Lucintel's latest market report analyzed that high-pressure gas cylinder provides attractive opportunities in transportation, industrial gas and storage, and life support industries. The high-pressure gas cylinder market is expected to reach $2.3 billion by 2025 with a CAGR of 3.8%. In this market, high-pressure cylinder is the largest segment by material, whereas transportation is largest by end use industry. The development of composites fully wrapped high-pressure cylinder with no liner provides strategic growth path in this market.
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Based on material, the high-pressure gas cylinder market is segmented into
steel, composites, and aluminum. The steel segment accounted for the largest
share of the market in 2020 due to their low cost and composites is expected to
register the highest CAGR during the forecast period due to increase in natural
gas vehicles and growth of CNG gas in transportation market, such as
transportation, recreational, and healthcare industries.
Browse in-depth TOC on “High-Pressure
Gas Cylinder Market”
53 – Tables
88 – Figures
150 – Pages
The High-Pressure Gas
Cylinder Market is marked by the presence of several big and small players.
Some of the prominent players offering high-pressure gas cylinder include Faber
Industries, Luxfer Gas Cylinders, BTIC, Worthington Industries, Sinoma Science
& Technology, NK Co. Ltd. (Korea), Norris Cylinder, and Everest Kanto
Cylinder Ltd.
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Lucintel,
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winning strategies for growth. It offers market assessments, competitive
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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