Compressed Natural Gas (CNG) Market Market USD 346.9 billion By 2028 | CAGR: 17.2%
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
“According to Polaris Market Research report, Compressed Natural Gas (CNG) Market is witnessing major innovations & transformations and is anticipated to reach USD 346.9 billion By 2028, registering a CAGR of 17.2% during the forecast period 2021 to 2028. The global Compressed Natural Gas (CNG) Market report sheds light on the key dynamics of the global market, analyzing the data on a historical basis and forecasted data till the year 2028 The market analysis covered in the report includes data in terms of value $346.9 Billion.The market overview section of the report covers the global industry overview, microeconomic and macroeconomic outlook, and forecasted factors. The market dynamics section of this report includes major drivers, restraints, trends, and opportunities emerging in the market.
Compressed Natural Gas (CNG) Market Report Scope: The global Compressed Natural Gas (CNG) Market is segmented based on type, application, and region. The motive of the research report is to define market dynamics of different countries & segments in the recent time and to forecast the values for the coming years. The report is specifically designed to incorporate quantitative and qualitative aspects of the market within each country and region involved in the study. The report caters the extensive information regarding the driving factors & hurdles that will define the future outlook for the market. Additionally, the report also incorporates prevailing and emerging opportunities for stakeholders to invest along with the in-depth detailed analysis of product/services offerings of prominent players shaping the overall development of the market.
-2-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
By Type
• • •
Non-associated Associated Unconventional methods
By Application • • •
By Region Type
Light passenger • vehicle • Medium/heavy duty vehicles • Others • •
North America (U.S., Canada) Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea) Latin America (Brazil, Mexico, Argentina) Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
COVID-19 Impact Analysis for Compressed Natural Gas (CNG) Market COVID-19 is an ongoing public health emergency that has impacted almost all industries globally, and its longterm effects are expected to influence the target industry growth over the forecast period. Our ongoing research features the COVID-19 impact analysis section as a key part of the report to uncover the major issues and potential paths forward. In this report, the insights provided in terms of changes in consumer behavior and purchasing patterns, dynamics of current market forces, re-routing of the supply chain, and the interventions of governments. The latest study incorporates analysis, estimations, insights, and forecasts, considering the COVID-19 impact on the market. Gain access to our latest research report that includes in-depth analysis of the COVID-19 pandemic impacting the the Compressed Natural Gas (CNG) Market in different regions and how leading players are forming strategies to mitigate the adverse effect of the pandemic and take benefit of emerging opportunities : Browse Detailed Research Report On Compressed Natural Gas (CNG) Market Analysis: https://www.polarismarketresearch.com/industry-analysis/compressed-natural-gas-cng-market
Regional Outlook Among regional markets, the region emerged as the promising regional market with its higher revenue share contribution. The growth in this regional market is primarily attributed to the ongoing technological advancements in the industry, increasing economic stability, huge government investments, and growing awareness related to the benefits of the product/service. Competitive Landscape The report offers a complete industry analysis while featuring the competitive landscape that includes company financials, product portfolios, major breakthroughs, and upcoming projects. The report includes a detailed view of the global market, along with changing scenarios, trends, regional segmentation, regional -3-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
