Press release
Energy & Natural Resources Manufacturers Report of LNG Fueling Station in Global Market 2017 - 2025
Demand for clean fuel vehicles running on natural gas is gaining momentum due to the rise in concern about environment protection. Governments across the world are promoting the usage of natural gas vehicles owing to the increase in greenhouse gas emissions. Currently, compressed natural gas (CNG) is the primarily used form of natural gas in vehicles worldwide. This gas is compressed at high pressures of about 200 bars and is then dispensed into the CNG tanks of vehicles. CNG is used largely in light duty vehicles, cars, and buses. It is generally not used for heavy duty transport vehicles.. .
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LNG is natural gas that has been liquefied at a temperature of -161 °C. Its volume is about 1/600 times that of natural gas. LNG as transportation fuel would decrease cost and carbon emission when compared to its crude oil alternatives. LNG fueling stations are gradually gaining popularity as they possess higher energy density than CNG, higher volume of natural gas, and their storage requires highly insulated tank owing to low temperatures. Hence, LNG is suited for long distance heavy duty vehicles.
Key companies operating in the LNG fueling station market include Cryostar, Clean Energy Fuels, ENN Energy Holding, Kunlun Energy Company Limited, FortisBC, ENGIE, Sinopec, CNOOC, and Natural Gas Vehicles for America.
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Market segments and sub-segments
Market trends and dynamics
Supply and demand
- The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
. .
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- Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
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