Compressed Natural Gas Market Reach at $36,035 Million, Growing at a CAGR of 14.1% from 2017 to 2023
Compressed natural gas (CNG) is produced by compressing natural gas to less than one percent of the volume and is stored in cylinders at a pressure of 2025 MPa. CNG is used in internal combustion engine of automobiles modified for gasoline/diesel, which further propel its market growth. Global consumption of CNG is dependent upon the number of CNG powered natural gas vehicles in operation. The global compressed natural gas market was valued at $14,842 million in 2016, and is projected...
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