The Compressed Natural Gas CNG Market size is expected to grow at an annual average of 16% during 2021-2027. Compressed natural gas (CNG) is widely used in heavy duty vehicles due to its economical and environmentally friendly properties. With increasing environmental issues such as climate change and ozone depletion, many countries around the world are starting to use CNG for power generation. Due to the recovery of oil prices, many countries prefer cheap CNG. In addition, the use of unconventional fuels such as compressed natural gas is driving the CNG market due to the increasing demand for energy in several countries. In addition, stringent government regulations on pollution control and increasing fiscal health in many countries around the world are fueling the compressed natural gas market.
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The following segmentation are covered in this report:
By Source
- Associated Gas
- Non-Associated Gas
- Unconventional Sources (CNG)
By End User
- Light Duty Vehicles
- Medium Duty/Heavy Duty Buses
- Medium Duty/Heavy Duty Trucks
Company Profile
- CHINA NATURAL GAS INC.
- GAZPROM
- GNVERT
- INDRAPRASTHA GAS LIMITED
- J-W POWER COMPANY
- NATIONAL IRANIAN GAS COMPANY
- NEOGAS INC.
- PAKISTAN STATE OIL
- TRILLIUM CNG
- ROYAL DUTCH SHELL
The report covers the following objectives:
- Proliferation and maturation of trade in the global Compressed Natural Gas CNG Market
- The market share of the global Compressed Natural Gas CNG Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Compressed Natural Gas CNG Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Compressed Natural Gas CNG Market
Scope of the report
The research study analyses the Compressed Natural Gas CNG Market 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
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Compressed Natural Gas CNG Market Report
- What was the Compressed Natural Gas CNG Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Compressed Natural Gas CNG Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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