LNG Fueling Station Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Demand for clean fuel vehicles running on natural gas is gaining momentum due to the rise in concern about environment protection. Governments across the world are promoting the usage of natural gas vehicles owing to the increase in greenhouse gas emissions. Currently, compressed natural gas (CNG) is the primarily used form of natural gas in vehicles worldwide. This gas is compressed at high pressures of about 200 bars and is then dispensed into the CNG tanks of vehicles. CNG is used largely in light duty vehicles, cars, and buses. It is generally not used for heavy duty transport vehicles. About 5 liters of CNG is equivalent to 1 liter of diesel. This makes it useless for long distance heavy duty trucks owing to the high volume and the weight of CNG. This paves the way for liquefied natural gas (LNG) for usage in vehicles.
LNG is natural gas that has been liquefied at a temperature of -161 °C. Its volume is about 1/600 times that of natural gas. LNG as transportation fuel would decrease cost and carbon emission when compared to its crude oil alternatives. LNG fueling stations are gradually gaining popularity as they possess higher energy density than CNG, higher volume of natural gas, and their storage requires highly insulated tank owing to low temperatures. Hence, LNG is suited for long distance heavy duty vehicles. Since LNG as a fuel are best suited for heavy-duty vehicles hence while developing LNG fueling stations special care must be taken for accommodation of these vehicles.
In terms of type of station, the LNG fueling station market can be bifurcated into permanent station and mobile station. Permanent stations are akin to any other fuel stations where dispensers are fixed and firmly attached to the ground and LNG is stored in storage tanks. It is dispensed into the vehicles through fuel dispensers. Under the mobile station type, an LNG tanker with a side mounted LNG dispenser attached to it is utilized. This type of fueling station can serve various small fleet of vehicles and can also be used for emergency refueling of vehicle.
Based on application, the LNG fueling station market can be classified into vehicles and ship. The vehicles application segment consists of automobiles running on LNG. These are primarily heavy duty vehicles and other vehicles utilizing LNG as fuel source. The ship application segment comprises ships and barges running on LNG.
In terms of region, the LNG fueling station market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, followed by North America. This dominance in the market by Asia Pacific is primarily due to the large number of LNG fuel stations in China. The LNG fueling station market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase in demand for natural gas as a cleaner alternative for other fossil fuels and rise in number of heavy duty vehicles in the region.
Key companies operating in the LNG fueling station market include Cryostar, Clean Energy Fuels, ENN Energy Holding, Kunlun Energy Company Limited, FortisBC, ENGIE, Sinopec, CNOOC, and Natural Gas Vehicles for America.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsSilanes Market - Global Industry Analysis and Opportunity Assessment, 2020-2030