Global LNG Filling Stations Market Overview:
Liquefied natural gas (LNG) filling stations provide natural gas for refueling vehicles. It is consist of an LNG tank, submersible pump, pump skid, EAG heater, booster truck carburetor, plus liquid machine, and others. LNG has the potential to save fuel costs and reduce air pollution as compared to conventional diesel. Increasing government initiative towards promoting clean fuel vehicles owing to increasing greenhouse gas emissions driving the demand for LNG filling stations. Further, increasing demand from the developing economies expected to drive the demand for LNG filling stations for the forecasted period. Some of the key players profiled in the study are Cryostar (France), Clean Energy Fuels (United States), ENN Energy Holding (China), Kunlun Energy Company Limited (Hong Kong), FortisBC (Canada), ENGIE (France) and Sinopec (China).
On the basis of geography, the market of LNG Filling Stations has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Increasing Adoption of LNG as Transportation Fuel
- Rising Demand for Clean Fuel Vehicles
- Growing Demand of Natural Gases Owing to Rise in Greenhouse Gas Emission
- Stringent Government Regulations Regarding LNG Filling Stations
- High Initial Investment for LNG Filling Stations
- Increasing Demand of Mobile LNG Filling Stations for Small Fleet of Vehicles
- Growing Demand from the Developing Economies
- Lack of Awareness and Infrastructural Development in the Emerging Economies
“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.”
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Target Audience:Traders and Distributors of Ion Exchange Resins, Research and Development Institutes, Potential Investors, Nationalized Laboratory, Government and Research Organizations, Commercial Research & Development Institutions, Industry Associations and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global LNG Filling Stations market on the basis of product [Mobile Station and Permanent Station] , application [Vehicle and Ship], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the LNG Filling Stations market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the LNG Filling Stations industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are CNOOC (China) and Natural Gas Vehicles for America (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the LNG Filling Stations market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.