CNG Compressor Market Scope:
CNG Compressor Market share is expected to surpass USD 5,072.6 Million by 2030, with a 5% CAGR during the forecast period, 2022-2030.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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However, experts remain hopeful as the CNG compressor market is set to perform decently in the coming years despite of the prevalent crisis worldwide. The mounting number of vehicles using CNG and the widespread demand for CNG transportation via pipelines is one of the chief growth inducers in the global market. The CNG compressor market also benefits from the increasing awareness regarding the multifold advantages of CNG’s use in fueling applications, including provision of cleaner combustion compared to diesel or petrol and its extraction at lower rates.
Apart from the OEMs like Ford, GM, Volvo, Fiat and Audi that offer light, medium, as well as heavy vehicles, the renowned players across the automotive industry such as Ford and GM also offer their customers with natural gas conversion systems that are easily installable without the voiding of the warranty. Apart from this, governments across the globe are pushing commercial fleet operators to extensively use natural gas vehicles to carry out a variety of operations. For instance, the government in China has carried out several initiatives that help promote and boost green transportation across 100 cities, which helps drive the demand for CNG and ultimately, for CNG compressors.
Market Segmentation
The CNG compressor industry has been considered for technology as well as application.
The types of technology included in the market review are positive displacement and dynamic.
The applications-dependent market segmentation comprises residential, transportation and industrial. The transportation sector can lead the CNG compressors market in the near future, and remain the top revenue generator throughout the appraisal timeline because of the rampant demand for fleet vehicles that run on CNG.
Regional Study
The regional study of the CNG compressor market comprises North America, Europe, Asia Pacific or APAC, and Rest of the World or RoW.
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Top Market Contenders
Top market contenders listed in the report are Atlas Copco (Sweden), Ariel Corporation (U.S.), Elliott Company (U.S.), Associated Compressor Engineers (U.K), C&B Pumps and Compressors, LLC. (U.S.), Gas Compressor Consultants Inc (U.S.), Bauer Compressors Inc. (U.S.), C&B Pumps and Compressors, CIMC Enric (China), GE Oil & Gas (U.S.), Kobelco Compressors America, Inc. (U.S.), J-W Energy Company (U.S.), P C Mc Kenzie C (U.S.), to mention a few.
Table Of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Landscape
5 Market Dynamics
