Global Compressed Natural Gas (cng) Market Size & Outlook
Global compressed natural gas (cng) market, 2018-2030 (US$M)
Related Markets
Global compressed natural gas (cng) market highlights
- The global compressed natural gas (cng) market generated a revenue of USD 188,925.7 million in 2023 and is expected to reach USD 223,966.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.5% by 2030.
- In terms of segment, residential / commercial accounted for a revenue of USD 36,066.4 million in 2023.
- Chemical is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 188,925.7 million |
| Market revenue in 2030 | USD 223,966.4 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential / Commercial, Chemical, Industrial, Autogas, Refinery |
Other key industry trends
- In terms of revenue, the North America accounted for 24.0% of the global compressed natural gas (cng) market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 13,577.2 million by 2030.
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Compressed Natural Gas (CNG) Market Scope
Compressed Natural Gas (CNG) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global compressed natural gas (cng) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compressed natural gas (cng) market will help companies and investors design strategic landscapes.
Residential / commercial was the largest segment with a revenue share of 19.09% in 2023. Horizon Databook has segmented the Global compressed natural gas (cng) market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Compressed Natural Gas (CNG) Application Outlook (Revenue, USD Million, 2018-2030)
- Residential / Commercial
- Chemical
- Industrial
- Autogas
- Refinery
- Transportation Fuel
- Power Generation
- Others
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Target buyers of Global compressed natural gas (cng) market databook
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Our clientele includes a mix of compressed natural gas (cng) market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global compressed natural gas (cng) market , including forecasts for subscribers. This global databook contains high-level insights into Global compressed natural gas (cng) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global compressed natural gas (cng) market size, by region, 2018-2030 (US$M)
Top 10 countries: Compressed natural gas (cng) market size, 2023 (US$M)
Global compressed natural gas (cng) market share, by application, 2023 & 2030 (%, US$M)
Compressed natural gas (cng) market: Opportunity assessment by country
Global compressed natural gas (cng) market, by region, 2023 (US$M)
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