Compressed Natural Gas (CNG) Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: November 1, 2020 |

The global compressed natural gas (CNG) market size is projected to grow at a CAGR of 10.5% market during 2017-2025. Growing environmental concerns over the emission of greenhouse gases along with favorable government initiatives to promote the adoption of compressed natural gas as an alternative to gasoline and diesel are projected to drive the demand for compressed natural gas. Further, associated advantages such as improved vehicle fuel efficiency inclining consumers to adopt compressed natural gas as a preferred fuel over gasoline and diesel fuel. Moreover, government initiatives such as subsidies and tax benefits on compressed natural gas vehicles are also encouraging the use of compressed natural gas over diesel and gasoline fuel. Increasing investment in key consuming economies such as China and India in developing infrastructure for the production, storage, and distribution of compressed natural gas is also anticipated to augment the demand for compressed natural gas over the forecast period (2020-2027).

However, insufficient infrastructure for the storage and distribution of compressed natural gas along with dearth of supply of compressed natural gas, high cost of installation of compressed natural gas stations is restricting access to a large number of consumers. Thus, the supply and distribution of compressed natural gas are projected to be the key challenges hampering the growth of the compressed natural gas market over the forecast period.

Market Segment Insights:

The global compressed natural gas (CNG) market for the purpose of this study is studied for source and application. Associated, non-associated, and unconventional are the prime compressed natural gas (CNG) considered in the source segmentation. On the other hand, light passenger vehicles, medium-duty/heavy duty (MD/HD) buses, medium-duty/heavy duty (MD/HD) trucks, and others (Autos) are key applications of compressed natural gas (CNG).

Global Compressed Natural Gas (CNG) Market Segmentation:

By Source, 2018–2027 ($ Billion)

  • Associated Gas
  • Non-Associated Gas
  • Unconventional

By Application, 2018–2027 ($ Billion)

  • Light Passenger Vehicles
  • Medium duty/heavy duty (MD/HD) Buses
  • Medium duty/heavy duty (MD/HD) Trucks
  • Others (Autos)

By Geography, 2018-2027 ($ Billion)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global compressed natural gas (CNG) market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, Asia Pacific is estimated to be the largest market for compressed natural gas. The increasing number of natural gas vehicles along with the growing adoption of natural gas as an alternative fuel for vehicles is projected to drive the demand for compressed natural gas over the forecast period.

Market Competition Assessment:

The major players currently operating in the global compressed natural gas (CNG) market British Petroleum plc., Gazprom, Exxon Mobil Corporation, Royal Dutch Shell plc., Total SA, and Others.

List of Key Companies:

  • British Petroleum plc.
  • Gazprom
  • Exxon Mobil Corporation
  • Royal Dutch Shell plc.
  • Total SA
  • China National Petroleum Corporation
  • Chevron
  • Eni SpA
  • Statoil
  • ConocoPhillips
  • Reliance Industries Ltd. (RIL)

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Key Questions Answered by Compressed Natural Gas (CNG) Market Report

  • Global compressed natural gas (CNG) market forecasts from 2020-2027
  • Regional compressed natural gas (CNG) market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Compressed Natural Gas (CNG) submarket forecasts from 2020-2027 covering the market by source, by application, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the compressed natural gas market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level compressed natural gas (CNG) markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the compressed natural gas market

(Reports will be updated due to COVID-19 impacts on the market)

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Table of Content:


1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
2. Executive Summary
2.1. Global Compressed Natural Gas (CNG) Market Portraiture
2.1.1. Global Compressed Natural Gas (CNG) Market, by Source, 2019
2.1.2. Global Compressed Natural Gas (CNG) Market, by Application, 2019
2.1.3. Global Compressed Natural Gas (CNG) Market, by Geography, 2019
2.1.4. Key Players
2.1.5. Drivers, Restraints & Trends
3. Global Compressed Natural Gas (CNG) Market Dynamics
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Size & Forecast
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry
4. Global Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), By Source, 2018-2027
4.1. Introduction
4.2. Associated Gas
4.3. Non- Associated Gas
4.4. Unconventional Gas
5. Global Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), By Application, 2018-2027
5.1. Introduction
5.2. Light Passenger Vehicles
5.3. Medium duty/heavy duty (MD/HD) Buses
5.4. Medium duty/heavy duty (MD/HD) Trucks
5.5. Others (Autos)
6. Global Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), By Geography, 2018-2027
6.1. Introduction
6.2. North America Compressed Natural Gas (CNG) Market Analysis, 2018-2027
6.2.1. North America Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Country, 2018-2027
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Source, 2018-2027
6.2.2.1. Associated Gas
6.2.2.2. Non- Associated Gas
6.2.2.3. Unconventional Gas
6.2.3. North America Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Application, 2018-2027
6.2.3.1. Light Passenger Vehicles
6.2.3.2. Medium duty/heavy duty (MD/HD) Buses
6.2.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.2.3.4. Others (Autos)
6.3. Europe Compressed Natural Gas (CNG) Market Analysis, 2018-2027
6.3.1. Europe Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Region, 2018-2027
6.3.1.1. U.K.
6.3.1.2. Germany
6.3.1.3. Spain
6.3.1.4. France
6.3.1.5. Russia
6.3.1.6. Rest of Europe
6.3.2. Europe Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Source, 2018-2027
6.3.2.1. Associated Gas
6.3.2.2. Non- Associated Gas
6.3.2.3. Unconventional Gas
6.3.3. Europe Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Application, 2018-2027
6.3.3.1. Light Passenger Vehicles
6.3.3.2. Medium duty/heavy duty (MD/HD) Buses
6.3.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.3.3.4. Others (Autos)
6.4. Asia Pacific Compressed Natural Gas (CNG) Market Analysis, 2018-2027
6.4.1. Asia Pacific Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Country, 2018-2027
6.4.1.1. China
6.4.1.2. India
6.4.1.3. Japan
6.4.1.4. South Korea
6.4.1.5. Australia
6.4.1.6. Rest of Asia Pacific
6.4.2. Asia Pacific Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Source, 2018-2027
6.4.2.1. Associated Gas
6.4.2.2. Non- Associated Gas
6.4.2.3. Unconventional Gas
6.4.3. Asia Pacific Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Application, 2018-2027
6.4.3.1. Light Passenger Vehicles
6.4.3.2. Medium duty/heavy duty (MD/HD) Buses
6.4.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.4.3.4. Others (Autos)
6.5. Latin America Compressed Natural Gas (CNG)Market Analysis, 2018-2027
6.5.1. Latin America Compressed Natural Gas (CNG)Market Size (Million Cubic Mtrs) ($ Billion), by Country, 2018-2027
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Compressed Natural Gas (CNG)Market Size (Million Cubic Mtrs) ($ Billion), by Source, 2018-2027
6.5.2.1. Associated Gas
6.5.2.2. Non- Associated Gas
6.5.2.3. Unconventional Gas
6.5.3. Latin America Compressed Natural Gas (CNG)Market Size (Million Cubic Mtrs) ($ Billion), by Application, 2018-2027
6.5.3.1. Light Passenger Vehicles
6.5.3.2. Medium duty/heavy duty (MD/HD) Buses
6.5.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.5.3.4. Others (Autos)
6.6. Middle East & Africa (MEA) Compressed Natural Gas (CNG)Market Analysis, 2018-2027
6.6.1. MEA Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Region, 2018-2027
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Source, 2018-2027
6.6.2.1. Associated Gas
6.6.2.2. Non- Associated Gas
6.6.2.3. Unconventional Gas
6.6.3. MEA Compressed Natural Gas (CNG) Market Size (Million Cubic Mtrs) ($ Billion), by Application, 2018-2027
6.6.3.1. Light Passenger Vehicles
6.6.3.2. Medium duty/heavy duty (MD/HD) Buses
6.6.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.6.3.4. Others (Autos)
7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. British Petroleum plc.
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Portfolio
7.2.1.4. Key Developments
7.2.2. Gazprom
7.2.3. Exxon Mobil Corporation
7.2.4. Royal Dutch Shell plc.
7.2.5. Total SA
7.2.6. China National Petroleum Corporation
7.2.7. Chevron
7.2.8. Eni SpA
7.2.9. Statoil
7.2.10. ConocoPhillips
7.2.11. Reliance Industries Ltd. (RIL)
7.2.12. Other Notable Players
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