Global Markets for Natural Gas Vehicle Components

Industry Sector Report

Battered by gasoline and diesel fuel prices in recent years, many consumers, businesses and industries are intrigued by natural gas vehicles (NGVs), the most prevalent on-road alternative fuel vehicles in the world. In the last five years, record numbers of NGVs have been added to the road worldwide, either the conversion of existing diesel and gasoline vehicles or purchases of factory model NGVs. Natural gas vehicles present consumers and fleet owners with significant vehicle lifetime fuel savings, lower emissions and cleaner burning vehicle operation.

Recent margins between the pump prices for petroleum fuels and compressed (CNG) or liquefied natural gas (LNG) have never been better in many countries, including the United States. While influenced by diverse factors, fuel markets in Asia, Europe and the Americas all feature a relative discount for natural gas compared to petroleum fuels. Gasoline and diesel prices globally are being increasingly strained by transportation demand in…

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Foundation Engineers. Foundation & Piling Equipment & Tools. Utility.
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