Compressed Natural Gas CNG Market 2018 Global Analysis, Opportunities and Brief Analysis By Top Key Players - China Natural Gas Inc., NeoGas Inc, ANGI Energy Systems Inc, GNVert, Trillium CNG, OAO GasProm

Polaris Market Research’s new report indicates that the global CNG market generated USD 79.31 billion in 2017 and is anticipated to grow at a CAGR of 11.9% during the forecast period.

Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/compressed-natural-gas-cng-market/request-for-free-sample

CNG use has been increasing rapidly owing to the benefits it offers economically and environmentally. As it is a considered as one of the cleanest transportation fuel, several government initiatives and schemes have been formulated for further increasing its use. This has actually enhanced the air quality. Growing importance of CNG as a vehicular fuel in several regional markets is the main factor to drive industry growth over the forecast period. CNG fueled vehicles are increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions.

Higher prices of petrol/diesel compared to CNG and increasing concerns for environmental pollution, CNG has found a prominent space in the league of transportation fuels for all types of vehicles. The initial conversion cost to CNG is a barrier for the users as a transportation fuel. However, the public transportation vehicles have been the early adopters of the product, as it is easy to amortize the money invested at a faster rate in the new fuel type. Apart from these, the number of CNG vehicles worldwide has grown annually at 30% for the past five years.

Browse Full Research Report with in-depth TOC @ https://www.polarismarketresearch.com/industry-analysis/compressed-natural-gas-cng-market/

As gasoline and diesel still remains the major transportation fuel for road transports, the more severe environmental concerns for their emissions running parallel to the increasing need for fossil fuels for the yearly increasing fleet of vehicles, CNG stands as the most potential and viable option for the current and future transportation fuel needs. The development of the electric vehicle concept might be a direct threat to the CNG industry, however, infrastructure development for being completely electric vehicle dependent is a far from reality as it is an extremely costly technology in terms of vehicle cost, power requirements and development of an completely new electric roadways infrastructure. Hence, these factors of CNG as a transportation fuel being the cleanest fossil fuel for vehicles with the offering of similar vehicle performance, relatively low cost and with lower carbon emissions, the industry is expected to develop significantly over the next eight years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global CNG Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Make Inquiry about this report @ https://www.polarismarketresearch.com/industry-analysis/compressed-natural-gas-cng-market/inquire-before-buying

Competitive Landscape and Key Vendors

Pakistan, India, China and Thailand are the leading CNG vehicles market in the Asia Pacific region with Pakistan and India ranked among the top five nations worldwide. Product demand in Pakistan is expected to increase further despite deregulations in the market and the parallel rise in diesel/petrol prices. Europe on the other hand is a potential contributor to its demand with Russia and Italy leading the way, however, growing popularity of electric vehicles in many of the nations such as the Netherlands is projected to hinder industry growth over the forecast period.

North America with stringent regulatory framework on emissions, CNG demand with respect to these are anticipated to increase over the forecast period.

Some of the leading industry participants include China Natural Gas Inc., NeoGas Inc, ANGI Energy Systems Inc, GNVert, Trillium CNG, OAO GasProm, J-W Power Company, Mahanagar gas Limited (MNGL), National Iranian Gas Company, and Indraprastha Gas Limited (IGL).

Key Segments

Product Type

• Associated gas
• Non Associated gas
• Unconventional gas

Vehicle Type

• Light Passenger Vehicles
• Medium/Heavy Duty Vehicles
• Three Wheeler Vehicles

Region

• North America

o U.S.
o Canada

• Europe

o Germany
o UK
o France

• Asia-Pacific

o China
o India
o Pakistan

• Latin America

o Brazil
o Mexico

• Middle East and Africa

Significant Note: Customized Research Report As per your Requirements: https://www.polarismarketresearch.com/industry-analysis/compressed-natural-gas-cng-market/request-for-customization

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 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.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.