The following companies as the key players in the global natural gas refueling stations market: Atlas Copco, Clean Energy Fuels, KWANGSHIN, and Wayne Fueling Systems.

 

Other Prominent Vendors in the market are: ""O"" Ring CNG Fuel Systems, Aerotecnica Coltri, ANGI Energy Systems (part of Gilbarco), BAUER COMPRESSORS, Chicago Pneumatic, Cryostar (part of THE LINDE GROUP), Cummins Westport, ENGIE, Honeywell, Ingersoll-Rand, Parker Hannifin, and Siemens.

 

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of natural gas in transportation sector. The transportation sector is a significant source of air pollution globally. Emissions from air, road, and water transport are partly responsible for climate change and declining air quality in urban cities. Since this realization, a decisive move toward decarbonization of the transportation sector has been made by governments worldwide. This in due part is being accomplished by transitioning to natural gas vehicles.”

 

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According to the report, one of the major drivers for this market is Demand for cleaner fuels. Globally there are rising concerns over the amount of CO2 produced from various activities, CO2 emissions have been growing in accord with an increase in economic activities. Efforts by countries across the world in decarbonizing the power system by shifting to renewable energy have helped in controlling CO2 emissions.

 

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Further, the report states that one of the major factors hindering the growth of this market is Competition from other alternative fuel technologies. Natural gas faces stiff competition from other alternative sources of motive force such as electric, hydrogen, and fuel cells. One of the major drawbacks for natural gas vehicles sale is the ill developed natural gas refueling infrastructure. Natural gas refueling stations are outnumbered by power refueling stations for other alternative technologies for vehicle propulsion. For instance, at the end of 2016, there were more than 300,000 EV charging stations when compared with more than 28,000 natural gas stations worldwide. Improvements in battery and fuel cell technology are reducing the overall cost of production and improving the distance range. This, along with the presence of well-developed charging infrastructure is reducing the range anxiety, which is a concern for with EV’s.

 

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

About Alcoholic Drinks

 

Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. After this, it is cooked, fermented, and finally, flavored with hops.

 

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