New Report : Compressed Natural Gas Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018
Natural gas compressed to a pressure of 200-250 bars which results in 200-250 folds reduction in volume, is referred to as compressed natural gas. It is a colourless, odourless, highly flammable, and non-corrosive gaseous hydrocarbon. Natural gas is primarily composed of methane and ethane. It is stored and distributed in hard containers which are usually cylindrical or spherical in shape. CNG has emerged as an abundant, clean, and safe alternative fuel and produces 28% less CO2 and other greenhouse gases compared to petrol and other fuels. Owing to its eco-friendly nature, it is widely used as a fuel for transportation. In industrial settings CNG is the second most important source of energy after electricity; it is primarily consumed in paper and pulp, plastic, food processing, metal, glass, and petroleum refining industries.
Browse Report @ :http://www.transparencymarketresearch.com/compressed-natural-gas.html
A double digit growth has been witnessed in the CNG market during the last decade and it is expected to grow at the same rate over the next six years. The growing demand for CNG by the automotive industry is expected to drive the global market for CNG. The European and Asia-Pacific markets are likely to increase their CNG consumption and are expected to grow at a steady pace from 2012 to 2018. One of the major factors driving the global market for CNG is the cost benefit offered by CNG over other fuel types such as gasoline and diesel.
The global CNG vehicle market is expected to reach 19 million units by 2018. In order to decrease reliance on petrol, a non-renewable and rapidly depleting source, companies are continuously looking to shift their focus towards alternative sources of fuels. CNG, along with providing a clean solution, is also considered to be a more economical and feasible option compared to conventional fuels. Many countries adopted a legal norm of giving tax incentives for buying CNG vehicles, which in turn helps buyers to compensate for the higher prices of such vehicles.
Vehicles powered by CNG require lower maintenance and cause lesser environmental degradation, which in turn is driving its demand at a global level. Some of the major factors inhibiting the growth of the market include insufficient fuelling stations, the high cost for developing CNG based infrastructure, high operational costs, and the high cost of conversion. Natural gas extraction may also result in environmental consequences.
Some of the market players in this industry are Birla Power Solutions Ltd., Techlab Autogas Pvt. Ltd., Megatech Components Pvt. Ltd., Ark Pvt. Ltd., Axis Autogas, Chemotech Fabcon Pvt. Ltd, and Light Trading Company Ltd.,etc.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
Upcoming Market Research Reprts @ : http://www.transparencymarketresearch.com/energy-market-reports-3.html
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
About Us
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
Email: [email protected]
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).