The global CNG, RNG, and hydrogen tanks market size is projected to grow from USD 1.8 billion in 2020 to USD 2.7 billion by 2025, at a compound annual growth rate (CAGR) of 8.1% between 2020 and 2025. CNG, RNG, and hydrogen tanks are durable, cheaper, and most importantly eco-friendly. It is used in various applications in the fuel tank, and transportation tank. CNG, RNG, and hydrogen tanks can be majorly classified into tank types, depending on the material used during manufacturing. However, the negative impact of the COVID-19 pandemic on the automotive industry has affected the CNG, RNG, and hydrogen tanks market adversely.
“RNG gas is the fastest-growing segment in the CNG, RNG, and hydrogen tanks market in terms of both value and volume.”
RNG gas is projected to register the highest CAGR in terms of value between 2020 and 2025. RNG can be used as a transportation fuel in the form of compressed natural gas (CNG) or liquefied natural gas (LNG). RNG is qualified advanced biofuel under the Renewable Fuel Standard. RNG is widely used in transportation and fuel applications. Europe has the presence of various upgraded operating biogas plants, 195 in Germany, 92 in UK, 70 in Sweden, 44 in France, and 34 in Netherlands.
“Metal is the largest material type of CNG, RNG, and hydrogen tanks in terms of value and volume.”
Various metals (steel, aluminum, and metal alloys) are used in manufacturing of CNG, RNG, and hydrogen tanks. Steel is used in Type 1, Type 2 & Type 3 cylinders. The metal used in CNG, RNG, and hydrogen tanks increases the weight of the CNG, RNG, and hydrogen cylinders but at the same time it provides adequate protection to the cylinders. For metal and metal-lined cylinders, the life cycle of these depends on the rate of fatigue crack growth
“Type 1 tank is the largest used tank type of CNG, RNG, and hydrogen tanks in terms of both value and volume.”
Type 1 CNG, RNG, and hydrogen tanks are entirely made from metal made either from steel or aluminum and are designed in the shape of cylinders. These cylinders are seamless steel cylinders are used for the storage of CNG, RNG, and hydrogen on vehicles. The production cost for Type 1 CNG, RNG, and hydrogen cylinders tank is comparatively lower which makes these cylinders affordable and cost-effective.
“Fuel tank is the largest application of CNG, RNG, and hydrogen tanks in terms of both value and volume.”
CNG, RNG, and hydrogen are widely used in fuel tank application. The fuel tank is an alternative fuel for the automobiles running on petrol and diesel. The various advantages of CNG, RNG, and hydrogen fuel tank being extremely durable, cheaper, emission of lesser CO2 has increased the demand for these fuel tanks in automotive industry. The natural gas fuel tank driven vehicles are cheaper compared to the diesel-driven cars. The fuel tanks These tanks are widely used in Light-duty vehicles, Medium-duty vehicles, and Heavy-duty vehicles.
“APAC is the leading CNG, RNG, and hydrogen tanks market in terms of both value and volume.”
APAC is the largest CNG, RNG, and hydrogen tanks market in terms of both value and volume. The growth of the CNG, RNG, and hydrogen tanks market in APAC is driven by its increasing consumption in various applications, such as transportation tanks, and fuel tanks. This is because of the high industrial growth in countries, such as China, India, Pakistan, and Thailand. China has become the largest consumer of CNG, RNG, and hydrogen tanks in the automobile sector and is expected to strengthen its position further. The high focus of Indian and Chinese government on reducing air pollution by promoting the use of natural gas vehicles is driving the growth of the CNG, RNG, and hydrogen tanks market in these countries. APAC governments are focusing on increasing the use of alternative fuels and reducing emissions in cities, which is expected to help in the growth CNG, RNG, and hydrogen tanks market in the region. The key reason for this growth includes the demand for.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
- By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
- By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
- By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) - 20%, Latin America-5%, Middle East & Africa (MEA)-10%,
The report provides a comprehensive analysis of company profiles listed below:
- Worthington Industries, Inc. (US),
- Luxfer Group (UK),
- Hexagon Composites ASA (Norway),
- Quantum Fuel Systems LLC. (US),
- Everest Kanto Cylinders Ltd. (India),
- Praxair Technologies Inc. (US),
- Avanco Group (Germany),
- Xinyi Beijing Tianhai Industry Co. Ltd. (China),
- Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China),
- Faber Industrie SpA (Italy)
Research Coverage
This report covers the global CNG, RNG, and hydrogen tanks market and forecasts the market size until 2025. It includes the following market segmentation – gas type(CNG, RNG, hydrogen), material (metal, carbon fiber, glass fiber), tank type (type 1, type 2, type 3, type 4), application (fuel tank, transportation tank) and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global CNG, RNG, and hydrogen tanks market.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the global CNG, RNG, and hydrogen tanks market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the CNG, RNG, and hydrogen tanks market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion and acquisition.
Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall CNG, RNG, and hydrogen tanks market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 CNG, RNG, and Hydrogen Tanks Market: by Material; Inclusions and Exclusions
1.2.2 CNG, RNG, and Hydrogen Tanks Market: by Application; Inclusions and Exclusions
1.2.3 CNG, RNG, and Hydrogen Tanks Market: by Gas Type; Inclusions and Exclusions
1.2.4 CNG, RNG, and Hydrogen Tanks Market: by Tank Type; Inclusions and Exclusions
1.3 Market Scope
Figure 1 CNG, RNG, and Hydrogen Tanks Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 CNG, RNG, and Hydrogen Tanks Market: Research Methodology
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Growth Rate Assumptions/Growth Forecast
2.3 Market Size Estimation
2.3.1 Demand-Side Analysis
2.3.2 Supply-Side Analysis
Figure 3 Market Number Estimation
2.4 Data Triangulation
Figure 4 CNG, RNG, and Hydrogen Tanks Market: Data Triangulation
2.5 Assumptions
2.5.1 Risk Analysis
3 Executive Summary
Figure 5 CNG Tanks Dominate the Global Market
Figure 6 Carbon-Fiber Based CNG, RNG, and Hydrogen Tanks to Register the Highest CAGR
Figure 7 Fuel Tank Application to Lead the Market Between 2020 and 2025
Figure 8 Type 1 to Dominate the Market Between 2020 and 2025
Figure 9 APAC Was the Leading Region in the CNG, RNG, and Hydrogen Tanks Market
4 Premium Insights
4.1 Attractive Opportunities in the CNG, RNG, and Hydrogen Tanks Market
Figure 10 High Demand for Clean Fuels to Drive the Market
4.2 CNG, RNG, and Hydrogen Tanks Market, by Tank Type and Region
Figure 11 Type 1 and APAC to Account for the Largest Shares in the CNG, RNG, and Hydrogen Tanks Market
4.3 CNG, RNG, and Hydrogen Tanks Market, by Material
Figure 12 Metal Dominates the CNG, RNG, and Hydrogen Tanks Market
4.4 CNG, RNG, and Hydrogen Tanks Market, by Application
Figure 13 Fuel Tank Application to Dominate the CNG, RNG, and Hydrogen Tanks Market
4.5 CNG, RNG, and Hydrogen Tanks Market in CNG Tanks Segment, by Key Country
Figure 14 China to Register the Highest CAGR During the Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the CNG, RNG, and Hydrogen Tanks Market
5.2.1 Drivers
5.2.1.1 Increasing Use of Natural Gas in Automotive Industry
5.2.1.2 Increasing Tax Incentives for CNG Vehicles and Infrastructure
5.2.1.3 Increased Demand for CNG, Hydrogen, and RNG Tanks in North America and Europe
5.2.1.4 Growing Demand for CNG, RNG, and Hydrogen Tanks from APAC Region
5.2.1.5 Rising Environmental Awareness to Increase Natural Gas Demand
5.2.2 Restraints
5.2.2.1 Limited Availability of Hydrogen and CNG Refueling Infrastructure in Developed Economies
5.2.2.2 High Cost of Composite Material Tanks and Regulatory Approvals
5.2.2.3 Decrease in Demand for CNG, RNG, and Hydrogen Tanks Due to COVID-19 Pandemic
5.2.3 Opportunities
5.2.3.1 Emergence of Lightweight Composite Material CNG Cylinders
5.2.3.2 Development of Low-Weight Transportation Tanks
5.2.4 Challenges
5.2.4.1 Impact of Fluctuating Oil Prices on CNG, RNG, and Hydrogen Tanks Market
5.2.4.2 Already Well-Established Infrastructure for Electric Cars
5.3 Porter’S Five Forces Analysis
Figure 16 CNG, RNG, and Hydrogen Tanks Market: Porter’S Five Forces Analysis
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
5.4 Value Chain Analysis
5.5 Pricing Analysis
5.6 CNG, RNG, and Hydrogen Tanks Market Patent Analysis
5.6.1 Methodology
5.6.2 Document Type
Figure 17 Publication Trends - Last 5 Years
5.6.3 Insight
Figure 18 Jurisdiction Analysis for Hydrogen Tanks
Figure 19 Jurisdiction Analysis for CNG Tanks
5.6.4 Top Applicants of CNG Tanks
Figure 20 Top Applicants of CNG Tanks
5.6.5 Top Applicants of Hydrogen Tanks
Figure 21 Top Applicants of Hydrogen Tanks
5.7 Macroeconomic Overview and Key Trends
5.7.1 Introduction
5.7.2 Trends and Forecast of GDP
Table 1 Annual Percentage Change of GDP, by Region, April 2020
5.7.3 Trends in Automotive Industry
