Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021

Overview of the global compressed natural gas (CNG) vehicles market

Technavio’s market research analyst predicts that the global CNG vehicles market will grow at a CAGR of nearly 5% during the forecast period. The introduction of stringent emission norms of odd-even policy in India to curb pollution is one of the primary drivers for market growth. India is one of the main countries for the global CNG vehicles market with nearly 60,000-70,000 units of CNG vehicles. Delhi excluded the use of privately owned cars on alternate days based on the registration number of cars, following the odd-even policy. The government had exempted the CNG vehicles from the stringent regulation to control pollution leading to the rising adoption of CNG fitted cars. Moreover, the government is also working on expanding the fuel stations selling natural gas thus allowing the motorists and private car owners to shift to CNG. Furthermore, CNG costs about 50% cheaper than petrol and is nearly 25% cheaper than diesel. With countries such as India being cost-centric, this will induce the adoption of CNG vehicles during the forecast period.

One of the latest trends that will gain traction in the global CNG vehicles market is the rising utilization of CNG in luxury vehicles. For instance, Audi’s A4 Avant g-tron can run on CNG or gasoline and is fitted with a 2.0 turbo fuel stratified injection (TFSI) engine, churning out 170 HP power, with a maximum torque of 270 Nm. Audi has changed the pistons and valves of the model for gas operation and to provide very low compression ration suitable for CNG vehicles. In the New European Driving Cycle, the Audi A4 Avant g-tron utilizes 3.8 kg of CNG per 100 km. The bi-fuel A4 Avant g-tron offers an estimated driving range of 500 km, with a tank capacity of 19 kg.

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