압축천연가스(CNG) 파워트레인 시장 예측(-2030년) : 컴포넌트별, 파워트레인 구성별, 유통 채널별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Compressed Natural Gas (CNG) Powertrain Market is accounted for $85.62 billion in 2024 and is expected to reach $405.97 billion by 2030 growing at a CAGR of 19.3% during the forecast period. A compressed natural gas (CNG) powertrain is a propulsion system designed to operate using compressed natural gas as its primary fuel source. It offers a cleaner alternative to gasoline or diesel engines, reducing emissions of pollutants like carbon dioxide and nitrogen oxides. Common in both light and heavy-duty vehicles, CNG powertrains provide improved fuel efficiency and contribute to lower greenhouse gas emissions, supporting sustainable transportation solutions.

According to an article published by Sciencedirect, in October 2023, the EU is focusing on developing alternative fuels like compressed natural gas (CNG) to combat greenhouse gas emissions and air pollution.

Market Dynamics:

Driver:

Increasing emissions regulations & environmental standards

As governments worldwide enforce stricter regulations to combat air pollution and reduce greenhouse gas emissions, industries are under pressure to adopt cleaner alternatives. CNG powertrains offer significant environmental benefits by emitting lower levels of CO2, nitrogen oxides (NOx), and particulate matter compared to conventional diesel and gasoline engines. This makes CNG an attractive option for fleets, public transportation, and industrial equipment, driving demand. Compliance with regulatory standards and the push for sustainable transportation solutions further accelerate the market's expansion.

Restraint:

Storage and distribution challenges

Storage and distribution challenges in CNG powertrains involve the complex process of compressing natural gas to high pressures for storage, which requires specialized infrastructure and safety measures. Transporting and distributing CNG to refuelling stations is costly, with limited availability in certain regions. These challenges hinder the widespread adoption of CNG vehicles, as businesses and consumers may face difficulties accessing refuelling stations, higher operational costs, and less convenience compared to traditional fuel options, ultimately limiting market growth.

Opportunity:

Expansion of CNG refuelling stations

The expansion of CNG refuelling stations plays a crucial role in improving accessibility and convenience for consumers and businesses. As the number of refuelling stations increases, it reduces the concern of limited refuelling options, encouraging greater adoption of CNG-powered vehicles, particularly in commercial fleets and public transportation. They support long-distance travel and operational efficiency, which boosts market demand. Additionally, government investments in refuelling infrastructure enhance the viability of CNG as a clean, cost-effective alternative to traditional fuels, driving further market growth.

Threat:

Fluctuating natural gas prices

Fluctuating natural gas prices introduces uncertainty and makes CNG less attractive as a long-term fuel solution. While CNG is generally more affordable than gasoline or diesel, price volatility can lead to unpredictable fuel costs for consumers and businesses. This instability may deter investments in CNG-powered vehicles and infrastructure, as operators may hesitate to switch from conventional fuels without guaranteed cost savings. Price fluctuations can undermine the financial benefits of adopting CNG powertrains, slowing market adoption and growth.

Covid-19 Impact

The covid-19 pandemic impacted the CNG powertrain market by disrupting supply chains, halting production, and decreasing vehicle demand due to lockdowns and economic slowdowns. However, a shift towards cleaner fuels in post-pandemic recovery efforts has supported renewed interest in CNG vehicles, particularly in regions with stringent emission norms. Governments and companies increasingly promote sustainable fuels, and the pandemic's focus on environmental health has spurred demand growth, positioning CNG powertrains as a viable eco-friendly transportation option.

The dual fuel segment is expected to be the largest during the forecast period

The dual fuel segment is predicted to secure the largest market share throughout the forecast period. A dual fuel configuration in a CNG powertrain allows vehicles to operate using both CNG and traditional fuels, such as diesel or gasoline. This setup provides flexibility, enabling vehicles to switch between fuel types depending on availability and cost, thus enhancing operational efficiency. By using CNG in urban areas and switching to conventional fuels for longer trips, dual fuel configurations help maximize fuel savings and reduce environmental impact.

The industrial equipment segment is expected to have the highest CAGR during the forecast period

The industrial equipment segment is anticipated to witness the highest CAGR during the forecast period owing to its reduced emissions, lower fuel costs, and enhanced environmental sustainability. CNG is particularly suited for equipment operating in confined spaces or areas with stringent emission regulations. With the growing adoption of green technologies, CNG powertrains in industrial applications help companies meet environmental standards while improving operational efficiency and contributing to long-term cost savings.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by rising urbanization, pollution concerns, and stringent emission regulations. Countries like India, China, and Pakistan are rapidly adopting CNG as a cleaner fuel alternative, supported by government initiatives and investments in CNG infrastructure. Expanding CNG refuelling stations and favourable policies in the region are set to further boost the CNG powertrain market, promoting sustainable mobility solutions.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period. The region is gaining traction, particularly in commercial fleets and public transportation. The U.S. and Canada are focusing on reducing greenhouse gas emissions, driving demand for cleaner fuel alternatives like CNG. Supportive government policies, tax incentives, and an expanding CNG fueling infrastructure are promoting the adoption of CNG powertrains. As environmental concerns grow, the North American CNG powertrain market is poised for continued growth.

