CNG, RNG, and Hydrogen Tanks Market Growth: 9.6% CAGR, $3.16B in 2022
In 2022, the CNG, RNG, and Hydrogen Tanks Market, valued at an impressive $3.16 billion, is set to experience robust growth with a projected Compound Annual Growth Rate (CAGR) of 9.6% over the forecast period. The surge in demand for clean and sustainable energy solutions, particularly in the transportation and industrial sectors, is steering the global Compressed Natural Gas (CNG), Renewable Natural Gas (RNG), and Hydrogen Tanks market. Stringent environmental regulations and the drive to reduce greenhouse gas emissions have fueled interest in CNG and RNG as low-carbon fuel alternatives, while hydrogen is gaining traction as a versatile energy carrier for fuel cell vehicles and various industrial applications.
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