Global CNG Cylinders Market Reports give a Key study on the industry status of the CNG Cylinders Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
The Global CNG Cylinders Market Was Estimated To Be Worth $1.5 Billion In 2022 And Is Expected To Reach $2.6 Billion By 2030, Expanding At A Compound Annual Growth Rate Of 5.9% 2023 to 2030.
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Compressed natural gas, which is often stored in high-pressure cylinders, is the most popular type of fuel in cars. CNG is put into a cylinder, which generally has a pressure of about 250 bars. How much the CNG tanks weigh could mean a lot of different things. CNG tanks need to have a strong frame so that they can safely hold the high-pressure gas. You can buy compressed natural gas in tanks that come in many shapes and sizes and can be used for many different things.
Due to strict rules on diesel-powered vehicles, rising worries about greenhouse gases (GHG), and the government’s support for LNG-powered vehicles, the market is expected to grow in a big way. Light-duty cars have dual-fuel systems, while heavy-duty vehicles have dual-fuel systems. Fuel systems for light-duty cars are made just for them. The tanks in CNG cars are made to keep the natural gas in its gaseous form. The ANSI NGV2 standard says that a CNG tank will last between 15 and 20 years on average.
Competitive Landscape and Global Market Share Analysis:
Hexagon Agility, Worthington Industries, 3M, Luxfer Group, Cobham Limited, Quantum Fuel Systems Technologies, CNG United, REL Inc, Time Technoplast Ltd, Steelhead Composites, Others
Market Segmentation:
By Material
- Steel
- Glass Fiber
- Carbon Fiber
- Aluminum
- Others
By Vehicle
- Light Duty
- Medium Duty
- Heavy Duty
The report on the CNG Cylinders market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
The goal of moving to cars that don’t put out any pollution is to improve China’s air quality, cut CO2 emissions, and make the country less reliant on energy from other countries. Several types of businesses have already seen more sales of cars that run on LNG. Maruti Suzuki India Limited sold more compressed natural gas cars than ever before in the fiscal year 2019-20. (CNG). In all of India, the company was able to sell 106,443 CNG cars.
Since the BS-VI Emissions Standards will go into effect on April 1, 2020, many programs have been set up to promote the use of IGL or the switch from diesel. In 2020, India’s Minister of Petroleum and Natural Gas launched the country’s first long-distance compressed natural gas bus. This was part of a plan led by Indraprastha Gas Limited. Agility Fuel Solutions made a fuel system for buses that uses composite tanks and gives CNG buses more than twice as much range. This system is used to run buses all over the United States. Before the program, CNG buses in India could only go 350 km. Now, each of the five buses in the program can go nearly 1,100 km.
Following are the major TOC of the CNG Cylinders Market:
Chapter 1: CNG Cylinders Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global CNG Cylinders Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global CNG Cylinders Market Forecast
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Key Reasons to Purchase CNG Cylinders Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global CNG Cylinders Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the CNG Cylinders Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the CNG Cylinders
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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