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Compressed Natural Gas (CNG) Market By Application Segmentation (Transportation, Passenger Vehicles, Commercial Vehicles, Fleet Vehicles, Industrial Applications, Heating and Cooling, Power Generation, Combined Heat and Power (CHP), Residential and Commercial Use, Marine and Off-Road Applications, Others) By End-User Segmentation (Transportation Sector, Industrial Sector, Residential and Commercial Sector, Marine and Off-Road Sector) 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, 2024 – 2032

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Published: | Report ID: 3966 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Compressed Natural Gas (CNG) Market Size 2023 USD 1725.8 million
Compressed Natural Gas (CNG) Market, CAGR 32.30%
Compressed Natural Gas (CNG) Market Size 2032 USD 21430.34 million

Market Insights

  • Between 2024 and 2032, the global market for compressed natural gas (CNG) is projected to rise at a compound annual growth rate (CAGR) of 32.30%, from an estimated USD 1725.8 million in 2023 to USD 21430.34 million in 2032.
  • The largest category is transportation. Industrial applications, on the other hand, are expected to grow at a strong CAGR.
  • The transportation sector category will expand at a rapid rate of growth.
  • North America governed the market for compressed natural gas (CNG).
  • Regarding the market share of compressed natural gas (CNG), Europe is expected to come second.
  • In the compressed natural gas (CNG) market, Asia Pacific is anticipated to grow fastest.
  • The market for compressed natural gas (CNG) is supported by the increasing number of fleets of commercial vehicles, such as buses, taxis, and delivery trucks. Due to developments in engine and storage technologies, CNG vehicles operate and perform better.
  • The market expansion of compressed natural gas (CNG) can be facilitated by increasing government support through subsidies, tax incentives, and grants. This will encourage investment in CNG infrastructure and vehicle adoption.

Executive Summary

Market Definition

The market for compressed natural gas (CNG) is the industry that deals with the extraction, distribution, and use of natural gas that has been compressed to lessen its volume for use as fuel in automobiles, businesses, and homes. A wide range of stakeholders are involved in this market, including producers of natural gas, manufacturers of compression equipment, transportation firms, operators of filling stations, regulators, and end users.

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Market Overview

The compressed natural gas (CNG) sector is predicted to continue its upward trend between 2024 and 2032, growing at a compound annual growth rate (CAGR) of 32.30%. From its projected USD 1725.8 million in 2023 to USD 21430.34 million in 2032, the market will continue to grow.

The market for compressed natural gas, or CNG, is greatly impacted by the growing costs of fossil fuels, especially gasoline and crude oil. Because CNG is frequently less expensive than gasoline or diesel, it is a desirable substitute for both businesses and consumers, particularly during periods of high fossil fuel prices. The cost-benefit of utilizing CNG grows as the price of conventional fuels rises, increasing demand for CNG infrastructure and vehicles. Cleaner fuels like CNG are becoming more and more in demand as environmental concerns and efforts to lower carbon emissions gain traction. Compared to gasoline or diesel, compressed natural gas (CNG) emits fewer greenhouse gases and other pollutants, making it a more environmentally friendly choice. The need for CNG as a fuel is growing as worries about air quality and climate change increase.

To encorage the use of alternative fuels like CNG and lessen reliance on fossil fuels while reducing emissions, several governments provide incentives and subsidies. Rising fossil fuel costs frequently result in more government funding for the construction of CNG infrastructure, fleet adoption initiatives, and car conversions, all of which propel the CNG market’s expansion. A nation’s economy and security may be at risk if it depends too heavily on imported fossil fuels, particularly in times of unstable prices or geopolitical unrest. Using locally accessible natural gas resources for transportation through compressed natural gas (CNG) can improve energy security by lowering dependency on imported oil, thereby lessening the economic impact of growing fossil fuel prices.

Segmentation by Application

  • The transportation category is the market leader in terms of application. When compared to gasoline or diesel, CNG burns cleaner and releases fewer pollutants, such as particulate matter, nitrogen oxides (NOx), and carbon dioxide (CO2). Because of this, it is a desirable choice for areas aiming to lower air pollution and adhere to emissions standards.
  • The industrial applications category will exhibit a sizable CAGR during the projected period. In industrial environments where on-site electricity production is required, compressed natural gas (CNG) can be used as a fuel for power generation. Cogeneration facilities, sometimes referred to as combined heat and power (CHP) systems, use natural gas to simultaneously produce electricity and usable heat.

Segmentation by End-User

  • The finest end-users are the transportation sector. The transportation sector of the CNG market is not complete without infrastructure for CNG refueling. This also holds for CNG refueling stations, which need to be strategically placed to support drivers of CNG-powered vehicles. The expansion of CNG vehicle use is dependent upon the infrastructure for CNG refueling.
  • The industrial sector category will likely register a significant CAGR during forecasting. The economic sector that produces, processes, and uses natural gas as a fuel source for goods and services is known as the industrial sector within the compressed natural gas (CNG) market. Within the framework of CNG, the industrial sector comprises a range of industries that rely on natural gas as their primary energy source.
  • Other end-users, such as the residential and commercial sector and marine and off-road sector, also contribute to the demand for compressed natural gas (CNG).

Segmentation by Region

  • North America leads the compressed natural gas (CNG) industry. This is due to the rising demand for compressed natural gas (CNG) from North American countries such as the US, Canada, and Mexico.
  • Europe is estimated to rank second in the compressed natural gas (CNG) market size.
  • The compressed natural gas (CNG) industry is predicted to flourish rapidly in Asia Pacific.
  • The remaining need for compressed natural gas (CNG) is covered by regions including Latin America, Africa, and the Middle East.

