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Global Automotive Natural Gas Vehicle (NGV) Market 2014-2018 & 2025 by Fuel Type (CNG, LNG) & Vehicle Type (Passenger Vehicles, Light Duty & Heavy Duty Vehicles) - ResearchAndMarkets.com

November 14, 2018

DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “Automotive Natural Gas Vehicle (NGV) Market Size, Share & Trends Analysis Report By Fuel Type (CNG, LNG), By Vehicle Type (Passenger Vehicles, Light Duty & Heavy Duty Vehicles), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global automotive NGV market demand is projected to reach 31,000.1 thousand units by 2025, rising at a CAGR of 3.0% during the forecast period.

The transportation sector across the world is adopting natural gas as a fuel for vehicles. Incumbents of the sector have realized that vehicles operating on conventional fuels, such as diesel and gasoline, are causing pollution and emitting greenhouse gases on a large scale. The adoption of advanced technologies in engines is turning out to be of paramount importance in order to reduce emissions. These technologies include use of alternative fuels, such as CNG, LNG, hydrogen, and electricity.

Need for alternative fuel technology in the transportation sector is prompting incumbents to adopt LNG vehicles for their operations. Subsequently, the automotive LNG vehicle segment is likely to witness strong growth in line with rising interest from the transportation sector, especially the trucking sector.

Rising emissions of greenhouse gases and particulate matter (PM) from diesel and gasoline vehicles are causing the air quality all around the globe to deteriorate, thus affecting people’s health. PM and greenhouse gases lead to smog that might cause lung diseases, such as asthma, chronic bronchitis, and emphysema, along with other health issues.

Deteriorating air quality in China is compelling the government to put in place stringent regulations and initiatives aimed at moving toward zero-emissions vehicles. Therefore, the demand for natural gas is rising in the country. According to the U.S. Energy Information Administration (EIA), China emerged as the world’s second-largest importer of LNG as of December 2017, mainly driven by spiraling adoption of LNG by the nation’s trucking industry.

Modern technologies have continuously emerged through dedicated collaborative R&D centers or manufacturers’ independent technology centers; where researchers focus on building optimal solutions for their NGV customers. Governments across the globe are taking initiatives and investing significant resources to improve natural gas technologies.

Further key findings from the report suggest:

Stringent regulations, laid down by governments of various nations, to reduce emissions of greenhouse gases and particulate matter are expected to positively influence market growth over the forecast period Refueling solutions such as home refueling and time-fill refueling prove to be economic along with providing convenience to customers There is an increase in the adoption of natural gas for different applications across various industries owing to stringent government regulations regarding greenhouse gas emissions and environmental protection Asia Pacific dominated the market in 2017 and is anticipated to progress at the highest CAGR over the forecast period Some of the key players in the market are AB Volvo; Cummins, Inc.; Beiqi Foton Motor Co., Ltd.; Navistar, Inc.; PACCAR, Inc.; and Westport Fuel Systems Inc.

Key Topics Covered:

Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources

Chapter 2 Executive Summary 2.1 Automotive NGV - Industry Snapshot & Key Buying Criteria, 2014 - 2025

Chapter 3 Industry Outlook 3.1 Market Segmentation & Scope 3.2 Penetration and Growth Prospect Mapping 3.3 Automotive NGV - Value Chain Analysis 3.4 Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Fuel cost efficiency over petroleum-based fuels 3.4.1.2 Environmental security 3.4.1.3 Increasing government regulations and initiatives 3.4.1.4 Growing applications of natural gas 3.4.2 Market restraint analysis 3.4.2.1 High costs and slow growth of infrastructure 3.4.3 Market challenge analysis 3.4.3.1 Emergence of electric vehicles 3.5 Industry Analysis - Porter’s 3.6 Automotive NGV Market - Company Analysis 3.6.1 Key company analysis, 2017 3.7 Automotive NGV - PEST Analysis 3.8 Automotive NGV: Policies 3.8.1 North America 3.8.2 Europe 3.8.3 Asia Pacific 3.9 Automotive NGV: Engine Types 3.10 Automotive NGV Refueling Infrastructure Trends 3.10.1 Type of Refueling 3.10.2 Business Model 3.10.2.1 Fleet or End-User Ownership 3.10.2.2 Local Distribution Company (LDC) Ownership 3.10.2.3 Third-Party or Commercial Ownership 3.10.3 Safety and Code Requirements 3.10.4 Site Selection Criteria

Chapter 4 Automotive NGV Market: Fuel Type Estimates & Trend Analysis 4.1 Automotive NGV Market: Fuel Type Movement Analysis 4.1.1 CNG 4.1.2 LNG

Chapter 5 Automotive NGV Market: Vehicle Type Estimates & Trend Analysis 5.1 Automotive NGV Market: Vehicle Type Movement Analysis 5.1.1 Passenger Vehicles 5.1.2 Light-Duty & Heavy-Duty Buses and Trucks 5.1.3 Three-wheelers

Chapter 6 Automotive NGV Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Agility AB Volvo Beiqi Foton Motor Co., Ltd. CNH Industrial N.V. Clean Energy Fuels Cummins, Inc. PACCAR, Inc. Navistar, Inc. Quantum Fuel Systems LLC Westport Fuel Systems Inc.

For more information about this report visit https://www.researchandmarkets.com/research/g7d84t/global_automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005406/en/

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Related Topics:Electric and Hybrid Vehicles

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/14/2018 06:17 AM/DISC: 11/14/2018 06:17 AM

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