Natural Gas Refueling Stations Market by Technology, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR41163
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The natural gas refueling stations market share is expected to increase by 8532.48 units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.41%.

This natural gas refueling stations market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (CNG and LNG), Type (fast-fill stations and time-fill stations), and geography (APAC, North America, Europe, MEA, and South America). The natural gas refueling stations market report also offers information on several market vendors, including Atlas Copco AB, Clean Energy Fuels Corp., Dover Corp., Exxon Mobil Corp., GAIL (India) Ltd., Gilbarco Inc., GreenLine, Ingersoll Rand Inc., Linde Plc, and Torrent Gas Pvt. Ltd., among others.

What will the Natural Gas Refueling Stations Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Natural Gas Refueling Stations Market Size for the Forecast Period and Other Important Statistics

 

Natural Gas Refueling Stations Market: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post the COVID-19 era. The demand for cleaner fuels is notably driving the natural gas refueling stations market's growth, although factors such as the fall in oil prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the natural gas refueling stations market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Natural Gas Refueling Stations Market Driver

Natural gas is a clean and affordable alternative to fossil fuels such as diesel, gasoline, and fuel oil. It is used in vehicles in compressed or liquefied form. Carbon dioxide emissions have been growing in accordance with an increase in economic activities. Efforts by countries across the world in decarbonizing the power system by shifting to renewable energy have helped in controlling carbon dioxide emissions. The burning of natural gas results in less pollution, which explains its increasing use in the transportation sector; thus, driving the global natural gas refueling stations market growth.

Key Natural Gas Refueling Stations Market Challenge

Natural gas can be easily substituted by gasoline and diesel. Global oil prices have witnessed a steep decline in recent times. This significant decline in oil prices is attributed to the supply-demand imbalance of crude oil in the global market. Cost-benefits of natural gas over conventional fuels were one of the major driving factors pushing the use of natural gas as a fuel in the transportation industry. However, the multi-year decline in oil prices has made switching to alternative fuel vehicles a less attractive proposition. Thus, the fall in oil prices is expected to impede natural gas refueling stations market growth during the forecast period.

This natural gas refueling stations market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Natural Gas Refueling Stations Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Atlas Copco AB
  • Clean Energy Fuels Corp.
  • Dover Corp.
  • Exxon Mobil Corp.
  • GAIL (India) Ltd.
  • Gilbarco Inc.
  • GreenLine
  • Ingersoll Rand Inc.
  • Linde Plc
  • Torrent Gas Pvt. Ltd.

 

This statistical study of the natural gas refueling stations market encompasses successful business strategies deployed by the key vendors. The natural gas refueling stations market is fragmented, and the vendors are deploying growth strategies such as distinguishing their products and service offerings through clear and unique value propositions to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The natural gas refueling stations market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Natural Gas Refueling Stations Market?

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56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for natural gas refueling stations in APAC. Market growth in this region will be faster than the growth of the market in South America, North America, MEA, and Europe.

Growing concerns over the rising air pollution and the impact on the health of the populations in APAC are driving the need for adopting alternative fuels such as natural gas that are less harmful to the environment will facilitate the natural gas refueling stations market's growth in APAC during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Natural Gas Refueling Stations Market?

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The natural gas refueling stations market's growth-share by the CNG segment will be significant during the forecast period. CNG is a popular fuel for passenger vehicles as it is easier to store in vehicles. Also, it is cheaper than LNG, diesel, and gasoline, making it an ideal choice for an urban fleet. A CNG station can be a fast-fill or a time-fill station. CNG transportation from refineries or utilities to the stations can be carried out through existing gas pipelines or tankers, which is not the case for LNG transportation. Hence, it is possible to supply CNG directly from the refineries to the stations. This eliminates the need for storage tanks. The inherent benefits of CNG over other fuels have resulted in the rise in the number of CNG vehicles in urban areas.

This report provides an accurate prediction of the contribution of all the segments to the growth of the natural gas refueling stations market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Natural Gas Refueling Stations Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.41%

Market growth 2021-2025

8532.48 units

Market structure

Fragmented

YoY growth (%)

5.58

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 56%

Key consumer countries

China, the US, Russian Federation, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Atlas Copco AB, Clean Energy Fuels Corp., Dover Corp., Exxon Mobil Corp., GAIL (India) Ltd., Gilbarco Inc., GreenLine, Ingersoll Rand Inc., Linde Plc, and Torrent Gas Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Natural Gas Refueling Stations Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive natural gas refueling stations market's growth during the next five years
  • Precise estimation of the natural gas refueling stations market's size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the natural gas refueling stations industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the natural gas refueling stations market's vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • CNG - Market size and forecast 2020-2025
    • LNG - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Fast-fill stations - Market size and forecast 2020-2025
    • Time-fill stations - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Atlas Copco AB
      • Clean Energy Fuels Corp.
      • Dover Corp.
      • Exxon Mobil Corp.
      • GAIL (India) Ltd.
      • Gilbarco Inc.
      • GreenLine
      • Ingersoll Rand Inc.
      • Linde Plc
      • Torrent Gas Pvt. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The natural gas refueling stations market growth will increase by $8.07 thousand units during 2019-2024.
      The natural gas refueling stations market is expected to grow at a CAGR of 4.47% during 2019-2024.
      Technavio has segmented the natural gas refueling stations market by technology (CNG and LNG) and geographic (APAC, North America, Europe, and South America).
      China Petroleum and Chemical Corp., Clean Energy Fuels Corp., Cummins Inc., Dover Corp., Exxon Mobil Corp., Indraprastha Gas Ltd., Royal Dutch Shell Plc, Total SA, UGI Corp. are a few of the key vendors in the natural gas refueling stations market.
      APAC will register the highest growth rate of 61.93% among the other regions. Therefore, the natural gas refueling stations market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Russian Federation
      • Japan
      • India
      The key factors driving the natural gas refueling stations market growth are:
      • Demand for cleaner fuels
      • Increasing use of natural gas in transportation sector
      The natural gas refueling stations market vendors should focus on grabbing business opportunities from the cng segment as it accounted for the largest market share in the base year.
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