Compressed Natural Gas (CNG) market
Compressed Natural Gas CNG Market
Compressed Natural Gas CNG Market By Source Unconventional Methods, Associated Gas and Non-Associated Gas and Application Heavy/Medium Duty Trucks, Heavy/Medium Duty Buses, Light Duty Vehicle LDV and Other Applications – Global Industry Analysis And Forecast To 2025
Industry Outlook
The compressed natural gas CNG is a source of fuel that is produced using natural gas compressing to under 1% of the standard atmospheric volume, or is about 3,600 PSI. This gas may be utilized instead of diesel or gasoline in any vehicle having the kit of CNG conversion accessible or the engine of CNG. The utilization of the natural gas as a fuel for vehicle was first presented in later years of 1800s, with the initial patented Natural Gas Vehicle NGV from the US. According to recent survey the number has expanded to more than 15 million CNG vehicles over the globe. The gas is safer compared to other options of fuel, even if it spills it will disperse quickly as been lighter than air. Therefore, the Compressed Natural Gas CNG Market is anticipated to expand and has tremendous scope during the forecast period. The global Compressed Natural Gas CNG Market anticipated to flourish in the future by growing at a significantly higher CAGR.
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Market Segmentation
On the basis of Source the market is further divided into Unconventional Methods, Associated Gas and Non-Associated Gas. The section non-associated gas is dominating the market owing to rising exploration of reservoirs related to unconventional and non-associated gas.
On the basis of Application the market is further divided into Heavy/Medium Duty Trucks, Heavy/Medium Duty Buses, Light Duty Vehicle LDV and Other Applications. The light duty vehicle LDV section is dominating the market owing to rising demand for vehicles running on natural gas due to rise in clean fuel automobiles, various players of market introducing CNG fuel tanks in-built in the automobiles, etc.
Regional Insights
The Asia Pacific region is dominating the market owing to factors like; rising demand for NGVs and increases in the income for spending with the middle class in the economies like India, Malaysia, China, etc., many public transport agencies opting to CNG vehicles and other factors.
Compressed Natural Gas CNG Market, By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
J-W Power Company
Indraprastha Gas Limited IGL
China Natural Gas Inc.
National Iranian Gas Company
NeoGas Inc.
Mahanagar Gas Limited MNGL
ANGI Energy Systems Inc.
GNVert
J-W Power Company
Trillium CNG
OAO Gazprom
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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