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Natural Gas Refueling Infrastructure Market from 2020-2025
2020/08/17

Natural gas refueling infrastructure market is expected to grow at an approximate CAGR of around 3.5% from 2020-2025.

With rising initiatives to have cleaner fuel, countries across the globe are concentrating more on having Compressed Natural Gas (CNG) fuel stations and Liquefied Natural Gas (LNG) fuel stations. Both the fuel station target different sets of vehicles and have a different set of operations before dispensing the fuels to vehicles.

The market is directly driven by the growing population of CNG & LNG vehicles around the world and various government policies that are focused on having a lesser carbon emission from vehicles. However, the CNG station installation site not well connected to natural gas grid pipelines, and the LNG station installation site, which is far from the LNG plant or terminal, is expected to act as restraints for the market to grow in future. Moreover, the involvement of particular storage units like high-pressure cylinders and cryogenic cylinders require considerably higher installation costs than gasoline stations.

Compressed Natural Gas (CNG) is expected to have a higher market share, in 2019, with around 85% market share than the liquefied natural gas.

With increasing carbon footprint, government across the globe is concentrating more on greener fuels like natural gas, to reduce dependency on petroleum products, to have a low energy cost, and to control the rising air pollution. The rising government initiatives across the globe to accelerate natural gas applications are expected to create an opportunity for the refueling infrastructure to grow in the future.

The Asia Pacific is dominating the natural gas refueling infrastructure market with the majority of fuel stations presence. The region has nearly 60% of the total natural gas refueling station around the globe.


Compressed Natural Gas to Dominate the Market



  • Compressed Natural Gas stations dispense natural gas stored in high-pressure cylinders at around 3000 to 3600 psi. The stations are equipped with several units, like the main utility unit, gas dryer, compressor, storage system, and dispensing units, that helps to provide a continuous and safe supply of natural gas to the vehicles.
  • Depending upon the nature of the operation and design, the compressed natural gas stations are segregated into fast-fill, time-fill, and a combination of both. Usually, retail stations have fast-fill stations to have quicker filling rate than the other. Time-fill is used on the fleets that have central refueling and can fill over-night.
  • During 2018, CNG stations have the majority share of the total natural gas fuel stations across the globe, owing to the technological developments and infrastructure advancement of CNG stations. Moreover, the CNG stations are expected to grow further with growing initiatives by various national and international bodies to have lower carbon footprint across the world.



Asia-Pacific to Dominate the Market



  • Asia Pacific has shown the fastest growth rate corresponding to the industrial and consumer market growth of India and China and also the gas demand growth from developed countries such as Australia.
  • Recent developments in the field of Pipeline and City Gas Distribution by India is expected to be a major part of gas compressor market growth in the Asia-Pacific region. India is expected to bring online 34,384 km of new-build pipelines by 2023.
  • CNG outlets are a big market for gas compressors, in India the demand for CNG have grown from 2,037 thousand metric tonnes in 2014-2015 to 3,076 thousand metric tonnes in 2018-2019. This demand is expected to increase the scope for gas compressor market in India.
  • India’s investment in refining and petrochemicals industry is expected to pave a way for the gas compressor market in India. Refining capacity of India grew to 22495.43 TMT in March 2019, an increase of 6.51% from March 2018


Source:https://www.mordorintelligence.com/industry-reports/global-gas-compressors-market-industry




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