One major reason for the growth of the global CNG market is the increasing number of natural gas cars that run on compressed natural gas (CNG). Compressed natural gas (CNG) is made by compressing natural gas to less than 1% of its normal volume under standard climate conditions.  CNG is a clean transportation fuel that is widely used in both light- and heavy-duty vehicles worldwide. The use of CNG is growing because it emits fewer emissions than gasoline and diesel. Market players involved in the global CNG market have a greater chance of profiting from the adoption of CNG as an automotive fuel during the anticipated period. The global consumption of compressed natural gas is directly impacted by the number of natural gas-powered cars on the road.

Based on projections, North America is anticipated to control the compressed natural gas (CNG) market. A growing number of commercial vehicles have switched to running on compressed natural gas (CNG) instead of gasoline. CNG is a fuel that may be utilized in vehicles of any size, ranging from sedans to large transit vehicles like buses and street sweepers. Over 12 million cars are powered by natural gas at the moment, with roughly 250,000 of them being in the US. Utilizing natural gas as a substitute fuel for vehicles has a number of advantages. For instance, North America is the source of 99% of the natural gas produced in the US. Making the switch to CNG would lessen their dependency on foreign oil.

Throughout the projected period, Asia Pacific’s compressed natural gas (CNG) market is anticipated to expand quickly. As part of their initiatives to lessen air pollution and fight climate change, numerous governments in the Asia Pacific area are putting laws and incentives into place to encourage the use of CNG. These laws, which support the use of compressed natural gas (CNG) in automobiles and other industries, may include tax breaks, subsidies, and other measures. Governments and businesses in the Asia Pacific area are moving more and more toward cleaner alternatives to conventional fossil fuels as a result of rising environmental awareness and the need to reduce greenhouse gas emissions. In comparison to gasoline and diesel, compressed natural gas (CNG) is thought to burn cleaner, which makes it a desirable fuel for industrial and transportation uses in the Asia Pacific.

Key Highlights of the Report

The global compressed natural gas (CNG) market is segmented by application, end-user, and region. The transportation category is the market spearhead in terms of application, and the transportation sector is the top end-user. The compressed natural gas (CNG) market is expanding mostly in North America.

The global demand for light-duty cars has increased due to a number of factors, including rising disposable income, rapid urbanization, and the growth and development of the auto industry. This is a major factor affecting how much compressed natural gas is needed as a fuel for light-duty vehicles. The light-duty vehicle segment of the global compressed natural gas market is the most lucrative. It presents the greatest investment opportunity due to the growing use of CNG in emerging nations across the globe. The primary reason for doing this is to counteract the air pollution caused by fossil fuels.

North America is expected to account for the largest compressed natural gas (CNG) market globally. Due to its large natural gas reserves, North America is a convenient and affordable fuel source for a variety of uses, including transportation. Natural gas is abundant and offers a steady and reliable supply for the production and distribution of compressed natural gas. It is also anticipated that the market will develop at the fastest rate in the Asia Pacific region. The Asia Pacific region has seen a growth in CNG usage due to advancements in vehicle conversion and storage technologies, which have made CNG more easily accessible and convenient. In the Asia Pacific area, investments in CNG infrastructure, such as distribution networks and refueling stations, are growing quickly. The expansion of infrastructure makes it easier for CNG to be widely used for industrial and transportation purposes.

Which Key Factors Are Driving The Global Compressed Natural Gas (CNG) Market?

The compressed natural gas (CNG) industry is expanding due to cost-effectiveness, growing consumer demand for environmentally friendly transportation options, and strict emissions rules that promote the adoption of cleaner fuels like CNG.

What Are The Main Challenges Confronting The Global Compressed Natural Gas (CNG) Market?

The compressed natural gas (CNG) industry faces a number of challenging obstacles, such as the high initial investment costs and the availability of alternative clean energy options in the form of electric and hydrogen fuel cell vehicles (FCVs).

What Market Opportunities Exist For Compressed Natural Gas (CNG) Globally?

The market for compressed natural gas (CNG) is expanding as a result of rising urban populations’ need for greener transportation options and ongoing R&D initiatives to improve CNG technology.

Market Drivers

Growth in the Number of Light-Duty Vehicles Worldwide

Cleaner fuel alternatives are becoming more popular as environmental problems like air pollution and climate change become more widely known. In comparison to conventional gasoline or diesel, compressed natural gas (CNG) is thought to burn cleaner, releasing fewer pollutants like particulate matter, nitrogen oxides, and carbon monoxide. Owners of vehicles can save money by using CNG instead of gasoline or diesel. Businesses and consumers alike are drawn to the financial advantages of utilizing CNG-powered vehicles as the world economy varies and fuel prices continue to be unstable. Vehicles can now be converted to run on compressed natural gas (CNG) more easily due to advancements in engine technology. Dual-fuel vehicles, which can switch between gasoline and CNG, are offered by many automakers, giving customers convenience and flexibility. Enhanced engine performance and efficiency also add to the appeal. Because CNG is frequently produced domestically, less oil is imported. Enhancing the security of energy and reducing vulnerability to geopolitical turmoil and interruptions in the global oil sector is advantageous for nations.

Market Restraints

Vehicles With an Insufficient Amount of CNG Filling Stations

It may be difficult for owners of CNG-powered vehicles to locate locations to refuel if there aren’t enough filling stations. Customers find it inconvenient to select CNG vehicles over conventional gasoline or diesel vehicles due to this lack of accessibility. Owners of CNG vehicles may experience range anxiety as a result of a lack of filling stations. Drivers may be reluctant to purchase CNG vehicles if they are uncertain about their ability to locate a nearby filling station when their fuel runs low. Investments of a considerable amount are needed to expand the infrastructure of CNG filling stations. Funds to build new stations or upgrade existing ones may be resisted by investors if there is insufficient demand or regulatory support.

It may not be financially feasible for companies to run CNG stations due to insufficient demand brought on by a shortage of filling stations. Businesses might be hesitant to invest in the required infrastructure if there isn’t a lucrative market. When compared to conventional fossil fuels, CNG is thought to be a cleaner option because it produces fewer greenhouse gases and pollutants. Widespread adoption of CNG vehicles is a prerequisite for realizing the environmental advantages. Insufficient filling stations impede this adoption, extending the dependence on increasingly harmful fuels.

Opportunities

Continuous Improvements in Vehicle Design, Fuel Storage Technologies, and Engine Technology

Developments in fuel storage technologies, engine technology, and vehicle design are major factors in the expansion and use of compressed natural gas (CNG) as a competitive alternative fuel. The effectiveness and performance of CNG engines are increasing due to ongoing advancements in engine technology. Fuel combustion is optimized by advanced combustion techniques, including direct injection and turbocharging, which raise power output and increase fuel efficiency. The commercial potential for CNG across a variety of vehicle sectors is improved by this greater efficiency, which makes CNG vehicles more competitive with traditional gasoline and diesel vehicles. One of the main issues with alternative fuel cars is that they have a limited driving range. However, technological developments are expanding this range. By allowing CNG vehicles to drive farther on a single fuel tank, improved fuel storage systems, and more efficient engines increase the vehicles’ usability and public appeal. CNG vehicles are now appropriate for a wider range of uses, such as intercity and long-distance driving, because of their extended range.

Competitive Landscape

Key Players

In the highly competitive global compressed natural gas (CNG) market, there are a number of significant rivals. A few of the top market players are shown below, together with their respective market shares:

  • National Iranian Gas Company (Iran)
  • Indraprastha Gas Limited – IGL (India)
  • Shell (U.K.)
  • J-W Power Company (U.S.)
  • ENGIE SA(France)
  • Exxon Mobil Corporation. (U.S.)
  • BP p.l.c. (U.K.)
  • TotalEnergies (France)
  • Chevron Corporation (U.S.)
  • Eni S.p.A. (Italy)
  • ANGI Energy Systems, Inc. (U.S.)
  • Greka (China)
  • TGT Fuel Technologies India Pvt. Ltd (India)
  • Others

To stay competitive, these businesses prioritize product innovation, expanding their distribution networks, and completing mergers and acquisitions.

The biggest vendors in the global compressed natural gas (CNG) market consistently strive to keep one step ahead of the competition by creating cutting-edge ideas and goods.

In August 2022, In order to market its range of CNG offers and make its products available in multiple Indian states, ExxonMobil Lubricants Pvt Ltd has partnered with Think Gas Distribution Pvt Ltd.

In July 2019, The head of the Nagpur Municipal Corporation’s transportation committee, Jitendra Kukde, declared that all of the city’s buses operating on public transportation would switch to compressed natural gas (CNG) by the end of 2019. Approximately 431 diesel-powered buses will be converted to CNG operation. The project would cost approximately 279 crores in total.

How are Companies Performing in the Compressed Natural Gas (CNG) Market?

The substantial performance of companies in the compressed natural gas (CNG) market can be attributed to some noteworthy reasons. To remain competitive in the compressed natural gas industry, the companies are implementing a variety of techniques, such as cooperation, agreement, and partnership. For example, in September 2021, Mercuria Energy Trading (an integrated energy and commodities corporation) and Chevron U.S.A., Inc. announced a joint venture agreement. Through the establishment of more than 30 CNG stations bearing the Chevron brand by 2025, this joint venture seeks to expand Chevron’s natural gas value chain. The company’s position in the area will be strengthened by this tactic.

Companies in the compressed natural gas industry are taking advantage of revenue opportunities and speeding up the pace of their product development to gain a competitive edge. They are also expanding their service offerings in an effort to achieve an edge over their competitors. For example, on September 19, 2017, J-W Power Company declared the issuance of U.S. Patent No. 9,765,930 B2, titled “CNG Fueling System.”  With this technique, the compressed natural gas (CNG) dispenser fill time is greatly shortened.

The leading company ENGIE introduced compressed natural gas for automobiles as a green mobility solution and opened Romania’s first station devoted to this alternative fuel. The first vehicle gas station for compressed natural gas in Bucharest was opened by ENGIE Romania. The company wants to build a network of public and private CNGv stations for partners who are interested in this option in the medium term.

Summary of Key Findings

  • The constantly expanding deployments of commercial vehicles, such as buses, taxis, and delivery trucks, are the primary cause of the need for compressed natural gas (CNG) as an energy source.
  • The market is segmented by application, end-user, and region.
  • The transportation category is anticipated to develop at a greater CAGR over the forecast period.
  • The largest end-user category is the transportation sector.
  • North America is leading market development; the market is highly competitive with key players including National Iranian Gas Company (Iran), Indraprastha Gas Limited – IGL (India), Shell (U.K.), J-W Power Company (U.S.), ENGIE SA(France), Exxon Mobil Corporation. (U.S.), BP p.l.c. (U.K.), TotalEnergies (France), Chevron Corporation (U.S.), Eni S.p.A. (Italy) , ANGI Energy Systems, Inc. (U.S.), Greka (China), TGT Fuel Technologies India Pvt. Ltd (India), and Others.

