CRYOGENIC TANKS MARKET ANALYSIS

Regional Analysis

Global Cryogenic Tanks Market: Regional Insights

Based on geography, the global cryogenic tanks market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

At present, North America is expected to dominate the global cryogenic tanks market over the forecast period owing to the presence of well-established manufacturing industries and stricter energy efficiency policies. According to the Coherent Market Insights analysis, in 2019, the U.S. accounted for the largest market share in the North America cryogenic tanks market and is projected to record the highest CAGR over the forecast period.

Europe is expected to witness fastest growth in the global market over the forecast period owing to the growing demand from food & beverages, healthcare, electronics, and other industries, including petrochemicals. In Europe, Germany holds the largest share in the European cryogenic tanks market, followed by, Russia, UK, and Italy.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Rest of World