Home » Energy » Oil & Gas » Compressed Natural Gas (CNG) Market

Compressed Natural Gas (CNG) Market By Application (Light Passenger Vehicles, Medium duty/heavy duty (MD/HD) Buses, Medium duty/heavy duty (MD/HD) Trucks), By Source (Associated Gas, Non- Associated Gas, Unconventional Gas) – Growth, Future Prospects And Competitive Analysis, 2016 – 2024

Price: $4999

Published: | Report ID: 3966 | Report Format : PDF

Market Insights

This report, titled “Compressed Natural Gas (CNG) Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024,” offers strategic insights into the trends in the CNG market along with the market size and forecast for the duration of 2013–2024. The said research study incorporates an in-depth analysis of multiple market segments based on source, application, and geographical distribution.

The global compressed natural gas (CNG) market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to reach full capabilities and gain an international footprint. In addition, several players are also focused on developing their niche in the market. This market’s rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across North America, Europe, Latin America, and Asia Pacific.

Based on the source, the global CNG market is categorized into three categories: associated gas, non-associated gas, and unconventional gas. On the basis of application, the global CNG market is segmented into light passenger vehicles, medium- and heavy-duty buses, medium- and heavy-duty trucks, and others (autos). In addition, natural gas-producing companies, refining companies, and academic organizations form the major client types for the CNG market. The market size (US$ Bn) and forecast for all the considered segmentations are presented in this report for the period 2013–2024, along with their respective CAGRs (%) for the forecast period 2016–2024.

In terms of geographical distribution, global CNG is studied in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global CNG market is described as follows:

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global CNG market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of CNG.

Based on the application, the global compressed natural gas (CNG) market is segmented as follows:

  • Light Passenger Vehicles
  • Medium-duty/heavy-duty (MD/HD) Buses
  • Medium-duty/heavy-duty (MD/HD) Trucks
  • Others (Autos)

The global compressed natural gas (CNG) market is classified according to application. Among applications, the light passenger vehicle segment was observed to be the largest segment in 2015 in the compressed natural gas (CNG) market, owing to the growing popularity of CNG as an auto fuel due to the higher efficiency of CNG-powered vehicles. Further, growth in the number of passenger cars due to increasing per capita disposable income of the middle class, especially in China and India, is expected to increase the demand for automobile fuel, which in turn is projected to fuel the demand for CNG during the forecast period.

The segment is anticipated to grow at a significant rate and is projected to maintain its dominance over the forecast period. The segment is anticipated to witness high growth over the forecast period (2016–2024). Medium- and heavy-duty buses and trucks are expected to collectively account for over 35% of the revenue share of the global compressed natural gas market.

Both segments are anticipated to grow at a significant rate owing to various government initiatives across key regions of the globe to promote CNG-operated buses and trucks with a focus on minimizing greenhouse gas emissions. The segment is expected to gain significant market share by 2023.

Based on the source, the global compressed natural gas (CNG) market is segmented as follows:

  • Associated Gas
  • Non-Associated Gas
  • Unconventional Gas

The global compressed natural gas (CNG) market is classified according to its source. Among sources, the non-associated segment was the most dominant segment in 2015 and is anticipated to continue its dominance over the forecast period. Increasing exploration and production of conventional natural gas reserves, especially in the Middle East and Africa, is anticipated to drive the growth of the segment during the forecast period.

The unconventional gas segment is expected to be the fastest-growing segment during the forecast period. Growing shale gas production in the U.S., Canada, and China is anticipated to fuel the supply of natural gas through unconventional reserves over the forecast period (2016–2024).

For the purpose of this study, the global compressed natural gas (CNG) market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Asia Pacific is projected to be the key consuming market in the global compressed natural gas (CNG) market during the forecast period (2016–2024). An increasing number of natural gas-powered automobiles coupled with increased investment in infrastructure for CNG storage and distribution facilities in the region is projected to augment the demand for CNG in the region.

