Report overview
Liquefied natural gases (LNGs) have been one of the biggest factors of Cryogenic Equipment market growth. Cryogenic equipment is mainly used to store, transport, and supply LNG.
In the coming years, investments in new markets in countries such as China, Brazil and India as well as stricter government regulations will lead to higher natural gas production as more and more global companies opt to use low emissions fuel like LNG. As a result, demand for cryogenic equipment will rise worldwide, ensuring market growth.
The LNG Cryogenic Equipment industry can be broken down into several segments, Tanks, Vaporizers, Valves, Pumps, etc.
Across the world, the major players cover Linde, Air Liquide, MAN Energy Solutions, etc.
This report aims to provide a comprehensive presentation of the global market for LNG Cryogenic Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LNG Cryogenic Equipment. This report contains market size and forecasts of LNG Cryogenic Equipment in global, including the following market information:
Global LNG Cryogenic Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global LNG Cryogenic Equipment market was valued at US$ 4339.1 million in 2022 and is projected to reach US$ 6057.1 million by 2029, at a CAGR of 4.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For the LNG Cryogenic Equipment industry. Linde, Air Liquide, MAN Energy Solutions are the leading companies. The top 3 manufacturers have market share about 25%. Manufacturers are increasing their R&D capabilities to diversify their product range and are also making efforts to enhance their product quality. This is likely to lead to the introduction of many advanced products in the market during the forecast period.
In this study, the sales market for LNG Cryogenic Equipment was divided into 5 geographic regions. Asia-Pacific occupies the largest sales market share with 49%. Moreover, North America is the second and holds about 24% of the total.
Based on product type, Tanks segment is projected to account for the largest consumption market share; this segment occupies 35% share in terms of consumption value.
In the applications, LNG Plants segment was estimated to account for the highest market share nearly 40%, LNG Receiving Station segment holds over 30% of the market share.
We surveyed the LNG Cryogenic Equipment companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LNG Cryogenic Equipment Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global LNG Cryogenic Equipment Market Segment Percentages, by Type, 2022 (%)
Tanks
Vaporizers
Valves
Pumps
Others
Global LNG Cryogenic Equipment Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global LNG Cryogenic Equipment Market Segment Percentages, by Application, 2022 (%)
LNG Receiving Station
LNG Plants
Others
Global LNG Cryogenic Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global LNG Cryogenic Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LNG Cryogenic Equipment revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies LNG Cryogenic Equipment revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Linde
Air Liquide
MAN Energy Solutions
Furuise
Air Products & Chemicals
Wartsila
Mcdermott
IHI
Chart Industries
Toyo Kanetsu K.K.
Emerson
Flowserve
Schlumberger(Cameron)
Kitz
Herose
ISISAN
Parker Bestobell
Auguste Cryogenics
Cryeng Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of LNG Cryogenic Equipment, market overview.
Chapter 2: Global LNG Cryogenic Equipment market size in revenue.
Chapter 3: Detailed analysis of LNG Cryogenic Equipment company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of LNG Cryogenic Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
