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CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon, Glass), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation) and Region - Global Forecast to 2025
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Published by MarketsandMarkets: 09 Sep 2020 | 278525 | In Stock
Related Topics: COVID , Renewable , Steel

Introduction

“The CNG, RNG, and hydrogen tanks market is projected to register a CAGR of 8.1% during the forecast period.”

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 the 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.

Table of Contents
for CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon, Glass), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation) and Region - Global Forecast to 2025

  • 1 INTRODUCTION 22

    1.1 OBJECTIVES OF THE STUDY 22

    1.2 MARKET DEFINITION 22

    1.2.1 CNG, RNG, AND HYDROGEN TANKS MARKET: BY MATERIAL; INCLUSIONS AND EXCLUSIONS 23

    1.2.2 CNG, RNG, AND HYDROGEN TANKS MARKET: BY APPLICATION; INCLUSIONS AND EXCLUSIONS 23

    1.2.3 CNG, RNG, AND HYDROGEN TANKS MARKET: BY GAS TYPE; INCLUSIONS AND EXCLUSIONS 24

    1.2.4 CNG, RNG, AND HYDROGEN TANKS MARKET: BY TANK TYPE; INCLUSIONS AND EXCLUSIONS 24

    1.3 MARKET SCOPE 25

    FIGURE 1 CNG, RNG, AND HYDROGEN TANKS MARKET SEGMENTATION 25

    1.3.1 YEARS CONSIDERED FOR THE STUDY 25

    1.4 CURRENCY 26

    1.5 UNIT CONSIDERED 26

    1.6 STAKEHOLDERS 26

    1.7 SUMMARY OF CHANGES 27

    2 RESEARCH METHODOLOGY 28

    2.1 RESEARCH DATA 28

    FIGURE 2 CNG, RNG, AND HYDROGEN TANKS MARKET: RESEARCH METHODOLOGY 28

    2.1.1 SECONDARY DATA 29

    2.1.1.1 Key data from secondary sources 29

    2.1.2 PRIMARY DATA 30

    2.1.2.1 PRIMARY INTERVIEWS 30

    2.1.2.2 Key data from primary sources 30

    2.1.2.3 Key industry insights 31

    2.1.2.4 Breakdown of primary interviews 31

    2.2 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 32

    2.3 MARKET SIZE ESTIMATION 32

    2.3.1 DEMAND-SIDE ANALYSIS 32

    2.3.2 SUPPLY-SIDE ANALYSIS 33

    FIGURE 3 MARKET NUMBER ESTIMATION 33

    2.4 DATA TRIANGULATION 34

    FIGURE 4 CNG, RNG, AND HYDROGEN TANKS MARKET: DATA TRIANGULATION 34

    2.5 ASSUMPTIONS 35

    2.5.1 RISK ANALYSIS 35

    3 EXECUTIVE SUMMARY 36

    FIGURE 5 CNG TANKS DOMINATE THE GLOBAL MARKET 37

    FIGURE 6 CARBON-FIBER BASED CNG, RNG, AND HYDROGEN TANKS TO REGISTER THE HIGHEST CAGR 38

    FIGURE 7 FUEL TANK APPLICATION TO LEAD THE MARKET BETWEEN 2020 AND 2025 38

    FIGURE 8 TYPE 1 TO DOMINATE THE MARKET BETWEEN 2020 AND 2025 39

    FIGURE 9 APAC WAS THE LEADING REGION IN THE CNG, RNG, AND HYDROGEN TANKS MARKET 39

    4 PREMIUM INSIGHTS 41

    4.1 ATTRACTIVE OPPORTUNITIES IN THE CNG, RNG, AND HYDROGEN TANKS MARKET 41

    FIGURE 10 HIGH DEMAND FOR CLEAN FUELS TO DRIVE THE MARKET 41

    4.2 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE AND REGION 41

    FIGURE 11 TYPE 1 AND APAC TO ACCOUNT FOR THE LARGEST SHARES IN THE CNG, RNG, AND HYDROGEN TANKS MARKET 41

    4.3 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 42

    FIGURE 12 METAL DOMINATES THE CNG, RNG, AND HYDROGEN TANKS MARKET 42

    4.4 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 42

    FIGURE 13 FUEL TANK APPLICATION TO DOMINATE THE CNG, RNG, AND HYDROGEN TANKS MARKET 42

    4.5 CNG, RNG, AND HYDROGEN TANKS MARKET IN CNG TANKS SEGMENT, BY KEY COUNTRY 43

    FIGURE 14 CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 43

    5 MARKET OVERVIEW 44

    5.1 INTRODUCTION 44

    5.2 MARKET DYNAMICS 44

    FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE CNG, RNG, AND HYDROGEN TANKS MARKET 44

