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- 264 Market data Tables
- 49 Figures
- 235 Pages and in-depth TOC on “CNG, RNG, and Hydrogen Tanks Market – Global Forecast to 2027″
This report also provides a comprehensive analysis of the companies listed below:
Worthington Industries, Inc. (US), Luxfer Group (UK), Hexagon Composites ASA (Norway), Quantum Fuel Systems LLC. (US), Everest Kanto Cylinders Ltd. (Mumbai), Praxair Technologies Inc. (US), Avanco Group (Germany), Xinyi Beijing Tianhai Industry Co. Ltd. (China), Lianyungang Zhongfu Lianzhong
Fuel tank application dominates the market in the global CNG, RNG, and hydrogen tanks market during the forecast period in terms of value and volume.
The fuel tank applications of CNG, RNG, and hydrogen tanks dominate the overall market. The increasing demand for low maintenance and clean fuel is driving the growth of CNG, RNG, and hydrogen tanks in the automotive industry. Although, the transportation tank application is expected to register the higher growth during the forecast period due to the increasing number of CNG, RNG, and hydrogen-powered vehicles and their refueling stations globally, need for transportation of CNG, RNG and Hydrogen is expected to grow and hence will directly impact the transportation tanks market.
APAC is expected to account for the largest market share in the CNG, RNG, and hydrogen tanks market during the forecast period.
There is a high demand for CNG tanks in countries such as China, India, Pakistan, and Thailand due to well-developed CNG infrastructure and increased adoption of CNG vehicles. If compared with hydrogen and RNG, the CNG tank manufacturing technology and CNG infrastructure is well developed in the Asia Pacific countries. Although countries such as Japan and South Korea are more focused on developing market for hydrogen powered vehicles. The government of these countries have adopted a road map to build themselves as hydrogen economy, which are expected to drive the hydrogen tank market.
