Compressed Natural Gas Market begins to take bite out of Versioned Long Term Growth

Advance Market Analytics added research publication document on Worldwide Compressed Natural Gas Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Compressed Natural Gas market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are ANGI Energy Systems Inc. (United States), British Gas (United Kingdom), Royal Dutch Shell PLC (Netherlands), Trillium CNG (United States), China Natural Gas Inc (China), GNVert (France), Gujarat Gas (India), Hexagon Composites ASA (Norway), Indraprastha Gas Limited (IGL) (India), J-W Power Company (United States).

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Natural gas consists of methane, ethane, propane and butane. Among them the major component is methane. As it contains lower energy density as compared to other fuels, it is compressed by cooling it to -162 oC and stored in insulated tanks. Compressed Natural Gas is used in place of gasoline, diesel fuel and LPG for transportation, industrial, agricultural and raw material. It is lighter than air and gets dispersed quickly after releasing it. Due to the rising environmental issues various countries are using it for transportation. In 2018, Minister of petroleum and natural gas in India stated that 10,000 CNG gas stations will be rolled out in 10 years. The Global Compressed Natural Gas Market size was valued at $9.88 billion in 2020, and is projected to reach $22.25 billion by 2030, growing at a CAGR of 8.11% from 2021 to 2030.

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Opportunities:
• Lesser Maintenance Requirement of Vehicles and Greater Engine Life
• Rising Adoption of CNG is Fueling the Growth of the Market

Influencing Market Trend
• Lower Cost of CNG than Other Fuels
• High Investment in Research and Development
Market Drivers

Challenges:
• High Competition Due to the Presence of Major Players
• Larger Space Requirement to Store the Fuel

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Analysis by CNG tank type (Aluminium, Carbon), Vehicle type (Cars, Buses, Light commercial vehicles, Trucks), CNG stations (Fast-fill stations, Time fill stations), Source (Associated Gas, Non-Associated Gas, Unconventional Sources (CNG))

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [ANGI Energy Systems Inc. (United States), British Gas (United Kingdom), Royal Dutch Shell PLC (Netherlands), Trillium CNG (United States), China Natural Gas Inc (China), GNVert (France), Gujarat Gas (India), Hexagon Composites ASA (Norway), Indraprastha Gas Limited (IGL) (India), J-W Power Company (United States),]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

The regional analysis of Global Compressed Natural Gas Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/71333-global-compressed-natural-gas-market-1#utm_source=OpnePRLal

Highlights of the Report
• The future prospects of the global Compressed Natural Gas market during the forecast period 2023-2028 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Compressed Natural Gas market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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