    5.2.1 DRIVERS 45

    5.2.1.1 Increasing use of natural gas in automotive industry 45

    5.2.1.2 Increasing tax incentives for CNG vehicles and infrastructure 45

    5.2.1.3 Increased demand for CNG, hydrogen, and RNG tanks in North America and Europe 45

    5.2.1.4 Growing demand for CNG, RNG, and hydrogen tanks from APAC region 46

    5.2.1.5 Rising environmental awareness to increase natural gas demand 46

    5.2.2 RESTRAINTS 46

    5.2.2.1 Limited availability of hydrogen and CNG refueling infrastructure in developed economies 46

    5.2.2.2 High cost of composite material tanks and regulatory approvals 47

    5.2.2.3 Decrease in demand for CNG, RNG, and hydrogen tanks due to COVID-19 pandemic 47

    5.2.3 OPPORTUNITIES 48

    5.2.3.1 Emergence of lightweight composite material CNG cylinders 48

    5.2.3.2 Development of low-weight transportation tanks 48

    5.2.4 CHALLENGES 48

    5.2.4.1 Impact of fluctuating oil prices on CNG, RNG, and hydrogen tanks market 48

    5.2.4.2 Already well-established infrastructure for electric cars 49

    5.3 PORTER’S FIVE FORCES ANALYSIS 49

    FIGURE 16 CNG, RNG, AND HYDROGEN TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS 49

    5.3.1 BARGAINING POWER OF BUYERS 50

    5.3.2 BARGAINING POWER OF SUPPLIERS 50

    5.3.3 THREAT OF NEW ENTRANTS 50

    5.3.4 THREAT OF SUBSTITUTES 51

    5.3.5 INTENSITY OF COMPETITIVE RIVALRY 51

    5.4 VALUE CHAIN ANALYSIS 51

    5.5 PRICING ANALYSIS 52

    5.6 CNG, RNG, AND HYDROGEN TANKS MARKET PATENT ANALYSIS 53

    5.6.1 METHODOLOGY 53

    5.6.2 DOCUMENT TYPE 53

    FIGURE 17 PUBLICATION TRENDS - LAST 5 YEARS 54

    5.6.3 INSIGHT 55

    FIGURE 18 JURISDICTION ANALYSIS FOR HYDROGEN TANKS 55

    FIGURE 19 JURISDICTION ANALYSIS FOR CNG TANKS 55

    5.6.4 TOP APPLICANTS OF CNG TANKS 56

    FIGURE 20 TOP APPLICANTS OF CNG TANKS 56

    5.6.5 TOP APPLICANTS OF HYDROGEN TANKS 56

    FIGURE 21 TOP APPLICANTS OF HYDROGEN TANKS 56

    5.7 MACROECONOMIC OVERVIEW AND KEY TRENDS 57

    5.7.1 INTRODUCTION 57

    5.7.2 TRENDS AND FORECAST OF GDP 57

    TABLE 1 ANNUAL PERCENTAGE CHANGE OF GDP, BY REGION, APRIL 2020 57

    5.7.3 TRENDS IN AUTOMOTIVE INDUSTRY 58

    TABLE 2 GLOBAL NATURAL GAS VEHICLES (NGVS) /CNG STATISTICS, 2019 59

    5.7.4 HYDROGEN GAS PRODUCTION AND ASSOCIATED CHALLENGES 59

    5.7.5 NUMBER OF RNG/BIOMETHANE PLANTS 59

    TABLE 3 GLOBAL NUMBER OF RNG PLANTS, 2019 60

    6 CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 61

    6.1 INTRODUCTION 62

    FIGURE 22 CNG GAS SEGMENT TO LEAD THE CNG, RNG, AND HYDROGEN TANKS MARKET 62

    TABLE 4 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE,

    2018–2025 (USD MILLION) 62

    TABLE 5 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, GAS TYPE,

    2018–2025 (THOUSAND UNITS) 63

    6.2 CNG 63

    6.2.1 CNG REDUCES CARBON MONOXIDE EMISSIONS BY 90%-97% 63

    FIGURE 23 DEMAND FOR CNG TO BE HIGHEST IN APAC 64

    TABLE 6 CNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 64

    TABLE 7 CNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 64

    TABLE 8 CNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 65

    TABLE 9 CNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (THOUSAND UNITS) 65

