Liquefied Natural Gas Cylinders Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global Liquefied Natural Gas (LNG) cylinders market was valued at approximately USD 4.8 billion in 2022. With a robust growth trajectory, it is projected to expand at a compound annual growth rate (CAGR) of around 7.2% from 2023 to 2030. This growth is largely driven by the increasing adoption of LNG as a cleaner alternative to traditional fossil fuels, coupled with rising investments in infrastructure development for LNG storage and distribution. The market benefits from the growing demand for energy-efficient solutions and the global push towards reducing carbon emissions, which is significantly enhancing the uptake of LNG cylinders across various applications including industrial, automotive, and residential sectors.
Emerging markets present notable opportunities for expansion within the LNG cylinders sector. Rapid industrialization, urbanization, and the corresponding demand for cleaner energy sources in regions such as Asia-Pacific and the Middle East are contributing to accelerated market growth. Additionally, supportive government policies aimed at fostering energy security and sustainability are likely to drive further adoption of LNG cylinders. Innovations in cylinder technology and advancements in storage solutions are also expected to create new avenues for market players. The burgeoning interest in LNG-powered vehicles and the expansion of LNG refueling infrastructure are anticipated to further bolster market prospects in these high-growth regions.
Get an In-Depth Research Analysis of the Global Liquefied Natural Gas Cylinders Market Size And Forecast [2025-2032]
Flogas
Lapesa
Beijing Tianhai Industry
Cryo-Tech
Waukesha Gas Engines
Shandong AuYan New Energy Technology Co.
Ltd.
Luxfer
Wuxi Hansheng Pressure Vessel Industrial Co.
Ltd.
EKC
Qingdao Ruiming Blue Sky Energy Co.
Ltd.
Wuxi Longterm Machinery Technologies Co.
Ltd.
Hexagon
Avanco
Hangzhou ChengYingYi Energy Technology Co.
Ltd.
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.
Get Discount On The Purchase of the Global Liquefied Natural Gas Cylinders Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Liquefied Natural Gas Cylinders Market
Food Industry
Medical Industry
Others
Based on Types the Market is categorized into Below types that held the largest Liquefied Natural Gas Cylinders market share In 2023.
Steel
Aluminum
Composite Materials
Other
Global (United States, Global 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)
For More Information or Query, Visit @ Liquefied Natural Gas Cylinders Market Research Analysis
1. Introduction of the Global Liquefied Natural Gas Cylinders 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. Global Liquefied Natural Gas Cylinders Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Liquefied Natural Gas Cylinders Market, By Type
6. Global Liquefied Natural Gas Cylinders Market, By Application
7. Global Liquefied Natural Gas Cylinders Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Liquefied Natural Gas Cylinders Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/