Compressed Natural Gas Tanks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Compressed Natural Gas Tanks Market covers analysis By Raw Material (Metal, Glass Fiber, Carbon Fiber); Vehicle Type (Light Duty, Medium Duty, Heavy Duty) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00029586
  • Category : Energy and Power
  • No. of Pages : 150

Compressed Natural Gas Tanks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
Compressed Natural Gas (CNG), is utilized as a substitute for gasoline by the transportation fleet, is stored in CNG tanks. CNG is kept at room temperature in tanks made of various materials and is used as a fuel in cars known as CNG vehicles. Because it is lighter than gasoline and emits less pollution, CNG combustion is encouraged by the government to combat pollution that is on the rise. It also improves how a vehicle operates in dense urban traffic.

MARKET SCOPE
The "Global Compressed Natural Gas Tanks Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the compressed natural gas tanks market with detailed market segmentation by raw material, vehicle type, and geography. The report provides key statistics on the market status of the leading compressed natural gas tanks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on raw material, the market is segmented into metal, glass fiber, and carbon fiber.
  •  Based on vehicle type, the market is segmented into light duty, medium duty, and heavy duty


MARKET DYNAMICS

Drivers:
    -
  •  Increasing oil prices is driving the growth of the growth of the compressed natural gas tanks market.
Restraints:
    -
  •  High cost of installation may hinder the growth of the compressed natural gas tanks market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The compressed natural gas tanks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the compressed natural gas tanks market in these regions.

IMPACT OF COVID-19 ON COMPRESSED NATURAL GAS TANKS MARKET
COVID-19 has severely affected the growth of the compressed natural gas tanks market. At the global level, disruptions in the supply of raw materials due to COVID 19 affected the compressed natural gas tanks market. However, the compressed natural gas tanks market is expected to grow in the forecast period.

Compressed Natural Gas Tanks Market Report Analysis

Compressed Natural Gas Tanks Market
  • CAGR
    CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • AVANCO GmbH
  • Beijing Tianhai Industry co Ltd
  • FABER INDUSTRIE SPA
  • Hexagon Composites ASA
  • Lianyungang Zhongfu Lianzhong Composites Group Co Ltd
  • Luxfer Holdings PLC
  • Praxair Technology Inc
  • Quantum Fuel Systems LLC
  • ULLIT

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market Segment By Raw Material
  • Metal
  • Glass Fiber
  • Carbon Fiber
Market Segment By Vehicle Type
  • Light Duty
  • Medium Duty
  • Heavy Duty
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

The report covers key developments in the compressed natural gas tanks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the compressed natural gas tanks market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the compressed natural gas tanks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •  AVANCO GmbH
  •  Beijing Tianhai Industry co.,Ltd.
  •  FABER INDUSTRIE SPA
  •  Hexagon Composites ASA
  •  Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
  •  Luxfer Holdings PLC
  •  Praxair Technology, Inc.
  •  Quantum Fuel Systems LLC.
  •  ULLIT
  •  Worthington Industries, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Compressed Natural Gas Tanks Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Raw Material
  • Metal
  • Glass Fiber
  • Carbon Fiber
By Vehicle Type
  • Light Duty
  • Medium Duty
  • Heavy Duty
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AVANCO GmbH
  • Beijing Tianhai Industry co Ltd
  • FABER INDUSTRIE SPA
  • Hexagon Composites ASA
  • Lianyungang Zhongfu Lianzhong Composites Group Co Ltd
  • Luxfer Holdings PLC
  • Praxair Technology Inc
  • Quantum Fuel Systems LLC
  • ULLIT
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

This text is related
to segments covered.

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

This text is related
to country scope.

The List of Companies

1.AVANCO GmbH
2.Beijing Tianhai Industry co.,Ltd.
3.FABER INDUSTRIE SPA
4.Hexagon Composites ASA
5.Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
6.Luxfer Holdings PLC
7.Praxair Technology, Inc.
8.Quantum Fuel Systems LLC.
9.ULLIT
10.Worthington Industries, Inc.

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