Global Compressed Natural Gas Market Is Growing at a CAGR of 12.5% from 2014 to 2025

Big Market Research added a report on “Global Compressed Natural Gas Market: Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”

For More Details with TOC@ https://www.bigmarketresearch.com/global-compressed-natural-gas-size-trend-share-opportunity-analysis-and-forecast-2014-2025-market

Compressed natural gas (CNG) is a colorless, odorless, and non-corrosive gas, produced when natural gas is compressed to less than 1% of the volume that it occupies at the standard atmospheric pressure. As compared to gasoline or diesel, CNG is a much cleaner fuel and thus, government of several nations, specifically that of Asia-Pacific and LAMEA, are supporting the adoption of CNG as a transportation fuel. Iran, Pakistan, China, Brazil, and Argentina are among the top five countries having highest number of vehicles running on CNG. Global compressed natural gas market is expected to grow at a CAGR of 12.5% from 2017 to 2025.

Based on source, the market is divided into associated gas, non-associated gas, and unconventional methods. According to application, it is categorized into light duty vehicles, medical/heavy duty trucks, and medium/heavy duty buses. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Request for Sample Copy@ https://www.bigmarketresearch.com/request-sample/1206153

Market Dynamics:
Drivers:
Growing interest in automobile manufacturers regarding the development of dual fuel engines has led to an increase in the expenditure on R&D.
Rising demand for unconventional transport fuels coupled with increase in number of CNG powered vehicles is fueling the demand for CNG.
Government initiatives including support policies, funding, and incentives has also assisted in the growth of CNG market in particular regions such as Asia-Pacific and LAMEA.
Restraints:
High initial investment costs for CNG storage tanks act as major barrier, restricting the adoption of CNG as a fuel.

Market Players:
The top players in the global compressed natural gas market include Indraprastha Gas Limited (IGL) (India), National Iranian Gas Company (Iran), Mahanagar gas Limited (MNGL) (India), OAO Gazprom (Russia), Trillium CNG (U.S.), GNVert (France), ANGI Energy Systems Inc. (U.S.), NeoGas Inc. (U.S.), China Natural Gas Inc. (China), and J-W Power Company (U.S.).

For Purchase Enquiry@ https://www.bigmarketresearch.com/purchase-enquiry/1206153

MARKET LANDSCAPE
By Source
o Associated gas
o Non-associated gas
o Unconventional methods
By Application
o Light duty vehicles
o Medium/Heavy duty Trucks
o Medium/Heavy duty Buses

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Uk
o France
o Italy
• Asia-Pacific
o Japan
o China
o India
o Australia
• Lamea
o Brazil
o Turkey
o Venezuela
o Saudi Arabia

With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly. Our research services ranges into different domains and penetrates in different verticals so that we can carter to diverse needs of various organization. Not wrong to quote that this is the hotspot for research needs of yours. Big Market Research uniqueness lies in its highly ethical reports at economical rates because we value your relationship and growth more than money. Your growth is our aim.

Contact Us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220, United States
Direct: + 1-503-894-6022
Toll Free: + 1-800-910-6452
Email: help@bigmarketresearch.com
Web: http://www.bigmarketresearch.com

This release was published on openPR.