Newest Research on “CNG, RNG, and Hydrogen Tanks Market” – Forecast by Top Regions 2023-2028
Renewable natural gas(RNG), also known as biomethane, is a pipeline-quality vehicle fuel produced from organic materials—such as waste from landfills and livestock—through anaerobic digestion. RNG qualifies as an advanced biofuel under the Renewable Fuel Standard. Compressed natural gas is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG). CNG combustion produces fewer undesirable gases than the aforementioned fuels. In comparison to other fuels, natural gas poses less of a threat in the event of a spill, because it is lighter than air and disperses quickly when released. Biomethane — refined biogas from anaerobic digestion or landfills — can be used.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Product Name estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of Percent during the forecast period 2022-2028.
The USA market for CNG, RNG, and Hydrogen Tanks is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of Percent during the forecast period of 2023 through 2028.
The China market for CNG, RNG, and Hydrogen Tanks is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of Percent during the forecast period of 2023 through 2028.
The Europe market for CNG, RNG, and Hydrogen Tanks is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of Percent during the forecast period of 2023 through 2028.
The global key manufacturers of CNG, RNG, and Hydrogen Tanks include Worthington Industries, Inc., Luxfer Group, Hexagon Composites ASA, Quantum Fuel Systems LLC., Everest Kanto Cylinders Ltd., Xinyi Beijing Tianhai Industry Co. Ltd., Faber Industrie SpA, Cenergy Solutions and Alternative Fuels Data Center, etc. In 2021, the global top five players had a share approximately Percent in terms of revenue.
Major Product Types of CNG, RNG, and Hydrogen Tanks covered are:
Major Applications of CNG, RNG, and Hydrogen Tanks covered are:
key players operating in the CNG, RNG, and Hydrogen Tanks market
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