Table 2 Global Natural Gas Vehicles (Ngvs) /CNG Statistics, 2019
5.7.4 Hydrogen Gas Production and Associated Challenges
5.7.5 Number of RNG/Biomethane Plants
Table 3 Global Number of RNG Plants, 2019
6 CNG, RNG, and Hydrogen Tanks Market, by Gas Type
6.1 Introduction
Figure 22 CNG Gas Segment to Lead the CNG, RNG, and Hydrogen Tanks Market
Table 4 CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 5 CNG, RNG, and Hydrogen Tanks Market Size, Gas Type, 2018–2025 (Thousand Units)
6.2 CNG
6.2.1 CNG Reduces Carbon Monoxide Emissions by 90%-97%
Figure 23 Demand for CNG to be Highest in APAC
Table 6 CNG: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 7 CNG: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
Table 8 CNG: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 9 CNG: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
6.3 Hydrogen
6.3.1 Hydrogen is the Lightest and Most Abundant Gas
Table 10 Hydrogen: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 11 Hydrogen: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
Table 12 Hydrogen: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 13 Hydrogen: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
6.4 RNG
6.4.1 RNG is a Qualified Biofuel Under the Renewable Fuel Standard
Table 14 RNG: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 15 RNG: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
Table 16 RNG: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 17 RNG: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
7 CNG, RNG, and Hydrogen Tanks Market, by Material
7.1 Introduction
Figure 24 Metal Segment to Lead CNG, RNG, and Hydrogen Tanks Market
Table 18 CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 19 CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
7.2 Metal
7.2.1 Metal is the Cheapest Raw Material
Figure 25 Demand for Metal to be Highest in APAC
Table 20 Metal: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 21 Metal: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
7.3 Glass Fiber
7.3.1 Glass Fiber Composite Raw Materials Are 15%- 20% Lighter Than Traditional Steel
Table 22 Glass Fiber: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 23 Glass Fiber: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
7.4 Carbon Fiber
7.4.1 Carbon Fiber Raw Materials Are Usually Used in High-Value Applications
Table 24 Carbon Fiber: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 25 Carbon Fiber: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2028 (Thousand Units)
8 CNG, RNG, and Hydrogen Tanks Market, by Tank Type
8.1 Introduction
Figure 26 Type 1 Cylinder Segment to Dominate CNG, RNG, and Hydrogen Tanks Market
Table 26 CNG Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 27 CNG Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
8.2 Type 1
8.2.1 Fuel Tank Application Driving the Use of Type 1 Cylinder Tank
Figure 27 Demand for Type 1 Cylinder Tank to be Highest in APAC
Table 28 Type 1: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 29 Type 1: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
8.3 Type 2
8.3.1 Increasing Demand from Applications for Type 2 Tanks Due to Their Light-Weight Property
Table 30 Type 2: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 31 Type 2: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
8.4 Type 3
8.4.1 Type 3 Cylinders Have High Strength and Extra Impact Resistance
Table 32 Type 3: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 33 Type 3: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
8.5 Type 4
8.5.1 Type 4 Cylinders Are the Lightest But Also Costly
Table 34 Type 4: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 35 Type 4: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
9 CNG, RNG, and Hydrogen Tanks Market, by Application
9.1 Introduction
Figure 28 Fuel Tank Application to Dominate CNG, RNG, and Hydrogen Tanks Market
