NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The "Compressed Natural Gas (CNG) Market - Competitive Analysis, Drivers, Trends, Challenges, Five Force Analysis" report has been added to Technavio's offering. 44% of the growth will originate from APAC for the compressed natural gas market. Iran (Islamic Republic of Iran), Pakistan, China, and Argentina are the key markets for the compressed natural gas (CNG) market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The demand for clean fuel such as CNG and the development of infrastructure to support the adoption of CNG as a transportation fuel will facilitate the compressed natural gas (CNG) market growth. The compressed natural gas (CNG) market value is set to grow by USD 6.92 billion from 2020 to 2025, progressing at a CAGR of 6.20% as per the latest market report by Technavio.
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Market Dynamics
Factors such as an increase in the number of CNG vehicles and the increase in government support for the adoption of CNG will drive the growth of the Compressed Natural Gas (CNG) Market. However, fluctuation in oil and gas prices might hamper market growth.
Company Profiles
The compressed natural gas (CNG) market is fragmented and the vendors are deploying growth strategies such as focusing on improving their production capacity to compete in the market. The compressed natural gas (CNG) market report includes information on the product launches, sustainability, and prospects of leading vendors including Chevron Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Gazprom, Gujarat Gas Ltd., Indraprastha Gas Ltd., Royal Dutch Shell Plc, TotalEnergies SE, and Trillium Transportation Fuels LLC.
Few Companies with key Offerings
- CNG Fuels Ltd - The company offers compressed natural gas that develops, owns, operates CNG refueling infrastructure and renewable biomethane that provides CNG directly to transport customers at our infrastructure as well as to customers looking for off-grid solutions, under the brand name of CNG Fuels Ltd.
- E.ON SE - The company offers compressed natural gas that produces and distributes electricity, gas, heat which provides electricity from onshore and offshore wind farms, solar PV, and energy storage sources, under the brand name of E.ON SE.
- ENGIE SA - The company offers compressed natural gas that includes energy transition, electricity generation, distribution, natural gas, nuclear, renewable energy, and petroleum, under the brand name ENGIE SA.
- Gazprom - The company offers compressed natural gas that includes geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power, under the Gazprom.
- Gujarat Gas Ltd. - The company compressed natural gas that provides natural gas, CNG, LNG, vehicular fuel, energy transition, electricity generation, distribution, nuclear, renewable energy, petroleum, and other gaseous forms, under the brand name of Gujarat Gas Ltd.
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Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Application, the market is classified into LDV, MDV, and HDV.
- By Geography, the market is classified as APAC, MEA, South America, Europe, and North America.
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Compressed Natural Gas (CNG) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.20% |
Market growth 2021-2025 |
USD 6.92 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.78 |
Performing market contribution |
APAC at 44% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Chevron Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Gazprom, Gujarat Gas Ltd., Indraprastha Gas Ltd., Royal Dutch Shell Plc, TotalEnergies SE, and Trillium Transportation Fuels LLC. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
1.1 Market Overview
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market characteristics
2.2 Value chain analysis
Exhibit 10: Value Chain Analysis: Oil and gas exploration and production market
2.2.1 Inputs
2.2.2 Operations
2.2.3 Outbound logistics
2.2.4 End-users
2.2.5 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2020
5. Market Segmentation by Application
5.1 Market segments
The segments covered in this chapter are:
- LDV
- MDV and HDV
Exhibit 22: Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 23: Comparison by Application
5.3 LDV - Market size and forecast 2020-2025
Exhibit 24: LDV - Market size and forecast 2020-2025 ($ billion)
Exhibit 25: LDV - Year-over-year growth 2020-2025 (%)
5.4 MDV and HDV - Market size and forecast 2020-2025
Exhibit 26: MDV and HDV - Market size and forecast 2020-2025 ($ billion)
Exhibit 27: MDV and HDV - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application
Exhibit 28: Market opportunity by Application
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 29: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- APAC
- MEA
- South America
- Europe
- North America
Exhibit 30: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 31: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 32: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
7.4 MEA - Market size and forecast 2020-2025
Exhibit 34: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 35: MEA - Year-over-year growth 2020-2025 (%)
7.5 South America - Market size and forecast 2020-2025
Exhibit 36: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 37: South America - Year-over-year growth 2020-2025 (%)
7.6 Europe - Market size and forecast 2020-2025
Exhibit 38: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
7.7 North America - Market size and forecast 2020-2025
Exhibit 40: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 42: Key leading countries
7.9 Market opportunity by geography
Exhibit 43: Market opportunity by geography ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increase in the number of CNG vehicles
8.1.2 Increase in the demand for cleaner fuel
8.1.3 Increase in government support for the adoption of CNG
8.2 Market challenges
8.2.1 Fluctuation in oil and gas prices
8.2.2 Competition to CNG from other transportation fuels
8.2.3 Infrastructural requirements to support CNG as a fuel
Exhibit 44: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increase in supply of natural gas
8.3.2 Increasing government support for the development of CNG infrastructure
8.3.3 Technological advances in the CNG market
9. Vendor Landscape
9.1 Overview
Exhibit 45: Vendor landscape
9.2 Landscape disruption
Exhibit 46: Landscape disruption
Exhibit 47: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 48: Vendors covered
10.2 Market positioning of vendors
Exhibit 49: Market positioning of vendors
10.3 Chevron Corp.
Exhibit 50: Chevron Corp. - Overview
Exhibit 51: Chevron Corp. - Business segments
Exhibit 52: Chevron Corp.– Key news
Exhibit 53: Chevron Corp. - Key offerings
Exhibit 54: Chevron Corp. - Segment focus
10.4 CNG Fuels Ltd.
Exhibit 55: CNG Fuels Ltd. - Overview
Exhibit 56: CNG Fuels Ltd. - Product and service
Exhibit 57: CNG Fuels Ltd. - Key offerings
10.5 E.ON SE
Exhibit 58: E.ON SE - Overview
Exhibit 59: E.ON SE - Business segments
Exhibit 60: E.ON SE- Key news
Exhibit 61: E.ON SE - Key offerings
Exhibit 62: E.ON SE - Segment focus
10.6 ENGIE SA
Exhibit 63: ENGIE SA - Overview
Exhibit 64: ENGIE SA - Business segments
Exhibit 65: Engie SA – Key news
Exhibit 66: ENGIE SA - Key offerings
Exhibit 67: ENGIE SA - Segment focus
10.7 Gazprom
Exhibit 68: Gazprom - Overview
Exhibit 69: Gazprom - Business segments
Exhibit 70: Gazprom - Key offerings
Exhibit 71: Gazprom - Segment focus
10.8 Gujarat Gas Ltd.
Exhibit 72: Gujarat Gas Ltd. - Overview
Exhibit 73: Gujarat Gas Ltd. - Business segments
Exhibit 74: Gujarat Gas Ltd. - Key offerings
10.9 Indraprastha Gas Ltd.
Exhibit 75: Indraprastha Gas Ltd. - Overview
Exhibit 76: Indraprastha Gas Ltd. - Business segments
Exhibit 77: Indraprastha Gas Ltd. - Key offerings
Exhibit 78: Indraprastha Gas Ltd. - Segment focus
10.10 Royal Dutch Shell Plc
Exhibit 79: Royal Dutch Shell Plc - Overview
Exhibit 80: Royal Dutch Shell Plc - Business segments
Exhibit 81: Royal Dutch Shell Plc - Key news
Exhibit 82: Royal Dutch Shell Plc - Key offerings
Exhibit 83: Royal Dutch Shell Plc - Segment focus
10.11 TotalEnergies SE
Exhibit 84: TotalEnergies SE - Overview
Exhibit 85: TotalEnergies SE - Business segments
Exhibit 86: TotalEnergies SE - Key news
Exhibit 87: TotalEnergies SE - Key offerings
Exhibit 88: TotalEnergies SE - Segment focus
10.12 Trillium Transportation Fuels LLC.
Exhibit 89: Trillium Transportation Fuels LLC. - Overview
Exhibit 90: Trillium Transportation Fuels LLC. - Product and service
Exhibit 91: Trillium Transportation Fuels LLC – Key news
Exhibit 92: Trillium Transportation Fuels LLC. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 93: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 94: Research Methodology
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Information sources
11.4 List of abbreviations
Exhibit 97: List of abbreviations
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