India cryogenic tanker market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027. High demand from metal processing industries is catering to high demand of cryogenic tankers in the region. Metal processing industries require the use of liquid nitrogen for various applications. Cryogenic tankers store the liquid gases in most effective and secure way which is considered the major driver for this market growth for the forecast period. High demand for industrial gases from various industries comprising of food and beverage industry, metal-processing, electronics, healthcare, and other prominent industries is accelerating the demand for cryogenic tankers in India. Surge in demand for electronic gadgets due to high penetration of internet services and proliferation of smart devices coupled with disposable income is paving the way for the cryogenic tanker market growth. Consumer preference shift for online shopping, online boking of tickets, watching live streams and online gaming is aiding to surge the demand for electronic devices in the country. Cryogenic tankers store liquid nitrogen which is used by electronics industry majorly for manufacturing and testing process. Liquid nitrogen is used to reduce the heat form the manufacturing process and provide an inert environment while fabrication process to prevent the formation of oxides as an end-products in such industries.

India cryogenic tanker market is segmented into product type, application, liquefied gas, end user, regional distribution, and company. Based on application, market is further bifurcated into storage and transportation. Storage segment is expected to account for major market share for the forecast period owing to increase in on-site storage facilities for industrial gases for various applications. Investments by cryogenic tanker manufacturing companies to increase the efficiency and performance of tankers is expected to fuel the demand in the forecast period.

The major players operating in the India cryogenic tanker market are INOX India Pvt. Ltd., Super Cryogenic Systems Private Limited, Shell-n-Tube Pvt Ltd, Cryogenic Liquide Pvt Ltd., Cryolor Asia Pacific Pvt Ltd, Krison Engineering Works, Cryogas Equipment Private Limited, Temasme Veselex India Pvt Ltd, Vijay Tanks & Vessels Pvt. Ltd, SicgilSol India Private Limited, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

  • To analyze the historical growth of the market size of India cryogenic tanker market from FY2017 to FY2020.
  • To estimate and forecast the market size of India cryogenic tanker market from FY2021 to FY2027 and growth rate until FY2027.
  • To classify and forecast India cryogenic tanker market based on product type, application, liquefied gas, end user, regional distribution, and company.
  • To identify dominant region or segment in the India cryogenic tanker market
  • To identify drivers and challenges for India cryogenic tanker market
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India cryogenic tanker market.
  • To identify and analyze the profile of leading players operating in India cryogenic tanker market.
  • To identify key sustainable strategies adopted by market players in India cryogenic tanker market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of India cryogenic tanker market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Cryogenic Tanker manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to cryogenic tanker market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India cryogenic tanker market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Cryogenic Tanker Market, By Product Type:

    • Stationary Type
    • Trailer Type
  • India Cryogenic Tanker Market, By Application:
    • Storage
    • Transportation
  • India Cryogenic Tanker Market, By Liquefied Gas:
    • Nitrogen
    • Oxygen
    • Others
  • India Cryogenic Tanker Market, By End User:
    • Healthcare
    • Food & Beverage
    • Petrochemical
    • Others
  • India Cryogenic Tanker Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India cryogenic tanker market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
India cryogenic tanker market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Cryogenic Tanker Market

4.    Executive Summary

5.    Voice of Customer

6.    India Cryogenic Tanker Market Outlook, FY2017-FY2027F

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Stationary Type, Trailer Type)

6.2.2.     By Application (Storage, Transportation)

6.2.3.     By Liquefied Gas (Nitrogen, Oxygen, Others)

6.2.4.     By End User (Healthcare, Food & Beverage, Petrochemical, Others)

6.2.5.     By Company (FY2021)

6.2.6.     By Region (North, East, West, South)

6.3.  Product Market Map

7.    North India Cryogenic Tanker Market Outlook, FY2017-FY2027F

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Application

7.2.3.     By Liquefied Gas

7.2.4.     By End User

8.    East India Cryogenic Tanker Outlook, FY2017-FY2027F

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Application

8.2.3.     By Liquefied Gas

8.2.4.     By End User

9.    South India Cryogenic Tanker Outlook, FY2017-FY2027F

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By Application

9.2.3.     By Liquefied Gas

9.2.4.     By End User

10.  West India Cryogenic Tanker Outlook, FY2017-FY2027F

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By Application

10.2.3.  By Liquefied Gas

10.2.4.  By End User

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Supply Chain Analysis

14.  Policy & Regulatory Landscape

15.  India Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Leading Companies)

16.2.1.  INOX India Pvt. Ltd.

16.2.1.1.      Company Details

16.2.1.2.      Services & End Users

16.2.1.3.      Financials (As Reported)

16.2.1.4.      Current & Future Strategy

16.2.1.5.      Key Management Personnel

16.2.1.6.      Contact Details

16.2.2.  Super Cryogenic Systems Private Limited

16.2.3.  Shell-n-Tube Pvt Ltd

16.2.4.  Cryogenic Liquide Pvt Ltd.

16.2.5.  Cryolor Asia Pacific Pvt Ltd

16.2.6.  Krison Engineering Works

16.2.7.  Cryogas Equipment Private Limited

16.2.8.  Temasme Veselex India Pvt Ltd

16.2.9.  Vijay Tanks & Vessels Pvt. Ltd

16.2.10.                SicgilSol India Private Limited

17.  Strategic Recommendations

18. About Us & Disclaimer