landscape, major investments, and details of historical, present, and projected revenues. According to Polaris Market Research, the key players with a noteworthy dominance in the Compressed Natural Gas (CNG) Market include GlaxoSmithKline plc, Becton Dickson and Company, Cardinal Health, Natus Medical Incorporated Takeda Pharmaceutical Company Limited, Koninklijke Philips N.V., and Teva Pharmaceutical Industries Ltd. Request for sample: https://www.polarismarketresearch.com/industry-analysis/compressed-naturalgas-cng-market/request-for-sample
Table of Contents 1. Introduction 1.1. Report Description 1.1.1.Objectives of the Study 1.1.2.Market Scope 1.1.3.Assumptions 1.2. Stakeholders 2. Executive Summary 2.1. Market Highlights 3. Research Methodology 3.1. Overview 3.1.1.Data Mining 3.2. Data Sources 3.2.1.Primary Sources 3.2.2.Secondary Sources 4. CNG Market Insights 4.1. CNG – Industry snapshot 4.2. CNG – Value Chain 4.3. CNG Market Dynamics 4.3.1.Drivers and Opportunities 4.3.1.1. Cost Competitiveness 4.3.1.2. Supply Security 4.3.1.3. Sustainability 4.3.1.4. Inherent Advantages 4.3.1.4.1. Clean nature of Natural Gas Vehicles (NGV) 4.3.1.4.2. Reduction in Greenhouse Gas Emissions 4.3.1.4.3. Reduction in Noise and Odor 4.3.1.4.4. Low Contamination Risk 4.3.1.4.5. High Performance 4.3.1.4.6. Secure Supply 4.3.2.Restraints and Challenges 4.3.2.1. Inherent Disadvantages 4.3.2.1.1. Comparatively High Purchasing Cost 4.3.2.1.2. Limited Availability 4.3.2.1.3. Reduced Storage Space 4.3.2.1.4. Issues related to Engine Injection 4.3.2.1.5. Less Fuel Range 4.3.2.2. Factors Restraining Entry into E&P development zones 4.3.2.3. Constraint areas in North America -4-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
4.4. Porter’s Five Forces Analysis 4.4.1.Bargaining Power of Suppliers (Moderate) 4.4.2.Threats of New Entrants: (Low) 4.4.3.Bargaining Power of Buyers (Moderate) 4.4.4.Threat of Substitute (Moderate) 4.4.5.Rivalry among existing firms (High) 4.5. PEST Analysis 4.6. CNG Market Industry trends – Covid Impact and Post-Pandemic Recovery 5. CNG Market Assessment by Type 5.1. Introduction 5.1.1.Global CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 5.1.2.Global CNG Market, By Type, 2016 – 2028 (USD Billion) 5.2. Non-associated gas 5.2.1.Global CNG Market, by Non-associated gas, by Region, 2016-2028 (Billion cubic meters) 5.2.2.Global CNG Market, by Non-Associated gas, by Region, 2016-2028 (USD Billion) 5.3. Associated Gas 5.3.1.Global CNG Market, by Associated Gas, by Region, 2016-2028 (Billion cubic meters) 5.3.2.Global CNG Market, by Associated Gas, by Region, 2016-2028 (USD Billion) 5.4. Unconventional Methods 5.4.1.Global CNG Market, by Unconventional Methods, by Region, 2016-2028 (Billion cubic meters) 5.4.2.Global CNG Market, by Unconventional Methods, by Region, 2016-2028 (USD Billion) 6. Global CNG Market, by Application 6.1. Introduction 6.1.1.Global CNG Market, By Application, 2016 – 2028 (Billion cubic meters) 6.1.2.Global CNG Market, By Application, 2016 – 2028 (USD Billion) 6.2. Light Passenger Vehicles 6.2.1.Global CNG Market, by Light Passenger Vehicles, by Region, 2016-2028 (Billion cubic meters) 6.2.2.Global CNG Market, by Light Passenger Vehicles, by Region, 2016-2028 (USD Billion) 6.3. Medium/Heavy Duty Vehicles 6.3.1.Global CNG Market, by Medium/Heavy Duty Vehicles, by Region, 2016-2028 (Billion cubic meters) 6.3.2.Global CNG Market, by Medium/Heavy Duty Vehicles, by Region, 2016-2028 (USD Billion) 6.4. Other Applications 6.4.1.Global CNG Market, by Other Applications, by Region, 2016-2028 (Billion cubic meters) 6.4.2.Global CNG Market, by Other Applications, by Region, 2016-2028 (USD Billion) 7. CNG Market Assessment by Geography 7.1. Introduction 7.1.1.CNG Market Assessment, By Geography, 2016-2028 (Billion cubic meters) 7.1.2.CNG Market Assessment, By Geography, 2016-2028 (USD Billion) 