Navigation Links
Compressed Natural Gas (CNG) Market - New Industry Research Report is Now Available for Pre-Order at Transparency Market Research
Date:4/27/2013

Albany, New York (PRWEB) April 27, 2013

Natural gas compressed to a pressure of 200-250 bars which results in 200-250 folds reduction in volume, is referred to as compressed natural gas. It is a colourless, odourless, highly flammable, and non-corrosive gaseous hydrocarbon. Natural gas is primarily composed of methane and ethane. It is stored and distributed in hard containers which are usually cylindrical or spherical in shape. CNG has emerged as an abundant, clean, and safe alternative fuel and produces 28% less CO2 and other greenhouse gases compared to petrol and other fuels.

Owing to its eco-friendly nature, it is widely used as a fuel for transportation. In industrial settings, CNG is the second most important source of energy after electricity; it is primarily consumed in paper and pulp, plastic, food processing, metal, glass, and petroleum refining industries.

Related Report : Low Voltage Cables Market
http://www.transparencymarketresearch.com/low-voltage-cables-market.html

A double digit growth has been witnessed in the CNG market during the last decade and it is expected to grow at the same rate over the next six years. The growing demand for CNG by the automotive industry is expected to drive the global market for CNG. The European and Asia-Pacific markets are likely to increase their CNG consumption and are expected to grow at a steady pace from 2012 to 2018.

One of the major factors driving the global market for CNG is the cost benefit offered by CNG over other fuel types such as gasoline and diesel. The global CNG vehicle market is expected to reach 19 million units by 2018. In order to decrease reliance on petrol, a non-renewable and rapidly depleting source, companies are continuously looking to shift their focus towards alternative sources of fuels. CNG, along with providing a clean solution, is also considered to be a more economical and feasible option compared to conventional fuels. Many countries adopted a legal norm of giving tax incentives for buying CNG vehicles, which in turn helps buyers to compensate for the higher prices of such vehicles. Vehicles powered by CNG require lower maintenance and cause lesser environmental degradation, which in turn is driving its demand at a global level.

Related Report : Wind Energy Market and Wind Turbine Market
http://www.transparencymarketresearch.com/wind-energy-wind-turbine-market.html

Some of the major factors inhibiting the growth of the market include insufficient fuelling stations, the high cost for developing CNG based infrastructure, high operational costs, and the high cost of conversion. Natural gas extraction may also result in environmental consequences.

Some of the market players in this industry are Birla Power Solutions Ltd., Techlab Autogas Pvt. Ltd., Megatech Components Pvt. Ltd., Ark Pvt. Ltd., Axis Autogas, Chemotech Fabcon Pvt. Ltd, and Light Trading Company Ltd.,etc.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Related Report : Solar Photovoltaic (PV) Installation Market
http://www.transparencymarketresearch.com/solar-photovoltaic-market.html

Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Browse Report with Request TOC : http://www.transparencymarketresearch.com/compressed-natural-gas.html

Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

Browse All Market Research Reports: http://www.transparencymarketresearch.com/

Read the full story at http://www.prweb.com/releases/2013/4/prweb10674811.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Women's Excellence In OB/GYN Now Offering Natural Family Planning (NFP) via NaPro TECHNOLOGY in Lake Orion, Michigan
2. Powerful, Scientifically Validated Natural Herbal Supplement Re-Released
3. NeoGraft Automated FUE Hair Restoration Offers a Safe and Effective Way to Naturally Restore Eyebrow Hair Loss
4. New PurMist® from Integrity Supply: A Natural HAND / BODY Sanitizer
5. Announcing a New Innovative Online Health Newsletter Designed to Improve Health and Combat Stress Naturally
6. Naturally-occurring substance proves effective against deadly skin cancer in laboratory tests
7. Company Announces How To Get Taller - The Natural Way
8. Candida Cure
9. How “Natural Cure For Yeast Infection” Helps People Treat Candida Quickly – Vkool.com
10. Fibroids Treatment
11. How “Fibroids Miracle” Helps Women Treat Fibroids Naturally – Vkool.com
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... ... February 23, 2017 , ... ERT, a global ... announced that Premier Research, a leading clinical development service provider, has selected ERT’s ... increasingly complex, due in part to an array of circumstances including the use ...
(Date:2/23/2017)... ... (PRWEB) February 23, 2017 ... nation to come together to combine its favorite springtime pastime ... favorite fruit – apples! To celebrate National Nutrition Month, the ... “Apple Madness” bracket tournament – a five-week, five-round online competition ...
(Date:2/23/2017)... , ... February 23, 2017 , ... HealthPostures, the desk ... an expert sit stand solutions representative to the Minneapolis Home and Garden Show which ... the event that is garnering national attention is the Minneapolis Convention Center. , ...
(Date:2/22/2017)... York, NY (PRWEB) , ... February 22, 2017 ... ... professional life and athletics. It’s enough to overwork even the sharpest brain. , ... that offer peak healthy activity without over clocking the brain. Each capsule contains ...
(Date:2/22/2017)... ... February 22, 2017 , ... Secure Exchange Solutions, ... largest network of hospitals, health information exchanges, physicians and patients, announced today that ... (ONC-HIT) 2015 Edition Health IT Module Certification via Drummond Group LLC, an Authorized ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... Tillotts Pharma is strengthening its presence in ... office was opened in January 2017 under the management ... ® for the treatment of Crohn,s disease, Asacol ... VistaPrep ® for bowel preparation before endoscopy. With ... on the treatment of gastrointestinal (GI) diseases will expand ...
(Date:2/23/2017)... 23, 2017 The U.S. cannabis market ... for recreational use in 2016. According to a new report ... worth an estimated $7.2 billion in 2016 and is projected ... While adult recreational sales are projected to jump from $2.6 ... 25% CAGR. The market may grow faster as the estimate ...
(Date:2/23/2017)... , Feb. 22, 2017 Orthopedic ... implant demand, as aging demographic patterns lead to ... Implants for sports- and exercise-related injuries, chronic back ... will lead sales gains. The future of medical ... addresses the following questions and more: - ...
Breaking Medicine Technology: