North America Gas Cylinder Market Growing with a CAGR of 4.6%,size,Industry Trends, Regional Outlook, Consumer Profiles, Company Revenue Share and Forecast to 2030

North America Gas Cylinder market report makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. By understanding client's requirements precisely and following them firmly, this market research report has been structured. This report studies market attributes, industry structure, and competitive scenario, the problems, desire concepts, together with business strategies, market effectiveness, investment research and new business challenges. In the superior North America Gas Cylinder market report, the complete and crystal clear outline of the North America Gas Cylinder market is penned down which is useful for many businesses.

Besides, the winning North America Gas Cylinder report gives insights into revenue growth and sustainability initiative. With this report not only an unskilled individual but also a professional can easily extrapolate the entire market within a few seconds. This business report provides key statistics on the market status of global and regional manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The info covered helps businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm's products.

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An increase in demand for medical oxygen cylinders is an important driver for the North America gas cylinder market. The rise in the consumption of L.P.G. cylinders for various applications is gaining prominence. An increase in the number of government activities aimed at increasing consumer awareness and demand for gas cylinders in various sectors are expected to propel the growth of the North America gas cylinder market.

The gas cylinder market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6% in the forecast period of 2023 to 2030 and is expected to reach USD 1,105,886.80 thousand by 2030.

Market Definition

A gas cylinder is a pressure vessel that stores gases at higher than atmospheric pressures. High-pressure gas cylinders, also known as bottles. Depending on the physical qualities of the item, the stored components inside the cylinder may be in a supercritical fluid, compressed gas, Vapour over liquid, or dissolved in a substrate material. The valve and connecting connection are positioned at the top of a normal gas cylinder design, extending and standing upright on a flattened bottom end. The increasing focus of renowned manufacturers on developing unique cylinder designs that are capable of improving safety measures, optimizing handling and storage abilities, and are lightweight is anticipated to drive the market. The increased use of gas cylinders in various applications such as water treatment, soldering, beverage dispensing, medical purposes, heating and cooking, and fire extinguishing is expected to increase demand worldwide.

Opportunities

Rise in cylinder innovation and technological advancements

Gas cylinder manufacturers are constantly improving their cylinder packages to satisfy changing market demands. Higher pressures, digital displays, and newly engineered guards and valves allow for more gas, cylinder intelligence, and simpler transportation without compromising safety. The transportation of high-value gases is crucial, increasing the demand for secure, controlled gas cylinders. Advances in the compression of volatile and nonreactive gases have affected the production of gas cylinders. Enhanced safety and innovative cylinder designs have improved the handling and storage capabilities of gas cylinders. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market.

Recent Development

In September 2022, Worthington Industries' new plant serving the hydrogen mobility market was completed in under two years. The new plant will produce Type III and IV composite pressure cylinders. The cylinders are lightweight and made of metallic or polymeric liners with carbon fiber reinforcement that can withstand high pressures. Applications include onboard fueling systems for cars, trucks, buses, trains, and ships, as well as storage and transport containers for compressed hydrogen and compressed natural gas (CNG)
Gas Cylinder Market Scope

The gas cylinder market is categorized based on material, product, wrap type, gas and application. The growth amongst five segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Material

Steel
Composite
Others

On the basis of material, the gas cylinder market is segmented into steel, composite, and others.

Product

High pressure
Low pressure
Acetylene

On the basis of product, the gas cylinder market is is segmented intohigh pressure, low pressure, and acetylene.

Wraps

Wrap less
Glass fiber
Aramid fiber
Carbon Fiber
Others

On the basis of wrap type, the gas cylinder market is segmented into wrap less, glass fiber, aramid fiber, carbon fiber, and others.

Gas

Flammable gases
Inert gases
Toxic gases
Pyrophoric gases
Oxidizers
Others

On the basis of gas, the gas cylinder market is segmented into inert gases, flammable gases, toxic gases, pyrophoric gases, oxidizers, and others.

Application

Kitchen and domestic
Processing industries
Medical
Transportation
Others

On the basis of application, the gas cylinder market is segmented into kitchen and domestic, processing industries, medical, transportation, and others.

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Competitive Landscape and Gas Cylinder Market Share Analysis

The gas cylinder market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the gas cylinder market.

Some of the major market players engaged in the North America gas cylinder market are are 3M, Aygaz A.Ş., FABER INDUSTRIE SPA, Hexagon Ragasco AS, Luxfer Gas Cylinders, Worthington Industries Inc, Beijing Tianhai Industry Co., Ltd., Drägerwerk AG & Co. KGaA, EKC, Linde plc, Time Technoplast Ltd., MS GROUP, Welz Gas Cylinder GmbH, and Zhejiang Tianlong cylinder co., L.T.D. among others.

 Gas Cylinder Market Regional Analysis/Insights

The gas cylinder market is segmented on the basis of material, product, wrap type, gas and application.

The major countries covered in the gas cylinder market report are the U.S., Canada and Mexico in North America.

The U.S. is expected to dominate the North American gas cylinder market due to the increase in the number of government activities aimed at increasing consumer awareness.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Major TOC of the North America Gas Cylinder Market Report
• INTRODUCTION
• MARKET SEGMENTATION
• MARKET OVERVIEW
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• Integrated Passive Device Market
• COMPANY PROFILE
• COMPONENT MANUFACTURER
• CONCLUSION
• QUESTIONNAIRE
• RELATED REPORTS

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