Market Overview:
The global natural gas fueling station equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for natural gas vehicles and large CNG vehicles across the globe. Additionally, government initiatives and regulations supporting the use of natural gas as a fuel are also contributing to the growth of this market. The global natural gas fueling station equipment market can be segmented on the basis of type into CNG fueling station equipment, LNG fueling station equipment, and L-CNG fueling station equipment. The CNG fuelling station segment is expected to hold a major share in terms of revenue in 2018 owing to its high adoption rate across various applications such as passenger cars, commercial vehicles, buses, etc., globally. However, L-CNG fuelling stations are anticipated to witness higher growth rates during the forecast period due its growing demand from heavy-duty trucks and marine vessels segments. On basis application ,the global Natural Gas Vehicle (NV) segment is projected dominate throughout th eforecast period .However Large NG Vehicles (LGV) will have highest compound annual growth rate(CAGR) over next 10 years because many countries have started mandating or incentivizing their use . Regionally , North America accounted for largest share in 2017and it will continue dominating throughout th eforecast period due stringent emission norms by U .
Product Definition:
Natural gas fueling station equipment is used to dispense natural gas fuel into vehicles. The importance of natural gas fueling station equipment is that it allows for the widespread adoption of natural gas vehicles, which produce less emissions than traditional gasoline or diesel-powered vehicles.
CNG Fueling Station Equipment:
Natural Gas (NG) fueling station equipment is used to convert gasoline or diesel into NG. The resulting gas then can be used in internal combustion engines, which were designed specifically for NG usage.
The growth of the market can be attributed to several factors such as increasing demand for alternative fuel sources and government regulations favoring the use of clean fuels. Also, technological advancements leading to efficient and cost-effective solutions are expected to drive the market over the forecast period.
LNG Fueling Station Equipment:
LNG fueling station equipment is used to convert liquefied natural gas into a gaseous form that can be used in an automobile. The most commonly used method of LNG fueling uses pressurized gas in the tank, which comes from a central source and is distributed through pipes to each vehicle. Some automobiles have their own engines, which use the gaseous form of natural gas; however, most require external combustion engines that use gasoline or diesel as fuel.
Application Insights:
The vehicles application segment is categorized into natural gas vehicles and large-scale CNG vehicles. The former includes all electric, hybrid electric, and fuel cell passenger cars while the latter includes heavy-duty natural gas trucks, buses, and other forms of transportation. In terms of revenue as well as volume wise NGVSE market is dominated by the vehicle application segment with respect to large scale CNGVs being a secondary contributor in North America region.
Natural Gas Vehicles (NV) are projected to account for a significant share in global automotive sector owing to their lower carbon emissions when compared with conventional gasoline fueled engines over the long term; this factor has resulted in increasing demand for these stations from both private consumers as well as fleet operators across various regions globally including North America and Europe.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30% owing to increasing number of natural gas vehicles. China is projected to be the fastest-growing country in terms of natural gas fueling station equipment demand, registering a CAGR close to 10% from 2018 to 2030. The growth can be attributed primarily to rising adoption of LNG as fuel across end-use industries such as transportation and power generation.
North America is expected to witness significant growth over the forecast period owing its large presence in CNG vehicle manufacturing industry coupled with growing acceptance for compressed Natural Gas (CNG) fueled vehicles across U.S., Mexico, and Canada regions due largely declining costs associated with LPG/LHV consumption along with increasing environmental benefits offered by natural gas over other fuels including diesel or gasoline counterparts.
