The CNG, RNG, And Hydrogen Tanks Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the CNG, RNG, And Hydrogen Tanks Market?
The market for CNG, RNG, and hydrogen tanks has seen swift expansion recently, increasing from a value of $2.36 billion in 2024 to $2.62 billion in 2025. This growth pattern corresponds to a compound annual growth rate (CAGR) of 11.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the CNG, RNG, And Hydrogen Tanks Industry?
The market size for CNG, RNG, and hydrogen tanks is projected to reach $3.88 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%.
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What are the Key Growth Drivers Fueling the CNG, RNG, And Hydrogen Tanks Market?
The key drivers in the cng, rng, and hydrogen tanks market are:
• Increasing adoption of green energy policies and regulations
• Government initiatives and subsidies promoting sustainability
• Rising awareness of climate change and adoption of sustainability practices
• Expansion and increased use of CNG, RNG, and Hydrogen in the transportation sector.
Global Market Segmentation: Identifying Major CNG, RNG, And Hydrogen Tanks Industry Segments
The CNG, RNG, and hydrogen tanks market covered in this report is segmented –
1) By Gas Type: Compressed Natural Gas (CNG), Hydrogen, Renewable Natural Gas (RNG)
2) By Material Type: Metal, Carbon Fiber, Glass Fiber
3) By Tank Type: Type 1, Type 2, Type 3, Type 4
4) By Application: Fuel Tank, Transportation Tank
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What are the Emerging Trends Shaping the Future of the CNG, RNG, And Hydrogen Tanks Market?
The key trends in the cng, rng, and hydrogen tanks market are:
• Innovations in tank technology are shaping the future of the market.
• Strategic collaborations are emerging as a significant trend in the market.
• Environmental regulations and sustainability goals are increasingly influencing the market.
• There's a notable trend of government support and incentives guiding the market.
Who Are the Top Competitors & Leading Players in the CNG, RNG, And Hydrogen Tanks Market?
Major companies in the cng, rng, and hydrogen tanks market are:
• Worthington Industries Inc.
• Rama Cylinders Private Limited
• Luxfer Group
• Hexagon Composites ASA
• Everest Kanto Cylinders Ltd.
• Quantum Fuel Systems LLC
• Sahuwala Cylinders Ltd.
• Avanco Group
• Beijing Tianhai Industry Co. Ltd.
• Agility Fuel Solutions
• Steelhead Composites Inc.
• NPROXX B.V.
• Ullit SA
• Doosan Mobility Innovation Co. Ltd.
• Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
• Faber Industrie SpA
• Praxair Technologies Inc.
• Xinyi Beijing Tianhai Industry Co. Ltd.
• CIMC ENRIC Holdings Limited
• FIBA Technologies Inc.
• CNG Cylinders International
• Natural Gas Vehicle Coalition
• NGV Motori S p A
• Cenergy Solutions
• Infinite Cylinders Limited
• Taiyo Nippon Sanso Corporation
• VPS Group
• OMNI CNG Systems LLC
• Winkelmann Group
• Luxshare Precision Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the CNG, RNG and Hydrogen market in 2024
