Report overview
LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately ?162 ?C (?260 ?F); maximum transport pressure is set at around 25 kPa (4 psi ).
Compressed natural gas is a kind of natural gas used as a fuel. As an alternative energy source for petroleum, it is a much safer option among environmentally friendly clean fuels than other fuels when they leak. Generally, compressed natural gas is used to reduce the volume pressure to 1% of standard atmospheric pressure. Stored in a cylindrical or spherical pressure vessel at 2900-3600 psi. As long as the traditional gasoline internal combustion engine vehicles converted into dual-fuel vehicles can use natural gas, they are more compatible with existing equipment than other energy sources.
This report aims to provide a comprehensive presentation of the global market for Compressed Natural Gas and Liquefied Natural Gas Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Compressed Natural Gas and Liquefied Natural Gas Vehicle. This report contains market size and forecasts of Compressed Natural Gas and Liquefied Natural Gas Vehicle in global, including the following market information:
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Sales, 2019-2024, 2025-2030, (K Units)
Global top five Compressed Natural Gas and Liquefied Natural Gas Vehicle companies in 2023 (%)
The global Compressed Natural Gas and Liquefied Natural Gas Vehicle market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
CNG Vehicle Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Toyota, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
We surveyed the Compressed Natural Gas and Liquefied Natural Gas Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, by Type, 2023 (%)
CNG Vehicle
LNG Vehicle
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, by Application, 2023 (%)
Home Use
Commercial Use
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle revenues share in global market, 2023 (%)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle sales in global market, 2019-2024 (Estimated), (K Units)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Toyota
Iran Khodro
Volvo Group
PSA
Mercedes-Benz
Great Wall Motors
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compressed Natural Gas and Liquefied Natural Gas Vehicle, market overview.
Chapter 2: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle market size in revenue and volume.
Chapter 3: Detailed analysis of Compressed Natural Gas and Liquefied Natural Gas Vehicle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Compressed Natural Gas and Liquefied Natural Gas Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
