Compressed Natural Gas (CNG) is a natural gas comprised of methane that is stored under high pressures. This compressed gas can be transported or stored for later use as a vehicle fuel. In this form it remains clear, odorless, and non-corrosive.
Rising use of natural gas in the automotive industry, increasing demand of CNG for hybrid vehicles and stern guidelines are one of the major driving factors for compressed natural gas market growth. Furthermore, rising use of CNG is traditional internal combustion engines are also accelerating the compressed natural gas market across the globe.
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Scope of compressed natural gas market includes by Source (Associated Gas, Non Associated Gas, Unconventional Sources), by End User (Light Duty Vehicles, Medium Duty Vehicles, Heavy Duty Vehicles) & by Region (North America- U.S., Canada; Europe- Germany, U.K., France; Asia-Pacific- China, India, Japan; Latin America- Brazil, Mexico; Middle East & Africa- UAE, Saudi Arabia, South Africa).
However, lack of infrastructure and high installation cost for storage are major challenges to overcome for compressed natural gas market. Regardless of the challenges, rising demand of CNG will significantly grow compressed natural gas market in the forecast period.
Compressed Natural Gas Industry report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. On the basis of product, this report displays the cost structure, sales revenue, sales volume, gross margin, market share and growth rate.
Report Covers Market Segment by Manufacturers:
• Royal Dutch Shell PLC
• Neogas Inc.
• Trillium CNG
• China Natural Gas Inc.
Report Covers Market Segment by Types:
• Associated Gas
• Non Associated Gas
• Unconventional Sources
Global Compressed Natural Gas Industry 2019 Market Research Report is spread across 121 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
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Report Covers Market Segment by Applications:
• Light Duty Vehicles
• Medium Duty Vehicles
• Heavy Duty Vehicles
Key Benefits of the Report:
• Global, and regional, product type & application market size and their forecast from 2019-2026
• Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing the growth of the market
• Detailed analysis on industry outlook with market specific PEST analysis, and Supply Chain to better understand the market and build expansion strategies
• Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
• Analysis on key player’s strategic initiatives and competitive developments, such as agreements & joint ventures, mergers & acquisitions, expansion, and new product launches in the market
• Expert interviews and their insights on market trends, market shift, current and future outlook, and factors impacting vendors’ short term & long term strategies
• Detailed insights on emerging regions, product type and application with qualitative and quantitative information and facts
• Identification of the key patents filed in the field of Compressed Natural Gas equipment and other related technologies.
• Compressed Natural Gas providers
• Traders, Importer and Exporter
• Raw material suppliers and distributors
• Research and consulting firms
• Government and research organizations
• Associations and industry bodies
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The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics, capacity Types, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the
Key Industry Participants (KIPs) which typically include:
• Original Equipment Manufacturer
• Component Supplier
• Government Body & Associations
• Research Institute
Table of Content
1 Executive Summary
2 Methodology And Market Scope
3 Compressed Natural Gas Market — Industry Outlook
4 Compressed Natural Gas Market By End User
5 Compressed Natural Gas Market Type
6 Compressed Natural Gas Market Regional Outlook
7 Competitive Landscape
End of the report