Enjoy complimentary customisation on priority with our Enterprise License!
The CNG compressors market size is forecast to increase by USD 1.30 billion at a CAGR of 3.71% between 2023 and 2028. The CNG compressor market is experiencing significant growth due to several key drivers. The increasing number of Compressed Natural Gas powered vehicles is a major factor fueling market expansion. Governments worldwide are implementing initiatives to reduce emissions and promote the use of cleaner fuels, providing a favorable regulatory environment for CNG. However, competition from alternative fuels such as electric and hydrogen is a challenge that market players must address. To remain competitive, gas compressor manufacturers are focusing on improving efficiency, reducing costs, and expanding their product offerings to cater to various applications. Additionally, advancements in technology, such as the integration of renewable energy sources and the development of smart compressor systems, are expected to provide new opportunities for market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.