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,
non-associated 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.
For
further inquiries, click here
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=1072
On
the basis of end use, the global compressed natural gas market is
segmented into medium-duty/heavy-duty 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
CNG
Market: End-User Analysis
- LD Vehicles
- MD/HD Buses
- MD/HD Trucks
- Others
CNG
Market: Regional Analysis
- North America
- Europe
- Asia-Pacific
- The Middle East & Africa
- South & Central America
Browse
TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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