CNG Cylinders Market by Type, Capacity (10 KG to 25 KG, Less than 10 KG, More than 25 KG), Application

List of Tables

[195 Pages Report] The CNG Cylinders Market size was estimated at USD 2.18 billion in 2023 and expected to reach USD 2.33 billion in 2024, at a CAGR 7.43% to reach USD 3.61 billion by 2030.

Compressed Natural Gas (CNG) Cylinders are specialized containers designed to safely store and transport compressed natural gas. These cylinders are engineered to withstand high pressure, approximately 200-250 bars (2900-3600 psi), allowing them to safely contain the CNG used as fuel for vehicles or other industrial and domestic purposes. International standards and regulations rigorously govern the construction of CNG cylinders to ensure maximum safety and efficiency. They are made from materials capable of handling high pressure and potential exposure to various environmental conditions, including steel, aluminum, or advanced composite materials. The application of CNG cylinders extends over multiple industries, notably in the automotive sector for natural gas vehicles (NGVs), significantly reducing carbon emissions and offering a cleaner, more sustainable alternative to traditional petroleum-based fuels. Growing preference for home cooking and adopting compressed natural gas for cooking and healing purposes, the expanding ownership of vehicles worldwide, and the need for high-performing fuels are driving the growth of the CNG cylinders market. However, the technical limitations and the possibility of leakage challenge the expanding CNG cylinders market. Advancements to improve the safety, performance, and functional attributes of CNG cylinders offer lucrative growth opportunities for adopting CNG cylinders.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.18 billion
Estimated Year [2024]	USD 2.33 billion
Forecast Year [2030]	USD 3.61 billion
CAGR (%)	7.43%

Type: Increasing utilization of Type 1 and Type 4 CNG cylinders

Type 1 CNG cylinders are entirely made from steel and represent the traditional and most commonly used design. They offer significant durability and are capable of withstanding high pressures. However, they are heavier than their composite counterparts, which affects the overall efficiency and fuel consumption of vehicles. Type 1 cylinders are widely used in heavy-duty vehicles and public transport buses, where weight is not a primary concern due to their robustness and lower cost. Type 2 CNG cylinders consist of a steel liner that is hoop-wrapped with composite materials, such as fiberglass or carbon fiber, around the cylindrical part of the tank, which balances weight and strength well, making them lighter than Type 1 cylinders but slightly heavier than Types 3 and 4. Type 2 cylinders are commonly utilized in light to medium-duty vehicles and commercial fleets where a balance between durability and weight is desirable. Type 3 CNG cylinders are characterized by a metal liner fully wrapped with composite materials. The liner is typically made of aluminum or a lightweight steel alloy, which, combined with the composite wrapping, considerably reduces the cylinder's weight while maintaining high-pressure resistance. These cylinders are ideal for passenger vehicles, including cars and light-duty trucks, where reducing the overall weight is crucial for performance and fuel efficiency. Type 4 cylinders feature a non-metallic liner, usually made from plastics or advanced polymers, fully wrapped in composite materials. They are the lightest among all types, offering significant advantages in weight reduction and corrosion resistance. Type 4 cylinders are perfect for applications where weight plays a critical role, such as in high-performance vehicles, racing cars, and light-duty fleets that prioritize fuel efficiency and payload due to their lightweight.

Application: Rising adoption of CNG Cylinders in medium-duty vehicles (MDVs) owing to the optimum balance between range and emissions.

Compressed Natural Gas (CNG) cylinders are extensively used in light-duty vehicles, such as passenger cars and small vans, to provide an eco-friendly alternative to gasoline or diesel. These vehicles are ideal for personal and light commercial use and benefit significantly from CNG's lower emission rates, contributing to reduced environmental pollution. Adopting CNG cylinders in light-duty vehicles also lowers consumer fuel costs, given the generally lower price of natural gas. Integrating CNG systems in these vehicles demands careful design considerations to ensure safety, performance, and space optimization. Medium-duty vehicles, including larger vans, smaller trucks, and minibusses primarily used for commercial purposes, increasingly embrace CNG cylinders for fuel. Applying CNG in this category offers a balanced compromise between performance and environmental sustainability. With a higher load-carrying capacity than light-duty vehicles, medium-duty vehicles powered by CNG benefit from reduced operational costs and decreased carbon dioxide emissions. Heavy-duty vehicles, such as large trucks, buses, and trailers, represent a significant application area for CNG cylinders. Critical to transportation and logistics industries, these vehicles require large fuel volumes to operate. By utilizing CNG, these heavy-duty vehicles can substantially reduce operating costs and emissions of harmful pollutants. Notably, the high energy density of CNG allows heavy-duty vehicles to maintain their performance standards while meeting stricter environmental regulations. Furthermore, with advancements in CNG cylinder technologies, cylinder weight and storage capacity issues are being addressed.

