North America CNG Market to 2032
Overview
The North America CNG Market is expected to reach a 21.05 USD Billion by 2032 and is projected to grow at a CAGR of 3.75% from 2025 to 2032.
Revenue, 2024 (USD Billion)
16.26
Forecast, 2032 (USD Billion)
21.05
CAGR, 2024 - 2032
3.75%
Report Coverage
North America
North America CNG Market 2018-2032 USD Billion
North America CNG Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 16.26 USD Billion
- Projected Market Size (2032): 21.05 USD Billion
- CAGR (2025-2032): 3.75%
Key Findings of North America CNG Market
- The North America CNG Market was valued at 16.26 USD Billion in 2024.
- The North America CNG Market is likely to grow at a CAGR of 3.75% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Associated Gas in Source Segment accounted for the largest share of the market with a revenue of 14.61 USD Billion
- The fastest growing segment Sequential in Kits Segment grew Fastest with a CAGR of 3.93% during the forecast period from 2024 to 2032.
North America CNG Market Scope
North America CNG Market Segmentation & Scope
Source
- Non-Associated Gas
- Associated Gas
Kits
- Venturi
- Sequential
Distribution Type
- Others
- Composite Manifolds
- Accumulators
- Cylinders/Tanks
End Use
- Heavy Motor Vehicles
- Medium Motor Vehicles
- Light Motor Vehicles
North America CNG Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 16.26 USD Billion |
| Market Value in 2032 | 21.05 USD Billion |
| CAGR (2025-2032) | 3.75% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Source,Kits,Distribution Type,End Use |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 16.26 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 13,277.90 USD Million in 2024.
Segments and Scope
-
North America CNG Market to 2032, By Source
- Associated Gas is the largest segment in North America CNG Market to 2032 with a revenue of 14.61 USD Billion in the year 2024.
- Associated Gas is the Fastest growing segment in North America CNG Market to 2032 with a Growth rate of 3.77 % in forecast period 2025-2032.
-
North America CNG Market to 2032, By Kits
- Sequential is the largest segment in North America CNG Market to 2032 with a revenue of 9.59 USD Billion in the year 2024.
- Sequential is the Fastest growing segment in North America CNG Market to 2032 with a Growth rate of 3.93 % in forecast period 2025-2032.
-
North America CNG Market to 2032, By Distribution Type
- Cylinders/Tanks is the largest segment in North America CNG Market to 2032 with a revenue of 12.99 USD Billion in the year 2024.
- Cylinders/Tanks is the Fastest growing segment in North America CNG Market to 2032 with a Growth rate of 3.85 % in forecast period 2025-2032.
-
North America CNG Market to 2032, By End Use
- Light Motor Vehicles is the largest segment in North America CNG Market to 2032 with a revenue of 10.23 USD Billion in the year 2024.
- Light Motor Vehicles is the Fastest growing segment in North America CNG Market to 2032 with a Growth rate of 3.89 % in forecast period 2025-2032.
North America CNG Market Company Share Analysis
| Company Name |
|
||
| TotalEnergies | |||
| Chevron Corporation | |||
| Shell PLC | |||
| Adani Group | |||
| Indian Oil Corporation Ltd | |||
North America CNG Market Geographical Sales Distribution, 2018-2032 USD Billion
North America CNG Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America CNG Market is segmented based on Segmentation Source,Kits,Distribution Type,End Use.
North America CNG Market was valued at USD 16.26(Revenue in USD Billion) in 2023.
North America CNG Market is projected to grow at a CAGR of 3.75% during the forecast period of 2024 to 2032.
The Associated Gas segment is expected to dominate the North America CNG Market, holding a largest market share of 14.61 USD Billion in 2024
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North America CNG Market Scope
North America CNG Market Segmentation & Scope
Source
- Non-Associated Gas
- Associated Gas
Kits
- Venturi
- Sequential
Distribution Type
- Others
- Composite Manifolds
- Accumulators
- Cylinders/Tanks
End Use
- Heavy Motor Vehicles
- Medium Motor Vehicles
- Light Motor Vehicles
Frequently Asked Questions
The North America CNG Market is segmented based on Segmentation Source,Kits,Distribution Type,End Use.
North America CNG Market was valued at USD 16.26(Revenue in USD Billion) in 2023.
North America CNG Market is projected to grow at a CAGR of 3.75% during the forecast period of 2024 to 2032.
The estimated market value of the North America CNG Market for final year is USD 21.05 (USD Billion).
North America CNG Market Company Profiling
Frequently Asked Questions
The North America CNG Market is segmented based on Segmentation Source,Kits,Distribution Type,End Use.
North America CNG Market was valued at USD 16.26(Revenue in USD Billion) in 2023.
North America CNG Market is projected to grow at a CAGR of 3.75% during the forecast period of 2024 to 2032.
The estimated market value of the North America CNG Market for final year is USD 21.05 (USD Billion).
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