| Product Code: ETC4493963 | Publication Date: Jul 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, Japan saw significant imports of cryogenic tanks with top exporters being China, South Korea, USA, Germany, and Russia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a remarkable compound annual growth rate (CAGR) of 23.27% from 2020 to 2024 and a notable growth rate of 17.9% in 2024 alone, the demand for cryogenic tanks in Japan is evidently on the rise, suggesting potential opportunities for market players in this sector.

The Japan Cryogenic Tanks Market is experiencing steady growth due to the increasing demand for energy storage solutions and advancements in healthcare technologies. The market is driven by the growing adoption of liquefied natural gas (LNG) for power generation and transportation, as well as the expansion of the healthcare sector for storing and transporting medical gases. Key players in the market are focusing on innovation and product development to enhance the efficiency and safety of cryogenic tanks. Additionally, stringent regulations regarding the storage and handling of cryogenic liquids are propelling the market growth. The Japan Cryogenic Tanks Market is expected to continue its upward trajectory with the increasing investments in infrastructure and the rising demand for cryogenic storage solutions across various industries.
The Japan Cryogenic Tanks market is experiencing growth due to increasing demand from industries such as healthcare, electronics, and energy for applications like storage and transportation of liquefied gases. The market is witnessing a trend towards the adoption of advanced materials and technologies to improve the efficiency and safety of cryogenic tanks. Opportunities for market growth lie in the development of innovative storage solutions for emerging industries like biotechnology and aerospace, as well as the increasing focus on sustainability and environmental regulations driving the demand for eco-friendly cryogenic tanks. Collaborations between key players to develop customized solutions and strategic expansions into untapped regions within Japan are also expected to drive market growth in the coming years.
In the Japan Cryogenic Tanks Market, some key challenges include high initial investment costs associated with the procurement and installation of cryogenic tanks, as well as the need for continuous maintenance and monitoring to ensure safe and efficient operation. Additionally, strict regulatory requirements and safety standards in Japan further contribute to the complexity of operating in this market. Competition from alternative storage technologies, such as compressed gas storage systems, also poses a challenge for cryogenic tank manufacturers and suppliers. Moreover, the limited availability of skilled professionals with expertise in handling cryogenic equipment can hinder market growth. Overall, navigating these challenges requires innovative solutions, strategic partnerships, and a deep understanding of the evolving market dynamics in Japan`s cryogenic tanks sector.
The Japan Cryogenic Tanks Market is being primarily driven by the increasing demand for liquefied natural gas (LNG) as an alternative energy source, driven by the country`s efforts to reduce reliance on nuclear power post-Fukushima. Additionally, the growing demand for cryogenic tanks in various industries such as healthcare, electronics, and food & beverage for applications like storage and transportation of liquid gases, is fueling market growth. Technological advancements in cryogenic tank design and materials, leading to improved efficiency and safety, are also significant drivers. Furthermore, government initiatives promoting the adoption of clean energy sources and the expansion of industrial infrastructure are expected to further boost the demand for cryogenic tanks in Japan.
The government policies related to the Japan Cryogenic Tanks Market are primarily focused on safety regulations, environmental protection, and promoting technological advancements. The Japanese government has stringent safety standards in place to ensure the proper handling and storage of cryogenic tanks, particularly in industries such as healthcare, energy, and manufacturing. Additionally, there is a strong emphasis on reducing greenhouse gas emissions and promoting the use of sustainable energy sources, which has led to incentives for companies to invest in more energy-efficient cryogenic tank technologies. The government also supports research and development initiatives to drive innovation in the cryogenic tank industry, with a focus on increasing efficiency and reducing environmental impact. Overall, government policies in Japan aim to create a competitive and sustainable market for cryogenic tanks while prioritizing safety and environmental concerns.
The Japan Cryogenic Tanks Market is expected to witness steady growth in the coming years, driven by the increasing demand for cryogenic tanks across various industries such as healthcare, electronics, and energy. The market is likely to benefit from advancements in technology leading to the development of more efficient and durable cryogenic tanks. Additionally, the growing adoption of cryogenic tanks for applications like storage and transportation of liquefied gases, especially in the healthcare sector for medical gases and in the energy sector for LNG, is projected to fuel market growth. The increasing focus on sustainability and the shift towards clean energy sources are also expected to create opportunities for the Japan Cryogenic Tanks Market. Overall, the market is anticipated to expand as industries continue to invest in cryogenic storage solutions for various applications.
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 Japan Cryogenic Tanks Market Overview |
3.1 Japan Country Macro Economic Indicators |
3.2 Japan Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Japan Cryogenic Tanks Market - Industry Life Cycle |
3.4 Japan Cryogenic Tanks Market - Porter's Five Forces |
3.5 Japan Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Japan Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Japan Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Japan Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Japan Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for liquefied natural gas (LNG) as an alternative fuel source |
4.2.2 Growth in the healthcare sector, driving the need for cryogenic storage of biological samples and medical gases |
4.2.3 Technological advancements in cryogenic tank design and materials |
4.3 Market Restraints |
4.3.1 High initial investment cost for cryogenic tanks |
4.3.2 Stringent regulations and safety standards governing the handling and storage of cryogenic materials |
5 Japan Cryogenic Tanks Market Trends |
6 Japan Cryogenic Tanks Market, By Types |
6.1 Japan Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Japan Cryogenic Tanks Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Japan Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.4 Japan Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.5 Japan Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Japan Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Japan Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Japan Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Japan Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Japan Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Japan Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Japan Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Japan Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Japan Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Japan Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Japan Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Japan Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Japan Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Japan Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Japan Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Japan Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Japan Cryogenic Tanks Market Export to Major Countries |
7.2 Japan Cryogenic Tanks Market Imports from Major Countries |
8 Japan Cryogenic Tanks Market Key Performance Indicators |
8.1 Average capacity utilization rate of cryogenic tanks |
8.2 Number of new product developments and innovations in cryogenic tank technology |
8.3 Growth rate of industries utilizing cryogenic tanks, such as healthcare, energy, and food preservation |
9 Japan Cryogenic Tanks Market - Opportunity Assessment |
9.1 Japan Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Japan Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Japan Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Japan Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Japan Cryogenic Tanks Market - Competitive Landscape |
10.1 Japan Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Japan Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |