Natural Gas Vehicle Market to grow 5.5% annually to 2015 says New Report

PR Log (Press Release) – Nov 06, 2009 – Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report

According to the report “Natural Gas Vehicles” available at http://www.reportbuyer.com/go/PIK00018 natural gas vehicle (NGV) technology is widely available and has been available for purchase in most regions of the world for decades. Governments, fleet managers, and private consumers are recognising the environmental benefits of lower emissions from NGVs. However, lack of refueling infrastructure has caused NGV demand to stagnate in many countries. In regions where NGVs have strong market performance, adoption is largely due to a combination of inexpensive natural gas, a large number of existing refuelling stations, and government subsidies of vehicles, fuel, and infrastructure.

The report’s assessment of the NGV market points to strong growth in regions where the infrastructure is already supported, which include parts of Europe, Latin America, and the Middle East. The report anticipates growing acceptance of NGVs as governments approve climate change treaties and energy security legislation. These factors will contribute to NGV sales growth of 5.5% annually by 2015, though some regions will see growth stunted by greater political support for other transportation alternatives such as electric vehicles, clean diesels, and biofuels.

This 63 page report provides an overview of the opportunities and challenges to NGV light-duty cars, trucks, and medium/heavy duty trucks. The report includes a comprehensive assessment of compressed and liquefied natural gas (CNG/LNG) vehicle technologies, including tanks and engine modifications. It also examines key drivers of market growth by fleet customers as well as private consumers. Forecasts are provided for the global vehicle market, global NGV fleet and private consumer sales, NGV refueling stations, and NGV sales by vehicle segments. Key market players are also profiled.

The report “Natural Gas Vehicles” is available from Report Buyer at:
http://www.reportbuyer.com/automotive/cars/hybrid_electr ...

Report Buyer product ID: PIK00018

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