Transparency Market Research Report Added "Natural Gas Refueling Infrastructure Market" to its database.
Albany, NY -- (SBWIRE) -- 06/23/2015 -- In context of the transportation sector, refueling infrastructure are cables, wires, dispensers, compressors, pumps, tankers, plant and equipment by which passenger or freight transport vehicles are supplied with natural gas, either in compressed form (CNG) or liquefied form (LNG). The refueling infrastructure for supply of natural gas involves establishing a distribution network from point of origin to the point of consumption. This network includes building a pipeline network or a transportation route from the port of delivery to a storage facility and transferring the stock from the reservoir or tanker to the pumping station. At the pumping station, besides the dispensers, underground reservoir and compressor need installed in case of no continuous supply through a pipeline. In recent years, many countries have managed to establish a pipeline network for urban gas refueling stations in order to reduce Compressed Natural Gas (CNG) and (LNG) transportation costs and their reliance on road transportation modes for delivery.
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The gas refueling infrastructure market is seeing an uptrend due to the introduction of technologically upgraded "intelligent" components and devices in the last couple of decades. These systems are interconnected to each other and can be centrally monitored and controlled using a server. This has led to overhauling of outdated gas refueling stations, predominantly in Europe and North America, which has increased the demand for gas refueling infrastructure components. Moreover, continued fluctuation in prices of gasoline, coupled with low reserves has prompted exploration companies to search for alternative transportation fuels, such as CNG and LNG. Due to its low calorific values and relative safety compared to gasoline, natural gas has been widely accepted as the best alternative to gasoline. This has given rise to further development of gas refueling infrastructure in most regions. Contrarily, colossal investments are required to establish a nationwide gas grid and economies need to ascertain their returns on such an investment before implementing the projects. Additionally, large portions of land need to be set aside or cleared to install storage and distribution facilities on them, which can turn out to be a restraint for an economy if it lacks acreage. But despite these hindrances, most regions are expected to experience strong growth in their gas refueling infrastructure over the next few years as new gas infrastructure is being built across the globe to meet rising demand.
Based on particular modules involved in the network, the gas infrastructure market can be segregated into gas storage, transportation pipelines, compression and pressure reduction stations, distribution centers, pumps and metering devices.
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The U.S. and Canada in the North American region dominate the present market for gas refueling infrastructure demand due to increased extraction and distribution of natural and shale gas. This could be overtaken by countries in Asia Pacific, most likely Russia, China, South Korea and Iran, due to rapid industrialization in these economies. Laying new pipelines in the African region could also drive up the requirement of a gas refueling infrastructure there. Growth prospects in the European region are predicted to be slim as the infrastructure there has already been established and the necessary systems are in place. Countries across the rest of the world such as in Latin America are also seeing a surge in demand for gas refueling infrastructure components.
Some of the key players involved in the setting up of gas utilities infrastructure are Blu. (Transfuels, LLC), Clean Energy Fuels Corporation, Cryostar SAS (The Linde Group), ENN Energy Holdings Ltd., Fuel Systems Solutions, Inc., General Electric Oil and Gas, Galileo Technologies, S.A., Siemens AG, Royal Dutch Shell plc and Trillium CNG (Integrys Energy Group).
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