| Product Code: ETC5697676 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Sweden`s import shipments of cryogenic tanks in 2024 were primarily sourced from Austria, Poland, Norway (excluding Svalbard and Jan Mayen), Germany, and China. The market displayed a shift from moderate to low concentration, indicating increased diversity among suppliers. With a negative compound annual growth rate of -11.31% from 2020 to 2024 and a growth rate of -16.6% from 2023 to 2024, the sector experienced challenges. It will be interesting to monitor how these trends continue to evolve and impact the cryogenic tanks market in Sweden.
The cryogenic tanks market in Sweden is gaining traction due to the increasing demand for safe and efficient storage solutions for cryogenic liquids. These tanks are essential for industries such as healthcare, energy, and aerospace, where the storage of liquefied gases is critical for operations. The market is characterized by innovations in tank design and construction, enhancing safety and performance. As the demand for liquefied natural gas (LNG) and other cryogenic materials continues to rise, the cryogenic tanks market is poised for significant growth. Regulatory standards and advancements in technology are also contributing to the market evolution.
The cryogenic tanks market in Sweden is driven by the growing demand for liquefied gases, including LNG and industrial gases, which require specialized storage solutions. As industries increasingly shift toward using cleaner fuels, the need for effective storage and transportation systems for cryogenic liquids has risen significantly. Technological advancements in tank design and materials, improving safety and efficiency, also play a vital role in market growth. Moreover, the expanding applications of cryogenic tanks in sectors such as healthcare and aerospace further support the increasing demand.
The cryogenic tanks market in Sweden is challenged by the high cost of manufacturing and maintaining cryogenic tanks, which are used to store and transport liquefied gases at extremely low temperatures. Safety concerns are another challenge, as handling cryogenic gases involves significant risks, including explosions and gas leaks. Strict regulations related to the design, construction, and operation of cryogenic tanks further complicate market growth. Additionally, fluctuations in demand for liquefied natural gas and other industrial gases influence market stability.
In Sweden, policies related to renewable energy and the transition towards a low-carbon economy significantly influence the cryogenic tanks market. The government initiatives to support LNG as a cleaner fuel alternative encourage the use of cryogenic tanks for storage and transportation. Compliance with European standards such as the Pressure Equipment Directive (PED) is mandatory for manufacturers, ensuring the safety and efficiency of cryogenic tanks used in various industries, including energy and industrial gases. These regulations shape the market dynamics by setting high-quality standards for cryogenic equipment.
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 Sweden Cryogenic Tanks Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Cryogenic Tanks Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Cryogenic Tanks Market - Industry Life Cycle |
3.4 Sweden Cryogenic Tanks Market - Porter's Five Forces |
3.5 Sweden Cryogenic Tanks Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Sweden Cryogenic Tanks Market Revenues & Volume Share, By Cryogenic Liquid, 2021 & 2031F |
3.7 Sweden Cryogenic Tanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Sweden Cryogenic Tanks Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Sweden Cryogenic Tanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for liquefied natural gas (LNG) as an alternative fuel source |
4.2.2 Increasing focus on renewable energy sources such as hydrogen |
4.2.3 Technological advancements in cryogenic tank design and materials |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of cryogenic tanks |
4.3.2 Regulatory challenges related to safety and environmental concerns |
5 Sweden Cryogenic Tanks Market Trends |
6 Sweden Cryogenic Tanks Market Segmentations |
6.1 Sweden Cryogenic Tanks Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Sweden Cryogenic Tanks Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Sweden Cryogenic Tanks Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.4 Sweden Cryogenic Tanks Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
6.2 Sweden Cryogenic Tanks Market, By Cryogenic Liquid |
6.2.1 Overview and Analysis |
6.2.2 Sweden Cryogenic Tanks Market Revenues & Volume, By Liquid Nitrogen, 2021-2031F |
6.2.3 Sweden Cryogenic Tanks Market Revenues & Volume, By Liquefied Natural Gas (LNG), 2021-2031F |
6.2.4 Sweden Cryogenic Tanks Market Revenues & Volume, By Liquid Hydrogen, 2021-2031F |
6.2.5 Sweden Cryogenic Tanks Market Revenues & Volume, By Liquid Oxygen, 2021-2031F |
6.3 Sweden Cryogenic Tanks Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sweden Cryogenic Tanks Market Revenues & Volume, By Storage, 2021-2031F |
6.3.3 Sweden Cryogenic Tanks Market Revenues & Volume, By Transportation, 2021-2031F |
6.4 Sweden Cryogenic Tanks Market, By End Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Sweden Cryogenic Tanks Market Revenues & Volume, By Metal Processing, 2021-2031F |
6.4.3 Sweden Cryogenic Tanks Market Revenues & Volume, By Energy Generation, 2021-2031F |
6.4.4 Sweden Cryogenic Tanks Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Sweden Cryogenic Tanks Market Revenues & Volume, By Medical Technology, 2021-2031F |
6.4.6 Sweden Cryogenic Tanks Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.7 Sweden Cryogenic Tanks Market Revenues & Volume, By Water Treatment, 2021-2031F |
7 Sweden Cryogenic Tanks Market Import-Export Trade Statistics |
7.1 Sweden Cryogenic Tanks Market Export to Major Countries |
7.2 Sweden Cryogenic Tanks Market Imports from Major Countries |
8 Sweden Cryogenic Tanks Market Key Performance Indicators |
8.1 Average utilization rate of cryogenic tanks in Sweden |
8.2 Number of new infrastructure projects utilizing cryogenic tanks |
8.3 Percentage of energy consumption from LNG and hydrogen sources in Sweden |
9 Sweden Cryogenic Tanks Market - Opportunity Assessment |
9.1 Sweden Cryogenic Tanks Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Sweden Cryogenic Tanks Market Opportunity Assessment, By Cryogenic Liquid, 2021 & 2031F |
9.3 Sweden Cryogenic Tanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Sweden Cryogenic Tanks Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Sweden Cryogenic Tanks Market - Competitive Landscape |
10.1 Sweden Cryogenic Tanks Market Revenue Share, By Companies, 2024 |
10.2 Sweden Cryogenic Tanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |