Navigant Research: total sales of natural gas vehicles to exceed 35 million
Published by Angharad Lock,
Digital Assistant Editor
Hydrocarbon Engineering,
Navigant Research has recently published a report, which analyses the market for natural gas (NG) refuelling infrastructure and the factors expected to influence its deployment, including global market forecasts segmented by fuel type, station type, and region, through 2025. According to the report, total sales of NG vehicles (NGVs) are expected to reach more than 35 million from 2015 to 2025.
“For NG to reach its full potential as a transport fuel, easy access to refuelling stations and a large population of NGVs are required,” said Sam Abuelsamid, Senior Research Analyst with Navigant Research. “Without a critical mass of vehicles in need of NG fuel, station operators are unwilling to invest in equipment—and without easy access to stations, retail customers won’t commit to purchasing NGVs.”
The majority of NG vehicles use compressed NG (CNG) as opposed to the liquid form of the fuel, according to the report. Despite its lower energy density compared to liquid NG (LNG), CNG is generally considered the superior option for NGVs that are operating within a limited range where extended driving range is not required; LNG also requires extra processing procedures, driving up the overall price of the fuel.
The Natural Gas Refueling Infrastructure report assesses the key factors expected to influence the deployment of NGV refuelling infrastructure, including economic growth, fuel prices, NGV sales, equipment costs, and regulations. The study provides an analysis of how all of these factors are projected to affect station operators, equipment suppliers, and gas suppliers. Global market forecasts, segmented by fuel (CNG and LNG), type of station (public vs. private), and region, extend through 2025. The report also examines the significant technical issues related to NGV refuelling infrastructure, as well as the competitive landscape.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/05012016/navigant-research-sales-of-natural-gas-vehicles-to-exceed-35-million-2063/
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