Future Outlook

  • The compressed natural gas (CNG) industry is expected to increase significantly in North America, and its outlook is positive worldwide.
  • Renewable natural gas produced from organic waste streams can be incorporated into the CNG supply chain to improve the fuel’s environmental sustainability, which promotes its continued usage.
  • Automakers’ limited options for CNG vehicles may limit consumer choice and impede market expansion.
  • To stay ahead of other businesses, major organizations must develop new products, reach a larger audience, and maintain competitive pricing.

How the Credence Research Compressed Natural Gas (CNG) Market Report Can Help CXOs

The Credence Research Compressed Natural Gas (CNG) Market Report provides CXOs with an extensive market overview and comprises the following:

  • Market size and growth forecast: The study offers comprehensive market estimations for compressed natural gas (CNG) globally, broken down by application, end-user, and region. In addition, projections for the market through 2032 based on significant drivers and trends are included.
  • Market segmentation: The compressed natural gas (CNG) market is divided into segments by application, end-user, and region in the research report. CXOs are given a detailed grasp of the market and the potential inside each sector due to this segmentation.
  • Competitive landscape: The study report provides a thorough analysis of the leading businesses in the compressed natural gas (CNG) sector, together with details on their revenue streams, product lines, and business strategies. CXOs can assess and identify their competitors with this information.
  • Key trends and drivers: The study report analyzes and highlights the key developments and elements driving the market for compressed natural gas (CNG). CXOs can utilize this information to make well-informed choices regarding their plans and investments.

The Credence Research Compressed Natural Gas (CNG) Market Report provides CXOs with insights that they may utilize to:

  • Identify growth opportunities: This analysis is likely to help CXOs find fresh growth prospects in the compressed natural gas (CNG) sector. For example, the research recognizes the increasing requirement for compressed natural gas (CNG) from the transportation industry as a crucial opportunity.
  • Make informed investment decisions: The study aids CXOs in making informed decisions about compressed natural gas (CNG). For example, it delivers information on the key variables to consider while picking compressed natural gas (CNG) solutions and evaluating suppliers.
  • Develop competitive strategies: CXOs can utilize the research report to establish competitive strategies for their compressed natural gas (CNG) firms. The study paper explores the primary tactics employed by compressed natural gas (CNG) providers to set themselves apart from their rivals.
  • Track market developments: By tracking market advancements, this research report could assist CXOs in remaining ahead of the curve. For example, it provides information about the latest advancements and patterns in the compressed natural gas (CNG) industry.

The Credence Research Compressed Natural Gas (CNG) Market Report is helpful for CXOs who want to learn more about the market and identify potential opportunities.

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Segmentation

  • By Application Segmentation

    • Transportation
  • Passenger Vehicles
  • Commercial Vehicles
  • Fleet Vehicles
    • Industrial Applications
  • Heating and Cooling
  • Power Generation
  • Combined Heat and Power (CHP)
  • Residential and Commercial Use
  • Marine and Off-Road Applications
  • Others
  • By End-User Segmentation

    • Transportation Sector
    • Industrial Sector
    • Residential and Commercial Sector
    • Marine and Off-Road Sector
  • By Region

    • North America
      • The U.S.
      • Canada
      • Mexico
    • 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
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • The Rest of the Middle East and Africa

Adjacent Markets

Several adjacent markets in the compressed natural gas (CNG) market have high revenue growth opportunities. The key adjacent markets for the compressed natural gas (CNG) market –

                                                        Adjacent Markets

Natural Gas Vehicles (NGVs) Liquefied Natural Gas (LNG) Market Electric Vehicles (EVs)
Hydrogen Fuel Cell Vehicles (FCVs) Alternative Fuel Infrastructure Energy Management Systems (EMS)
Energy Efficiency Market Smart Transportation Market Carbon Capture and Storage (CCS) Market

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Introduction

2. Executive Summary
2.1. Market Snapshot: Global Compressed Natural Gas (CNG) Market
2.1.1. Global Compressed Natural Gas (CNG) Market, By Application
2.1.2. Global Compressed Natural Gas (CNG) Market, By End-User
2.1.3. Global Compressed Natural Gas (CNG) Market, By Region
2.2. Insights from Primary Respondents

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Compressed Natural Gas (CNG) Market Value, 2019-2032, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Compressed Natural Gas (CNG) Market Drivers
3.2.2. Compressed Natural Gas (CNG) Market Restraints
3.2.3. Compressed Natural Gas (CNG) Market Opportunities
3.2.4. Major Compressed Natural Gas (CNG) Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Application
3.5.2. End-User
3.5.3. Geography

4. Market Competitive Landscape Analysis
4.1. Company Market Share Analysis, 2023
4.1.1. Global Compressed Natural Gas (CNG) Market: Company Market Share, Value 2023
4.1.2. Global Compressed Natural Gas (CNG) Market: Top 6 Company Market Share, Value 2023
4.1.3. Global Compressed Natural Gas (CNG) Market: Top 3 Company Market Share, Value 2023
4.2. Global Compressed Natural Gas (CNG) Market: Company Revenue Share Analysis, 2023
4.3. Company Assessment Metrics, 2023
4.3.1. Stars
4.3.2. Emerging Leaders
4.3.3. Pervasive Players
4.3.4. Participants
4.4. Startups/ SMEs Assessment Metrics, 2023
4.4.1. Progressive Companies
4.4.2. Responsive Companies
4.4.3. Dynamic Companies
4.4.4. Starting Blocks
4.5. Strategic Development
4.5.1. Acquisition and Mergers
4.5.2. New Product Launch
4.5.3. Regional Expansion
4.5.4. Partnerships
4.6. Key Player Product Matrix
4.7. Potential for New Players in the Global Compressed Natural Gas (CNG) Market

