Compressed Natural Gas (CNG) Market Expand High Opportunities Offers Future Business Growth With National Iranian Gas Company, Indraprastha Gas Limited, Royal Dutch Shell PLC, Gazprom, NEOgas, Trillium CNG, China Natural Gas, J-W Power Company, GNVert

Global Compressed Natural Gas Market is projected to reach at $XX million by 2026, growing at a CAGR of +14% from 2019 to 2026. In current years, the share of natural gas in the worldwide energy mix has drastically increased. The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles due to affordability and eco-friendliness. With the rise in the environmental issues such as climatic changes and depleting ozone layer many nations across the globe have started using CNG in power production. The study on compressed natural gas (CNG) market deliver the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2019 to 2026.

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Companies Profiled in this Report Includes: National Iranian Gas Company, Indraprastha Gas Limited, Royal Dutch Shell PLC, Gazprom, NEOgas Inc., Trillium CNG, China Natural Gas Inc., Pakistan State Oil, J-W Power Company, GNVert, Exxon Mobil Corporation, BP P.L.C, Total S.A, Chevron Corporation, Eni S.p.A., Statoil ASA, ConocoPhillips Co., Cabot Oil & Gas Corporation, Southwestern Energy Company, Chesapeake. And Others

Why Compressed Natural Gas Market:

Internationally, CNG is used primarily as a clean transportation fuel with significantly lower emissions compared to either gasoline or diesel. The implementation of CNG as the preferred choice of automobile fuel has augmented significantly. Global consumption of CNG straight depends upon the number of CNG powered natural gas vehicles in operation. CNG powered natural gas vehicles can be largely segmented into light duty (LD) vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others. The others segment encompasses three-wheeler CNG powered vehicles such as autos and tuk-tuks.

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.

Segmentation:
By Source:
• Associated Gas
• Non-Associated Gas
• Unconventional Sources (CNG)

By End User
• Light Duty Vehicles
• Medium Duty/Heavy Duty Buses
• Medium Duty/Heavy Duty Trucks

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Key highlights of the global Compressed Natural Gas market for the forecast years 2019-2026:
• CAGR of the market during the forecast period 2019-2026
• Detailed information on factors that will accelerate the growth of the Compressed Natural Gas market during the next five years
• Precise estimation of the global Compressed Natural Gas market size and its contribution to the parent market
• Accurate estimates on upcoming trends and changes in consumer behavior
• The growth of the Compressed Natural Gas industry across the Americas, APAC, and EMEA
• A systematic analysis of the market’s competitive landscape and in depth information on several vendors
• Comprehensive details on factors that will challenge the growth of Compressed Natural Gas companies

This is anticipated to drive the global Compressed Natural Gas market over the forecast period. This research report provide the market landscape and its progress prospects in the near future. After studying key companies, the report focuses on the new entrants contributing to the growth of the Compressed Natural Gas sector. Most companies in the global Compressed Natural Gas market are currently adopting new technological trends in the Compressed Natural Gas sector.

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It also considers the various approaches for boosting the performance of the companies. The advancements in technological platforms, tools, technologies have been clarified in detail.

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