PUBLISHER: QYResearch | PRODUCT CODE: 1052879
PUBLISHER: QYResearch | PRODUCT CODE: 1052879
Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline , diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. Biomethane - cleaned up biogas from anaerobic digestion or landfills - can be used.
Market Analysis and Insights: Global Compressed Natural Gas Market
Due to the COVID-19 pandemic, the global Compressed Natural Gas market size is estimated to be worth US$ 43840 million in 2022 and is forecast to a readjusted size of US$ 61490 million by 2028 with a CAGR of 5.8% during the review period. Fully considering the economic change by this health crisis, Associated Gas accounting for % of the Compressed Natural Gas global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Light Duty Vehicles segment is altered to an % CAGR throughout this forecast period.
In recent years, the share of natural gas in the global energy mix has drastically increased. The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles due to affordability and eco-friendliness. With the rise in the environmental issues such as climatic changes and depleting ozone layer many nations across the globe have started using CNG in power production.
In terms of production side, this report researches the Compressed Natural Gas capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Compressed Natural Gas by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Compressed Natural Gas Scope and Segment
Compressed Natural Gas market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Compressed Natural Gas market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Segment by Application
By Company
Production by Region
Consumption by Region