| Product Code: ETC5697631 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives saw a shift in cryogenic tanks import sources in 2024, with Japan, China, Thailand, Singapore, and the UK emerging as top exporters. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), decreased from high to moderate in 2024, indicating a more diversified import market. Despite a challenging compound annual growth rate (CAGR) of -11.36% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024, showing signs of stabilization in the cryogenic tanks import sector in the Maldives.

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 Maldives Cryogenic Tanks Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Cryogenic Tanks Market - Industry Life Cycle |
3.4 Maldives Cryogenic Tanks Market - Porter's Five Forces |
3.5 Maldives Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Maldives Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Maldives Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Maldives Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Maldives Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic tanks in the Maldives due to growing applications in industries such as healthcare, food processing, and electronics. |
4.2.2 Government initiatives to promote the use of clean energy sources, leading to a rise in demand for cryogenic tanks for storage and transportation of liquefied gases. |
4.2.3 Technological advancements in cryogenic tank design and materials, enhancing efficiency, safety, and durability. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing and installing cryogenic tanks, limiting adoption among small and medium enterprises. |
4.3.2 Lack of skilled workforce for handling and maintaining cryogenic tanks, leading to operational challenges and safety concerns. |
5 Maldives Cryogenic Tanks Market Trends |
6 Maldives Cryogenic Tanks Market Segmentations |
6.1 Maldives Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Maldives Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Maldives Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.4 Maldives Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Maldives Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Maldives Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Maldives Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Maldives Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Maldives Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Maldives Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Maldives Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Maldives Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Maldives Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Maldives Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Maldives Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Maldives Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Maldives Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Maldives Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Maldives Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Maldives Cryogenic Tanks Market Export to Major Countries |
7.2 Maldives Cryogenic Tanks Market Imports from Major Countries |
8 Maldives Cryogenic Tanks Market Key Performance Indicators |
8.1 Average utilization rate of existing cryogenic tanks in the Maldives. |
8.2 Number of new installations and expansions of cryogenic tank facilities in key industries. |
8.3 Frequency of maintenance and servicing of cryogenic tanks to ensure operational efficiency and safety. |
9 Maldives Cryogenic Tanks Market - Opportunity Assessment |
9.1 Maldives Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Maldives Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Maldives Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Maldives Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Maldives Cryogenic Tanks Market - Competitive Landscape |
10.1 Maldives Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Maldives Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |