Growth of Natural Gas Refueling Stations Market to Be Impacted by the Rising Demand for Cleaner Fuels | Technavio

The market will accelerate at a CAGR of over 4% between 2020-2024

LONDON--()--The report, global natural gas refueling stations market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and technology for the forecast period 2020-2024.

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The report on the natural gas refueling stations market includes:

Natural Gas Refueling Stations Market Analysis and Forecast 2020-2024: Features

  • Competitive landscape
  • Market segmentation
    • Regional Segmentation
    • Technology Segmentation
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Natural Gas Refueling Stations Market 2020-2024: Competitive Landscape

  • Vendors covered
  • Vendor classification
    • China Petroleum and Chemical Corp.
    • Clean Energy Fuels Corp.
    • Cummins Inc.
    • Dover Corp.
    • Exxon Mobil Corp.
    • Indraprastha Gas Ltd.
    • L'Air Liquide SA
    • Royal Dutch Shell Plc
    • Total SA
    • UGI Corp.

Natural Gas Refueling Stations Market Technology Outlook (Volume, Thousand units, 2020-2024)

  • CNG - size and forecast 2019-2024
  • LNG - size and forecast 2019-2024

Natural Gas Refueling Stations Market Type Outlook (Volume, Thousand units, 2020-2024)

  • Fast-fill stations - size and forecast 2019-2024
  • Time-fill stations - size and forecast 2019-2024

Natural Gas Refueling Stations Market Geographic Outlook (Volume, Thousand units, 2020-2024)

  • APAC - size and forecast 2019-2024
  • North America - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • South America - size and forecast 2019-2024

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Rising demand for cleaner fuels will drive the natural gas refueling stations market

With growing global carbon emissions, particularly from the transport sector, countries have increased their focus on using more renewable alternatives to fossil fuels such as natural gas and biomethane. This has also led to an increased deployment of natural gas in the transportation sector as natural gas is a clean and affordable alternative to diesel, gasoline, and fuel oil.

Rise in adoption of NGVs – An emerging trend in the natural gas refueling stations market

The benefits of low operating costs and the reduction in vehicle emissions have increased the adoption of both commercial and passenger natural gas vehicles fleets. This has resulted in the original equipment manufacturers such as GM, Ford, Fiat, Volvo, and Audi to offer light, medium, heavy vehicles that are powered by natural gas. The use of natural gas as a fuel in the transportation sector is driven by the production of natural gas-powered engines for medium and heavy-duty vehicles. Furthermore, the growing popularity of natural gas vehicles and vehicles that can be natural gas retrofitted has driven companies such as GM and Ford to introduce certified natural gas conversion systems. This is further expected to boost market demand during the forecast period.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

Get Full Report: https://www.technavio.com/report/natural-gas-refueling-stations-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Increasing focus on energy security
  • Rising use of natural gas in the transportation sector
  • Government support for NGV infrastructure

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The natural gas refueling stations market size has the potential to grow by 8.07 thousand units during 2020-2024.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/