Global Automotive Natural Gas Vehicle Market: 2019-2026

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Global Automotive Natural Gas Vehicle Market is expected to register a CAGR of xx % during the forecast period (2019 - 2026)

Globally, around 23 million vehicles are using natural gas and in the US more than 175000 vehicles are using natural gas as fuel. Natural gas is a good choice as a fuel, it gives high mileage, centrally fueled fleets offers similar fuel range for long routes. Natural gas is segmented into two fuel category compressed natural gas (CNG) and Liquefied natural gas (LNG). Liquefied natural gas offers a greater mileage than CNG as the LPG has more energy density. The advantages of natural gas are reduction in vehicle emission, better fuel economy, domestic availability reduces transportation cost, and cost-effective than petrol & Diesel.

The report covers the detailed analysis global automotive Natural Gas Vehicle with the classifications of the market on the fuel type, vehicle type and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The ...
... report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. The major country’s policies about the oil and gas industry and its impact on therapies service providers are covered in the report.

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Global Automotive Natural Gas Vehicle Market, Dynamics:

IEA (International Energy Agency) was established to promote energy security and several countries are part of this organization. The organization works to maintain a collective response on the distribution of oil supply to the member countries under the energy policy. In terms of emission, compared with a diesel vehicle, the natural gas-powered vehicle performed well in the heavy-duty vehicle segment. The Organisation for Economic Co-operation and Development (OECD) countries are taking initiatives to reduce carbon emission by implying new stringent norms and standards but many non-OECD countries adopted European or the US standards that are ten or more years ago.

Over the past ten years, the number of natural gas vehicles and natural gas stations is increased significantly, although it is still a small market from the global fuel consumption perspective, which is less than 1% of total global fuel consumption. The governments are taking key initiatives to increase the consumption of natural gas in vehicles to reduce carbon emissions. This is expected to increase natural gas consumption share in the forecast period.

The use of natural gas as a fuel in vehicle effectively reduce CO2 emission, but this is not only a limit. There is a very low CO2 gas source like biogas or bio-synthetic gas. Natural gas use is very important in the case of Heavy-duty vehicles to reduce CO2 emission as electrification is limited in this segment.
The technology needed for the application of natural gas in a vehicle is affordable and easily available in the market compared to other alternative fuel-powered vehicles.

Natural gas has a strong impact on the different countries such as improving air quality, reducing noise pollution, reducing oil consumption, improving energy security also it reduces the government spending on fuel subsidies.

Compressed natural gas (CNG) holds a major market share in 2019 and is expected to grow at a CAGR of xx% during the forecast period. Compressed natural gas (CNG) is mainly composed of methane (CH4). The increasing development of automotive emission standards is expected to grow the application of natural gas vehicles. The CNG segment is expected to reach US$ XX Mn by 2026. Other segments are covered in the report with the application, drivers, regional market size, share, and condition.

Market developmentOver the past decade use of natural gas in the vehicle has grown by xx million units, although as per current road transport condition the natural gas market is very small and limited to few countries. The countries with the highest level of market development are Argentina, Brazil, India, Iran, and Pakistan. The vehicle up-gradation is especially done outside the Europe region, as the OEM installed products are mostly preferred in Europe.

The objective of the report is to present a comprehensive analysis of the Global Automotive Natural Gas Vehicle Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Automotive Natural Gas Vehicle Market dynamics, structure by analyzing the market segments and project the Global Automotive Natural Gas Vehicle Market size. Clear representation of competitive analysis of key players By Fuel Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Natural Gas Vehicle Market make the report investor’s guide.
Global Automotive Natural Gas Vehicle Market, Key Highlights:

• Global Automotive Natural Gas Vehicle Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Automotive Natural Gas Vehicle Market

• Global Automotive Natural Gas Vehicle Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Automotive Natural Gas Vehicle Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Automotive Natural Gas Vehicle Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Automotive Natural Gas Vehicle Market are also profiled.

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Global Automotive Natural Gas Vehicle Market: Scope Inquire before buying

Global Automotive Natural Gas Vehicle Market Key Player

• Ford motors
• Peugeot
• Volvo
• BMW
• Proton
• Opel
• Mercedes
• Volkswagen
• General motors etc.
• Agility Fuel Solutions
• AB Volvo
• Beiqi Foton Motor Co., Ltd.
• CNH Industrial N.V.
• Clean Energy Fuels
• Cummins, Inc.
• PACCAR, Inc.
• Navistar, Inc.
• Quantum Fuel Systems LLC
• Audi AG
• Westport Fuel Systems Inc.

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