Table 36 CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 37 CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
9.2 Fuel Tank
9.2.1 Durable, Cheaper, with Lower Co2 Emission
9.2.2 Light-Duty Vehicles
9.2.3 Medium-Duty Vehicles
9.2.4 Heavy-Duty Vehicles
Table 38 Number of Ngvs and Fueling Stations, Top 10 Countries, 2018
Table 39 Number of Fcevs, by Major Country/Region, 2019
Figure 29 Demand for Fuel Tanks to be Highest in APAC
Table 40 Fuel Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 41 Fuel Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
Table 42 Fuel Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 43 Fuel Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
9.3 Transportation Tank
9.3.1 Use of Type 3 and Type 4 Tanks to Result in Significant Weight Reduction of Tanks
Table 44 Transportation Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 45 Transportation Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2028 (Thousand Units)
Table 46 Transportation Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 47 Transportation Tank: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2028 (Thousand Units)
10 CNG, RNG, and Hydrogen Tanks Market, by Region
10.1 Introduction
Figure 30 China to be the Fastest-Growing Market
Table 48 CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (USD Million)
Table 49 CNG, RNG, and Hydrogen Tanks Market Size, by Region, 2018–2025 (Thousand Units)
10.2 North America
Figure 31 North America: CNG, RNG, and Hydrogen Tanks Market Snapshot
10.2.1 North America: CNG, RNG, and Hydrogen Tanks Market, by Application
Table 50 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 51 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
10.2.2 North America: CNG, RNG, and Hydrogen Tanks Market, by Tank Type
Table 52 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 53 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
10.2.3 North America: CNG, RNG, and Hydrogen Tanks Market, by Gas Type
Table 54 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 55 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
10.2.4 North America: CNG, RNG, and Hydrogen Tanks Market, by Material
Table 56 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 57 North America: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
10.2.5 North America: CNG Tanks Market, by Country
Table 58 North America: CNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 59 North America: CNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.2.6 North America: RNG Tanks Market, by Country
Table 60 North America: RNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 61 North America: RNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.2.6.1 US
10.2.6.1.1 Presence of Major CNG, RNG, and Hydrogen Tank Manufacturers
10.2.6.2 Canada
10.2.6.2.1 Increasing Tax Incentives for Ngvs
10.3 APAC
Figure 32 APAC: CNG, RNG, and Hydrogen Tanks Market Snapshot
10.3.1 APAC: CNG, RNG, and Hydrogen Tanks Market, by Application
Table 62 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 63 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
10.3.2 APAC: CNG, RNG, and Hydrogen Tanks Market, by Tank Type
Table 64 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 65 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
10.3.3 APAC: CNG, RNG, and Hydrogen Tanks Market, by Gas Type
Table 66 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 67 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
10.3.4 APAC: CNG, RNG, and Hydrogen Tanks Market, by Material
Table 68 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 69 APAC: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
10.3.5 APAC: CNG Tanks Market, by Country
Table 70 APAC: CNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 71 APAC: CNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.3.6 APAC: RNG Tanks Market, by Country
