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The CNG Tank Cylinder Market at present is experiencing major shifts in the dynamics of its industries that are controlled by different timers and demand variations from either the automobile or the alternative fuel sectors. CNG tanks cylinders are an important part of the CNG powered vehicles and provide a safe, convenient and effective holding system. There has been a growing trend showing increased value given to environmentally friendly and cleaner energy solutions in the automotive sector as one of the factors currently driving the market. While governments and consumers have an objective to reduce carbon emission and thereby reduce fuel dependence, regulators and consumers are increasingly turning to CNG tanks as their mode of transport. This positive influence on the market has meant a rise in demand for CNG tank cylinders within the automotive and alternative fuel sectors.
As the sector which embeds the largest amount of CNG cylinders, the auto is the main force that determine the market trend in the CNG tank cylinders market. En art many auto makers have started adding natural gas as a fuel source to their production process to increase a green considerations in automobile manufacturing. CNG tank cylinders act as an expected safe and efficient storage solution for vehicle manufacturers resulting in CNG suppliers or suppliers of compressed natural gas, which influence the automotive markets.
Also, the policies and regulation of the government as well as the environment modification are of impact to the market mechanics. A lot of the states and regions are building legislation and incentives which will motivate the other miscellaneous forms of fuels colony such as compressed natural gas. Incentives such as tax rebates, subsidies and greenhouse gas standards impact market forces i.e. they attract businesses to use the CNG tank cylinders and CNG powered cars which contribute to the emission reduction.
An increased number of technological innovations into the manufacturing of CNG fuel tank cylinders evidently influences all market players. Improvements in CNG tank cylinder design that involve the use of new materials, manufacturing procedures, and added safety features become prolonged because of their energy efficiency, safety, and storage capacities which eventually affect the market dynamics. Manufacturers, who are investing in the development of these respirators and focus on increasing the performance and safety of this equipment, are able to respond to changes in demand when it comes to the automotive industry and the alternative fuel industry thanks to the technologies used by them.
On the supply side the production capacity, certification processes and regular supply of quality CNG tank cylinders significantly determine the situation on the market. Cylinder suppliers who make production efficiency, quality control and supply chain resilience their responsibilities steer the market dynamics toward smooth and trust-worthy conduction of critical supplies enough to match the growing demand for CNG-based vehicles.
CNG Tank Cylinder Market Highlights:
Global CNG Tank Cylinder Market Overview
CNG tank cylinder Market Size was valued at USD 1.8 Billion in 2022. The CNG tank cylinder industry is projected to grow from USD 1.98 Billion in 2023 to USD 4.31 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.20% during the forecast period (2023 - 2032). The rising carbon pollution and increasing sales of LNG cars as alternatives to diesel-powered vehicles are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
CNG tank cylinder Market Trends
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Growing use of LNG vehicles is driving the market growth
Market CAGR for CNG tank cylinder is being driven by the rising use of LNG vehicles. A number of nations fight against climate change on a scale by establishing aggressive goals to lower GHG emissions. By 2030, the EU has established a legally enforceable goal to cut emissions by 40% below 1990 levels. The road transport industry in the EU is one of the most significant sectors that depend on fossil fuels.
The transport industry is Europe's single largest source of GHG emissions due to its reliance on oil. Since more than 308.3 million road cars in Europe rely on oil-based fuels more than 95% of the time, the road transport sector is responsible for around 73% of all transport-related GHG emissions. In addition, various low-emission alternative fuels for automobiles are available, which can lessen the transportation sector's reliance on oil and cut greenhouse gas emissions from road transportation. Currently, over 2 million natural gas cars are operating throughout the EU, supported by a 4041 CNG and LNG fuelling stations network. By switching to CNG automobiles instead of petrol, energy consumption may be reduced by around 10% of what petrol uses. The public is turning to vehicles powered by inexpensive alternative fuels like compressed natural gas due to rising gas costs and the prohibitively high cost of electric vehicles for most people.
