North America Compressed Natural Gas Market Size & Outlook
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North America compressed natural gas market highlights
- The North America compressed natural gas market generated a revenue of USD 26,864.6 million in 2024.
- The market is expected to grow at a CAGR of 12.1% 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, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 26,864.6 million |
| Market revenue in 2030 | USD 52,654.2 million |
| Growth rate | 12.1% (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, North America region accounted for 15.1% 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 |
North America 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 57.16% in 2024. Horizon Databook has segmented the North America 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 North American compressed natural gas (CNG) market is primarily driven by the increasing demand for cleaner fuel alternatives and the availability of abundant, cost-effective domestic natural gas, particularly from shale resources.
Government incentives, including tax credits and emissions regulations, further promote CNG adoption among fleet operators and consumers. Additionally, the expansion of refueling infrastructure enhances accessibility, making CNG an attractive option for transportation.
The rising prices of diesel and gasoline have also contributed to a shift towards CNG as a viable economic choice. Overall, the combination of environmental concerns and favorable policies is propelling significant growth in the CNG sector across North America.
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Target buyers of North America 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 North America compressed natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into North America compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America compressed natural gas market size, by country, 2018-2030 (US$M)
North America Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
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