Asia Pacific Compressed Natural Gas Market Size & Outlook
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Asia Pacific compressed natural gas market highlights
- The Asia Pacific compressed natural gas market generated a revenue of USD 85,932.4 million in 2024.
- The market is expected to grow at a CAGR of 12.7% from 2025 to 2030.
- In terms of segment, non associated gas was the largest revenue generating source in 2024.
- Refinery is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 85,932.4 million |
| Market revenue in 2030 | USD 173,814.0 million |
| Growth rate | 12.7% (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 |
| Key market players worldwide | ExxonMobil, BP PLC, TotalEnergies SE, Chevron Corp, Eni, Equinor ASA, ConocoPhillips, Cabot Energy, Gazprom, Shell PLC, Occidental Petroleum Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 48.4% of the global compressed natural gas market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 173,814.0 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 |
Asia Pacific 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 63.15% in 2024. Horizon Databook has segmented the Asia Pacific compressed natural gas market based on refinery, associated gas, non associated gas covering the revenue growth of each sub-segment from 2018 to 2030.
The compressed natural gas (CNG) market in the Asia Pacific region is experiencing robust growth, driven by increasing urbanization, rising environmental awareness, and government initiatives promoting cleaner fuel alternatives.
Countries like China, India, and Indonesia are leading this trend, where the adoption of CNG in transportation is gaining momentum due to its cost-effectiveness and lower emissions compared to traditional fuels. The region's substantial investments in CNG infrastructure, such as refueling stations and distribution networks, further facilitate market expansion.
Additionally, stringent environmental regulations and policies aimed at reducing carbon footprints are encouraging both consumers and businesses to transition to CNG. The growing automotive sector, coupled with a shift towards low-emission vehicles, enhances the demand for CNG as a viable energy source.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific compressed natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific compressed natural gas market size, by country, 2018-2030 (US$M)
Asia Pacific Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
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