Compressed Natural Gas (CNG) Tank Market - Growth, Trends [2028], & Analysis
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Global Compressed Natural Gas (CNG) Tank Market has valued at USD 960.10 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.19% through 2028. The Compressed Natural Gas (CNG) Tank market refers to the sector of the global energy industry that involves the manufacturing, distribution, and utilization of specialized containers designed to store and transport compressed natural gas. Compressed natural gas, or CNG, is a cleaner and more environmentally friendly alternative to traditional fossil fuels such as gasoline and diesel. It is primarily composed of methane and is stored under high pressure within CNG tanks to maximize its energy density. The CNG tank market plays a pivotal role in the broader shift towards sustainable and eco-friendly energy solutions. These tanks are integral components of CNG-powered vehicles, including cars, trucks, buses, and even industrial equipment. They store the compressed gas safel...