Compressed Natural Gas Industry Overview
Portland, OR -- (SBWIRE) -- 08/01/2017 -- Global Compressed Natural Gas Market is expected to grow at a CAGR of 12.5% from 2017 to 2025. Compressed natural gas (CNG) is a colorless, odorless, and non-corrosive gas, produced when natural gas is compressed to less than 1% of the volume that it occupies at the standard atmospheric pressure. As compared to gasoline or diesel, CNG is a much cleaner fuel and thus, government of several nations, specifically that of Asia-Pacific and LAMEA, are supporting the adoption of CNG as a transportation fuel. Iran, Pakistan, China, Brazil, and Argentina are among the top five countries having highest number of vehicles running on CNG.
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Based on source, the Compressed Natural Gas Market is divided into associated gas, non-associated gas, and unconventional methods. According to application, it is categorized into light duty vehicles, medical/heavy duty trucks, and medium/heavy duty buses. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Compressed Natural Gas Market Dynamics:
Growing interest in automobile manufacturers regarding the development of dual fuel engines has led to an increase in the expenditure on R&D.
Rising demand for unconventional transport fuels coupled with increase in number of CNG powered vehicles is fueling the demand for CNG in Market.
Government initiatives including support policies, funding, and incentives has also assisted in the growth of CNG market in particular regions such as Asia-Pacific and LAMEA.
High initial investment costs for CNG storage tanks act as major barrier, restricting the adoption of CNG as a fuel.
Compressed Natural Gas Market Players:
The top players in the global compressed natural gas market include Indraprastha Gas Limited (IGL) (India), National Iranian Gas Company (Iran), Mahanagar gas Limited (MNGL) (India), OAO Gazprom (Russia), Trillium CNG (U.S.), GNVert (France), ANGI Energy Systems Inc. (U.S.), NeoGas Inc. (U.S.), China Natural Gas Inc. (China), and J-W Power Company (U.S.).
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Light duty vehicles
Medium/Heavy duty Trucks
Medium/Heavy duty Buses
- North America
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Table of Content for CNG Industry
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter's Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global CNG Market Shares Analysis, 2014-2025
3.4.1. Global CNG market share by source, 2014-2025
List of Tables
Contain 31 Tables
List of Figures
Contain 44 Figures
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