CNG
(Compressed natural gas) ISO (International Organization for Standardization)
tank container is made using cylinder shape with a semi-spherical shape
covering every end. The cylinder &semi-spherical shapes are the strong as
structural shapes have circular & spherical structure which provides
identical distribution of stress throughout the internal area of tank producing
maximum safety for the high-pressure vessel. CNG ISO tank are equipped with insulation,
electric heating or the refrigeration, steam heating to products which require
temperature control, protective linings, top and/or bottom discharge, and other
modifications. These containers are suitable for safe storage and the transport
of hazardous and the non-hazardous bulk liquid or the gas commodities. CNG ISO
containers are safe & provide availability of the reliable fuel storage on
the vehicle if properly installed, filled, protected, and maintained. These CNG
ISO tanks are fabricated from 100% metal, usually a steel alloy used in light
trucks, automobiles, medium & heavy-duty trucks, buses, gas transportation
modules and gas transport trailers around the world. All such tank containers
are built on and designed with the maximum quality and strictly with the latest
international approvals or the standards. The essential benefits include the
optimum safety & stout package, cost effectiveness, flexible pipeline
handling and storage immediate and low cost and security.
According
to study, “Global
CNG ISO Tank Container Market 2019 by Manufacturers, Regions, Type and
Application, Forecast to 2024” some of the key companies currently
operating as the global CNG ISO tank container market are Hexagon Composites,
Quantum Technologies, Luxfer Group, Praxair Technologies, Everest Kanto
Cylinders, Faber Industrie. These manufacturers only hold ISO9001, OHSAS18000,
ISO14000, and ISO/TS16949 certifications.
Based
on type, global ISO tank container market is segmented into less than 25 ft, 25
to 35 ft and above 35 ft. Based on fitting devices, market is segmented into
gauging devices, excess flow valves, loading or unloading valves and pressure
relief devices. Gauging devices include open & closed gauging devices and
rotary gauge. Based on manufacturing process, market is segmented into hot
shell nosing, rough machining, bottle neck cutting, steel tube inspection,
outside polishing, steam drying, quenching or heat treatment & tempering,
hydrostatic testing, inner tube inspection, inner shot peening, paint spraying &
assembly and non-destructive & air tight testing. Based on channel, market
is segmented into distributor segmentation and direct sales. Based on
application, market is segmented into vehicles transportation and others
transformations.
The
global CNG ISO tank container market is driven by increase in environmental
awareness, followed by rise in use of natural gas for the automotive industry
coupled with rise in government initiatives. Apart from the advantages, few of
factors hampering the market include high prices of composite cylinders,
followed by the limited refueling infrastructures. In addition, rise in price
of raw materials such as glass fiber, metals, carbon fiber, and other
components used in manufacturing of tank containers are some of the challenges
inhibiting the growth of the market.
The
CNG ISO tank container industry is concentrated with the high-end products
generally coming from the Western Europe and North America. In 2019, the market
in terms of value is expected to reach at US $56 million and is projected to
reach at US $65 million, by 2024.
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