CNG Cylinder Market is Estimated to Grow at CAGR Of 9 % from USD 4 Billion to USD 6.15 Billion in 2023.

Global CNG Cylinder Market is estimated to grow at CAGR of 9 % from current market value of USD 4 Billion to USD 6.15 Billion in 2023.

The current report focuses on the forecasting of the CNG cylinder market, discusses market drivers and restraints, and also concentrates on opportunities present in this sector.

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CNG is used in conventional diesel and gasoline vehicles. It is a well-established technology in which a system is installed and a CNG cylinder is placed in the vehicle. The benefit of the CNG is that it is comparatively greener gas because unburned hydrocarbon and carbon monoxide exhausted by the vehicles are comparatively lesser than that of diesel or gasoline. Thus the governments are also focusing on increasing the utilization of CNG in the vehicles and driving the CNG cylinder market. The market also seems highly competitive as a lot of suppliers are working to serve the demand of these cylinders.

Complete report on CNG Cylinder Market spread across 127 pages, profiling 11 companies and supported with tables and figures. Inquire for more at

The CNG cylinder market is segmented in this report by type of cylinders, raw materials used to make the cylinder, cylinder water capacity, vehicle type and geographical regions. The cylinders come in market in type 1-4. These types differ on the basis of manufacturing process, and material used to wrap the inside and outside of the cylinder. Cylinders can be made by metals, carbon fiber composites and glass fiber composites. For the different size of vehicles, the CNG cylinders come with different volume capacities measured in terms of volume of water. The different capacities are detailed in the report as well. In the end, the report also describes the market by geographical regions.

Top Players From The Industry Are Worthington Industries, Luxfer Group, Hexagon Composites ASA, Quantum Fuel Systems Technologies Worldwide Inc., Everest Kanto Cylinders Ltd., Praxair Technologies Inc., Avanco Group, Beijing Tianhai Industry Co. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Faber Industrie S.P.A and Ullit SA.

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Key benefits of the report:

*This report embraces momentous information about global CNG cylinder market with its current market trends and future estimation to portray the looming investment receptacles.
*It comprehends information regarding key drivers, challenges, restraints, and opportunities in the global CNG cylinder market.
*Market factor analysis delivers treasured information regarding the potential buyers and suppliers, and understanding the stakeholders involved.
*This report determines the overall market potential to apprehend the trends to attain a resilient exposure in the market.

Target Audience:

*Automotive companies
*Metals companies
*Composites companies
*CNG companies
*Government organizations

Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global CNG Cylinder Market By Application
8 Global CNG Cylinder Market By Type
9 Global CNG Cylinder Market By Source
10 Global CNG Cylinder Market By Application
11 Global Market CNG Cylinder Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles

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Release ID: 266961