조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 조사년월 : 2023년08월
CNG, RNG 및 수소용 탱크 시장 : 가스 유형 (CNG, RNG, 수소), 재료 유형 (금속, 탄소 섬유, 유리 섬유), 탱크 유형 (유형 1, 유형 2, 유형 3, 유형 4), 용도 (연료, 수송), 지역별 – 2030년까지의 세계 예측
CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region – Global Forecasts to 2030
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세계의 압축천연가스(CNG), 재생가능천연가스(RNG), 수소용 탱크 시장은 현저한 발전이 기대되고 있으며, 2022년에는 25억 달러였던 시장규모가 2030년까지는 56억 달러 에 이르러 2023년부터 2030년까지 연평균 성장률(CAGR) 10.7%로 성장할 것으로 예측됩니다.
MarketsandMarkets「CNG, RNG 및 수소용 탱크 시장 : 가스 유형 (CNG, RNG, 수소), 재료 유형 (금속, 탄소 섬유, 유리 섬유), 탱크 유형 (유형 1, 유형 2, 유형 3, 유형 4), 용도 (연료, 수송), 지역별 – 2030년까지의 세계 예측 – CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region – Global Forecasts to 2030」는 세계의 압축천연가스(CNG), 재생가능천연가스(RNG), 수소용 탱크시장을 조사하여 주요 세그먼트별 분석 및 예측 결과를 제공합니다.
주요 게시물
- 시장 개관
- 인트로덕션
- 시장 역학
- 성장 촉진 요인
- 성장 억제 요인
- 기회
- 과제
- 파이브포스 분석
- 공급체인 분석
- 평균 판매 가격 동향
- 주요 이해관계자 및 구매 기준
- 기술 분석
- 에코시스템 매핑
- 가치 사슬 분석
- 사례 연구 분석
- 고객의 비즈니스에 영향을 미치는 동향 및 디스랩션
- 수출입 중요 시장
- 법규 환경
- 특허 분석
- 중요 회의 및 이벤트 2023-2024년
- 탱크 유형별 CNG, RNG, 수소 탱크 시장
- 유형 1
- 유형 2
- 유형 3
- 유형 4
- 가스 유형별 CNG, RNG, 수소 탱크 시장
- 압축 천연 가스(CNG)
- 수소
- 재생가스(RNG)
- 용도별 CNG, RNG, 수소 탱크 시장
- 연료 탱크
- 운송용 탱크
- 재료별 CNG, RNG, 수소 탱크 시장
- 금속
- 유리 섬유
- 탄소 섬유
- 지역별 CNG, RNG, 수소 탱크 시장
- 북미
- 아시아 태평양 지역
- 유럽
- 중동 및 아프리카
- 라틴 아메리카
- 경쟁 환경
- 시장 차량 패턴 분석
- 시장 순위
- 상위 플레이어 수익 분석
- 기업 평가 매트릭스
- 시장 평가 프레임워크
- 주요 스타트업/중소기업 경쟁 벤치마킹
- 시작/중소기업 평가 매트릭스
- 기업 정보
- 부록
Report Overview
The size of the global market for CNG, RNG, and hydrogen tanks is anticipated to develop significantly, rising from USD 2.5 billion in 2022 to USD 5.6 billion by 2030, with a predicted CAGR of 10.7% from 2023 to 2030.
Tanks made of CNG, RNG, and hydrogen provide a number of benefits, such as longevity, affordability, and environmental friendliness. These tanks are used as transportation tanks and fuel tanks. Based on the material used to make tanks, the market is divided into metal, carbon fiber and glass fiber segments.
“Hydrogen gas type is the fastest-growing segment in terms of both value and volume.”
Hydrogen gas is anticipated to experience the highest compound annual growth rate (CAGR) in terms of value between 2023 and 2030. Compared to other flammable fuels, particularly natural gas, hydrogen has the highest density per kilogram since it is the lightest and most prevalent element in the universe. However, storing and moving hydrogen present difficulties because of its high mass-energy density and light weight. Both chemical and physical approaches of hydrogen storage are possible. The key responses said that Type 3 and Type 4 tanks are the best options for fuel and transportation tank applications since Type 1 or Type 2 tanks run the risk of impregnating with metal particulates. The gaseous hydrogen is stored in high-pressure tanks of 350 bars to 700 bars which is the most preferred and widely commercialized method for its storage.
“Metal is the largest material type segment in terms volume.”
The manufacturing of CNG, RNG, and hydrogen tanks involves the use of different metals such as steel, aluminum, and metal alloys. Steel is commonly employed in Type 1, Type 2, and Type 3 cylinders. While the use of metal in these tanks increases their weight, it also offers sufficient protection to the cylinders. The durability of metal and metal-lined cylinders depends on the rate of fatigue crack growth throughout their lifecycle.
“Type 4 tanks are expected to project the maximum CAGR.”
The highest compound annual growth rate (CAGR) among all tank types is anticipated for Type 4 CNG, RNG and hydrogen tanks between 2023 and 2030. Type 4 tanks have increased storage capacities, improved safety measures, and less weight thanks to the use of innovative composite materials in their construction. The adoption of Type 4 tanks is being fueled by the rising desire for greener, more sustainable transportation options, which is also a factor in the market’s maximum CAGR prediction for these tanks.
