Pike Research predicts 68% jump in global CNG vehicle sales by 2016 — Volkswagen 2016

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Pike Research predicts 68% in global CNG vehicle sales by

Commercial Fleets Will Natural Gas Vehicle Market 2016  – September 14, 2011

gas car- CNG

There are currently 12.6 million natural gas (NGVs) in use worldwide, and sales of vary widely from to region and country to country. The of NGVs are located in Latin the Middle East, and Africa, in countries like Pakistan and that lack extensive refining capacity. In North due largely to a lack of convenient stations, demand for NGVs is relegated to the fleet market. sales of natural gas vehicles are to grow rapidly over the five years, to 3.2 million annually by 2016 from 1.9 in 2010, according to a recent from Pike Research. The market will continue to lag in commercial fleets, however: of the new growth between

2010 and 2016 will in corporate and government sales.

As a portion of the worldwide total, the of commercial NGVs will from 59% to 65% in that period, to senior analyst Dave

“Many manufacturers and industry are looking forward to the time consumer NGVs become the big thing,” says Hurst. the number of refueling stations too low for the consumer market to really off in many parts of the developed

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One solution to the current inadequacies in NGV is the spread of bi-fuel vehicles. in Latin America, where 90% of NGVs have bi-fuel these vehicles can run on either or compressed natural gas (CNG).

which has one of the largest fleets of CNG in the world, is expected to overtake for the lead in NGV sales by 2014. By there will be 612,000 in India, according to Pike analysis. The strongest growth, will occur in the United where a compound annual rate (CAGR) of 25.4% result in nearly 33,000 sold in 2016.

Pike Research’s report, Gas Vehicles”, provides a comprehensive of natural gas vehicle technologies, and liquefied natural gas shipping and governmental incentives and regulations, and key of market growth. The report forecasts of NGV sales, refueling and natural gas usage through for light-duty vehicles and medium/heavy trucks and buses. Key market are also profiled. An Executive of the report is available for free on the firm’s website.

Pike Research is a market and consulting firm that in-depth analysis of global technology markets. The company’s methodology combines supply-side analysis, end-user primary and demand assessment, and deep of technology trends to provide a view of the Smart Energy, Grid, Smart Transportation, Industry, and Smart Buildings

Volkswagen 2016
Volkswagen 2016
Volkswagen 2016
Volkswagen 2016
Volkswagen 2016

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