Compressed Natural Gas (CNG) 2020 Global Market Net Worth US$ 218.18 billion Forecast By 2026
WiseGuyReports.com Publish A New Market Research Report on –“ Compressed Natural Gas (CNG) 2020 Global Market Net Worth US$ 218.18 billion Forecast By 2026”.
Pune, India – June 4, 2020 /MarketersMedia/ —
Compressed Natural Gas (CNG) Market 2020
Summary: –
The global CNG market is anticipated to reach USD 218.18 billion by 2026.
CNG has been gaining importance as clean fuel in traditional internal combustion gasoline engines. CNG fueled vehicles are increasingly being used in Asia-Pacific region, Europe, Latin America, and North America owing to the increasing gasoline prices and as an important initiative to reduce carbon emissions. Higher prices of petrol/diesel compared to CNG and increasing concerns for environmental pollution, CNG has found a prominent space in the league of transportation fuels for all types of vehicles. The initial conversion cost to CNG is a barrier for the users as a transportation fuel. However, the public transportation vehicles have been the early adopters of the product, as it is easy to amortize the money invested at a faster rate in the new fuel type. Apart from these, the number of CNG vehicles worldwide has grown annually at 30% for the past five years.
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Major Key Players of Compressed Natural Gas (CNG) Industry:
Some of the leading industry participants 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, and Indraprastha Gas Limited (IGL).
The Compressed Natural Gas (CNG) market report takes a deeper look into the industry and unearths various insights and trends. It begins with the definition of the product in conjunction with its advantages and disadvantages and its rise globally. The segments and sub-segments are sized accordingly to their demand and their growth measured as per domestic and international policies. They are gauged as per the overall market valuation. Major regions are globally taken into consideration to outline the prospect of the market in these areas and their potential from 2020-2026 period. Key market participants are profiled and their case studies outlined for better understanding of strategies.
Market Dynamics
The Compressed Natural Gas (CNG) market touches on various factors with the impact of macro and micro economic policies and challenges. The market value and demand are sized as per the ups and downs of the industry and the various dynamics surrounding it. The growth drivers are outlined and explained in a well-defined manner. Recent launch of products, supportive policies, research studies, and exhibitions and events are included to the factors to substantiate the evidence of growth. The challenges are highlighted with alternative measures suggested to handle unprecedented events or circumstances. Opportunities are gauged with respect to consumer demand, abundance of raw materials, and new latent potential in niche markets. Special attention is paid to the regulatory framework and the efforts made by nations and their acceptance of foreign direct investment.
Segmentation
The Compressed Natural Gas (CNG) market report is segmented into numerous sub-segments with their valuation and growth rates sized according to drivers and restraints. These segments and their scope are measured as per the consumer demand. Market trends are considered and explored in full detail with investment advice given on a customized basis.
Research Methodology
The Compressed Natural Gas (CNG) market report has been completed with the help of Porter’s Five Forces analysis with special focus on drivers, challenges, opportunities, and trends. The report considers two stages of research – primary and secondary. Primary research entails the acquisition of raw data from surveys, events, press releases, and other trusted sources. The numbers, graphs, and tabular data are present to explain the lows and highs of the market. Interviews with C-level executives and heads of corporations are conducted for a top to bottom view of the industry. Secondary research requires the use of data to complement the primary data and verification of the same through government databases and other reputed sources.
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Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. CNG Market Insights
4. CNG Market Size and Forecast by Product Type
5. CNG Market Size and Forecast by Vehicle Type
6. CNG Market Size and Forecast by Regions
7. Company Profiles
Continued…
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