Global LN2 Storage Dewars Market Size By Product, By Application, By Geographic Scope And Forecast
LN2 Storage Dewars Market Size And Forecast
LN2 Storage Dewars Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027
Global LN2 Storage Dewars Market Overview
The food & beverage, metal & fabrication, and electronics companies require storage dewars to store industrial gases such as carbon dioxide, liquid nitrogen, and others in their premises for application in their manufacturing facilities. Owing to the use of storage dewars in these industries the growth of LN2 storage dewars market will continue to increase. The demand for consumer electronics across the worldwide in increasing and cryogenic liquid gases such as liquid nitrogen is used in large quantities for the manufacturing and testing of semiconductors as liquid nitrogen reduces and eliminates heat generated from manufacturing processes. Owing to increasing demand for liquid nitrogen from these industries the demand for LN2 storage dewars will continue to increase. Furthermore, the usage of liquid nitrogen for the transportation of fruit juices and frozen foods over the long-distance is also identified as the key driver for the growth of the LN2 storage dewars market. Moreover, the use of liquid nitrogen as a coolant and refrigerant in various applications such as metal fabrication, health care, rubber & plastic, construction, and pharmaceutical is increasing which is further driving the demand for LN2 storage dewars.
Global LN2 Storage Dewars Market: Segmentation Analysis
Global LN2 Storage Dewars Market is segmented based on Product, Applications, And Geography.
Key Players in LN2 Storage Dewars Market
- Thermo Fisher
- Worthington Industries
- International Cryogenics
- Chart Industries
- Air Products and Chemicals
- Ted Pella, Inc.
- Marathon Products, Inc.
- BOConline Ireland
- Edwards Group
- Oxford Instruments
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