Press release
Compressed Natural Gas (CNG) Market Size, Analysis, Industry Share, Strategies & Forecast with Upcoming Trends 2017
Browse Full Report: http://www.acutemarketreports.com/report/compressed-natural-gas-cng-market
Market Insights
Global compressed natural gas (CNG) market is projected to witness high growth over the forecast period. Increasing adoption of CNG as alternative fuel to gasoline and diesel due to increasing fuel efficiency of the vehicles is projected to encourage the use of CNG as vehicle fuel. Further, favorable government initiatives such as subsidies especially in key consuming economies of Asia Pacific such as China, and India to promote the use of CNG due to its low greenhouse gases emission properties is projected to fuel the demand for the CNG over the forecast period. Increasing investment in infrastructure to increase the penetration of CNG as a vehicle fuel is also expected to augment the growth of the segment. This in turn is projected to drive the demand for CNG over the forecast period. However, lack of infrastructure and high installation cost for the storage and supply of CNG is expected to remain the key challenge for the global compressed natural gas (CNG) market during the forecast period (2016-2024).
Asia Pacific is projected to be the key consuming market in global compressed natural gas (CNG) market. Increasing number of natural gas based automobile coupled increasing investment in infrastructure for CNG storage and distribution facilities in the region is projected to augment the demand for CNG in the region. Further, favorable regulatory support to promote CNG as the alternative auto fuel due to its low greenhouse emission characteristics is anticipated to fuel the demand of CNG in the region. The region is also projected to witness highest growth over the forecast period (2016-2024).
By Source, non- associated segment was the most dominant segment in 2015 and anticipated to continue its dominance of over the forecast period. Increasing exploration and production of conventional natural gas reserves especially in Middle East & Africa and Europe is anticipated to drive the growth of the segment during the forecast period. Unconventional segment is expected to be the fastest growing segment during the forecast period. Growing shale gas production in U.S., Canada and China is anticipated to fuel the supply of natural gas through unconventional reserves over the forecast period (2016-2024).
By application, light passenger vehicles segment was observed to be the largest segment in 2015 in compressed natural gas (CNG) market owing to growing popularity of the CNG as an auto fuel due to higher efficiency of the CNG powered vehicles. Further, growth in number of passenger car due to growth in per capita disposable income of middle class especially in China and India is projected to fuel the demand for the CNG during the forecast period. The segment is anticipated to grow at significant rate and projected to maintain its dominance over the forecast period (2016-2024).
Considering the competition, the global compressed natural gas (CNG) market is expected to witness a significant rise in investment in capacity expansion for the production and supply of CNG. Further, market has witnessed strategic mergers and collaborations among compressed natural gas (CNG) regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.
Browse Full Report: http://www.acutemarketreports.com/report/compressed-natural-gas-cng-market
Request Sample: http://www.acutemarketreports.com/request-free-sample/40380
About Us:
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Our database consists of 200,000+ market research reports with detailed & minute market research.
Web- http://www.acutemarketreports.com/
Contact Us:
Acute Market Reports
105 N 1st ST #429
SAN JOSE
CA 95103
United States
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Compressed Natural Gas (CNG) Market Size, Analysis, Industry Share, Strategies & Forecast with Upcoming Trends 2017 here
News-ID: 963678 • Views: …
More Releases from Acute Market Reports
Voluntary Agriculture Carbon Credit Market Poised to Grow at 31.5% CAGR as Clima …
[New York], [USA] - December 9, 2025 - The voluntary agriculture carbon credit market is set for strong expansion, growing at a 31.5% compound annual growth rate (CAGR) as food companies, corporates and investors turn to climate-smart farming as a practical source of verified carbon reductions and removals. Farms are emerging as key climate assets, with new projects turning improved practices into tradable carbon credits.
Access Complete Report from https://www.acutemarketreports.com/report/voluntary-agriculture-carbon-credit-market
Agriculture offers…
Pediatric Allergy Treatment Market Set to Soar: Projected to Reach $13.9 Billion …
The pediatric allergy treatment market is experiencing significant growth, driven by the rising prevalence of allergic conditions among children. Allergies, including food allergies, allergic rhinitis, asthma, and skin allergies, are becoming increasingly common in the pediatric population. This trend has led to a growing demand for effective treatment options that can provide relief and improve the quality of life for children affected by these conditions. The market for pediatric allergy…
Strippable Coatings Market Is Expected To Expand At A CAGR Of 7.1% From 2024 To …
Strippable coatings, also referred to as peelable coatings, are a type of non-flammable, water-based protective solution that can be easily removed from surfaces without the need for harsh chemical strippers or cleaners. Composed of water-based acrylic polymers, vapor phase corrosion inhibitors, and a thixotropic thickener, these coatings enhance barrier and surface protection properties. They can be applied via brush, spray, dip, or roll and are primarily utilized on bare metal…
Bakeware Market | Global Industry Size, Development Strategy, Revenue Analysis, …
The market for bakeware is a dynamic and evolving sector that serves both commercial and residential consumers. In 2023, the bakeware market was valued at $3,850.0 million and is projected to reach $6,462.2 million by the end of 2032. This market is anticipated to grow at a compound annual growth rate (CAGR) of 5.91% during the forecast period from 2024 to 2032. The growth is largely driven by a resurgence…
More Releases for CNG
Vehicle CNG Tank CNG Cylinder Market Industry Trends, Opportunities And Overview …
Xcellent Insights has recently added a novel report on "Global Vehicle CNG TankCNG Cylinder Market, Size, Share, Growth Analysis, By Type, Application and Region" to its database that offers a comprehensive analysis of the global Vehicle CNG TankCNG Cylinder industry. The report offers details about current and historical status, market volume, market share, size, drivers, restraints, growth opportunities and prime challenges.
The aim of this report is to help users, investors…
Global CNG Tank (CNG Cylinder) Market Expected to Witness a Sustainable Growth o …
Market Research Report Store offers a latest published report on CNG Tank (CNG Cylinder) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the CNG Tank (CNG Cylinder) market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 926.1 million by 2024, from US$ 812.7…
CNG Tank (CNG Cylinder) Market Is Booming Worldwide | Sintez-CIP, JFE, Jiangsu T …
A latest study released by HTF MI on Global CNG Tank (CNG Cylinder) Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of CNG Tank (CNG Cylinder) market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging…
Global CNG Tank (CNG Cylinder) Market – Demand, Sales Forecasts, Share and Siz …
CNG Tank Refers to the Tank for storing compressed natural gas
Scope of the Report:
This report focuses on the CNG Tank in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type…
Global CNG Tank (CNG Cylinder) Market Expected to Witness a Sustainable Growth o …
New report published by Market Research Report Store (MRRS) which offers insights on the global CNG Tank (CNG Cylinder) market.
CNG Tank/Cylinder is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure…
Global CNG Tank (CNG Cylinder) Market News, Corporate Financial Plan, Supply and …
The market report on the CNG Tank (CNG Cylinder) Market 2017 consists of all the important aspects of the market. The market size of the CNG Tank (CNG Cylinder) market is estimated in terms of US$ value in the market report. The global market segmentation of the CNG Tank (CNG Cylinder) market is included along with its regional segmentation. Data is collected and analyzed by using the Porter’s Five Forces…
