Global LNG Cryogenic Equipment Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global LNG Cryogenic Equipment Market
The global LNG Cryogenic Equipment market size is projected to reach US$ 5998.1 million by 2028, from US$ 4217 million in 2021, at a CAGR of 5.1% during 2022-2028.
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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global LNG Cryogenic Equipment market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global LNG Cryogenic Equipment market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global LNG Cryogenic Equipment market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global LNG Cryogenic Equipment market.
Global LNG Cryogenic Equipment Scope and Market Size
LNG Cryogenic Equipment market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global LNG Cryogenic Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Tanks
Vaporizers
Valves
Pumps
Others
Segment by Application
LNG Receiving Station
LNG Plants
Others
By Company
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
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA