According to a new country report published by Lucintel, the future of composite cylinder market in the United States looks promising with opportunities in gas carriers & storage, transportation, life support, and recreation industries. The composite cylinder market in the United States is primarily driven by increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder.
This report studies factors affecting the composite cylinder 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 gas carriers & storage and transportation segments are expected to show above average growth during the forecast period. Within the composite cylinder market in the United States, transportation segment is expected to remain the largest market by value. Expected growth in the alternative fuel vehicles and increasing requirement of weight reduction with higher gas carrying capacity are the major driving forces that spur growth for this segment over the forecast period.
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 composite cylinder market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Composite Cylinders 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 composite cylinder market in the United States by end use industry, tank type, and composite consumption by fiber type as follows:
Composite cylinder market by end use Industry [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Gas Carriers and Storage
• Transportation
• Life Support
• Recreation and Others
Composite cylinder market by tank type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
• Type II
• Type III
• Type IV
Composite consumption by fiber type [Volume (Million lbs) and Value ($ Million) from 2014 to 2025]:
• Glass Fiber Composites
• Carbon Fiber Composites
• Aramid Fiber Composites
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/composite-cylinders.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