Portland, OR -- (SBWIRE) -- 06/27/2017 -- Compressed natural gas (CNG) is produced by compressing natural gas to less than 1 percent of the volume and is stored in cylinders at a pressure of 2025 MPa. CNG is used in internal combustion engine of automobiles that are modified for gasoline/diesel, which further propels its market growth. Global consumption of CNG is dependent upon the number of CNG powered natural gas vehicles in operation.

This report projects the trends and opportunities of the global compressed natural gas market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.

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The global compressed natural gas (CNG) market is segmented based on source, application, and geography. On the basis of source, the market is segmented as associated methods, non-associated methods, and un-conventional methods. On the basis of application, it is classified into light duty vehicles, medium duty/heavy duty buses, and medium duty/heavy duty trucks. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector include National Iranian Gas Company, Indraprastha Gas Limited, Trillium CNG, Gazprom, NEOgas Inc., Trillium CNG, China Natural Gas Inc., Pakistan State Oil, J-W Power Company, and GNVert.

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Compressed Natural Gas Market Key Segments:

- By Source

- Associated Gas
- Non-Associated Gas
- Unconventional Methods (CNG)

- By Application

- Light Duty Vehicles
- Medium Duty/Heavy Duty Buses
- Medium Duty/Heavy Duty Trucks

- By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- Spain
- UK
- Russia
- France
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- Korea
- Rest of Asia-Pacific

LAMEA
- Brazil
- Kingdom of Saudi Arabia
- South Africa
- Rest of LAMEA