Table 72 APAC: RNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 73 APAC: RNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.3.6.1 China
10.3.6.1.1 Automotive Industry to Support Market Growth
10.3.6.2 Pakistan
10.3.6.2.1 Government Initiatives to Increase Demand for Natural Gas
10.3.6.3 India
10.3.6.3.1 Low Running Cost and Eco-Friendliness of CNG to Drive the Market
10.3.6.4 Thailand
10.3.6.4.1 Growing Focus on Sporting Goods Industry to Drive the Market
10.3.6.5 Rest of APAC
10.4 Europe
Figure 33 Europe: CNG, RNG, and Hydrogen Tanks Market Snapshot
10.4.1 Europe: CNG, RNG, and Hydrogen Tanks Market, by Application
Table 74 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 75 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
10.4.2 Europe: CNG, RNG, and Hydrogen Tanks Market, by Tank Type
Table 76 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 77 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
10.4.3 Europe: CNG, RNG, and Hydrogen Tanks Market, by Gas Type
Table 78 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 79 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
10.4.4 Europe: CNG, RNG, and Hydrogen Tanks Market, by Material
Table 80 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 81 Europe: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
10.4.5 Europe: CNG Tanks Market, by Country
Table 82 Europe: CNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 83 Europe: CNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.4.6 Europe: RNG Tanks Market, by Country
Table 84 Europe: RNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 85 Europe: RNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.4.6.1 Germany
10.4.6.1.1 German Government Has Made CNG Prices Competitive by Lowering the Tax Rates
10.4.6.2 France
10.4.6.2.1 Increased Use of Natural Gas-Driven Fuel Tanks Application Has Increased the Demand for CNG Tanks
10.4.6.3 Italy
10.4.6.3.1 Italy Dominated the European CNG Tanks Market
10.4.6.4 Russia
10.4.6.4.1 Highly Focused on Increasing the Use of CNG Tanks
10.4.6.5 Sweden
10.4.6.5.1 Income Tax Reduction for the Use of CNG Vehicles
10.4.6.6 Ukraine
10.4.6.6.1 Ukraine Has the Second Position in the CNG Tanks Market
10.4.6.7 Armenia
10.4.6.7.1 Armenia Has the Third Position in the CNG Tanks Market
10.4.6.8 Bulgaria
10.4.6.8.1 Increasing Demand for CNG-Driven Vehicles
10.4.6.9 Switzerland
10.4.6.9.1 Bi-Fuel Vehicles to Generate the Demand for CNG and RNG Tanks in the Country
10.4.6.10 Austria
10.4.6.10.1 Initiative Taken to Promote CNG as Fuel for Commuting
10.4.6.11 Netherlands
10.4.6.11.1 Increasing Demand for Clean Fuel Cars in the Country
10.4.6.12 Rest of Europe
10.5 Middle East & Africa (Mea)
10.5.1 Mea: CNG, RNG, and Hydrogen Tanks Market, by Application
Table 86 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 87 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
10.5.2 Mea: CNG, RNG, and Hydrogen Tanks Market, by Tank Type
Table 88 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 89 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
10.5.3 Mea: CNG, RNG, and Hydrogen Tanks Market, by Gas Type
Table 90 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 91 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
10.5.4 Mea: CNG RNG, and Hydrogen Tanks Market, by Material
Table 92 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 93 Mea: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
10.5.5 Mea: CNG Tanks Market, by Country
Table 94 Mea: CNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 95 Mea: CNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.5.5.1 Iran
10.5.5.1.1 Five-Year Investment Plan to Promote Use of Ngvs
10.5.5.2 Uzbekistan
10.5.5.2.1 Ranks Eighth in the Global NGVs Market
10.5.5.3 Rest of Mea
10.6 Latin America
10.6.1 Latin America: CNG, RNG, and Hydrogen Tanks Market, by Application
Table 96 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (USD Million)
