.7% to 15%. Indian Oil Corp. Ltd. (IOCL) announced in January 2022 that it will be investing USD918.6 million in its city gas distribution (CGD) business. Additionally, the Indian government plans to sell off 50% of its SPR (strategic petroleum reserves) to raise money and construct additional storage tanks to balance out rising oil prices. The development in these operations will spur demand for transportation using cryogenic tanks and hence accelerate market expansion in India.
Driving the Demand for Industrial Gas in End-use Applications
The rise in industrial gas end-use applications is the main factor driving the demand for cryogenic tanks.Industrial gases are transferred through pipelines or appropriate containers, including cryogenic tanks.

Gases like liquid nitrogen, argon, and oxygen are stored, handled, and transferred using cryogenic tankers and trailers of various capacities and pressures.Cryogenic tanks are used to carry nitrogen gas in a variety of technical and commercial applications.

Another gas that is regularly transported and kept in a cryogenic tanker is liquid oxygen because it is both a potent oxidant and life-sustaining gas.The increasing number of gas liquefaction applications across multiple end-use domains is anticipated to boost the cryogenic tanker industry over the anticipated period.

Cryogenic tanks provide liquid transport and storage that is cheaper and more compact than the large gaseous holding of an equivalent volume. Thus, the expansion of industrial applications is fueling the market for cryogenic tankers in India.
Market Segmentation
The India Cryogenic Tanker Market is segmented based on By Product Type, By Application, By Liquefied Gas, By End User, By Region and By Company.Based on Product Type, the market is further fragmented into Stationary Type and Trailer Type.

Based on the Application, the market is segmented into Storage and Transportation.Based on Liquified Gas, the market is segmented into Natural Gas, Nitrogen, Oxygen, and Others.

Based on the End user, the market is segmented into Healthcare, Food & Beverage, Petrochemical, and Others. The market analysis also studies the regional segmentation, divided among West India, South India, North India and East India.
Company Profiles
INOX India Pvt Ltd, VRV Asia Pacific Pvt.Ltd, Cryolor Asia Pacific Private Limited (India), Linde India Limited, Cryogas Equipment Private Limited, Vijay Tanks & Vessels Pvt.

Ltd, Krison Engineering Works, Precise Vacuum Systems Private Limited, SicgilSol India Private Limited, Super Cryogenic Systems Private Limited are among the major market players in the India Cryogenic tanker Market.

Years considered for this report:

Historical Years: FY2018-FY2021
Base Year: FY2022
Estimated Year:FY023E
Forecast Period: FY2024F–FY2028F

Report Scope:

In this report, India Cryogenic Tanker Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• India Cryogenic Tanker Market, By Product Type:
o Stationary Type
o Trailer Type
• India Cryogenic Tanker Market, By Application:
o Storage
o Transportation
• India Cryogenic Tanker Market, By Liquefied Gas:
o Natural Gas
o Nitrogen
o Oxygen
o Others
• India Cryogenic Tanker Market, By End User:
o Healthcare
o Food & Beverage
o Petrochemical
o Others
• India Cryogenic Tanker Market, By Region:
o West
o South
o North
o East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Cryogenic Tanker Market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on