Further favorable regulatory support is needed to promote CNG as an alternative auto fuel due to its low greenhouse gas emission characteristics. The region is also projected to witness the highest growth over the forecast period (2016–2024). Following it, North America is expected to be the second-largest market in the global CNG market. Natural gas vehicle fuel consumption has witnessed a growth of 10% since 2015, coupled with favorable regulatory policies and a growing desire to earn carbon credits. The region is projected to grow at a steady rate during the forecast period (2016–2024).

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Compressed Natural Gas (CNG) Market Snapshot
2.1.1. Global Compressed Natural Gas (CNG) Market by Source, 2015
2.1.2. Global Compressed Natural Gas (CNG) Market by Application, 2015
2.1.3. Global Compressed Natural Gas (CNG) Market by Geography, 2015
2.1.4. Market Drivers, Challenges and Trends

3. Global Compressed Natural Gas (CNG) Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
4.1. Overview
4.1.1. Market Share Analysis by Source, 2015 vs. 2024
4.1.2. Attractive Investment Proposition by Source
4.2. Associated Gas
4.3. Non- Associated Gas
4.4. Unconventional Gas

5. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 vs. 2024
5.1.2. Attractive Investment Proposition by Application
5.2. Light Passenger Vehicles
5.3. Medium duty/heavy duty (MD/HD) Buses
5.4. Medium duty/heavy duty (MD/HD) Trucks
5.5. Others (Autos)

6. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Geography, 2013 – 2024
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2015 vs. 2024
6.1.2. Attractive Investment Proposition by Geography
6.2. North America Compressed Natural Gas (CNG) Market Analysis, 2013 – 2024
6.2.1. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2013 – 2024
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
6.2.2.1. Associated Gas
6.2.2.2. Non- Associated Gas
6.2.2.3. Unconventional Gas
6.2.3. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
6.2.3.1. Light Passenger Vehicles
6.2.3.2. Medium duty/heavy duty (MD/HD) Buses
6.2.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.2.3.4. Others (Autos)
6.3. Europe Compressed Natural Gas (CNG) Market Analysis, 2013 – 2024
6.3.1. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2013 – 2024
6.3.1.1. Russia
6.3.1.2. U.K
6.3.1.3. Rest of Europe
6.3.2. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
6.3.2.1. Associated Gas
6.3.2.2. Non- Associated Gas
6.3.2.3. Unconventional Gas
6.3.3. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
6.3.3.1. Light Passenger Vehicles
6.3.3.2. Medium duty/heavy duty (MD/HD) Buses
6.3.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.3.3.4. Others (Autos)
6.4. Asia Pacific Compressed Natural Gas (CNG) Market Analysis, 2013 – 2024
6.4.1. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2013 – 2024
6.4.1.1. Japan
6.4.1.2. China
6.4.1.3. India
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
6.4.2.1. Associated Gas
6.4.2.2. Non- Associated Gas
6.4.2.3. Unconventional Gas
6.4.3. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
6.4.3.1. Light Passenger Vehicles
6.4.3.2. Medium duty/heavy duty (MD/HD) Buses
6.4.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.4.3.4. Others (Autos)
6.5. Latin America Compressed Natural Gas (CNG) Market Analysis, 2013 – 2024
6.5.1. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2013 – 2024
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
6.5.2.1. Associated Gas
6.5.2.2. Non- Associated Gas
6.5.2.3. Unconventional Gas
6.5.3. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
6.5.3.1. Light Passenger Vehicles
6.5.3.2. Medium duty/heavy duty (MD/HD) Buses
6.5.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.5.3.4. Others (Autos)
6.6. Middle East & Africa (MEA) Compressed Natural Gas (CNG) Market Analysis, 2013 – 2024
6.6.1. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2013 – 2024
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2013 – 2024
6.6.2.1. Associated Gas
6.6.2.2. Non- Associated Gas
6.6.2.3. Unconventional Gas
6.6.3. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2013 – 2024
6.6.3.1. Light Passenger Vehicles
6.6.3.2. Medium duty/heavy duty (MD/HD) Buses
6.6.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.6.3.4. Others (Autos)

