North America Liquid Carbon Dioxide Storage Tanks Market by Type, by End-User, by Applications, by Deployment & by Technology 2032
North America Liquid Carbon Dioxide Storage Tanks Market was valued at USD 200 Million in 2022 and is projected to reach USD 400 Million by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
In the rapidly evolving industrial landscape of North America, the demand for efficient and reliable liquid carbon dioxide (CO₂) storage solutions has surged. Industries such as food and beverage, oil and gas, metal fabrication, and healthcare are at the forefront of this demand, each with specific requirements for CO₂ storage tanks.
Food and Beverage Industry
In this sector, liquid CO₂ plays a pivotal role in carbonation processes, refrigeration, and preservation. The industry necessitates storage tanks that maintain high purity levels to ensure product quality. Additionally, these tanks must adhere to stringent food-grade standards and be equipped with precise temperature and pressure controls to prevent contamination and ensure safety.
Oil and Gas Sector
The oil and gas industry utilizes liquid CO₂ for enhanced oil recovery (EOR) techniques, injecting CO₂ into reservoirs to increase extraction efficiency. This application demands storage tanks capable of withstanding high pressures and constructed from materials resistant to corrosion. The tanks must also be designed for seamless integration with transportation infrastructure, facilitating the movement of CO₂ to injection sites.
Metal Fabrication
Liquid CO₂ is employed as a shielding gas in welding processes within the metal fabrication industry. The storage tanks for this application must ensure a consistent supply of CO₂ with minimal impurities to maintain weld integrity. Features such as pressure regulators and flow control mechanisms are essential to meet the precise requirements of various welding techniques.
Healthcare Sector
In medical applications, liquid CO₂ is used for cryotherapy and in the preservation of biological samples. The healthcare industry requires storage tanks that offer ultra-low temperature capabilities and are compliant with medical-grade standards. Ensuring the sterility and reliability of CO₂ supply is paramount to patient safety and the efficacy of medical procedures.
As the North American market continues to expand, driven by technological advancements and environmental initiatives, the need for specialized liquid CO₂ storage solutions becomes increasingly critical. Manufacturers are focusing on innovation, adhering to industry-specific standards, and customizing storage solutions to meet the diverse requirements of these sectors. The North America Liquid Carbon Dioxide Storage Tanks Market is poised for significant growth, reflecting the essential role of CO₂ across various industries.
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Who are the largest North America manufacturers in the Liquid Carbon Dioxide Storage Tanks industry?
- Universal Boschi
- Cryofab
- Linde Engineering
- Chart Industries
- Universal Air Gases
- Inc
- Taylor-worton
- Cryofab
- Wessington Cryogenics
- FIBA Technologies
- BNH Gas Tanks
- Universal Boschi
- LUXI NEW ENERGY EQUIPMENT GROUP
- ERGIL
- ING. L. & A. Boschi Italy
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Liquid Carbon Dioxide Storage Tanks Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Liquid Carbon Dioxide Storage Tanks Market
- Energy and Power
- Chemicals
- Metallurgy
- Other
What are the types of Liquid Carbon Dioxide Storage Tanks available in the Market?
Based on Types the Market is categorized into Below types that held the largest Liquid Carbon Dioxide Storage Tanks market share In 2023.
- Stationary Storage Tanks
- Mobile Storage Tanks
Which regions are leading the North America Liquid Carbon Dioxide Storage Tanks Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Liquid Carbon Dioxide Storage Tanks Market Research Report, 2024-2032
1. Introduction of the North America Liquid Carbon Dioxide Storage Tanks Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Liquid Carbon Dioxide Storage Tanks Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Liquid Carbon Dioxide Storage Tanks Market, By Type
6. North America Liquid Carbon Dioxide Storage Tanks Market, By Application
7. North America Liquid Carbon Dioxide Storage Tanks Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Liquid Carbon Dioxide Storage Tanks Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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