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2018 Global Composite CNG Tanks Sales Market Report

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Posted: Friday, June 29, 2018 at 3:28 AM CDT

City of Industry, CA -- (SBWire) -- 06/29/2018 --This report studies the global Composite CNG Tanks market status and forecast, categorizes the global Composite CNG Tanks market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline (petrol), Diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. CNG may be found above oil deposits, or may be collected from landfills or wastewater treatment plants where it is known as biogas.

Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost.

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The global Composite CNG Tanks market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR during 2018-2025.

The major players covered in this report

Beijing Tianhai

Faber Industrie

Hexagon Composites

Luxfer Gas Cylinders

MCS International

Quantum Technologies

Xperion

...

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

United States

Europe

China

Japan

Southeast Asia

India

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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.