Scope of the Study
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.
The market study is being classified by Type (Mobile Station and Permanent Station), by Application (Vehicle and Ship) and major geographies with country level break-up.
Cryostar (France), Clean Energy Fuels (United States), ENN Energy Holding (China), Kunlun Energy Company Limited (Hong Kong), FortisBC (Canada), ENGIE (France) and Sinopec (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CNOOC (China) and Natural Gas Vehicles for America (United States).
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. Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global LNG Filling Stations market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global LNG Filling Stations market by Type, Application and Region.
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.”
Key Target AudienceTraders 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
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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