A recent report published by Infinium Global Research on natural gas refueling infrastructure market provides an in-depth analysis of segments and sub-segments in global as well as regional natural gas refueling infrastructure. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional natural gas refueling infrastructure market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global natural gas refueling infrastructure. According to a report the global natural gas refueling infrastructure market is projected to grow at a CAGR of 10% over the forecast period of 2018-2024.

Market Insight

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 has 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.

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.

Segment Covered

The report on global natural gas refueling infrastructure market covers segments such as station type 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.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global natural gas refueling infrastructure market such 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.

Report Highlights:

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, IGR-Growth Matrix analysis given in the report brings 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 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.