Compressed Natural Gas (CNG) Cylinders Consumption Market Is Expected To Reach By USD 1080 Million In Terms Of Revenue By 2023 According To Market Forecasts
Qurate Research announces the addition of new study based research report on “Compressed Natural Gas (CNG) Cylinders Consumption Market” to their suite of offerings.
(EMAILWIRE.COM, October 02, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of Global Compressed Natural Gas (CNG) Cylinders Consumption Market for 2018-2023.
Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels. Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
The Compressed Natural Gas (CNG) Cylinders industry is not highly concentrated, there are more than one hundred manufacturers in the world, and high-end products mainly come from North America and Western Europe. Limited refueling infrastructures, and higher prices of composite cylinders, are some of the factors that hinder the growth of the CNG tanks/cylinders.
Get Sample Copy of This Report@ https://www.qurateresearch.com/report/sample/MnE/QBI-LPI-MnE-6851
Rising price of raw materials such as metals, glass fiber, carbon fiber, and other components used in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the growth of the CNG tanks/cylinders market.
The growth in CNG cylinder market for storage and transportation of CNG would be dependent on government plans and initiatives to switch over to alternative fuel. However, with natural gas being progressively made available in most parts of the country and the rising cost of fuels (except for the fall in prices witnessed since the second half of the year), it is expected that the Government policies would be progressive favoring CNG as a fuel. The recent judicial activism at the highest level resulting which the Government has been mandated to have uniform natural gas prices across worldwide is a beneficial development, which will improve the availability of CNG at reasonable cost across India, which will induce consumers to switch over to CNG vehicles. This would lead to an accelerated growth in the CNG cylinder industry. Policy decision by the government to de-regulate diesel prices will turn some of the demand to CNG. The expected increase in supply of domestic gas due to the gas price hike will add impetus to the demand in the long run.
Over the next five years, Expert projects that Compressed Natural Gas (CNG) Cylinders will register a 6.8% CAGR in terms of revenue, reach US$ 1080 million by 2023, from US$ 730 million in 2017.
Enquiry@ https://www.qurateresearch.com/report/enquiry/MnE/QBI-LPI-MnE-6851
This report presents a comprehensive overview, market shares, and growth opportunities of Flow Meters market by product type, application, key manufacturers and key regions. To calculate the market size, experts considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Type 1
Type 2
Type 3
Type 4
Others
Segmentation by application:
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Customize Report@ https://www.qurateresearch.com/report/customize/MnE/QBI-LPI-MnE-6851
Table of Contents:
2018-2023 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Compressed Natural Gas (CNG) Cylinders Consumption 2013-2023
2.1.2 Compressed Natural Gas (CNG) Cylinders Consumption CAGR by Region
2.2 Compressed Natural Gas (CNG) Cylinders Segment by Type
2.2.1 Type 1
2.2.2 Type 2
2.2.3 Type 3
2.2.4 Type 4
2.2.5 Others
3 Global Compressed Natural Gas (CNG) Cylinders by Players
3.1 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players
3.1.1 Global Compressed Natural Gas (CNG) Cylinders Sales by Players (2016-2018)
3.1.2 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players (2016-2018)
3.2 Global Compressed Natural Gas (CNG) Cylinders Revenue Market Share by Players
3.2.1 Global Compressed Natural Gas (CNG) Cylinders Revenue by Players (2016-2018)
Get Exclusive Discount@ https://www.qurateresearch.com/report/discount/MnE/QBI-LPI-MnE-6851
Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels. Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
The Compressed Natural Gas (CNG) Cylinders industry is not highly concentrated, there are more than one hundred manufacturers in the world, and high-end products mainly come from North America and Western Europe. Limited refueling infrastructures, and higher prices of composite cylinders, are some of the factors that hinder the growth of the CNG tanks/cylinders.
Get Sample Copy of This Report@ https://www.qurateresearch.com/report/sample/MnE/QBI-LPI-MnE-6851
Rising price of raw materials such as metals, glass fiber, carbon fiber, and other components used in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the growth of the CNG tanks/cylinders market.
The growth in CNG cylinder market for storage and transportation of CNG would be dependent on government plans and initiatives to switch over to alternative fuel. However, with natural gas being progressively made available in most parts of the country and the rising cost of fuels (except for the fall in prices witnessed since the second half of the year), it is expected that the Government policies would be progressive favoring CNG as a fuel. The recent judicial activism at the highest level resulting which the Government has been mandated to have uniform natural gas prices across worldwide is a beneficial development, which will improve the availability of CNG at reasonable cost across India, which will induce consumers to switch over to CNG vehicles. This would lead to an accelerated growth in the CNG cylinder industry. Policy decision by the government to de-regulate diesel prices will turn some of the demand to CNG. The expected increase in supply of domestic gas due to the gas price hike will add impetus to the demand in the long run.
Over the next five years, Expert projects that Compressed Natural Gas (CNG) Cylinders will register a 6.8% CAGR in terms of revenue, reach US$ 1080 million by 2023, from US$ 730 million in 2017.
Enquiry@ https://www.qurateresearch.com/report/enquiry/MnE/QBI-LPI-MnE-6851
This report presents a comprehensive overview, market shares, and growth opportunities of Flow Meters market by product type, application, key manufacturers and key regions. To calculate the market size, experts considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Type 1
Type 2
Type 3
Type 4
Others
Segmentation by application:
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Customize Report@ https://www.qurateresearch.com/report/customize/MnE/QBI-LPI-MnE-6851
Table of Contents:
2018-2023 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Compressed Natural Gas (CNG) Cylinders Consumption 2013-2023
2.1.2 Compressed Natural Gas (CNG) Cylinders Consumption CAGR by Region
2.2 Compressed Natural Gas (CNG) Cylinders Segment by Type
2.2.1 Type 1
2.2.2 Type 2
2.2.3 Type 3
2.2.4 Type 4
2.2.5 Others
3 Global Compressed Natural Gas (CNG) Cylinders by Players
3.1 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players
3.1.1 Global Compressed Natural Gas (CNG) Cylinders Sales by Players (2016-2018)
3.1.2 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players (2016-2018)
3.2 Global Compressed Natural Gas (CNG) Cylinders Revenue Market Share by Players
3.2.1 Global Compressed Natural Gas (CNG) Cylinders Revenue by Players (2016-2018)
Get Exclusive Discount@ https://www.qurateresearch.com/report/discount/MnE/QBI-LPI-MnE-6851
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results