U.S. Compressed Natural Gas Market Size & Outlook, 2025-2030
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U.S. compressed natural gas market highlights
- The U.S. compressed natural gas market generated a revenue of USD 13,434.2 million in 2024 and is expected to reach USD 26,616.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.3% 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 13,434.2 million |
| Market revenue in 2030 | USD 26,616.7 million |
| Growth rate | 12.3% (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, U.S. accounted for 7.6% 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 North America, U.S. compressed natural gas market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 26,616.7 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 |
U.S. 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 59.4% in 2024. Horizon Databook has segmented the U.S. 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 U.S. is experiencing significant growth, fueled by the country's abundant shale gas resources and a strong push towards cleaner energy alternatives. Government policies promoting emissions reductions and incentives for using CNG in transportation are enhancing its attractiveness among fleet operators and consumers.
The development of a robust refueling infrastructure further supports this trend, making CNG a viable option for various applications, particularly in the transportation sector. As environmental concerns rise, CNG is increasingly recognized for its lower emissions compared to traditional fossil fuels, positioning it as a key player in the transition to sustainable energy solutions in the U.S.
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Target buyers of U.S. 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 U.S. compressed natural gas market , including forecasts for subscribers. This country databook contains high-level insights into U.S. compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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US End Use - Compressed Natural Gas Market size, 2024 - 2030 (US$M)
U.S. Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
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