|Market Research A to Z | Company Profiles A to Z | Register | Contact Us|
|+44 (0) 203 086 8600 Call us on|
The population of the global natural gas vehicle (NGV) market is projected to reach nearly 36 million units by 2018, driven by rapid adoption in developing nations of Asia, Middle East, and Latin America.
Natural gas is the fastest growing fossil fuel in the world, and its availability and environmental friendliness make natural gas the primary energy resource and a major raw material in the chemical and petrochemical industries, especially in industrialised parts of the world.
The International Association of Natural Gas Vehicles estimates that more than 11.2 million NGVs currently ply the roads globally, with an annual average 28% growth rate since 2000.
NGVs are fuelled either with compressed natural gas (CNG), which is delivered through the pipeline system, or liquefied natural gas (LNG), which is normally delivered by truck to the fuelling station. The fuel can be made available at public stations, private fleet facilities, or even homes where natural gas pipeline distribution is available.
Public natural gas stations have dispensers that are similar in design to typical gasoline or diesel dispensers and have comparable filling times. Private facilities are used by dedicated fleet(s) and are either fast-fill or time-fill (i.e., tanks are filled over an extended period of time).
In the United States, recent shale gas discoveries have generated renewed interest in using natural gas as a vehicular fuel, primarily in fleet applications, while outside the US, natural gas vehicle use has expanded significantly in the past decade.
NGV population is projected to witness high growth even in oil rich regions such as Iran, owing to constraints in refined fuel supply in the region. The Middle East region is forecast to witness the fastest growth in NGV population, followed by Asia-Pacific, and Europe, while Asia-Pacific currently accounts for the largest population of NGVs worldwide.
For more information on the global NGV market, see the latest research: Global NGV Market
Follow us on Twitter @CandMResearch
Do you need to track your competitors and customers on a continuous basis? We have the expertise to provide you with a cost-effective, fully customised competitor tracking portal, which collates data on your competitors on a continuous basis. Contact us for a free consultation and demonstration.
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website.
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.