Market Overview:
The global compressed natural gas (CNG) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for CNG as a fuel source for vehicles, owing to its environmental benefits over traditional fuels such as petrol and diesel. Additionally, the increasing focus on reducing greenhouse gas emissions is also propelling the growth of the global compressed natural gas (CNG) market. Based on type, non-associated gas dominates the global compressed natural gas (CNG) market and is expected to continue its dominance during the forecast period. This can be attributed to factors such as growing production of shale gas and tight oil in North America and Latin America, which has led to an increase in availability of non-associated gases across these regions.
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Product Definition:
Compressed natural gas (CNG) is a fuel consisting of methane and other hydrocarbons, obtained by compressing natural gas. CNG is used as a vehicle fuel and as a cooking fuel.
Associated Gas:
Associated gas is a by-product of oil & gas operations and consists of hydrogen, nitrogen, carbon dioxide and other gases. It is usually present in large volumes in natural gas streams and can be extracted economically using simple equipment. The associated gases are used as an alternative to crude oil or coal for energy generation purposes. They are also used as feedstock for producing synthetic (artificial) gas from various sources such as coal or natural gas liquids which further finds application in industrial processes.
Non-Associated Gas:
Non-associated gas is a type of gas that is produced during the processing of oil and natural gas. It consists mainly of nitrogen, carbon monoxide, hydrogen sulfide and other impurities. The major applications include CNG stations, industrial processes and power generation plants among others.
Application Insights:
On the basis of application, the global CNG market has been segmented into light duty vehicles, medium/heavy duty buses and trucks and medium/heavy duty construction equipment. In 2017, light-duty vehicles accounted for a major share in the global market owing to increasing sales of passenger cars and two wheelers in developing countries including India, China Japan etc. Moreover, growing sales of commercial vehicles are also expected to contribute towards segment growth over the forecast period.
Medium/Heavy Duty Buses & Trucks is projected to be one of the fastest growing segments due to rising demand from various industries including automotive OEMs such as Ford Motor Company; General Motors; FCA Group; Honda Motor Co.; Toyota Motors Corporation etc., power generation plants among others. The use of Compressed Natural Gas fuel cell powered heavy-duty trucks can reduce greenhouse gas emissions by up to 90% when compared with diesel engines thereby contributing towards sustainable development goals set by governments across regions worldwide.
Regional Analysis:
Asia Pacific dominated the global CNG market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for compressed natural gas as a fuel for transportation due to factors such as growing population, rising disposable income of consumers, and government initiatives favoring environment-friendly vehicles. Moreover, China is anticipated to dominate the Asia Pacific market owing to various factors such as low prices of CNG compared with diesel or gasoline fueled vehicles and high adoption rate of advanced technologies including electric cars.
North America accounted for a significant share in terms of revenue generation owing to heavy investments made by automakers towards development of lightweight natural gas engines coupled with favorable government policies supporting environment-friendly vehicles across U.S., Canada, Mexico promoting higher adoption rate over time which will result in increased demand from end users including buses & trucks among others over the next eight years thus positively influencing regional growth significantly.
Growth Factors:
- Increasing demand for CNG as a fuel source for vehicles, owing to its environmental benefits over petrol and diesel.
- Government initiatives and subsidies towards the promotion of CNG as a transportation fuel.
- Rising prices of crude oil and other traditional fuels, which is making CNG more economical in comparison.
- Growing popularity of CNG-powered vehicles among fleet operators and commercial vehicle owners due to their lower running costs as compared to petrol or diesel vehicles .
Scope Of The Report
Report Attributes
Report Details
Report Title
Compressed Natural Gas (CNG) Market Research Report
By Type
Associated Gas, Non-Associated Gas, Unconventional Methods
By Application
Light Duty Vehicles, Medium/Heavy Duty Buses, Medium/Heavy Duty Trucks
By Companies
Indraprastha Gas, National Iranian Gas, Mahanagar Gas, J-W Power, OAO Gazprom, GNVert, ANGI Energy Systems, NeoGas, China Natural Gas, Indraprastha Gas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Compressed Natural Gas (CNG) Market Report Segments:
The global Compressed Natural Gas (CNG) market is segmented on the basis of:
Types
Associated Gas, Non-Associated Gas, Unconventional Methods
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Duty Vehicles, Medium/Heavy Duty Buses, Medium/Heavy Duty Trucks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Indraprastha Gas
- National Iranian Gas
- Mahanagar Gas
- J-W Power
- OAO Gazprom
- GNVert
- ANGI Energy Systems
- NeoGas
- China Natural Gas
- Indraprastha Gas
 Market Overview.svg)
Highlights of The Compressed Natural Gas (CNG) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Associated Gas
- Non-Associated Gas
- Unconventional Methods
- By Application:
- Light Duty Vehicles
- Medium/Heavy Duty Buses
- Medium/Heavy Duty Trucks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compressed Natural Gas (CNG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compressed natural gas (CNG) is a fuel that is made from compressed natural gas. It is similar to gasoline, but it has a higher octane rating and does not contain lead.
Some of the key players operating in the compressed natural gas (cng) market are Indraprastha Gas, National Iranian Gas, Mahanagar Gas, J-W Power, OAO Gazprom, GNVert, ANGI Energy Systems, NeoGas, China Natural Gas, Indraprastha Gas.
The compressed natural gas (cng) market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compressed Natural Gas (CNG) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compressed Natural Gas (CNG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compressed Natural Gas (CNG) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compressed Natural Gas (CNG) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compressed Natural Gas (CNG) Market Size & Forecast, 2020-2028
4.5.1 Compressed Natural Gas (CNG) Market Size and Y-o-Y Growth
4.5.2 Compressed Natural Gas (CNG) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Associated Gas
5.2.2 Non-Associated Gas
5.2.3 Unconventional Methods
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Duty Vehicles
6.2.2 Medium/Heavy Duty Buses
6.2.3 Medium/Heavy Duty Trucks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compressed Natural Gas (CNG) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compressed Natural Gas (CNG) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Associated Gas
9.6.2 Non-Associated Gas
9.6.3 Unconventional Methods
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Duty Vehicles
9.10.2 Medium/Heavy Duty Buses
9.10.3 Medium/Heavy Duty Trucks
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Associated Gas
10.6.2 Non-Associated Gas
10.6.3 Unconventional Methods
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Duty Vehicles
10.10.2 Medium/Heavy Duty Buses
10.10.3 Medium/Heavy Duty Trucks
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Associated Gas
11.6.2 Non-Associated Gas
11.6.3 Unconventional Methods
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Duty Vehicles
11.10.2 Medium/Heavy Duty Buses
11.10.3 Medium/Heavy Duty Trucks
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Associated Gas
12.6.2 Non-Associated Gas
12.6.3 Unconventional Methods
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Duty Vehicles
12.10.2 Medium/Heavy Duty Buses
12.10.3 Medium/Heavy Duty Trucks
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Associated Gas
13.6.2 Non-Associated Gas
13.6.3 Unconventional Methods
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Duty Vehicles
13.10.2 Medium/Heavy Duty Buses
13.10.3 Medium/Heavy Duty Trucks
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compressed Natural Gas (CNG) Market: Competitive Dashboard
14.2 Global Compressed Natural Gas (CNG) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Indraprastha Gas
14.3.2 National Iranian Gas
14.3.3 Mahanagar Gas
14.3.4 J-W Power
14.3.5 OAO Gazprom
14.3.6 GNVert
14.3.7 ANGI Energy Systems
14.3.8 NeoGas
14.3.9 China Natural Gas
14.3.10 Indraprastha Gas
