Japan Large-scale Cryogenic Storage Tank Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Japan large-scale cryogenic storage tank market has been experiencing a significant boom due to the rising demand for liquefied natural gas (LNG), industrial gases, and the increasing adoption of renewable energy solutions. Cryogenic tanks, designed to store gases at extremely low temperatures, are crucial for industries that require the storage of gases in liquid form, such as LNG, oxygen, nitrogen, and carbon dioxide. These tanks play a vital role in ensuring the safe and efficient storage and transportation of these gases, especially in a nation like Japan, which heavily relies on imported LNG and other gases for its energy needs.
As the demand for these gases grows, so does the need for large-scale cryogenic storage tanks. The increasing industrialization in Japan, alongside the push for cleaner and more sustainable energy sources, has significantly influenced this market. With the government's commitment to reducing greenhouse gas emissions, Japan is seeing a shift toward LNG as a cleaner alternative to coal and oil. This has resulted in higher demand for cryogenic tanks that can store LNG in its liquid form, facilitating easier transportation and usage in various industries, such as power generation, transportation, and manufacturing.
Industries such as healthcare, manufacturing, and food processing also rely heavily on cryogenic storage tanks to store gases like nitrogen and oxygen. In the healthcare sector, cryogenic tanks are used for medical gases such as oxygen, vital for hospitals and clinics. The food industry uses cryogenic nitrogen for freezing and preservation purposes, while the manufacturing sector uses cryogenic oxygen for industrial applications. These industries require large-scale cryogenic storage tanks that can handle vast quantities of these gases efficiently, ensuring uninterrupted production and safety.
As Japan's industrial landscape evolves, the large-scale cryogenic storage tank market is set to grow, driven by technological advancements and the need for reliable storage solutions. With various sectors relying on the secure storage and transportation of liquefied gases, the market is poised for expansion, bringing with it new opportunities for manufacturers and suppliers in the region. Moreover, the continuous development of infrastructure to accommodate large-scale cryogenic storage tanks will likely contribute to the growth and evolution of this market, meeting the evolving demands of industries across Japan.
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Cryolor
MAN Cryo
lapesa Grupo Empresarial S.L.
Auguste Cryogenics
Furuise
Chart
TransTech Energy
Eurotainer SA
Cryocan
Chengdu Shenleng Liquefaction Plant Co.
Ltd.
Zhong Yun Intelligent Machinery Group Co.
Ltd.
Sichuan Air Separation Plant Group
Xinxiang Chengde Energy Technology Equipment Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Large-scale Cryogenic Storage Tank Market
Liquid Nitrogen (LN2)
Liquid Oxygen (LOX)
Liquid Argon (LAR)
Liquid Hydrogen (LH2)
Liquid Helium (LHe)
Aerospace
Healthcare and Medical
Energy and Power
Food and Beverage
Research and Development
Vertical Tanks
Horizontal Tanks
Single-Wall Tanks
Dewar Tanks
Double-Wall Tanks
Stainless Steel
Carbon Steel
Aluminum
Composite Materials
Nickel Alloys
Less than 10,000 Liters
10,000 - 50,000 Liters
50,000 - 100,000 Liters
100,000 - 500,000 Liters
Above 500,000 Liters
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Large-scale Cryogenic Storage Tank Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Large-scale Cryogenic Storage Tank Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Large-scale Cryogenic Storage Tank Market, By Type
6. Japan Large-scale Cryogenic Storage Tank Market, By Application
7. Japan Large-scale Cryogenic Storage Tank Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Large-scale Cryogenic Storage Tank Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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