Light and Heavy-duty Natural Gas Vehicle Market 2021 Analysis by Top Manufacturers – Volvo Trucks, Beiqi Foton Motor, BRC Gas Equipment, Cummins Westport

The Light and Heavy-duty Natural Gas Vehicle Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Light and Heavy-duty Natural Gas Vehicle Market with its specific geographical regions.

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Light and Heavy-duty Natural Gas Vehicle Market was valued at 29,793.76 thousand units in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028

Top leading Manufacturers Profiled in Light and Heavy-duty Natural Gas Vehicle Market Report are CNH Industrial, Daimler Trucks, General Motors, MAN Truck & Bus, Volvo Trucks, 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, Volkswagen,

Natural gas vehicles (NGV) are alternative fuel vehicles that use natural gas in place of diesel or gasoline as fuel for combustion. Natural gas is used in two forms in automobiles: compressed natural gas (CNG) and liquefied natural gas (LNG). LNG is stored as a supercooled liquid and is used for combustion. A temperature range between -184 degrees Fahrenheit and -274 degrees Fahrenheit is maintained for the storage of LNG. The advantage of using LNG is that it has a high calorific value that is comparable to that of gasoline. However, it needs high investment in infrastructure to maintain the temperature of the cryogenic liquid. CNG is stored in a gaseous form and an odorant is added to it to detect leakage. Normally, it is stored in high-pressure tanks with a pressure range of 20 to 25 Mpa.

Recent Developments-

Cummins Introduces New Heavy-Duty Powertrain for Natural Gas Customers- COLUMBUS, Global power leader Cummins Inc. (NYSE: CMI) and Cummins Westport Inc. announced today that the ISX12N+Endurant HD N powertrain from its Integrated power portfolio is now available for heavy-duty customers, delivering a fully integrated natural gas powertrain.

Volkswagen ditches natural gas to focus on e-cars- Frankfurt am Main: Volkswagen on Monday said it will stop developing natural gas-fuelled cars as the German auto giant bets on electric engines in the battle to woo climate-conscious drivers.

Westport and Tata Motors Launch Natural Gas Engine Featuring Westport WP580 Engine Management System- Westport Innovations (TSX:WPT / NASDAQ:WPRT), engineering the world’s most advanced natural gas engines and vehicles, and Tata Motors Limited, India’s largest automobile company, today launched a new spark-ignited (SI) natural gas 3.8L turbocharged engine featuring the Westport WP580 Engine Management System (EMS).

The higher fuel efficiency of natural gas trucks is one of the primary growth factors for this market. It has been observed that fuel prices account for almost 30% of the total acquisition cost of commercial vehicles. Although this induces fleet owners to prefer commercial vehicles with a reasonable engine horsepower and better fuel efficiency, fluctuating fuel prices make it difficult for fleet owners to forecast operational costs. This will result in the increased adoption of natural gas vehicles since the low cost of natural gas reduces the cost per mile of NGVs.

Global Light and Heavy-duty Natural Gas Vehicle Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Light-duty NGV

Heavy-duty NGV

Market Research Study Focus on these Applications:

Public Transportation

Logistics

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Regional Analysis for Light and Heavy-duty Natural Gas Vehicle Market:

For a comprehensive understanding of market dynamics, the global Light and Heavy-duty Natural Gas Vehicle market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Light and Heavy-duty Natural Gas Vehicle Market Scenario:

This research report represents a detailed research overview of the competitive landscape of the Light and Heavy-duty Natural Gas Vehicle Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the Light and Heavy-duty Natural Gas Vehicle Market in a detailed manner for better insights into the businesses.

The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, threats, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

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Table of Contents:

-Light and Heavy-duty Natural Gas Vehicle Market Overview
-Economic Impact on Industry
-Market Competition by Manufacturers
-Production, Revenue (Value) by Region
-Supply (Production), Consumption, Export, Import by Regions
-Production, Revenue (Value), Price Trend by Type
-Market Analysis by Application
-Manufacturing Cost Analysis
-Business Chain, Sourcing Strategy, and Downstream Buyers
-Marketing Strategy Analysis, Distributors/Traders
-Market Effect Factors Analysis
-Light and Heavy-duty Natural Gas Vehicle Market Forecast

In conclusion, the Light and Heavy-duty Natural Gas Vehicle market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Light and Heavy-duty Natural Gas Vehicle Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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