Compressed Natural Gas Market by Source - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4403070
  • Report
  • Region: Global
  • 240 pages
  • Allied Analytics LLP
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Compressed natural gas (CNG) is produced by compressing natural gas to less than one percent of the volume and is stored in cylinders at a pressure of 2025 MPa. CNG is used in internal combustion engine of automobiles modified for gasoline/diesel, which further propel its market growth. Global consumption of CNG is dependent upon the number of CNG powered natural gas vehicles in operation. The global compressed natural gas market was valued at $14,842 million in 2016, and is projected to reach at $36,035 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023.

The demand for CNG as low-cost fuel coupled with growth in energy requirement is expected to drive the market growth. CNG cost is low as compared to other traditional fuels such as gasoline and diesel, however, produces equivalent energy on combustion. Moreover, exploration of shale gas (sedimentary rocks containing amounts of natural gas) in North America and other non-conventional sources of energy particularly in this region has deliberately lowered CNG prices. Furthermore, stringent government regulations on account of environmental concern is expected to have a significant effect on the global CNG market during the forecast period.

Increase in monetary assistance among Asia-Pacific and LAMEA in the form of subsidies and rise in awareness to curb pollution also help promote its use in automobiles. Furthermore, initiatives taken by the governments to convert gasoline-based public transport to CNG is another factor that boosts the market growth. However, installation and costs of CNG storage tanks in automobiles and limited number of CNG filling stations restrain the market growth.

The global compressed natural gas (CNG) market is segmented based on source, end user, and geography. On the basis of source, the market is divided into associated gas, non-associated gas, and unconventional sources. By end user, it is classified into light duty vehicles, medium duty/heavy duty buses, and medium duty/heavy duty trucks. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY MARKET PLAYERS PROFILED in this report include

National Iranian Gas Company
Indraprastha Gas Limited
Trillium CNG
Gazprom
NEOgas Inc.
Trillium CNG
China Natural Gas Inc.
Pakistan State Oil
J-W Power Company
GNVert

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017–2023, which assists to identify the prevailing market opportunities.
Major countries in each region are mapped as per key trends and opportunities of the market and presence of major players.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
Key players of the compressed natural gas market are also listed.
This study evaluates value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant opportunities.

Compressed Natural Gas Market Key Segments:

By Source

Associated Gas
Non-Associated Gas
Unconventional Sources (CNG)

By End User

Light Duty Vehicles
Medium Duty/Heavy Duty Buses
Medium Duty/Heavy Duty Trucks

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Iran
Brazil
Argentina
Rest of LAMEA
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CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Recovering oil prices
3.4.1.2. Subsidy provided by government in emerging countries for CNG
3.4.1.3. Need for energy security in regards to transport fuels
3.4.1.4. Stringent government regulations concerning CO2 emisssions

3.4.2. Restraint

3.4.2.1 High initial capital investment, Limited coverage of refuelling centers

3.4.3. Opportunity

3.4.3.1. Advancements in storage tanks & cylinders

3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL COMPRESSED NATURAL GAS MARKET, BY SOURCE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. ASSOCIATED GAS

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. NON-ASSOCIATED GAS

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. UNCONVENTIONAL SOURCES

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

CHAPTER 5. GLOBAL COMPRESSED NATURAL GAS MARKET, BY END USER

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. LIGHT DUTY VEHICLES

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. MEDIUM DUTY/HEAVY DUTY BUSES

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. MEDIUM DUTY/HEAVY DUTY TRUCKS

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

CHAPTER 6. COMPRESSED NATURAL GAS MARKET, BY GEOGRAPHY

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.2.3. U.S.

6.2.3.1. Market size and forecast, by source
6.2.3.2. Market size and forecast, by end user

6.2.4. Canada

6.2.4.1. Market size and forecast, by source
6.2.4.2. Market size and forecast, by end user

6.2.5. Mexico

6.2.5.1. Market size and forecast, by source
6.2.5.2. Market size and forecast, by end user

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.3.3. UK

6.3.3.1. Market size and forecast, by source
6.3.3.2. Market size and forecast, by end user

6.3.4. Germany

6.3.4.1. Market size and forecast, by source
6.3.4.2. Market size and forecast, by end user

6.3.5. France

6.3.5.1. Market size and forecast, by source
6.3.5.2. Market size and forecast, by end user

6.3.6. Italy

6.3.6.1. Market size and forecast, by source
6.3.6.2. Market size and forecast, by end user

6.3.7. Spain

6.3.7.1. Market size and forecast, by source
6.3.7.2. Market size and forecast, by end user

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast, by source
6.3.8.2. Market size and forecast, by end user

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.4.3. China

6.4.3.1. Market size and forecast, by source
6.4.3.2. Market size and forecast, by end user

6.4.4. Japan

6.4.4.1. Market size and forecast, by source
6.4.4.2. Market size and forecast, by end user

6.4.5. India

6.4.5.1. Market size and forecast, by source
6.4.5.2. Market size and forecast, by end user

6.4.6. Pakistan

6.4.6.1. Market size and forecast, by source
6.4.6.2. Market size and forecast, by end user

6.4.7. Rest of Asia-Pacific

6.4.7.1. Market size and forecast, by source
6.4.7.2. Market size and forecast, by end user

6.5. LAMEA

6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Iran

6.5.3.1. Market size and forecast, by source
6.5.3.2. Market size and forecast, by end user

6.5.4. Brazil

6.5.4.1. Market size and forecast, by source
6.5.4.2. Market size and forecast, by end user

6.5.5. Argentina

6.5.5.1. Market size and forecast, by source
6.5.5.2. Market size and forecast, by end user

6.5.6. Rest of LAMEA

6.5.6.1. Market size and forecast, by source
6.5.6.2. Market size and forecast, by end user

CHAPTER 7. COMPANY PROFILES

7.1. CHINA NATURAL GAS INC.

7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments

7.2. GAZPROM

7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments

7.3. GNVERT

7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments

7.4. INDRAPRASTHA GAS LIMITED

7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments

7.5. J-W POWER COMPANY

7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments

7.6. NATIONAL IRANIAN GAS COMPANY

7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments

7.7. NEOGAS INC.

7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments

7.8. PAKISTAN STATE OIL

7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments

7.9. TRILLIUM CNG

7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments

7.10. ROYAL DUTCH SHELL

7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
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