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NG Vehicles Still An Emissions Competitive Technology


NG Vehicles Still An Emissions Competitive Technology
According to our latest market study on “Natural Gas VehicleMarket Forecast to 2027 – COVID-19 Impactand Global Analysis– by Fuel Type (CNG and LNG),Application (On Road and Off Road), and Vehicle Type (Passenger Vehicles, Light and Commercial Vehicles, and Heavy Commercial Vehicles),” the market was valued at US$ 17,100million in 2019 and is projected to reach US$ 28,805.75million by 2027; it is expected to grow at a CAGR of 6.9% from 2020 to 2027.
Europe led the global natural gas vehicle market with 8.1% revenue sharein 2019, followed by Asia-Pacific (APAC)and North America. EuropecomprisesGermany, Italy, Russia, the UK, France,and the Rest of Europe. Automotive is one of the major manufacturing industries in European countriesas it considerably contributes to the countries’ gross domestic product. Also, several premium automotive manufacturers are based in the region. The vehicles andfuelling stationsare c ....

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