Thursday 25 February 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Natural Gas Refueling Stations Market: Atlas Copco, Clean Energy Compression, KwangShin and Wayne Fueling Systems.
Other Prominent Vendors in the market are: ANGI Energy Systems, Cryostar, GreenLine Fuel, Ingersoll Rand and Siemens.
Commenting on the report, an analyst said: “Natural gas has the potential to contribute toward climate change mitigation. Increasing the natural gas infrastructure developments will drive this trend. The development of NGV fueling stations is strongly supported by the government in various countries.”
According to the report, switching to natural gas has several economic benefits. Compared with other fossil fuels, natural gas costs lesser and is less vulnerable to price fluctuations. This proves to be beneficial for a company or a government fleet. In addition, the lower cost of operation reduces the payback period.
Further, the report states that while natural gas still holds significant price advantage over oil on Btu basis, the continuous decline in price might result in lower sales and deferred infrastructure investments. This will slow down the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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