Key players in the market

Some of the key players profiled in the Compressed Natural Gas (CNG) Powertrain Market include Cummins Inc., Volkswagen AG, Ford Motor Company, General Motors Company, Volvo Group, Scania AB, Tata Motors Limited, Hyundai Motor Company, Mercedes-Benz Group AG, Isuzu Motors Limited, Renault Trucks, Maruti Suzuki India Limited, Landi Renzo S.p.A., Westport Fuel Systems Inc., Fiat Chrysler Automobiles N.V., Dongfeng Motor Corporation, Navistar International Corporation, CNH Industrial N.V., IVECO S.p.A. and MAN SE.

Key Developments:

In November 2024, Tata Motors introduced the Nexon iCNG, starting at Rs. 8.99 lakh. This launch marked India's first CNG model featuring a turbocharged petrol engine paired with a 6-speed manual transmission. Powered by a 1.2-liter Revotron engine, it produces 100 PS and 170 Nm of torque and offers a claimed mileage of 24 km/kg.

In September 2024, Maruti Suzuki launched a CNG variant of its popular Swift model, starting at Rs. 8.20 lakh. The Swift CNG includes the 1.2-liter Z12E engine, producing 69.75 bhp and 101.8 Nm of torque. Its fuel efficiency is rated at an impressive 32.85 km/kg. Available in three variants (VXI, VXI(O), and ZXI), the Swift CNG offers various features like a touch screen infotainment system, climate control, and LED lighting in higher trims

Components Covered:

• Fuel Injectors
• Fuel Filters
• Spark Plugs
• Engine Control Units (ECUs)
• Exhaust Systems
• Fuel Tanks
• Other Components

Powertrain Configurations Covered:

• Mono-Fuel
• Bi-Fuel
• Dual Fuel

Distribution Channels Covered:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Applications Covered:

• Passenger Cars
• Buses & Coaches
• Off-Road Vehicles
• Industrial Equipment
• Power Generation
• Other Applications

End Users Covered:

• Transportation
• Construction
• Mining
• Agriculture
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Compressed Natural Gas (CNG) Powertrain Market, By Component

• 5.1 Introduction
• 5.2 Fuel Injectors
• 5.3 Fuel Filters
• 5.4 Spark Plugs
• 5.5 Engine Control Units (ECUs)
• 5.6 Exhaust Systems
• 5.7 Fuel Tanks
• 5.8 Other Components

6 Global Compressed Natural Gas (CNG) Powertrain Market, By Powertrain Configuration

• 6.1 Introduction
• 6.2 Mono-Fuel
• 6.3 Bi-Fuel
• 6.4 Dual Fuel

7 Global Compressed Natural Gas (CNG) Powertrain Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Original Equipment Manufacturers (OEMs)
• 7.3 Aftermarket

8 Global Compressed Natural Gas (CNG) Powertrain Market, By Application

• 8.1 Introduction
• 8.2 Passenger Cars
• 8.3 Buses & Coaches
• 8.4 Off-Road Vehicles
• 8.5 Industrial Equipment
• 8.6 Power Generation
• 8.7 Other Applications

9 Global Compressed Natural Gas (CNG) Powertrain Market, By End User

• 9.1 Introduction
• 9.2 Transportation
• 9.3 Construction
• 9.4 Mining
• 9.5 Agriculture
• 9.6 Other End Users

10 Global Compressed Natural Gas (CNG) Powertrain Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Cummins Inc.
• 12.2 Volkswagen AG
• 12.3 Ford Motor Company
• 12.4 General Motors Company
• 12.5 Volvo Group
• 12.6 Scania AB
• 12.7 Tata Motors Limited
• 12.8 Hyundai Motor Company
• 12.9 Mercedes-Benz Group AG
• 12.10 Isuzu Motors Limited
• 12.11 Renault Trucks
• 12.12 Maruti Suzuki India Limited
• 12.13 Landi Renzo S.p.A.
• 12.14 Westport Fuel Systems Inc.
• 12.15 Fiat Chrysler Automobiles N.V.
• 12.16 Dongfeng Motor Corporation
• 12.17 Navistar International Corporation
• 12.18 CNH Industrial N.V.
• 12.19 IVECO S.p.A.
• 12.20 MAN SE