Global Natural Gas Refueling Infrastructure Market to Reach 52.8 Thousand Units by 2030
The global market for Natural Gas Refueling Infrastructure estimated at 40 Thousand Units in the year 2023, is expected to reach 52.8 Thousand Units by 2030, growing at a CAGR of 4% over the period 2023-2030. Compressed Natural Gas (CNG) Stations, one of the segments analyzed in the report, is expected to record 4.3% CAGR and reach 31 Thousand Units by the end of the analysis period. Growth in the Liquefied Natural Gas (LNG) Stations segment is estimated at 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 11.9 Thousand Units, While China is Forecast to Grow at 3.7% CAGR
The Natural Gas Refueling Infrastructure market in the U.S. is estimated at 11.9 Thousand Units in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 9.3 Thousand Units by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
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