Global CNG Compressors Market 2016-2020

Below are some of the key findings from this CNG compressors market research analysis

Global CNG compressors market outlook

Technavio’s market research analysts predict the global CNG compressors market to grow steadily during the forecast period and post a CAGR of more than 4% by 2020. This industry research report identifies the increased use of natural gas vehicles to be one of the major factors that will have a positive impact on the growth of the natural gas compression systems market in the coming years. Owing to benefits such low operating costs and reduced vehicular emissions, there will be an increased adoption of natural gas vehicles in the passenger car segment and commercial fleets. In addition to OEMs such as GM, Ford, Fiat, Volvo, and Audi offering light, medium, and heavy vehicles, leading players in the automotive industry such as GM and Ford also certify natural gas conversion systems, that can be installed without voiding the warranty. Moreover, the governments of several countries will also induce commercial fleet operators to start operating natural gas vehicles. For instance, the Chinese government has already started initiatives to promote and implement green transportation in 100 cities in the country. This increasing usage of natural gas vehicles will demand the construction of CNG fuel stations, which in turn, will drive the growth of the natural gas compressors market.

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One of the major trends that will gain traction in the natural gas compression systems market is the increased use of CNG in two-wheelers. The increased sales of two-wheelers in countries in the APAC especially India will create the demand for alternative fuel options in two-wheelers as well. The use of CNG in two-wheelers is economical and safe, and initiatives from the governments such as the approval of the CNG kits used by Honda in its Activa scooters by the Automotive Research Association of India (ARAI) will increase the adoption of CNG in two-wheelers in the coming years.

Competitive landscape and key vendors

The market is characterized by the presence of several well-established global vendors and small regional players. Since all CNG compressor manufacturers compete to increase their revenue shares, the competitive environment among the market players is intense. The major players such as Atlas Copco, Ariel Corporation, BAUER Compressors, Clean Energy Compression, and Ingersoll Rand account for the major revenue shares and dominate the market. The use of natural gas as a fuel for automobiles has exponentially increased the demand for natural gas stations across the globe. To meet the increasing demand and gain a competitive edge over their competitors, natural gas compressor manufacturers are focusing on providing products that offer increased efficiency and reliability. 

The leading vendors in the market are -

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

The other prominent vendors in the market are Aerotecnica Coltri, ANGI Energy Systems, Chicago Pneumatic, Cryostar, Galileo Technologies, GreenLine Fuel, and Siemens.

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Geographical segmentation and analysis of the CNG compressors market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, APAC was the major revenue contributor to the CNG compressors market during 2015. Factors such as the increased dependence on fossil fuels and the rising pollution levels will induce the governments of several countries in the region especially India, China, and Pakistan, to encourage the use of natural gas over gasoline and diesel, in turn, propelling the growth of the market. According to analysts, this region will continue to dominate the market throughout the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global CNG compressors market?
• What are the key market trends impacting the growth of the global CNG compressors market?
• What are the challenges to market growth?
• Who are the key vendors in the global CNG compressors market?
• What are the market opportunities and threats faced by the vendors in the global CNG compressors market?
• 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 compressors market

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