Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032
Overview
The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is expected to reach a 694.91 USD Million by 2032 and is projected to grow at a CAGR of 2.36% from 2025 to 2032.
Revenue, 2024 (USD Million)
576.67
Forecast, 2032 (USD Million)
694.91
CAGR, 2024 - 2032
2.36%
Report Coverage
Europe
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market 2018-2032 USD Million
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 576.67 USD Million
- Projected Market Size (2032): 694.91 USD Million
- CAGR (2025-2032): 2.36%
Key Findings of Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market
- The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market was valued at 694.91 USD Million in 2024.
- The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is likely to grow at a CAGR of 2.36% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment CNG (Methane-Natural Gas Stored Under High Pressure and Used as Transportation Fuel) in Products Segment accounted for the largest share of the market with a revenue of 535.20 USD Million
- The fastest growing segment Dedicated (CNG-Fuelled) Vehicles in Fuel Chamber Segment grew Fastest with a CAGR of 2.57% during the forecast period from 2024 to 2032.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Scope
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Segmentation & Scope
Products
- BioCNG (Biomethane)
- CNG (Methane-Natural Gas Stored Under High Pressure and Used as Transportation Fuel)
Source
- Non-Associated Gas
- Associated Gas
Kits
- Venturi
- Sequential
Fuel Chamber
- Dedicated (CNG-Fuelled) Vehicles
- Dual-Fuelled Vehicles
End Use
- Heavy Motor Vehicles
- Medium Motor Vehicles
- Light Motor Vehicles
Vehicle Type
- Fleet
- Private
CNG Fuel Stations Offering
- Multifuel Refuelling Stations (Offering Conventional Fuels and CNG)
- Monofuel Refuelling Stations (Offering Solely CNG)
CNG Fuel Stations Entity
- Private/Internal
- Public Refuelling Stations (Free Access at the Station)
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 576.67 USD Million |
| Market Value in 2032 | 694.91 USD Million |
| CAGR (2025-2032) | 2.36% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Products,Source,Kits,Fuel Chamber,End Use,Vehicle Type,CNG Fuel Stations Offering,CNG Fuel Stations Entity |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 576.67 USD Million in 2024
- Key Country: Romania, leading in terms of revenue with value of 375.76 USD Million in 2024.
Segments and Scope
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By Products
- CNG (Methane-Natural Gas Stored Under High Pressure and Used as Transportation Fuel) is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 535.20 USD Million in the year 2024.
- BioCNG (Biomethane) is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.34 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By Source
- Associated Gas is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 518.70 USD Million in the year 2024.
- Associated Gas is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.38 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By Kits
- Sequential is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 343.88 USD Million in the year 2024.
- Sequential is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.53 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By Fuel Chamber
- Dual-Fuelled Vehicles is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 493.69 USD Million in the year 2024.
- Dedicated (CNG-Fuelled) Vehicles is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.32 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By End Use
- Light Motor Vehicles is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 363.89 USD Million in the year 2024.
- Light Motor Vehicles is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.50 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By Vehicle Type
- Private is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 404.82 USD Million in the year 2024.
- Fleet is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.29 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By CNG Fuel Stations Offering
- Monofuel Refuelling Stations (Offering Solely CNG) is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 297.25 USD Million in the year 2024.
- Multifuel Refuelling Stations (Offering Conventional Fuels and CNG) is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.20 % in forecast period 2025-2032.
-
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032, By CNG Fuel Stations Entity
- Public Refuelling Stations (Free Access at the Station) is the largest segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a revenue of 448.99 USD Million in the year 2024.
- Private/Internal is the Fastest growing segment in Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market to 2032 with a Growth rate of 2.32 % in forecast period 2025-2032.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Company Share Analysis
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Geographical Sales Distribution, 2018-2032 USD Million
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is segmented based on Segmentation Products,Source,Kits,Fuel Chamber,End Use,Vehicle Type,CNG Fuel Stations Offering,CNG Fuel Stations Entity.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market was valued at USD 576.67(Revenue in USD Million) in 2023.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is projected to grow at a CAGR of 2.36% during the forecast period of 2024 to 2032.
The CNG (Methane-Natural Gas Stored Under High Pressure and Used as Transportation Fuel) segment is expected to dominate the Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market, holding a largest market share of 535.20 USD Million in 2024
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Scope
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Segmentation & Scope
Products
- BioCNG (Biomethane)
- CNG (Methane-Natural Gas Stored Under High Pressure and Used as Transportation Fuel)
Source
- Non-Associated Gas
- Associated Gas
Kits
- Venturi
- Sequential
Fuel Chamber
- Dedicated (CNG-Fuelled) Vehicles
- Dual-Fuelled Vehicles
End Use
- Heavy Motor Vehicles
- Medium Motor Vehicles
- Light Motor Vehicles
Vehicle Type
- Fleet
- Private
CNG Fuel Stations Offering
- Multifuel Refuelling Stations (Offering Conventional Fuels and CNG)
- Monofuel Refuelling Stations (Offering Solely CNG)
CNG Fuel Stations Entity
- Private/Internal
- Public Refuelling Stations (Free Access at the Station)
Frequently Asked Questions
The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is segmented based on Segmentation Products,Source,Kits,Fuel Chamber,End Use,Vehicle Type,CNG Fuel Stations Offering,CNG Fuel Stations Entity.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market was valued at USD 576.67(Revenue in USD Million) in 2023.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is projected to grow at a CAGR of 2.36% during the forecast period of 2024 to 2032.
The estimated market value of the Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market for final year is USD 694.91 (USD Million).
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market Company Profiling
Frequently Asked Questions
The Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is segmented based on Segmentation Products,Source,Kits,Fuel Chamber,End Use,Vehicle Type,CNG Fuel Stations Offering,CNG Fuel Stations Entity.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market was valued at USD 576.67(Revenue in USD Million) in 2023.
Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market is projected to grow at a CAGR of 2.36% during the forecast period of 2024 to 2032.
The estimated market value of the Serbia, Romania, and Bulgaria CNG (Compressed Natural Gas) Fuel Market for final year is USD 694.91 (USD Million).
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