Latest released the research study on Global CNG Cylinders Market, offers a detailed overview of the factors influencing the global business scope. CNG Cylinders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the CNG Cylinders Market. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers.
Top players in Global CNG Cylinders Market are:
Beijing Tianhai Industry (China), Quantum Tech (United States), Luxfer Group (U.K), Lianzhong Composites (China), Ullit (United States), Worthington Industries (United States), CIMC ENRIC (U.K), Faber Industries (United States), Praxair Tech. (United States), Everest Kanto Cylinders (India)
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Brief Overview on CNG Cylinders
With the rising environmental issues such as climatic changes and depleting ozone layer, many nations across the globe have deployed CNG in power production. Global warming which is a major environmental issue because of the increased level of greenhouse gases. These gases occur naturally in the atmosphere and reductions of these gases have been a major concern globally. The rising level of these gases is due to the burning of fossil fuels. CNG (Compressed Natural Gas) is a fuel which can be used in place of gasoline, diesel fuel, and propane/LPG. Over the years the wide gap between oil and natural gas has resulted in fuel conversions and has driven the market of CNG cylinders. Countries like China, India, and Pakistan use CNG as an alternative fuel as these countries are dependent on other countries for oil to meet their needs. The CNG usage in place of fossil fuel emits less harmful pollutants, in turn, reduces the concentration of pollutants in the atmosphere. The factors like increasing gasoline and diesel fuel prices, reducing the cost of natural gas, rising environmental concern, and rising demand in Asia-Pacific is making CNG a viable option for the automotive industry.
CNG Cylinders Market Data Breakdown and Market Segmentation:
Study by Type (Metal CNG Cylinders, Glass Fiber CNG Cylinders, Carbon Fiber CNG Cylinders), Application (Light Duty Vehicles, Medium Duty Vehicles, Heavy Duty Vehicles), Most applied CNG cylinders (Light Duty Vehicles, Medium Duty Vehicles, Heavy Duty Vehicles), Material (Metal, Glass fiber Composite, Carbon fiber Composite), Source (Associated Gas, Non-associated Gas, Unconventional Sources)
- Increasing number of natural gas vehicles (NGVs)
- Lower prices of natural gas than gasoline and diesel
- Increasing consumerâ€™s environmental awareness.
- Increase in the number of green fleet and development of type V tanks.
- Increasing price of raw materials such as metals, glass fiber, carbon fiber used in the manufacturing of CNG cylinders
- Regulatory policies which vary in many countries may restrict the growth of CNG market.
- Increase in the price of composite cylinders
- Limited refueling infrastructure.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in Table of Content of Global CNG Cylinders Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global CNG Cylinders market
Chapter 2: Exclusive Summary – the basic information of the Global CNG Cylinders Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global CNG Cylinders
Chapter 4: Presenting the Global CNG Cylinders Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2020
Chapter 6: Evaluating the leading manufacturers of the Global CNG Cylinders market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Global CNG Cylinders Market is a valuable source of guidance for individuals and companies.
Data Sources & Methodology
The primary sources involve the industry experts from the Global CNG Cylinders Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weightage.
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