Compressed Natural Gas (CNG) Market - 44% of Growth to Originate from APAC | Evolving Opportunities with CNG Fuels Ltd & Gazprom|17000+ Technavio Reports

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The "Compressed Natural Gas (CNG) Market - Competitive Analysis, Drivers, Trends, Challenges, Five Force Analysis" report has been added to Technavio's offering. 44% of the growth will originate from APAC for the compressed natural gas market. Iran (Islamic Republic of Iran), Pakistan, China, and Argentina are the key markets for the compressed natural gas (CNG) market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The demand for clean fuel such as CNG and the development of infrastructure to support the adoption of CNG as a transportation fuel will facilitate the compressed natural gas (CNG) market growth. The compressed natural gas (CNG) market value is set to grow by USD 6.92 billion from 2020 to 2025, progressing at a CAGR of 6.20% as per the latest market report by Technavio.

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Market Dynamics

Factors such as an increase in the number of CNG vehicles and the increase in government support for the adoption of CNG will drive the growth of the Compressed Natural Gas (CNG) Market. However, fluctuation in oil and gas prices might hamper market growth.

Company Profiles

The compressed natural gas (CNG) market is fragmented and the vendors are deploying growth strategies such as focusing on improving their production capacity to compete in the market. The compressed natural gas (CNG) market report includes information on the product launches, sustainability, and prospects of leading vendors including Chevron Corp., CNG Fuels Ltd., E.ON SE, ENGIE SA, Gazprom, Gujarat Gas Ltd., Indraprastha Gas Ltd., Royal Dutch Shell Plc, TotalEnergies SE, and Trillium Transportation Fuels LLC.

Few Companies with key Offerings

• CNG Fuels Ltd - The company offers compressed natural gas that develops, owns, operates CNG refueling infrastructure and renewable biomethane that provides CNG directly to transport customers at our infrastructure as well as to customers looking for off-grid solutions, under the brand name of CNG Fuels Ltd.
• E.ON SE - The company offers compressed natural gas that produces and distributes electricity, gas, heat which provides electricity from onshore and offshore wind farms, solar PV, and energy storage sources, under the brand name of E.ON SE.
• ENGIE SA - The company offers compressed natural gas that includes energy transition, electricity generation, distribution, natural gas, nuclear, renewable energy, and petroleum, under the brand name ENGIE SA.
• Gazprom - The company offers compressed natural gas that includes geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power, under the Gazprom.
• Gujarat Gas Ltd. - The company compressed natural gas that provides natural gas, CNG, LNG, vehicular fuel, energy transition, electricity generation, distribution, nuclear, renewable energy, petroleum, and other gaseous forms, under the brand name of Gujarat Gas Ltd.
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Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Application, the market is classified into LDV, MDV, and HDV.
• By Geography, the market is classified as APAC, MEA, South America, Europe, and North America.

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Table of Content

1. Executive Summary                           

                1.1 Market Overview

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 08:  Parent market

                                Exhibit 09:  Market characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value Chain Analysis: Oil and gas exploration and production market

                                2.2.1 Inputs

                                2.2.2 Operations

                                2.2.3 Outbound logistics

                                2.2.4 End-users

                                2.2.5 Industry innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                Exhibit 13:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 14:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15:  Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                                Exhibit 16:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition - Five forces 2020

5. Market Segmentation by Application                       

                5.1 Market segments

                                The segments covered in this chapter are:

• LDV
• MDV and HDV

                                Exhibit 22:  Application - Market share 2021-2026 (%)

                5.2 Comparison by Application             

                                Exhibit 23:  Comparison by Application

                5.3 LDV - Market size and forecast 2020-2025 

                                Exhibit 24:  LDV - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 25:  LDV - Year-over-year growth 2020-2025 (%)

                5.4 MDV and HDV - Market size and forecast 2020-2025            

                                Exhibit 26:  MDV and HDV - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 27:  MDV and HDV - Year-over-year growth 2020-2025 (%)

                5.5 Market opportunity by Application              

                                Exhibit 28:  Market opportunity by Application

6. Customer landscape                         

  Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                6.1 Overview

                                Exhibit 29:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

• APAC
• MEA
• South America
• Europe
• North America

                                Exhibit 30:  Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 31:  Geographic comparison

                7.3 APAC - Market size and forecast 2020-2025              

                                Exhibit 32:  APAC - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 33:  APAC - Year-over-year growth 2020-2025 (%)

                7.4 MEA - Market size and forecast 2020-2025               

                                Exhibit 34:  MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 35:  MEA - Year-over-year growth 2020-2025 (%)

                7.5 South America - Market size and forecast 2020-2025           

                                Exhibit 36:  South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 37:  South America - Year-over-year growth 2020-2025 (%)

