Press release
CNG Tank Market By Product Type, End-Users/Application, In-Depth Analysis, Detailed Overview, And Forecast, 2021 – 2027
Latest released, the research study on Global CNG Tank Market Research Report 2021, report comprises growth rate, size, analysis by type, market segment by Application, market competition by manufacturers, share by region, manufacturing cost analysis, Also, the CNG Tank Market offers market breakdown, competitive situation and trends, key raw materials analysis, dynamics, forecast by type, by application and revenue estimates with covid-19 impact till 2027.Get Free sample copy of the report Here:
https://www.marketintelligencedata.com/reports/541007/global-cng-tank-sales-market-report-2021/inquiry?Mode=kalyani
The CNG Tank Market is expected to register a CAGR of 9.6% over the forecast period 2021 – 2027.
The study covers competitive landscape of top manufacturers are: Faber Industrie, Hexagon Composites ASA, Luxfer Gas Cylinder, Faber Industrie, Beijing Tianhai Industry, Worthington Cylinders GmbH, Quantum Fuel System Technologies, Everest Kanto Cylinder, Zhongyou Tongyong Luxi Natural Gas Equipment, FIBA Technologies, CIMC Enric Holdings, Sinoma Science & Technology(SuZhou)
Recent Developments:
In March 2021, Luxfer Group completed the acquisition of SCI (Structural Composites Industries, which is a business u of Worthington Industries). This acquisition is aimed to enhance the capabilities of the hydrogen and CNG gas businesses of Luxfer Group.
In January 2021, Worthington Industries, Inc. announced the acquisition of PTEC Pressure Technology GmbH. This acquisition is expected to develop the system capabilities of Worthington Industries, Inc.
In July 2020, Hexagon Purus received the first contract from a major US hydrogen fuel supplier to provide hydrogen transport modules in the US. The purchased transport modules are composed of Hexagon’s proprietary, lightweight, Type 4, 500 bar pressure vessels.
Global CNG Tank Market Segmentation:
Segmentation By Type:
Glass Fiber Composite Material
Carbon Fiber Composite
Metal Material
Segmentation By Application:
Shipping
Land Transportation
Regional Analysis:
For the projection period of 2021 to 2027, assumptions are made regarding the production volume and market share represented by each geography in the industry market. To help stakeholders make rapid and informed decisions, the CNG Tank Market study also delivers a regional market overview in terms of consumption value and volume, as well as pricing trends and profit margins.
The CNG Tank Market research offers an in-depth analysis of market growth and other factors in key nations (regions), including:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market Overview:
Hydrogen-powered cars are similar to electric cars. They have electric motors that drive the wheels like an electric car but, the difference is in their batteries. In an electric car, electrical power is stored in a conventional battery, while in a hydrogen car, the electricity is stored in the form of hydrogen and converted into electricity, in a device known as a fuel cell. Currently, the cost of storage tanks for cars is very high, which limits the use of these cars. A 5-kg tank for a car costs around USD 4,000-4,500, which itself is a huge price addition to the total cost of the car. Research is ongoing for developing Class 4-cylinder tanks made from lightweight carbon fiber in which the cost is being optimized by lowering the pressure of the gas stored.
Report Link:
https://www.marketintelligencedata.com/reports/541007/global-cng-tank-sales-market-report-2021?Mode=kalyani
Highlights of CNG Tank Market report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Buy Report Here:
https://www.marketintelligencedata.com/report/purchase/541007?mode=su?Mode=kalyani
Table of Contents:
Global CNG Tank Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global CNG Tank Market Forecast
Customization:
The Global CNG Tank Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
Impact of Covid-19:
The influence of COVID-19 on market growth is considered in the research. The effect of the COVID-19 epidemic on the CNG Tank Market and its major segments is enclosed in depth in this report. It also addresses the pandemic's present and future consequences, as well as a post-COVID-19 scenario to provide for a more in-depth knowledge of dynamic changes in the market.
About Us:
Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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