For a variety of uses, compressed natural gas (CNG) cylinders are offered in a variety of forms, weights, and sizes. Tank prices often rise as tank weight lowers. Tanks may occasionally be leased from petrol providers or car converters. Adsorbed Natural Gas (ANG) does not require high-pressure storage cylinders or tanks since it stores natural gas in a carbon honeycomb structure. As the gas enters the system, it is absorbed into the substance, which may be kept solid at extremely low pressure. This indicates that high-pressure cylinders are no longer necessary to hold the gasoline within the car. As a result, the storage may be custom-molded into various forms and sizes while reducing weight. The fact that an ANG system is backward compatible is its main benefit. Although they may still utilize it, ANG systems do not require the 3,600 pounds per square inch (PSI) pressure needed for today's CNG automobiles. The current CNG network is still accessible to vehicles with ANG. Although the needed pressures for an onsite station may be significantly reduced, they wouldn't be left behind if the new technology was used. The market demand for CNG tanks is anticipated to be hampered by the increased usage of storage technologies for adsorbed natural gas in vehicles. Thus, driving the CNG tank cylinder market revenue.
CNG tank cylinder Market Segment Insights
CNG tank cylinder Tank Type Insights
Based on tank type, the CNG tank cylinder market segmentation includes cryogenic tanks, tube-tailored tanks, stationary tanks, and others. The tube-tailored tank segment dominated the market, accounting for 35% of market revenue. Because it is less expensive to acquire and has several uses in the automobile sector. Aside from that, lighter vehicles have a much longer lifespan, directly affecting the need for CNG tanks.
CNG tank cylinder Tank Composite Type Insights
Based on composite type, the CNG tank cylinder market segmentation includes carbon fiber, steel or aluminum alloy, metal component, glass fiber, and others. The carbon fiber segment dominated the market. Compared to metal cylinders built of a single material, such as aluminum and steel, carbon fiber woven composite cylinders perform better. Compared to metal cylinders of equal volume, it can store more gas, is 50% lighter, has better corrosion resistance, and doesn't pollute the environment. Carbon fiber-made cylinders provide the market's finest mix of safety, effectiveness, and durability. The range, payload, handling, and fuel efficiency of vehicles may all be enhanced using carbon fiber cylinders.
CNG tank cylinder Vehicle Type Insights
The CNG tank cylinder market segmentation, based on Vehicle Type, includes commercial, passenger vehicles and others. The commercial vehicle category generated the most income. The original equipment manufacturers offer commercial petrol vehicles, contributing to the most notable market rise for CNG tanks. Other than that, commercial vehicles include buses, heavy-duty trucks, and delivery trucks. The market for CNG tanks is expected to expand because of the CNG tanks' wide variety of uses and smaller weight, which lowers transportation and labor costs.
Figure 1: CNG tank cylinder Market, by Vehicle Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
CNG tank cylinder Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American CNG tank cylinder market area will dominate this market; the increase in commercial and industrial transportation has led to the expansion of CNG tanks throughout the region, positively impacting the market landscape for CNG tanks. North America has implemented strict laws to reduce emissions and focuses more on renewable energy projects and energy-efficient sectors.
Further, the major countries studied in the market report are The US, Canada, the UK, Italy, German, France, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CNG TANK CYLINDER MARKET SHARE BY REGION 2022 (USD Billion)Â 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe CNG tank cylinders market has the second-largest share. The growth of CNG tanks has benefited the market for CNG tanks because of the rise in commercial and industrial transportation in the area. Furthermore, the German CNG tank cylinder market dominated, while the UK CNG tank cylinder market grew fastest in Europe.
From 2023 to 2032, the Asia-Pacific CNG tank cylinder Market will develop at the quickest CAGR. By utilizing enormous volumes of gases in China, the move to zero-emission cars aims to enhance air quality, decrease CO2 emissions, and promote energy independence. Several businesses have already noticed an increase in the sales of LNG automobiles. In FY 2019–20, Maruti Suzuki India Limited had its highest-ever sales of CNG-powered, environmentally friendly vehicles. The firm in India sold over 106,443 CNG automobiles. Furthermore, China's CNG tank cylinder market had the highest market share, while Asia-Pacific region's CNG tank cylinder market in India was the one that was growing the quickest.
