Growing demand for green and economically attainable fuel options in the automotive sector is a prominent factor driving the CNG tanks market
The tanks are outlined to bear notable pressure variations and are structured from substances that sanction longevity and security— Polaris Market Research
NEW YORK CITY, NY, UNITED STATES, November 22, 2024 /
EINPresswire.com/ -- The CNG tanks market forecast for 2034 is a specialized study of the industry with a specific concentration on the global market trend analysis.
๐๐ก๐
๐๐๐ ๐ญ๐๐ง๐ค๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฎ๐ ๐ฆ๐๐ง๐ญ๐ข๐ง๐ . ๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฉ๐ฉ๐ซ๐จ๐ฑ๐ข๐ฆ๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐๐ 6.41 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2034. ๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ ๐๐๐ 2.87 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2024. ๐๐ญ ๐๐ฑ๐ก๐ข๐๐ข๐ญ๐๐ ๐ ๐๐๐๐ ๐จ๐ 8.4% ๐๐ซ๐จ๐ฆ 2025 ๐ญ๐จ 2034.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ ๐๐๐ง๐ค๐ฌ?
Dissimilar to liquid fuel, which continuously sustains the same magnitude covering a wide gamut of temperatures, compressed natural gas (CNG) will dilate and shrink notably with an alteration in temperature. Heat gives rise to CNG fuel molecules to dilate, and cold gives rise to molecules becoming solid.
Under industry regulation situations, a CNG tank may normally carry 20 gasoline-gallon counterparts. However, on a hot day, the CNG molecules will augment, and the tank may not be capable of boarding up to 75% of its outline potential beneath cooler temperature situations. The administration of CNG offers advantages for vehicles, such as decreased discharge contrasted to traditional gasoline and diesel fuels, impacting the CNG tanks market growth favourably.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐
๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/cng-tanks-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐ก๐จ ๐๐๐ค๐๐ฌ ๐๐๐ ๐๐๐ง๐ค๐ฌ?
โข Hexagon Composites ASA
โข Worthington Industries
โข Time Technoplast Ltd.
โข Praxair Technology, Inc.
โข Quantum Fuel Systems
โข Linde PLC
โข Nel ASA
โข Toyota Tsusho Corporation
โข Faber Industrie SPA
โข Luxfer Gas Cylinders
โข Parker Hannifin Corp
are some of the leading players in the CNG tanks market.
The aggressive topography of the market is portrayed by an assortment of global leaders and regional contenders struggling to seize market share through invention, planned alliances, and regional development.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข In August 2024, Tata Motors improved the Tiago and Tigor models by combining their inventive twin-cylinder CNG tank technology. This outline encompasses two compact cylinders deliberately positioned beneath the baggage space as contrasted to using a solitary bigger cylinder that bargains luggage space.
โข In August 2024, Time Technoplast became the premium and sole firm in India to acquire PESO consent for the making of type IV CNG cylinders pertaining to both cascade systems and consigned applications.
๐๐ก๐๐ญโ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐
๐จ๐ซ๐ฐ๐๐ซ๐?
Growing Government Incentives: The market growth is reinforced by government inducements targeted at encouraging natural gas usage together with technological progressions in tank substances, especially weightless composites that maximize fuel efficiency and outstretch range.
Favorable Government Schemes: Approving government schemes is impacting the market by easing the acquisition of CNG vehicles and enhancing the framework. Policies connected to fiscal inducements, such as Alternative Fuel Vehicle (AFV) Tax Credits, tax advantages, and appropriations, productively lessen the holistic prices linked with CNG vehicles and fuels. This, in turn, is having a favorable impact on CNG tank market sales.
Technological Progressions: Progressions in CNG tank structuring are growingly concentrated on weightless composite substances, especially carbon fiber-supported polymers. These substances are outlined to decrease the tank's weight and enhance its longevity and security.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/cng-tanks-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐ก๐ข๐๐ก ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก?
Asia Pacific: Asia Pacific accounted for the largest CNG tanks market share. The regionโs robust growth is primarily due to its speedy urbanization and economic development causing an escalated demand for spotless transportation solutions amidst growing worries about air contamination.
North America: North America is anticipated to witness significant growth from 2025 to 2034. This can be attributed to the robust thrust for spotless energy solutions and greener capabilities.
๐๐จ๐ฐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐?
By Tank Type Outlook:
โข Type 1
โข Type 2
โข Type 3
โข Type 4
By Material Type Outlook:
โข Metal
โข Carbon Fiber
โข Glass Fiber
By Vehicle Type Outlook:
โข LDV
โข MDV
โข HDV
By Application Outlook:
โข Fuel Tank
โข Transportation Tank
By Regional Outlook:
โข North America
o US
o Canada
โข Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
โข Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific
โข Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
โข Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/cng-tanks-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐
๐๐๐ฌ:
How much is the CNG tanks market?
The market size was valued at USD 2.87 billion in 2024 and is projected to grow to USD 6.41 billion by 2034.
What is the growth rate of the CNG tanks market?
The global market is projected to register a CAGR of 8.4% during the forecast period.
Which region held the largest market share?
Asia Pacific dominated the CNG tanks market in 2024.
Which segment by type dominated the market in 2024?
The type 1 segment dominated the market in 2024.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐'๐ฌ ๐๐๐ ๐๐๐ง๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
๐๐๐ ๐๐๐ง๐ค๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ฌ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ ๐ญ๐จ ๐๐$ 6.41 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2034 ๐๐ญ ๐ ๐๐๐๐ 8.4%
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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