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compressed-natural-gas-cng-market

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

Published: Apr 2018
Pages: 100
Format: PDF
Report ID: PM1256
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Report Summary

The worldwide Compressed Natural Gas (CNG) market is anticipated to grow at a CAGR of 11.9% between 2018 and 2026. Growing importance of CNG as a vehicular fuel in several regional markets is the main factor to drive industry growth over the forecast period. CNG use has been increasing rapidly owing to the benefits it offers economically and environmentally. As it is a considered as one of the cleanest transportation fuel, several government initiatives and schemes have been formulated for further increasing its use. This has actually enhanced the air quality. In April 2016, several countries agreed to sign in the Paris agreement to which the 21st conference (COP 21) preceded at the end of 2015 to the United Nations Framework Convention on Climate Change. Paris Protocol has already been appended by one seventy five nations, including China, Great Britain, the USA, Russia, France, etc., which confirmed the significance of environmental issues and climate change around the world.

There are many properties of CNG that makes it a better alternative for IC engines. It diffuses quickly in air and fuel mix in low inlet temperatures compared to diesel or petrol, CNGs higher ignition temperature lead to reduced delay in auto ignition, higher octane number, maintenance cost is compatibly lower and the most important is the lower emission of carbon dioxide compared to other fossil fuels. These advantages have been the crucial factors in driving the overall Compressed Natural Gas (CNG) market over the past five to six years. Implementation of CNG fueled engines especially in public transport vehicles in many countries have been the major step towards a low carbon dioxide emission strategy for a greener environment. The increasing focus on production of natural gas compared to crude oil and recent discoveries of shale gas reserves are some of aspects for greater availability scenarios for CNG as transportation fuel along with other gas fuels. Supporting government regulations along with slowly developing infrastructure for CNG availability as transportation fuel will create greater demand globally for the Compressed Natural Gas (CNG) market in the coming years.

North America Compressed Natural Gas (CNG) Market Share By Product Type, 2017-2026

North America Compressed Natural Gas (CNG) Market Share By Product Type, 2017-2026

Inside circle shows data for 2017 & outside circle shows data for 2026

Segment Analysis

The global Compressed Natural Gas (CNG) market is segmented based on type of its source and application segments. Source type is further bifurcated into associated gas, non associated gas and unconventional gas. The application segments are further segmented into light passenger vehicles, medium/heavy duty vehicles and three wheeler vehicles. Compressed Natural Gas (CNG) production of non-associated reserves is expected to be the leading source segment by 2026. Exploration of unconventional reserves has increased in the recent past owing to sustainable development of the globally increasing energy needs. Hence, this segment is projected to be a potential source for CNG processing in the near future. Associated gas been already satisfying greatly to the present demand for CNG and is expected to experience moderate growth over the forecast period.

Medium/Heavy Duty Vehicles segment in the Compressed Natural Gas (CNG) market that include the big engine trucks and busses was the largest end use segment in 2017. Public transport heavy and medium duty vehicles run with CNG as transportation fuels in almost every developed and developing nation globally. This has been made mandatory by the governments in most of the countries as a step towards contributing towards a clean atmosphere which helps in minimum release of CO2 compared to ignition of other fissile fuels. Passenger cars and other three wheeler vehicles using CNG has been increasing yearly from 2014; however the volume of CNG consumed compared to the heavy duty vehicles is significantly less. Rising demand for cleaner fuels and development of new CNG engines which offer similar efficiency as petrol/diesel ones are expected to be some of the reasons to drive product demand in these vehicle segments. 

SAMPLE TABLE
North America Transcritical Compressed Natural Gas (CNG) Market, By Application, 2017 - 2026 
(USD Million)

North America Transcritical Compressed Natural Gas (CNG) Market, By Application, 2017 - 2026 (USD Million)

Regional Analysis

Asia Pacific was the leading region for the Compressed Natural Gas (CNG) market in 2017. Pakistan, India, China and Thailand are the leading CNG vehicles market in the region with Pakistan and India ranked among the top five nations worldwide. Product demand in Pakistan is expected to increase further despite deregulations in the market and the parallel rise in diesel/petrol prices.  Public transport and commercial use vehicles in many cities in India use CNG as a mandatory fuel, which has significantly helped in reducing the carbon footprint. China, Singapore, Thailand and even Malaysia are yet another potential markets for CNG consumption with stringent regulations for it use as a mandate for transportation fuel.

Competitive Analysis

Some of the leading industry participants in the Compressed Natural Gas (CNG) market 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).

Key questions answered by the report

  • What is the current size and forecasts of CNG Market
  • What is the opportunity in CNG Market
  • How big is the size of end-use in CNG Market
  • How much is the estimated size of CNG Market in Asia Pacific during the forecast period
  • What are the companies in the CNG market and how are they classified
  • What are the available opportunities and who are the top market players in this space

 

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-away
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. CNG Market Insights
    1. CNG– Industry snapshot
    2. CNG -Ecosystem analysis
    3. CNG market dynamics
      1. CNG– Market Forces
        1. CNG Market driver analysis
        2. CNG Market restraint/challenges analysis
        3. CNG Market opportunity analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. CNG market PEST analysis, 2017
      4. CNG market Value Chain analysis
      5. CNG Industry trends
      6. Competitive Ranking Analysis
  4. CNG Market Size and Forecast by Product Type
    1. Key Findings
    2. Associated gas
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Non Associated Gas
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Unconventional Gas
      1. Global Market Estimates and Forecasts, 2017-2026
  5. CNG Market Size and Forecast by Vehicle Type
    1. Key Findings
    2. Light Passenger Vehicles
      1. Global Market Estimates and Forecasts, 2017-2026
    3. Medium/Heavy Duty Vehicles
      1. Global Market Estimates and Forecasts, 2017-2026
    4. Three Wheeler Vehicles
      1. Global Market Estimates and Forecasts, 2017-2026
  6. CNG Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. CNG market by product type, 2017 - 2026
      2. CNG market by application type, 2017 - 2026
      3. U.S.
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      4. Canada
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
    3. Europe
      1. CNG market by product type, 2017 - 2026
      2. CNG market by application type, 2017 - 2026
      3. Germany
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      4. UK
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      5. France
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
    4. Asia Pacific
      1. CNG market by product type, 2017 - 2026
      2. CNG market by application type, 2017 - 2026
      3. China
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      4. India
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      5. Pakistan
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
    5. Latin America
      1. CNG market by product type, 2017 - 2026
      2. CNG market by application type, 2017 - 2026
      3. Brazil
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
      4. Mexico
        1. CNG market by product type, 2017 - 2026
        2. CNG market by application type, 2017 - 2026
    6. Middle East & Africa
      1. CNG market by product type, 2017 - 2026
      2. CNG market by application type, 2017 - 2026
  7. Company Profiles
    1. Total SA
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. StatOil
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Royal Dutch Shell plc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Reliance Industries Ltd. (RIL)
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Gazprom
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. ExxonMobil
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Eni S.p.A
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. ConocoPhillips
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Sinopec
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Chevron
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

 

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for product type up to 2026
  • Market revenue estimates for application up to 2026
  • Regional market size and forecast for product segments up to 2026
  • Regional market size and forecast for application segments up to 2026
  • Company financials

 

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