Compressed Natural Gas Industry, Global Press Release
Portland, OR -- (SBWIRE) -- 10/11/2017 -- Recent report published by Progressive Markets on the materials and chemicals sector, which titled, "Global Compressed Natural Gas Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", the industry is expected to grow at a CAGR of 12.5% during the period, 2017–2025. It is suitable for manufacturers and stakeholders owing to comprehensive analysis it offers of factors that increase or decrease growth of the market.
Analysts describe features that cause slow progress of the global compressed natural gas market, such as high investment cost during the initial period for CNG storage tanks. Moreover, the study offers key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides comprehensive evaluation of aspects that have potential to restrict or drive the industry.
Research gives a brief introduction of the global compressed natural gas market in terms of its scope. It offers summary which includes significant findings, market attractiveness, competitive landscape, recent developments, and trend analysis. It incorporates research methodology, such as Porter's Five Forces Analysis (PFFA) to understand rivalry in the industry. This also includes bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into sources, applications, and geographies.
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Study discusses big market players of the global compressed natural gas market, such as Indraprastha Gas Limited (IGL) (India), Mahanagar gas Limited (MNGL) (India), National Iranian Gas Company (Iran), OAO Gazprom (Russia), GNVert (France),Trillium CNG (U.S.), ANGI Energy Systems Inc. (U.S.), China Natural Gas Inc. (China), NeoGas Inc. (U.S.), and J-W Power Company (U.S.). It offers brief introduction of every manufacturer. Further, it analyzes business and finance segment of each company. It also evaluates recent advancements made by every firm. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include rise in government initiatives and policies. It discusses alternate aspects that propel demand of the industry, such as growth in demand for traditional transport fuels and automobile industry.
Report Based on source, the study segments the global compressed natural gas market into associated gas, unconventional methods, and non-associated gas. Geographically, it segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific. According to the study, applications of the industry include light duty vehicles, medium/heavy duty buses, and medium/heavy duty trucks. The study analyzes share of the industry by sources, applications, and geographies during the period, 2014–2025. It assesses market size of each application and source by region for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all countries of the industry during historic period and forecast period.
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