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Global Natural Gas Refueling Stations Market 2017-2021

Global Natural Gas Refueling Stations Market 2017-2021

About Natural Gas Refueling Stations

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.

Technavio’s analysts forecast the global natural gas refueling stations market to grow at a CAGR of 4.17% during the period 2017-2021.

Covered in this report

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
Technavio's report, 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 vendors
  • Atlas Copco
  • Clean Energy Fuels
  • KWANGSHIN
  • Wayne Fueling Systems
Other prominent vendors
  • 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
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Natural Gas Refueling Stations Market 2017-2021

Technavio recognizes the following companies as the 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.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of natural gas in transportation sector. The transportation sector is a significant source of air pollution globally. Emissions from air, road, and water transport are partly responsible for climate change and declining air quality in urban cities. Since this realization, a decisive move toward decarbonization of the transportation sector has been made by governments worldwide. This in due part is being accomplished by transitioning to natural gas vehicles.”

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.

Companies Mentioned

Atlas Copco, Clean Energy Fuels, KWANGSHIN, and Wayne Fueling Systems, 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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global natural gas refueling stations 2016-2021 (number of stations)
      • Table Typical cost component breakup of gasoline and CNG
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global natural gas refueling stations market by technology
      • Table Global natural gas refueling stations market by technology 2016 and 2021 (%)
      • Table Global natural gas refueling stations market by technology 2016-2021 (number ofstations)
    • CNG refueling stations
      • Table Global CNG refueling stations market 2016-2021 (number of stations)
    • LNG refueling stations
      • Table Global LNG refueling stations market 2016-2021 (number of stations)
      • Table LNG station (starter station)
  • Market segmentation by type
    • Global natural gas refueling stations market by type
      • Table Global natural gas refueling stations by type 2016 and 2021 (%)
      • Table Global natural gas refueling stations by type 2016-2021 (number of stations)
    • Fast-fill natural gas refueling stations
      • Table Global natural gas refueling stations market by fast-fill stations 2016-2021 (numberof stations)
      • Table Fast-fill station
    • Time-fill natural gas refueling stations
      • Table Global natural gas refueling stations by time-fill stations 2016-2021 (number ofstations)
      • Table Time-fill station
  • Geographical segmentation
    • Global natural gas refueling stations by geography
      • Table Global natural gas refueling stations market by geography 2016 and 2021 (%)
      • Table Global natural gas refueling stations market by geography 2016-2021 (number ofstations)
    • APAC
      • Table Natural gas refueling stations market in APAC 2016-2021 (number of stations)
    • Americas
      • Table Natural gas refueling stations market in Americas 2016-2021 (number of stations)
    • EMEA
      • Table Natural gas refueling stations market in EMEA 2016-2021 (number of stations)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global CO2 emissions growth rate 2000-2016 (%)
      • Table CO2 emissions from the transportation sector (GtCO2) 1990 and 2014
      • Table CO2 emissions from various fuel types (kg CO2 equivalent/million Btu)
      • Table Average US retail fuel price 2010-2016 (GGE)
      • Table Fuel cost comparison: diesel versus CNG
      • Table Growth in natural gas vehicles (NGVs) worldwide, 2010-2016
    • Market challenges
      • Table Global public EV charging stations versus natural gas stations 2016
  • Market trends
    • Increasing use of natural gas in transportation sector
      • Table Global CO2 emissions from fuel combustion by sector 2014
      • Table Pollutant comparison between different fuels
      • Table IMO Sulphur oxides: Regulation
    • Government support for NGV infrastructure
    • Increasing focus on energy security
      • Table Total final energy supply and consumption 1971 and 2014 (%)
      • Table Pathway of organic waste to upgraded biogas
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Atlas Copco
      • Table Atlas Copco: Product portfolio
    • Clean Energy Fuels
      • Table Clean Energy Fuels: Product overview
      • Table Clean Energy Fuels: Product portfolio
    • KWANGSHIN
      • Table KWANGSHIN: Products overview
      • Table KWANGSHIN: Product portfolio
    • Wayne Fueling Systems
      • Table Wayne Fueling Systems: Product overview
      • Table Wayne Fueling Systems: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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