Market Overview:
The global CNG ISO tank container market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for CNG as a fuel source for vehicles transportation and other applications. Additionally, the stringent emission norms across different regions are also fueling the demand for CNG ISO tank containers. Based on type, the global market is segmented into below 25 FT, 25-35 FT, and above 35 FT containers. The above 35 FT segment is expected to grow at a higher rate during the forecast period owing to its larger storage capacity as compared to other types of containers. Based on application, vehicles transportation accounts for majority of the share in terms of revenue in 2017 and is projected to maintain its dominance during the forecast period as well.
Product Definition:
CNG ISO Tank Container is a tank container that is specifically designed for the transportation and storage of compressed natural gas (CNG). CNG ISO Tank Containers are typically used to transport CNG from production facilities to end users, such as power plants or vehicle fueling stations. The use of CNG ISO Tank Containers helps reduce emissions and promote the use of clean energy sources.
Below 25 FT:
Below 25 FT is the largest segment in Containerized Natural Gas (CNG) ISO Tank market. It has a capacity of holding around 1,000 m3 to 2,000 m3 of CNG depending upon its dimensions and construction. The below 25-ft segment is expected to grow at a significant rate owing to increasing demand for LPG in emerging economies such as China and India along with other Southeast Asian countries.
25-35 FT:
25-35 FT is a type of ISO Tank Container used for transportation of compressed natural gas in tank trucks and other vehicles. It has the ability to carry up to 1,500 m3 (53,000 ft3)of CNG at pressures between 0.8 kg/cm2 (16 PSI)to 2 kg/cm2 (80 PSI). 25-35 FT tanks are made from high impact resistant plastic and can be customized as per requirement.
Application Insights:
Based on the application, the global market has been segmented into vehicles transportation and others. The vehicles transportation segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for CNG from various industries including automotive, construction, etc. Growing vehicle production coupled with rising consumer interest in alternative fuel vehicles is anticipated to boost product demand over the forecast period.
The other applications include energy generation and space heating/ cooling among others such as agriculture/ forestry/fishing boats among others which are less likely to use liquefied natural gas (LNG) or gasoline due to their high cost compared with traditional fuels such as coal or wood pellets used in caged log burners systems across residential areas of developed countries like U.S., Canada & Germany where electricity costs are relatively high owing to heavy taxes levied by regional governments on utility bills for providing free public utilities like electricity supply, heat ventilation air conditioning (HVAC), etc.
Regional Analysis:
Asia Pacific dominated the global CNG ISO tank container market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing investments from multinational companies as well as government agencies for setting up new manufacturing facilities in countries such as China, India, Thailand, Indonesia and South Korea. This has resulted in an increased demand for fuel efficient vehicles which will further boost the growth of this segment.
The growing automotive industry coupled with favorable government regulations aimed at promoting cleaner fuel alternatives such as compressed natural gas is anticipated to be a major factor driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for CNG as a fuel source for vehicles
- Government regulations and incentives favoring the use of CNG over other fuels
- Development of new technologies that make it easier and more cost-effective to transport and store CNG
- Growing popularity of natural gas vehicles among consumers
- Expansion of the infrastructure supporting CNG transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
CNG ISO Tank Container Market Research Report
By Type
Below 25 FT, 25-35 FT, Above 35 FT
By Application
Vehicles Transportation, Others
By Companies
Hexagon Composites, Luxfer Group, Quantum Technologies, Everest Kanto Cylinders, Praxair Technologies, Faber Industrie
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global CNG ISO Tank Container Market Report Segments:
The global CNG ISO Tank Container market is segmented on the basis of:
Types
Below 25 FT, 25-35 FT, Above 35 FT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vehicles Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexagon Composites
- Luxfer Group
- Quantum Technologies
- Everest Kanto Cylinders
- Praxair Technologies
- Faber Industrie
Highlights of The CNG ISO Tank Container Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 25 FT
- 25-35 FT
- Above 35 FT
- By Application:
- Vehicles Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNG ISO Tank Container Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CNG ISO Tank Container is a type of fuel container that can be used to store compressed natural gas.
Some of the major companies in the cng iso tank container market are Hexagon Composites, Luxfer Group, Quantum Technologies, Everest Kanto Cylinders, Praxair Technologies, Faber Industrie.
The cng iso tank container market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNG ISO Tank Container Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CNG ISO Tank Container Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNG ISO Tank Container Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CNG ISO Tank Container Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CNG ISO Tank Container Market Size & Forecast, 2020-2028
4.5.1 CNG ISO Tank Container Market Size and Y-o-Y Growth
4.5.2 CNG ISO Tank Container Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 25 FT
5.2.2 25-35 FT
5.2.3 Above 35 FT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vehicles Transportation
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNG ISO Tank Container Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CNG ISO Tank Container Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 25 FT
9.6.2 25-35 FT
9.6.3 Above 35 FT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vehicles Transportation
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 25 FT
10.6.2 25-35 FT
10.6.3 Above 35 FT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vehicles Transportation
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 25 FT
11.6.2 25-35 FT
11.6.3 Above 35 FT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vehicles Transportation
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 25 FT
12.6.2 25-35 FT
12.6.3 Above 35 FT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vehicles Transportation
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 25 FT
13.6.2 25-35 FT
13.6.3 Above 35 FT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vehicles Transportation
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CNG ISO Tank Container Market: Competitive Dashboard
14.2 Global CNG ISO Tank Container Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon Composites
14.3.2 Luxfer Group
14.3.3 Quantum Technologies
14.3.4 Everest Kanto Cylinders
14.3.5 Praxair Technologies
14.3.6 Faber Industrie
