MarketResearchNest.com
adds “Global CNG Tank (CNG Cylinder)
Market Growth 2019-2024”new report to its research database.
CNG Tank/Cylinder is made using the cylinder shape with a
semi-spherical shape covering each end. The cylinder and semi-spherical shapes
provide the strongest structural shape because the circular and spherical
shapes provide for equal distribution of stresses throughout the inner area of
the tank producing the highest safety available for high-pressure vessels.
CNG Tank/Cylinder is made using the cylinder shape with a
semi-spherical shape covering each end. The cylinder and semi-spherical shapes
provide the strongest structural shape because the circular and spherical
shapes provide for equal distribution of stresses throughout the inner area of
the tank producing the highest safety available for high-pressure vessels.
The CNG Tank/Cylinder industry is not highly concentrated,
there are more than one hundred manufacturers in the world, and high-end
products mainly come from North America and Western Europe. Limited refueling
infrastructures, and higher prices of composite cylinders, are some of the
factors that hinder the growth of the CNG tanks/cylinders. Rising price of raw
materials such as metals, glass fiber, carbon fiber, and other components used
in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the
growth of the CNG tanks/cylinders market.
In the world wide, major manufactures mainly are Sinomatech,
Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon
Composites, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies,
Faber Industrie, CIMC ENRIC, Avanco Group and etc.
According to this study, over the next five years the CNG
Tank (CNG Cylinder) market will register a 5.0% CAGR in terms of revenue, the
global market size will reach US$ 970 million by 2024, from US$ 730 million in
2019. In particular, this report presents the global market share (sales and
revenue) of key companies in CNG Tank (CNG Cylinder) business, shared in
Chapter 3.
This report presents a comprehensive overview, market shares,
and growth opportunities of CNG Tank (CNG Cylinder) market by product type,
application, key manufacturers and key regions and countries.
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This study considers
the CNG Tank (CNG Cylinder) value and volume generated from the sales of the
following segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Type 1
·
Type 2
·
Type 3
·
Type 4
·
Others
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Passenger
Vehicles
·
Commercial
Vehicles
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy,
Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel, Turkey, GCC
Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report:
·
Sinomatech
·
Everest Kanto Cylinders
·
Worthington Industries
·
Luxfer Group
·
Hexagon Composites
·
Beijing Tianhai Industry
·
Rama Cylinders
·
Quantum Technologies
·
Faber Industrie
·
Praxair Technologies
·
CIMC ENRIC
·
Lianzhong Composites
·
Avanco Group
·
Ullit
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global CNG Tank (CNG
Cylinder) consumption (value and volume) by key regions/countries, product type
and application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of CNG Tank (CNG
Cylinder) market by identifying its various subsegments.
·
Focuses on the key global CNG Tank (CNG
Cylinder) manufacturers, to define, describe and analyze the sales volume,
value, market share, market competition landscape, SWOT analysis and
development plans in next few years.
·
To analyze the CNG Tank (CNG Cylinder) with
respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of CNG Tank (CNG
Cylinder) submarkets, with respect to key regions (along with their respective
key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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