LNG Storage Tank Market Size and Share Analysis
The LNG storage tank market is estimated to increase from US$15.6 Bn in 2024 to US$25.2 Bn by 2031. The market is projected to record a CAGR of 7.1% during the forecast period from 2024 to 2031. The rising deployment of floating storage and regasification units is set to boost the demand for LNG storage tanks. A growing opportunity for market participants lies in the integration of LNG storage with renewable energy and hybrid systems.