The CNG, RNG, and hydrogen tanks market is anticipated to grow at a CAGR of 8.5% during the course of the forecast period.
Specialized tanks are utilized to store and transport hydrogen as well as CNG, RNG, and these gases. These tanks have a high level of endurance and are manufactured from many materials, including glass, metal, and carbon. These tanks are used in many applications and are more affordable and environmentally favorable. Depending on the material used during manufacturing, CNG, RNG, and hydrogen tanks can be divided into different tank kinds.

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GROWTH DRIVERS
The increasing government initiatives emphasizing the adoption of clean fuel combined with the growing stringent environmental regulations enforced by various governments on automotive manufacturers to boost the uptake of alternative fuel sources and the escalating developments in the global fueling infrastructure are the primary driving forces behind the rising demand for alternative fuel vehicles around the world, the increase in the number of natural and fuel cell electric vehicles, and the rise in government initiatives emphasizing the adoption of clean fuel.
A significant increase in the use of natural gas has also been seen in the automotive sector. Government investments in the growth and development of the transportation industry are also driving manufacturers to prioritize the creation of light-weight cargo tanks. This is assisting in boosting the demand for CNG-driven vehicles, the increased demand for hydrogen-powered vehicles that are similar to electric vehicles, and the introduction of several advanced tools for the development of hydrogen tanks, all of which are significantly boosting the growth of the global markets for CNG, RNG, and hydrogen tanks.
Ample growth opportunities for the global CNG, RNG, and hydrogen tanks market are anticipated to be further provided by additional factors such as the development of low weight transportation tanks, the expansion of governmental support in the form of tax incentives & subsidiaries, and the enforcement of stricter CO2 emission norms by numerous governments across various regions of the world during the forecast period.
CNG, RNG, AND HYDROGEN TANKS MARKET SEGMENTATION
By Gas Type
· Compressed Natural Gas (CNG)
· Hydrogen
· Renewable Natural Gas (RNG)

By Material Type
· Metal
· Carbon Fiber
· Glass Fiber

By Application
· Fuel
· Transportation

By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa

KEY COMPANIES IN CNG, RNG, AND HYDROGEN TANKS MARKET
· JPM Group
· Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
· Agility Fuel Solutions
· Worthington Industries Inc.
· Hexagon Composites ASA
· Quantum Fuel Systems LLC
· Praxair Technologies Inc.
· Faber Industrie Spa
· Alternative Fuels Data Center
· Doosan Mobility Innovation
· Everest Kanto Cylinders Ltd.
· Avanco Group
· Nproxx
· Cenergy Solutions
· Rama Cylinders Private Limited
· Sahuwala Cylinders Ltd.
· Cevotec GmbH
· Steelhead Composites Inc.
· Euro India Cylinders Ltd.
· Other Players

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