Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline , diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. Biomethane - cleaned up biogas from anaerobic digestion or landfills - can be used.
In recent years, the share of natural gas in the global energy mix has drastically increased. The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles due to affordability and eco-friendliness. With the rise in the environmental issues such as climatic changes and depleting ozone layer many nations across the globe have started using CNG in power production.
In 2019, the market size of Compressed Natural Gas is 16200 million US$ and it will reach 48200 million US$ in 2025, growing at a CAGR of 14.6% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Compressed Natural Gas.
This report studies the global market size of Compressed Natural Gas, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Compressed Natural Gas production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
National Iranian Gas Company
Indraprastha Gas Limited
Royal Dutch Shell PLC
Gazprom
NEOgas
Trillium CNG
China Natural Gas
Pakistan State Oil
J-W Power Company
GNVert
Exxon Mobil Corporation
BP P.L.C
Total S.A
Chevron Corporation
Eni S.p.A.
Statoil ASA
ConocoPhillips Co.
Cabot Oil & Gas Corporation
Southwestern Energy Company
Chesapeake
Market Segment by Product Type
Associated Gas
Non-Associated Gas
Unconventional Sources (CNG)
Market Segment by Application
Light Duty Vehicles
Medium Duty/Heavy Duty Buses
Medium Duty/Heavy Duty Trucks
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Compressed Natural Gas status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Compressed Natural Gas manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Compressed Natural Gas are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Compressed Natural Gas. Industry analysis & Market Report on Compressed Natural Gas is a syndicated market report, published as Global (United States, European Union and China) Compressed Natural Gas Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Compressed Natural Gas market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.