    6.3 HYDROGEN 66

    6.3.1 HYDROGEN IS THE LIGHTEST AND MOST ABUNDANT GAS 66

    TABLE 10 HYDROGEN: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 66

    TABLE 11 HYDROGEN: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS) 67

    TABLE 12 HYDROGEN: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (USD MILLION) 67

    TABLE 13 HYDROGEN: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (THOUSAND UNITS) 67

    6.4 RNG 68

    6.4.1 RNG IS A QUALIFIED BIOFUEL UNDER THE RENEWABLE FUEL STANDARD 68

    TABLE 14 RNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 68

    TABLE 15 RNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 68

    TABLE 16 RNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 69

    TABLE 17 RNG: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (THOUSAND UNITS) 69

    7 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 70

    7.1 INTRODUCTION 71

    FIGURE 24 METAL SEGMENT TO LEAD CNG, RNG, AND HYDROGEN TANKS MARKET 71

    TABLE 18 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL,

    2018–2025 (USD MILLION) 72

    TABLE 19 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL,

    2018–2025 (THOUSAND UNITS) 72

    7.2 METAL 72

    7.2.1 METAL IS THE CHEAPEST RAW MATERIAL 72

    FIGURE 25 DEMAND FOR METAL TO BE HIGHEST IN APAC 73

    TABLE 20 METAL: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 73

    TABLE 21 METAL: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 73

    7.3 GLASS FIBER 74

    7.3.1 GLASS FIBER COMPOSITE RAW MATERIALS ARE 15%- 20% LIGHTER THAN TRADITIONAL STEEL 74

    TABLE 22 GLASS FIBER: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 74

    TABLE 23 GLASS FIBER: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS) 75

    7.4 CARBON FIBER 75

    7.4.1 CARBON FIBER RAW MATERIALS ARE USUALLY USED IN HIGH-VALUE APPLICATIONS 75

    TABLE 24 CARBON FIBER: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY REGION, 2018–2025 (USD MILLION) 75

    TABLE 25 CARBON FIBER: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY REGION, 2018–2028 (THOUSAND UNITS) 76

    8 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 77

    8.1 INTRODUCTION 78

    FIGURE 26 TYPE 1 CYLINDER SEGMENT TO DOMINATE CNG, RNG, AND HYDROGEN TANKS MARKET 78

    TABLE 26 CNG TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 78

    TABLE 27 CNG TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 79

    8.2 TYPE 1 79

    8.2.1 FUEL TANK APPLICATION DRIVING THE USE OF TYPE 1 CYLINDER TANK 79

    FIGURE 27 DEMAND FOR TYPE 1 CYLINDER TANK TO BE HIGHEST IN APAC 79

    TABLE 28 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 80

    TABLE 29 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 80

    8.3 TYPE 2 81

    8.3.1 INCREASING DEMAND FROM APPLICATIONS FOR TYPE 2 TANKS DUE TO THEIR LIGHT-WEIGHT PROPERTY 81

    TABLE 30 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 81

    TABLE 31 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 81

    8.4 TYPE 3 82

    8.4.1 TYPE 3 CYLINDERS HAVE HIGH STRENGTH AND EXTRA IMPACT RESISTANCE 82

    TABLE 32 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 82

    TABLE 33 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 82

    8.5 TYPE 4 83

    8.5.1 TYPE 4 CYLINDERS ARE THE LIGHTEST BUT ALSO COSTLY 83

    TABLE 34 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 83

    TABLE 35 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 84

    9 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 85

    9.1 INTRODUCTION 86

    FIGURE 28 FUEL TANK APPLICATION TO DOMINATE CNG, RNG, AND HYDROGEN TANKS MARKET 86

    TABLE 36 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION,

    2018–2025 (USD MILLION) 86

    TABLE 37 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION,

    2018–2025 (THOUSAND UNITS) 87

    9.2 FUEL TANK 87

    9.2.1 DURABLE, CHEAPER, WITH LOWER CO2 EMISSION 87

    9.2.2 LIGHT-DUTY VEHICLES 87

    9.2.3 MEDIUM-DUTY VEHICLES 88

    9.2.4 HEAVY-DUTY VEHICLES 88

    TABLE 38 NUMBER OF NGVS AND FUELING STATIONS, TOP 10 COUNTRIES, 2018 88

    TABLE 39 NUMBER OF FCEVS, BY MAJOR COUNTRY/REGION, 2019 89

    FIGURE 29 DEMAND FOR FUEL TANKS TO BE HIGHEST IN APAC 89

    TABLE 40 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 90

    TABLE 41 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (THOUSAND UNITS) 90

    TABLE 42 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 90

    TABLE 43 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (THOUSAND UNITS) 91

    9.3 TRANSPORTATION TANK 91

    9.3.1 USE OF TYPE 3 AND TYPE 4 TANKS TO RESULT IN SIGNIFICANT WEIGHT REDUCTION OF TANKS 91

    TABLE 44 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 91

    TABLE 45 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION, 2018–2028 (THOUSAND UNITS) 92

    TABLE 46 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 92

    TABLE 47 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2028 (THOUSAND UNITS) 92

    10 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION 93

    10.1 INTRODUCTION 94

    FIGURE 30 CHINA TO BE THE FASTEST-GROWING MARKET 94

    TABLE 48 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (USD MILLION) 95

    TABLE 49 CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY REGION,

    2018–2025 (THOUSAND UNITS) 95

    10.2 NORTH AMERICA 96

    FIGURE 31 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 96

    10.2.1 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET,

    BY APPLICATION 97

    TABLE 50 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (USD MILLION) 97

    TABLE 51 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (THOUSAND UNITS) 97

    10.2.2 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 97

    TABLE 52 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 97

    TABLE 53 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 98

    10.2.3 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 98

    TABLE 54 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 98

    TABLE 55 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (THOUSAND UNITS) 98

    10.2.4 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 99

    TABLE 56 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (USD MILLION) 99

    TABLE 57 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (THOUSAND UNITS) 99

    10.2.5 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY 99

    TABLE 58 NORTH AMERICA: CNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (USD MILLION) 99

    TABLE 59 NORTH AMERICA: CNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (THOUSAND UNITS) 100

    10.2.6 NORTH AMERICA: RNG TANKS MARKET, BY COUNTRY 100

    TABLE 60 NORTH AMERICA: RNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (USD MILLION) 100

    TABLE 61 NORTH AMERICA: RNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (THOUSAND UNITS) 100

    10.2.6.1 US 101

    10.2.6.1.1 Presence of major CNG, RNG, and hydrogen tank manufacturers 101

    10.2.6.2 Canada 101

    10.2.6.2.1 Increasing tax incentives for NGVs 101

    10.3 APAC 102

    FIGURE 32 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 102

    10.3.1 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 103

    TABLE 62 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 103

    TABLE 63 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (THOUSAND UNITS) 103

    10.3.2 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 103

    TABLE 64 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 103

    TABLE 65 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 104

    10.3.3 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 104

    TABLE 66 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 104

    TABLE 67 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (THOUSAND UNITS) 104

    10.3.4 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 105

    TABLE 68 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (USD MILLION) 105

    TABLE 69 APAC: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (THOUSAND UNITS) 105

    10.3.5 APAC: CNG TANKS MARKET, BY COUNTRY 106

    TABLE 70 APAC: CNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 106

    TABLE 71 APAC: CNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (THOUSAND UNITS) 106

    10.3.6 APAC: RNG TANKS MARKET, BY COUNTRY 107

    TABLE 72 APAC: RNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 107

    TABLE 73 APAC: RNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (THOUSAND UNITS) 107

    10.3.6.1 China 107

    10.3.6.1.1 Automotive industry to support market growth 107

    10.3.6.2 Pakistan 108

    10.3.6.2.1 Government initiatives to increase demand for natural gas 108

    10.3.6.3 India 108

    10.3.6.3.1 Low running cost and eco-friendliness of CNG to drive the market 108

    10.3.6.4 Thailand 108

    10.3.6.4.1 Growing focus on sporting goods industry to drive the market 108

    10.3.6.5 Rest of APAC 108

    10.4 EUROPE 109

    FIGURE 33 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 109

    10.4.1 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 110

    TABLE 74 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 110

    TABLE 75 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (THOUSAND UNITS) 110

    10.4.2 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 110

    TABLE 76 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 110

    TABLE 77 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 111

    10.4.3 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 111

    TABLE 78 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 111

    TABLE 79 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (THOUSAND UNITS) 111

    10.4.4 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 112

    TABLE 80 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (USD MILLION) 112

    TABLE 81 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL, 2018–2025 (THOUSAND UNITS) 112

    10.4.5 EUROPE: CNG TANKS MARKET, BY COUNTRY 113

    TABLE 82 EUROPE: CNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (USD MILLION) 113

    TABLE 83 EUROPE: CNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (THOUSAND UNITS) 113

    10.4.6 EUROPE: RNG TANKS MARKET, BY COUNTRY 114

    TABLE 84 EUROPE: RNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (USD MILLION) 114

    TABLE 85 EUROPE: RNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025

    (THOUSAND UNITS) 114

    10.4.6.1 Germany 115

    10.4.6.1.1 German government has made CNG prices competitive by lowering the tax rates 115

    10.4.6.2 France 115

    10.4.6.2.1 Increased use of natural gas-driven fuel tanks application has increased the demand for CNG tanks 115

    10.4.6.3 Italy 115

    10.4.6.3.1 Italy dominated the European CNG tanks market 115

    10.4.6.4 Russia 116

    10.4.6.4.1 Highly focused on increasing the use of CNG tanks 116

    10.4.6.5 Sweden 116

    10.4.6.5.1 Income tax reduction for the use of CNG vehicles 116

    10.4.6.6 Ukraine 116

    10.4.6.6.1 Ukraine has the second position in the CNG tanks market 116

    10.4.6.7 Armenia 116

    10.4.6.7.1 Armenia has the third position in the CNG tanks market 116

    10.4.6.8 Bulgaria 117

    10.4.6.8.1 Increasing demand for CNG-driven vehicles 117

    10.4.6.9 Switzerland 117

    10.4.6.9.1 Bi-fuel vehicles to generate the demand for CNG and RNG tanks in the country 117

    10.4.6.10 Austria 117

    10.4.6.10.1 Initiative taken to promote CNG as fuel for commuting 117

    10.4.6.11 Netherlands 117

    10.4.6.11.1 Increasing demand for clean fuel cars in the country 117

    10.4.6.12 Rest of Europe 117

    10.5 MIDDLE EAST & AFRICA (MEA) 118

    10.5.1 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 118

    TABLE 86 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 118

    TABLE 87 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY APPLICATION, 2018–2025 (THOUSAND UNITS) 118

    10.5.2 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 119

    TABLE 88 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 119

    TABLE 89 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 119

    10.5.3 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 119

    TABLE 90 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE,

    2018–2025 (USD MILLION) 119

    TABLE 91 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE,

    2018–2025 (THOUSAND UNITS) 120

    10.5.4 MEA: CNG RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 120

    TABLE 92 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL,

    2018–2025 (USD MILLION) 120

    TABLE 93 MEA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY MATERIAL,

    2018–2025 (THOUSAND UNITS) 120

    10.5.5 MEA: CNG TANKS MARKET, BY COUNTRY 121

    TABLE 94 MEA: CNG TANKS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 121

    TABLE 95 MEA: CNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (THOUSAND UNITS) 121

    10.5.5.1 Iran 121

    10.5.5.1.1 Five-year investment plan to promote use of NGVs 121

    10.5.5.2 Uzbekistan 121

    10.5.5.2.1 Ranks eighth in the global NGVs market 121

    10.5.5.3 Rest of MEA 122

    10.6 LATIN AMERICA 122

    10.6.1 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET,

    BY APPLICATION 122

    TABLE 96 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (USD MILLION) 122

    TABLE 97 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY APPLICATION, 2018–2025 (THOUSAND UNITS) 122

    10.6.2 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 123

    TABLE 98 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (USD MILLION) 123

    TABLE 99 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY TANK TYPE, 2018–2025 (THOUSAND UNITS) 123

    10.6.3 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 124

    TABLE 100 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (USD MILLION) 124

    TABLE 101 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE, BY GAS TYPE, 2018–2025 (THOUSAND UNITS) 124

    10.6.4 LATIN AMERICA: CNG RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 124

    TABLE 102 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY MATERIAL, 2018–2025 (USD MILLION) 124

    TABLE 103 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SIZE,

    BY MATERIAL, 2018–2025 (THOUSAND UNITS) 125

    10.6.5 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY 125

    TABLE 104 LATIN AMERICA: CNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (USD MILLION) 125

