Light and Heavy duty Natural Gas Vehicle Market Rising at 5.65% CAGR During 2017-2021

Market Research Report on Global Light and Heavy duty Natural Gas Vehicle Market is a professional and in-depth research report. The Report include basic information like definitions, classifications, applications and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on.

The Report Announces the Publication of its Research Report – Global Light and Heavy Duty Natural Gas Vehicle Market 2017-2021

The Report recognizes the following companies as the key players in the global light and heavy duty natural gas vehicle market: CNH Industrial, Daimler Trucks, General Motors, MAN Truck & Bus, and Volvo Trucks.

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Other Prominent Vendors in the market are: Beiqi Foton Motor, BRC Gas Equipment, Cummins Westport, Dongfeng Motor, Fiat Chrysler Automobiles, Ford Motor, GAZ, Honda, IMPCO Technologies, ISUZU MOTORS, KAMAZ, Landi Renzo, Navistar, Renault, and Volkswagen.

Commenting on Global Light and Heavy duty Natural Gas Vehicle Market, an analyst team said: “One trend in market is development of near-zero emission NGV. Many NGV manufacturers have been focusing on developing near-zero emission natural gas-powered engines to increase the popularity of NGVs and to ensure compliance with the emission norms set by regulatory bodies. Cummins Westport, one of the leading manufacturers of alternate fuel engines, has already started the production of the near-zero variant (NZ), an 8.9-liter engine that will be commercially available in FY2017-FY2018. The company claims that the NZ variant of the engine will have emissions 90% lower than the regulations set by the US Environmental Protection Agency (EPA) and California Air Resources Board (CARB). The engine will have nitrox emissions as low as 0.02 grams/bhp/Km.”

The Report analysts forecast the global light and heavy duty natural gas vehicle market to grow at a CAGR of 5.65% during the period 2017-2021.
According to Global Light and Heavy duty Natural Gas Vehicle Market, one driver in market is stricter emission standards. Many countries are working to implement strict emission norms in response to environmental and health concerns. Reducing automotive emissions and fuel consumption are the main objectives behind setting tougher emission norms. Such legislations will lead to the increased adoption of NGVs especially in the LCV and HCV segment as the emissions from diesel-powered light-duty and heavy-duty trucks are much more than that of natural gas-powered engines. Nitrogen oxide emissions are also higher in diesel engines, thus mandating the installation of urea filters to reduce nitrox emissions. The resultant increase in the prices of diesel engines will further boost NGV adoption rates.
Further, Global Light and Heavy duty Natural Gas Vehicle Market states that one challenge in market is higher differential cost of NGV for heavy-duty vehicles. The majority of the engines manufactured today are compatible with either gasoline or diesel. Alternative fuels like LPG, CNG, and LNG require the installation of a kit to make the engine compatible with the fuel type. Gasoline engines are the cheapest to manufacture. In the passenger vehicle segment, the sum of gasoline engine cost and the differential cost for the installation of kits for CNG and LNG fuel types are lower compared to the cost of diesel engines owing to lower engine displacement and size. However, the differential cost rises as the engine displacement increases. For heavy-duty vehicles, the cost of the kit may be more than that of the diesel engine itself.
The listed pricing for this Global Light and Heavy duty Natural Gas Vehicle Market report starts at $ 3500. Request Discount for Global Light and Heavy duty Natural Gas Vehicle Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/5144
Table of Contents in Global Light and Heavy duty Natural Gas Vehicle Market Research Report:

PART 06: Global Light and Heavy duty Natural Gas Vehicle Market segmentation by application
Global light- and heavy-duty NGV market by application
Global light-duty NGV market
Global heavy-duty NGV market
PART 07: Market segmentation by geography
Global light- and heavy-duty NGV market by geography
Light- and heavy-duty NGV market in APAC
Light- and heavy-duty NGV market in EMEA
Light- and heavy-duty NGV market in the Americas
PART 08: Global Light and Heavy duty Natural Gas Vehicle Market drivers
Stricter emission standards
Lower price of natural gas than other fuels
Higher fuel efficiency of NGV
Promotional measures by local governments to boost NGV market
PART 09: Market challenges
Higher differential cost of NGV for heavy-duty vehicles
Low number of natural gas fueling stations
Reducing crude oil prices to hinder adoption of NGV
Shifting focus of OEMs toward electric vehicles
Global Light and Heavy duty Natural Gas Vehicle Market of 78 pages having tables and figures is available for purchase at
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Global Light and Heavy duty Natural Gas Vehicle Market was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Browse full table of contents and data tables For Global Light and Heavy duty Natural Gas Vehicle Market Report @ https://marketsizeforecasters.com/global-light-and-heavy-duty-natural-gas-vehicle-market
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