Zion Market Research Global Automotive Natural Gas Vehicle Market, 2016 | Page 3

Automotive Natural Gas Vehicle Market
Global Automotive Natural Gas Vehicle Market: Growth Factors
Various initiatives are taken by the governments to encourage the use of natural gas;
this is anticipated to contribute to the global automotive natural gas vehicle
market growth in the near future. In addition, companies are highly investing in the
renewable sources such as natural gas as the cleaner alternative for fuel, which has
created ample opportunities for the global market. Vehicle owners are focusing on the
acceptance of the environment-friendly and cleaner source of fuel at low cost leading to
the enormous increase in the demand for automotive natural gas vehicle globally.
Natural gas also offers various advantages whereas liquefied natural gas and
compressed natural gas are produced from it providing many environmental benefits to
consumers. This is expected to fuel the global market growth in future.
Global Automotive Natural Gas Vehicle Market: Segmentation
The global automotive natural gas vehicle market is categorized based on vehicle type
as commercial and passenger. On the basis of fuel type, the global market is classified
as liquefied natural gas and compressed natural gas. Furthermore, the automotive
natural gas vehicle market is segregated based on geography as Asia-Pacific, Europe,
Latin America, North America, and the Middle East & Africa.
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