Compressed Natural Gas Market Technology Implementation – Demand, Size, Uses and Forecast to 2025.

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Presentation transcript:

Compressed Natural Gas Market Technology Implementation – Demand, Size, Uses and Forecast to 2025

PROGRESSIVE MARKET – REPORT OVERVIEW Compressed natural gas (CNG) is a colorless, odorless, and non-corrosive gas, produced when natural gas is compressed to less than 1% of the volume that it occupies at the standard atmospheric pressure. As compared to gasoline or diesel, CNG is a much cleaner fuel and thus, government of several nations, specifically that of Asia-Pacific and LAMEA, are supporting the adoption of CNG as a transportation fuel. Iran, Pakistan, China, Brazil, and Argentina are among the top five countries having highest number of vehicles running on CNG. Request Sample: natural-gas-markethttps:// natural-gas-market

REPORT OVERVIEW  Global compressed natural gas market is expected to grow at a CAGR of 12.5% from 2017 to  Based on source, the market is divided into associated gas, non-associated gas, and unconventional methods.  According to application, it is categorized into light duty vehicles, medical/heavy duty trucks, and medium/heavy duty buses.  Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

MARKET DYNAMICS Drivers: Growing interest in automobile manufacturers regarding the development of dual fuel engines has led to an increase in the expenditure on R&D. Rising demand for unconventional transport fuels coupled with increase in number of CNG powered vehicles is fueling the demand for CNG. Government initiatives including support policies, funding, and incentives has also assisted in the growth of CNG market in particular regions such as Asia-Pacific and LAMEA. Restraints: High initial investment costs for CNG storage tanks act as major barrier, restricting the adoption of CNG as a fuel. Enquiry About Report: report/compressed-natural-gas-markethttps:// report/compressed-natural-gas-market

MARKET LANDSCAPE By Source Associated gas Non-associated gas Unconventional methods By Application Light duty vehicles Medium/Heavy duty Trucks Medium/Heavy duty Buses

TABLE OF CONTENT 7. Company profiles 7.1. ANGI Energy Systems Inc Overview Financials and business segments Recent developments 7.2. China Natural Gas Inc Overview Financials and business segments Recent developments 7.3. GNVert Overview…………..Continued…..

CONTACT US… Contact us: Antviews Global, Serve No. 721/1 Flat No 404, Sudhanshu co. op Housing Society, Shastri Road, Near Kalavati Devi Mandir, Fatak Baug, Pune Visit: