About LNG Bus
LNG Bus are the buses which are run on the liquefied natural gas. LNG is a natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. LNG buses produces less pollution and can travel long distance in one filling. Increasing prices of petrol and diesel in the world getting higher and higher. LNG brings new innovation in the global fuel markets. LNG buses are cost efficient fuel buses.
|Unit||Value (USD Million)|
The market for LNG Bus is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global LNG Bus market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GAZ Group (Russia), TATA Motors (India), Petronet (India), Zhengzhou Yutong Bus Co., Ltd. (China), Scania AB (Sweden), Irizar (Spain), Solbus (Poland), Neoplan (Germany) and Van Hool (Belgium) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global LNG Bus market by Type (Serial Large Sized Bus and Small Sized Bus), Application (Local, Airport Transportation and Other) and Region.
On the basis of geography, the market of LNG Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Capacity, the sub-segment i.e. 45-52 will boost the LNG Bus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
LNG Bus Market Dynamics:
- Increasing Demand in Pollution Free Vehicle
- Increasing Demand in Local Transportation
- New Innovation Automobile and Technology Sectors
- High Cost Associated with LNG Technology and LNG Buses
|Road Blocks / Challenges|
- Limited Availability of LNG Station
- Limited Speeding of LNG Buses
- Limited Production of Liquefied Natural Gas
|Gaps & Opportunities|
- Growing Automotive Industry
- Rapid Adoption of Renewable and Natural Resources Over the World
On 27 February 2020, In A Positive Step Towards Curbing Air Pollution, India's First Commercial Liquified Compressed Natural Gas (LNG) Bus Was Launched In Kochi. Created By Petronet, The Bus Fitted With A 180 Kg Cryogenic Tank, The Bus Can Travel Up To 900 Km In A Single Filling.
Key Target AudienceLNG Bus Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.