1 / 8

Compressed Natural Gas Market Size, Share, Trends, Growth

CNG has been gaining importance as clean fuel in traditional internal combustion gasoline engines. CNG fueled vehicles are increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions.

uday2204
Download Presentation

Compressed Natural Gas Market Size, Share, Trends, Growth

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Compressed Natural Gas MarketSet to Exceed USD 218.18 billion by 2026 | CAGR 11.9% “Compressed Natural Gas (CNG) Market [By Product Type (Associated Gas, Non-Associated Gas, Unconventional Gas); By Application (Light Passenger Vehicles, Medium/Heavy Duty Vehicles, Three Wheeler Vehicles); By Regions]: Market size & Forecast, 2017 – 2026”

  2. Compressed Natural Gas Market Estimate & Forecast to 2026 The global compressed natural gas market is anticipated to reach USD 218.18 billion by 2026 according to a new study published by Polaris Market Research. CNG has been gaining importance as clean fuel in traditional internal combustion gasoline engines. CNG fueled vehicles are increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions. Higher prices of petrol/diesel compared to CNG and increasing concerns for environmental pollution, CNG has found a prominent space in the league of transportation fuels for all types of vehicles. The initial conversion cost to CNG is a barrier for the users as a transportation fuel. However, the public transportation vehicles have been the early adopters of the product, as it is easy to amortize the money invested at a faster rate in the new fuel type. Apart from these, the number of CNG vehicles worldwide has grown annually at 30% for the past five years. .

  3. Compressed Natural Gas Market Scope Request for sample

  4. Compressed Natural Gas Market Estimate & Forecast to 2026 CNG itself has been a significant phenomenon which is out in the global market for the past decade. Its benefits of being the cleanest fossil fuel that emit the least amount of impurities that gasoline or diesel produces. Moreover, CNG is much more fuel efficient in comparison to gasoline. Owing to its clean-characteristics, it increases vehicles longevity and increases the maintenance intervals. Change of engine oil with filter is required to be done after every 3,000 to 4,000 miles for a typical gasoline vehicle, but for the CNG vehicles it extends over 9,000 to 10,000 miles. Technological developments in CNG vehicles which are currently equipped with clean burning fuel systems, CNG enables to save almost half of the gasoline price along with much lower levels of emission thus contributing towards a greener environment. Therefore, these factors of CNG being the cleanest transportation fuel for vehicles with an offering of similar vehicle performance, relatively low product cost and with significantly low carbon emissions compared to other fossil fuels, the industry is expected to develop significantly over the forecast period. Some of the leading industry participants include China Natural Gas Inc., NeoGas Inc, ANGI Energy Systems Inc, GNVert, Trillium CNG, OAO GasProm, J-W Power Company, Mahanagar gas Limited (MNGL), National Iranian Gas Company, and Indraprastha Gas Limited (IGL) Browse Complete Report

  5. Compressed Natural Gas Market Size Request for TOC

  6. Compressed Natural Gas Market Study – Engagement Options Buy Now – Click Here! Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! Regional analysis Segmentation analysis Industry outlook Competitive landscape Speak To Analyst – Click Here! Get your doubts clear Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! Get free sample pages Understand report structure Unmask data for validation

  7. About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

  8. Thank You! Contact Us : Polaris Market Research30 Wall Street8th Floor, New York City, NY 10005,United States E mail Id: sales@polarismarketresearch.com Phone: +1-646-568-9980

More Related