Analysis, Competitive landscape And Depth Report of Compressed Natural Gas Market 2017 - 2025 - Credence Research
The latest market report published by Credence Research, Inc. “ Compressed Natural Gas Market Size , By Source, By Application and By Geography- Growth, Future Prospects and Competitive Analysis, 2016 - 2024,” the global compressed natural gas (CNG) market was valued at US$ 69.1 Bn in 2016, and is expected to each US$ 154.1 Bn by 2024, expanding at a CAGR of 10.5% from 2016 to 2024. Market Insights Global compressed natural gas (CNG) market is projected to witness high growth over the forecast period. Increasing adoption of CNG as alternative fuel to gasoline and diesel due to increasing fuel efficiency of the vehicles is projected to encourage the use of CNG as vehicle fuel. Further, favorable government initiatives such as subsidies especially in key consuming economies of Asia Pacific such as China, and India to promote the use of CNG due to its low greenhouse gases emission properties is projected to fuel the demand for the CNG over the forecast period. Browse the full Co...