“Fuel tank application dominated the CNG, RNG, and hydrogen tanks market in terms of value and volume both.”
For fuel tank applications, CNG, RNG, and hydrogen are widely used as substitute fuels for cars that traditionally run on gasoline and diesel. The automotive industry’s rising demand for these gasoline tanks can be ascribed to a number of factors, including their remarkable durability, cost effectiveness, and low CO2 emissions. automobiles fueled by natural gas tanks are less expensive than diesel-powered automobiles. Many different types of vehicles, including light-duty, medium-duty, and heavy-duty vehicles, use these gasoline tanks.
“Asia Pacific is the leading market for CNG, RNG, and hydrogen tanks.”
In terms of both value and volume, Asia Pacific is the leading market for CNG, RNG, and hydrogen tanks. The rising use of these tanks in different applications, particularly in transportation and fuel tanks, is the main driver of market expansion in the Asia Pacific region. This demand is significantly fueled by the impressive industrial development of nations like China, India, Pakistan, and Thailand. China has emerged as the top consumer of CNG, RNG, and hydrogen tanks in the automotive industry, and it is anticipated that it will continue to solidify its position. The governments of China and India both have a high priority on lowering air pollution, which has prompted them to encourage the use of natural gas vehicles and boosted the market growth for these tanks in those nations. Further boosting the expansion of the CNG, RNG, and hydrogen tanks market in the region is the active efforts being made by Asia Pacific governments to promote the use of alternative fuels and lower emissions in urban areas.
Breakdown of Profiles of Primary Interviews:
- By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
- By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
- By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) – 20%, Latin America-10%, Middle East & Africa (MEA)-5%
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 2030. 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.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CNG, RNG, and hydrogen tanks market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing use of natural gas in automotive industry), restraints (Limited availability of hydrogen and CNG refueling infrastructure in developed economies), opportunities (Emergence of lightweight composite material based CNG cylinders), and challenges (Impact of fluctuating oil prices on the CNG, RNG, and hydrogen tanks market) influencing the growth of the CNG, RNG, and hydrogen tanks market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the CNG, RNG, and hydrogen tanks market
- Market Development: Comprehensive information about lucrative markets – the report analyses the CNG, RNG, and hydrogen tanks market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the CNG, RNG, and hydrogen tanks market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like include 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), among others in the CNG, RNG, and hydrogen tanks market
목차
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 37
1.3 INCLUSIONS & EXCLUSIONS 38
1.4 MARKET SCOPE 38
FIGURE 1 CNG, RNG, AND HYDROGEN TANKS MARKET SEGMENTATION 38
1.4.1 REGIONS COVERED 39
1.4.2 YEARS CONSIDERED 39
1.5 CURRENCY CONSIDERED 40
1.6 UNIT CONSIDERED 40
1.7 LIMITATIONS 40
1.8 STAKEHOLDERS 40
1.9 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH APPROACH 42
FIGURE 2 CNG, RNG, AND HYDROGEN TANKS MARKET: RESEARCH DESIGN 43
2.2 BASE NUMBER CALCULATION 44
2.2.1 SUPPLY-SIDE APPROACH 44
2.2.2 DEMAND-SIDE APPROACH 44
2.2.2.1 Approach 1: Through application 44
2.2.2.2 Approach 2: Through gas type 44
2.3 IMPACT OF RECESSION 45
2.4 FORECAST NUMBER CALCULATION 45
2.4.1 SUPPLY SIDE 45
2.4.2 DEMAND SIDE 45
2.5 RESEARCH DATA 46
2.5.1 SECONDARY DATA 46
2.5.1.1 Key data from secondary sources 46
2.5.2 PRIMARY DATA 47
2.5.2.1 Key primary participants 47
2.5.2.2 Breakdown of primary interviews 47
2.5.2.3 Key industry insights 48
2.6 MARKET SIZE ESTIMATION 49
2.6.1 BOTTOM-UP APPROACH 49
FIGURE 3 CNG, RNG, AND HYDROGEN TANKS MARKET: BOTTOM-UP APPROACH 49
2.6.2 TOP-DOWN APPROACH 50
FIGURE 4 CNG, RNG, AND HYDROGEN TANKS MARKET: TOP-DOWN APPROACH 50
2.7 DATA TRIANGULATION 50
FIGURE 5 CNG, RNG, AND HYDROGEN TANKS MARKET: DATA TRIANGULATION 51
2.8 FACTOR ANALYSIS 52
2.9 ASSUMPTIONS 52
2.10 LIMITATIONS & RISKS 53
3 EXECUTIVE SUMMARY 54
FIGURE 6 CNG TANKS WAS LARGEST SEGMENT OF CNG, RNG, AND HYDROGEN TANKS MARKET IN 2022 55
FIGURE 7 CARBON FIBER-BASED CNG, RNG, AND HYDROGEN TANKS REGISTER HIGHEST CAGR 56
FIGURE 8 FUEL TANK APPLICATION DOMINATED THE MARKET IN 2022 56
FIGURE 9 TYPE 1 SEGMENT DOMINATED THE MARKET IN 2022 57
FIGURE 10 ASIA PACIFIC LED CNG, RNG, AND HYDROGEN TANKS MARKET IN 2022 58
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CNG, RNG, AND HYDROGEN TANKS MARKETS 59
FIGURE 11 SIGNIFICANT GROWTH PROJECTED IN GLOBAL MARKET BETWEEN 2023 AND 2030 59
4.2 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE AND REGION, 2022 60
