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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

This report titled “Compressed Natural Gas (CNG) Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in CNG market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates 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 growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America and Asia Pacific.  

Based on source, the global CNG market is categorized into associated gas, non-associated gas and unconventional gas. On the basis of application, the global CNG market is segmented into light passenger vehicles, medium duty/heavy duty buses, medium duty/heavy duty truck and others (autos). In addition, natural gas producing companies, refining companies and academic organizations form the major client types for CNG market. Market size (US$ Bn) (Mn cubic mtrs.) and forecast for all the considered segmentation is 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, the global CNG is studies for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast 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 performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Russia
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Rest of Latin America

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global CNG market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of CNG.

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

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

Compressed Natural Gas (CNG) Market

Asia Pacific is projected to be the key consuming market in global compressed natural gas (CNG) market during the forecast period (2016-2024). Increasing number of natural gas based automobile coupled increasing 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 to promote CNG as the alternative auto fuel due to its low greenhouse emission characteristics. The region is also projected to witness highest growth over the forecast period (2016-2024). Followed by it, North America is expected to be the second largest market in global CNG market. Natural gas vehicle fuel consumption has witness the growth of 10% since 2015 coupled with favorable regulatory policies owing to growing craving to earn carbon credits. The region is projected to grow at steady rate during the forecast period (2016-2024).

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Published Date:  Jan 2017
Category:  Oil & Gas
Report ID:   58317
Report Format:   PDF
Pages:   120
Rating:    4.2 (40)
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