RNG Hydrogen Tanks Market 2023 Industry Trends, Shows Magnificent Growth during Forecasting Period 2029| Worthington Industries, Inc., Luxfer Group

Latest released RNG Hydrogen Tanks Market report covers: Future Opportunities and forecast by top players, regions, applications, and product types, and forecast from 2023 to 2029, along with historical data. The RNG Hydrogen Tanks Market study covers in-depth insights on competitive scenario, description, wide product portfolio of key vendors, SWOT analysis, business strategy adopted by competitors, revenue, Porter's Five Forces Analysis, and sales estimates. The report's primary objective is to supply a further illustration of the newest scenario, economic slowdown, and War situations impact on the overall industry and exhaustive scope to cover all the possible segments helping every stakeholder in the RNG Hydrogen Tanks Market.

The RNG Hydrogen Tanks Market studied was anticipated to grow with a CAGR of nearly +11.3% during the forecast period.

Major Players in RNG Hydrogen Tanks markets are:

Worthington Industries, Inc., Luxfer Group, Hexagon Composites ASA, Quantum Fuel Systems LLC., Everest Kanto Cylinders Ltd., Praxair Technologies Inc., Xinyi Beijing Tianhai Industry Co. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Faber Industrie SpA,, and others.

Recent Development:
In May 2023, Luxfer Group has manufactured a new type 4 cylinder. The G-Stor Go H2 features a proven boss-to-liner interface that results in minimal permeation and is a certified, cost-effective hydrogen storage solution ideal for fuel cell transit buses, heavy-duty trucks, vans, bulk gas transport, boats, and trains.
In January 2023, Hexagon purus opens a new hydrogen cylinder manufacturing facility in westminster, maryland, usa, with the annual production of up to 10,000 cylinders for heavy-duty vehicle applications and will employ up to 150 skilled workers. The new facility expands cylinder production capabilities and capacity and allows for further expansion by adding additional production equipment as demand for hydrogen storage cylinders continues to grow.
In February 2021, Worthington industries manufactured Thermaguard hydrogen cylinders. ThermaGuard™ hydrogen cylinders are optimized to meet the unique needs of hydrogen fuel. Meticulously developed using Worthington's aerospace-grade standards, ThermaGuard hydrogen cylinders are proven more efficient means of transporting and storing high-pressure hydrogen gas.
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.

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The following areas and countries are covered in the worldwide RNG Hydrogen Tanks market file:

- 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)

Additionally, the market research industry delivers a detailed analysis of the global RNG Hydrogen Tanks market for the estimated forecast period. This comprehensive study dissects the market into distinct segments, categorized by end-use, types, and geography. Of particular significance is the report's emphasis on geographical breakdowns, spotlighting advancements across diverse regions. It unearths substantial growth patterns and their ramifications. The regional analysis not only unveils business prospects and market status but also forecasts revenue potential, user-specific and type-related trends, and forward-looking projections for the years ahead. RNG Hydrogen Tanks Market by Segment:

global RNG Hydrogen Tanks Market Segmentation:

Segmentation by product type:

Fuel Tank

Shipping Tank

Others

Segmentation by application:

Metal Tanks

Carbon Fiber Tanks

Fiberglass Tanks

Key Attributes:

Report Attribute: Details
No. of Pages: 110
Forecast Period: 2023 - 2029
Estimated Market Value (USD) in 2023: $2.6 Billion
Forecasted Market Value (USD) by 2029: $5.7 Billion
Compound Annual Growth Rate: 11.3%
Regions Covered: Global

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Cataloging the Competitive Terrain of the RNG Hydrogen Tanks Market:

Within the report's pages, a panoramic view of manufacturers and their innovative product portfolios unfolds, accompanied by a detailed exploration of the specific applications each product caters to.

Market share and sales figures of each company are stated in the report.

Details regarding profit margins and price patterns are included.

Key Features of the RNG Hydrogen Tanks Industry report:

- Leading product type segment and application segment of the RNG Hydrogen Tanks market.

- Recent developments, growth opportunities, challenges, governmental policies, and regulations affect the market's growth.

- The leading region of the market.

- Provides a detailed market analysis based on the market's current competitive scenario and forecasts for coming years.

- To track new developments, mergers, acquisitions, expansions, etc., in the Global RNG Hydrogen Tanks market.

- Growth factors of the market are discussed in the report in detail.

- The report encompasses the key strategies of the key market players.

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**Core Chapters in RNG Hydrogen Tanks Market Report are**

Chapter 1: Introduces the report scope of the report, executive summary of different market segments, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of RNG Hydrogen Tanks manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of RNG Hydrogen Tanks by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Provides the analysis of various market segments according to application, to help readers find the RNG Hydrogen Tanks market in different downstream markets.

Chapter 5: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 6: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 7: Analysis of sales channel, distributors and customers

Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 9: Production and supply forecast, global and regional

Chapter 10: Consumption and demand forecast, global and regional

Chapter 11: Forecast by type and by application. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years.

Chapter 12: The main points and conclusions of the report.

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