FIGURE 12 TYPE 1 SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE IN 2022 60
4.3 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2022 60
FIGURE 13 METAL SEGMENT DOMINATED MARKET 60
4.4 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2022 61
FIGURE 14 FUEL TANK APPLICATION DOMINATED MARKET 61
4.5 CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 61
FIGURE 15 CNG DOMINATED MARKET 61
4.6 CNG, RNG, AND HYDROGEN TANKS MARKET GROWTH, BY KEY COUNTRY 62
FIGURE 16 INDIA TO BE FASTEST-GROWING CNG TANKS MARKET, (2023–2030) 62
5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.2.1 DRIVERS 63
5.2.1.1 Increasing use of natural gas in automotive industry 63
5.2.1.2 Increasing tax incentives for CNG vehicles and infrastructure 64
5.2.1.3 Increased demand for natural gas vehicles 64
5.2.1.4 Rising environmental awareness of benefits of natural gas 65
5.2.2 RESTRAINTS 65
5.2.2.1 Limited availability of hydrogen and CNG refueling infrastructure in emerging economies 65
5.2.2.2 High cost of composite material tanks and regulatory approvals 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Emergence of lightweight composite material based CNG cylinders 66
5.2.3.2 Development of lightweight transportation tanks 66
5.2.4 CHALLENGES 67
5.2.4.1 Impact of fluctuating oil prices on the CNG, RNG, and hydrogen tanks market 67
5.2.4.2 Development of electric cars 67
5.3 PORTER’S FIVE FORCES ANALYSIS 67
FIGURE 18 CNG, RNG, AND HYDROGEN TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS 68
5.3.1 BARGAINING POWER OF BUYERS 68
5.3.2 BARGAINING POWER OF SUPPLIERS 69
5.3.3 THREAT OF NEW ENTRANTS 69
5.3.4 THREAT OF SUBSTITUTES 69
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 70
TABLE 1 CNG, RNG, AND HYDROGEN TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS 70
5.4 SUPPLY CHAIN ANALYSIS 70
TABLE 2 CNG, RNG, AND HYDROGEN TANKS MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM 70
5.5 PRICING ANALYSIS 71
5.5.1 AVERAGE SELLING PRICE, BY APPLICATION (KEY PLAYERS) 71
FIGURE 19 AVERAGE SELLING PRICE FOR CNG, RNG, AND HYDROGEN TANKS (THOUSAND USD/UNIT) 71
5.5.2 AVERAGE SELLING PRICE, BY GAS TYPE (KEY PLAYERS) 72
FIGURE 20 AVERAGE SELLING PRICE FOR GAS TYPE (THOUSAND/UNIT) 72
5.5.3 AVERAGE SELLING PRICE, BY TANK TYPE (KEY PLAYERS) 72
FIGURE 21 AVERAGE SELLING PRICE FOR TANK TYPE (THOUSAND/UNIT) 72
5.5.4 AVERAGE SELLING PRICE, BY MATERIAL TYPE (KEY PLAYERS) 73
FIGURE 22 AVERAGE SELLING PRICE BASED ON MATERIAL TYPE (THOUSAND/UNIT) 73
5.5.5 AVERAGE SELLING PRICE, BY APPLICATION (KEY PLAYERS) 73
FIGURE 23 AVERAGE SELLING PRICE BASED ON APPLICATION (THOUSAND/UNIT) 73
5.6 AVERAGE SELLING PRICE TREND 74
TABLE 3 CNG, RNG, AND HYDROGEN: AVERAGE SELLING PRICE IN CNG, LNG, AND HYDROGEN TANKS MARKET, BY REGION 74
5.7 KEY STAKEHOLDERS & BUYING CRITERIA 74
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 APPLICATIONS 74
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS 75
5.7.2 BUYING CRITERIA 75
FIGURE 25 KEY BUYING CRITERIA FOR TOP 2 APPLICATIONS 75
TABLE 5 KEY BUYING CRITERIA FOR TOP 2 APPLICATIONS 75
5.8 TECHNOLOGY ANALYSIS 76
5.9 ECOSYSTEM MAPPING 77
5.10 VALUE CHAIN ANALYSIS 77
FIGURE 26 VALUE CHAIN ANALYSIS: CNG, RNG, AND HYDROGEN TANKS MARKET 77
5.10.1 RAW MATERIALS 78
5.10.2 MANUFACTURING 78
5.10.3 APPLICATIONS AND END-USE INDUSTRIES 78
5.11 CASE STUDY ANALYSIS 78
5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 79
5.13 KEY MARKETS FOR IMPORT/EXPORT 79
5.13.1 CHINA 79
5.13.2 ITALY 80
5.13.3 US 80
5.13.4 UKRAINE 80
5.13.5 ARMENIA 80
5.14 REGULATORY LANDSCAPE 80
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 9 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
5.14.2 STANDARDS FOR CNG, RNG, AND HYDROGEN TANKS MARKET 83
TABLE 10 CURRENT STANDARD CODES FOR CNG, RNG, AND HYDROGEN TANKS MARKET 83
5.15 PATENT ANALYSIS 85
5.15.1 INTRODUCTION 85
5.15.2 METHODOLOGY 85
5.15.3 DOCUMENT TYPE 85
TABLE 11 HYDROGEN TANKS MARKET: GLOBAL PATENTS 86
FIGURE 27 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 86
FIGURE 28 GLOBAL PATENT PUBLICATION TREND: 2012–2022 86
5.15.4 INSIGHTS 87
5.15.5 LEGAL STATUS OF PATENTS 87
FIGURE 29 HYDROGEN TANKS MARKET: LEGAL STATUS OF PATENTS 87
5.15.6 JURISDICTION ANALYSIS 87
FIGURE 30 GLOBAL JURISDICTION ANALYSIS 87
5.15.7 ANALYSIS OF TOP APPLICATNS 88
FIGURE 31 CHINA PETROLEUM & CHEM CORP. REGISTERED HIGHEST NUMBER OF PATENTS 88
5.15.8 PATENTS BY CHINA PETROLEUM & CHEM CORP. 88
5.15.9 PATENTS BY SINOPEC ENGINEERING GROUP CO. 89
5.15.10 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 89
5.16 KEY CONFERENCES & EVENTS IN 2023-2024 90
TABLE 12 CONFERENCES & EVENTS 90
6 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE 92
6.1 INTRODUCTION 93
FIGURE 32 TYPE 1 CYLINDER SEGMENT TO DOMINATE CNG, RNG, AND HYDROGEN TANKS MARKET 93
TABLE 13 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 93
TABLE 14 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 94
TABLE 15 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 94
TABLE 16 CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 94
6.2 TYPE 1 95
6.2.1 AFFORDABLE AND COST-EFFECTIVE FUEL TANK APPLICATION TO DRIVE MARKET 95
