Product Code: A01874
The global compressed natural gas market was valued at $9.9 billion in 2020, and is projected to reach $22.3 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.
The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles, owing to its properties , including low-cost and eco-friendly nature. Many nations across the globe started using CNG in power production, owing to rise in environmental concerns, including climatic changes and depleting ozone layer. CNG provides effective way for transportation of shorter distance. It is widely used as an alternative for gasoline, diesel, and propane.
Rise in demand for CNG as vehicle fuel across the globe is a key factor driving the growth of the global CNG market during the forecast period. In addition, rise in awareness toward environmental pollution and increase in stringent government regulations toward pollution drive the growth of the global CNG market from 2021 to 2030. However, high cost associated with initial investment, storage infrastructure & tanks, and installation hamper the growth of the market. Conversely, technological advancements in CNG storage technologies and rapid investment toward building CNG infrastructure are expected to create potential growth opportunity for key players operating in this market.
The global CNG market is segmented on the basis of source, end user, and region. Depending on source, it is categorized into associated gas, non-associated gas, and unconventional sources. According to end user, it is classified into light duty vehicles, medium/heavy duty buses, medium/heavy duty trucks, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
- A comprehensive analysis of the factors that drive and restrict the growth of the global CNG market is provided.
- Porter's five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the global CNG market growth, in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
Key Market Segments
By Source
- Associated Gas
- Non Associated Gas
- Unconventional Sources
By End User
- Light Duty Vehicles
- Medium Or Heavy Duty Buses
- Medium Or Heavy Duty Trucks
By Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Pakistan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Iran
- Africa
- Argentina
- Rest of LAMEA
- Key Market Players
- Chevron Corporation
- Royal Dutch Shell Plc
- JW Power Company
- Indraprastha Gas Limited
- Eni
- Trillium Energy
- Total Energies
- Occidental Petroleum Corporation
- Phillips 66 Company
- EOG Resources, Inc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Value Chain Analysis
- 3.8.Key Regulation Analysis
- 3.9.Patent Landscape
CHAPTER 4: COMPRESSED NATURAL GAS MARKET, BY SOURCE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Associated Gas
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Non Associated Gas
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Unconventional Sources
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
CHAPTER 5: COMPRESSED NATURAL GAS MARKET, BY END USER
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Light Duty Vehicles
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Medium Or Heavy Duty Buses
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Medium Or Heavy Duty Trucks
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: COMPRESSED NATURAL GAS MARKET, BY REGION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Source
- 6.2.3 North America Market size and forecast, by End User
- 6.2.4 North America Market size and forecast, by country
- 6.2.4.1 U.S.
- 6.2.4.1.1 Market size and forecast, by Source
- 6.2.4.1.2 Market size and forecast, by End User
- 6.2.4.2 Canada
- 6.2.4.2.1 Market size and forecast, by Source
- 6.2.4.2.2 Market size and forecast, by End User
- 6.2.4.3 Mexico
- 6.2.4.3.1 Market size and forecast, by Source
- 6.2.4.3.2 Market size and forecast, by End User
- 6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Source
- 6.3.3 Europe Market size and forecast, by End User
- 6.3.4 Europe Market size and forecast, by country
- 6.3.4.1 Germany
- 6.3.4.1.1 Market size and forecast, by Source
- 6.3.4.1.2 Market size and forecast, by End User
- 6.3.4.2 France
- 6.3.4.2.1 Market size and forecast, by Source
- 6.3.4.2.2 Market size and forecast, by End User
- 6.3.4.3 U.K.
- 6.3.4.3.1 Market size and forecast, by Source
- 6.3.4.3.2 Market size and forecast, by End User
- 6.3.4.4 Italy
- 6.3.4.4.1 Market size and forecast, by Source
- 6.3.4.4.2 Market size and forecast, by End User
- 6.3.4.5 Spain
- 6.3.4.5.1 Market size and forecast, by Source
- 6.3.4.5.2 Market size and forecast, by End User
- 6.3.4.6 Rest of Europe
- 6.3.4.6.1 Market size and forecast, by Source
- 6.3.4.6.2 Market size and forecast, by End User
- 6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Source
- 6.4.3 Asia-Pacific Market size and forecast, by End User
- 6.4.4 Asia-Pacific Market size and forecast, by country
- 6.4.4.1 China
- 6.4.4.1.1 Market size and forecast, by Source
- 6.4.4.1.2 Market size and forecast, by End User
- 6.4.4.2 Japan
- 6.4.4.2.1 Market size and forecast, by Source
- 6.4.4.2.2 Market size and forecast, by End User
- 6.4.4.3 India
- 6.4.4.3.1 Market size and forecast, by Source
- 6.4.4.3.2 Market size and forecast, by End User
- 6.4.4.4 Pakistan
- 6.4.4.4.1 Market size and forecast, by Source
- 6.4.4.4.2 Market size and forecast, by End User
- 6.4.4.5 South Korea
- 6.4.4.5.1 Market size and forecast, by Source
- 6.4.4.5.2 Market size and forecast, by End User
- 6.4.4.6 Rest of Asia-Pacific
- 6.4.4.6.1 Market size and forecast, by Source
- 6.4.4.6.2 Market size and forecast, by End User
- 6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Source
- 6.5.3 LAMEA Market size and forecast, by End User
- 6.5.4 LAMEA Market size and forecast, by country
- 6.5.4.1 Brazil
- 6.5.4.1.1 Market size and forecast, by Source
- 6.5.4.1.2 Market size and forecast, by End User
- 6.5.4.2 Iran
- 6.5.4.2.1 Market size and forecast, by Source
- 6.5.4.2.2 Market size and forecast, by End User
- 6.5.4.3 Africa
- 6.5.4.3.1 Market size and forecast, by Source
- 6.5.4.3.2 Market size and forecast, by End User
- 6.5.4.4 Argentina
- 6.5.4.4.1 Market size and forecast, by Source
- 6.5.4.4.2 Market size and forecast, by End User
- 6.5.4.5 Rest of LAMEA
- 6.5.4.5.1 Market size and forecast, by Source
- 6.5.4.5.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Key developments
CHAPTER 8: COMPANY PROFILES
- 8.1 Chevron Corporation
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
- 8.2 Royal Dutch Shell Plc
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
- 8.3 JW Power Company
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
- 8.4 Indraprastha Gas Limited
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
- 8.5 Eni
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
- 8.6 Trillium Energy
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
- 8.7 Total Energies
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
- 8.8 Occidental Petroleum Corporation
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
- 8.9 Phillips 66 Company
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments
- 8.10 EOG Resources, Inc.
- 8.10.1 Company overview
- 8.10.2 Company snapshot
- 8.10.3 Operating business segments
- 8.10.4 Product portfolio
- 8.10.5 Business performance
- 8.10.6 Key strategic moves and developments