Acknowledging the kind of traction gained by this market, recently published a study report asserts the The global Internet of Things (IoT) Operating Systems market was valued at 374.91 Million USD in 2020 and will grow with a CAGR of 4.2% from 2022 to 2027.
High-pressure LPG Cylinder Market Overview
“High-pressure LPG Cylinder Market" by Academic gives an insight into the swerving modern condition and the future growth of the industry for a length of 2022 to 2027. It accurately gives the obligatory info and its leading-edge analysis to assist formulate the optimal commercial method and to agree the suitable path for maximum growth for the players on this market. High-pressure LPG Cylinder market is split by Type and by Application. For the period 2022-2027, the growth amongst segments provides accurate cunnings and estimates for sales by Type and by Submission in terms of volume and value. This analysis can help you expand your commercial by directing capable niche markets.High-pressure LPG Cylinder is a storage device that designed for the storing and moving of liquefied petroleum gas. High-pressure LPG cylinder has a vast variation of uses, most knowingly domestic use. It is suitable for both indoor and outdoor use, with caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, structure, recreation, hospitality, agricultural, calefaction and fishing.
Who are the Major Players in High-pressure LPG Cylinder Market?
The High-pressure LPG Cylinder Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. These are the main players in this market includes Worthington Industries, Aygaz, Butagaz, EVAS, Hexagon Ragasco, Faber Industrie, Gaz Liquid Industrie (GLI), VÍTKOVICE, Luxfer Gas Cylinders, Aburi Composites, Huanri, Hebei Baigong, Sahamitr Pressure Container, Mauria Udyog, Jiangsu Minsheng, Bhiwadi Cylinders, MetalMate and others.
Recent Developments:
Worthington Industries introduces ThermaGuard™ hydrogen cylinders, a new solution for transporting and storing high-pressure hydrogen gas
Feb. 03, 2021- Worthington Industries, Inc. (NYSE:WOR) announced the release of ThermaGuard™ hydrogen cylinders, a new product optimized to meet the unique needs of hydrogen fuel. Meticulously developed using Worthington’s aerospace-grade standards, ThermaGuard hydrogen cylinders are proven to be a more efficient means of transporting and storing high-pressure hydrogen gas.
What are the major Applications, Types and Regions for High-pressure LPG Cylinder Market?
By Type, it is segmented into
- LPG Steel Cylinders
- LPG Composite Cylinders
By Applications it is segmented into
- Domestic Use
- Automotive
- Others
High-pressure LPG Cylinder Market Regional Analysis
In North America, High-pressure LPG Cylinder key manufacturers include Worthington Industries, Luxfer Gas Cylinders, Manchester Tank, etc. Global top 3 players hold a share about 79%. In terms of product, LPG Steel Cylinder is the major segment, with a share over 90%. And in terms of application, the major application is Kitchen and Domestic Use, followed by Automotive Use and other.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our High-pressure LPG Cylinder Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 4.2% during the review period (2022 to 2027).
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By Type
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- LPG Steel Cylinders
- LPG Composite Cylinders
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By Application
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- Domestic Use
- Automotive
- Others
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By Companies
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Worthington Industries, Aygaz, Butagaz, EVAS, Hexagon Ragasco, Faber Industrie, Gaz Liquid Industrie (GLI), VÍTKOVICE, Luxfer Gas Cylinders
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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161
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this High-pressure LPG Cylinder Report
- Evaluate High-pressure LPG Cylinder market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the High-pressure LPG Cylinder market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the anticipated CAGR of this market in the forecast period?
High-pressure LPG Cylinder Market to expand at a CAGR of 4.2% during the forecast period 2027
Which region has highest growth in High-pressure LPG Cylinder Market?
Asia Pacific is estimated to show prominent growth in the High-pressure LPG Cylinder Market
What is the total market worth of High-pressure LPG Cylinder Market?
High-pressure LPG Cylinder Market is expected to rise to US$ 17.9 billion by 2027
Who are the prime players in the global High-pressure LPG Cylinder Market?
Worthington Industries, Aygaz, Butagaz, EVAS, Hexagon Ragasco, Faber Industrie, Gaz Liquid Industrie (GLI), VÍTKOVICE, Luxfer Gas Cylinders
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
