A new report from Navigant Research analyzes the market for natural gas refueling infrastructure and the factors expected to influence its deployment, including global market forecasts segmented by fuel type, station type, and region, through 2025.
Due to its abundant supply, low price, and ability to reduce operating costs, natural gas is an increasingly appealing alternative for fueling ground vehicles. As fuel economy and greenhouse gas emissions standards become increasingly stringent in world markets—particularly for medium and heavy duty vehicles, where electrification is less practical—the use of natural gas is also an effective way to reduce carbon emissions.
According to a new report from Navigant Research, the total number of global natural gas refueling stations is expected to grow from 23,001 in 2015 to 38,887 in 2025.
“In the arena of alternative fuels for transportation, natural gas has proven to be one of the most popular alternatives to traditional liquid fuels in many global markets, either in the form of compressed natural gas (CNG) or liquefied natural gas (LNG), with the former being by far the more common,” says Sam Abuelsamid, senior research analyst with Navigant Research. “However, in order for any alternative to gasoline or diesel to be viable as a transportation fuel, readily available refueling infrastructure is an absolutely necessary component of the ecosystem.”
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