Compressed Natural Gas Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 26.88 Billion
Market Size 2032 (Forecast Year) USD 49.00 Billion
CAGR 6.9%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Compressed Natural Gas Market Insights

As per the published report by Market Research Store, the Global Compressed Natural Gas Market size was estimated at USD 26.88 Billion in 2023 and is anticipated to reach reach USD 49.00 Billion by 2032, growing at a projected CAGR of 6.9% during the forecast period 2024-2032. The report provides a detailed analysis of the global Compressed Natural Gas Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

Compressed Natural Gas Market Size

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The report covers forecast and analysis for the compressed natural gas market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volume (Million Cubic Meters) and revenue (USD Billion). The study includes drivers and restraints of the compressed natural gas market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the compressed natural gas market on a global level.

In order to give the users of this report a comprehensive view on the compressed natural gas, we have included a detailed competitive scenario and source portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the compressed natural gas market has also been included. The study encompasses a market attractiveness analysis, wherein source segments are benchmarked based on their market size, growth rate and general attractiveness.

Compressed Natural Gas Market: Report Scope

Report Attributes Report Details
Report Name Compressed Natural Gas Market
Market Size in 2023 USD 26.88 Billion
Market Forecast in 2032 USD 49.00 Billion
Growth Rate CAGR of 6.9%
Number of Pages 110
Key Companies Covered Indraprastha Gas Limited (IGL), National Iranian Gas Company, Mahanagar gas Limited (MNGL), and J-W Power Company, OAO Gazprom, Trillium CNG, GNVert, ANGI Energy Systems Inc., NeoGas Inc., China Natural Gas Inc. and J-W Power Company.
Segments Covered By Source, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2023
Forecast Year 2024 to 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The study provides a decisive view on the compressed natural gas market by segmenting the market based on source, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Based on source, compressed natural gas market can segmented into associated gas, non-associated gas, and unconventional methods. Key application markets covered under this study includes light duty vehicles, medium/heavy duty buses, and medium/heavy duty trucks. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further, Bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global compressed natural gas market include

  • Indraprastha Gas Limited (IGL)
  • National Iranian Gas Company
  • Mahanagar gas Limited (MNGL)
  • and J-W Power Company
  • OAO Gazprom
  • Trillium CNG
  • GNVert
  • ANGI Energy Systems Inc.
  • NeoGas Inc.
  • China Natural Gas Inc. and J-W Power Company.

The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

This report segments the global compressed natural gas market as follows:

Global Compressed Natural Gas Market: Source Segment Analysis

  • Associated Gas
  • Non-Associated Gas
  • Unconventional Methods

Global Compressed Natural Gas Market: Application Segment Analysis

  • LD Vehicles
  • MD/HD Buses
  • MD/HD Trucks
  • Others

Global Compressed Natural Gas Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India 
  • Latin America
    • Brazil
  • Middle East and Africa

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Table Of Content

Chapter 1. Introduction

  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology

Chapter 2. Executive Summary

  • 2.1. Global compressed natural gas market volume and revenue, 2014 - 2020 (Million Cubic Meters) (USD Billion)
  • 2.2. Global compressed natural gas market: Snapshot

Chapter 3. Compressed Natural Gas Market –Industry Analysis

  • 3.1. Compressed natural gas: Market dynamics
  • 3.2. Market drivers
    • 3.2.1. Global compressed natural gas market drivers: Impact analysis
    • 3.2.2. Low cost
    • 3.2.3. Government support
  • 3.3. Market restraints
    • 3.3.1. Global compressed natural gas market restraints: Impact analysis
    • 3.3.2. Increasing use of LPG as an alternative fuel
  • 3.4. Opportunities
    • 3.4.1. Shale gas production
  • 3.5. Porter’s five forces analysis
    • 3.5.1. Bargaining power of suppliers
    • 3.5.2. Bargaining power of buyers
    • 3.5.3. Threat from new entrants
    • 3.5.4. Threat from new substitutes
    • 3.5.5. Degree of competition
  • 3.6. Market attractiveness analysis
    • 3.6.1. Market attractiveness analysis by source segment
    • 3.6.2. Market attractiveness analysis by application segment
    • 3.6.3. Market attractiveness analysis by regional segment

