Global natural gas exploration and production are increasing. Although the rate of growth has slowed over the past few years, the U.S.'s expanding shale gas exploration is transforming the natural gas industry. Compressed natural gas (CNG) is becoming a viable alternative for the automotive industry due to the rising cost of gasoline and diesel fuel, the declining cost of natural gas, growing environmental concern, and growing demand in Asia-Pacific. As a result, the market for CNG tanks is being driven by the rising demand for CNG. Around 21 million natural gas vehicles (NGVs) were in use worldwide in 2013. Between 2015 and 2020, this is projected to increase at a CAGR of about 9%. It is becoming more advantageous for owners of long-haul vehicles to switch to CNG from
Recent technological advancements have led to the creation of various types of CNG tanks and cylinders, including Type 1, Type 2, Type 3, and Type 4. Metals, glass fibre, and carbon fibre are just a few of the materials used to make CNG tanks and cylinders. The primary obstacles in the market for CNG tanks are the scarcity of refuelling infrastructure, the rising cost of raw materials, and the high cost of composite tanks. To maintain their competitive position in the market, companies must regularly conduct product research and development.
The research report provides a comprehensive analysis of the state of the market today and its outlook through 2029. The study may be the ideal blend of qualitative and quantitative data, highlighting significant market developments, challenges, industry competition analysis, and new opportunities available and trends within the Compressed Natural Gas (CNG) Cylinders Market. This report also provides market size, recent trends, growth, share, development status, market dynamics, cost structure, and competitive landscape for compressed natural gas (CNG) cylinders. The research report also discusses the current market and its potential for growth during the forecasted time frame. Professionals in the field have conducted a thorough analysis of the global Compressed Natural Gas (CNG) Cylinders market report, which has been meticulously presented to highlight only the most crucial information.
Based on the Compressed Natural Gas (Cng) Tanks market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
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Key players in the global Compressed Natural Gas (Cng) Tanks market
Avanco Group
Faber Industrie
Ullit
Beijing Tianhai Industry
Praxair
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Quantum Technologies
Lianyungang Zhongfu Lianzhong Composites Group
Hexagon Composites
on the basis of types, the Compressed Natural Gas (Cng) Tanks market
Metal CNG Tanks
Glass Fiber CNG Tanks
Carbon Fiber CNG Tanks
on the basis of applications, the Compressed Natural Gas (Cng) Tanks market
Light Duty Vehicles
Medium Duty Vehicles
Heavy Duty Vehicles
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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