Global CNG Compressor Aftermarket 2017-2021

Overview of the CNG compressor aftermarket

Technavio’s market research analysts have predicted that the global CNG compressor aftermarket will witness slow paced growth at a CAGR of more than 2% during the forecast period. With the growing use of CNG as fuel, the CNG compressor aftermarket is anticipated to have a positive outlook in the coming years. The transportation sector alone contributed about 14% of the total GHG emissions from all sector during 2014. Since GHG emissions have adverse effects on the environments, the governments of most countries are taking initiatives to curb the widespread pollution from vehicles by replacing gasoline and diesel with CNG in the transportation sector. Moreover, CNG has several other advantages over conventional fuels including low cost, reduced the maintenance cost of vehicles, and enhanced performance of vehicles. These factors are expected to propel the demand for CNG vehicles, which will., in turn, will boost the CNG compressor aftermarket growth over the next four years.

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

One of the recent CNG compressor aftermarket trends gaining traction in the market is the increasing adoption of natural gas vehicles. Natural gas has the potential to contribute significantly toward natural gas mitigation and increasing natural gas infrastructure developments is expected to propel this market’s growth. Governments in various countries actively support the development of NGV fueling stations. In the US, CNG and LNG are considered as alternate fuels. Moreover, the government provides 30% tax credit for natural gas refueling equipment that has been installed between January 2015 and December 31, 2016. This support will help in reducing the overall investment. Furthermore, the governments of several countries, especially Iran, is encouraging the private sector to construct natural gas stations by providing incentives such as subsidies for CNG while decreasing them for gasoline and diesel. This initiative is expected to boost the demand for CNG fuelling stations, which will eventually increase the CNG compressor aftermarket size over the next four years.

Competitive landscape and key vendors

The global CNG compressor aftermarket comprises several international and local vendors that provide products that offer efficiency, reliability, and variety to keep up with the demand. CNG compressor manufacturers are the key vendors in the market as they also provide maintenance services as a part of their after-sales services for a period of time. According to CNG compressor aftermarket industry analysis, it is imperative for the vendors in the gas compressor market to comply with design, manufacturing, repair, and installation guidelines of the country they want to operate in. Any failure in processing will lead to excess emission and may also damage components in CNG compressors.

Key vendors in this market are -

• Ariel Corporation
• Atlas Copco
• BAUER Compressors
• Clean Energy Compression
• Ingersoll Rand

The other prominent vendors in the market are J-W Energy Company, Fornovo Gas, Natural Gas Compression Systems, John Energy, Natural Gas Services Group, Sopan O&M, CSI Compressco, Diversified Industrial Service Company, ANGI Energy Systems, Everflo Compression, Kodiak Gas Services, Deep Industries, Chicago Pneumatic, and Cryostar.

Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo

Geographical segmentation and analysis of the CNG compressor aftermarket

• Americas
• APAC
• EMEA

In terms of geography, the APAC region led the market by capturing the largest CNG compressor aftermarket share during 2016 and will continue to lead the market in the coming years. APAC is the leading and the fastest growing region for natural gas refueling stations. The high dependence on fossil fuels and increased pollution levels in countries such as India, China, and Pakistan have prompted governments in these countries to support the use of natural gas over gasoline and diesel. Moreover, with the upcoming launches of several LNG stations in China and other parts of APAC, the gas compressor aftermarket in APAC will witness accelerated growth until the end of 2021.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global CNG compressor aftermarket?
• What are the key market trends impacting the growth of the global CNG compressor aftermarket?
• What are the challenges to market growth?
• Who are the key vendors in the global CNG compressor aftermarket?
• What are the market opportunities and threats faced by the vendors in the global CNG compressor aftermarket?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global CNG compressor aftermarket?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch