Natural Gas Refueling Infrastructure Market

25 Feb

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Natural Gas Refueling Infrastructure Market Poised to Grow at a CAGR of 10% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Natural Gas Refueling Infrastructure. The report presents analysis of global as well as regional markets of natural gas refueling infrastructure over the period of 2016 to 2024. 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 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, large number of benefits such as low cost, non-toxic nature have 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 future. Application of natural gas as a transportation fuel in Asia Pacific offers many advantages such as supply security, reduced crude oil imports, and fuel subsidies, low cost of energy, and employment opportunities. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global natural gas refueling infrastructure but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


 

Get 15% discount for early purchase of global natural gas refueling infrastructure report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1566

 

The recent report identified that North America dominated the global natural gas refueling infrastructure over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the natural gas refueling infrastructure worldwide.


The report segments the global natural gas refueling infrastructure on the basis of Station Type and Applications.

 

Global Natural Gas Refueling Infrastructure by Station Type

·         CNG

·         LNG

 

Global Natural Gas Refueling Infrastructure by Applications

·         Transportation

·         Energy

·         Domestic Cooking Gas

 

Companies Profiled in the Report

·         Apache Corporation,

·         Blu LNG

·         Cryostar SAS

·         Trillium CNG

·         Gazprom

·         PETRONAS

·         Abu Dhabi National Oil Company

·         Indraprastha Gas Limited,

·         ENN Energy Holdings Limited

·         GNC Galileo

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.