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Compressed Natural Gas Market Share, Size, Trends, Industry Analysis Report by Type; By Application; By Regions, Segment Forecast, 2020-2027

  • ID: 5261962
  • Report
  • December 2020
  • Region: Global
  • 84 pages
  • Polaris Market Research

FEATURED COMPANIES

  • Anadarko Petroleum
  • Chevron
  • ConocoPhillips
  • ExxonMobil
  • Halliburton
  • Marathon Petroleum
The global compressed natural gas (CNG) market size is expected to reach USD 269.7 billion By 2027, according to the study.

The report “Compressed Natural Gas (CNG) Market Share, Size, Trends, Industry Analysis Report by Type (Associated, Non-Associated, Unconventional), By Application (Light Passenger Vehicles, Medium/Heavy Duty Vehicles, Three-Wheeler Vehicles), By Regions, Segments & Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There are several properties of Compressed Natural Gas (CNG) that makes it a better alternative for IC engines. It diffuses quickly in air, its higher ignition temperature leads to reduced delay in auto ignition, has comparatively high-octane number, maintenance cost is comparatively lower and the most important is the lower emission of carbon dioxide compared to other fossil fuels. These advantages have been crucial in driving the overall compressed natural gas market over the past five to six years. Implementation of compressed natural gas fueled engines especially in public transport vehicles in many countries have greatly benefitted the overall industry growth.

The increasing focus on production of Compressed Natural Gas (CNG) compared to crude oil and recent discoveries of shale reserves are some of the aspects that have resulted in greater availability scenarios for compressed natural gas as transportation fuel along with other 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 market in the coming years.

Global CNG market growth has been greatly prompted by security of supply prompted due to discovery of abundant reserves. Supply of CNG is becoming more and more diverse across the globe along with becoming increasingly flexible. In addition, for those countries that are adding import capabilities of the product, the move is providing greater flexibility for complementing the overall imports and domestic production. Such developments have resulted in increased import activities particularly in regions such as Asia and in some parts of Europe, thus complementing the overall CNG market growth.

These imports are effectively offsetting the declining compressed gas production in Europe and catering to rising demand in Asia, where consumption is growing faster than production. Moreover, governments in the region are taking concentrated efforts to improve the overall flexibility of commercial contracting mechanisms, as well as removal of bottlenecks arising due to relatively slow investments in pipelines. All such trends are benefitting the market growth.

Some of the leading industry participants in the industry 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, Indraprastha Gas Limited (IGL), ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Occidental Petroleum, Phillips 66, Valero Energy, Halliburton, Anadarko Petroleum, and Marathon Petroleum.

The analyst has segmented the Compressed Natural Gas (CNG) market report on the basis of type, application, and region.

Compressed Natural Gas (CNG) Type Outlook (Volume-Billion Cubic Meter, Revenue-USD Billion, 2016-2027)
  • Non-associated
  • Associated
  • Unconventional methods
Compressed Natural Gas (CNG) Application Outlook (Volume-Billion Cubic Meter, Revenue-USD Billion, 2016-2027)
  • Light passenger vehicle
  • Medium/heavy duty vehicles
  • Others
Compressed Natural Gas (CNG) Regional Outlook (Volume-Billion Cubic Meter, Revenue-USD Billion, 2016-2027)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Middle East & Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Anadarko Petroleum
  • Chevron
  • ConocoPhillips
  • ExxonMobil
  • Halliburton
  • Marathon Petroleum
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. CNG Market Insights
4.1. CNG - Industry snapshot
4.2. CNG - Value Chain
4.3. CNG Market Dynamics
4.3.1. Drivers and Opportunities
4.3.1.1. Cost Competitiveness
4.3.1.2. Supply Security
4.3.1.3. Sustainability
4.3.1.4. Inherent Advantages
4.3.1.4.1. Clean nature of Natural Gas Vehicles (NGV)
4.3.1.4.2. Reduction in Greenhouse Gas Emissions
4.3.1.4.3. Reduction in Noise and Odor
4.3.1.4.4. Low Contamination Risk
4.3.1.4.5. High Performance
4.3.1.4.6. Secure Supply
4.3.2. Restraints and Challenges
4.3.2.1. Inherent Disadvantages
4.3.2.1.1. Comparatively High Purchasing Cost
4.3.2.1.2. Limited Availability
4.3.2.1.3. Reduced Storage Space
4.3.2.1.4. Issues related to Engine Injection
4.3.2.1.5. Less Fuel Range
4.3.2.2. Factors Restraining Entry into E&P development zones
4.3.2.3. Constraint areas in North America
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers (Moderate)
4.4.2. Threats of New Entrants: (Low)
4.4.3. Bargaining Power of Buyers (Moderate)
4.4.4. Threat of Substitute (Moderate)
4.4.5. Rivalry among existing firms (High)
4.5. PEST Analysis
4.6. CNG Market Industry trends - Covid Impact and Post-Pandemic Recovery

