Companies Dominating the Compressed Natural Gas (CNG) Tanks Market
- PJSC Gazprom
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- TotalEnergies SE
- Faber Industrie S.p.A
- Hexagon Composites ASA
- Luxfer Gas Cylinders
- Ullit SA
- Worthington Industries, Inc.
- Owens Corning
- Andy-Tec
- Quantum Fuel Systems LLC.
- NGV Technology
- Everest Kanto Cylinder Limited
- We R CNG
- Beijing Tianhai Industry Co. Ltd.
- National Iranian Gas Company
- Chevron Corporation
- Indraprastha Gas Limited
- Phillips 66 Company
- Exxon Mobil Corporation
- Royal Dutch Shell Plc
- Occidental Petroleum Corporation
- JW Power Company
The major manufacturers of compressed natural gas tanks are employing various organic and inorganic marketing strategies to uplift their position in the competitive space. The leading companies are investing heavily in research and development activities to uplift their product portfolios. They are also entering into strategic collaborations and partnerships with other players to accelerate their production cycles. The industry giants are mainly targeting untapped compressed natural gas tanks markets to earn higher gains. The organic sales are expected to register a double-digit percent revenue growth in the coming years.
Some of the key players include:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
The global compressed natural gas (CNG) tank market will be valued at USD 200.8 billion in 2025.
Expanding at a CAGR of 12.1%, the global market is expected to increase from USD 179.2 billion in 2024 to USD 790.7 billion by 2037.
Some leading companies are PJSC Gazprom, TotalEnergies SE, Faber Industrie S.p.A, Hexagon Composites ASA, and Luxfer Gas Cylinders.
The light-duty vehicles segment is estimated to capture a high 65.7% of the market share through 2037.
Asia Pacific is expected to hold 49.5% of the global market share through 2037.
