Liquid Nitrogen Storage Equipment Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030.
The global liquid nitrogen storage equipment market was valued at approximately USD 1.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The growth is primarily driven by the increasing adoption of liquid nitrogen in various end-use industries including healthcare, pharmaceuticals, and food and beverages, where it is used for cryopreservation and cooling applications. The market's expansion is supported by advancements in storage technology and the rising demand for efficient and reliable storage solutions. As of 2022, the market saw significant investments in technological innovations and capacity expansions to meet growing industrial needs.
Emerging markets present notable opportunities for growth in the liquid nitrogen storage equipment sector. Countries in Asia-Pacific, particularly India and China, are experiencing rapid industrialization and advancements in healthcare infrastructure, driving demand for advanced storage solutions. Additionally, the increasing number of research and development activities in these regions highlights the potential for growth. The burgeoning interest in biotechnology and the expansion of pharmaceutical research further accentuate the market's potential in these regions. As these markets continue to develop, they are expected to offer substantial opportunities for expansion and innovation in liquid nitrogen storage equipment.
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Chart MVE
Thermo Scientific
Worthington Industries
Statebourne
CryoSafe
INOX India
Custom Biogenic Systems (CBS)
Day-Impex (Dilvac)
Cryotherm
Haier Shengjie
Meling
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 Global Liquid Nitrogen Storage Equipment Market
Labs and Education
Pharma and Hospital
Stem Cell and Blood Bank
Others
Based on Types the Market is categorized into Below types that held the largest Liquid Nitrogen Storage Equipment market share In 2023.
Stainless Steel Tank
Aluminum Tank
Other Tank
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Liquid Nitrogen Storage Equipment 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. Global Liquid Nitrogen Storage Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liquid Nitrogen Storage Equipment Market, By Type
6. Global Liquid Nitrogen Storage Equipment Market, By Application
7. Global Liquid Nitrogen Storage Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Liquid Nitrogen Storage Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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