High-Pressure Gas Cylinder Market size was valued at US$ 2.05 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.8% through 2023 to 2029, reaching nearly US$ 2.66 Bn.High-Pressure Gas Cylinder Market Overview:
The Global High-Pressure Gas Cylinder market was valued at US $2.05 Bn. in 2022, and it is expected to reach US $2.66 Bn. by 2029 with a CAGR of 3.8% during the forecast period. Bottles are another name for high-pressure gas cylinders. Depending on the physical features of the contents, the stored contents may be compressed gas, vapour over liquid, supercritical fluid, or dissolved in a substrate material inside the cylinder. High-pressure cylinders are useful for transporting and storing compressed gases in a safe manner. High-pressure gas cylinders and tube trailers in aluminium and steel are available from Air Liquide in a variety of sizes.To know about the Research Methodology :- Request Free Sample Report
High-Pressure Gas Cylinder Market Dynamics:
The major factors that drive the growth of the global market in the forecast period are the new vehicle models with CNG as a fuel system are being developed, increasing demand for breathing apparatus, the increased use of high-pressure cylinders in the medical and fire-fighting industries. The market for high-pressure gas cylinders is being driven by the growing number of natural gas vehicles (NGVs) and the decreasing cost of natural gas, which drives demand for CNG cylinders. The safety issues and stringent qualification tests are the major restraints which are expected to hamper the global market growth during the forecast period.High-Pressure Gas Cylinder Market Segment Analysis:
Based on the Material, the market is segmented into Steel, Composites, and Aluminium. Steel based High-Pressure Gas Cylinder segment is expected to hold the largest market share of xx% by 2029. Increasing demand for steel-based high-pressure gas cylinder in various industries such as transportation, industrial gas and storage, and others due to their low cost is the key benefit of Steel based High-Pressure Gas Cylinder is that drives the growth in the global market in the forecast period. Due to the increase in natural gas vehicles and the growth of CNG gas in the transportation industry, such as transportation, recreational, and healthcare industries, the composites high-pressure cylinder segment is expected to grow at a rapid rate. Based on the End-Use Industry, the market is segmented into Transportation, Industrial Gas and Storage, Life Support, and Others. The transportation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The market for high-pressure gas cylinders in the transportation industry are being driven by the growing number of natural gas vehicles (NGVs) and the decreasing cost of natural gas, which drives demand for CNG cylinders. These are the key factors that drive the growth of the transportation industry segment in the global market in the forecast period. Based on the Tank Type, the market is segmented into Type I, Type II, Type III, and Type IV. Type II segments are expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Steel or aluminum are commonly used to make Type 1 gas cylinders. They are the cheapest and heaviest cylinders available. As a result, they're best suited to static applications and high-volume industrial applications. Type II gas cylinders are made of aluminium with a carbon fiber hoop. Type II cylinders are ideal for a variety of applications where low weight and high pressure are less required. These are the key factors that drive the growth of Type I and Type II high-pressure gas cylinders segments in the global market in the forecast period.Regional Insights:
Asia Pacific dominates the Global Market during the forecast period 2023-2029. The Asia Pacific is expected to hold the largest market shares of xx% by 2029. The rising demand for industrial gases and CNG vehicles in the region is the key factor that drives the growth in the Asia Pacific in the global market in the forecast period. With a market share of around 50%, Everest Kanto Cylinder is India's top player in high-pressure gas cylinders. Tata Motors, Bajaj Auto, Hyundai, Toyota, BOC India, Praxair, Mahanagar Gas, and Adani Gas are among the company's 150 clients from several verticals, including automobile OEMs/aftermarket, city gas distribution, industrials, cylinder cascades, medical sector, fire fighting equipment, and defence. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global market dynamic, structure by analyzing the market segments and project the Global Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.High-Pressure Gas Cylinder Market Scope: Inquire before buying
High-Pressure Gas Cylinder Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 3.8% US$ 2.05 Bn US$ 2.66 Bn Segments Covered by Material Steel Composites Aluminum by End Use Industry Transportation Industrial Gas and Storage Life Support Others by Tank Type Type I Type II Type III Type IV Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Key Players:
1. Faber Industries 2. Luxfer Gas Cylinders 3. BTIC 4. Worthington Industries 5. Sinoma Science & Technology 6. NK Co. Ltd. (Korea) 7. Norris Cylinder 8. Everest Kanto Cylinder Ltd. 9. Deluxe Industrial Gases 10. Noble Engineers 11. Maharashtra Gas Co. 12. Universal Refrigeration & Cryo Systems 13. Mars Engineering and Traders 14. MSR India Limited 15. OxyVac India Works 16. OthersFrequently Asked Questions:
