Global Compressed Natural Gas Market Size & Outlook
Global compressed natural gas market, 2018-2030 (US$M)
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Global compressed natural gas market highlights
- The global compressed natural gas market generated a revenue of USD 177,377.1 million in 2024 and is expected to reach USD 344,595.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.8% by 2030.
- In terms of segment, non associated gas accounted for a revenue of USD 106,560.9 million in 2024.
- Refinery is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 177,377.1 million |
| Market revenue in 2030 | USD 344,595.7 million |
| Growth rate | 11.8% (CAGR from 2025 to 2030) |
| Largest segment | Non associated gas |
| Fastest growing segment | Refinery |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refinery, Associated Gas, Non Associated Gas |
Other key industry trends
- In terms of revenue, the North America accounted for 15.1% of the global compressed natural gas market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 11,576.0 million by 2030.
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Compressed Natural Gas Market Scope
Compressed Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cabot Energy | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.cabot-energy.com/ |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Occidental Petroleum Corp | View profile | 12570 | 5 Greenway Plaza, Suite 110, Houston, TX, United States, 77046 | https://www.oxy.com |
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Gazprom | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.gazprom.com |
| ConocoPhillips | View profile | 10000 | 925 North Eldridge Parkway, Houston, TX, United States, 77079 | https://www.conocophillips.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Eni | View profile | 10001+ | Rome, Lazio, Italy, Europe | http://www.eni.com/en_IT/home.html |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
Global compressed natural gas 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 market will help companies and investors design strategic landscapes.
Non associated gas was the largest segment with a revenue share of 60.08% in 2024. Horizon Databook has segmented the Global compressed natural gas market based on refinery, associated gas, non associated gas covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Compressed Natural Gas Source Outlook (Revenue, USD Million, 2018-2030)
- Refinery
- Associated Gas
- Non Associated Gas
- Global Compressed Natural Gas Application Outlook (Revenue, USD Million, 2018-2030)
- Residential/Commercial
- Chemical
- Industrial
- Autogas
- Refinery
- Others
- Global Compressed Natural Gas End Use Outlook (Revenue, USD Million, 2018-2030)
- Light duty vehicles
- Medium / Heavy duty trucks
- Others
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Target buyers of Global compressed natural gas market databook
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Our clientele includes a mix of compressed natural gas 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 global-level data and insights on the Global compressed natural gas market , including forecasts for subscribers. This global databook contains high-level insights into Global compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global compressed natural gas market size, by regions, 2018-2030 (US$M)
Top 10 countries: Compressed natural gas market size, 2024 (US$M)
Global compressed natural gas market share, by source, 2024 & 2030 (%, US$M)
Compressed natural gas market: Opportunity assessment by country
Global compressed natural gas market, by region, 2024 (US$M)
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