Global Compressed Natural Gas (CNG) Market 2019-2023 with BP, Chevron, ExxonMobil, Gazprom, NIOPDC, and Royal Dutch Shell Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 7, 2019--The “Global Compressed Natural Gas (CNG) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The compressed natural gas market will register a CAGR of about 6% by 2023.
Increasing government support for the development of CNG infrastructure is expected to drive growth in the market. With the need for decarbonizing the transportation sector, CNG is being popularly adopted as a transportation fuel across the world.
Increase in number of CNG vehicles
CNG for automobiles has proved to be an eco-friendly technology, thereby providing better air quality and sustainability. This makes CNG vehicles ideal for the urban environment.
Fluctuation in oil and gas prices
Diesel and gasoline can substitute natural gas as the transportation fuel, the consistently decreasing prices of diesel and gasoline make it less attractive for the end-users to switch to alternate fuels such as CNG.
The market appears to be fragmented and with the presence of several companies including NIOPDC and Royal Dutch Shell, the competitive environment is quite intense. Factors such as the increase in number of CNG vehicles and the increasing government support for the development of CNG infrastructure, will provide considerable growth opportunities to compressed natural gas manufactures.
BP, Chevron, ExxonMobil, Gazprom, NIOPDC, and Royal Dutch Shell are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATIONComparison by application LDV M&HDV Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison Key leading countries Market opportunity
PART 09: DRIVERS AND CHALLENGESMarket drivers Market challenges
PART 10: MARKET TRENDSIncrease in supply of natural gas Increasing government support for the development of CNG infrastructure Technological advances in the CNG market
PART 11: VENDOR LANDSCAPEOverview Landscape disruption
PART 12: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors BP Chevron ExxonMobil Gazprom NIOPDC Royal Dutch Shell
PART 13: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/kbnsl3/global_compressed?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005522/en/
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Related Topics:Natural Gas
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/07/2019 06:19 AM/DISC: 01/07/2019 06:19 AM