Regional Insights

The CNG cylinders market in the Americas has shown significant growth, driven by regulatory support for cleaner fuels, investment in infrastructure, and an increasing awareness of environmental issues. The United States and Brazil have a robust adoption rate of CNG vehicles. The U.S. market benefits from abundant domestic natural gas, encouraging switching from conventional fuels to CNG. Meanwhile, Brazil's growth is propelled by strong governmental incentives that promote the use of CNG in public transportation and fleets. The Asia-Pacific region is a substantial market for CNG cylinders driven by a combination of growing environmental concerns, governmental regulations pushing for cleaner fuels, and the cost-effectiveness of CNG as an alternative fuel. China and India, in particular, have introduced several incentives and policies to encourage the adoption of CNG vehicles, focusing on reducing air pollution in urban centers. The market in this region benefits from local manufacturing capabilities, which significantly lower costs and make CNG vehicles more accessible to the general population. In the EMEA region, the market dynamics of CNG cylinders differ significantly across countries. In Europe, stringent environmental regulations, coupled with high fuel prices, are driving the market. Countries such as Italy and Germany have been at the forefront, with well-established infrastructure supporting CNG vehicle adoption. Despite its vast oil reserves, the Middle East is also gradually adopting CNG to diversify its energy mix and reduce domestic oil consumption, freeing up more oil for export. In contrast, Africa's CNG market is still nascent, with limited infrastructure and market penetration. However, countries such as Egypt and Nigeria show growth potential due to government initiatives and abundant natural gas reserves.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the CNG Cylinders Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the CNG Cylinders Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the CNG Cylinders Market, highlighting leading vendors and their innovative profiles. These include Anhui Clean Energy Co., Ltd, AVANCO GmbH, Beijing SinoCleansky Technologies Corporation, BTIC America Corporation, Everest Kanto Cylinders Ltd, Faber Industrie SPA, FIBA Technologies, Inc., Hexagon Composites ASA, Indoruss Synergy Pvt. Ld., Jiangsu Minsheng Heavy Industries Co., Ltd., JP Minda Group, Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd, Luxfer Gas Cylinders, Maruti Koatsu Cylinders Ltd, Praxair, Inc., Pressure Technologies Plc, Quantum Fuel Systems LLC, Rama Cylinders Pvt. Ltd., Ratermann Manufacturing, Inc., Sahuwala Cylinders (P) Limited, Shijiazhuang Enric Gas Equipment Co., Ltd., Sinoma Science & Technology Co.,Ltd., Steelhead Composites, Inc., WireTough Cylinders, LLC., and Worthington Cylinders GmbH.

Market Segmentation & Coverage

This research report categorizes the CNG Cylinders Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- All Steel (Type 1)
- Fully Wrapped Composite (Type 3)
- Fully Wrapped Non-Metallic Liner (Type 4)
- Hoop Wrapped Composite (Type 2)

Capacity
- 10 KG to 25 KG
- Less than 10 KG
- More than 25 KG

Application
- Heavy-Duty Vehicles
- Light-Duty Vehicles
- Medium-Duty Vehicles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the CNG Cylinders Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the CNG Cylinders Market?

3. What are the technology trends and regulatory frameworks in the CNG Cylinders Market?

4. What is the market share of the leading vendors in the CNG Cylinders Market?

5. Which modes and strategic moves are suitable for entering the CNG Cylinders Market?

Product Code: MRR-BF5906742067

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing preference for home cooking and adoption of compressed natural gas for cooking and healing purposes
  - 5.1.1.2. Expanding ownership of vehicles across the world and the need for high-performing fuels
  - 5.1.1.3. Government initiatives supporting the development of bio-CNG
- 5.1.2. Restraints
  - 5.1.2.1. Presence of counterfeit CNG cylinders
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to improve the safety, performance, and functional attributes of CNG cylinders
  - 5.1.3.2. Expansion of manufacturing facilities for CNG fuel production
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations and the possibility of leakage
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing utilization of Type 1 and Type 4 CNG cylinders
- 5.2.2. Application: Rising adoption of CNG Cylinders in medium-duty vehicles (MDVs) owing to the optimum balance between range and emissions.
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. CNG Cylinders Market, by Type

6.1. Introduction
6.2. All Steel (Type 1)
6.3. Fully Wrapped Composite (Type 3)
6.4. Fully Wrapped Non-Metallic Liner (Type 4)
6.5. Hoop Wrapped Composite (Type 2)

7. CNG Cylinders Market, by Capacity

7.1. Introduction
7.2. 10 KG to 25 KG
7.3. Less than 10 KG
7.4. More than 25 KG

8. CNG Cylinders Market, by Application

8.1. Introduction
8.2. Heavy-Duty Vehicles
8.3. Light-Duty Vehicles
8.4. Medium-Duty Vehicles

9. Americas CNG Cylinders Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific CNG Cylinders Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa CNG Cylinders Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. BW LPG Makes Significant Investment In Confidence Petroleum India
- 12.3.2. Hexagon Digital Wave Enters into Strategic Partnership With Compass Natural Gas
- 12.3.3. IGL and BHEL Enter Pact To Make Special Cylinders For Hydrogen Use
- 12.3.4. BHEL Inks Pact With IGL for Development, Manufacturing, and Deployment of Type-IV Cylinders
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio