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Compressed Natural Gas (CNG) Market

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3 years ago

Compressed Natural Gas (CNG) Market By Application (Light Passenger Vehicles, Medium duty/heavy duty (MD/HD) Buses, Medium duty/heavy duty (MD/HD) Trucks), By Source (Associated Gas, Non- Associated Gas, Unconventional Gas) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report titled “Compressed Natural Gas (CNG) Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in CNG market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on source, application and geographical distribution.

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2 years ago

Global Compressed Natural Gas (CNG) Industry Research Report, Growth Trends and Competitive Analysis 2022-2028

Report Scope
This latest report researches the industry structure, capacity, production, sales (consumption), revenue, price and gross margin. Major producers' production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were coll...

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Compressed Natural Gas (CNG) Market

The compressed natural gas (CNG) market is expected to grow remarkably in the coming decade. The main drivers for this market are increasing oil prices, rising energy demands from various industries, and stringent government regulations to limit pollution.

 

Trends show immense growth opportunities for key market players in the after-market automotive industry, especially in the developing nations of Asia-Pacific. 

 

However, the high initial investment, installation costs, high cost of CNG storage tanks in vehicles, safety concerns, and the limited number of CNG fuelling stations are all restraining the growth of the compressed natural gas (CNG) market.

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