Compressed Natural Gas Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

The report on the global compressed natural gas market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global compressed natural gas market to grow with a CAGR of 10.5% over the forecast period of 2018-2024. The study on compressed natural gas market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

The report on the compressed natural gas market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global compressed natural gas market over the period of 2016 to 2024. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global compressed natural gas market over the period of 2016 to 2024. Further, the growth matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Research Methodology

Primary Research

Primary research involves extensive interviews and analysis of the opinions provided by the primary respondents.

The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through:

1. Key Opinion Leaders associated
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Primary research respondents typically include:

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Report Findings

1. Drivers

• Increasing the Use of Natural Gas in the Automotive Industry


• CNG is used in the Traditional Internal Combustion Engines that are designed for Gasoline and Diesel


• Increase in Demand for Hybrid Vehicle and Stringent Regulation

2. Restraints

• Lack of Infrastructure


• High Installation Cost for Storage

3. Opportunities

• Increasing Research and Development Investment on Dual Fuel Technology

Segment Covered

The global compressed natural gas market is segmented on the basis of source and application.

Global Compressed Natural Gas Market by Source

• Non-Associated Gas


• Associated Gas


• Unconventional Methods

Global Compressed Natural Gas Market by Application

• Light Duty Vehicles


• Medium Duty Vehicles


• Heavy Duty Vehicles

Company Profiles

• J-W Power Company


• Indraprastha Gas Limited


• National Iranian Gas Company


• Trillium CNG


• ANGI Energy Systems Inc.


• Hexagon Composites ASA


• Quantum Fuel Systems Technologies Worldwide Inc.


• GNVert


• Luxfer Group


• Quantum Fuel Systems Technologies Worldwide Inc.

What does this report deliver?

1. Comprehensive analysis of global as well as regional markets of the compressed natural gas market.

2. Complete coverage of all the segments in the compressed natural gas market to analyze the trends, developments in the global market and forecast of market size up to 2024.

3. Comprehensive analysis of the companies operating in the global compressed natural gas market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.