Global CNG Compressors Market 2024-2028

Global CNG Compressors Market 2024-2028

The cng compressors market is forecasted to grow by USD 1303.14 mn during 2023-2028, accelerating at a CAGR of 3.71% during the forecast period. The report on the cng compressors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of cng-powered vehicles, affordable and stable global natural gas prices, and focus on energy efficiency.

Technavio's cng compressors market is segmented as below:

By Product

• Reciprocating compressor
• Rotary compressor
• Dynamic compressor

By Application

• Industrial
• Commercial

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the government initiatives to reduce emissions as one of the prime reasons driving the cng compressors market growth during the next few years. Also, adoption of advanced technologies and increasing adoption of modular and mobile cng compressors will lead to sizable demand in the market.

The report on the cng compressors market covers the following areas:

• Cng compressors market sizing
• Cng compressors market forecast
• Cng compressors market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cng compressors market vendors that include ABC Technologies Inc., Ariel Corp., Atlas Copco AB, Bauer Comp Holding GmbH, China National Offshore Oil Corp., CNPC Jichai Power Co. Ltd., Delta Compression SRL, Dover Fueling Solutions, Fornovo Gas S.p.A., Galileo Technologies, General Electric Co., Indian Compressors Ltd., Ingersoll Rand Inc., J.P Sauer and Sohn Maschinenbau GmbH, J W Power Co., Parker Hannifin Corp., Siemens AG, Sollant, Sopan O and M Co. Pvt. Ltd., Volkswagen AG, Wabash Power Equipment Co., Wartsila Corp., and Westport Fuel Systems Inc.. Also, the cng compressors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.