Press release
Natural Gas Refueling Stations Market to Soar at a CAGR of 4.17% to 2021
Natural gas is produced using conventional or renewable method. It is a clean-burning alternative fuel in the transportation sector and must be compressed or liquefied for use in vehicles. In most cases, CNG is supplied to the refueling stations via the existing natural gas distribution and is compressed at the station. LNG is cooled and stored in its liquid state and must be converted to gas again for use in vehicles. CNG is primarily used in light and medium vehicles and to some extent used in heavy-duty vehicles. CNG refueling stations are more common than LNG refueling stations. Since the use of LNG is limited but not restricted to long haul vehicles, fleet operators prefer having their own (private) LNG refueling infrastructure.
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Covered in this report
The report covers the present scenario and the growth prospects of the global natural gas refueling stations market for 2017-2021. To calculate the market size, the report considers the compressors, CNG refueling equipment, fuel dispenser etc., and the market size has been estimated based on vendors that provide complete solutions and few other vendors of individual components.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Market reaserch report, Global Natural Gas Refueling Stations 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
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Key vendors: Atlas Copco, Clean Energy Fuels, KWANGSHIN, Wayne Fueling Systems.
Other prominent vendors: "O" Ring CNG Fuel Systems, Aerotecnica Coltri, ANGI Energy Systems (part of Gilbarco), BAUER COMPRESSORS, Chicago Pneumatic, Cryostar (part of THE LINDE GROUP), Cummins Westport, ENGIE, Honeywell, Ingersoll-Rand, Parker Hannifin, Siemens.
Market driver: Demand for cleaner fuels and For a full, detailed list, view our report..
Market challenge: Limited demand for Natural Gas Refueling Stations in developing countries, For a full, detailed list, view our report.
Market trend: Increasing use of natural gas in transportation sector, For a full, detailed list, view our report.
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