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Pike Research forecasts annual global sales of light-duty natural gas vehicles to reach 3.2M in 2019

Green Car Congress

The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% The Middle East is home to the largest market for LD NGVs, Iran. between 2012 and 2019, reaching 3.2 larger than the fleet market.

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Forecast: Global Natural Gas Vehicle Fleet to Reach 17 Million by 2015

Green Car Congress

Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. Despite growth of the market as a whole, the US NGV market is expected to remain dominated by fleet sales to government and commercial customers (89% of sales in 2015).

2015 268
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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.

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Forecast: 17M Natural Gas Vehicles Worldwide by 2015

Green Car Congress

The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Despite growth of the market as a whole, the US NGV market is expected to remain dominated by fleet sales to government and commercial customers (89% of sales in 2015). to reach just over 3 million vehicles (including conversions) by 2015.

2015 170
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Surge in natural gas vehicles predicted

Green Cars News

Currently, the top five markets for natural gas vehicles are Pakistan, Argentina, Iran, India and Brazil with Pike Research anticipating that India will be the fastest growing market at a rate of 18.4 It has also forecast that the market will grow globally at a rate of 5.5 per cent to reach just over three million vehicles by 2015.

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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

In the US, the MIT report notes, only 0.15% of natural as is used as a vehicle transportation fuel; 32% of consumption is in the industrial sector, and 35% is in the residential and commercial sectors. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

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