NEW YORK, Aug. 18, 2015 /PRNewswire/ — Global supplies of natural gas (NG) are abundant today due to the deployment of nontraditional extraction methods such as hydraulic fracturing. Consequently, prices of NG are staying low and its appeal as a fuel for ground vehicles is increasing. As fuel economy and greenhouse gas emissions standards become increasingly stringent in world markets—particularly for medium and heavy duty vehicles (MHDVs), where electrification is less practical—NG is becoming an attractive alternative to diesel.
NG is an appealing option for reducing operating costs and CO2 emissions for many applications, especially high-mileage fleet operators and consumers in regions with high retail prices for liquid fuels. However, NG vehicles (NGVs) are only useful if refueling infrastructure is readily available. The density of refueling infrastructure v>aries widely and is frequently tied to government incentive programs. In addition, without a critical mass of vehicles in need of fuel, station operators are unwilling to invest in equipment—and without ready access to stations, retail customers do not buy NGVs. Yet, because NG is well-suited to larger vehicles such as refuse trucks and buses, fleet operators frequently take advantage of the low fuel cost by installing private stations in vehicle depots. According to Navigant Research, the total number of global NGV refueling stations is expected to grow from 23,001 in 2015 to 38,890 in 2025.
This Navigant Research report examines the key factors expected to influence the deployment of NGV refueling 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 refueling infrastructure, as well as the competitive landscape.
Key Questions Addressed:
How big is the market for natural gas vehicles (NGVs) both globally and regionally?Which form of natural gas (NG) makes the most sense for various applications?What are the key forces driving demand for NGV refueling infrastructure?What are the pros and cons of compressed and liquefied natural gas (CNG and LNG) vehicles in different segments and regions?Which companies are involved in the NGV refueling infrastructure market?
Who needs this report?
Refueling station operators
Natural gas (NG) refueling infrastructure component and system suppliers
Engineering and construction companies
Read the full report: http://www.reportlinker.com/p03139376-summary/view-report.html
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