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

long 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 projec
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