5. Premium Insights
5.1. STAR (Situation, Task, Action, Results) Analysis
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Bargaining Power of Buyers/Consumers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of Substitute Types
5.2.5. Intensity of Competitive Rivalry
5.3. PESTEL Analysis
5.3.1. Political Factors
5.3.2. Economic Factors
5.3.3. Social Factors
5.3.4. Technological Factors
5.3.5. Environmental Factors
5.3.6. Legal Factors
5.4. Key Market Trends
5.4.1. Demand Side Trends
5.4.2. Supply Side Trends
5.5. Value Chain Analysis
5.6. Technology Analysis
5.6.1. Research and development in the global market
5.6.2. Patent Analysis
5.6.3. Emerging technologies and their potential disruption to the market
5.7. Consumer Behaviour Analysis
5.7.1. Consumer Preferences and Expectations
5.7.2. Factors Influencing Consumer Buying Decisions
5.7.2.1. North America
5.7.2.2. Europe
5.7.2.3. Asia Pacific
5.7.2.4. Latin America
5.7.2.5. Middle East and Africa
5.7.3. Consumer Pain Points
5.8. Analysis and Recommendations
5.9. Adjacent Market Analysis

6. Market Positioning of Key Players, 2023
6.1. Company market share of key players, 2023
6.2. Competitive Benchmarking
6.3. Market Positioning of Key Vendors
6.4. Geographical Presence Analysis
6.5. Major Strategies Adopted by Key Players
6.5.1. Key Strategies Analysis
6.5.2. Mergers and Acquisitions
6.5.3. Partnerships
6.5.4. Product Launch
6.5.5. Geographical Expansion
6.5.6. Others

7. Impact Analysis of COVID 19 and Russia – Ukraine War on Compressed Natural Gas (CNG) Market
7.1. Ukraine-Russia War Impact
7.1.1. Uncertainty and Economic Instability
7.1.2. Supply chain disruptions
7.1.3. Regional market shifts
7.1.4. Shift in government priorities
7.2. COVID-19 Impact Analysis
7.2.1. Supply Chain Disruptions
7.2.2. Demand Fluctuations
7.2.3. Shift in Product Mix
7.2.4. Reduced Industrial Activity
7.2.5. Regional Impact Analysis
7.2.5.1. North America
7.2.5.2. Europe
7.2.5.3. Asia Pacific
7.2.5.4. Latin America
7.2.5.5. Middle East and Africa

8. Global Compressed Natural Gas (CNG) Market, By Application
8.1. Global Compressed Natural Gas (CNG) Market Overview, by Application
8.1.1. Global Compressed Natural Gas (CNG) Market Revenue Share, By Application, 2023 Vs 2032 (in %)
8.2. Transportation
8.2.1. Global Compressed Natural Gas (CNG) Market, By Transportation, By Region, 2019-2032 (US$ Mn)
8.2.2. Market Dynamics for Transportation
8.2.2.1. Drivers
8.2.2.2. Restraints
8.2.2.3. Opportunities
8.2.2.4. Trends
8.3. Industrial Applications
8.3.1. Global Compressed Natural Gas (CNG) Market, By Industrial Applications, By Region, 2019-2032 (US$ Mn)
8.3.2. Market Dynamics for Industrial Applications
8.3.2.1. Drivers
8.3.2.2. Restraints
8.3.2.3. Opportunities
8.3.2.4. Trends

9. Global Compressed Natural Gas (CNG) Market, By End-User
9.1. Global Compressed Natural Gas (CNG) Market Overview, by End-User
9.1.1. Global Compressed Natural Gas (CNG) Market Revenue Share, By End-User, 2023 Vs 2032 (in %)
9.2. Transportation Sector
9.2.1. Global Compressed Natural Gas (CNG) Market, By Transportation Sector, By Region, 2019-2032 (US$ Mn)
9.2.2. Market Dynamics for Transportation Sector
9.2.2.1. Drivers
9.2.2.2. Restraints
9.2.2.3. Opportunities
9.2.2.4. Trends
9.3. Industrial Sector
9.3.1. Global Compressed Natural Gas (CNG) Market, By Industrial Sector, By Region, 2019-2032 (US$ Mn)
9.3.2. Market Dynamics for Industrial Sector
9.3.2.1. Drivers
9.3.2.2. Restraints
9.3.2.3. Opportunities
9.3.2.4. Trends
9.4. Residential and Commercial Sector
9.4.1. Global Compressed Natural Gas (CNG) Market, By Residential and Commercial Sector, By Region, 2019-2032 (US$ Mn)
9.4.2. Market Dynamics for Residential and Commercial Sector
9.4.2.1. Drivers
9.4.2.2. Restraints
9.4.2.3. Opportunities
9.4.2.4. Trends
9.5. Marine and Off-Road Sector
9.5.1. Global Compressed Natural Gas (CNG) Market, By Marine and Off-Road Sector, By Region, 2019-2032 (US$ Mn)
9.5.2. Market Dynamics for Marine and Off-Road Sector
9.5.2.1. Drivers
9.5.2.2. Restraints
9.5.2.3. Opportunities
9.5.2.4. Trends