FIGURE 33 DEMAND FOR TYPE 1 CYLINDER TANKS TO BE HIGHEST IN ASIA PACIFIC 95
TABLE 17 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 95
TABLE 18 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 96
TABLE 19 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 96
TABLE 20 TYPE 1: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 96
6.3 TYPE 2 97
6.3.1 INCREASING DEMAND FROM TYPE 2 APPLICATIONS TO DRIVE MARKET 97
TABLE 21 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 22 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 97
TABLE 23 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 98
TABLE 24 TYPE 2: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 98
6.4 TYPE 3 99
6.4.1 HIGH STRENGTH AND EXTRA IMPACT RESISTANCE QUALITIES OF TYPE 3 TO DRIVE MARKET 99
TABLE 25 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 26 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 99
TABLE 27 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 100
TABLE 28 TYPE 3: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 100
6.5 TYPE 4 101
6.5.1 INCREASING DEMAND FOR LIGHT CYLINDERS TO DRIVE MARKET 101
TABLE 29 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 30 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 101
TABLE 31 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 102
TABLE 32 TYPE 4: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 102
7 CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE 103
7.1 INTRODUCTION 104
FIGURE 34 CNG GAS SEGMENT TO LEAD CNG, RNG, AND HYDROGEN TANKS MARKET 104
TABLE 33 CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 104
TABLE 34 CNG, RNG, AND HYDROGEN TANKS MARKET, GAS TYPE, 2018–2022 (THOUSAND UNIT) 105
TABLE 35 CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 105
TABLE 36 CNG, RNG, AND HYDROGEN TANKS MARKET, GAS TYPE, 2023–2030 (THOUSAND UNIT) 105
7.2 CNG 106
7.2.1 INCREASING DEMAND FROM AUTOMOTIVE SECTOR TO DRIVE MARKET 106
FIGURE 35 DEMAND FOR CNG TO BE HIGHEST IN ASIA PACIFIC 106
TABLE 37 CNG TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 38 CNG TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 107
TABLE 39 CNG TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 107
TABLE 40 CNG TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 107
TABLE 41 CNG TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 108
TABLE 42 CNG TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 108
TABLE 43 CNG TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 108
TABLE 44 CNG TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 108
7.3 HYDROGEN 109
7.3.1 HIGH MASS-ENERGY DENSITY QUALITY COMPARED TO OTHER COMBUSTIBLE FUELS TO DRIVE MARKET 109
TABLE 45 HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 109
TABLE 46 HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 110
TABLE 47 HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 110
TABLE 48 HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 110
TABLE 49 HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 111
TABLE 50 HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 111
TABLE 51 HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 111
TABLE 52 HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 111
7.4 RNG 112
7.4.1 INCREASING DEMAND FOR RENEWABLE FUEL TO DRIVE MARKET 112
TABLE 53 RNG TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 54 RNG TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 112
TABLE 55 RNG TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 113
TABLE 56 RNG TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 113
TABLE 57 RNG TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 113
TABLE 58 RNG TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 114
TABLE 59 RNG TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 114
TABLE 60 RNG TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 114
8 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION 115
8.1 INTRODUCTION 116
FIGURE 36 FUEL TANK APPLICATION TO DOMINATE CNG, RNG, AND HYDROGEN TANKS MARKET 116
TABLE 61 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 116
TABLE 62 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNITS) 116
TABLE 63 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 117
TABLE 64 CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNITS) 117
8.2 FUEL TANK 117
8.2.1 DURABLE, CHEAPER, AND LOWER CO2 EMISSION TO DRIVE MARKET 117
8.2.2 LIGHT-DUTY VEHICLES 117
8.2.3 MEDIUM-DUTY VEHICLES 118
8.2.4 HEAVY-DUTY VEHICLES 118
FIGURE 37 DEMAND FOR FUEL TANKS TO BE HIGHEST IN ASIA PACIFIC 119
TABLE 65 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 66 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 119
TABLE 67 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 120
TABLE 68 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNITS) 120
TABLE 69 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 121
TABLE 70 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNITS) 121
TABLE 71 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 121
TABLE 72 FUEL TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNITS) 121
8.3 TRANSPORTATION TANK 122
8.3.1 WEIGHT REDUCTION QUALITIES OF TANKS TO DRIVE MARKET 122
TABLE 73 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 74 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 122
TABLE 75 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 123
TABLE 76 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNITS) 123
TABLE 77 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 124
TABLE 78 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNITS) 124
TABLE 79 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 124
TABLE 80 TRANSPORTATION TANK: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNITS) 125
9 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL 126
9.1 INTRODUCTION 127
FIGURE 38 METAL SEGMENT TO LEAD CNG, RNG, AND HYDROGEN TANKS MARKET 127
TABLE 81 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 128
TABLE 82 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 128
TABLE 83 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 128
TABLE 84 CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 128
9.2 METAL 129
9.2.1 INCREASING DEMAND FOR CHEAP RAW MATERIAL TO DRIVE MARKET 129
FIGURE 39 DEMAND FOR METAL TO BE HIGHEST IN ASIA PACIFIC 129
TABLE 85 METAL TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 86 METAL TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 129
TABLE 87 METAL TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 130
TABLE 88 METAL TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 130
9.3 GLASS FIBER 131
9.3.1 INCREASING DEMAND FOR LIGHTER TRADITIONAL STEEL TO DRIVE MARKET 131
TABLE 89 GLASS FIBER TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 131
TABLE 90 GLASS FIBER TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 131
TABLE 91 GLASS FIBER TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 132
TABLE 92 GLASS FIBER TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 132
9.4 CARBON FIBER 132
9.4.1 INCREASED USE OF HIGH-VALUE APPLICATIONS TO DRIVE MARKET 132
TABLE 93 CARBON FIBER TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 133
TABLE 94 CARBON FIBER TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 133
TABLE 95 CARBON FIBER TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 133
TABLE 96 CARBON FIBER TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 134
10 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION 135
10.1 INTRODUCTION 136
FIGURE 40 INDIA TO BE THE FASTEST-GROWING CNG TANKS MARKET 136
TABLE 97 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (USD MILLION) 137
TABLE 98 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2018–2022 (THOUSAND UNIT) 137
TABLE 99 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (USD MILLION) 137
TABLE 100 CNG, RNG, AND HYDROGEN TANKS MARKET, BY REGION, 2023–2030 (THOUSAND UNIT) 138
10.2 NORTH AMERICA 139
FIGURE 41 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 139
10.3 RECESSION IMPACT 139
TABLE 101 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 140
TABLE 102 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 140
TABLE 103 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 140
TABLE 104 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 140
TABLE 105 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 141
TABLE 106 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 141
TABLE 107 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 142
TABLE 108 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 142
TABLE 109 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 142
TABLE 110 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNIT) 143
TABLE 111 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 143
TABLE 112 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNIT) 143
TABLE 113 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 144
TABLE 114 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 144
TABLE 115 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 144
TABLE 116 NORTH AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 145
TABLE 117 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 145
TABLE 118 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 145
TABLE 119 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 145
TABLE 120 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 146
TABLE 121 NORTH AMERICA: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 146
TABLE 122 NORTH AMERICA: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 146
TABLE 123 NORTH AMERICA: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 146
TABLE 124 NORTH AMERICA: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 147
TABLE 125 NORTH AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 147
TABLE 126 NORTH AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 147
TABLE 127 NORTH AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 147
TABLE 128 NORTH AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 148
10.3.1 US 148
10.3.1.1 Presence of major CNG, RNG, and hydrogen tank manufacturers to drive market 148
10.3.2 CANADA 149
10.3.2.1 Increasing tax incentives for NGVs to drive market 149
10.4 ASIA PACIFIC 149
FIGURE 42 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 150
10.4.1 RECESSION IMPACT 150
TABLE 129 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 151
TABLE 130 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 151
TABLE 131 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 151
TABLE 132 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 151
TABLE 133 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 152
TABLE 134 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 152
TABLE 135 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 152
TABLE 136 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 153
TABLE 137 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 153
TABLE 138 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNIT) 153
TABLE 139 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 154
TABLE 140 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNIT) 154
TABLE 141 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 154
TABLE 142 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 155
TABLE 143 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 155
TABLE 144 ASIA PACIFIC: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 155
TABLE 145 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 156
TABLE 146 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 156
TABLE 147 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 156
TABLE 148 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 157
TABLE 149 ASIA PACIFIC: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 157
TABLE 150 ASIA PACIFIC: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 157
TABLE 151 ASIA PACIFIC: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 158
TABLE 152 ASIA PACIFIC: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 158
TABLE 153 ASIA PACIFIC: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 158
TABLE 154 ASIA PACIFIC: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 159
TABLE 155 ASIA PACIFIC: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 159
TABLE 156 ASIA PACIFIC: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 159
10.4.1.1 China 160
10.4.1.1.1 Growing automotive industry to drive market 160
10.4.1.2 Pakistan 160
10.4.1.2.1 Government initiatives to drive market for natural gas 160
10.4.1.3 India 161
10.4.1.3.1 Low running cost and eco-friendliness of CNG to drive market 161
10.4.1.4 Thailand 161
10.4.1.4.1 Infrastructure constraints to drive market 161
10.4.1.5 Rest of Asia Pacific 161
10.5 EUROPE 162
FIGURE 43 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET SNAPSHOT 162
10.5.1 RECESSION IMPACT 163
TABLE 157 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 163
TABLE 158 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 163
TABLE 159 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 164
TABLE 160 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 164
TABLE 161 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 164
TABLE 162 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 165
TABLE 163 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 165
TABLE 164 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 165
TABLE 165 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 166
TABLE 166 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNIT) 166
TABLE 167 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 166
TABLE 168 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNIT) 167
TABLE 169 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 167
TABLE 170 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 167
TABLE 171 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 168
TABLE 172 EUROPE: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 168
TABLE 173 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 169
TABLE 174 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 169
TABLE 175 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 170
TABLE 176 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 170
TABLE 177 EUROPE: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 171
TABLE 178 EUROPE: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 171
TABLE 179 EUROPE: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 172
TABLE 180 EUROPE: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 172
TABLE 181 EUROPE: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 173
TABLE 182 EUROPE: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 173
TABLE 183 EUROPE: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 173
TABLE 184 EUROPE: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 174
10.5.1.1 Germany 174
10.5.1.1.1 Low tax rates to drive market 174
10.5.1.2 France 175
10.5.1.2.1 Increased use of natural gas-driven fuel tanks to drive market 175
10.5.1.3 UK 175
10.5.1.3.1 Significant investments by UK government to increase hydrogen production to drive market 175
10.5.1.4 Spain 175
10.5.1.4.1 Increasing demand from NGVs to drive market 175
10.5.1.5 Italy 175
10.5.1.5.1 Reduced taxes on natural gas to drive market 175
10.5.1.6 Russia 176
10.5.1.6.1 Developed natural gas infrastructure to drive market 176
10.5.1.7 Sweden 176
10.5.1.7.1 Government initiatives to promote use of NGVs to drive market 176
