Global Compressed Natural Gas Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Compressed Natural Gas Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Compressed Natural Gas market size was valued at USD 41440 million in 2023 and is forecast to a readjusted size of USD 60490 million by 2030 with a CAGR of 5.6% during review period.

Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline , diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. Biomethane - cleaned up biogas from anaerobic digestion or landfills - can be used.

In recent years, the share of natural gas in the global energy mix has drastically increased. The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles due to affordability and eco-friendliness. With the rise in the environmental issues such as climatic changes and depleting ozone layer many nations across the globe have started using CNG in power production.

The Global Info Research report includes an overview of the development of the Compressed Natural Gas industry chain, the market status of Light Duty Vehicles (Associated Gas, Non-Associated Gas), Medium Duty/Heavy Duty Buses (Associated Gas, Non-Associated Gas), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Compressed Natural Gas.

Regionally, the report analyzes the Compressed Natural Gas markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Compressed Natural Gas market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Compressed Natural Gas market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Compressed Natural Gas industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Nm³), revenue generated, and market share of different by Type (e.g., Associated Gas, Non-Associated Gas).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Compressed Natural Gas market.

Regional Analysis: The report involves examining the Compressed Natural Gas market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Compressed Natural Gas market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Compressed Natural Gas:

Company Analysis: Report covers individual Compressed Natural Gas manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Compressed Natural Gas This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Light Duty Vehicles, Medium Duty/Heavy Duty Buses).

Technology Analysis: Report covers specific technologies relevant to Compressed Natural Gas. It assesses the current state, advancements, and potential future developments in Compressed Natural Gas areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Compressed Natural Gas market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Compressed Natural Gas market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Associated Gas
Non-Associated Gas
Unconventional Sources (CNG)

Market segment by Application
Light Duty Vehicles
Medium Duty/Heavy Duty Buses
Medium Duty/Heavy Duty Trucks

Major players covered
National Iranian Gas Company
Indraprastha Gas Limited
Royal Dutch Shell PLC
Gazprom
NEOgas
Trillium CNG
China Natural Gas
Pakistan State Oil
J-W Power Company
GNVert
Exxon Mobil Corporation
BP P.L.C
Total S.A
Chevron Corporation
Eni S.p.A.
Equinor
ConocoPhillips Co.
Cabot Oil & Gas Corporation
Southwestern Energy Company
Chesapeake

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Compressed Natural Gas product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Compressed Natural Gas, with price, sales, revenue and global market share of Compressed Natural Gas from 2019 to 2024.

Chapter 3, the Compressed Natural Gas competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Compressed Natural Gas breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Compressed Natural Gas market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Compressed Natural Gas.

Chapter 14 and 15, to describe Compressed Natural Gas sales channel, distributors, customers, research findings and conclusion.