Global Compressed Natural Gas (CNG) Market 2024-2028

Description

List of Tables

The compressed natural gas (CNG) market is forecasted to grow by USD 19.77 bn during 2023-2028, accelerating at a CAGR of 7.51% during the forecast period. The report on the compressed natural gas (CNG) 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, increase in demand for cleaner transportation fuels, and increased government support for adoption of CNG .

Technavio's compressed natural gas (CNG) market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.68%
CAGR	7.51%
Incremental Value	$19.77bn

By Application

By Source

Non associated gas
Unconventional gas
Associated gas

By Geographical Landscape

APAC
Middle East and Africa
South America
Europe
North America

This study identifies the increase in supply of natural gas as one of the prime reasons driving the compressed natural gas (CNG) market growth during the next few years. Also, rising energy demand leading to improvements in CNG storage tanks and technological advances in global CNG market will lead to sizable demand in the market.

The report on the compressed natural gas (CNG) market covers the following areas:

Compressed natural gas (CNG) market sizing
Compressed natural gas (CNG) market forecast
Compressed natural gas (CNG) 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 compressed natural gas (CNG) market vendors that include Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China National Petroleum Corp., Clean Energy Fuels Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Eni SpA, Gazprom Nedra LLC, Gujarat Gas Ltd., Maharashtra Natural Gas Ltd., ONTRAS Gastransport GmbH, OrangeGas BV., Shell plc, Snam SpA., TotalEnergies SE, Trillium Transportation Fuels LLC, VERBIO Vereinigte BioEnergie AG, and Indraprastha Gas Ltd.. Also, the compressed natural gas (CNG) 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.

Product Code: IRTNTR72024

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Source
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global compressed natural gas (CNG) market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global compressed natural gas (cng) market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Source Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Source Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 LDV - Market size and forecast 2023-2028
Exhibit 34: Chart on LDV - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on LDV - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on LDV - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on LDV - Year-over-year growth 2023-2028 (%)
6.4 MDV and HDV - Market size and forecast 2023-2028
Exhibit 38: Chart on MDV and HDV - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on MDV and HDV - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on MDV and HDV - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on MDV and HDV - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ billion)
Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Source

