Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline , diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. Biomethane - cleaned up biogas from anaerobic digestion or landfills - can be used.
LPI (LP Information)' newest research report, the “Compressed Natural Gas Industry Forecast” looks at past sales and reviews total world Compressed Natural Gas sales in 2022, providing a comprehensive analysis by region and market sector of projected Compressed Natural Gas sales for 2023 through 2029. With Compressed Natural Gas sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Compressed Natural Gas industry.
This Insight Report provides a comprehensive analysis of the global Compressed Natural Gas landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Compressed Natural Gas portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Compressed Natural Gas market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compressed Natural Gas and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Compressed Natural Gas.
The global Compressed Natural Gas market size is projected to grow from US$ 39400 million in 2022 to US$ 59310 million in 2029; it is expected to grow at a CAGR of 59310 from 2023 to 2029.
In recent years, the share of natural gas in the global energy mix has drastically increased. The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles due to affordability and eco-friendliness. With the rise in the environmental issues such as climatic changes and depleting ozone layer many nations across the globe have started using CNG in power production.
This report presents a comprehensive overview, market shares, and growth opportunities of Compressed Natural Gas market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Associated Gas
Non-Associated Gas
Unconventional Sources (CNG)
Segmentation by application
Light Duty Vehicles
Medium Duty/Heavy Duty Buses
Medium Duty/Heavy Duty Trucks
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
National Iranian Gas Company
Indraprastha Gas Limited
Royal Dutch Shell PLC
Gazprom
NEOgas
Trillium CNG
China Natural Gas
Pakistan State Oil
J-W Power Company
GNVert
Exxon Mobil Corporation
BP P.L.C
Total S.A
Chevron Corporation
Eni S.p.A.
Equinor
ConocoPhillips Co.
Cabot Oil & Gas Corporation
Southwestern Energy Company
Chesapeake
Key Questions Addressed in this Report
What is the 10-year outlook for the global Compressed Natural Gas market?
What factors are driving Compressed Natural Gas market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compressed Natural Gas market opportunities vary by end market size?
How does Compressed Natural Gas break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Compressed Natural Gas Annual Sales 2018-2029 2.1.2 World Current & Future Analysis for Compressed Natural Gas by Geographic Region, 2018, 2022 & 2029 2.1.3 World Current & Future Analysis for Compressed Natural Gas by Country/Region, 2018, 2022 & 2029 2.2 Compressed Natural Gas Segment by Type 2.2.1 Associated Gas 2.2.2 Non-Associated Gas 2.2.3 Unconventional Sources (CNG) 2.3 Compressed Natural Gas Sales by Type 2.3.1 Global Compressed Natural Gas Sales Market Share by Type (2018-2023) 2.3.2 Global Compressed Natural Gas Revenue and Market Share by Type (2018-2023) 2.3.3 Global Compressed Natural Gas Sale Price by Type (2018-2023) 2.4 Compressed Natural Gas Segment by Application 2.4.1 Light Duty Vehicles 2.4.2 Medium Duty/Heavy Duty Buses 2.4.3 Medium Duty/Heavy Duty Trucks 2.5 Compressed Natural Gas Sales by Application 2.5.1 Global Compressed Natural Gas Sale Market Share by Application (2018-2023) 2.5.2 Global Compressed Natural Gas Revenue and Market Share by Application (2018-2023) 2.5.3 Global Compressed Natural Gas Sale Price by Application (2018-2023) 3 Global Compressed Natural Gas by Company 3.1 Global Compressed Natural Gas Breakdown Data by Company 3.1.1 Global Compressed Natural Gas Annual Sales by Company (2018-2023) 3.1.2 Global Compressed Natural Gas Sales Market Share by Company (2018-2023) 3.2 Global Compressed Natural Gas Annual Revenue by Company (2018-2023) 3.2.1 Global Compressed Natural Gas Revenue by Company (2018-2023) 3.2.2 Global Compressed Natural Gas Revenue Market Share by Company (2018-2023) 3.3 Global Compressed Natural Gas Sale Price by Company 3.4 Key Manufacturers Compressed Natural Gas Producing Area Distribution, Sales Area, Product Type 3.4.1 Key Manufacturers Compressed Natural Gas Product Location Distribution 3.4.2 Players Compressed Natural Gas Products Offered 3.5 Market Concentration Rate Analysis 3.5.1 Competition Landscape Analysis 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023) 3.6 New Products and Potential Entrants 3.7 Mergers & Acquisitions, Expansion 4 World Historic Review for Compressed Natural