CNG, RNG, and Hydrogen Tanks Market Industry Share, Size, Trends, Revenue & Global Forecast
The global CNG, RNG, and hydrogen tank market industry size is projected to grow USD 2.5 billion in 2022 and is projected to reach USD 5.6 billion by 2030, at a CAGR of 10.7% from 2023 to 2030. During the forecast period, the CNG, RNG, and hydrogen tank market is expected to grow significantly in the coming years, driven by Increasing number of natural gas vehicles. The market is also expected to...
Increasing Number of Natural Gas Vehicles & Adoption of Green Hydrogen & RNG as Clean Fuel to Boost the CNG RNG and Hydrogen Tanks Market
The factors such as increasing number of natural gas vehicles, adoption of green hydrogen and RNG as a 100% clean fuel in developed economies, and stringent eco-friendly laws are boosting the demand for CNG, RNG, and hydrogen fuels. However, the market growth is restricted due to high cost of production of hydrogen and RNG and lack of required their refueling infrastructurein developing countries....