Press release
Advancements in Cryogenic Liquid Transport Vehicles : A Market Analysis
The increased demand for cryogenic liquid transport vehicles in developing countries represents a growth opportunity for the cryogenic liquid transport vehicle market. India and China are experiencing rapid economic growth and industrialization, which is driving demand for cryogenic liquids such as liquefied natural gas (LNG), liquid nitrogen, and liquid oxygen.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/3138
China overtakes other countries as the world's top LNG importer with LNG imports reaching 79 million tons in 2021. Moreover, cryogenic liquids can also be used in carbon capture and storage (CCS) technologies, which seek to reduce carbon dioxide emissions from factories, power plants, and other industrial processes. Thus, manufacturers and suppliers in this market have a significant opportunity to grow their businesses and boost their income due to the rise in demand for cryogenic liquid transport vehicles in developing markets.
Moreover, in the U.S., demand for cleaner energy is expected to increase, creating growth opportunities for cryogenic liquid tank and trailer manufacturers. For instance, in March 2023, Chart Industries, a global engineering design and manufacturing firm, signed a collaboration agreement with Nikola Corporation on the development of hydrogen technologies for infrastructure and truck on-board fuel systems. The deal involves the development of new transportable and modular hydrogen refueling stations, liquid hydrogen storage tanks, and transport trailers. Nikola already executed purchase contracts with Chart for several liquid hydrogen storage tanks, mobile and modular refueling stations, and liquid hydrogen transport trailers for the rollout of its hydrogen electric vehicles.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/cryogenic-liquid-transport-vehicle-market/purchase-options
Prioritizing safety and efficiency, the cryogenic liquid transportation vehicle for flammable liquids is engineered to withstand even the most extreme temperature and pressure conditions using high quality materials such as stainless steel. Moreover, advanced insulation materials are incorporated into its design for optimal thermal management. These vehicles deliver smooth and steady transportation and are equipped with a comprehensive range of protective features such as pressure relief valves, flame arrestors, and emergency shut-off valves.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Cryolor
Eurotank GmbH
FIBA Technologies, Inc.
Zhangjiagang FURUI CIT Co., Ltd.
Karbonsan Pressure Vessels and Trading Co.
Chart Industries, Inc.
Shijiazhuang Enric Gas Equipment Co., Ltd.
Cryogenmash
Wessington Cryogenics
Cryogas Equipment Private Limited
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ :
By vehicle type, the flammable liquid transport vehicle segment is anticipated to exhibit significant growth in the future.
By application, the liquid hydrogen segment is anticipated to exhibit significant growth in the future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/3138
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