The global cryogenic fuels market was valued at $105.6 billion in 2020, and is projected to reach $188.7 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
The cryogenic fuel is a fuel that must be kept in storage at extremely low temperatures in order to keep its liquid state. In machinery that functions in space, where regular fuel cannot be used since there isn't an environment that promotes combustion, cryogenic fuels are frequently employed. These fuels include liquefied natural gas, liquid nitrogen, liquid oxygen, liquid helium, liquid neon, and liquid hydrogen (LNG).
The energy/power generation, manufacturing, aerospace, biomedical & healthcare, and chemical industries are driving the demand for cryogenic fuels. Industrial gases like oxygen, liquid oxygen, nitrogen, nitrous oxide, laser mixtures, specialized gases, compressed air, and helium are in high demand in the healthcare industry. The cryogenic storage of body organs and transplant operations both include the use of liquid nitrogen. Over the next four years, it is projected that the emerging economies' economic expansion would lead to the opening of new research institutions and institutes. The expansion of research and testing facilities, particularly in the pharmaceutical and biotechnology industries, will drive up demand for cryogenic gases used to freeze biotechnology products, which will then fuel market expansion.
Get free sample copy of this market report
Key players covered:
Advanced Gas Technologies
Messer Group
Praxair Technology
SOL Group
Air Products and Chemicals
Air Liquide
Norco
AIR WATER
TAIYO NIPPON SANSO
Asia Technical Gas
Gulf Cryo
Maine Oxy
Matheson Tri-Gas
By types:
Liquid Hydrogen
LNG
LPG
Others
By Applications:
Automotive
Electricity Generation
Domestic Fuel
Others
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Cryogenic Fuels Market in these regions:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Click here to purchase this market report
Key Benefits For Stakeholders
The report provides an in-depth analysis of the Cryogenic Fuels Market trends along with the current and future market forecast.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the Cryogenic Fuels Market for strategy building.
A comprehensive Cryogenic Fuels Market analysis covers factors that drive and restrain the Cryogenic Fuels Market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
FREQUENTLY ASKED QUESTIONS?
Q1. What are the driving factors and opportunities in the Cryogenic Fuels Market?
Q2. What are the key growth strategies of Cryogenic Fuels Market players?
Q3. How can I get report sample of Cryogenic Fuels Market?
Q4. Which regions will provide more business opportunities for Cryogenic Fuels Market in future?
Q5. Who are the leading market players active in the Cryogenic Fuels Market?
Q6. How can I get statistical data of top market players of Cryogenic Fuels Market?
Q7. Which segment holds the maximum share of the Cryogenic Fuels Market?
Q8. Who are the potential customers of Cryogenic Fuels Market industry?
Q9. Which applications are expected to drive the adoption of Cryogenic Fuels Market?
Q10. What current trends will influence the Cryogenic Fuels Market in the next few years?
About Credible Markets:
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
The collection of market intelligence reports is regularly updated to offer visitors ready access to the most recent market insights. We provide round-the-clock support to help you repurpose search parameters and thereby avail a complete range of reserved reports. After all, it is all about helping you reach an informed strategic decision about purchasing the right report that caters to all your market research demands.
Reports in the repository of Credible Markets leverage predictive analytical models to study the performance of critical market segments. We believe in the fact that demands of businesses depend on an array of parameters and thus adhere to delivering industry-specific research solutions. Our client base traversing from thriving start-ups to some of the Fortune 500 companies speaks for our expertise in providing deep-dive insights on any desired industry sectors.
Contact Us
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Email: sales@crediblemarkets.com