Compressed Natural Gas Market (Light Duty (LD) Vehicles, Medium Duty/Heavy Duty (MD/HD) Buses, Medium Duty/Heavy Duty (MD/HD) Trucks) - Global CNG Industry Analysis and Forecast to 2020

Albany, NY -- (SBWIRE) -- 10/21/2015 -- Compressed Natural Gas (CNG) is gaining momentum in the transportation fuels segment, due to growth in drive towards adoption of clean fuels by national governments around the world. Compressed Natural Gas (CNG) is obtained through compression of natural gas to less than 1% of the volume it generally occupies at normal atmospheric conditions. There are four primary end-user segments of CNG globally: light duty (LD) vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others. The others vehicle segment comprises three-wheeler vehicles powered by CNG. These are mostly used in Asia-Pacific and Latin America. LD vehicles accounted for nearly 93% of the global CNG vehicle fleet, but only 50.2% of the global CNG consumption in 2013. This is because medium and heavy duty vehicles consume a larger quantity of fuel compared to light duty vehicles and passenger cars. Consumption pattern of medium and heavy duty vehicles is also relatively constant in nature. This has prompted multiple governments to target conversion of existing bus and truck fleets to CNG.