The global compressed natural gas market was valued at USD 145.80 billion in 2022 and is estimated to reach approximately USD 485.54 billion by 2031, at a CAGR of 14.3% from 2023 to 2031.
After being introduced, compressed natural gas, or CNG, has become a major player in the worldwide energy market. Compressed natural gas, which is extracted from natural gas and compressed to a smaller volume for storage and transit, is a clean and environmentally beneficial substitute for conventional fossil fuels. Its growth can be ascribed to many benefits, such as decreased reliance on oil,...
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