Mar 16, 2020 (Xherald via COMTEX) -- The report has published a report entitled Global CNG and LPG Vehicles Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The Global CNG and LPG Vehicles Market is projected to grow at a CAGR of over 10.0% during the forecast period 2019 to 2025.
Top Companies in the Global CNG and LPG Vehicles Market are
Fiat Chrysler Automobiles N.V. /zigman2/quotes/204248628/composite FCAU -0.87% , Hyundai Motor Company /zigman2/quotes/204364212/delayed HYMTF -7.84% , Suzuki Motor Corporation /zigman2/quotes/208973828/delayed SZKMF +1.28% , Volkswagen AG /zigman2/quotes/204431732/delayed VWAGY +0.17% , Ford Motor Company /zigman2/quotes/208911460/composite F +0.14% , General Motors Company /zigman2/quotes/205226835/composite GM +1.13% , Honda, Nissan, Navistar, Tata and Others.
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CNG is Compressed Natural Gas, which is mainly methane compressed at a pressure of 200 to 248 bars. LPG is Liquefied Petroleum Gas, a mixture of propane and butane liquefied at 15 �C and a pressure of 1.7 - 7.5 bar. CNG is cheaper and cleaner, but LPG has a higher calorific value.
The total market of CNG and LPG vehicles in Middle-East, Africa, and India is estimated to grow at a rate of 6.58% over the forecast period.
Types of the market are CNG, LPG and Other.
Applications of the market are is Passenger Vehicles, Light Commercial Vehicles and Other.
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Regions covered By CNG and LPG Vehicles Market Report 2019 To 2025 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other).
Effect of the CNG and LPG Vehicles market report is
- Comprehensive evaluation of all opportunities and risks in the market.
- CNG and LPG Vehicles market current developments and significant occasions.
- Deep study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom approach of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.