What is the Current Market Scenario of Global "Natural Gas Refueling Infrastructure Market"?

Infinium Global Research added Latest Research Report titled “Natural Gas Refueling Infrastructure Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.

The main objective of this report is to define, describe, and forecast the global “Natural Gas Refueling Infrastructure” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

Increase in number of natural gas vehicles to promote growth in the Natural Gas Refueling Infrastructure market

The use of natural gas as a vehicular fuel is expected to reduce the dependence of countries on the imports of crude oil. Thus, the use of natural gas as vehicular fuel appreciates support from the governments of various countries. This is also expected to increase the number of natural gas vehicles, which in turn is expected to drive the natural gas refueling infrastructure market. Moreover, large number of benefits such as low cost, non-toxic nature have large demand for natural gas as a vehicular fuel.

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On the other hand, governments of various countries are promoting the use of clean fuel (in vehicles) by reducing the fuel duty on cleaner fuels such as LNG and CNG. Natural gas vehicles (NGVs) are similar to gasoline or diesel vehicles with regard to power, acceleration, and cruising speed. The driving range of NGVs is generally less than that of comparable gasoline and diesel vehicles because, with natural gas, less overall energy content can be stored in the same size tank. This in turn is fuelling the growth of the natural gas refueling infrastructure market. Furthermore, the use of natural gas is safer for the environment and human health as it does not emit harmful gases, which is the case with petrol and diesel. This is expected to create lucrative opportunities for the global natural gas refueling infrastructure market in the coming years.

Fastest Growing region to contribute to growth in the global Natural Gas Refueling Infrastructure market

North America dominated the natural gas refueling infrastructure market due to the availability of huge natural gas reserves in this region. With the strong support from the Government of China and active participation from industry players, high demand for natural gas refueling infrastructure can be anticipated in future. Application of natural gas as a transportation fuel in Asia Pacific offers many advantages such as supply security, reduced crude oil imports, and fuel subsidies, low cost of energy, and employment opportunities.

Refueling infrastructure for passenger natural gas vehicles to be expanded in Moscow

In June 2017-The Agreement was aimed at developing and implementing investment projects for the construction of refueling infrastructure for passenger natural gas vehicles, as well as increasing the number of gas-powered buses in Moscow.

Calvera and Naturgy team up to launch first mobile refueling unit in Europe

In July 2018-, Calvera and Naturgy developed the mobile refueling units in conjunction with companies Altare Energia and Cetil. These new mobile units can be used to refuel existing gas refilling stations that can be offloaded, either singly or in multiples, to create a standalone refueling facility wherever required.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global natural gas refueling infrastructure. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of natural gas refueling infrastructure. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the Natural Gas Refueling Infrastructure Market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the Natural Gas Refueling Infrastructure Market to understand the present and future trends in this market and formulate their strategies accordingly.

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