- Compressed natural gas (CNG) is a cleaner alternative fuel used primarily in transportation, offering lower emissions compared to gasoline and diesel, making it a preferred choice for eco-conscious markets
- The growing adoption of CNG is fueled by increasing environmental regulations, rising fuel costs, and the expansion of CNG refueling infrastructure globally
- Asia-Pacific dominated the compressed natural gas (CNG) market with the largest revenue share of 45.3% in 2024, driven by widespread adoption in countries such as China, India, and Pakistan, supported by government incentives, low-cost CNG fuel, and extensive refueling networks
- North America is expected to be the fastest-growing region during the forecast period, attributed to increasing investments in CNG infrastructure, rising demand for sustainable transportation solutions, and supportive policies promoting clean energy in the U.S. and Canada
- The associated gas segment dominated the market with a market share of 89.91% in 2024, driven by its abundant supply, economic efficiency, and environmental benefits as it is produced alongside crude oil, reducing waste and emissions