Chapter 4. Global Compressed Natural Gas Market – Competitive Landscape

  • 4.1. company market share analysis,2014
  • 4.2. Production capacity (subject to data availability)
  • 4.3. Raw material analysis
  • 4.4. Price trend Analysis

Chapter 5. Global Compressed Natural Gas Market – Source Segment Analysis

  • 5.1. Global compressed natural gas market: Source overview
    • 5.1.1. Global compressed natural gas market volume share by source, 2014 and 2020
  • 5.2. Associated Gas
    • 5.2.1. Global associated gas market, 2014 – 2020 (Million Cubic Meters) (USD Billion)
  • 5.3. Non-Associated Gas
    • 5.3.1. Global non-associated gas market,2014 – 2020 (Million Cubic Meters) (USD Billion)
  • 5.4. Unconventional Methods
    • 5.4.1. Global unconventional methods market,2014 – 2020 (Million Cubic Meters) (USD Billion)

Chapter 6. Global Compressed Natural Gas Market – Application Segment Analysis

  • 6.1. Global compressed natural gas market: Application overview
    • 6.1.1. Global compressed natural gas market volume share by application, 2014 and 2020
  • 6.2. Light Duty Vehicles
    • 6.2.1. Global compressed natural gas market for light duty vehicles, 2014 – 2020 (Million Cubic Meters) (USD Billion)
  • 6.3. Medium/Heavy Duty Buses
    • 6.3.1. Global compressed natural gas market for medium/heavy duty buses,2014 – 2020 (Million Cubic Meters) (USD Billion)
  • 6.4. Medium/Heavy Duty Trucks
    • 6.4.1. Global compressed natural gas market for medium/heavy duty trucks, 2014 – 2020 (Million Cubic Meters) (USD Billion)
  • 6.5. Others
    • 6.5.1. Global compressed natural gas market for other applications, 2014 – 2020 (Million Cubic Meters) (USD Billion)

