Natural Gas Refueling Stations Market Forecasts Report 2016-2020

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The market research analyst has estimated the global market for natural gas refueling stations to grow at a moderate CAGR of more than 4% during the forecast period. Concerns regarding rising GHG emissions and the growing need for cleaner energy sources will aid in the growth of this market during the estimated period. Natural gas is a clean and affordable alternative to fossil fuels like diesel, gasoline, and fuel oil. It is used in the form of compressed natural gas (CNG) or liquefied natural gas (LNG) and offers advantages like low wheel-to-wheel GHG emissions and low particulate emission levels. Complete report available @ http://www.reportsnreports.com/reports/495280-global-natural-gas-refueling-stations-market-2016-2020.html

An important factor that will impel the prospects for growth in this market is the augmented utilization of natural gas in the transportation sector. Due to the advent of stringent emission norms, which aims to reduce the NOx, SOX, and particulate matter emission levels, many companies in the transportation sector have started considering natural gas as an alternative to diesel-powered vehicles. Benefits such as reduced harmful emissions and lower fuel prices will lead to its increased adoption during the estimated period.

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Technological segmentation of the natural gas refueling stations market

CNG
LNG

In this market study, analysts have estimated the CNG segment to account for an impressive market share of more than 81% by 2020. CNG is a popular fuel for passenger vehicles as it is easier to store in vehicles. Since it is cheaper than gasoline, LNG, and diesel, it is an ideal choice for the urban fleet. The inherent benefits of CNG over other fuels have resulted in a rise in the number of CNG vehicles in urban areas. This increase in the number of CNG vehicles will, in turn, spur the demand for CNG refueling stations.

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Geographical segmentation of the natural gas refueling stations market

Americas
APAC
EMEA

In this segmentation analysis, it was observed that the APAC region was the largest market for natural gas refueling stations during 2015. Factors such as the high dependence on fossil fuels and increased pollution levels in countries like India, China, and Pakistan have prompted the governments of these countries to support the use of natural gas over gasoline and diesel. Comprehensive market analysis carried out by the analysts has shown that the market in this region will grow at a CAGR of more than 5% until 2020.
Competitive landscape and key vendors

The global natural gas refueling stations market is fragmented due to the presence of vendors that provide complete solutions and those that specialize in manufacturing specific components. In this market, the vendors are continuously innovating and developing better components for gas stations as it enables safe and fast refueling process, with minimal fuel leak into the atmosphere.

Key vendors in the market are -

Atlas Copco
Clean Energy Compression
KwangShin
Wayne Fueling Systems

Other prominent vendors analyzed in this market study are ANGI Energy Systems, Cryostar, GreenLine Fuel, Ingersoll Rand, and Siemens.
Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global natural gas refueling stations market?
What are the key market trends impacting the growth of the global natural gas refueling stations market?
What are the challenges to market growth?
Who are the key vendors in the global natural gas refueling stations market?
What are the market opportunities and threats faced by the vendors in the global natural gas refueling stations market?
What are the trending factors affecting the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global natural gas refueling stations market?

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