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- 280 Market data Tables
- 55 Figures
- 256 Pages and in-depth TOC on “CNG, RNG, and Hydrogen Tanks Market – Global Forecast to 2030”
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
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the CNG, RNG, and Hydrogen Tanks Market.
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Recent Developments in CNG, RNG, and Hydrogen Tanks Market
- In May 2023, Luxfer Group has manufactured a new type 4 cylinder. The G-Stor Go H2 features a proven boss-to-liner interface that results in minimal permeation and is a certified, cost-effective hydrogen storage solution ideal for fuel cell transit buses, heavy-duty trucks, vans, bulk gas transport, boats, and trains.
- In January 2023, Hexagon purus opens a new hydrogen cylinder manufacturing facility in westminster, maryland, usa, with the annual production of up to 10,000 cylinders for heavy-duty vehicle applications and will employ up to 150 skilled workers. The new facility expands cylinder production capabilities and capacity and allows for further expansion by adding additional production equipment as demand for hydrogen storage cylinders continues to grow.
- In February 2021, Worthington industries manufactured Thermaguard hydrogen cylinders. ThermaGuard™ hydrogen cylinders are optimized to meet the unique needs of hydrogen fuel. Meticulously developed using Worthington’s aerospace-grade standards, ThermaGuard hydrogen cylinders are proven more efficient means of transporting and storing high-pressure hydrogen gas.
- In March 2021, Luxfer Group completed the acquisition of SCI (Structural Composites Industries, which is a business u of Worthington Industries). This acquisition is aimed to enhance the capabilities of the hydrogen and CNG gas businesses of Luxfer Group.
- In January 2021, Worthington Industries, Inc. announced the acquisition of PTEC Pressure Technology GmbH. This acquisition is expected to develop the system capabilities of Worthington Industries, Inc.
The pressure cylinders segment sells and manufactures filled and unfilled pressure cylinders, tanks, hand torches, well water and expansion tanks, and oil & gas equipment to various end-use applications such as consumer products, alternative fuels, industrial products, and energy. Alternative fuels include composite and steel cylinders, used to hold CNG and hydrogen, for automobiles, buses, and light-duty trucks, and propane/autogas for automobiles, and light- and medium-duty trucks.
Luxfer Group is one of the key players in materials technology dealing with the manufacturing, design, and supply of high-performance materials, gas cylinders, and components. It operates its business based on two divisions: elektron and gas cylinders. The company’s area of expertise covers the metallurgical and chemical properties of magnesium, zirconium, carbon, and rare earths. It has 19 manufacturing plants operating in 7 countries across the world. The gas cylinder division manufactures products made from composites and aluminum, using technically advanced processes. The company produces and sells its products through two brands: Luxfer Gas Cylinders and Superform. Under Luxfer Gas Cylinder, the group manufactures and develops high-pressure aluminum and carbon composite cylinders.
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