Cryogenic Tanks Market Vendors SWOT Analysis and Forecast Report 2021 March 2017

ReportsnReports.com adds new research report Global Cryogenic Tanks Market 2017-2021. This
report covers the present scenario and the growth prospects of the global cryogenic tanks market
for 2017-2021. To calculate the market size, the report considers the revenue generated from the
sales of cryogenic tanks.
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The following companies are the key players in the global cryogenic tanks market: Chart Industries,
Cryofab, INOX India, Linde, VRV, and Wessington Cryogenics
Other Prominent Vendors in the market are: FIBA Technologies, Cryoquip, and Gardner Cryogenic
Global Cryogenic Tanks Market 2017-2021, has been prepared based on an in-depth market analysis
with inputs from industry experts. This report covers the market landscape and its growth prospects
over the coming years. The report also includes a discussion of the key vendors operating in this
market.
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Cryogenic technology has improved at a rapid rate in the recent years. Intense research on
cryogenics worldwide has led to technological advances that have broadened the scope of
cryogenics in all major end-users such as medical, industrial, energy, and food processing. In the
recent years, technologies such as hydrofracturing have boosted the oil and gas production to new
heights. However, the environmental impact of this process has laid down concerns regarding the
future of this technology. Researchers in the US have discovered a breakthrough technology;
wherein water can be replaced with cryogenic fluids such as LN2 or liquid CO2. This technology can
reduce water consumption in many processes, resulting in reduced groundwater pumping and
elimination of flowback disposal that leads to induced seismicity. In addition, it reduces formation
damage that occurs due to capillary trapping. analyst expects that this technology would be a major
breakthrough in the oil and gas industry in replacing hydrofracturing technique.
The cryogenic tanks market study was conducted using an objective combination of primary and
secondary information including inputs from key participants in the industry. The report contains a
comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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According to the report, nitrogen is used in the food processing industry for preserving and freezing
foods. Nitrogen-cooled freezers are replacing conventional refrigerants such as ammonia and
fluorocarbons, which affect the environment. The food processing industry uses LN2 freezers to
increase throughput and product quality. LN2 is used in various applications of food processing such
as mixing, grinding, and coating applications. It is used in mixing to cool the temperature of sauces
and gravies, and during grinding, as it helps to remove frictional heat to enhance grinding
consistency. Although, the use of LN2 reduces aroma and flavor in functional foods, ingredients, and
food additives, the advantages offered by LN2 score over the small disadvantage which can be
overcome by external natural ingredients.
Further, the report states that in the recent years, the global demand for LNG has decreased due to
several reasons such as sluggish electricity growth amidst continued robust deployment of