This report studies the CNG and LPG Vehicle market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with vehicles powered by propane (LPG), which is a fuel with a fundamentally different composition.
In a natural gas powered vehicle, energy is released by combustion of essentially Methane gas (CH4) fuel with Oxygen (O2) from the air to CO2 and water vapor (H2O) in an internal combustion engine. Methane is the cleanest burning hydrocarbon and many contaminants present in natural gas are removed at source.
The global CNG and LPG Vehicle market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The leading players include following list:
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