Press release
Global Light And Heavy Duty Natural Gas Vehicle Market Current and Future Perspective Driven By Growth at CAGR of 5.65% Between Periods 2017-2021
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.
The global light and heavy duty natural gas vehicle market to grow at a CAGR of 5.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global light and heavy duty natural gas vehicle market for 2017-2021. To calculate the market size, the report presents a comprehensive, reliable, and the result of extensive research, both primary and secondary.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Light And Heavy Duty Natural Gas Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
CNH Industrial
Daimler Trucks
General Motors
MAN Truck & Bus
Volvo Trucks
Other prominent vendors
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
Market driver
Promotional measures by local governments to boost NGV market.
For a full, detailed list, view our report
Market challenge
Reducing crude oil prices to hinder adoption of NGV.
For a full, detailed list, view our report
Market trend
Next generation fuel injectors and adsorbent natural gas tank to increase range of NGV.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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