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Power & Energy
Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline (petrol), Diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. CNG may be found above oil deposits, or may be collected from landfills or wastewater treatment plants where it is known as biogas.
Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost.
Market Analysis and Insights: Global Composite CNG Tanks Market
The global Composite CNG Tanks market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.
Global Composite CNG Tanks Scope and Segment
Composite CNG Tanks market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Composite CNG Tanks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Glass Fiber Composites
Carbon Fiber Composites
Segment by Application
Passenger Cars
Commercial Vehicles
By Company
Beijing Tianhai
Faber Industrie
Hexagon Composites
Luxfer Gas Cylinders
MCS International
Quantum Technologies
Xperion
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost.
Market Analysis and Insights: Global Composite CNG Tanks Market
The global Composite CNG Tanks market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.
Global Composite CNG Tanks Scope and Segment
Composite CNG Tanks market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Composite CNG Tanks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Glass Fiber Composites
Carbon Fiber Composites
Segment by Application
Passenger Cars
Commercial Vehicles
By Company
Beijing Tianhai
Faber Industrie
Hexagon Composites
Luxfer Gas Cylinders
MCS International
Quantum Technologies
Xperion
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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- By Technology
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