Growth Factors:
- Increasing demand for natural gas vehicles
- Government initiatives and subsidies for NGVs
- Favorable regulatory environment for NGVs
- Technological advancements in natural gas fueling station equipment
- Growing demand from commercial and industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Fueling Station Equipment Market Research Report
By Type
CNG Fueling Station Equipment, LNG Fueling Station Equipment, L-CNG Fueling Station Equipment
By Application
Natural Gas Vehicles, Large CNG Vehicles
By Companies
Clean Energy Fuels, CMD Corp, Chart Industries, ANGI ENERGY SYSTEMS, Chengdu Huaqi Houpu, Chongqing Naide, AVIC Beijing Changkong, Chongqing Juchuang, Furuise, Enric (CIMC), Clean Energy Fuels, Qingdao Luke Auto 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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Fueling Station Equipment Market Report Segments:
The global Natural Gas Fueling Station Equipment market is segmented on the basis of:
Types
CNG Fueling Station Equipment, LNG Fueling Station Equipment, L-CNG Fueling Station Equipment
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
Natural Gas Vehicles, Large CNG Vehicles
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:
- Clean Energy Fuels
- CMD Corp
- Chart Industries
- ANGI ENERGY SYSTEMS
- Chengdu Huaqi Houpu
- Chongqing Naide
- AVIC Beijing Changkong
- Chongqing Juchuang
- Furuise
- Enric (CIMC)
- Clean Energy Fuels
- Qingdao Luke Auto Gas
Highlights of The Natural Gas Fueling Station Equipment 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:
- CNG Fueling Station Equipment
- LNG Fueling Station Equipment
- L-CNG Fueling Station Equipment
- By Application:
- Natural Gas Vehicles
- Large CNG Vehicles
- 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 Natural Gas Fueling Station Equipment 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
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?
Natural gas fueling station equipment is a system that allows drivers to refuel their vehicles with natural gas. This equipment typically includes a dispenser that dispenses natural gas into the vehicle's fuel tank, and a monitoring system to ensure that the correct amount of natural gas is being delivered.
Some of the key players operating in the natural gas fueling station equipment market are Clean Energy Fuels, CMD Corp, Chart Industries, ANGI ENERGY SYSTEMS, Chengdu Huaqi Houpu, Chongqing Naide, AVIC Beijing Changkong, Chongqing Juchuang, Furuise, Enric (CIMC), Clean Energy Fuels, Qingdao Luke Auto Gas.
The natural gas fueling station equipment 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 Natural Gas Fueling Station Equipment 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 Natural Gas Fueling Station Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Gas Fueling Station Equipment 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 Natural Gas Fueling Station Equipment 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 Natural Gas Fueling Station Equipment Market Size & Forecast, 2020-2028
4.5.1 Natural Gas Fueling Station Equipment Market Size and Y-o-Y Growth
4.5.2 Natural Gas Fueling Station Equipment 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 CNG Fueling Station Equipment
5.2.2 LNG Fueling Station Equipment
5.2.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
6.2.2 Large CNG Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Gas Fueling Station Equipment 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 Natural Gas Fueling Station Equipment 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 CNG Fueling Station Equipment
9.6.2 LNG Fueling Station Equipment
9.6.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
9.10.2 Large CNG Vehicles
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 CNG Fueling Station Equipment
10.6.2 LNG Fueling Station Equipment
10.6.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
10.10.2 Large CNG Vehicles
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 CNG Fueling Station Equipment
11.6.2 LNG Fueling Station Equipment
11.6.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
11.10.2 Large CNG Vehicles
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 CNG Fueling Station Equipment
12.6.2 LNG Fueling Station Equipment
12.6.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
12.10.2 Large CNG Vehicles
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 CNG Fueling Station Equipment
13.6.2 LNG Fueling Station Equipment
13.6.3 L-CNG Fueling Station Equipment
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 Natural Gas Vehicles
13.10.2 Large CNG Vehicles
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 Natural Gas Fueling Station Equipment Market: Competitive Dashboard
14.2 Global Natural Gas Fueling Station Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clean Energy Fuels
14.3.2 CMD Corp
14.3.3 Chart Industries
14.3.4 ANGI ENERGY SYSTEMS
14.3.5 Chengdu Huaqi Houpu
14.3.6 Chongqing Naide
14.3.7 AVIC Beijing Changkong
14.3.8 Chongqing Juchuang
14.3.9 Furuise
14.3.10 Enric (CIMC)
14.3.11 Clean Energy Fuels
14.3.12 Qingdao Luke Auto Gas
