Global LNG Storage Tanks Market Insights, Forecast to 2028

Demand for LNG storage tanks is mainly driven by growing demand for LNG in the power, energy and steel end-use industries. Depending on the type, the self-supporting segment is expected to occupy a larger market share in 2020. The growth of this segment is due to the growth of LNG trade and the growing demand for LNG in the energy and power end-use industries.
Market Analysis and Insights: Global LNG Storage Tanks Market
Due to the COVID-19 pandemic, the global LNG Storage Tanks market size is estimated to be worth US$ 14380 million in 2022 and is forecast to a readjusted size of US$ 20550 million by 2028 with a CAGR of 6.1% during the review period. Fully considering the economic change by this health crisis, Self-Supportive accounting for % of the LNG Storage Tanks global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Steel segment is altered to an % CAGR throughout this forecast period.
China LNG Storage Tanks market size is valued at US$ million in 2021, while the US and Europe LNG Storage Tanks are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe LNG Storage Tanks landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of LNG Storage Tanks include Wartsila, McDermott International, IHI Corporation, Air Water, Cimc Enric, Chart Industries, Isisan AS and Cryolor, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the LNG Storage Tanks capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of LNG Storage Tanks by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global LNG Storage Tanks Scope and Segment
LNG Storage Tanks market is segmented by Type and by Application. Players, stakeholders, and other participants in the global LNG Storage Tanks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Self-Supportive
Non Self-Supportive
Segment by Application
Steel
Energy
By Company
Wartsila
McDermott International
IHI Corporation
Air Water
Cimc Enric
Chart Industries
Isisan AS
Cryolor
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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