Compressed Natural Gas (CNG) Market Growth Analysis | Chevron Corp., CNG Fuels Ltd., E.ON SE are among key contributors
Competitive Benchmarking and Vendor Forecasts for 2021-2025
Compressed natural gas (CNG) market is set to post an incremental growth of $ 6.92 bn, accelerating at a CAGR of 6.20% during the forecast period. The market is fragmented. Chevron Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Gazprom, Gujarat Gas Ltd., Indraprastha Gas Ltd., Royal Dutch Shell Plc, TotalEnergies SE, and Trillium Transportation Fuels LLC. are some of the major participants in the market.
This research report provides a detailed analysis of all the key players tracking recent and historic developments with respect to their market share and product portfolio. We also provide a pipeline analysis of upcoming developments and future growth opportunities. The growth of the vendors depends on several factors such as market conditions, government support, and industry development.
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Compressed Natural Gas (CNG) Market: Market Highlights
- The Compressed natural gas (CNG) market is segmented by Application (LDV, MDV, and HDV) and Geography (APAC, MEA, South America, Europe, and North America).
- APAC led the market with 44% of the market growth set to originate from this region during the forecast period.
- Increase in the number of CNG vehicles is one of the primary factors driving the growth of the compressed natural gas (CNG) market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For more insights on this market: Download a Free Sample Report
Key Focus Areas in Our Reports:
- Market segments
- Comparison by Product
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- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Chevron Corp.
- CNG Fuels Ltd.
- E.ON SE
- ENGIE SA
- Gazprom
- Gujarat Gas Ltd.
- Indraprastha Gas Ltd.
- Royal Dutch Shell Plc
- TotalEnergies SE
- Trillium Transportation Fuels LLC.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 6.20%.
- What is the incremental growth of the market?
The market is expected to grow by $ 6.92 bn through 2021-2025.
- What is a key factor driving this market?
Increase in the number of CNG vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, MEA, South America, Europe, and North America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
44% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Chevron Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Gazprom, Gujarat Gas Ltd., Indraprastha Gas Ltd., Royal Dutch Shell Plc, TotalEnergies SE, and Trillium Transportation Fuels LLC.
- What are the market segments covered in this report?
The market is segmented by Application (LDV, MDV, and HDV) and Geography (APAC, MEA, South America, Europe, and North America)
