Global Natural Gas Refueling Stations Market Poised to Grow at a CAGR of 4.17% during 2017 – 2021

Albany, US, 2017-Oct-06 — /EPR Network/ —  In the arena of alternative fuels for transportation, natural gas has proven to be one of the most popular alternatives to traditional liquid fuels in many global markets, either in the form of compressed natural gas or liquefied natural gas. Since the burning of natural gas results in less emissions, there is a rise in it usage from the transportation sector. This will in turn, driving the need for natural gas refueling stations, and fueling market growth steadily. To further elaborate on this rapidly growing market, a study titled “Global Natural Gas Refueling Stations Market 2017-2021” has been broadcasted to the wide repository of Market Research Hub (MRH). The study presents a thorough overview of organic baby food market with key highlights to its growth prospects and upcoming opportunities for the period, 2017 to 2021. According to the study conclusions, the global natural gas refueling stations has witnessed increased adoption from the past few years, which is further anticipated to grow at a CAGR of 4.17% during the period 2017-2021.

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There aren’t many natural gas distributors today. The numbers are increasing as vehicles are making the switch to natural gas. It is a clean-burning alternative fuel in the transportation sector and must be compressed or liquefied for use in vehicles. This study provides a detailed analysis of the global natural gas refueling stations market with analysis of market size and growth.

In the market overview section, the study present a clear introduction to the natural gas fueling stations. It has been analyzed that CNG gas stations or natural gas stations offer compressed natural gas, commonly known as CNG, liquefied natural gas, or LPG, which are the best alternative to gasoline. The refueling process of natural gas depends on whether compressed natural gas (CNG) or liquefied natural gas (LNG) is being used. In most cases, CNG is supplied to the refueling stations via the existing natural gas distribution and is compressed at the station. Since the use of LNG is limited but not restricted to long haul vehicles, fleet operators prefer having their own (private) LNG refueling infrastructure.

In terms of geography, the study provides extensive market forecasts (2016-2021) by focusing on prime region/country and sub sectors. Regions highlighted in the report are Americas, EMEA and APAC. In APAC, the growing concerns over the rising air pollution and its impact on the health of the people is driving the need for adopting alternative fuels that are less harmful to the environment, which consequently helped the natural gas stations market. As per the study, APAC contributed to the maximum revenue to the market. Apart from the geographical segregation, the market has been analyzed on the basis of type and technology. Types include fast-fill and time-fill. Fast-fill stations are widely used in retail applications, where the refilling process is faster.

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Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Major trends observed by the study include increasing use of natural gas in transportation sector, government support for NGV infrastructure and increasing focus on energy security.

Moving further, the report provides a competitive landscape of the key players in the market. The section profiles key vendors including Atlas Copco, Wayne Fueling Systems, Clean Energy Fuels and KWANGSHIN.

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