Our latest research report entitled Natural Gas Refueling Infrastructure Market (by station type (CNG, LNG), application (transportation, energy, domestic cooking gas)) provides complete and deep insights into the market dynamics and growth of natural gas refueling infrastructure. The latest information on market risks, industry chain structure natural gas refueling infrastructure cost structure and opportunities are offered in this report. the past, present and forecast market information will lead to investment feasibility by studying the essential natural gas refueling infrastructure growth factors. According to the report the global natural gas refueling infrastructure market is projected to grow at a CAGR of 10% over the forecast period of 2018-2024.
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The natural gas infrastructure system comprises of a network of buried transmission, gathering and local distribution pipelines, natural gas processing, and liquefied natural gas (LNG) and storage facilities. A natural gas vehicle uses compressed natural gas or liquefied natural gas fuel instead of petroleum and diesel fuel, providing significant reductions in greenhouse gas and air pollution, when utilizing clean renewable fuels. The use of natural gas as a vehicular fuel is expected to reduce the dependence of countries on the imports of crude oil.
Thus, the use of natural gas as vehicular fuel appreciates the support from the governments of various countries. This is also expected to increase the number of natural gas vehicles, which in turn is expected to drive the Natural Gas Refueling Infrastructure Market. Moreover, the large number of benefits such as low cost, non-toxic nature have a large demand for natural gas as a vehicular fuel.
On the other hand, governments of various countries are promoting the use of clean fuel (in vehicles) by reducing the fuel duty on cleaner fuels such as LNG and CNG. Natural gas vehicles (NGVs) are similar to gasoline or diesel vehicles with regard to power, acceleration, and cruising speed. The driving range of NGVs is generally less than that of comparable gasoline and diesel vehicles because, with natural gas, less overall energy content can be stored in the same size tank. This, in turn, is fuelling the growth of the natural gas refueling infrastructure market. Furthermore, the use of natural gas is safer for the environment and human health as it does not emit harmful gases, which is the case with petrol and diesel. This is expected to create lucrative opportunities for the global Natural Gas Refueling Infrastructure Market in the coming years.
North America Dominated the Natural Gas Refueling Infrastructure Market
Among the geographies, North America dominated the Natural Gas Refueling Infrastructure Market due to the availability of huge natural gas reserves in this region. With the strong support from the Government of China and active participation from industry players, high demand for Natural Gas Refueling Infrastructure Market can be anticipated in the future. Application of natural gas as a transportation fuel in the Asia Pacific offers many advantages such as supply security, reduced crude oil imports, and fuel subsidies, low cost of energy, and employment opportunities.
The report on global Natural Gas Refueling Infrastructure Market covers segments such as station types and applications. On the basis of the station type, the global Natural Gas Refueling Infrastructure Market is categorized into CNG and LNG. On the basis of applications, the global Natural Gas Refueling Infrastructure Market is categorized into transportation, energy, and domestic cooking gas.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global Natural Gas Refueling Infrastructure Marketsuch as, Apache Corporation, Blu LNG, Cryostar SAS, Trillium CNG, Gazprom, PETRONAS, Abu Dhabi National Oil Company, Indraprastha Gas Limited, ENN Energy Holdings Limited and GNC Galileo.
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The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global natural gas refueling infrastructure. Moreover, the IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of natural gas refueling infrastructure. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the natural gas refueling infrastructure market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the natural gas refueling infrastructure market to understand the present and future trends in this market and formulate their strategies accordingly.