Global Compressed Natural Gas (CNG) Cylinders Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Published: June 2018
No. of Pages: 129
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Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.

Scope of the Report:
This report focuses on the Compressed Natural Gas (CNG) Cylinders in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
The Compressed Natural Gas (CNG) Cylinders industry is not highly concentrated, there are more than one hundred manufacturers in the world, and high-end products mainly come from North America and Western Europe. Limited refueling infrastructures, and higher prices of composite cylinders, are some of the factors that hinder the growth of the CNG tanks/cylinders. Rising price of raw materials such as metals, glass fiber, carbon fiber, and other components used in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the growth of the CNG tanks/cylinders market.
The growth in CNG cylinder market for storage and transportation of CNG would be dependent on government plans and initiatives to switch over to alternative fuel. However, with natural gas being progressively made available in most parts of the country and the rising cost of fuels (except for the fall in prices witnessed since the second half of the year), it is expected that the Government policies would be progressive favoring CNG as a fuel. The recent judicial activism at the highest level resulting which the Government has been mandated to have uniform natural gas prices across worldwide is a beneficial development, which will improve the availability of CNG at reasonable cost across India, which will induce consumers to switch over to CNG vehicles. This would lead to an accelerated growth in the CNG cylinder industry. Policy decision by the government to de-regulate diesel prices will turn some of the demand to CNG. The expected increase in supply of domestic gas due to the gas price hike will add impetus to the demand in the long run.
The worldwide market for Compressed Natural Gas (CNG) Cylinders is expected to grow at a CAGR of roughly 6.8% over the next five years, will reach 1080 million US$ in 2023, from 730 million US$ in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers
- Sinomatech
- Everest Kanto Cylinders
- Worthington Industries
- Luxfer Group
- Hexagon Composites
- Beijing Tianhai Industry
- Rama Cylinders
- Quantum Technologies
- Faber Industrie
- CIMC ENRIC
- Avanco Group

Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
- Type 1
- Type 2
- Type 3
- Type 4
- Others

Market Segment by Applications, can be divided into
- Passenger Vehicles
- Commercial Vehicles

There are 15 Chapters to deeply display the global Compressed Natural Gas (CNG) Cylinders market.
Chapter 1, to describe Compressed Natural Gas (CNG) Cylinders Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Compressed Natural Gas (CNG) Cylinders, with sales, revenue, and price of Compressed Natural Gas (CNG) Cylinders, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Compressed Natural Gas (CNG) Cylinders, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Compressed Natural Gas (CNG) Cylinders market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Compressed Natural Gas (CNG) Cylinders sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Published By: Global Info Research
Product Code: Global Info Research402647


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