Compressed Natural Gas Market - Global CNG Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Growing at a 12.3% CAGR between 2014 and 2020, the global compressed natural gas (CNG) market will report a market value worth US$126.19 billion by 2020, up from US$56.32 billion in 2013. The demand for vehicles functioning on compressed natural gas significantly influences the demand for compressed natural gas. When natural gas is compressed to lower than 1% the volume it takes up in normal and general atmospheric conditions, it is termed as compressed natural gas. It is a clean source of energy used by most vehicles all over the world. Complete Report Compressed Natural Gas Market with TOC : http://www.transparencymarketresearch.com/compressed-natural-gas.html In contrast to diesel and gasoline, compressed natural gas ensures minimal vehicular emissions. Furthermore, compressed natural gas is becoming a popular fuel type these days owing to greater government mandates and strict rules which promote the consumption of clean energy. It is also a widely preferred fuel choice when it comes to automobiles. There exists no direct compressed natural gas source, which is why the sources of both natural gas and compressed natural gas are one and the same.

Compressed Natural Gas Market - Global CNG Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

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