Global Info Research’s report offers key insights into the recent developments in the global Steel Gas Cylinder market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the market to help them make informed decisions. Furthermore, the research report includes qualitative and quantitative analysis of the market to facilitate a comprehensive market understanding.This Steel Gas Cylinder research report will help market players to gain an edge over their competitors and expand their presence in the market.
According to our (Global Info Research) latest study, the global Steel Gas Cylinder market size was valued at US$ 2065 million in 2024 and is forecast to a readjusted size of USD 2959 million by 2031 with a CAGR of 5.3% during review period.
Steel gas cylinder is a container used to store and transport high-pressure gas, which is widely used in industry, medical treatment, fire fighting, food processing and diving. Steel gas cylinder is mainly made of high-quality carbon steel or alloy steel, with good mechanical strength and corrosion resistance, and can withstand high-pressure environment.
The steel gas cylinder industry is currently in a steady development stage and is an indispensable infrastructure in the field of gas storage and transportation. The industry widely serves industrial gases, energy, medical treatment, firefighting and other fields. Among them, the industrial gas market is still the traditional pillar of demand, and the rapid development of clean energy has become a new engine to promote industry growth. In recent years, the global promotion of clean energy such as hydrogen and natural gas and the growth of medical and health needs have driven the growth of demand for steel gas cylinders, especially high-performance and specialized gas cylinders. In the Chinese market, products are mainly low-end and mid-range. However, with the improvement of industry technical thresholds and stricter environmental protection standards, the market is gradually moving towards centralization and high-end development.
In terms of sales areas, the demand for steel gas cylinders shows obvious geographical distribution characteristics. Developed countries such as Europe and the United States are the main consumer markets for high-end steel gas cylinders due to their high degree of industrialization and widespread application of clean energy. These regions have higher requirements for the technical performance, safety and service life of gas cylinders, so high value-added products dominate the market. Emerging markets such as Southeast Asia, South Asia, Africa and the Middle East are dominated by demand for mid- and low-end products and are more price sensitive. The regional distribution of the Chinese market is mainly in the eastern coastal areas, where industrial demand is strong and infrastructure is well-developed; at the same time, with the advancement of the country's clean energy policy, demand in inland and western regions is also growing rapidly. Southeast Asia and India, as regions with relatively fast regional economic development, have gradually become important export destinations. At the regional level, the Chinese market has changed rapidly in the past few years. The market size in 2023 is US$343 million, accounting for about 18.02% of the world. It is expected to reach US$556 million in 2030, and the global share will reach 20.12% by then.
At present, the world's major manufacturers include Worthington Industries, Cylinders Holding, Everest Kanto Cylinder, Rama Cylinders and Norris Cylinder Company. In 2023, the share of major manufacturers will exceed 54%. It is expected that the industry competition will become more intense in the next few years, especially in the Chinese market.
Looking ahead, the steel gas cylinder industry will usher in many development opportunities. The transformation of the global energy structure has created unprecedented growth space for the industry, especially in the fields of hydrogen energy storage and transportation and natural gas, and the demand for high-pressure and high-performance gas cylinders is increasing. At the same time, the innovation of manufacturing technology has promoted the widespread application of lightweight materials, high-strength design and intelligent monitoring technology for gas cylinders, which will greatly improve the safety and market competitiveness of products. In addition, the trend of globalization and the rise of emerging markets provide new possibilities for companies to expand into international markets.
This report is a detailed and comprehensive analysis for global Steel Gas Cylinder market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
We have conducted an analysis of the following leading players/manufacturers in the Steel Gas Cylinder industry:
Worthington Industries、Cylinders Holding、Everest Kanto Cylinder、Rama Cylinders、Linde Group、Vítkovice、Norris Cylinder Company、Air Liquide、Beijing Tianhai Industrial、Zhejiang Jindun Pressure Vessel、Hebei Baigong Industrial Co., Ltd.、Nippon Sanso、NK Co., Ltd.、Sinoma Science and Technology、Messer、Shandong Yongan Special Equipment、Shandong Huachen High Pressure Vessel Group、Jai Maruti Gas Cylinders Ltd.、Faber Industrie、Gelest、MSA Safety
Market segment by Type： Seamless Gas Cylinder、Welded Gas Cylinder
Market segment by Application：Food Industry、Medical Industry、General Industry、Others
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Report analysis:
The Steel Gas Cylinder report encompasses a diverse array of critical facets, comprising feasibility analysis, financial standing, merger and acquisition insights, detailed company profiles, and much more. It offers a comprehensive repository of data regarding marketing channels, raw material expenses, manufacturing facilities, and an exhaustive industry chain analysis. This treasure trove of information equips stakeholders with profound insights into the feasibility and fiscal sustainability of various facets within the market.
Illuminates the strategic maneuvers executed by companies, elucidates their corporate profiles, and unravels the intricate dynamics of the industry value chain. In sum, the Steel Gas Cylinder report delivers a comprehensive and holistic understanding of the markets multifaceted dynamics, empowering stakeholders with the knowledge they need to make informed decisions and navigate the market landscape effectively.
Conducts a simultaneous analysis of production capacity, market value, product categories, and diverse applications within the Steel Gas Cylinder market. It places a spotlight on prime regions while also performing a thorough examination of potential threats and opportunities, coupled with an all-encompassing SWOT analysis. This approach empowers stakeholders with insights into production capabilities, market worth, product diversity, and the markets application prospects.
Assesses strengths, weaknesses, opportunities, and threats, offering stakeholders a comprehensive understanding of the Steel Gas Cylinder markets landscape and the essential information needed to make well-informed decisions.
Market Size Estimation & Method Of Prediction
1. Estimation of historical data based on secondary and primary data.
2. Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
3. Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
4. Consideration of geography, region-specific product/service demand for region segments
5. Consideration of product utilization rates, product demand outlook for segments by application or end-user.
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Global Info Research is a company that digs deep into Global industry information to Steel Gas Cylinder enterprises with market strategies and in-depth market development analysis reports. We provide market information consulting services in the Global region to Steel Gas Cylinder enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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