7.2. CNG Market – North America 7.2.1.North America CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.2.2.North America CNG Market, By Type, 2016 – 2028 (USD Billion) 7.2.3.North America: CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.2.4.North America: CNG Market, By Application, 2016-2028 (USD Billion) 7.2.5.CNG Market – U.S. 7.2.5.1. U.S. CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.2.5.2. U.S. CNG Market, By Type, 2016 – 2028 (USD Billion) 7.2.5.3. U.S. CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.2.5.4. U.S. CNG Market, By Application, 2016-2028 (USD Billion) 7.2.6.CNG Market – Canada 7.2.6.1. Canada CNG Market, By Type, 2016 – 2028 (Billion cubic meters) -5-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
7.2.6.2. Canada CNG Market, By Type, 2016 – 2028 (USD Billion) 7.2.6.3. Canada CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.2.6.4. Canada CNG Market, By Application, 2016-2028 (USD Billion) 7.2.7.CNG Market – Mexico 7.2.7.1. Mexico CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.2.7.2. Mexico CNG Market, By Type, 2016 – 2028 (USD Billion) 7.2.7.3. Mexico CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.2.7.4. Mexico CNG Market, By Application, 2016-2028 (USD Billion) 7.3. CNG Market – Europe 7.3.1.Europe CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.3.2.Europe CNG Market, By Type, 2016 – 2028 (USD Billion) 7.3.3.Europe CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.3.4.Europe CNG Market, By Application, 2016-2028 (USD Billion) 7.3.5.CNG Market – Germany 7.3.5.1. Germany CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.3.5.2. Germany CNG Market, By Type, 2016 – 2028 (USD Billion) 7.3.5.3. Germany CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.3.5.4. Germany CNG Market, By Application, 2016-2028 (USD Billion) 7.3.6.CNG Market – UK 7.3.6.1. UK CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.3.6.2. UK CNG Market, By Type, 2016 – 2028 (USD Billion) 7.3.6.3. UK CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.3.6.4. UK CNG Market, By Application, 2016-2028 (USD Billion) 7.3.7.CNG Market – France 7.3.7.1. France CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.3.7.2. France CNG Market, By Type, 2016 – 2028 (USD Billion) 7.3.7.3. France CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.3.7.4. France CNG Market, By Application, 2016-2028 (USD Billion) 7.3.8.CNG Market – Italy 7.3.8.1. Italy CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.3.8.2. Italy CNG Market, By Type, 2016 – 2028 (USD Billion) 7.3.8.3. Italy CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.3.8.4. Italy CNG Market, By Application, 2016-2028 (USD Billion) 7.4. CNG Market – Asia Pacific 7.4.1.Asia Pacific CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.4.2.Asia Pacific CNG Market, By Type, 2016 – 2028 (USD Billion) 7.4.3.Asia Pacific CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.4.4.Asia Pacific CNG Market, By Application, 2016-2028 (USD Billion) 7.4.5.CNG Market – China 7.4.5.1. China CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.4.5.2. China CNG Market, By Type, 2016 – 2028 (USD Billion) 7.4.5.3. China CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.4.5.4. China CNG Market, By Application, 2016-2028 (USD Billion) 7.4.6.CNG Market – India 7.4.6.1. India CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.4.6.2. India CNG Market, By Type, 2016 – 2028 (USD Billion) 7.4.6.3. India CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.4.6.4. India CNG Market, By Application, 2016-2028 (USD Billion) 7.4.7.CNG Market – Japan 7.4.7.1. Japan CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.4.7.2. Japan CNG Market, By Type, 2016 – 2028 (USD Billion) -6-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