Gas by Geographic Region 4.1 World Historic Compressed Natural Gas Market Size by Geographic Region (2018-2023) 4.1.1 Global Compressed Natural Gas Annual Sales by Geographic Region (2018-2023) 4.1.2 Global Compressed Natural Gas Annual Revenue by Geographic Region (2018-2023) 4.2 World Historic Compressed Natural Gas Market Size by Country/Region (2018-2023) 4.2.1 Global Compressed Natural Gas Annual Sales by Country/Region (2018-2023) 4.2.2 Global Compressed Natural Gas Annual Revenue by Country/Region (2018-2023) 4.3 Americas Compressed Natural Gas Sales Growth 4.4 APAC Compressed Natural Gas Sales Growth 4.5 Europe Compressed Natural Gas Sales Growth 4.6 Middle East & Africa Compressed Natural Gas Sales Growth 5 Americas 5.1 Americas Compressed Natural Gas Sales by Country 5.1.1 Americas Compressed Natural Gas Sales by Country (2018-2023) 5.1.2 Americas Compressed Natural Gas Revenue by Country (2018-2023) 5.2 Americas Compressed Natural Gas Sales by Type 5.3 Americas Compressed Natural Gas Sales by Application 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Compressed Natural Gas Sales by Region 6.1.1 APAC Compressed Natural Gas Sales by Region (2018-2023) 6.1.2 APAC Compressed Natural Gas Revenue by Region (2018-2023) 6.2 APAC Compressed Natural Gas Sales by Type 6.3 APAC Compressed Natural Gas Sales by Application 6.4 China 6.5 Japan 6.6 South Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 6.10 China Taiwan 7 Europe 7.1 Europe Compressed Natural Gas by Country 7.1.1 Europe Compressed Natural Gas Sales by Country (2018-2023) 7.1.2 Europe Compressed Natural Gas Revenue by Country (2018-2023) 7.2 Europe Compressed Natural Gas Sales by Type 7.3 Europe Compressed Natural Gas Sales by Application 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Compressed Natural Gas by Country 8.1.1 Middle East & Africa Compressed Natural Gas Sales by Country (2018-2023) 8.1.2 Middle East & Africa Compressed Natural Gas Revenue by Country (2018-2023) 8.2 Middle East & Africa Compressed Natural Gas Sales by Type 8.3 Middle East & Africa Compressed Natural Gas Sales by Application 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Manufacturing Cost Structure Analysis 10.1 Raw Material and Suppliers 10.2 Manufacturing Cost Structure Analysis of Compressed Natural Gas 10.3 Manufacturing Process Analysis of Compressed Natural Gas 10.4 Industry Chain Structure of Compressed Natural Gas 11 Marketing, Distributors and Customer 11.1 Sales Channel 11.1.1 Direct Channels 11.1.2 Indirect Channels 11.2 Compressed Natural Gas Distributors 11.3 Compressed Natural Gas Customer 12 World Forecast Review for Compressed Natural Gas by Geographic Region 12.1 Global Compressed Natural Gas Market Size Forecast by Region 12.1.1 Global Compressed Natural Gas Forecast by Region (2024-2029) 12.1.2 Global Compressed Natural Gas Annual Revenue Forecast by Region (2024-2029) 12.2 Americas Forecast by Country 12.3 APAC Forecast by Region 12.4 Europe Forecast by Country 12.5 Middle East & Africa Forecast by Country 12.6 Global Compressed Natural Gas Forecast by Type 12.7 Global Compressed Natural Gas Forecast by Application 13 Key Players Analysis 13.1 National Iranian Gas Company 13.1.1 National Iranian Gas Company Company Information 13.1.2 National Iranian Gas Company Compressed Natural Gas Product Portfolios and Specifications 13.1.3 National Iranian Gas Company Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.1.4 National Iranian Gas Company Main Business Overview 13.1.5 National Iranian Gas Company Latest Developments 13.2 Indraprastha Gas Limited 13.2.1 Indraprastha Gas Limited Company Information 13.2.2 Indraprastha Gas Limited Compressed Natural Gas Product Portfolios and Specifications 13.2.3 Indraprastha Gas Limited Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.2.4 Indraprastha Gas Limited Main Business Overview 13.2.5 Indraprastha Gas Limited Latest Developments 13.3 Royal Dutch Shell PLC 13.3.1 Royal Dutch Shell PLC Company Information 13.3.2 Royal Dutch Shell PLC Compressed Natural Gas Product Portfolios and Specifications 13.3.3 Royal Dutch Shell PLC Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.3.4 Royal Dutch Shell PLC Main Business Overview 13.3.5 Royal Dutch Shell PLC Latest Developments 13.4 Gazprom 13.4.1 Gazprom Company Information 13.4.2 Gazprom Compressed Natural Gas Product Portfolios and Specifications 13.4.3 Gazprom Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.4.4 Gazprom Main Business Overview 13.4.5 Gazprom Latest Developments 13.5 NEOgas 13.5.1 NEOgas Company Information 13.5.2 NEOgas Compressed Natural Gas Product Portfolios and Specifications 13.5.3 NEOgas Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.5.4 NEOgas Main Business Overview 13.5.5 NEOgas Latest Developments 