Posts

Showing posts with the label CNG vehicles Market Size

CNG vehicles Market Size, Competitive Landscape, Regional Outlook and COVID-19 Impact Analysis 2022

  CNG Vehicles Market   Overview CNG Vehicles Market  is projected to be worth USD 310.32 billion by 2030, registering a CAGR of 14.72% during the forecast period (2022 to 2030). The global CNG vehicles market is driven by clean technology adoption as well as demand for dual fuel systems in vehicles. These factors have helped shape the CNG vehicles market and are expected to boost the growth. Companies in the CNG vehicles market could also face challenges such as lack of infrastructure in some countries as well as high maintenance cost. The details covered in the CNG vehicles market report cover all the aspects of the industry. Analysts studying the CNG vehicles market have also shared growth projections in the report and have suggested CNG vehicles market players to plan business strategies accordingly. A compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas instead of gasoline or diesel. CNG or compressed natural gas is stored at a high pressu