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. British Petroleum plc.
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.1.5. SWOT Analysis
7.2.2. Gazprom
7.2.3. Exxon Mobil Corporation
7.2.4. Royal Dutch Shell plc.
7.2.5. Total SA
7.2.6. China National Petroleum Corporation
7.2.7. Chevron
7.2.8. Eni SpA
7.2.9. Statoil
7.2.10. ConocoPhillips
7.2.11. Reliance Industries Ltd. (RIL)
7.2.12. Other Notable Players

List of Figures

Figure 01: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, 2013-2024
Figure 02: Global Compressed Natural Gas (CNG) Market Share (%) by Source, 2015 vs. 2024
Figure 03: Global Compressed Natural Gas (CNG) Market Investment Proposition by Source, 2016
Figure 04: Global Compressed Natural Gas (CNG) Market Share (%) by Application, 2015 vs. 2024
Figure 05: Global Compressed Natural Gas (CNG) Market Investment Proposition by Application, 2016
Figure 06: Global Compressed Natural Gas (CNG) Market Share Analysis (%) by Geography, 2015 vs. 2024
Figure 07: Global Compressed Natural Gas (CNG) Market Investment Proposition by Geography, 2016
Figure 08: North America Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 09: Europe Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 10: Asia Pacific Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 11: Latin America Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 12: Middle East & Africa Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016

List of Tables.

Table 01: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast by Source, 2013-2024
Table 02: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast by Application, 2013-2024
Table 03: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Geography, 2013-2024
Table 04: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2013-2024
Table 05: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2013-2024
Table 06: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2013-2024
Table 07: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2013-2024
Table 08: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2013-2024
Table 09: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2013-2024
Table 10: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2013-2024
Table 11: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2013-2024
Table 12: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2013-2024
Table 13: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2013-2024
Table 14: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2013-2024
Table 15: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2013-2024
Table 16: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2013-2024
Table 17: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2013-2024
Table 18: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2013-2024
Table 19: British Petroleum plc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 20: Gazprom: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 21: Exxon Mobil Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 22: Royal Dutch Shell plc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 23: Total SA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 24: China National Petroleum Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 25: Chevron: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 26: Eni SpA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 27: Statoil: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 28: ConocoPhillips: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 29: Reliance Industries Ltd. (RIL): Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)

Frequently Asked Questions

What is the size of Compressed Natural Gas (CNG) Market?

The market for Compressed Natural Gas (CNG) Market is expected to reach US$ 154.1 Bn By 2024.

What is the Compressed Natural Gas (CNG) Market CAGR?

The Compressed Natural Gas (CNG) Market is expected to see significant CAGR growth over the coming years, at 10.5%.

What is the Forecast period considered for Compressed Natural Gas (CNG) Market?

The report is forecasted from 2016-2024.

What is the base year considered for Compressed Natural Gas (CNG) Market?

The base year of this report is 2015.

Who are the major players in this market?

Exxon Mobil Corporation, Royal Dutch Shell plc., China National Petroleum Corporation, Eni SpA are some of the major players in the global market.

Sulphur Recovery Technology Market

Published:
Report ID: 10000

Production Oilfield Services & Equipment Market

Published:
Report ID: 8057

Gas Detection Equipment Market

Published:
Report ID: 6046

Drilling Polymers Market

Published:
Report ID: 23676

Biodiesel Market

Published:
Report ID: 3129

Oil And Gas Actuators Market

Published:
Report ID: 20012

Liner Hanger System Market

Published:
Report ID: 19184

Sustainable Aviation Fuel Market

Published:
Report ID: 15619

Green Petroleum Coke Market

Published:
Report ID: 6664

Oil and Gas Integrity Market

Published:
Report ID: 14100

Bunkering Services Market

Published:
Report ID: 3881

Global Marine Internal Combustion Engines Market

Published:
Report ID: 11183

Purchase Options

$2999
Delivery Format: Excel.
$4999
Designed for the individual purchaser.
$6999
Users located at a single corporate site or regional office.
$7999
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN