Global Compressed Natural Gas Cylinders Market Size Forecast, Top 14 Players Rank and Market Share (Internet Services - Other Internet Services)
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Global Compressed Natural Gas Cylinders Market Size Forecast, Top 14 Players Rank and Market Share | |
CNG cylinders refer to containers used to store Compressed Natural Gas (CNG). CNG is a form of natural gas that is compressed and stored in cylinders so that it can be used as fuel when needed. CNG cylinders are usually made of high-strength, lightweight materials to reduce overall weight while withstanding high pressures. Common materials include composites (such as carbon fiber reinforced plastics) or metal alloys (such as aluminum alloys). CNG cylinders are widely used in natural gas-driven transportation, such as CNG buses, taxis, and private cars. These cylinders are usually installed inside or at the rear of the vehicle. Compressed natural gas (CNG) cylinders are made in the shape of a cylinder with hemispherical covers on both ends. Cylindrical and hemispherical shapes provide the strongest structural shapes, as circular and spherical shapes provide even stress distribution throughout the interior area of the tank, thus providing the highest safety for high-pressure vessels. According to the new market research report “Global Compressed Natural Gas Cylinders Market Report 2023-2029”, published by QYResearch, the global Compressed Natural Gas Cylinders market size is projected to reach USD 1.75 billion by 2029, at a CAGR of 8.8% during the forecast period. Market Drivers: Increased demand for clean energy: The increased demand for clean and renewable energy has drawn attention to CNG as a relatively clean alternative fuel, bringing development opportunities to the CNG cylinder industry. Clean energy in the transportation field: The demand for clean energy in the transportation field is gradually increasing, and the government and enterprises provide support for the adoption of CNG vehicles, prompting CNG cylinders to play an important role in the automotive industry. Commercial vehicle transformation: Commercial vehicles, such as buses, trucks and vans, are gradually adopting CNG as a clean energy fuel, providing a broad market for CNG cylinders Infrastructure construction: The construction and expansion of CNG filling stations provides more convenient filling services for CNG vehicles, improves the feasibility of CNG vehicles, and also promotes the demand for CNG cylinders  | |
| Target State: All States Target City : All Cities Last Update : Mar 14, 2024 10:10 PM Number of Views: 19 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-04-27 (0.392 sec)