7.1 Market segments
Exhibit 44: Chart on Source - Market share 2023-2028 (%)
Exhibit 45: Data Table on Source - Market share 2023-2028 (%)
7.2 Comparison by Source
Exhibit 46: Chart on Comparison by Source
Exhibit 47: Data Table on Comparison by Source
7.3 Non associated gas - Market size and forecast 2023-2028
Exhibit 48: Chart on Non associated gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Non associated gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Non associated gas - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Non associated gas - Year-over-year growth 2023-2028 (%)
7.4 Unconventional gas - Market size and forecast 2023-2028
Exhibit 52: Chart on Unconventional gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Unconventional gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Unconventional gas - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Unconventional gas - Year-over-year growth 2023-2028 (%)
7.5 Associated gas - Market size and forecast 2023-2028
Exhibit 56: Chart on Associated gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Associated gas - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Associated gas - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Associated gas - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Source
Exhibit 60: Market opportunity by Source ($ billion)
Exhibit 61: Data Table on Market opportunity by Source ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.5 South America - Market size and forecast 2023-2028
Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.6 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.7 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.8 Iran - Market size and forecast 2023-2028
Exhibit 87: Chart on Iran - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Iran - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Iran - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Iran - Year-over-year growth 2023-2028 (%)
9.9 Russia - Market size and forecast 2023-2028
Exhibit 91: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.10 Qatar - Market size and forecast 2023-2028
Exhibit 95: Chart on Qatar - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Qatar - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Qatar - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Qatar - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Turkmenistan - Market size and forecast 2023-2028
Exhibit 103: Chart on Turkmenistan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Turkmenistan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Turkmenistan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Turkmenistan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 BP Plc
Exhibit 115: BP Plc - Overview
Exhibit 116: BP Plc - Business segments
Exhibit 117: BP Plc - Key news
Exhibit 118: BP Plc - Key offerings
Exhibit 119: BP Plc - Segment focus
12.4 Chevron Corp.
Exhibit 120: Chevron Corp. - Overview
Exhibit 121: Chevron Corp. - Business segments
Exhibit 122: Chevron Corp. - Key news
Exhibit 123: Chevron Corp. - Key offerings
Exhibit 124: Chevron Corp. - Segment focus
12.5 China National Petroleum Corp.
Exhibit 125: China National Petroleum Corp. - Overview
Exhibit 126: China National Petroleum Corp. - Product / Service
Exhibit 127: China National Petroleum Corp. - Key offerings
12.6 Clean Energy Fuels Corp.
Exhibit 128: Clean Energy Fuels Corp. - Overview
Exhibit 129: Clean Energy Fuels Corp. - Product / Service
Exhibit 130: Clean Energy Fuels Corp. - Key news
Exhibit 131: Clean Energy Fuels Corp. - Key offerings
12.7 CNG Fuels Ltd.
Exhibit 132: CNG Fuels Ltd. - Overview
Exhibit 133: CNG Fuels Ltd. - Product / Service
Exhibit 134: CNG Fuels Ltd. - Key offerings
12.8 E.ON SE
Exhibit 135: E.ON SE - Overview
Exhibit 136: E.ON SE - Business segments
Exhibit 137: E.ON SE - Key news
Exhibit 138: E.ON SE - Key offerings
Exhibit 139: E.ON SE - Segment focus
12.9 ENGIE SA
Exhibit 140: ENGIE SA - Overview
Exhibit 141: ENGIE SA - Business segments
Exhibit 142: ENGIE SA - Key offerings
Exhibit 143: ENGIE SA - Segment focus
12.10 Eni SpA
Exhibit 144: Eni SpA - Overview
Exhibit 145: Eni SpA - Business segments
Exhibit 146: Eni SpA - Key offerings
Exhibit 147: Eni SpA - Segment focus
12.11 Gazprom Nedra LLC
Exhibit 148: Gazprom Nedra LLC - Overview
Exhibit 149: Gazprom Nedra LLC - Product / Service
Exhibit 150: Gazprom Nedra LLC - Key offerings
12.12 Gujarat Gas Ltd.
Exhibit 151: Gujarat Gas Ltd. - Overview
Exhibit 152: Gujarat Gas Ltd. - Business segments
Exhibit 153: Gujarat Gas Ltd. - Key offerings
Exhibit 154: Gujarat Gas Ltd. - Segment focus
12.13 Indraprastha Gas Ltd.
Exhibit 155: Indraprastha Gas Ltd. - Overview
Exhibit 156: Indraprastha Gas Ltd. - Business segments
Exhibit 157: Indraprastha Gas Ltd. - Key offerings
Exhibit 158: Indraprastha Gas Ltd. - Segment focus
12.14 Maharashtra Natural Gas Ltd.
Exhibit 159: Maharashtra Natural Gas Ltd. - Overview
Exhibit 160: Maharashtra Natural Gas Ltd. - Product / Service
Exhibit 161: Maharashtra Natural Gas Ltd. - Key offerings
12.15 Shell plc
Exhibit 162: Shell plc - Overview
Exhibit 163: Shell plc - Business segments
Exhibit 164: Shell plc - Key offerings
Exhibit 165: Shell plc - Segment focus
12.16 TotalEnergies SE
Exhibit 166: TotalEnergies SE - Overview
Exhibit 167: TotalEnergies SE - Business segments
Exhibit 168: TotalEnergies SE - Key news
Exhibit 169: TotalEnergies SE - Key offerings
Exhibit 170: TotalEnergies SE - Segment focus
12.17 Trillium Transportation Fuels LLC
Exhibit 171: Trillium Transportation Fuels LLC - Overview
Exhibit 172: Trillium Transportation Fuels LLC - Product / Service
Exhibit 173: Trillium Transportation Fuels LLC - Key news
Exhibit 174: Trillium Transportation Fuels LLC - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 175: Inclusions checklist
Exhibit 176: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 177: Currency conversion rates for US$
13.4 Research methodology
Exhibit 178: Research methodology
Exhibit 179: Validation techniques employed for market sizing
Exhibit 180: Information sources
13.5 List of abbreviations
Exhibit 181: List of abbreviations