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Extended Expert View: CNG in Europe - Current Trends and Future Prospects
Datamonitor, Dec 2005, Pages: 21
Introduction
The environmental and economic advantages of Compressed Natural Gas (CNG) are well documented. However, utilisation of CNG as a road fuel in Europe remains very modest with only limited penetration into the European car parc. This report examines the existing penetration of CNG as a road fuel in Europe and highlights its future prospects.
Scope
- Insight into the current level of CNG penetration in Europe
- Analysis of the structural and market based factors impacting CNG use
- Broadly based insight into the dynamics within Europes leading CNG markets and an overview of the factors that have promoted growth in these markets
- Insight into how rising gasoline prices have increased the viability of CNG
Highlights
Globally, CNG consumption is heavily concentrated into a small number of markets. Collectively Argentina, Brazil, Pakistan and Italy account for 78% of the worlds CNG powered vehicles
In Europe, other than in Italy, CNG use remains very minimal. France, Germany, Italy, Ireland and Sweden are the main European CNG markets outside of Italy though even here rates of penetration into the overall car parc are minimal and represent only a fraction of the global CNG market
Europe has, or can easily put in place, the factors required to support greater utilisation of CNG. Thus, given sufficient political willingness, the wider spread use of CNG as a road fuel in Europe can be achieved with relative ease
Reasons to Purchase
- Assess the likely future direction of the European CNG market
- Highlight which individual markets are currently leading CNG use in Europe and why
- Gain an understanding of how structural factors impact on the future development of the European CNG market
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M2M Research Series - Europe
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