Press release
Compressed Natural Gas Market to Garner $36,035 Million - Comprehensive and Competitive Analysis of Leading Market Players - National Iranian Gas Company, Indraprastha Gas Limited, Trillium CNG, Gazprom, NEOgas Inc., Trillium CNG, China Natural Gas Inc.,
Compressed Natural Gas Market
Compressed Natural Gas Market by Source and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global compressed natural gas market was valued at $14,842 million in 2016, and is projected to reach $36,035 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023. Based on source, non-associated gas dominated the global compressed natural gas (CNG) market.
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Due to recovering oil prices, the low-cost of CNG is preferred in many countries. Also, the growth in energy requirement by various nations leads to the use of non-conventional fuel such as compressed natural gas, which drives the CNG market. Furthermore, stringent government regulations in pollution control and increase in the financial health of many countries around the world fuels the compressed natural gas market. Though, the initial investment cost is too high, installation and costs of CNG storage tanks in automobiles is expensive and limited number of fueling stations restrain the growth of the market.
The global compressed natural gas (CNG) market is segmented based on source, end user, and geography. On the basis of source, the market is divided into associated gas, non-associated gas, and unconventional sources. By end user, it is classified into light duty vehicles, medium duty/heavy duty buses, and medium duty/heavy duty trucks. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Light duty vehicle is the most lucrative segment of the global compressed natural gas market, exhibiting the highest potential for investment due to rise in the use of CNG in various metropolitan cities across the globe to overcome air pollution and lower the price of CNG as compared to fossil fuel. The North America CNG market registered the highest growth rate in the global market, followed by Asia-Pacific.
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Asia-Pacific dominated the global compressed natural gas market occupying more than half of the market share in 2016, registering a significant CAGR of around 14.2% during the forecast period. North America accounted for the highest growth rate in the overall global CNG market owing to large reservoirs of natural gas present in North America. Spain witnessed the growth rate of 13.3% in terms of value, during the forecast period.
List of Tables
TABLE 1. GLOBAL COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 2. GLOBAL COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 3. GLOBAL ASSOCIATED GAS COMPRESSED NATURAL GAS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 4. GLOBAL ASSOCIATED SOURCE COMPRESSED NATURAL GAS MARKET VOLUME, BY REGION, 2015-2023 (MCM)
TABLE 5. GLOBAL NON-ASSOCIATED SOURCE COMPRESSED NATURAL GAS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 6. GLOBAL NON-ASSOCIATED GAS COMPRESSED NATURAL GAS MARKET VOLUME, BY REGION, 2015-2023 (MCM)
TABLE 7. GLOBAL UNCONVENTIONAL SOURCE COMPRESSED NATURAL GAS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 8. GLOBAL UNCONVENTIONAL SOURCES COMPRESSED NATURAL GAS MARKET VOLUME, BY REGION, 2015-2023 (MCM)
TABLE 9. GLOBAL COMPRESSED NATURAL GAS VALUE BY END USER, 2015-2023 ($MILLION)
TABLE 10. GLOBAL COMPRESSED NATURAL GAS VOLUME BY END USER, 2015-2023 (MCM)
TABLE 11. GLOBAL COMPRESSED NATURAL GAS VALUE FOR LIGHT DUTY VEHICLES BY REGION, 2015-2023 (US$ MILLION)
TABLE 12. GLOBAL COMPRESSED NATURAL GAS VOLUME FOR LIGHT DUTY VEHICLES BY REGION, 2015-2023 (MCM)
TABLE 13. GLOBAL COMPRESSED NATURAL GAS VALUE FOR MEDIUM DUTY/HEAVY DUTY BUSES BY REGION, 2015-2023 (US$ MILLION)
TABLE 14. GLOBAL COMPRESSED NATURAL GAS VOLUME FOR MEDIUM DUTY/HEAVY DUTY BUSES BY REGION, 2015-2023 (MCM)
TABLE 15. GLOBAL COMPRESSED NATURAL GAS VALUE FOR MEDIUM DUTY/HEAVY DUTY TRUCKS BY REGION, 2015-2023 (US$ MILLION)
TABLE 16. GLOBAL COMPRESSED NATURAL GAS VALUE FOR MEDIUM DUTY/HEAVY DUTY TRUCKS BY REGION, 2015-2023 (MCM)
TABLE 17. GLOBAL COMPRESSED NATURAL GAS MARKET VALUE, BY REGION, 2015-2023 ($MILLION)
TABLE 18. GLOBAL COMPRESSED NATURAL GAS MARKET VOLUME, BY REGION, 2015-2023 (MCM)
TABLE 19. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 20. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 21. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 22. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 23. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 24. NORTH AMERICA COMPRESSED NATURAL GAS MARKET VOLUME, BY COUNTRY, 2015-2023 (MCM)
TABLE 25. U.S. COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 26. U.S. COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 27. U.S. COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 28. U.S. COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 29. CANADA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 30. CANADA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 31. CANADA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 32. CANADA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 33. MEXICO COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 34. MEXICO COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 35. MEXICO COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 36. MEXICO COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 37. EUROPE COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 38. EUROPE COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 39. EUROPE COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 40. EUROPE COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 41. EUROPE COMPRESSED NATURAL GAS MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 42. EUROPE COMPRESSED NATURAL GAS MARKET VOLUME, BY COUNTRY, 2015-2023 (MCM)