13.6 Trillium CNG 13.6.1 Trillium CNG Company Information 13.6.2 Trillium CNG Compressed Natural Gas Product Portfolios and Specifications 13.6.3 Trillium CNG Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.6.4 Trillium CNG Main Business Overview 13.6.5 Trillium CNG Latest Developments 13.7 China Natural Gas 13.7.1 China Natural Gas Company Information 13.7.2 China Natural Gas Compressed Natural Gas Product Portfolios and Specifications 13.7.3 China Natural Gas Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.7.4 China Natural Gas Main Business Overview 13.7.5 China Natural Gas Latest Developments 13.8 Pakistan State Oil 13.8.1 Pakistan State Oil Company Information 13.8.2 Pakistan State Oil Compressed Natural Gas Product Portfolios and Specifications 13.8.3 Pakistan State Oil Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.8.4 Pakistan State Oil Main Business Overview 13.8.5 Pakistan State Oil Latest Developments 13.9 J-W Power Company 13.9.1 J-W Power Company Company Information 13.9.2 J-W Power Company Compressed Natural Gas Product Portfolios and Specifications 13.9.3 J-W Power Company Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.9.4 J-W Power Company Main Business Overview 13.9.5 J-W Power Company Latest Developments 13.10 GNVert 13.10.1 GNVert Company Information 13.10.2 GNVert Compressed Natural Gas Product Portfolios and Specifications 13.10.3 GNVert Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.10.4 GNVert Main Business Overview 13.10.5 GNVert Latest Developments 13.11 Exxon Mobil Corporation 13.11.1 Exxon Mobil Corporation Company Information 13.11.2 Exxon Mobil Corporation Compressed Natural Gas Product Portfolios and Specifications 13.11.3 Exxon Mobil Corporation Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.11.4 Exxon Mobil Corporation Main Business Overview 13.11.5 Exxon Mobil Corporation Latest Developments 13.12 BP P.L.C 13.12.1 BP P.L.C Company Information 13.12.2 BP P.L.C Compressed Natural Gas Product Portfolios and Specifications 13.12.3 BP P.L.C Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.12.4 BP P.L.C Main Business Overview 13.12.5 BP P.L.C Latest Developments 13.13 Total S.A 13.13.1 Total S.A Company Information 13.13.2 Total S.A Compressed Natural Gas Product Portfolios and Specifications 13.13.3 Total S.A Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.13.4 Total S.A Main Business Overview 13.13.5 Total S.A Latest Developments 13.14 Chevron Corporation 13.14.1 Chevron Corporation Company Information 13.14.2 Chevron Corporation Compressed Natural Gas Product Portfolios and Specifications 13.14.3 Chevron Corporation Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.14.4 Chevron Corporation Main Business Overview 13.14.5 Chevron Corporation Latest Developments 13.15 Eni S.p.A. 13.15.1 Eni S.p.A. Company Information 13.15.2 Eni S.p.A. Compressed Natural Gas Product Portfolios and Specifications 13.15.3 Eni S.p.A. Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.15.4 Eni S.p.A. Main Business Overview 13.15.5 Eni S.p.A. Latest Developments 13.16 Equinor 13.16.1 Equinor Company Information 13.16.2 Equinor Compressed Natural Gas Product Portfolios and Specifications 13.16.3 Equinor Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.16.4 Equinor Main Business Overview 13.16.5 Equinor Latest Developments 13.17 ConocoPhillips Co. 13.17.1 ConocoPhillips Co. Company Information 13.17.2 ConocoPhillips Co. Compressed Natural Gas Product Portfolios and Specifications 13.17.3 ConocoPhillips Co. Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.17.4 ConocoPhillips Co. Main Business Overview 13.17.5 ConocoPhillips Co. Latest Developments 13.18 Cabot Oil & Gas Corporation 13.18.1 Cabot Oil & Gas Corporation Company Information 13.18.2 Cabot Oil & Gas Corporation Compressed Natural Gas Product Portfolios and Specifications 13.18.3 Cabot Oil & Gas Corporation Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.18.4 Cabot Oil & Gas Corporation Main Business Overview 13.18.5 Cabot Oil & Gas Corporation Latest Developments 13.19 Southwestern Energy Company 13.19.1 Southwestern Energy Company Company Information 13.19.2 Southwestern Energy Company Compressed Natural Gas Product Portfolios and Specifications 13.19.3 Southwestern Energy Company Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.19.4 Southwestern Energy Company Main Business Overview 13.19.5 Southwestern Energy Company Latest Developments 13.20 Chesapeake 13.20.1 Chesapeake Company Information 13.20.2 Chesapeake Compressed Natural Gas Product Portfolios and Specifications 13.20.3 Chesapeake Compressed Natural Gas Sales, Revenue, Price and Gross Margin (2018-2023) 13.20.4 Chesapeake Main Business Overview 13.20.5 Chesapeake Latest Developments 14 Research Findings and Conclusion