Middle East & Africa Compressed Natural Gas (cng) Market Size & Outlook
Middle East & Africa compressed natural gas (cng) market, 2018-2030 (US$M)
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MEA compressed natural gas (cng) market highlights
- The MEA compressed natural gas (cng) market generated a revenue of USD 27,101.4 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, residential / commercial was the largest revenue generating application in 2023.
- Autogas is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 27,101.4 million |
| Market revenue in 2030 | USD 36,539.3 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Autogas |
| 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 |
| Key market players worldwide | Engie SA, Vontier Corp Ordinary Shares, Indraprastha Gas, Mahanagar Gas, Gazprom, National Iranian Oil Company, J-W Power Company, NEOgas, China Gas Holdings Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 14.3% of the global compressed natural gas (cng) market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 19,458.2 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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Middle East & Africa 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 17.06% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
- Middle East & Africa 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 Middle East & Africa 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa compressed natural gas (cng) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa compressed natural gas (cng) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA compressed natural gas (CNG) market size, by country, 2018-2030 (US$M)
Middle East & Africa Compressed Natural Gas (CNG) Market Outlook Share, 2023 & 2030 (US$M)
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