McDermott and Air Water Recognized as the Market Leader, Cryolor and Vijay Tanks & Vessels as Emerging Companies in the “Top 15 LNG Storage Tank Companies, Worldwide 2024, Worldwide 2024” by MarketsandMarkets 360 Quadrant
The liquefied natural gas (LNG) industry has seen exponential growth in recent years, driven by the rising demand for cleaner energy sources. LNG storage tanks play a pivotal role as key infrastructure enabling the effective containment and transportation of LNG. MarketsandMarkets 360 Quadrant has identified the “ Top 15 LNG Storage Tank Companies , Worldwide 2024,” recognizing the most influential players such as McDermott, Air Water, Cryolor, and Vijay Tanks & Vessels, that are propelling this space forward. The 360 Quadrant maps the LNG Storage Tank companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the LNG Storage Tank's quadrant. While the top criteria for product footprint evaluation included Type (Self-supporting Tanks, Non-self-supporting Tanks), Material (Steel, 9% Nickel Steel, Aluminum Alloy, and Others), and Terminal (Offshore, Onshore). McDermott, Ai...