Global LNG Refueling Station Market Overview:
The structure of LNG stations is similar to that of gasoline and diesel stations, with a storage tank, metres, and dispenser. At pressures ranging from 30 to 120 psi, LNG dispensers give gasoline to cars. Because LNG is stored and administered as a super-cooled liquefied gas, filling a vehicle necessitates the use of protective clothes, a face shield, and gloves, as well as training in fueling procedures. Mobile, containerized, and permanent big stations are the three possibilities for LNG fueling. LNG is delivered by a tanker truck with on-board metering and dispensing equipment in mobile fueling. A starting station, also known as a containerized station, is comprised of a storage tank, dispensing apparatus, metering, and the necessary enclosure. A permanent station offers more storage space and is customised to fulfil the demands of fleets.
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- Growing demand for Mobile LNG Filling Stations for a Small Fleet of Vehicles
- Increasing Adoption of LNG as a Transportation Fuel are the Key Factors Driving the Global LNG Filling Stations Market
- Stringent Government Regulations Regarding LNG Filling Stations in Various Countries
- Rising Opportunities from Emerging Economies
- Huge Initial Investment Cost for LNG Filling Stations is also expected to hamper the Market Growth
- Lack of Awareness Regarding LNG Filling Stations and Infrastructural Development in the Emerging Economies
The demand for LNG Refuelling Station is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Shell Global, FTI International Group Inc., APA Corporation and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how LNG refuelling station can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Shell Global (United Kingdom), FTI International Group Inc. (Canada), APA Corporation (United States), Cryostar SAS (France), Trillium CNG (United States), Gazprom (Russia), ENN Energy Holdings (China), Parker Hannifin Corp (United States), Adani Total Gas Limited (India), TotalEnergies (France), Hindustan Petroleum (India) and Linde Engineering (India). Additionally, following companies can also be profiled that are part of our coverage like Gasrec (United Kingdom) and PETRONAS Global (Malaysia). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global LNG Refueling Station market by 2027.
In April 2021 Clean Energy Fuels Corp. had announced that it has signed an agreement with Amazon to provide low and negative carbon renewable natural gas (RNG). The fuel will be provided at 27 existing Clean Energy fueling stations and another 19 non-exclusive new or upgraded Clean Energy-owned stations that Clean Energy expects to be constructed by the end of the year. The new and existing stations will provide RNG in 15 different states.
What Can be Explored with the LNG Refueling Station Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global LNG Refueling Station Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in LNG Refueling Station
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global LNG Refueling Station market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in LNG Refueling Station market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Government & Regulatory Bodies, Corporate Entities and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Who are the top performing companies in LNG Refueling Station Market?
Top performing companies in the Global LNG Refueling Station market are Shell Global (United Kingdom), FTI International Group Inc. (Canada), APA Corporation (United States), Cryostar SAS (France), Trillium CNG (United States), Gazprom (Russia), ENN Energy Holdings (China), Parker Hannifin Corp (United States), Adani Total Gas Limited (India), TotalEnergies (France), Hindustan Petroleum (India) and Linde Engineering (India), to name a few.2. What trending factors would impact LNG Refueling Station Market growth most?
"Increasing Demand for Natural Gases Owing to the Rise in Greenhouse Gas Emissions" is seen as one of major influencing trends for LNG Refueling Station Market during projected period 2021-2027.3. How is Global LNG Refueling Station Market forecast is bolstered by Mobile Station
segment in Global market to hold robust market share owing to "Growing demand for Mobile LNG Filling Stations for a Small Fleet of Vehicles