CNG, RNG, and Hydrogen Tanks Market Report 2026

The cng, rng, and hydrogen tanks market size has grown rapidly in recent years. It will grow from $2.6 billion in 2025 to $2.86 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to growth in natural gas vehicles, government support for cleaner fuels, expansion of gas distribution networks, demand for mobile gas transport, availability of composite materials.

The cng, rng, and hydrogen tanks market size is expected to see rapid growth in the next few years. It will grow to $4.23 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to hydrogen economy development, expansion of zero emission transport, investments in alternative fuel infrastructure, stricter emission regulations, advancements in tank manufacturing technology. Major trends in the forecast period include rising adoption of type 4 composite tanks, growing demand for hydrogen storage solutions, expansion of cng and rng transportation infrastructure, increasing use in heavy duty vehicles, focus on lightweight and high pressure tank design.

The growing demand for natural gas is expected to drive the growth of the CNG, RNG, and hydrogen tanks market in the coming years. Natural gas is a volatile mixture of gases primarily composed of methane, along with trace amounts of higher alkanes, nitrogen, hydrogen sulfide, helium, and carbon dioxide. This increasing demand is driven by the widespread use of natural gas for electricity generation, industrial applications, and as a cleaner alternative to other fossil fuels. CNG, RNG, and hydrogen tanks support the storage and transportation of natural gas by offering advanced, lightweight compressed gas storage solutions. For example, in June 2025, the U.S. Energy Information Administration reported that natural gas accounted for approximately 38% of total U.S. energy production in 2024, while natural gas plant liquids, including fuels such as ethane and propane derived from natural gas processing, represented about 9% of total U.S. energy production, with NGPL output reaching a record 4 trillion cubic feet, a 7% increase compared to 2023. Consequently, the rising demand for natural gas is fueling the growth of the CNG, RNG, and hydrogen tanks market.

Major companies in the CNG, RNG, and hydrogen tanks market are strategically developing innovative products, such as hydrogen tanks, to meet customer needs reliably. Hydrogen tanks, designed to store hydrogen safely, are constructed from high-strength materials like carbon fiber composites or aluminum. Quantum Fuel Systems LLC introduced a next-generation Hydrogen Fuel Storage System in May 2023, featuring lightweight, resilient Type 4 hydrogen tanks that comply with industry safety and quality standards. The system, with its aerodynamic design, automotive-grade controller, and straightforward integration, demonstrates a commitment to advancing hydrogen storage solutions.

In August 2023, Apollo Global Management Inc., a US-based investment firm, acquired Composite Advanced Technologies Inc. for an undisclosed sum. Through this acquisition, Apollo aims to strengthen its position in the alternative fuels market by expanding the production and deployment of advanced storage and transportation solutions for CNG, RNG, and hydrogen. Composite Advanced Technologies Inc., based in the United States, provides Type IV composite cylinders and other high-pressure storage and transport systems for compressed and renewable natural gas, as well as hydrogen.

Major companies operating in the cng, rng, and hydrogen tanks market are Worthington Industries Inc., Rama Cylinders Private Limited, Luxfer Group, Hexagon Composites ASA, Everest Kanto Cylinders Ltd., Quantum Fuel Systems LLC, Sahuwala Cylinders Ltd., Avanco Group, Beijing Tianhai Industry Co. Ltd., Agility Fuel Solutions, Steelhead Composites Inc., NPROXX B.V., Ullit SA, Doosan Mobility Innovation Co. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Faber Industrie SpA, Praxair Technologies Inc., Xinyi Beijing Tianhai Industry Co. Ltd., CIMC ENRIC Holdings Limited, FIBA Technologies Inc., CNG Cylinders International, Natural Gas Vehicle Coalition, NGV Motori S p A, Cenergy Solutions, Infinite Cylinders Limited, Taiyo Nippon Sanso Corporation, VPS Group, OMNI CNG Systems LLC, Winkelmann Group, Luxshare Precision Co. Ltd.

Asia-Pacific was the largest region in the CNG, RNG and Hydrogen market in 2025. The regions covered in the cng, rng, and hydrogen tanks market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cng, rng, and hydrogen tanks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The CNG, RNG, and hydrogen tanks market consists of sales of tanks including fuel tanks for light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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