                7.6 Europe - Market size and forecast 2020-2025          

                                Exhibit 38:  Europe - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 39:  Europe - Year-over-year growth 2020-2025 (%)

                7.7 North America - Market size and forecast 2020-2025           

                                Exhibit 40:  North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 41:  North America - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 42:  Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 43:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Increase in the number of CNG vehicles

                                8.1.2 Increase in the demand for cleaner fuel

                                8.1.3 Increase in government support for the adoption of CNG

                8.2 Market challenges              

                                8.2.1 Fluctuation in oil and gas prices

                                8.2.2 Competition to CNG from other transportation fuels

                                8.2.3 Infrastructural requirements to support CNG as a fuel

                                Exhibit 44:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Increase in supply of natural gas

                                8.3.2 Increasing government support for the development of CNG infrastructure

                                8.3.3 Technological advances in the CNG market

9. Vendor Landscape                             

                9.1 Overview

                                Exhibit 45:  Vendor landscape

                9.2 Landscape disruption        

                                Exhibit 46:  Landscape disruption

                                Exhibit 47:  Industry risks

                9.3 Competitive scenario        

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 48:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 49: Market positioning of vendors

                10.3 Chevron Corp.   

                                Exhibit 50:  Chevron Corp. - Overview

                                Exhibit 51:  Chevron Corp. - Business segments

                                Exhibit 52:  Chevron Corp.– Key news

                                Exhibit 53:  Chevron Corp. - Key offerings

                                Exhibit 54:  Chevron Corp. - Segment focus

                10.4 CNG Fuels Ltd.   

                                Exhibit 55:  CNG Fuels Ltd. - Overview

                                Exhibit 56:  CNG Fuels Ltd. - Product and service

                                Exhibit 57:  CNG Fuels Ltd. - Key offerings

                10.5 E.ON SE

                              Exhibit 58:  E.ON SE - Overview

                              Exhibit 59:  E.ON SE - Business segments            

                              Exhibit 60:  E.ON SE-  Key news

                              Exhibit 61:  E.ON SE - Key offerings        

                              Exhibit 62:  E.ON SE - Segment focus    

                10.6 ENGIE SA              

                                Exhibit 63:  ENGIE SA - Overview

                                Exhibit 64:  ENGIE SA - Business segments

                                Exhibit 65:  Engie SA – Key news

                                Exhibit 66:  ENGIE SA - Key offerings

                                Exhibit 67:  ENGIE SA - Segment focus

                10.7 Gazprom              

                                Exhibit 68:  Gazprom - Overview

                                Exhibit 69:  Gazprom - Business segments

                                Exhibit 70:  Gazprom - Key offerings

                                Exhibit 71:  Gazprom - Segment focus

                10.8 Gujarat Gas Ltd.

                                Exhibit 72:  Gujarat Gas Ltd. - Overview

                                Exhibit 73:  Gujarat Gas Ltd. - Business segments

                                Exhibit 74:  Gujarat Gas Ltd. - Key offerings

                10.9 Indraprastha Gas Ltd.      

                                Exhibit 75:  Indraprastha Gas Ltd. - Overview

                                Exhibit 76:  Indraprastha Gas Ltd. - Business segments

                                Exhibit 77:  Indraprastha Gas Ltd. - Key offerings

                                Exhibit 78:  Indraprastha Gas Ltd. - Segment focus

                10.10 Royal Dutch Shell Plc    

                                Exhibit 79:  Royal Dutch Shell Plc - Overview

                                Exhibit 80:  Royal Dutch Shell Plc - Business segments

                                Exhibit 81:  Royal Dutch Shell Plc - Key news

                                Exhibit 82:  Royal Dutch Shell Plc - Key offerings

                                Exhibit 83:  Royal Dutch Shell Plc - Segment focus

                10.11 TotalEnergies SE             

                                Exhibit 84:  TotalEnergies SE - Overview

                                Exhibit 85:  TotalEnergies SE - Business segments

                                Exhibit 86:  TotalEnergies SE - Key news

                                Exhibit 87:  TotalEnergies SE - Key offerings

                                Exhibit 88:  TotalEnergies SE - Segment focus

                10.12 Trillium Transportation Fuels LLC.           

                                Exhibit 89:   Trillium Transportation Fuels LLC. - Overview

                                Exhibit 90:   Trillium Transportation Fuels LLC. - Product and service

                                Exhibit 91:  Trillium Transportation Fuels LLC – Key news

                                Exhibit 92:   Trillium Transportation Fuels LLC. - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 93:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 94:  Research Methodology

                                Exhibit 95:  Validation techniques employed for market sizing

                                Exhibit 96:  Information sources

                11.4 List of abbreviations        

                                Exhibit 97:  List of abbreviations

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