Research
Compressed Natural Gas Market - Global CNG Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
Published Date
27-Aug-2014
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Press Release
REPORT DESCRIPTION
Compressed Natural Gas Market - Global CNG Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020
A recently released report from Transparency Market Research (TMR) forecasts that the global compressed
natural gas market will expand at a CAGR of 12.30% from 2014 to 2020. According to TMR, a market
intelligence firm, the global compressed natural gas market, which in 2013 stood at US$56.32 bn is
anticipated to reach US$126.19 bn by the end of the forecast period. The report, titled Compressed
Natural Gas Market - Global CNG Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,
is available for sale on the company website.
Browse Compressed Natural Gas Market Report with Full TOC at
http://www.transparencymarketresearch.com/compressed-natural-gas.html
As per this market study, the global compressed natural gas market is driven by the widespread
implementation of vehicular emission norms that encourage the adoption of compressed natural gas and
the low price of compressed natural gas as against diesel and gasoline. When natural gas is compressed to
lower than 1% of the overall volume that it occupies under normal atmospheric conditions, it is then known
as compressed natural gas. Since there is no exact source from where compressed natural gas can be
derived directly, it is assumed that natural gas and compressed natural gas are one and the same thing.
Being a clean source of energy, compressed natural gas is gaining a lot of importance as a transportation
fuel. The overall consumption of compressed natural gas as an automobile fuel depends immensely on the
total number of compressed natural gas powered vehicles in operation.
The TMR report segments the global compressed natural gas market on the basis of source, end use, and
geography. On the basis of sources, this market is categorized into unconventional methods, nonassociated gas, and associated gas. With a market share of almost 90%, the segment for non-associated
gas held the highest share of the global compressed natural gas market in 2013. Owing to aging oil wells
and sluggish production of crude oil, the segment for associated gas is projected to decline moderately
over the forecast period. The unconventional and non-associated gas segments are expected to be by far
the most lucrative ones in the forthcoming years.
On the basis of end use, the global compressed natural gas market is segmented into medium-duty/heavyduty trucks, medium-duty/heavy-duty buses, and light duty vehicles. Geographically, the report segments
the global compressed natural gas market into Asia Pacific, North America, Europe, Africa, and the Middle
East.
CNG Market: Source Analysis
Associated Gas
Non-Associated Gas
Unconventional Methods
LD Vehicles
MD/HD Buses
MD/HD Trucks
Others
North America
Europe
Asia-Pacific
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
6.5.3 Middle East & Africa Compressed Natural Gas market estimate and forecast, by source, 2013
2020, (Million Cubic Meters) (USD Million)
6.6 South & Central America
6.6.1 South & Central America Compressed Natural Gas market estimates and forecast, 2013 2020
(Million Cubic Meters) (USD Billion)
6.6.2 South & Central America Compressed Natural Gas market estimate and forecast, by end-use,
2013 2020, (Million Cubic Meters) (USD Million)
6.6.3 South & Central America Compressed Natural Gas market estimate and forecast, by source, 2013
2020, (Million Cubic Meters) (USD Million)
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About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
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