CNG ISO Tank Container Market Scope
CNG ISO tank container is fluid storage device made up of robust materials to provide necessary strength. The various raw materials used for manufacturing of CNG ISO tank container involves metals, carbon fiber and other materials. Manufacturers are focusing on developing durable CNG tanks which require less materials. Also, growing fluid transportation in emerging countries are further expected to fuel the growth of the very market.
According to AMA, the Global CNG ISO Tank Container market is expected to see growth rate of 1.6% Research Analyst at AMA estimates that Chinese Manufacturers will contribute to the maximum growth of Global CNG ISO Tank Container market throughout the predicted period.
Hexagon Composites (Norway), Luxfer Group (United Kingdom), Quantum Technologies (United States), Everest Kanto Cylinders (India), Praxair Technologies (United States) and Faber Industries (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Bewellcn Shanghai Industrial Co. (China), Henan Jushixin Transportation Equipment Co., Ltd. (China), Ningbo DSW International Co., Ltd. (China), Qingdao Phillaya International Trading Co., Ltd. (China) and Shandong Shengrun Automobile Co., Ltd. (China).
Segmentation Overview
The study have segmented the market of Global CNG ISO Tank Container market by Type (< 25 FT, 25-35 FT and > 35 FT), by Application (Vehicles Transportation and Others Transportation) and Region with country level break-up.
On the basis of geography, the market of CNG ISO Tank Container has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Use of Light Weight Materials In Manufacturing
Market Growth Drivers:
Growing Demand for High Quality CNG ISO Tank Container for Effective Fluid Storage
Challenges:
Rising Raw Materials Prices
Restraints:
Lack of Refueling Infrastructure Facilities and High Cost of Alternative Cylinder Materials
Opportunities:
Growth in Oil and Gas Transportation Systems in Emerging Systems
Key Target Audience
CNG ISO Tank Container manufacturers, Raw Materials Suppliers/Distributors, End-users Industries, Potential Investors, Government Agencies, Research Institutes and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.