The Compressed Natural Gas Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Compressed Natural Gas Market?
The global market for compressed natural gas has expanded quickly in the past. From a value of $187.95 billion in 2024, it is expected to grow to $213.29 billion in 2025, with a compound annual growth rate (CAGR) of 13.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Compressed Natural Gas Industry?
By 2029, the compressed natural gas market is projected to reach a size of $340.2 billion. This represents a compound annual growth rate (CAGR) of 12.4%.
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What are the Key Growth Drivers Fueling the Compressed Natural Gas Market?
The key drivers in the compressed natural gas market are:
• Rising global demand for clean energy
• Increase in the development and use of renewable natural gas (RNG)
• Implementation of governmental initiatives promoting sustainable mobility
• Expansion of Compressed Natural Gas infrastructure and urban air quality initiatives.
Global Market Segmentation: Identifying Major Compressed Natural Gas Industry Segments
The compressed natural gas market covered in this report is segmented –
1) By Type: Non-Associated Gas, Associated Gas, Unconventional Sources
2) By Product Type: Dedicated Fuel, Bi-Fuel, Dual Fuel
3) By Application: Light Passenger Vehicles, Medium or Heavy Duty Vehicles, Other Applications
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What are the Emerging Trends Shaping the Future of the Compressed Natural Gas Market?
The key trends in the compressed natural gas market are:
• Advancements in CNG storage technology are a key emerging trend.
• Technological advancements in CNG vehicles shape the future of the market.
• Infrastructure development within the CNG sector is becoming increasingly significant.
• The growth in natural gas vehicles (NGV) is a notable upcoming trend.
Who Are the Top Competitors & Leading Players in the Compressed Natural Gas Market?
Major companies in the compressed natural gas market are:
• Royal Dutch Shell plc
• TotalEnergies SE
• Chevron Corporation
• Phillips 66 Company
• PJSC Gazprom
• ConocoPhillips Company
• Parker Hannifin Corporation
• Trillium Energy Partners LLC
• Chart Industries Inc.
• Cavagna Group SpA
• NeoGas Inc.
• Luxfer Holdings plc
• Clean Energy Fuels Corp.
• J-W Power Company
• Hexagon Composites ASA
• Oasis Engineering Ltd.
• Agility Fuel Solutions LLC
• Galileo Technologies S.A.
• Xebec Adsorption Inc.
• ANGI Energy Systems LLC
• NG Advantage LLC
• TGT Fuel Technologies Private Limited
• National Iranian Gas Company
• Pakistan State Oil Company Limited
• Quantum Fuel Systems LLC
• Compressed Natural Gas Services Ltd.
• Tomasetto Achille S.p.A.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the compressed natural gas market in 2024
