| Product Code: ETC5697601 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The cryogenic tanks market in Ethiopia is growing as the country invests in infrastructure for storing and transporting liquefied gases. Cryogenic tanks are used to store gases such as oxygen, nitrogen, and LNG at low temperatures. With the increasing focus on energy and industrial development, Ethiopia`s demand for cryogenic tanks is expected to rise, particularly in the oil, gas, and healthcare sectors.
The cryogenic tanks market is growing due to the increasing demand for liquid gases in industrial applications, healthcare, and energy sectors. Investments in infrastructure and energy projects are key drivers.
The Ethiopia Cryogenic Tanks Market faces challenges such as the high cost of importing cryogenic tanks due to limited local manufacturing capabilities. This makes cryogenic tanks less affordable for industries involved in gas storage and transportation. There is also a lack of a well-developed regulatory framework for the installation and maintenance of cryogenic tanks, which poses safety risks. The absence of local technical expertise and infrastructure for the installation and operation of cryogenic tanks also hampers market growth.
The Ethiopian government is working to support the cryogenic tanks market, which is essential for storing liquefied gases like oxygen, nitrogen, and argon. Government policies aim to promote local production of cryogenic tanks, reduce reliance on imports, and ensure the safety and efficiency of storage solutions. The government is also focused on improving regulations to align with international standards in cryogenic tank manufacturing.
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 Ethiopia Cryogenic Tanks Market Overview |
3.1 Ethiopia Country Macro Economic Indicators |
3.2 Ethiopia Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Ethiopia Cryogenic Tanks Market - Industry Life Cycle |
3.4 Ethiopia Cryogenic Tanks Market - Porter's Five Forces |
3.5 Ethiopia Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Ethiopia Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Ethiopia Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Ethiopia Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Ethiopia Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic tanks in industries such as healthcare, food and beverage, and metal processing |
4.2.2 Growing investments in infrastructure development in Ethiopia |
4.2.3 Rising adoption of LNG as a cleaner fuel alternative |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with cryogenic tanks |
4.3.2 Lack of skilled workforce for handling and maintenance of cryogenic tanks |
4.3.3 Stringent regulations and safety standards governing the usage of cryogenic tanks |
5 Ethiopia Cryogenic Tanks Market Trends |
6 Ethiopia Cryogenic Tanks Market Segmentations |
6.1 Ethiopia Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.4 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Ethiopia Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Ethiopia Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Ethiopia Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Ethiopia Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Ethiopia Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Ethiopia Cryogenic Tanks Market Export to Major Countries |
7.2 Ethiopia Cryogenic Tanks Market Imports from Major Countries |
8 Ethiopia Cryogenic Tanks Market Key Performance Indicators |
8.1 Average utilization rate of cryogenic tanks in key industries |
8.2 Number of infrastructure projects utilizing cryogenic tanks |
8.3 Rate of adoption of LNG as a fuel source in Ethiopia |
9 Ethiopia Cryogenic Tanks Market - Opportunity Assessment |
9.1 Ethiopia Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Ethiopia Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Ethiopia Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Ethiopia Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Ethiopia Cryogenic Tanks Market - Competitive Landscape |
10.1 Ethiopia Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Ethiopia Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |