Compressed Natural Gas and Liquefied Natural Gas Vehicle Market

LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately ?162 ?C (?260 ?F); maximum transport pressure is set at around 25 kPa (4 psi ).


Compressed natural gas is a kind of natural gas used as a fuel. As an alternative energy source for petroleum, it is a much safer option among environmentally friendly clean fuels than other fuels when they leak. Generally, compressed natural gas is used to reduce the volume pressure to 1% of standard atmospheric pressure. Stored in a cylindrical or spherical pressure vessel at 2900-3600 psi. As long as the traditional gasoline internal combustion engine vehicles converted into dual-fuel vehicles can use natural gas, they are more compatible with existing equipment than other energy sources.
Compressed Natural Gas and Liquefied Natural Gas Vehicle Market contains market size and forecasts of Compressed Natural Gas and Liquefied Natural Gas Vehicle in global, including the following market information:
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Compressed Natural Gas and Liquefied Natural Gas Vehicle companies in 2021 (%)
The global Compressed Natural Gas and Liquefied Natural Gas Vehicle market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
CNG Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Toyota, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Compressed Natural Gas and Liquefied Natural Gas Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, by Type, 2021 (%)
CNG Vehicle
LNG Vehicle
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, by Application, 2021 (%)
Home Use
Commercial Use
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle revenues share in global market, 2021 (%)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Compressed Natural Gas and Liquefied Natural Gas Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Toyota
Iran Khodro
Volvo Group
PSA
Mercedes-Benz
Great Wall Motors