1] What segments are covered in High-Pressure Gas Cylinder Market report? Ans. The segments covered in High-Pressure Gas Cylinder Market report are based on Material, End Use Industry, and Tank Type. 2] Which region is expected to hold the highest share in the global High-Pressure Gas Cylinder Market? Ans. Asia Pacific is expected to hold the highest share in the global High-Pressure Gas Cylinder Market. 3] Who are the top key players in the global High-Pressure Gas Cylinder Market? Ans. Faber Industries, Luxfer Gas Cylinders, BTIC, Worthington Industries, Sinoma Science & Technology, and Everest Kanto Cylinder Ltd. are the top key players in the global High-Pressure Gas Cylinder Market. 4] Which segment holds the largest market share in the global High-Pressure Gas Cylinder market by 2029? Ans. Steel based High-Pressure Gas Cylinder segment hold the largest market share in the global High-Pressure Gas Cylinder market by 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global High-Pressure Gas Cylinder Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the High-Pressure Gas Cylinder Market 3.4. Geographical Snapshot of the High-Pressure Gas Cylinder Market, By Manufacturer share 4. Global High-Pressure Gas Cylinder Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global High-Pressure Gas Cylinder Market 5. Supply Side and Demand Side Indicators 6. Global High-Pressure Gas Cylinder Market Analysis and Forecast, 2022-2029 6.1. Global High-Pressure Gas Cylinder Market Size & Y-o-Y Growth Analysis. 7. Global High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 7.1.1. Steel 7.1.2. Composites 7.1.3. Aluminum 7.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 7.2.1. Transportation 7.2.2. Industrial Gas and Storage 7.2.3. Life Support 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 7.3.1. Type I 7.3.2. Type II 7.3.3. Type III 7.3.4. Type IV 8. Global High-Pressure Gas Cylinder Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 9.1.1. Steel 9.1.2. Composites 9.1.3. Aluminum 9.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 9.2.1. Transportation 9.2.2. Industrial Gas and Storage 9.2.3. Life Support 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 9.3.1. Type I 9.3.2. Type II 9.3.3. Type III 9.3.4. Type IV 10. North America High-Pressure Gas Cylinder Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 12. Canada High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 13. Mexico High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 14. Europe High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 15. Europe High-Pressure Gas Cylinder Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 17. France High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 18. Germany High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 19. Italy High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 20. Spain High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 21. Sweden High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 22. CIS Countries High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 23. Rest of Europe High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 24. Asia Pacific High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 25. Asia Pacific High-Pressure Gas Cylinder Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 27. India High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 28. Japan High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 29. South Korea High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 30. Australia Crushing and Screening Systems Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 31. ASEAN High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 32. Rest of Asia Pacific High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 33. Middle East Africa High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 34. Middle East Africa High-Pressure Gas Cylinder Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 36. GCC Countries High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 37. Egypt High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 38. Nigeria High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 39. Rest of ME&A High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 40. South America High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 41. South America High-Pressure Gas Cylinder Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 43. Argentina High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 44. Rest of South America High-Pressure Gas Cylinder Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Tank Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global High-Pressure Gas Cylinder Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Faber Industries 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Luxfer Gas Cylinders 45.3.3. BTIC 45.3.4. Worthington Industries 45.3.5. Sinoma Science & Technology 45.3.6. NK Co. Ltd. (Korea) 45.3.7. Norris Cylinder 45.3.8. Everest Kanto Cylinder Ltd. 45.3.9. Deluxe Industrial Gases 45.3.10. Noble Engineers 45.3.11. Maharashtra Gas Co. 45.3.12. Universal Refrigeration & Cryo Systems 45.3.13. Mars Engineering and Traders 45.3.14. MSR India Limited 45.3.15. OxyVac India Works 45.3.16. Others 46. Primary Key Insights