Global Compressed Natural Gas (CNG) Market : Industry Size, Share, Analysis, Trend & Future Planning 2025
Bharat Book Bureau Provides the Trending Market Research Report on“Global Compressed Natural Gas (CNG) Market, Forecast to 2025” underIndustry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends,Key Manufacturers, global presence, and their future prospects.
Global Compressed Natural Gas (CNG) Market industry valued approximately USD 74 billion in 2016 is anticipated to grow with a healthy growth rate of more than11% over the forecast period 2017-2025. Rising adoption of CNG as an alternative fuel to gasoline or diesel to increase the fuel efficiency of the vehicles is a major growth driving factor in the market. Moreover, favorable outlook on exploration of unconventional resources involving shale gas specifically in U.S. and China is estimated to offer growth opportunities for key market players.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Non-Associated Gas
- Associated Gas
- Unconventional Methods
-Light Duty Vehicles
-Medium/Heavy Duty Buses
-Medium/Heavy Duty Trucks
- Ambulatory Settings
- Specialized Clinics
- Research Centers & Laboratory
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are; National Iranian Gas Company, Mahanagar gas Limited (MNGL), J-W Power Company, OAO GasProm, Trillium CNG, GNVert, NeoGas Inc., China Natural Gas Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Compressed Natural Gas (CNG) Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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