Table 97 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Application, 2018–2025 (Thousand Units)
10.6.2 Latin America: CNG, RNG, and Hydrogen Tanks Market, by Tank Type
Table 98 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (USD Million)
Table 99 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Tank Type, 2018–2025 (Thousand Units)
10.6.3 Latin America: CNG, RNG, and Hydrogen Tanks Market, by Gas Type
Table 100 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (USD Million)
Table 101 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Gas Type, 2018–2025 (Thousand Units)
10.6.4 Latin America: CNG RNG, and Hydrogen Tanks Market, by Material
Table 102 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (USD Million)
Table 103 Latin America: CNG, RNG, and Hydrogen Tanks Market Size, by Material, 2018–2025 (Thousand Units)
10.6.5 Latin America: CNG Tanks Market, by Country
Table 104 Latin America: CNG Tanks Market Size, by Country, 2018–2025 (USD Million)
Table 105 Latin America: CNG Tanks Market Size, by Country, 2018–2025 (Thousand Units)
10.6.5.1 Brazil
10.6.5.1.1 Government Support for Buying CNG Conversion Kits
10.6.5.2 Argentina
10.6.5.2.1 Strengthening of Refueling Network
10.6.5.3 Rest of Latin America
11 Competitive Landscape
11.1 Introduction
Figure 34 New Product Launch/Development and Acquisition Are Key Growth Strategies Adopted Between 2015 and 2020
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Dynamic Differentiators
11.2.3 Emerging Companies
11.2.4 Innovators
Figure 35 CNG, RNG, and Hydrogen Tanks Market: Competitive Leadership Mapping, 2019
11.3 Strength of Product Portfolio
Figure 36 Product Portfolio Analysis of Top Players in CNG, RNG, and Hydrogen Tanks Market
11.4 Business Strategy Excellence
Figure 37 Business Strategy Excellence of Top Players in CNG, RNG, and Hydrogen Tanks Market
11.5 Market Revenue Analysis of Top Players
Figure 38 Revenue Share Analysis of the Players, 2019
11.6 Competitive Scenario
11.6.1 New Product Launch/New Product Development
Table 106 New Product Launches/New Product Developments, 2015–2020
11.6.2 Acquisition
Table 107 Acquisitions, 2015-2020
11.6.3 Agreement/Contract
Table 108 Agreements/Contracts, 2015-2020
11.6.4 Expansion
Table 109 Expansion, 2015-2020
12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
12.1 Worthington Industries, Inc.
Figure 39 Worthington Industries, Inc.: Company Snapshot
Figure 40 Worthington Industries, Inc.: SWOT Analysis
12.2 Luxfer Group
Figure 41 Luxfer Group: Company Snapshot
Figure 42 Luxfer Group: SWOT Analysis
12.3 Hexagon Composites Asa
Figure 43 Hexagon Composites Asa: Company Snapshot
Figure 44 Hexagon Composites Asa: SWOT Analysis
12.4 Quantum Fuel Systems LLC.
Figure 45 Quantum Fuel Systems LLC.: SWOT Analysis
12.5 Everest Kanto Cylinders Ltd.
Figure 46 Everest Kanto Cylinders Ltd.: Company Snapshot
Figure 47 Everest Kanto Cylinders Ltd.: SWOT Analysis
12.6 Praxair Technologies Inc.
12.7 Avanco Group
12.8 Beijing Tianhai Industry Co. Ltd.
12.9 Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
12.10 Faber Industrie Spa
12.11 Other Companies
12.11.1 Ullit Sa
12.11.2 Agility Fuel Solutions
12.11.3 Rama Cylinders Private Limited
12.11.4 JPM Group
12.11.5 Sahuwala Cylinders Ltd
12.11.6 Euro India Cylinders Ltd
12.11.7 Cevotec Gmbh
12.11.8 Nproxx
12.11.9 Steelhead Composites, Inc.
12.11.10 Jiangsu Qiulin Special Energy Equipment Joint Stock Limited Company
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
- Avanco Group (Germany)
- Everest Kanto Cylinders Ltd. (India)
- Faber Industrie SpA (Italy)
- Hexagon Composites ASA (Norway)
- Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China)
- Luxfer Group (UK)
- Praxair Technologies Inc. (US)
- Quantum Fuel Systems LLC. (US)
- Worthington Industries Inc. (US)
- Xinyi Beijing Tianhai Industry Co. Ltd. (China)
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