| Product Code: ETC4493965 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s cryogenic tanks import market in 2024 continues to be dominated by top exporting countries such as China, Austria, UAE, and Germany. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, suggesting a competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 28.55% from 2020 to 2024 demonstrates a significant expansion in the market. Moreover, the growth rate of 12.14% from 2023 to 2024 signifies continued momentum and opportunities for both importers and exporters in the cryogenic tanks sector.

Cryogenic tanks are vital in industries that require the storage and transport of liquefied gases at extremely low temperatures. The market for cryogenic tanks in India has seen growth due to the increasing use of liquefied gases in sectors like healthcare, industrial manufacturing, and energy. These tanks are essential for the safe and efficient handling of cryogenic materials. As the demand for liquefied gases and cryogenic applications expands, the market for cryogenic tanks in India is likely to expand further.
The India Cryogenic Tanks Market is influenced by the expanding industrial gas and healthcare sectors. Cryogenic tanks are essential for the storage and transportation of liquefied gases and medical products. The growth of healthcare facilities, as well as the need for clean and sustainable energy sources, drives market growth.
Cryogenic tank market challenges include the need for advanced safety measures to handle extremely low temperatures and the transport of cryogenic liquids. Moreover, the high capital and operational costs associated with cryogenic technology are significant barriers to entry for many potential users and industries.
The cryogenic tanks market may have faced some delays in projects due to the pandemic, but the need for cryogenic storage for medical and industrial applications remained constant.
Key Players in the market are Linde plc, INOX India, VRV S.p.A, and Cryolor.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cryogenic Tanks Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 India Cryogenic Tanks Market - Industry Life Cycle |
3.4 India Cryogenic Tanks Market - Porter's Five Forces |
3.5 India Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 India Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquefied natural gas (LNG) in India |
4.2.2 Growth in healthcare industry leading to higher demand for cryogenic tanks for medical applications |
4.2.3 Rising investments in research and development for cryogenic technologies |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with cryogenic tanks |
4.3.2 Stringent regulatory requirements for handling and transporting cryogenic materials |
4.3.3 Lack of skilled workforce for operating and maintaining cryogenic tanks |
5 India Cryogenic Tanks Market Trends |
6 India Cryogenic Tanks Market, By Types |
6.1 India Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Cryogenic Tanks Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.4 India Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.5 India Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 India Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 India Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 India Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 India Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 India Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 India Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 India Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 India Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 India Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 India Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 India Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 India Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 India Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 India Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 India Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 India Cryogenic Tanks Market Export to Major Countries |
7.2 India Cryogenic Tanks Market Imports from Major Countries |
8 India Cryogenic Tanks Market Key Performance Indicators |
8.1 Research and development investment in cryogenic technologies |
8.2 Adoption rate of LNG in India |
8.3 Number of new applications utilizing cryogenic tanks |
8.4 Energy efficiency improvements in cryogenic tank technologies |
8.5 Safety incidents or compliance violations related to cryogenic tank operations |
9 India Cryogenic Tanks Market - Opportunity Assessment |
9.1 India Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 India Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Cryogenic Tanks Market - Competitive Landscape |
10.1 India Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 India Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |