Compressed Natural Gas (CNG) Market Top Key Players, Latest Trends ,Future Growth And Forecast To 2025: Grand View Research Inc.
San Francisco, 9 December 2019: The Report Compressed Natural Gas (CNG) Market Analysis By Source (Associated Gas, Non-Associated Gas, Unconventional Methods), Applications (Light Duty Vehicles, Medium/Heavy Duty Buses, Medium/Heavy Duty Trucks) And Segment Forecasts To 2020 Global compressed natural gas (CNG) market is anticipated to reach USD 129.77 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global natural gas vehicles (NGVs) industry coupled with increased automobile fuel efficiency attributed by CNG is anticipated to remain a key driving factor for the global market. Government subsidiaries in form of financial incentives particularly in Asia Pacific and Latin America is also expected to have a positive impact on the market growth. Positive outlook on exploration of unconventional resources including shale gas particularly in U.S. and China is expected to provide growth opportunities for market participants. High initial inves