“According to the India Corporate Law, 2017 Amendment to the Central Motor Vehicles Rules, 1989, to include LNG as a fuel for automobiles, is the first giant step forward to revolutionize the use of LNG in the transport sector in India. The inclusion of LNG as an auto fuel legitimizes its use and subjects it to Government emission standards and regulation. Further, the amendment to the Petroleum and Natural Gas Regulatory Board (Authorising Entities to Lay, Build, Operate or Expand City or Local Natural Gas Distribution Networks) Regulations, 2008 has included LNG fuel stations under the definition of natural gas stations. It is significant to note that the 2018 Amendment to the Gas Cylinder Rules, 2016, (Amendment Rules) has also included Auto LNG (LNG meant for automotive fuel) under its regulatory framework.”
According to the report, Growing Demand of Natural Gases Owing to Rise in Greenhouse Gas Emission is one of the primary growth factors for the market. Increasing Adoption of LNG as Transportation Fuel
is also expected to contribute significantly to the LNG Filling Stations market. Overall, Vehicle
applications of LNG Filling Stations, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global LNG Filling Stations market identified that the demand is rising in many different parts of the world as "Increasing Demand of Mobile LNG Filling Stations for Small Fleet of Vehicles
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global LNG Filling Stations market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the LNG Filling Stations market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall LNG Filling Stations market size is calculated using market estimation process, the LNG Filling Stations market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global LNG Filling Stations market size has been validated using both top-down and bottom-up approaches.