Market Development : Natural Gas Refueling Stations Market Globally Grow at a CAGR of 4.17% by 2021

Natural gas is produced using conventional or renewable method. It is a clean-burning alternative fuel in the transportation sector and must be compressed or liquefied for use in vehicles. In most cases, CNG is supplied to the refueling stations via the existing natural gas distribution and is compressed at the station. LNG is cooled and stored in its liquid state and must be converted to gas again for use in vehicles. CNG is primarily used in light and medium vehicles and to some extent used in heavy-duty vehicles. CNG refueling stations are more common than LNG refueling stations. Since the use of LNG is limited but not restricted to long haul vehicles, fleet operators prefer having their own (private) LNG refueling infrastructure.

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Technavios analysts forecast the global natural gas refueling stations market to grow at a CAGR of 4.17% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global natural gas refueling stations market for 2017-2021. To calculate the market size, the report considers the compressors, CNG refueling equipment, fuel dispenser etc., and the market size has been estimated based on vendors that provide complete solutions and few other vendors of individual components..

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Natural Gas Refueling Stations Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Atlas Copco
Clean Energy Fuels
KWANGSHIN
Wayne Fueling Systems

Other prominent vendors
"O" Ring CNG Fuel Systems
Aerotecnica Coltri
ANGI Energy Systems (part of Gilbarco)
BAUER COMPRESSORS
Chicago Pneumatic
Cryostar (part of THE LINDE GROUP)
Cummins Westport
ENGIE
Honeywell
Ingersoll-Rand
Parker Hannifin
Siemens

Market driver
Demand for cleaner fuels
For a full, detailed list, view our report

Market challenge
Fall in oil prices
For a full, detailed list, view our report

Market trend
Increasing use of natural gas in transportation sector
For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/global-natural-gas-refueling-stations-market-2017-2021-report.html

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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