Wednesday, 12 August 2015

Posted by BioMethER
No comments | Wednesday, August 12, 2015
Natural gas is an appealing option for reducing operating costs and CO2 emissions for many applications, especially high-mileage fleet operators and consumers in regions with high retail prices for liquid fuels. However, natural gas vehicles are only usable provided that refueling infrastructure is readily available.
The new report from Navigant Research analyzes the market for natural gas refueling infrastructure and the factors expected to influence its deployment, including global market forecasts segmented by fuel type, station type, and region, through 2025. According to this analysis, the total number of global natural gas stations is expected to grow from 23,001 in 2015 to 38,887 in 2025.

“In the arena of alternative fuels for transportation, natural gas has proven to be one of the most popular alternatives to traditional liquid fuels in many global markets, either in the form of CNG or LNG, with the former being by far the more common,” said Sam Abuelsamid, senior research analyst with Navigant Research. “However, in order for any alternative to gasoline or diesel to be viable as a transportation fuel, readily available refueling infrastructure is an absolutely necessary component of the ecosystem.”

Despite the advantages of natural gas, the density of global refueling infrastructure varies widely and is often tied to government incentive programs, according to the report. In addition, without a critical mass of vehicles in need of fuel, station operators are unwilling to invest in equipment, and without ready access to stations, retail customers will not buy natural gas vehicles.

Source: Navigant

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