CNG Powertrain Market - English Market Research Report
Product ID: 1284046 Publisher: Stratistics Market Research Consulting
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According to Stratistics MRC, the global CNG powertrain market is projected to reach $82.14 billion in 2022 and $237.76 billion by 2028, growing at a CAGR of 19.38% during the forecast period. There is a growing need for alternative fuels to achieve carbon neutrality goals. Compressed natural gas (CNG) is expected to become a major energy source, surpassing other fuels such as diesel, gasoline, and LPG, as it produces lower carbon dioxide emissions and does not emit particulate matter that contributes to automotive pollution. Governments around the world are taking strategic measures by offering tax reductions, subsidies, and other incentives to people purchasing CNG vehicles, leading to a significant increase in demand for CNG powertrain vehicles during the forecast period. According to the International Energy Agency, the stock of EVs in India was about 2,800 in 2012, but it increased to around 23,000 by 2021. The Ministry of Heavy Industries reports that over 520,000 EVs have been registered in India in the past three years.
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Publication Date: June 1, 2023 Publisher: Stratistics Market Research Consulting Page Information: English 175+ Pages Table of Contents Chapter 1 Executive Summary Chapter 2 Preface Chapter 3 Market Trend Analysis Chapter 4 Porter's Five Forces Analysis Chapter 5 Global CNG Powertrain Market: By Drive Type Chapter 6 Global CNG Powertrain Market: By Fuel Type Chapter 7 Global CNG Powertrain Market: By Vehicle Type Chapter 8 Global CNG Powertrain Market: By Region Chapter 9 Key Developments Chapter 10 Company Profiles *The table of contents and prices for this report are as of the time of publication. For the latest information, please contact us.
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