CNG Compressor Market Report: Trends, Forecast and Competitive Analysis to 2030

CNG Compressor Trends and Forecast

The future of the global CNG compressor market looks promising with opportunities in the industrial, residential, and transportation markets. The global CNG compressor market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand for natural gas in the automotive industry to replace gasoline, growing consumer desire for greener energy, as well as, growing understanding of the advantages of CNG for the environment and the necessity of reducing reliance on fossil fuels.

A more than 150-page report is developed to help in your business decisions.

CNG Compressor by Segment

The study includes a forecast for the global CNG compressor by technology, application, and region.

CNG Compressor Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Positive Displacement
• Dynamic

CNG Compressor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Residential
• Transportation

CNG Compressor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of CNG Compressor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies CNG compressor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the CNG compressor companies profiled in this report include-

• Ariel
• Atlas Copco
• Bauer Compressors
• Wartsila
• CIMC Enric
• Kobelco Compressors America
• Elliott Company
• Associated Compressor Engineers
• C&B Pumps And Compressors
• Gas Compressor Consultants

CNG Compressor Market Insights

Lucintel forecasts that positive displacement will remain the larger segment over the forecast period because the ompressors are well-suited for CNG applications as they can handle a wide range of flow rates and pressures.

APAC will remain the largest region over the forecast period due to increasing demand for CNG vehicles, as well as, automobile manufacturers are investing more money to improve vehicle emissions standards in this region.

Features of the Global CNG Compressor Market

Market Size Estimates: CNG compressor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: CNG compressor market size by technology, application, and region in terms of value ($B).

Regional Analysis: CNG compressor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, application, and regions for the CNG compressor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the CNG compressor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the CNG compressor market size?

Answer: The global CNG compressor market is expected to reach an estimated $4.5 billion by 2030.

Q2. What is the growth forecast for CNG compressor market?

Answer: The global CNG compressor market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the CNG compressor market?

Answer: The major drivers for this market are growing demand for natural gas in the automotive industry to replace gasoline, growing consumer desire for greener energy, as well as, growing understanding of the advantages of CNG for the environment and the necessity of reducing reliance on fossil fuels.

Q4. What are the major segments for CNG compressor market?

Answer: The future of the global CNG compressor market looks promising with opportunities in the industrial, residential, and transportation markets.

Q5. Who are the key CNG compressor market companies?

Answer: Some of the key CNG compressor companies are as follows:

• Ariel
• Atlas Copco
• Bauer Compressors
• Wartsila
• CIMC Enric
• Kobelco Compressors America
• Elliott Company
• Associated Compressor Engineers
• C&B Pumps And Compressors
• Gas Compressor Consultants

Q6. Which CNG compressor market segment will be the largest in future?

Answer: Lucintel forecasts that positive displacement will remain the larger segment over the forecast period because the ompressors are well-suited for CNG applications as they can handle a wide range of flow rates and pressures.

Q7. In CNG compressor market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increasing demand for CNG vehicles, as well as, automobile manufacturers are investing more money to improve vehicle emissions standards in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the CNG compressor market by technology (positive displacement and dynamic), application (industrial, residential, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?