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Natural Gas Refueling Infrastructure Global Market (2022 to

Compressed Natural Gas Market CAGR of 14 1% 2021 – Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends, Growth Opportunity, Regional Outlook and Forecast 2027 | Taiwan News

Compressed Natural Gas Market CAGR of 14.1% 2021 – Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends, Growth Opportunity, Regional Outlook and Forecast 2027 | 2021-12-22 05:05:39

At a CAGR of 14 1%, Compressed Natural Gas (CNG) Market Projected to Hit $36,035 million by 2023

At a CAGR of 14 1%, Compressed Natural Gas (CNG) Market Projected to Hit $36,035 million by 2023
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Compressed Natural Gas (CNG) Market Size Worth $269 7 Billion By 2027 | CAGR: 12 8%: Polaris Market Research

USD 269.7 billion By 2027 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 12.8% from 2020 to 2027. Increasing environmental concerns, rising diesel and gasoline prices, and growing demand for CNG as a substitute for other fuels are some of the promising factors that fueling demand for the global CNG market. Rising investment in infrastructure to expand the penetration of compressed natural gas as a vehicle fuel is also projected to propel the market growth. Additionally, stringent government regulations to support the pollution control initiatives coupled with a rise in the use of CNG in major metropolitan cities further support the substantial growth of the market.

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