Natural gas vehicles market to be driven by increasing utilization of eco-friendly vehicular fuels

By Transparency Market Research.

Transparency Market Research presents a research report on the global natural gas vehicles market for the 2015-2023 period. The report, titled “Natural Gas Vehicles Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 – 2023,” analyzes the various facets of sustainability of natural gas vehicular fuels in the long run. The report presents development trends and technological advancements that will have a bearing on this market during the forecast period.

That dependence on fossil fuels and crude oil for energy needs is not environmentally sustainable is well recognized. As such, the need to use clean, inexpensive, and natural fuels available in abundance is the need of the times. Natural gas is a clean substitute for conventional fuels such as diesel or gasoline and is also eco-friendly and low in cost. Compressed natural gas (CNG) or liquefied natural gas (LNG) are produced from natural gas and offer several economic, environmental, and policy benefits over other fossil fuels.