10. Global Compressed Natural Gas (CNG) Market, By Region
10.1. Global Compressed Natural Gas (CNG) Market Overview, by Region
10.1.1. Global Compressed Natural Gas (CNG) Market, By Region, 2023 Vs 2032 (in%)
10.2. Application
10.2.1. Global Compressed Natural Gas (CNG) Market, By Application, 2019-2032 (US$ Mn)
10.3. End-User
10.3.1. Global Compressed Natural Gas (CNG) Market, By End-User, 2019-2032 (US$ Mn)

11. North America Compressed Natural Gas (CNG) Market Analysis
11.1. Overview
11.1.1. Market Dynamics for North America
11.1.1.1. Drivers
11.1.1.2. Restraints
11.1.1.3. Opportunities
11.1.1.4. Trends
11.2. North America Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. North America Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. North America Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
11.4.1. North America Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
11.4.2. U.S.
11.4.3. Canada
11.4.4. Mexico

12. Europe Compressed Natural Gas (CNG) Market Analysis
12.1. Overview
12.1.1. Market Dynamics for Europe
12.1.1.1. Drivers
12.1.1.2. Restraints
12.1.1.3. Opportunities
12.1.1.4. Trends
12.2. Europe Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Europe Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Europe Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
12.4.1. Europe Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
12.4.2. UK
12.4.3. France
12.4.4. Germany
12.4.5. Italy
12.4.6. Spain
12.4.7. Benelux
12.4.8. Russia
12.4.9. Rest of Europe

13. Asia Pacific Compressed Natural Gas (CNG) Market Analysis
13.1. Overview
13.1.1. Market Dynamics for Asia Pacific
13.1.1.1. Drivers
13.1.1.2. Restraints
13.1.1.3. Opportunities
13.1.1.4. Trends
13.2. Asia Pacific Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Asia Pacific Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
13.3.1. Overview
13.3.2. SRC Analysis
13.4. Asia Pacific Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
13.4.1. Asia Pacific Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
13.4.2. China
13.4.3. Japan
13.4.4. India
13.4.5. South Korea
13.4.6. South East Asia
13.4.7. Rest of Asia Pacific

14. Latin America Compressed Natural Gas (CNG) Market Analysis
14.1. Overview
14.1.1. Market Dynamics for Latin America
14.1.1.1. Drivers
14.1.1.2. Restraints
14.1.1.3. Opportunities
14.1.1.4. Trends
14.2. Latin America Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Latin America Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
14.3.1. Overview
14.3.2. SRC Analysis
14.4. Latin America Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
14.4.1. Latin America Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
14.4.2. Brazil
14.4.3. Argentina
14.4.4. Rest of Latin America

15. Middle East Compressed Natural Gas (CNG) Market Analysis
15.1. Overview
15.1.1. Market Dynamics for Middle East
15.1.1.1. Drivers
15.1.1.2. Restraints
15.1.1.3. Opportunities
15.1.1.4. Trends
15.2. Middle East Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
15.2.1. Overview
15.2.2. SRC Analysis
15.3. Middle East Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
15.3.1. Overview
15.3.2. SRC Analysis
15.4. Middle East Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
15.4.1. Middle East Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
15.4.2. UAE
15.4.3. Saudi Arabia
15.4.4. Rest of Middle East

16. Africa Compressed Natural Gas (CNG) Market Analysis
16.1. Overview
16.1.1. Market Dynamics for Africa
16.1.1.1. Drivers
16.1.1.2. Restraints
16.1.1.3. Opportunities
16.1.1.4. Trends
16.2. Africa Compressed Natural Gas (CNG) Market, by Application, 2019-2032(US$ Mn)
16.2.1. Overview
16.2.2. SRC Analysis
16.3. Africa Compressed Natural Gas (CNG) Market, by End-User, 2019-2032(US$ Mn)
16.3.1. Overview
16.3.2. SRC Analysis
16.4. Africa Compressed Natural Gas (CNG) Market, by Country, 2019-2032 (US$ Mn)
16.4.1. Africa Compressed Natural Gas (CNG) Market, by Country, 2023 Vs 2032 (in%)
16.4.2. South Africa
16.4.3. Egypt
16.4.4. Rest of Africa

17. Company Profiles
17.1. National Iranian Gas Company (Iran)
17.1.1. Company Overview
17.1.2. Products/Services Portfolio
17.1.3. Geographical Presence
17.1.4. SWOT Analysis
17.1.5. Financial Summary
17.1.5.1. Market Revenue and Net Profit (2019-2023)
17.1.5.2. Business Segment Revenue Analysis
17.1.5.3. Geographical Revenue Analysis
17.2. Indraprastha Gas Limited – IGL (India)
17.3. Shell (U.K.)
17.4. J-W Power Company (U.S.)
17.5. ENGIE SA(France)
17.6. Exxon Mobil Corporation. (U.S.)
17.7. BP p.l.c. (U.K.)
17.8. TotalEnergies (France)
17.9. Chevron Corporation (U.S.)
17.10. Eni S.p.A. (Italy)
17.11. ANGI Energy Systems, Inc. (U.S.)
17.12. Greka (China)
17.13. TGT Fuel Technologies India Pvt. Ltd (India)
17.14. Others

18. Research Methodology
18.1. Research Methodology
18.2. Phase I – Secondary Research
18.3. Phase II – Data Modelling
18.3.1. Company Share Analysis Model
18.3.2. Revenue Based Modelling
18.4. Phase III – Primary Research
18.5. Research Limitations
18.5.1. Assumptions

List of Figures
FIG. 1 Global Compressed Natural Gas (CNG) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Compressed Natural Gas (CNG) Market Segmentation
FIG. 4 Global Compressed Natural Gas (CNG) Market, by Application, 2023 (US$ Mn)
FIG. 5 Global Compressed Natural Gas (CNG) Market, by End-User, 2023 (US$ Mn)
FIG. 6 Global Compressed Natural Gas (CNG) Market, by Geography, 2023 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Application, 2023
FIG. 8 Attractive Investment Proposition, by End-User, 2023
FIG. 9 Attractive Investment Proposition, by Geography, 2023
FIG. 10 Global Market Share Analysis of Key Compressed Natural Gas (CNG) Market Manufacturers, 2023
FIG. 11 Global Market Positioning of Key Compressed Natural Gas (CNG) Market Manufacturers, 2023
FIG. 12 Global Compressed Natural Gas (CNG) Market Value Contribution, By Application, 2023 & 2032 (Value %)
FIG. 13 Global Compressed Natural Gas (CNG) Market, by Transportation, Value, 2019-2032 (US$ Mn)
FIG. 14 Global Compressed Natural Gas (CNG) Market, by Industrial Applications, Value, 2019-2032 (US$ Mn)
FIG. 15 Global Compressed Natural Gas (CNG) Market Value Contribution, By End-User, 2023 & 2032 (Value %)
FIG. 16 Global Compressed Natural Gas (CNG) Market, by Transportation Sector, Value, 2019-2032 (US$ Mn)
FIG. 17 Global Compressed Natural Gas (CNG) Market, by Industrial Sector, Value, 2019-2032 (US$ Mn)
FIG. 18 Global Compressed Natural Gas (CNG) Market, by Residential and Commercial Sector, Value, 2019-2032 (US$ Mn)
FIG. 19 Global Compressed Natural Gas (CNG) Market, by Marine and Off-Road Sector, Value, 2019-2032 (US$ Mn)
FIG. 20 North America Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 21 U.S. Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 22 Canada Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 23 Mexico Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 24 Europe Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 25 Germany Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 26 France Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 27 U.K. Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 28 Italy Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 29 Spain Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 30 Benelux Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 31 Russia Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 32 Rest of Europe Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 33 Asia Pacific Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 34 China Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 35 Japan Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 36 India Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 37 South Korea Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 38 South-East Asia Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 39 Rest of Asia Pacific Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 40 Latin America Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 41 Brazil Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 42 Argentina Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 43 Rest of Latin America Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 44 Middle East Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 45 UAE Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 46 Saudi Arabia Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 47 Rest of Middle East Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 48 Africa Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 49 South Africa Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 50 Egypt Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)
FIG. 51 Rest of Africa Compressed Natural Gas (CNG) Market, 2019-2032 (US$ Mn)

 