10.5.1.8 Ukraine 176
10.5.1.8.1 High demand for CNG vehicles to drive market 176
10.5.1.9 Armenia 177
10.5.1.9.1 Increasing demand for affordable fuel to drive market 177
10.5.1.10 Bulgaria 177
10.5.1.10.1 Increasing demand for CNG-driven vehicles to drive market growth 177
10.5.1.11 Switzerland 177
10.5.1.11.1 Bi-fuel vehicles to generate demand for CNG and RNG tanks 177
10.5.1.12 Austria 177
10.5.1.12.1 Initiatives taken to promote CNG to commute to drive market 177
10.5.1.13 Netherlands 178
10.5.1.13.1 Increasing demand for clean fuel to drive market 178
10.5.1.14 Rest of Europe 178
10.6 MIDDLE EAST & AFRICA 178
FIGURE 44 IRAN IS THE LARGEST MARKET FOR CNG TANKS 178
10.6.1 RECESSION IMPACT 179
TABLE 185 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 179
TABLE 186 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 179
TABLE 187 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 179
TABLE 188 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 180
TABLE 189 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 180
TABLE 190 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 180
TABLE 191 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 181
TABLE 192 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 181
TABLE 193 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 181
TABLE 194 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNIT) 181
TABLE 195 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 182
TABLE 196 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNIT) 182
TABLE 197 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 183
TABLE 198 MIDDLE EAST & AFRICA CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 183
TABLE 199 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 183
TABLE 200 MIDDLE EAST & AFRICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 184
TABLE 201 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 184
TABLE 202 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 184
TABLE 203 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 185
TABLE 204 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 185
TABLE 205 MIDDLE EAST & AFRICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 185
TABLE 206 MIDDLE EAST & AFRICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 186
TABLE 207 MIDDLE EAST & AFRICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 186
TABLE 208 MIDDLE EAST & AFRICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 186
10.6.1.1 Iran 187
10.6.1.1.1 Five-year investment plan to promote use of NGVs to drive market 187
10.6.1.2 Uzbekistan 187
10.6.1.2.1 Adoption of natural gas to drive market 187
10.6.1.3 Rest of Middle East & Africa 187
10.7 LATIN AMERICA 187
FIGURE 45 HIGH CAGR IS DUE TO GROWING AUTOMOTIVE INDUSTRY IN BRAZIL 187
10.7.1 RECESSION IMPACT 188
TABLE 209 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 188
TABLE 210 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNIT) 188
TABLE 211 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 188
TABLE 212 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY APPLICATION, 2023–2030 (THOUSAND UNIT) 189
TABLE 213 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (USD MILLION) 189
TABLE 214 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2018–2022 (THOUSAND UNIT) 189
TABLE 215 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (USD MILLION) 190
TABLE 216 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY TANK TYPE, 2023–2030 (THOUSAND UNIT) 190
TABLE 217 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (USD MILLION) 190
TABLE 218 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2018–2022 (THOUSAND UNIT) 191
TABLE 219 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (USD MILLION) 191
TABLE 220 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY GAS TYPE, 2023–2030 (THOUSAND UNIT) 191
TABLE 221 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 192
TABLE 222 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2018–2022 (THOUSAND UNIT) 192
TABLE 223 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (USD MILLION) 192
TABLE 224 LATIN AMERICA: CNG, RNG, AND HYDROGEN TANKS MARKET, BY MATERIAL, 2023–2030 (THOUSAND UNIT) 193
TABLE 225 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 193
TABLE 226 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 193
TABLE 227 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 194
TABLE 228 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 194
TABLE 229 LATIN AMERICA: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 194
TABLE 230 LATIN AMERICA: RNG TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 195
TABLE 231 LATIN AMERICA: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 195
TABLE 232 LATIN AMERICA: RNG TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 195
TABLE 233 LATIN AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 195
TABLE 234 LATIN AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNIT) 196
TABLE 235 LATIN AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 196
TABLE 236 LATIN AMERICA: HYDROGEN TANKS MARKET, BY COUNTRY, 2023–2030 (THOUSAND UNIT) 196
10.7.1.1 Brazil 197
