According to a new country report published by Lucintel, the CNG tank market in United States looks attractive with opportunities in automotive and bulk transportation applications. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
This report studies factors affecting the CNG tank market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that automotive segment is expected to remain the largest market by value and volume. Expected growth in the fleet of alternative fuel powered vehicles is the major driving factor that is likely to spur growth for this segment over the forecast period. Within the CNG tank market in the United States, type I CNG tank is expected to be the largest segment due to its lower cost and higher demand.
Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type V tanks.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the CNG tank market in the United States and has come up with a comprehensive research report entitled “Opportunities for the CNG Tank Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the CNG tank market in the United States by application, tank type, and material consumption as follows:
CNG Tank Market by Application [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Automotive
• Bulk Transportation
CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Type I
• Type II
• Type III
• Type IV
CNG Tank Market by Material Market [Volume (Million lbs) and Value ($ Million) from 2014 to 2025]:
• Metal
• Glass Fiber Composite
• Carbon Fiber Composite
• Metal
Automotive CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Type I
• Type II
• Type III
• Type IV
Automotive CNG Tank Market by Vehicle Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Light Duty Vehicle
• Heavy Duty Vehicle (bus, trucks, etc.)
Bulk Transportation CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Type I
• Type II
• Type III
• Type IV
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/cng-tank.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com