Future of Compressed Natural Gas (CNG) Market Due To Impact COVID-19
Latest report titled Impact of COVID-19 on Compressed Natural Gas (CNG) Market. Analysis of the current market and its forecast, and future strategies of major market players have been analysed based on primary interviews. Country level analysis has been included based on the current situation and government actions to tackle the crisis.
The shift in trend towards adoption of unconventional transportation fuels to reduce carbon footprints is expected to remain a key driving factor for global compressed natural gas (CNG) market. CNG emerged used as a substitute transportation fuel for gasoline, diesel and LPG on account of low emission of greenhouse gases (GHG) production on combustion. CNG can be used in traditional internal combustion engines that have been originally designed or modified for gasoline/diesel which has been further propelling its market growth.
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The emergence of CNG as low-cost fuel coupled with growing energy demands is expected to have a positive influence on global CNG market growth. It costs lower than traditional fuels such as gasoline and diesel and produce energy equivalent on combustion. Exploration of shale gas and other non-conventional sources of energy particularly in North America have brought down global CNG prices. Increasing government regulations on account of environmental concern is expected to significantly have a significant effect on global CNG market over the next six years.
The following manufacturers are covered:
Indraprastha Gas Limited (IGL),
National Iranian Gas Company,
Mahanagar Gas Limited (MNGL),
J-W Power Company,
OAO Gazprom,
Trillium CNG,
GNVert,
ANGI Energy Systems Inc.,
NeoGas Inc.,
Chevron,
ExxonMobil,
NIOPDC,
Royal Dutch Shell,
China Natural Gas Inc.,
Segment by Regions: - North America
- Europe
- China
- Japan
- Southeast Asia
- India
Segment by Type:
Associated Gas
Non-associated Gas
Unconventional Methods
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Segment by Application:
Light Duty Vehicles
Medium/Heavy Duty Buses
Medium/Heavy Duty Trucks
Some of the key questions answered in this report:
Detailed Overview of Compressed Natural Gas (CNG) Market helps deliver clients and businesses making strategies.
Influential factors that are thriving demand and constraints in the market.
What is the market concentration? Is it fragmented or highly concentrated?
What trends, challenges and barriers will impact the development and sizing of Compressed Natural Gas (CNG) Market?
SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
What growth momentum or acceleration market carries during the forecast period?
Which region is going to tap highest market share in future?
What Application/end-user category or Product Type may see incremental growth prospects?
What would be the market share of key countries like United States, France, UK, Germany, Italy, Canada, Australia, Japan, China or Brazil etc.?
What focused approach and constraints are holding the market tight?
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