United States High Pressure Composite Gas Cylinder Market was valued at USD 0.72 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 6.80% from 2024 to 2030.
The US High Pressure Composite Gas Cylinder market is witnessing significant growth due to the increasing demand across various industries, including automotive, medical, and energy sectors. These cylinders, known for their lightweight yet durable design, are becoming a preferred choice for storing and transporting gases at high pressures. Composite cylinders are made by reinforcing a plastic or metal liner with composite materials, typically carbon fiber, which makes them stronger, lighter, and more resistant to corrosion compared to traditional steel cylinders. This market has been propelled by the growing need for safe and efficient gas storage solutions in industries where the storage and transportation of compressed gases are critical.
In the automotive industry, high pressure composite gas cylinders are extensively used for compressed natural gas (CNG) storage in vehicles. As the global push for cleaner and greener fuel alternatives intensifies, the demand for CNG-powered vehicles is on the rise. High pressure composite gas cylinders are not only ideal for reducing vehicle weight but also offer high storage capacity, making them a vital component for the success of CNG technology.
In the medical industry, these cylinders are indispensable for storing oxygen and other medical gases. Their lightweight and high-strength nature make them easy to transport and handle, which is critical in emergency situations. With the growing demand for medical gases, especially oxygen, high pressure composite gas cylinders are becoming a preferred choice due to their safety and efficiency. Hospitals and healthcare facilities are investing in these cylinders to ensure the continuous supply of vital gases, especially during high-demand scenarios like the COVID-19 pandemic.
The energy sector is another significant consumer of high pressure composite gas cylinders. These cylinders are used in the storage and transportation of gases such as hydrogen, which plays a crucial role in the development of sustainable energy solutions. As the focus shifts towards renewable energy sources, the demand for hydrogen storage solutions is expected to grow, further driving the need for high pressure composite gas cylinders in this sector.
The demand from these diverse industries is reshaping the landscape of the US High Pressure Composite Gas Cylinder market. The growing emphasis on safety, durability, and efficiency, combined with advancements in materials technology, is ensuring that composite cylinders continue to be a vital part of the gas storage industry.
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Luxfer Gas Cylinders
Advanced Material Systems
Hexagon Ragasco
Doosan Mobility Innovation
Catalina Cylinders
Shenyang Gas Cylinder Safety
Sinoma Science & Technology
TIANHAI INDUSTRY
SAMTECH
Alsafe
NPROXX
Linde Industrial Gases
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US High Pressure Composite Gas Cylinder Market
Carbon Fiber Reinforced Polymer (CFRP)
Glass Fiber Reinforced Polymer (GFRP)
Steel-Lined Composite
Aluminum-Lined Composite
Aerospace
Industrial
Medical
Automotive
Oil & Gas
Fire & Safety
Small Capacity Cylinders (up to 10 liters)
Medium Capacity Cylinders (10 to 50 liters)
Large Capacity Cylinders (above 50 liters)
Filament Winding
Resin Transfer Molding (RTM)
Compression Molding
Injection Molding
Aviation (Commercial and Military)
Healthcare (Hospitals and Clinics)
Manufacturing (Food & Beverage, Chemicals)
Automotive (Fuel Systems)
Energy (Renewable and Non-Renewable Sources)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US High Pressure Composite Gas Cylinder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US High Pressure Composite Gas Cylinder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US High Pressure Composite Gas Cylinder Market, By Type
6. US High Pressure Composite Gas Cylinder Market, By Application
7. US High Pressure Composite Gas Cylinder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US High Pressure Composite Gas Cylinder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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