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Compressed Natural Gas (CNG) Market | Global Industry to Witness Healthy Growth Over 2028

Compressed natural gas (CNG) market will reach an estimated valuation of USD 1,335.80 million by 2028, while registering this growth at a rate of 30.30% for the forecast period of 2021 to 2028. Compressed natural gas (CNG) market report analyses the growth, which is currently being growing due to the increasing need for energy security in regards to transport fuels.

The Global Compressed Natural Gas (CNG) Market report brings into light key market dynamics of the sector. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. Compressed Natural Gas (CNG) Market is showing steady growth and CAGR is expected to improve during the forecast period.

The growing adoption of stringent government regulations concerning CO2 emissions, rising number of subsidy provided by government in emerging countries for CNG, recovering oil prices, increasing need for decarbonizing the transportation sector, rising demand of eco-friendly technology, thereby providing better air quality and sustainability, prevalence of favourable government policies are some of the major as well as vital factors which will likely to augment the growth of the compressed natural gas (CNG) market in the projected timeframe of 2021-2028. On the other hand, shift in trend towards developing unconventional sources, rising demand of the energy along with advancements in storage tanks and cylinders which will further contribute by generating massive opportunities that will lead to the growth of the compressed natural gas (CNG) market in the above mentioned projected timeframe.

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The major players covered in the compressed natural gas (CNG) market report are National Iranian Gas Company; Indraprastha Gas Limited; Shell group of companies; Gazprom; NEOgás; Trillium Transportation Fuels, LLC; Pakistan State Oil; J-W Power Company; ENGIE Group; Exxon Mobil Corporation.; BP; Total; Chevron Corporation.; Eni S.p.A.; ConocoPhillips Company; Cabot Oil & Gas Corporation; Southwestern Energy Company.; LMOGA; MNGL.; ANGI Energy Systems, Inc.; Greka Engineering; Gilbarco Inc.; TGT Fuel Technologies India Pvt. Ltd; TATSUNO EUROPE a.s.; Scheidt & Bachmann Tubs doo; Hexagon Composites ASA; FTI Group Ltd; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Compressed Natural Gas (CNG) Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global Compressed Natural Gas (CNG) industry also clarifies economic risks and environmental compliance. Global Compressed Natural Gas (CNG) market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.

Global Compressed Natural Gas (CNG) Market Scope and Market Size

Compressed natural gas (CNG) market is segmented on the basis of source and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of source, the compressed natural gas (CNG) market is segmented into associated gas, non-associated gas, and unconventional sources.  Non-associated gas segment will hold the largest share in the growth of the market due to the rising number of exploration of gas.
  • Based on end user, the compressed natural gas (CNG) market is segmented into light duty vehicles, medium duty/heavy duty buses, and medium duty/heavy duty trucks. Light duty vehicles segment will hold the largest market share in the growth of the market due to the increase in production of natural gas vehicles (NGVs) coupled with demand for clean fuels in automobiles.

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Compressed Natural Gas (CNG) Market: Regional Analysis Includes:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

Key Indicators Analysed:

  • Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales by Product Types.
  • Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
  • Market Analysis by Product Type: The report covers majority Product Types in the Compressed Natural Gas (CNG) Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).
  • Market Analysis by Application Type: Based on the Compressed Natural Gas (CNG) Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
  • Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
  • Opportunities and Drivers: Identifying the Growing Demands and New Technology
  • Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Reasons for buying this report:

  • Analysing the outlook of the Compressed Natural Gas (CNG) market with the recent trends and Porter’s five forces analysis
  • To study current and future market outlook in the developed and emerging markets
  • Compressed Natural Gas (CNG) Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Compressed Natural Gas (CNG) Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Compressed Natural Gas (CNG) Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
  • Distribution Channel Sales Analysis by Value
  • Competitive landscape involving the Compressed Natural Gas (CNG) market share of major players, along with the new product launch and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players

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