Frequently Asked Questions
CNG, RNG, and hydrogen tanks market will reach an estimated valuation of USD 1.80 billion by 2028, while registering this growth at a rate of 8.20% for the forecast period of 2021 to 2028.
The major players covered in the CNG, RNG and hydrogen tanks market report are Worthington Industries, Inc.; Luxfer Gas Cylinders; Hexagon Composites ASA; Quantum Fuel Systems LLC.; EKC; Praxair S.T. Technology, Inc.; AVANCO GmbH; Beijing Tianhai Industry co.,Ltd.; Lianyungang Zhongfu Lianzhong Composites Group Co.,Ltd; FABER INDUSTRIE SPA; Ullit; Agility Fuel Solutions; Rama Cylinders Private Limited Mumbai India.; JPM Group; SAHUWALA CYLINDERS (P) LIMITED; Euro India Cylinders Limited; Cevotec GmbH; NPROXX; Steelhead Composites, INC.; Jiangsu Qiulin Special Equipment
Limited availability of hydrogen and CNG refueling infrastructure in developed economies along with the high cost of composite material tanks and regulatory approvals which will likely act as market restraints factor for the growth of the CNG, RNG, and hydrogen tanks market
CNG, RNG, and hydrogen tanks market is segmented on the basis of gas type, material, tank type, and application.
The growing demand for CNG, hydrogen, and RNG tanks across the globe, rising environmental awareness to increase natural gas demand, increasing tax incentives for CNG vehicles and infrastructure, and rising demand for the product as they are durable, cheaper, and most importantly eco-friendly, increasing adoption of improved manufacturing technology for tanks are some of the major as well as vital factors which will likely to augment the growth of the CNG, RNG, and hydrogen tanks market
