According to TechSci Research report, “Global Virtual Pipeline and Plug-and-Play CNG System Market By Application, By Container Size, By Region, Competition Forecast & Opportunities, 2013 - 2023’’, the global virtual pipeline and plug-and-play CNG system market is projected to grow at a CAGR of more than 12% during ‑‑2018 - 2023. Rising demand for natural gas, stringent government regulations for emission control and government initiatives in surgical drilling contracts and exploration investments are the major factors expected to fuel the market. Moreover, development of shale gas fields and production of synthetic natural gas from coal and biomass are boosting demand for virtual pipeline and plug-and-play CNG systems, globally. General Electric and Galileo Technologies are the largest market players, owing to their huge distribution channel in more than 100 countries across the globe.
Browse 25 market data Tables and 155 Figures spread through 165 Pages and an in-depth TOC on "Global Virtual Pipeline and Plug-and-Play CNG System Market"
In terms of container size, Type II category dominates global virtual pipeline and plug-and-play CNG system market, owing to their easy mobility. Moreover, small-scale LNG plants are used to create virtual pipelines in areas where the construction of costly infrastructure is inefficient or where it is impossible to lay down the pipelines. Transportation sector accounted for the largest market share in 2017 and is likely to continue dominating the market, backed by increasing government regulations aimed at controlling emissions and boosting the usage of natural gas vehicles. Asia-Pacific is the largest market for virtual pipeline and plug-and-play CNG systems, owing to increasing use of natural gas and lack of adequate pipeline infrastructure across the region.
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“With increasing production of natural gas across North America, Europe, Middle East, and Asia-Pacific, demand for virtual pipeline and plug-and-play CNG systems is bound to grow. Moreover, supply of natural gas is likely to increase, owing to rising shale gas production coupled with increasing production of synthetic natural gas across the globe. Owing to the aforementioned factors, the global virtual pipeline and plug-and-play CNG system market is anticipated to witness significant growth during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Virtual Pipeline and Plug-and-Play CNG System Market By Application, By Container Size, By Region, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future growth potential of global virtual pipeline and plug-and-play CNG system market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Global virtual pipeline and plug-and-play CNG system market.
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