With higher gasoline/diesel prices compared to CNG and growing concerns about environmental pollution, CNG has found a prominent place in the transportation fuel rig for all types of vehicles. The cost of the initial conversion to CNG is a barrier for users as transportation fuel. However, public transport has been an early adopter of the product because it makes it easier to repay money invested in new fuel types at a faster rate. In addition to this, the number of CNG vehicles worldwide has increased by 30% annually over the past five years.
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Some of the leading industry participants include China Natural Gas Inc., NeoGas Inc, ANGI Energy Systems Inc, GNVert, Trillium CNG, OAO GasProm, J-W Power Company, Mahanagar gas Limited (MNGL), National Iranian Gas Company, and Indraprastha Gas Limited (IGL).
The global CNG market can be segmented based on the sources of extraction. Major sources include extraction of associated gases, non-associated gases, and unconventional methods. Non-associated gas reservoir emerged as a leading source for CNG production. Increasing exploration of non-associated and unconventional gas reservoirs is expected to drive CNG market over the next six years.
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Scope of the Report
The research study analyzes the global Compressed Natural Gas (CNG) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Compressed Natural Gas (CNG) Market Report
1. What was the Compressed Natural Gas (CNG) Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Compressed Natural Gas (CNG) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Compressed Natural Gas (CNG) Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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