Lewes, DE -- (SBWIRE) -- 10/25/2017 -- Report forecast the global natural gas refueling stations market to grow at a CAGR of 4.17% during the period 2017-2021.

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.

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

According to the report, one of the major drivers for this market is Demand for cleaner fuels. Globally there are rising concerns over the amount of CO2 produced from various activities, CO2 emissions have been growing in accord 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 CO2 emissions.

Further, the report states that one of the major factors hindering the growth of this market is Competition from other alternative fuel technologies. Natural gas faces stiff competition from other alternative sources of motive force such as electric, hydrogen, and fuel cells. One of the major drawbacks for natural gas vehicles sale is the ill developed natural gas refueling infrastructure. Natural gas refueling stations are outnumbered by power refueling stations for other alternative technologies for vehicle propulsion. For instance, at the end of 2016, there were more than 300,000 EV charging stations when compared with more than 28,000 natural gas stations worldwide. Improvements in battery and fuel cell technology are reducing the overall cost of production and improving the distance range. This, along with the presence of well-developed charging infrastructure is reducing the range anxiety, which is a concern for with EV's.

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.

key players in the global natural gas refueling stations market: Atlas Copco, Clean Energy Fuels, KWANGSHIN, and Wayne Fueling Systems.

Other Prominent Vendors in the market are: "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, and 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

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?

Spanning over 81 pages "Global Natural Gas Refueling Stations Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by technology, Market segmentation by type, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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