Chapter 7. Global Compressed Natural Gas Market – Regional Segment Analysis

  • 7.1. Global compressed natural gas market: Regional overview
    • 7.1.1. Global compressed natural gas market volume share, by region, 2014 and 2020
  • 7.2. North America
    • 7.2.1. North America compressed natural gas market volume, by source, 2014 – 2020, ( Million Cubic Meters)
    • 7.2.2. North America compressed natural gas market revenue, by source, 2014 – 2020, (USD Billion)
    • 7.2.3. North America compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
    • 7.2.4. North America compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.2.5.2. U.S. compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.2.5.3. U.S. compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.2.5.4. U.S. compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
  • 7.3. Europe
    • 7.3.1. Europe compressed natural gas market volume, by source, 2014 – 2020 (Million Cubic Meters)
    • 7.3.2. Europe compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
    • 7.3.3. Europe compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
    • 7.3.4. Europe compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
    • 7.3.5. Germany
      • 7.3.5.1. Germany compressed natural gas market volume, by source, 2014 – 2020, ( Million Cubic Meters)
      • 7.3.5.2. Germany compressed natural gas market revenue, by source, 2014 – 2020, (USD Billion)
      • 7.3.5.3. Germany compressed natural gas market volume, by application, 2014 – 2020, ( Million Cubic Meters)
      • 7.3.5.4. Germany compressed natural gas market revenue, by application, 2014 – 2020, (USD Billion)
    • 7.3.6. France
      • 7.3.6.1. France compressed natural gas market volume, by source, 2014 – 2020, ( Million Cubic Meters)
      • 7.3.6.2. France compressed natural gas market revenue, by source, 2014 – 2020, (USD Billion)
      • 7.3.6.3. France compressed natural gas market volume, by application, 2014 – 2020, ( Million Cubic Meters)
      • 7.3.6.4. France compressed natural gas market revenue, by application, 2014 – 2020, (USD Billion)
    • 7.3.7. UK
      • 7.3.7.1. UK compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.3.7.2. UK compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.3.7.3. UK compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.3.7.4. UK compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
    • 7.4.2. Asia Pacific compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
    • 7.4.3. Asia Pacific compressed natural gas market volume, by application, 2014 – 2020, ( Million Cubic Meters)
    • 7.4.4. Asia Pacific compressed natural gas market revenue, by application, 2014 – 2020, (USD Billion)
    • 7.4.5. China
      • 7.4.5.1. China compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.5.2. China compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.4.5.3. China compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.5.4. China compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
    • 7.4.6. Japan
      • 7.4.6.1. Japan compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.6.2. Japan compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.4.6.3. Japan compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.6.4. Japan compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
    • 7.4.7. India
      • 7.4.7.1. India compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.7.2. India compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.4.7.3. India compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.4.7.4. India compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
  • 7.5. Latin America
    • 7.5.1. Latin America compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
    • 7.5.2. Latin America compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
    • 7.5.3. Latin America compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
    • 7.5.4. Latin America compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
      • 7.5.5.2. Brazil compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
      • 7.5.5.3. Brazil compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
      • 7.5.5.4. Brazil compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)
  • 7.6. Middle East and Africa
    • 7.6.1. Middle East and Africa compressed natural gas market volume, by source, 2014 – 2020 ( Million Cubic Meters)
    • 7.6.2. Middle East and Africa compressed natural gas market revenue, by source, 2014 – 2020 (USD Billion)
    • 7.6.3. Middle East and Africa compressed natural gas market volume, by application, 2014 – 2020 ( Million Cubic Meters)
    • 7.6.4. Middle East and Africa compressed natural gas market revenue, by application, 2014 – 2020 (USD Billion)

Chapter 8. Company Profile

  • 8.1. Indraprastha Gas Limited
    • 8.1.1. Overview
    • 8.1.2. Financials
    • 8.1.3. Source portfolio
    • 8.1.4. Business strategy
    • 8.1.5. Recent developments
  • 8.2. National Iranian Gas Company
    • 8.2.1. Overview
    • 8.2.2. Financials
    • 8.2.3. Source portfolio
    • 8.2.4. Business strategy
    • 8.2.5. Recent developments
  • 8.3. OAO Gazprom
    • 8.3.1. Overview
    • 8.3.2. Financials
    • 8.3.3. Source portfolio
    • 8.3.4. Business strategy
    • 8.3.5. Recent developments
  • 8.4. NEOgas Inc.
    • 8.4.1. Overview
    • 8.4.2. Financials
    • 8.4.3. Source portfolio
    • 8.4.4. Business strategy
    • 8.4.5. Recent developments
  • 8.5. Trillium CNG
    • 8.5.1. Overview
    • 8.5.2. Financials
    • 8.5.3. Source portfolio
    • 8.5.4. Business strategy
    • 8.5.5. Recent developments
  • 8.6. GNVert
    • 8.6.1. Overview
    • 8.6.2. Financials
    • 8.6.3. Source portfolio
    • 8.6.4. Business strategy
    • 8.6.5. Recent developments
  • 8.7. China Natural Gas Inc.
    • 8.7.1. Overview
    • 8.7.2. Financials
    • 8.7.3. Source portfolio
    • 8.7.4. Business strategy
    • 8.7.5. Recent developments
  • 8.8. J-W Power Company
    • 8.8.1. Overview
    • 8.8.2. Financials
    • 8.8.3. Source portfolio
    • 8.8.4. Business strategy
    • 8.8.5. Recent developments
  • 8.9. Pakistan State Oil
    • 8.9.1. Overview
    • 8.9.2. Financials
    • 8.9.3. Source portfolio
    • 8.9.4. Business strategy
    • 8.9.5. Recent developments

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