10.7.1.1.1 Promotion of CNG-converted vehicles to drive market 197
10.7.1.2 Argentina 197
10.7.1.2.1 Strengthening of refueling network to drive market 197
10.7.1.3 Rest of Latin America 197
11 COMPETITIVE LANDSCAPE 198
11.1 OVERVIEW 198
11.2 MARKET SHARE ANALYSIS 198
FIGURE 46 MARKET SHARE OF TOP COMPANIES IN THE CNG, RNG, AND HYDROGEN TANKS MARKET, 2022 198
TABLE 237 DEGREE OF COMPETITION: CNG, RNG, AND HYDROGEN TANKS MARKET 199
11.3 MARKET RANKING 199
FIGURE 47 RANKING OF TOP FIVE PLAYERS IN THE CNG, RNG, AND HYDROGEN TANKS MARKET 200
11.4 REVENUE ANALYSIS OF TOP PLAYERS 200
FIGURE 48 REVENUE ANALYSIS OF TOP PLAYERS IN CNG, RNG, AND HYDROGEN TANKS MARKET 200
11.5 COMPANY EVALUATION MATRIX 201
TABLE 238 COMPANY PRODUCT FOOTPRINT 201
TABLE 239 COMPANY END-USE APPLICATION FOOTPRINT 201
TABLE 240 COMPANY REGION FOOTPRINT 202
11.5.1 STARS 203
11.5.2 PERVASIVE PLAYERS 203
11.5.3 EMERGING LEADERS 203
11.5.4 PARTICIPANTS 203
FIGURE 49 COMPETITIVE LEADERSHIP MAPPING, 2022 204
11.6 MARKET EVALUATION FRAMEWORK 205
TABLE 241 PRODUCT DEVELOPMENTS, 2018–2023 205
TABLE 242 DEALS, 2016-2023 206
TABLE 243 CNG, RNG, AND HYDROGEN TANKS MARKET: OTHERS, 2016-2023 207
11.7 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 207
TABLE 244 CNG, RNG, AND HYDROGEN TANKS MARKET: KEY STARTUPS/SMES 207
TABLE 245 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 208
11.8 START-UP/ SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 209
11.8.1 PROGRESSIVE COMPANIES 209
11.8.2 RESPONSIVE COMPANIES 209
11.8.3 DYNAMIC COMPANIES 209
11.8.4 STARTING BLOCKS 209
FIGURE 50 CNG, RNG, AND HYDROGEN TANKS MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022 210
12 COMPANY PROFILES 211
(Business overview, Products offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS 211
12.1.1 WORTHINGTON INDUSTRIES, INC. 211
TABLE 246 WORTHINGTON INDUSTRIES, INC.: COMPANY OVERVIEW 211
FIGURE 51 WORTHINGTON INDUSTRIES, INC.: COMPANY SNAPSHOT 212
TABLE 247 WORTHINGTON INDUSTRIES, INC.: NEW PRODUCT DEVELOPMENT 213
TABLE 248 WORTHINGTON INDUSTRIES, INC.: DEALS 213
12.1.2 LUXFER GROUP 215
TABLE 249 LUXFER GROUP: COMPANY OVERVIEW 215
FIGURE 52 LUXFER GROUP: COMPANY SNAPSHOT 216
TABLE 250 LUXFER GROUP: NEW PRODUCT DEVELOPMENT 217
TABLE 251 LUXFER GROUP: DEALS 217
12.1.3 HEXAGON COMPOSITES ASA 219
TABLE 252 HEXAGON COMPOSITES ASA: COMPANY OVERVIEW 219
FIGURE 53 HEXAGON COMPOSITES ASA: COMPANY SNAPSHOT 220
TABLE 253 HEXAGON COMPOSITES ASA: DEALS 221
TABLE 254 HEXAGON COMPOSITES ASA: OTHER DEALS 221
12.1.4 QUANTUM FUEL SYSTEMS LLC. 223
TABLE 255 QUANTUM FUEL SYSTEMS LLC.: COMPANY OVERVIEW 223
TABLE 256 QUANTUM FUEL SYSTEMS LLC.: DEALS 223
12.1.5 EVEREST KANTO CYLINDER LTD. 225
TABLE 257 EVEREST KANTO CYLINDER LTD.: COMPANY OVERVIEW 225
FIGURE 54 EVEREST KANTO CYLINDER LTD.: COMPANY SNAPSHOT 226
12.1.6 PRAXAIR TECHNOLOGIES INC. 228
TABLE 258 PRAXAIR TECHNOLOGIES INC.: COMPANY OVERVIEW 228
12.1.7 AVANCO GROUP 230
TABLE 259 AVANCO GROUP: COMPANY OVERVIEW 230
TABLE 260 AVANCO GROUP: DEALS 231
12.1.8 BEIJING TIANHAI INDUSTRY CO. LTD. 232
TABLE 261 BEIJING TIANHAI INDUSTRY CO. LTD.: COMPANY OVERVIEW 232
12.1.9 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO. LTD. 234
TABLE 262 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO. LTD.: COMPANY OVERVIEW 234
12.1.10 FABER INDUSTRIE SPA 236
TABLE 263 FABER INDUSTRIE SPA: COMPANY OVERVIEW 236
TABLE 264 FABER INDUSTRIE SPA: NEW PRODUCT DEVELOPMENT 237
12.1.11 COMPOSITES ADVANCED TECHNOLOGIES, LLC. (CATEC GASES) 238
TABLE 265 COMPOSITES ADVANCED TECHNOLOGIES, LLC.: COMPANY OVERVIEW 238
12.1.12 CIMC ENRIC 240
TABLE 266 CIMC ENRIC: COMPANY OVERVIEW 240
FIGURE 55 CIMC ENRIC: COMPANY SNAPSHOT 241
TABLE 267 CIMC ENRIC: DEALS 242
12.1.13 LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD. 243
TABLE 268 LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD.: COMPANY OVERVIEW 243
12.1.14 SINOCLEANSKY 244
TABLE 269 SINOCLEANSKY: BUSINESS OVERVIEW 244
12.2 OTHER PLAYERS 245
12.2.1 LINDE PLC 245
TABLE 270 LINDE PLC: COMPANY OVERVIEW 245
12.2.2 ULLIT SA 246
TABLE 271 ULLIT SA: COMPANY OVERVIEW 246
12.2.3 AGILITY FUEL SOLUTIONS 246
TABLE 272 AGILITY FUEL SOLUTIONS: COMPANY OVERVIEW 246
12.2.4 RAMA CYLINDERS PRIVATE LIMITED 247
TABLE 273 RAMA CYLINDERS PRIVATE LIMITED: COMPANY OVERVIEW 247
12.2.5 JPM GROUP 247
TABLE 274 JPM GROUP: COMPANY OVERVIEW 247
12.2.6 SAHUWALA CYLINDERS PVT. LTD. 248
TABLE 275 SAHUWALA CYLINDERS LTD.: COMPANY OVERVIEW 248
12.2.7 EURO INDIA CYLINDERS LTD. 248
TABLE 276 EURO INDIA CYLINDERS LTD.: COMPANY OVERVIEW 248
12.2.8 CEVOTEC GMBH 249
TABLE 277 CEVOTEC GMBH: COMPANY OVERVIEW 249
12.2.9 NPROXX 249
TABLE 278 NPROXX: COMPANY OVERVIEW 249
12.2.10 STEELHEAD COMPOSITES, INC. 250
TABLE 279 STEELHEAD COMPOSITES, INC.: COMPANY OVERVIEW 250
12.2.11 JIANGSU QIULIN SPECIAL ENERGY EQUIPMENT JOINT STOCK LIMITED COMPANY 250
TABLE 280 JIANGSU QIULIN SPECIAL ENERGY EQUIPMENT JOINT STOCK LIMITED COMPANY: COMPANY OVERVIEW 250
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 251
13.1 DISCUSSION GUIDE 251
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 253
13.3 CUSTOMIZATION OPTIONS 255
13.4 RELATED REPORTS 255
13.5 AUTHOR DETAILS 256