TABLE 43. UK COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCEK, 2015-2023 ($MILLION)
TABLE 44. UK COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 45. UK COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 46. UK COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 47. GERMANY COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 48. GERMANY COMPRESSED NATURAL GAS MARKET VOLUME, BY END SOURCE, 2015-2023 (MCM)
TABLE 49. GERMANY COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 50. GERMANY COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 51. FRANCE COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 52. FRANCE COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 53. FRANCE COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 54. FRANCE COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 55. ITALY COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 56. ITALY COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 57. ITALY COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 58. ITALY COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 59. SPAIN COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 60. SPAIN COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 61. SPAIN COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 62. SPAIN COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 63. REST OF EUROPE COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 64. REST OF EUROPE COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 65. REST OF EUROPE COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 66. REST OF EUROPE COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 67. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 68. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 69. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 70. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 71. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 72. ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VOLUME, BY COUNTRY, 2015-2023 (MCM)
TABLE 73. CHINA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 74. CHINA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 75. CHINA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 76. CHINA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 77. JAPAN COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 78. JAPAN COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 79. JAPAN COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 80. JAPAN COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 81. INDIA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 82. INDIA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 83. INDIA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 84. INDIA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 85. PAKISTAN COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 86. PAKISTAN COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 87. PAKISTAN COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 88. PAKISTAN COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 89. REST OF ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 90. REST OF ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 91. REST OF ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 92. REST OF ASIA-PACIFIC COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 93. LAMEA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 94. LAMEA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 95. LAMEA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 96. LAMEA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 97. LAMEA COMPRESSED NATURAL GAS MARKET VALUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 98. LAMEA COMPRESSED NATURAL GAS MARKET VOLUME, BY COUNTRY, 2015-2023 (MCM)
TABLE 99. IRAN COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 100. IRAN COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 101. IRAN COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 102. IRAN COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 103. BRAZIL COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 104. BRAZIL COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 105. BRAZIL COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 106. BRAZIL COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 107. ARGENTINACOMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 108. ARGENTINA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 109. ARGENTINA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 110. ARGENTINA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 111. REST OF LAMEA COMPRESSED NATURAL GAS MARKET VALUE, BY SOURCE, 2015-2023 ($MILLION)
TABLE 112. REST OF LAMEA COMPRESSED NATURAL GAS MARKET VOLUME, BY SOURCE, 2015-2023 (MCM)
TABLE 113. REST OF LAMEA COMPRESSED NATURAL GAS MARKET VALUE, BY END USER, 2015-2023 ($MILLION)
TABLE 114. REST OF LAMEA COMPRESSED NATURAL GAS MARKET VOLUME, BY END USER, 2015-2023 (MCM)
TABLE 115. CHINA NATURAL GAS: COMPANY SNAPSHOT
TABLE 116. CHINA NATURAL GAS: OPERATING SEGMENTS
TABLE 117. GAZPROM: COMPANY SNAPSHOT
TABLE 118. GAZPROM: OPERATING SEGMENTS
TABLE 119. GNVERT: COMPANY SNAPSHOT
TABLE 120. GNVERT: OPERATING SEGMENTS
TABLE 121. INDRAPRASTHA: COMPANY SNAPSHOT
TABLE 122. INDRAPRASTHA: OPERATING SEGMENTS
TABLE 123. J-W POWER COMPANY: COMPANY SNAPSHOT
TABLE 124. J-W POWER COMPANY: OPERATING SEGMENTS
TABLE 125. NATIONAL IRANIAN GAS: COMPANY SNAPSHOT
TABLE 126. NATIONAL IRANIAN GAS: OPERATING SEGMENTS
TABLE 127. NEOGAS: COMPANY SNAPSHOT
TABLE 128. NEOGAS: OPERATING SEGMENTS
TABLE 129. PAKISTAN STATE OIL: COMPANY SNAPSHOT
TABLE 130. PAKISTAN STATE OIL: OPERATING SEGMENTS
TABLE 131. ROYAL DUTCH SHELL: COMPANY SNAPSHOT
TABLE 132. ROYAL DUTCH SHELL: OPERATING SEGMENTS
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