CNG tank cylinder Key Market Players & Competitive Insights
Leading market companies are extensively spending R&D on increasing their product lines, which will help the CNG tank cylinder market grow even more. Important market developments include new product releases, acquisitions and mergers, contractual agreements, greater investments, and collaboration with other organizations. The CNG tank cylinder industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide CNG tank cylinder industry to serve clients and expand the market sector. The CNG tank cylinder industry has provided some of the most important benefits recently. Hexagon Composites business, and other major competitors in the CNG tank cylinder market are seeking to improve market demand by investing in R&D efforts.
Hexagon Agility provides various clean fuel options to deliver gaseous energy and commercial vehicles. The market's lightest and most versatile alternative is made possible by using Type 4 composite cylinders. All of our solutions are ready for deployment right now. Their technologies accelerate decarbonization, with more than 70,000 commercial vehicles deployed and traveling billions of kilometers. In May 2019, logistics delivery firm Ups has ordered CNG vehicles with Hexagon Composites business unit Hexagon Ability. This decree will pave the way for forming environmentally and economically sound fleets.
Faber Industrie, founded in 1969 and business since 1972, has expanded quickly to become the market leader in high-pressure gas cylinders and systems (Types 1, 2, 3 & 4). The finest reputation in the world belongs to Faber because of its high standards of quality and ability to meet the most exacting requirements imposed by international organizations, local governments, and its clients. With a total floor area of 100.000 m2, our plants in the North East of Italy have a yearly production capacity of over one million cylinders. Faber is regarded as the market leader in high-pressure cylinders due to its high manufacturing capacity and commitment to quality. In April 2019, Faber Industries has attained the type-1 cylinder weight of 0.75kg/I. Due to the weight decrease, OEM is attempting to balance tank toughness and weight.
Key Companies in the CNG tank cylinder market include
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Faber Technologies
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Hexagon Composites ASA
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Quantum Fuel System Technologies
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Everest Kanto Cylinder
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CNG tank cylinder Industry Developments
August 2022:Â The Tiago and Tigor iCNG have been modified by Tata Motors with their dual-cylinder CNG tank technology. Tata employs two smaller cylinders that fit beneath the baggage area instead of a single giant CNG cylinder that takes up space in the boot. As a result, the Tigor iCNG has a 70-liter CNG tank capacity.
January 2022:Â At the 2023 Auto Expo, Tata displayed the Punch CNG and Altroz CNG. The two vehicles will soon be added to Tata Motors' lineup, joining the Tiago and Tigor CNG. Even though all four of these vehicles have the same 1.2L conventional CNG engine, the newest models will have 2PS greater power and 2Nm more torque. However, the larger boot area of the more recent CNG vehicles is the main talking point. This issue is permanently fixed by the 'dual cylinder' technology in the forthcoming Punch CNG and Altroz CNG. In other words, they use 2 smaller cylinders for the CNG rather than 1 larger cylinder.
CNG tank cylinder Market Segmentation
CNG tank cylinder Tank Type Outlook
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Cryogenic Tank
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Tube Tailored Tank
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Stationary Tank
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Others
CNG tank cylinder Composite Type
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Carbon Fiber
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Steel or Aluminum Alloy
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Metal Component
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Glass Fiber
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Others
CNG tank cylinder Vehicle Type
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Commercial Vehicle
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Passenger Vehicle
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Others
CNG tank cylinder Regional Outlook
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North America
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US
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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South Korea
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Australia
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Rest of Asia-Pacific
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Middle East & Africa
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Saudi Arabia
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Qatar
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UAE
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Rest of Middle East & Africa
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South America
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Brazil
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Argentina
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Rest of South America
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