Compressed Natural Gas (CNG) Market Growth Prospects, Key Vendors, Future Scenario Forecast to 2026

A research report on ‘Compressed Natural Gas (CNG) Market’ added by Market Study Report, LLC, features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players.

Request a sample Report of Compressed Natural Gas (CNG) Market at: https://www.marketstudyreport.com/request-a-sample/1695087?utm_source=marketwatch&utm_medium=RV

The global CNG market is anticipated to reach USD 218.18 billion by 2026 according to a new study.

CNG itself has been a significant phenomenon which is out in the global market for the past decade. Its benefits of being the cleanest fossil fuel that emit the least amount of impurities that gasoline or diesel produces. Moreover, CNG is much more fuel efficient in comparison to gasoline. Owing to its clean-characteristics, it increases vehicles longevity and increases the maintenance intervals. Change of engine oil with filter is required to be done after every 3,000 to 4,000 miles for a typical gasoline vehicle, but for the CNG vehicles it extends over 9,000 to 10,000 miles. Technological developments in CNG vehicles which are currently equipped with clean burning fuel systems, CNG enables to save almost half of the gasoline price along with much lower levels of emission thus contributing towards a greener environment. Therefore, these factors of CNG being the cleanest transportation fuel for vehicles with an offering of similar vehicle performance, relatively low product cost and with significantly low carbon emissions compared to other fossil fuels, the industry is expected to develop significantly over the forecast period.

Enquiry about Compressed Natural Gas (CNG) market report before Buying at: https://www.marketstudyreport.com/enquiry-before-buying/1695087?utm_source=marketwatch&utm_medium=RV

Asia Pacific was the largest regional market in 2017. Pakistan was the largest market in terms of presence of CNG vehicles in the region. India, China and Thailand are yet other emerging nations for growing product demand. Latin America is expected to be one of the fastest growing regional markets backed by momentous demand from Argentina and Brazil. Europe on the other hand is a potential contributor to its demand with Russia and Italy leading the way, however, growing popularity of electric vehicles in many of the nations such as the Netherlands is projected to hinder industry growth over the forecast period.

CNG has been gaining importance as clean fuel in traditional internal combustion gasoline engines. CNG fueled vehicles are increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions. Higher prices of petrol/diesel compared to CNG and increasing concerns for environmental pollution, CNG has found a prominent space in the league of transportation fuels for all types of vehicles. The initial conversion cost to CNG is a barrier for the users as a transportation fuel. However, the public transportation vehicles have been the early adopters of the product, as it is easy to amortize the money invested at a faster rate in the new fuel type. Apart from these, the number of CNG vehicles worldwide has grown annually at 30% for the past five years.

Purchase full report of Compressed Natural Gas (CNG) market at: https://www.marketstudyreport.com/securecheckout/paymenta/1695087?utm_source=marketwatch&utm_medium=RV?msfpaycode=sumsf

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).

Compressed Natural Gas (CNG) Market share by Major regions included:

United States
North America
Asia Pacific
Europe
Middle East & Africa

Table of Contents

1.Overview and Scope
1.1.Research goal & scope
1.2.Research assumptions
1.3.Research Methodology
1.3.1.Primary data sources
1.3.2.Secondary data sources
1.4.Key take-away
1.5.Stakeholders

2.Executive Summary
2.1.Market Definition
2.2.Market Segmentation
3.CNG Market Insights
3.1.CNG– Industry snapshot
3.2.CNG -Ecosystem analysis
3.3.CNG market dynamics
3.3.1.CNG– Market Forces
3.3.1.1.CNG Market driver analysis
3.3.1.2.CNG Market restraint/challenges analysis
3.3.1.3.CNG Market opportunity analysis
3.3.2.Industry analysis – Porter’s five force
3.3.2.1.Bargaining power of supplier
3.3.2.2.Bargaining power of buyer
3.3.2.3.Threat of substitute
3.3.2.4.Threat of new entrant
3.3.2.5.Degree of competition
3.3.3.CNG market PEST analysis, 2017
3.3.4.CNG market Value Chain analysis
3.3.5.CNG Industry trends
3.3.6.Competitive Ranking Analysis
4.CNG Market Size and Forecast by Product Type
4.1.Key Findings
4.2.Associated gas
4.2.1.Global Market Estimates and Forecasts, 2017-2026
4.3.Non Associated Gas
4.3.1.Global Market Estimates and Forecasts, 2017-2026
4.4.Unconventional Gas
4.4.1.Global Market Estimates and Forecasts, 2017-2026
5.CNG Market Size and Forecast by Vehicle Type
5.1.Key Findings

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email:[email protected]

Leave a comment

Your email address will not be published. Required fields are marked *