    TABLE 105 LATIN AMERICA: CNG TANKS MARKET SIZE, BY COUNTRY,

    2018–2025 (THOUSAND UNITS) 125

    10.6.5.1 Brazil 126

    10.6.5.1.1 Government support for buying CNG conversion kits 126

    10.6.5.2 Argentina 126

    10.6.5.2.1 Strengthening of refueling network 126

    10.6.5.3 Rest of Latin America 126

    11 COMPETITIVE LANDSCAPE 127

    11.1 INTRODUCTION 127

    FIGURE 34 NEW PRODUCT LAUNCH/DEVELOPMENT AND ACQUISITION ARE KEY GROWTH STRATEGIES ADOPTED BETWEEN 2015 AND 2020 127

    11.2 COMPETITIVE LEADERSHIP MAPPING 128

    11.2.1 VISIONARY LEADERS 128

    11.2.2 DYNAMIC DIFFERENTIATORS 128

    11.2.3 EMERGING COMPANIES 128

    11.2.4 INNOVATORS 128

    FIGURE 35 CNG, RNG, AND HYDROGEN TANKS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 129

    11.3 STRENGTH OF PRODUCT PORTFOLIO 130

    FIGURE 36 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CNG, RNG,

    AND HYDROGEN TANKS MARKET 130

    11.4 BUSINESS STRATEGY EXCELLENCE 131

    FIGURE 37 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CNG, RNG,

    AND HYDROGEN TANKS MARKET 131

    11.5 MARKET REVENUE ANALYSIS OF TOP PLAYERS 132

    FIGURE 38 REVENUE SHARE ANALYSIS OF THE PLAYERS, 2019 132

    11.6 COMPETITIVE SCENARIO 132

    11.6.1 NEW PRODUCT LAUNCH/NEW PRODUCT DEVELOPMENT 132

    TABLE 106 NEW PRODUCT LAUNCHES/NEW PRODUCT DEVELOPMENTS, 2015–2020 132

    11.6.2 ACQUISITION 133

    TABLE 107 ACQUISITIONS, 2015-2020 133

    11.6.3 AGREEMENT/CONTRACT 133

    TABLE 108 AGREEMENTS/CONTRACTS, 2015-2020 133

    11.6.4 EXPANSION 134

    TABLE 109 EXPANSION, 2015-2020 134

    12 COMPANY PROFILES 135

    (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*

    12.1 WORTHINGTON INDUSTRIES, INC. 135

    FIGURE 39 WORTHINGTON INDUSTRIES, INC.: COMPANY SNAPSHOT 135

    FIGURE 40 WORTHINGTON INDUSTRIES, INC.: SWOT ANALYSIS 137

    12.2 LUXFER GROUP 139

    FIGURE 41 LUXFER GROUP: COMPANY SNAPSHOT 139

    FIGURE 42 LUXFER GROUP: SWOT ANALYSIS 140

    12.3 HEXAGON COMPOSITES ASA 142

    FIGURE 43 HEXAGON COMPOSITES ASA: COMPANY SNAPSHOT 142

    FIGURE 44 HEXAGON COMPOSITES ASA: SWOT ANALYSIS 143

    12.4 QUANTUM FUEL SYSTEMS LLC. 145

    FIGURE 45 QUANTUM FUEL SYSTEMS LLC.: SWOT ANALYSIS 146

    12.5 EVEREST KANTO CYLINDERS LTD. 148

    FIGURE 46 EVEREST KANTO CYLINDERS LTD.: COMPANY SNAPSHOT 148

    FIGURE 47 EVEREST KANTO CYLINDERS LTD.: SWOT ANALYSIS 149

    12.6 PRAXAIR TECHNOLOGIES INC. 151

    12.7 AVANCO GROUP 152

    12.8 BEIJING TIANHAI INDUSTRY CO. LTD. 154

    12.9 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO. LTD. 155

    12.10 FABER INDUSTRIE SPA 156

    12.11 OTHER COMPANIES 158

    12.11.1 ULLIT SA 158

    12.11.2 AGILITY FUEL SOLUTIONS 158

    12.11.3 RAMA CYLINDERS PRIVATE LIMITED 158

    12.11.4 JPM GROUP 158

    12.11.5 SAHUWALA CYLINDERS LTD 158

    12.11.6 EURO INDIA CYLINDERS LTD 158

    12.11.7 CEVOTEC GMBH 159

    12.11.8 NPROXX 159

    12.11.9 STEELHEAD COMPOSITES, INC. 159

    12.11.10 JIANGSU QIULIN SPECIAL ENERGY EQUIPMENT JOINT STOCK LIMITED COMPANY 159

    *Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

    13 APPENDIX 160

    13.1 DISCUSSION GUIDE 160

    13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 162

    13.3 AVAILABLE CUSTOMIZATIONS 164

    13.4 RELATED REPORTS 164

    13.5 AUTHOR DETAILS 165

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CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon, Glass), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation) and Region - Global Forecast to 2025 | Download PDF Summary

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