5. CNG Market Assessment by Type
5.1. Introduction
5.1.1. Global CNG Market, By Type, 2016-2027 (Billion cubic meters)
5.1.2. Global CNG Market, By Type, 2016-2027 (USD Billion)
5.2. Non-associated gas
5.2.1. Global CNG Market, by Non-associated gas, by Region, 2016-2027 (Billion cubic meters)
5.2.2. Global CNG Market, by Non-Associated gas, by Region, 2016-2027 (USD Billion)
5.3. Associated Gas
5.3.1. Global CNG Market, by Associated Gas, by Region, 2016-2027 (Billion cubic meters)
5.3.2. Global CNG Market, by Associated Gas, by Region, 2016-2027 (USD Billion)
5.4. Unconventional Methods
5.4.1. Global CNG Market, by Unconventional Methods, by Region, 2016-2027 (Billion cubic meters)
5.4.2. Global CNG Market, by Unconventional Methods, by Region, 2016-2027 (USD Billion)

6. Global CNG Market, by Application
6.1. Introduction
6.1.1. Global CNG Market, By Application, 2016-2027 (Billion cubic meters)
6.1.2. Global CNG Market, By Application, 2016-2027 (USD Billion)
6.2. Light Passenger Vehicles
6.2.1. Global CNG Market, by Light Passenger Vehicles, by Region, 2016-2027 (Billion cubic meters)
6.2.2. Global CNG Market, by Light Passenger Vehicles, by Region, 2016-2027 (USD Billion)
6.3. Medium/Heavy Duty Vehicles
6.3.1. Global CNG Market, by Medium/Heavy Duty Vehicles, by Region, 2016-2027 (Billion cubic meters)
6.3.2. Global CNG Market, by Medium/Heavy Duty Vehicles, by Region, 2016-2027 (USD Billion)
6.4. Other Applications
6.4.1. Global CNG Market, by Other Applications, by Region, 2016-2027 (Billion cubic meters)
6.4.2. Global CNG Market, by Other Applications, by Region, 2016-2027 (USD Billion)

7. CNG Market Assessment by Geography
7.1. Introduction
7.1.1. CNG Market Assessment, By Geography, 2016-2027 (Billion cubic meters)
7.1.2. CNG Market Assessment, By Geography, 2016-2027 (USD Billion)
7.2. CNG Market - North America
7.2.1. North America CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.2.2. North America CNG Market, By Type, 2016-2027 (USD Billion)
7.2.3. North America: CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.2.4. North America: CNG Market, By Application, 2016-2027 (USD Billion)
7.2.5. CNG Market - U.S.
7.2.5.1. U.S. CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.2.5.2. U.S. CNG Market, By Type, 2016-2027 (USD Billion)
7.2.5.3. U.S. CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.2.5.4. U.S. CNG Market, By Application, 2016-2027 (USD Billion)
7.2.6. CNG Market - Canada
7.2.6.1. Canada CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.2.6.2. Canada CNG Market, By Type, 2016-2027 (USD Billion)
7.2.6.3. Canada CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.2.6.4. Canada CNG Market, By Application, 2016-2027 (USD Billion)
7.2.7. CNG Market - Mexico
7.2.7.1. Mexico CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.2.7.2. Mexico CNG Market, By Type, 2016-2027 (USD Billion)
7.2.7.3. Mexico CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.2.7.4. Mexico CNG Market, By Application, 2016-2027 (USD Billion)
7.3. CNG Market - Europe
7.3.1. Europe CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.3.2. Europe CNG Market, By Type, 2016-2027 (USD Billion)
7.3.3. Europe CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.3.4. Europe CNG Market, By Application, 2016-2027 (USD Billion)
7.3.5. CNG Market - Germany
7.3.5.1. Germany CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.3.5.2. Germany CNG Market, By Type, 2016-2027 (USD Billion)
7.3.5.3. Germany CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.3.5.4. Germany CNG Market, By Application, 2016-2027 (USD Billion)
7.3.6. CNG Market - UK
7.3.6.1. UK CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.3.6.2. UK CNG Market, By Type, 2016-2027 (USD Billion)
7.3.6.3. UK CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.3.6.4. UK CNG Market, By Application, 2016-2027 (USD Billion)
7.3.7. CNG Market - France
7.3.7.1. France CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.3.7.2. France CNG Market, By Type, 2016-2027 (USD Billion)
7.3.7.3. France CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.3.7.4. France CNG Market, By Application, 2016-2027 (USD Billion)
7.3.8. CNG Market - Italy
7.3.8.1. Italy CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.3.8.2. Italy CNG Market, By Type, 2016-2027 (USD Billion)
7.3.8.3. Italy CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.3.8.4. Italy CNG Market, By Application, 2016-2027 (USD Billion)
7.4. CNG Market - Asia Pacific
7.4.1. Asia Pacific CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.4.2. Asia Pacific CNG Market, By Type, 2016-2027 (USD Billion)
7.4.3. Asia Pacific CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.4.4. Asia Pacific CNG Market, By Application, 2016-2027 (USD Billion)
7.4.5. CNG Market - China
7.4.5.1. China CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.4.5.2. China CNG Market, By Type, 2016-2027 (USD Billion)
7.4.5.3. China CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.4.5.4. China CNG Market, By Application, 2016-2027 (USD Billion)
7.4.6. CNG Market - India
7.4.6.1. India CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.4.6.2. India CNG Market, By Type, 2016-2027 (USD Billion)
7.4.6.3. India CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.4.6.4. India CNG Market, By Application, 2016-2027 (USD Billion)
7.4.7. CNG Market - Japan
7.4.7.1. Japan CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.4.7.2. Japan CNG Market, By Type, 2016-2027 (USD Billion)
7.4.7.3. Japan CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.4.7.4. Japan CNG Market, By Application, 2016-2027 (USD Billion)
7.5. CNG Market - Latin America
7.5.1. Latin America CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.5.2. Latin America CNG Market, By Type, 2016-2027 (USD Billion)
7.5.3. Latin America CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.5.4. Latin America CNG Market, By Application, 2016-2027 (USD Billion)
7.5.5. CNG Market - Brazil
7.5.5.1. Brazil CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.5.5.2. Brazil CNG Market, By Type, 2016-2027 (USD Billion)
7.5.5.3. Brazil CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.5.5.4. Brazil CNG Market, By Application, 2016-2027 (USD Billion)
7.6. CNG Market - Middle East & Africa
7.6.1. Middle East & Africa CNG Market, By Type, 2016-2027 (Billion cubic meters)
7.6.2. Middle East & Africa CNG Market, By Type, 2016-2027 (USD Billion)
7.6.3. Middle East & Africa CNG Market, By Application, 2016-2027 (Billion cubic meters)
7.6.4. Middle East & Africa CNG Market, By Application, 2016-2027 (USD Billion)

