The report highlights the increasing adoption of eco-friendly fuel called CNG in automobiles to reduce carbon emissions in the environment. Consegic Business Intelligence provides an inclusive research report on the compressed natural gas market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
The report analyses significant segments such as source, end-user, and region, to identify emerging trends and potential opportunities. The source segment is expected to grow due to the increasing adoption of non-associated gas for the production of Compressed Natural Gas (CNG) to power light and heavy duty vehicles. Moreover, the deployment of unconventional sources for cost-effective and eco-friendly production of CNG using hydraulic fracturing technique is expected to drive the market growth during the forecast period.Get Free Sample
|Report Attributes||Report Details|
|By Source||Associated Gas, Non-Associated Gas, and Unconventional Sources|
|By End-User||Light Duty vehicles, Medium/Heavy Duty Trucks, Medium/Heavy Duty Buses, and Others|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The Global Compressed Natural Gas (CNG) Market is highly competitive due to the presence of major players such as Cabot Oil & Gas Corporation, Indraprastha Gas Limited, ConocoPhillips Company, ENGIE Group, Exxon Mobil Corporation, Chevron Corporation, J-W Power Company operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Compressed Natural Gas (CNG) Market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.