QYR made the prediction that the value of Milk Tank markets will be 521.60 M USD by 2022

QYR made the prediction that the value of Milk Tank markets will be 521.60 M USD by 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch • Dairy farms rely on highly efficient cooling of the milk to keep the milk at a consistent temperature of about the appropriate temperature required in the milk tanks until the milk is collected for further processing. • In dairy farming a bulk milk cooling tank is a large storage tank for cooling and holding milk at a cold temperature until it can be picked up by a milk hauler. The bulk milk cooling tank is an important piece of dairy farm equipment. It is usually made of stainless steel and used every day to store the raw milk on the farm in good condition.

It must be cleaned after each milk collection.

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QYResearch • According to our research, the global Milk Tank markets has a total value of 1033.75 M USD back in 2012, and will decrease to 560.96 M USD in 2017. Based on QYR market survey and our long-term tracking the market, QYR made the prediction that the value of Milk Tank markets will be 521.60 M USD by 2022, growing at a CAGR of -1.44% from 2017 to 2022.

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In terms of volume, the Horizontal Closed Tank segment accounts bigger market share than Silo/ Vertical Closed Tank and Open Tank segment, in 2012 Horizontal Closed Tank segment accounted for about 69.82% and about 64.92% in 2017. In terms of Value, in 2012 Silo/ Vertical Closed Tank accounted for about 17.34% share and in 2017 Silo/ Vertical Closed Tank will account for about 32.61% share, which indicate the Silo/ Vertical Closed Tank is becoming more popular.

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• In terms of Price, the price of Silo/ Vertical Closed Tank is more expensive than other two types. In 2012, the price of Silo/ Vertical Closed Tank is 5892 USD/m³ , and will be 5335 USD/m³ in 2017.

• In terms of applications, milk farm application is bigger than Milk Processing Plant application, in 2012 milk farm application occupied about 72.48% share and in 2017 residential will occupy about 77.06% share.

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The demand of Milk Tank is related to the development of downstream dairy market. APAC is one of the most significant emerging markets as China Opens Second Child Policy would certainly drive further increasing of dairy industry in China, which would also has a positive effect on milk tank industry.

Click to view the full report: https://www.qyresearch.com/index/detail/118570/global -milk-tank-sales-market

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