Govt. Norms to Boost Automotive Natural Gas Vehicle Market & Will Continue Till Next 5 Years Says a Research Report Available at RnRMarketResearch.com
(PRWEB) January 02, 2015 -- Due to stringent emissions regulations rolled out by governments in an effort to improve air quality, public as well as transit and logistic agencies have turned to alternative fuels. In addition to the obvious environmental benefits, reduced operating costs and government incentives have spurred the increased use of alternative fuels in the transit industry. CNG and LNG are amongst the most popular and feasible alternative energy fuelled vehicles, with CNG being more popular and older than any alternative fuel. However, LNG is also witnessing an increase in adoption in heavy duty trucks and buses owing to its higher energy density which is desirable for long distance transportation.
The government is playing a major role in the development of the natural gas market by easing the competitive pressure from conventional fuels by regulating the price of fuels. This helps to achieve energy independence and lower pollution levels owing to lower emissions from natural gas. Complete report is available at http://www.rnrmarketresearch.com/automotive-natural-gas-vehicle-market-analysis-for-commercial-vehicles-by-fuel-type-cng-lng-by-vehicle-type-medium-duty-heavy-duty-by-geography-asia-oceania-europe-americas-row-rest-of-market-report.html.
Government operated fleets for transportation is one of the early adopters of natural gas as the emissions are lower than conventionally fueled vehicles. The adoption rate among private fleets is also increasing in spite of the higher upfront costs and loss of luggage space, as the lower fuel cost helps in recovering incremental cost of the vehicle. Another important factor fueling the growth of natural gas commercial vehicles is their high mileage which plays a pivotal role in recovering their higher initial cost in comparatively less time. However, lack of a well-developed infrastructure is currently a major hindrance for the development of this market.
Companies profiled in automotive natural gas vehicle market research report are AB Volvo, Beiqi Foton Motor Co. Ltd., Dongfeng Motor Group Company Limited, CNH Industrial NV, Daimler AG, Westport Innovations Inc., Clean Energy Fuels Corp., Landi Renzo SPA, Clean Air Power Ltd., and Agility Fuel Systems Inc. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=242738.
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“CNG & LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography (Asia-Pacific, Europe, Americas & ROW) – Industry Trends & Forecasts to 2019” is a Aug 2014 publication of 240 pages and it says CNG & LPG vehicle market is gaining traction in many countries due to the combined effects of low-cost CNG and LPG and sustained higher prices for gasoline and diesel. Companies profiled in this research report are Fiat S.P.A., Ford Motor Company, Volkswagen, General Motors, Honda Motor Co., Ltd., Hyundai Motor Group, and Suzuki Motor Corporation. Complete report available at http://www.rnrmarketresearch.com/cng-lpg-vehicle-market-by-vehicle-type-passenger-cars-light-commercial-vehicles-fuel-type-cng-lpg-and-geography-asia-pacific-europe-americas-row-industry-trends-forecasts-to-2019-market-report.html.
“Natural Gas Storage Market by Type (Underground, Above Ground, and Floating), and by Geography – Global Trends & Forecasts till 2019” is a Aug 2014 publication of 173 pages and it says currently Americas is the largest natural gas storage systems market with largest number of natural gas reserves. This market is growing at a very high growth rate and will maintain its statues until 2019. The natural gas storage underground capacity (working gas) globally is expected to reach 458.2 (BCM) billion cubic meters while above the global ground storage capacity is expected to reach 1,469.6 MTPA (million tons per annum) by 2019. Companies profiled in this research report are Worley Parsons, Technip, Samsung Heavy Industries, Foster Wheeler, GDF Suez, Centrica, Chiyoda Corporation, Niska Gas Storage, E-On, and Spectra Energy. Complete report available at http://www.rnrmarketresearch.com/natural-gas-storage-market-by-type-underground-above-ground-and-floating-and-by-geography-global-trends-forecasts-till-2019-market-report.html.
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