Global Cryogenic Tanks Market Touch USD 1,788.4 Million by 2025

The global cryogenic oxygen plants and tanks market is anticipated to reach USD 1,788.4 million by 2025 at a CAGR of 5.4% from 2016 to 2025. Increasing demand for cryogenic tanks from various industries such as metal & non-metal chemical, food & beverage, construction and pharmaceuticals and cosmeceuticals along with the technological enhancements are some of the key factors expected to drive the growth of the industry.

 

Credence Research, Inc., a leading market research and consulting company has recently announced the release of its latest research report – Global Cryogenic Tanks Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2025.

 

The global cryogenic tanks market is segmented on the basis of technology, application, and region. The major application segments covered in this report are manufacturing, pharmaceuticals, and healthcare sectors.

 

At present the market is undergoing a major technological revolution due to significant innovations and developments in the technology. The latest technological advances, such as increase in strength of the material and durability, have resulted in the development of lighter and high-performance cryogenic tanks and cryogenic oxygen plants, changing the scenario entirely. Moreover, imperative applications in various industries are also contributing to the growth of this market.

 

Cryogenic tanks are used to store a liquid material in a cryogenic state. These are mostly preferred for their robust construction as well as easy maintenance of such items. Many consumers opt for cryogenic tanks owing to their superior performance along with advanced features such as high endurance, longer service life and cost effectiveness.

 

Cryogenic tanks are cylindrically shaped containers that contain cryogens. The cryogen is a material that remains liquid at temperatures far below the ordinary freezing point of water. These tanks can be made of stainless steel RCC (Reinforced Cement Concrete), aluminum and other metals and are used for storage of gases, oil and other fluids in laboratories across the globe.

 

Bhartiya Cryogas is a pioneer in the field of cryogenics. We offer comprehensive range of customized cryogenic tanks for storing, pumping and supplying liquid gases. Our extensive range includes vacuum insulated storage & transport tanks, vacuum insulated transit tanks, ASME certified sonic test chambers for performing low pressure tests at subzero temperatures, high temperature furnaces suitable for various tests at very high temperatures of 18 K to 29 K in air tight design.

 

Cryogenics is gaining the popularity and the demand of a huge customer base. We are leading manufacturer and supplier of cryogenics such as Cryogenic Vessels, Cryogenic Tubes, Cryogenic Cylinders and our product range is constantly modernized with latest models, new features and state-of-the-art technology by implementing these technologies. We have a vast network that stretches across the country with state of art infrastructure in place to deliver complete solutions.

 

There are several types of plants fabricated and supplied by Bhartiya Cryogas. They are:

CRYOGENICS

1) Medium Pressure Oxygen/Nitrogen Gas/Liquid Plants

2) Low Pressure Oxygen/Nitrogen Gas/Liquid Plants

 

PRESSURE SWING ADSORPTION (PSA)

1) PSA/VPSA Oxygen/Nitrogen Generators

 

INDUSTRIAL GAS PLANTS

1) Hi-tech Acetylene plants

2) Nitrous Oxide plants

3) CO2 plants

4) Cylinder Filling Station

Tags:

cryogenic tank market, cryogenics tanks, cryogenics, oxygen plant manufacturer, oxygen plant, oxygen supplier, oxygen supplier in India, oxygen production plant, PRESSURE SWING ADSORPTION, PSA, Air Separation Plant (ASP), CO2 plants, PSA Oxygen generator