DUBLIN--(BUSINESS WIRE)--The "CNG Tank/Cylinder - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
CNG Tank/Cylinder market worldwide is projected to grow by US$1.1 Billion, driven by a compounded growth of 9.1%.
Metal, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$315 Million by the year 2025, Metal will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 7.8% growth momentum.
Within Europe, which continues to remain an important element in the world economy, Germany will add over US$35.6 Million to the region's size and clout in the next 5 to 6 years. Over US$77 Million worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Metal will reach a market size of US$7.4 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 12.9% over the next couple of years and add approximately US$285 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include the following, among others:
- AVANCO GmbH (Germany)
- Beijing Tianhai Industry Co. Ltd. (China)
- Everest Kanto Cylinder Ltd. (India)
- Faber Industrie S.P.A. (Italy)
- Hexagon Composites ASA (Norway)
- Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China)
- Luxfer Holdings PLC (United Kingdom)
- Quantum Fuel Systems Technologies Worldwide, Inc. (USA)
- Ullit S.A. (France)
- Worthington Industries (USA)
For more information about this report visit https://www.researchandmarkets.com/r/ky276z