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Opportunities in the Global Cryogenic Tanks Market 2020-2027 - Storage and Shipping of COVID-19 Vaccines Drives Efforts to Develop Cryogenic Containers

Share this article Share this article ResearchAndMarkets.com s offering. Amid the COVID-19 crisis, the global market for Cryogenic Tanks estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.Liquid Nitrogen, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$2.8 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquefied Natural Gas (LNG) segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Cryogenic Tanks market.

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Cryogenic Tanks Market Size, Trends, Companies, Driver, Segmentation, Forecast to 2026

Cryogenic Tanks Market Size, Trends, Companies, Driver, Segmentation, Forecast to 2026
marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.

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Global Cryogenic Tanks Market to Reach US$7 9 Billion by the Year 2027 - ResearchAndMarkets com

Share: ResearchAndMarkets.com s offering. Amid the COVID-19 crisis, the global market for Cryogenic Tanks estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Liquid Nitrogen, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$2.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquefied Natural Gas (LNG) segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Cryogenic Tanks market.

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Global Cryogenic Tanks Market to Reach US$7 9 Billion by the Year 2027 - ResearchAndMarkets com - Press Release

Global Cryogenic Tanks Market to Reach US$7 9 Billion by the Year 2027 - ResearchAndMarkets com - Press Release
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United statesSouth koreaLaura woodHydrogen segment cornersOffice hours callCryogenic tanks in space technologyCryofab incSuperconductivity for affordable energy storageE st office hours callWessington cryogenics ltdTechnologies incSuretank group ltdIndustries incEden cryogenicsCryogenic applications for mars missionsBusiness wire