List of Tables
TABLE 1 Market Snapshot: Global Compressed Natural Gas (CNG) Market
TABLE 2 Global Compressed Natural Gas (CNG) Market: Market Drivers Impact Analysis
TABLE 3 Global Compressed Natural Gas (CNG) Market: Market Restraints Impact Analysis
TABLE 4 Global Compressed Natural Gas (CNG) Market, by Competitive Benchmarking, 2023
TABLE 5 Global Compressed Natural Gas (CNG) Market, by Geographical Presence Analysis, 2023
TABLE 6 Global Compressed Natural Gas (CNG) Market, by Key Strategies Analysis, 2023
TABLE 7 Global Compressed Natural Gas (CNG) Market, by Transportation, By Region, 2019-2023 (US$ Mn)
TABLE 8 Global Compressed Natural Gas (CNG) Market, by Transportation, By Region, 2024-2032 (US$ Mn)
TABLE 9 Global Compressed Natural Gas (CNG) Market, by Industrial Applications, By Region, 2019-2023 (US$ Mn)
TABLE 10 Global Compressed Natural Gas (CNG) Market, by Industrial Applications, By Region, 2024-2032 (US$ Mn)
TABLE 11 Global Compressed Natural Gas (CNG) Market, by Transportation Sector, By Region, 2019-2023 (US$ Mn)
TABLE 12 Global Compressed Natural Gas (CNG) Market, by Transportation Sector, By Region, 2024-2032 (US$ Mn)
TABLE 13 Global Compressed Natural Gas (CNG) Market, by Industrial Sector, By Region, 2019-2023 (US$ Mn)
TABLE 14 Global Compressed Natural Gas (CNG) Market, by Industrial Sector, By Region, 2024-2032 (US$ Mn)
TABLE 15 Global Compressed Natural Gas (CNG) Market, by Residential and Commercial Sector, By Region, 2019-2023 (US$ Mn)
TABLE 16 Global Compressed Natural Gas (CNG) Market, by Residential and Commercial Sector, By Region, 2024-2032 (US$ Mn)
TABLE 17 Global Compressed Natural Gas (CNG) Market, by Marine and Off-Road Sector, By Region, 2019-2023 (US$ Mn)
TABLE 18 Global Compressed Natural Gas (CNG) Market, by Marine and Off-Road Sector, By Region, 2024-2032 (US$ Mn)
TABLE 19 Global Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 20 Global Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 21 Global Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 22 Global Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 23 Global Compressed Natural Gas (CNG) Market, by Region, 2019-2023 (US$ Mn)
TABLE 24 Global Compressed Natural Gas (CNG) Market, by Region, 2024-2032 (US$ Mn)
TABLE 25 North America Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 26 North America Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 27 North America Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 28 North America Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 29 North America Compressed Natural Gas (CNG) Market, by Country, 2019-2023 (US$ Mn)
TABLE 30 North America Compressed Natural Gas (CNG) Market, by Country, 2024-2032 (US$ Mn)
TABLE 31 United States Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 32 United States Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 33 United States Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 34 United States Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 35 Canada Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 36 Canada Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 37 Canada Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 38 Canada Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 39 Mexico Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 40 Mexico Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 41 Mexico Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 42 Mexico Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 43 Europe Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 44 Europe Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 45 Europe Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 46 Europe Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 47 Europe Compressed Natural Gas (CNG) Market, by Country, 2019-2023 (US$ Mn)
TABLE 48 Europe Compressed Natural Gas (CNG) Market, by Country, 2024-2032 (US$ Mn)
TABLE 49 Germany Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 50 Germany Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 51 Germany Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 52 Germany Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 53 France Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 54 France Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 55 France Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 56 France Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 57 United Kingdom Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 58 United Kingdom Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 59 United Kingdom Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 60 United Kingdom Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 61 Italy Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 62 Italy Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 63 Italy Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 64 Italy Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 65 Spain Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 66 Spain Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 67 Spain Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 68 Spain Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 69 Benelux Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 70 Benelux Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 71 Benelux Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 72 Benelux Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 73 Russia Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 74 Russia Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 75 Russia Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 76 Russia Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 77 Rest of Europe Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 78 Rest of Europe Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 79 Rest of Europe Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 80 Rest of Europe Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 81 Asia Pacific Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 82 Asia Pacific Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 83 Asia Pacific Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 84 Asia Pacific Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 85 China Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 86 China Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 87 China Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 88 China Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 89 Japan Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 90 Japan Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 91 Japan Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 92 Japan Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 93 India Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 94 India Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 95 India Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 96 India Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 97 South Korea Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 98 South Korea Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 99 South Korea Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 100 South Korea Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 101 South-East Asia Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 102 South-East Asia Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 103 South-East Asia Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 104 South-East Asia Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 105 Rest of Asia Pacific Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 106 Rest of Asia Pacific Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 107 Rest of Asia Pacific Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 108 Rest of Asia Pacific Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 109 Latin America Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 110 Latin America Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 111 Latin America Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 112 Latin America Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 113 Brazil Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 114 Brazil Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 115 Brazil Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 116 Brazil Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 117 Argentina Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 118 Argentina Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 119 Argentina Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 120 Argentina Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 121 Rest of Latin America Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 122 Rest of Latin America Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 123 Rest of Latin America Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 124 Rest of Latin America Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 125 Middle East Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 126 Middle East Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 127 Middle East Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 128 Middle East Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 129 UAE Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 130 UAE Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 131 UAE Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 132 UAE Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 133 Saudi Arabia Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 134 Saudi Arabia Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 135 Saudi Arabia Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 136 Saudi Arabia Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 137 Rest of Middle East Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 138 Rest of Middle East Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 139 Rest of Middle East Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 140 Rest of Middle East Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 141 Africa Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 142 Africa Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 143 Africa Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 144 Africa Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 145 South Africa Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 146 South Africa Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 147 South Africa Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 148 South Africa Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 149 Egypt Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 150 Egypt Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 151 Egypt Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 152 Egypt Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)
TABLE 153 Rest of Africa Compressed Natural Gas (CNG) Market, by Application, 2019-2023 (US$ Mn)
TABLE 154 Rest of Africa Compressed Natural Gas (CNG) Market, by Application, 2024-2032 (US$ Mn)
TABLE 155 Rest of Africa Compressed Natural Gas (CNG) Market, by End-User, 2019-2023 (US$ Mn)
TABLE 156 Rest of Africa Compressed Natural Gas (CNG) Market, by End-User, 2024-2032 (US$ Mn)

Frequently Asked Questions

How much does the global market currently hold for compressed natural gas (CNG)?

In 2023, the compressed natural gas (CNG) market was estimated to be worth USD 1725.8 million.

What is the compressed natural gas (CNG) market’s projected growth rate between 2024 and 2032?

The compressed natural gas (CNG) market is anticipated to increase at a CAGR of 32.30% from 2024 to 2032, reaching USD 21430.34 million in 2032.

What is the most significant market segment in terms of application?

Transportation is the most important market category in terms of application.

Regarding the end-user, which market category is in the lead?

The transportation sector is a notable end-user segment.

Which application is anticipated to grow at the fastest rate throughout the projected period?

The industrial applications category is anticipated to have the greatest estimated CAGR over the projected timeframe.

In which region is the market for compressed natural gas (CNG) expanding?

North America ruled the compressed natural gas (CNG) market.

Who are the main players in the global compressed natural gas (CNG) industry?

The top players include National Iranian Gas Company (Iran), Indraprastha Gas Limited – IGL (India), Shell (U.K.), J-W Power Company (U.S.), ENGIE SA(France), Exxon Mobil Corporation. (U.S.), BP p.l.c. (U.K.), TotalEnergies (France), Chevron Corporation (U.S.), Eni S.p.A. (Italy),ANGI Energy Systems, Inc. (U.S.), Greka (China), TGT Fuel Technologies India Pvt. Ltd (India), and others.

Which market factors are the primary drivers of the compressed natural gas (CNG) industry?

New discoveries in CNG storage and engine technology, renewable natural gas (RNG) manufacturing operations, hydraulic fracturing, and other extraction technologies are driving growth in the compressed natural gas (CNG) industry.

What main market challenges prevent the growth of the compressed natural gas (CNG) sector?

The restricted infrastructure for refueling, the high price of infrastructure, and increased competition from other fuels are the biggest challenges confronting the compressed natural gas (CNG) industry.

What are the main market opportunities for the compressed natural gas (CNG) sector?

Green transportation campaigns and collaborations between government agencies, business entities, and environmental organizations may lead to an expansion of the compressed natural gas (CNG) market.

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