Cng Tanks Market Projected To Grow At A Steady Pace During 2021-2026
February 21, 2023 ⚊ 1 Min read ⚊ Views 54 ⚊ BUSINESSCompressed natural gas is becoming a viable choice for the automotive industry due to rising gasoline and diesel fuel prices and rising environmental concerns. Both tanks, metal as well as composite, are used in CNG vehicles with a huge dominance of metal ones, especially in Asia-Pacific and Europe, the two major markets for CNG tanks.
Composite tanks are lighter than their conventional equivalents (metal CNG tanks), resulting in weight savings, increased fuel storage capability, and improved vehicle fuel economy. The demand for natural gas-powered vehicles is burgeoning worldwide.
Tags: CNG Tanks Market