South Africa Compressed Natural Gas Market Size & Outlook
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South Africa compressed natural gas market highlights
- The South Africa compressed natural gas market generated a revenue of USD 1,939.3 million in 2024 and is expected to reach USD 3,745.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.5% 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.
Compressed natural gas market data book summary
| Market revenue in 2024 | USD 1,939.3 million |
| Market revenue in 2030 | USD 3,745.1 million |
| Growth rate | 11.5% (CAGR from 2025 to 2030) |
| Largest segment | Non associated gas |
| Fastest growing segment | Refinery |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, South Africa accounted for 1.1% of the global compressed natural gas market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia compressed natural gas market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6,528.8 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 |
South Africa 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 55.69% in 2024. Horizon Databook has segmented the South Africa 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 growth of the compressed natural gas (CNG) market in Saudi Arabia is influenced by several key factors. A strong governmental push towards diversifying energy sources and reducing reliance on oil drives the adoption of CNG as a cleaner alternative.
This initiative aligns with the country's broader Vision 2030 goals, which emphasize sustainability and environmental responsibility. The rising demand for low-emission fuels in transportation and industrial sectors further propels market expansion.
Additionally, the availability of abundant natural gas resources facilitates the development of CNG infrastructure, including refueling stations and storage facilities. Economic considerations also play a role, as CNG offers cost advantages over traditional fuels, appealing to both consumers and businesses.
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Target buyers of South Africa 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 country-level data and insights on the South Africa compressed natural gas market , including forecasts for subscribers. This country databook contains high-level insights into South Africa compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa Source - Compressed Natural Gas Market size, 2024 - 2030 (US$M)
South Africa Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
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