8. Competitive Landscape
8.1. Partnerships. Collaborations and Signing New Agreements are the Best Adopted Strategy by the Companies
8.2. Expansion & New Technology
8.3. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. ExxonMobil
9.1.1. Business Overview
9.1.2. Financial Snapshot
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. Chevron
9.2.1. Business Overview
9.2.2. Financial Snapshot
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. ConocoPhillips
9.3.1. Business Overview
9.3.2. Financial Snapshot
9.3.3. Products and Services
9.3.4. Recent Developments
9.4. EOG Resources
9.4.1. Business Overview
9.4.2. Financial Snapshot
9.4.3. Products and Services
9.4.4. Recent Developments
9.5. Occidental Petroleum
9.5.1. Business Overview
9.5.2. Financial Snapshot
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. Phillips 66
9.6.1. Business Overview
9.6.2. Financial Snapshot
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. Valero Energy
9.7.1. Business Overview
9.7.2. Financial Snapshot
9.7.3. Products and Services
9.7.4. Recent Developments
9.8. Halliburton
9.8.1. Business Overview
9.8.2. Financial Snapshot
9.8.3. Products and Services
9.8.4. Recent Developments
9.9. Anadarko Petroleum
9.9.1. Business Overview
9.9.2. Financial Snapshot
9.9.3. Products and Services
9.9.4. Recent Developments
9.10. Marathon Petroleum
9.10.1. Business Overview
9.10.2. Financial Snapshot
9.10.3. Products and Services
9.10.4. Recent Developments
9.11. China Natural Gas Inc.
9.11.1. Business Overview
9.11.2. Financial Snapshot
9.11.3. Products and Services
9.11.4. Recent Developments
9.12. NeoGas Inc
9.12.1. Business Overview
9.12.2. Financial Snapshot
9.12.3. Products and Services
9.12.4. Recent Developments
9.13. ANGI Energy Systems Inc
9.13.1. Business Overview
9.13.2. Financial Snapshot
9.13.3. Products and Services
9.13.4. Recent Developments
9.14. GNVert
9.14.1. Business Overview
9.14.2. Financial Snapshot
9.14.3. Products and Services
9.14.4. Recent Developments
9.15. Trillium CNG
9.15.1. Business Overview
9.15.2. Financial Snapshot
9.15.3. Products and Services
9.15.4. Recent Developments
9.16. OAO GasProm
9.16.1. Business Overview
9.16.2. Financial Snapshot
9.16.3. Products and Services
9.16.4. Recent Developments
9.17. J-W Power Company
9.17.1. Business Overview
9.17.2. Financial Snapshot
9.17.3. Products and Services
9.17.4. Recent Developments
9.18. Mahanagar Gas Limited (MNGL)
9.18.1. Business Overview
9.18.2. Financial Snapshot
9.18.3. Products and Services
9.18.4. Recent Developments
9.19. National Iranian Gas Company
9.19.1. Business Overview
9.19.2. Financial Snapshot
9.19.3. Products and Services
9.19.4. Recent Developments
9.20. Indraprastha Gas Limited (IGL)
9.20.1. Business Overview
9.20.2. Financial Snapshot
9.20.3. Products and Services
9.20.4. Recent Developments
Note: Product cover images may vary from those shown
  • 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
  • Indraprastha Gas Limited (IGL)
  • ExxonMobil
  • Chevron
  • ConocoPhillips
  • EOG Resources
  • Occidental Petroleum
  • Phillips 66
  • Valero Energy
  • Halliburton
  • Anadarko Petroleum
  • Marathon Petroleum
Note: Product cover images may vary from those shown
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