Compressed Natural Gas (CNG) Market worth 74 billion USD by 2023, at a CAGR of 11%

Global Compressed Natural Gas (CNG) Market industry valued approximately USD 74 billion in 2016 is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2017-2025. Rising adoption of CNG as an alternative fuel to gasoline or diesel to increase the fuel efficiency of the vehicles is a major growth driving factor in the market. Moreover, favorable outlook on exploration of unconventional resources involving shale gas specifically in U.S. and China is estimated to offer growth opportunities for key market players.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

Some of the key manufacturers involved in the Compressed Natural Gas (CNG) market, with production, price, revenue and market share for each manufacturer, covering National Iranian Gas Company, Mahanagar gas Limited (MNGL), J-W Power Company, OAO GasProm, Trillium CNG, GNVert, NeoGas Inc., China Natural Gas Inc.

The detailed segments and sub-segment of the market are explained below:

The basis of product, Compressed Natural Gas (CNG) Market report displays the production, revenue, price, market share and growth rate of each type, primarily Explained Below:


Non-Associated Gas, Associated Gas, Unconventional Methods


Light Duty Vehicles, Medium/Heavy Duty Buses, Medium/Heavy Duty Trucks


By Regions, Compressed Natural Gas (CNG) Market report covers North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World.

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Furthermore, years considered for the study are as follows:

-Historical year – 2015

-Base year – 2016

-Forecast period – 2017 to 2025

Target Audience of the Compressed Natural Gas (CNG) Market Study:

-Key Consulting Companies & Advisors

-Large, medium-sized, and small enterprises

-Venture capitalists

-Value-Added Resellers (VARs)

-Third-party knowledge providers

-Investment bankers


Overall the Compressed Natural Gas (CNG) report offers a whole consequential Analysis of the parent Compressed Natural Gas (CNG) market, key tactics followed by leading Compressed Natural Gas (CNG) industry Players and upcoming segments. Former, current and forecast of Compressed Natural Gas (CNG) Industry analysis in terms of volume and value along with research conclusions which exponentially accelerate your business and helps the new aspirants to inspect the forthcoming opportunities in the Industry.

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