Compressed Natural Gas Market 2024 - By Size, Share, Industry Growth Analysis Report By 2033

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Compressed Natural Gas Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Compressed Natural Gas Market Segments
The Business Research Company segments the
compressed natural gas market report as
Non-Associated Gas, Associated Gas,
Unconventional Sources
By Type
Dedicated Fuel, Bi-Fuel, Dual Fuel
By Product Type
Light Passenger Vehicles, Medium or Heavy Duty
Vehicles, Other Applications
By Application
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Market Statistics
The global Compressed Natural Gas market size
grew from 166.9 billion in 2023 to 189.33
billion in 2024 at a compound annual growth rate
(CAGR) of 13.4. The Compressed Natural Gas
market size is expected to grow to 304.04
billion in 2028 at a compound annual growth rate
(CAGR) of 12.6.
304.04 B
189.33 B
166.9 B
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Key Market Drivers And Trends
Drivers
The rise in the number of CNG-powered vehicles is
expected to propel the growth of the compressed
natural gas market going forward.
Trends
Developing new solutions is a key trend gaining
popularity in the Compressed Natural Gas market.
Region
Asia-Pacific was the largest region in the
Compressed Natural Gas market in 2023. The
regions covered in the Compressed Natural Gas
market analysis report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Royal Dutch Shell PLC,
• TotalEnergies SE,
• Chevron Corporation,
• Phillips 66 Company,
• PJSC Gazprom,
• ConocoPhillips Company

• Occidental Petroleum Corporation,
• EOG Resources Inc.,
• Forensic Technologies
• International Group Ltd.,
• Parker Hannifin Corporation

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   against key competitors.
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