7.4.7.3. Japan CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.4.7.4. Japan CNG Market, By Application, 2016-2028 (USD Billion) 7.5. CNG Market – Latin America 7.5.1.Latin America CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.5.2.Latin America CNG Market, By Type, 2016 – 2028 (USD Billion) 7.5.3.Latin America CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.5.4.Latin America CNG Market, By Application, 2016-2028 (USD Billion) 7.5.5.CNG Market – Brazil 7.5.5.1. Brazil CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.5.5.2. Brazil CNG Market, By Type, 2016 – 2028 (USD Billion) 7.5.5.3. Brazil CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.5.5.4. Brazil CNG Market, By Application, 2016-2028 (USD Billion) 7.6. CNG Market – Middle East & Africa 7.6.1.Middle East & Africa CNG Market, By Type, 2016 – 2028 (Billion cubic meters) 7.6.2.Middle East & Africa CNG Market, By Type, 2016 – 2028 (USD Billion) 7.6.3.Middle East & Africa CNG Market, By Application, 2016-2028 (Billion cubic meters) 7.6.4.Middle East & Africa CNG Market, By Application, 2016-2028 (USD Billion) 8. Competitive Landscape 8.1. Partnerships. Collaborations and Signing New Agreements are the Best Adopted Strategy by the Companies 8.2. Expansion & New Technology 8.3. Partnerships/Collaborations/Agreements/Exhibitions 9. Company Profiles 9.1. ExxonMobil 9.1.1.Business Overview 9.1.2.Financial Snapshot 9.1.3.Products and Services 9.1.4.Recent Developments 9.2. Chevron 9.2.1.Business Overview 9.2.2.Financial Snapshot 9.2.3.Products and Services 9.2.4.Recent Developments 9.3. ConocoPhillips 9.3.1.Business Overview 9.3.2.Financial Snapshot 9.3.3.Products and Services 9.3.4.Recent Developments 9.4. EOG Resources 9.4.1.Business Overview 9.4.2.Financial Snapshot 9.4.3.Products and Services 9.4.4.Recent Developments 9.5. Occidental Petroleum 9.5.1.Business Overview 9.5.2.Financial Snapshot 9.5.3.Products and Services 9.5.4.Recent Developments 9.6. Phillips 66 9.6.1.Business Overview 9.6.2.Financial Snapshot -7-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
9.6.3.Products and Services 9.6.4.Recent Developments 9.7. Valero Energy 9.7.1.Business Overview 9.7.2.Financial Snapshot 9.7.3.Products and Services 9.7.4.Recent Developments 9.8. Halliburton 9.8.1.Business Overview 9.8.2.Financial Snapshot 9.8.3.Products and Services 9.8.4.Recent Developments 9.9. Anadarko Petroleum 9.9.1.Business Overview 9.9.2.Financial Snapshot 9.9.3.Products and Services 9.9.4.Recent Developments 9.10. Marathon Petroleum 9.10.1. Business Overview 9.10.2. Financial Snapshot 9.10.3. Products and Services 9.10.4. Recent Developments 9.11. China Natural Gas Inc. 9.11.1. Business Overview 9.11.2. Financial Snapshot 9.11.3. Products and Services 9.11.4. Recent Developments 9.12. NeoGas Inc 9.12.1. Business Overview 9.12.2. Financial Snapshot 9.12.3. Products and Services 9.12.4. Recent Developments 9.13. ANGI Energy Systems Inc 9.13.1. Business Overview 9.13.2. Financial Snapshot 9.13.3. Products and Services 9.13.4. Recent Developments 9.14. GNVert 9.14.1. Business Overview 9.14.2. Financial Snapshot 9.14.3. Products and Services 9.14.4. Recent Developments 9.15. Trillium CNG 9.15.1. Business Overview 9.15.2. Financial Snapshot 9.15.3. Products and Services 9.15.4. Recent Developments 9.16. OAO GasProm 9.16.1. Business Overview 9.16.2. Financial Snapshot 9.16.3. Products and Services -8-
Compressed Natural Gas (CNG) Market Size Worth USD 346.9 billion By 2028
9.16.4. 9.17. 9.17.1. 9.17.2. 9.17.3. 9.17.4. 9.18. 9.18.1. 9.18.2. 9.18.3. 9.18.4. 9.19. 9.19.1. 9.19.2. 9.19.3. 9.19.4. 9.20. 9.20.1. 9.20.2. 9.20.3. 9.20.4.
Recent Developments J-W Power Company Business Overview Financial Snapshot Products and Services Recent Developments Mahanagar Gas Limited (MNGL) Business Overview Financial Snapshot Products and Services Recent Developments National Iranian Gas Company Business Overview Financial Snapshot Products and Services Recent Developments Indraprastha Gas Limited (IGL) Business Overview Financial Snapshot Products and Services Recent Developments
Access Press Release on Compressed Natural Gas (CNG) Market: https://www.polarismarketresearch.com/press-releases/compressed-natural-gas-cng-market
About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com
-9-