The global LNG fueling station market is discussed at length in a market intelligence by Transparency Market Research (TMR). The report, titled “LNG Fueling Station Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” delves into vital market indicators, economic indices, and technological advancements that are important to chart the growth trajectory of the LNG fueling station market over the 2017-2025 forecast period.
The market study examines the global LNG fueling station market in a ground-up manner providing market size and revenue projections based on historical and current market figures. The report uses standard analytical tools and proven research methodologies to derive projections and chart the growth trajectory.
The demand for natural gas as a clean fuel for vehicles is gaining momentum to rising concerns of environment conservation. Several governments worldwide are encouraging the use of natural gas to curb greenhouse gas emissions due to fossil fuels. At present, compressed natural gas (CNG) is most used form of natural gas in vehicles across the world. CNG is used in cars, buses, and light duty vehicles.
Download PDF Research Report Brochure and Table of Content: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=29849
On the other hand, economic disadvantage of CNG over diesel makes CNG unsuitable for long distance heavy duty trucks. This paves way for the adoption of liquefied natural gas, and thus driving the growth of LNG fueling station market.
On the basis of type of station, the segments into which the LNG fueling station market could be segmented into mobile station and permanent station. Permanent stations are similar to other fuel stations where dispensers are fixed to the ground and LNG is deposited in storage tanks. LNG is dispensed into vehicles using fuel dispensers. Mobile station segment, on the other hand, comprises an LNG tanker mounted with a LNG dispenser. Mobile station segment is useful for small fleet of vehicles and can be useful for emergency refueling of vehicles.
On the basis of application, the segments into which the global LNG fueling station market can be bifurcated are vehicles and ship. The vehicles segment comprises automobiles that run on LNG. The vehicles segment primarily comprise heavy duty vehicles and other vehicles that use LNG as fuel. The ship application segment consists barges and ships that use LNG as fuel.
On the basis of geography, the global market for LNG fueling station could be divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of them, Asia Pacific is anticipated to emerge as a key market over the forecast period. The growth of Asia Pacific LNG fueling station market is attributable to a vast number of LNG fueling stations in China. Apart from this, increasing demand for natural gas due to environmental concerns of burning of fossil fuels and increasing number of heavy duty vehicles are some other factors behind the growth of Asia Pacific LNG fueling station market.
Prominent names in the global market for LNG fueling station include Clean Energy Fuels, Kunlun Energy Company Limited, ENGIE, CNOOC, Cryostar, ENN Energy Holding, FortisBC, Sinopec, and Natural Gas Vehicles of America.