Natural gas is stored at significantly low temperatures (-260°F / -162°C) in the form of LNG or liquefied natural gas. LNG storage tanks are specialized tanks used for storing LNG. These tanks can be found in the ground, LNG carriers, or above ground. Rising investments in the LNG bunkering facilities and growing usage of LNG in various end-use industries is driving the growth of the LNG storage tank market in the forecast period. The growth is likely to be the highest in the Asia Pacific region, with countries such as China and India expanding their manufacturing sectors.
The LNG storage tank market is anticipated to grow in the forecast period owing to driving factors such as a rise in the trade of LNG across the globe, coupled with the increase in the number of floating storage and regasification units. However, high installation costs may negatively influence the growth of the LNG storage tank market during the forecast period. On the other hand, growth of the marine transport is likely to create significant growth opportunities for the key players of the LNG storage tank market in the coming years.
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The List of Companies: AIR WATER INC., Chart Industries, CIMC ENRIC HOlDINGS LIMITED, Cryolor (Air Liquide S.A), IHI Corporation, INOX India Pvt. Ltd., ISISAN A.S., Linde plc, McDermott International Inc., Wartsila Corporation
The latest research report on the “LNG Storage Tank Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2028” provides a comprehensive assessment of the LNG Storage Tank market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the LNG Storage Tank market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the LNG Storage Tank Market in order to help decision makers with various strategic insights and future outlook. The LNG Storage Tank market is expected to witness continued growth during the forecast period from 2020 to 2028.
This is a professional and in-depth study on the current state of the LNG Storage Tank Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. LNG Storage Tank Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading LNG Storage Tank Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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