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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% Light-duty NGVs typically run on compressed natural gas (CNG) because the tanks. larger than the fleet market.
Light duty vehicles (LDVs) account for almost 95% of NGVs on roads today, but trucks and buses are growing at a faster rate and are anticipated to account for 9% of the total fleet by 2020. Asia Pacific leads in terms of annual sales of NGVs, with 1.2 million sales expected in 2013.
Light-duty NGVs are not readily available in North America and parts of Asia, and are, in many cases, completely unavailable to private owners, the report notes. Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. Availability.
Iran and Pakistan are expected to rank second and third, respectively. CAGR) as NGVs spread in the fleet and consumer markets; overall, however, NGVs will remain a small percentage of the market as China’s government is expected to continue to focus on electrification. China will see strong growth (20.8%
While compressed natural gas (CNG) will play a role, particularly for high-mileage fleets, the report suggests that the chemical conversion of gas into some form of liquid fuel may be the best pathway to significant market penetration. MIT: leaning toward conversion for light-duty vehicles. Tcf/year, equivalent to 1.3
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.
The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. The global fleet of NGVs consists largely of passenger cars/LDVs, although there are some regional differences. Click to enlarge. gas sources, such as biogas or bio-synthetic gas.
In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% Navigant forecasts that the number of light-duty NGVs on the world’s roads will double by 2025 to 39.6 million vehicles in 2015 to 3.9 million in 2025. million, accounting for 2.6%
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