Press release
Europe LNG storage tank Market Size and Growth Opportunities with COVID19 Impact Analysis | Top Companies Air Water Inc., Chart Industries, Inc., CIMC Enric Holding Ltd., Cryolor, IHI Corporation
Europe LNG storage tank Market
The LNG storage tank market in Europe is expected to grow from US$ 1,788.71 million in 2021 to US$ 3,069.83 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
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Initially, the insulation was employed using polystyrene panels attached to the outer surface of the pressure vessel. For the transportation of diversified liquid hydrocarbons, the standard storage system is maintained at low temperatures in the IGC Code Type-C austenitic steel pressure vessels. However, manufacturers take it as a misconception that insulation is sensitive, fragile, and cannot be used without a steel canopy used for weather protection. The insulation material procured by the manufacturers is to cover an outer fire-resistant cladding, that generates a hard outer surface.
Major key players covered in this report:
• Air Water Inc.
• Chart Industries, Inc.
• CIMC Enric Holding Ltd.
• Cryolor
• IHI Corporation
• India Inox Pvt. Ltd.
• ISISAN AS
• Linde Plc
• McDermott International, Inc.
• Wartsila Corporation
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Europe LNG Storage Tank Market Segmentation
Europe LNG Storage Tank Market - By
Configuration
• Self-Supporting Tank
• Non-Self-Supporting Tank
Europe LNG Storage Tank Market - By Type
• LNG Carrier
• LNG Fueled Vessel
The research on the Europe LNG storage tank market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe LNG storage tank market on the basis of end user, product type, application, and demography for the forecast period 2021–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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