Compressed Natural Gas (CNG) Market

Top 30 Companies in Global Compressed Natural Gas (CNG) Market (2025–2035): Competitive Analysis and Forecast

RELEASE DATE: Oct 2025 Author: Spherical Insights
According to a research report published by Spherical Insights & Consulting, The Global Compressed Natural Gas (CNG) Market Size is projected to Grow from USD 91.11 Billion in 2024 to USD 132.32 Billion by 2035, at a CAGR of 3.45% during the forecast period 2025–2035.

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Description

According to a research report published by Spherical Insights & Consulting, The Global Compressed Natural Gas (CNG) Market Size is projected to Grow from USD 91.11 Billion in 2024 to USD 132.32 Billion by 2035, at a CAGR of 3.45% during the forecast period 2025–2035. The global compressed natural gas (CNG) market is driven by rising fuel cost efficiency, increasing adoption of eco-friendly vehicles, government emission regulations, expanding refueling infrastructure, and growing demand for alternative, cleaner transportation fuels.

 

Introduction

Compressed Natural Gas (CNG) is a form of natural gas that is compressed to less than 1% of its volume at standard atmospheric pressure, making it suitable for use as an efficient and cleaner alternative fuel for vehicles. The global compressed natural gas (CNG) market has witnessed steady growth due to increasing environmental awareness, rising fuel costs, and government initiatives promoting low-emission transportation. CNG has various advantages over gasoline and diesel, including lower carbon emissions, cheaper operating costs, and higher fuel economy. Stringent emission regulations, expanded refueling infrastructure, and increasing adoption of CNG-powered vehicles in both commercial and passenger segments are driving the market. Storage technology advancements, such as lightweight composite tanks and IoT connectivity for real-time monitoring and predictive maintenance, improve system dependability and efficiency. Furthermore, governments in developing countries are providing tax breaks and subsidies to encourage CNG adoption. In Japan, the compressed natural gas (CNG) market is progressively developing, aided by initiatives to reduce reliance on oil imports and improve sustainable urban transportation networks.

 

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Compressed Natural Gas (CNG) Market Size & Statistics

  • The Market Size for Compressed Natural Gas (CNG) Was Estimated to be worth USD 91.11 Billion in 2024.
  • The Market Size is Going to Expand at a CAGR of 3.45% between 2025 and 2035.
  • The Global Compressed Natural Gas (CNG) Market Size is anticipated to reach USD 132.32 Billion by 2035.
  • Asia Pacific is expected to generate the highest demand during the forecast period in the Compressed Natural Gas (CNG) Market
  • North America is expected to grow the fastest during the forecast period in the Compressed Natural Gas (CNG) Market.

Global Compressed Natural Gas (CNG) Market

Regional growth and demand                                   

North America is expected to grow the fastest during the forecast period in the Compressed Natural Gas (CNG) market. North America is expected to grow the fastest in the Compressed Natural Gas (CNG) market due to rising adoption of clean transportation solutions, expanding CNG refueling infrastructure, supportive government policies, and increasing investments in alternative fuel technologies by major automotive manufacturers.

 

Asia Pacific is expected to generate the highest demand during the forecast period in the Compressed Natural Gas (CNG) market. Asia Pacific is expected to generate the highest demand in the Compressed Natural Gas (CNG) market due to rapid urbanization, strong government initiatives promoting clean energy, growing vehicle fleets, and significant investments in CNG infrastructure across countries like India, China, and Pakistan.

 

Top 10 Trends in the Compressed Natural Gas (CNG) Market

  • Infrastructure Expansion
  • Rise of Renewable Natural Gas (RNG)
  • Technological Advancements
  • Fleet Adoption
  • Government Support
  • Consumer Awareness
  • IoT Integration
  • Decarbonization Focus
  • Virtual Pipelines
  • Cost Benefits

 

1. Infrastructure Expansion

The expansion of CNG refueling infrastructure, including new stations and updated pipelines, is a major trend driving market growth. Consumers and fleet operators will find CNG a more convenient and cost-effective fuel alternative because to improved accessibility and dependable distribution networks.

 

2. Rise of Renewable Natural Gas (RNG)

The increased use of renewable natural gas (RNG) derived from organic waste is altering the CNG industry. RNG has ultra-low carbon emissions, which aligns with global environmental goals and increase its use in transportation and industrial applications.

 

3. Technological Advancements

Innovations in CNG storage, fuel systems, and vehicle integration, such as improved Type IV tanks and IoT-based monitoring, improve fuel economy, safety, and performance. These innovations cut vehicle weight and maintenance costs, which boosts general adoption.

 

4. Fleet Adoption

The increased usage of CNG-powered vehicles in public transportation, logistics, and business fleets is a significant development. Fleets benefit from lower fuel costs, increased driving range, and lower emissions, which promote environmental and economic sustainability.

 

5. Government Support

Governments across the world are encouraging CNG use through laws, tax breaks, and pollution limits. Subsidies for CNG vehicle sales and infrastructure investments are driving market expansion, particularly in emerging nations moving to cleaner fuels.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the compressed natural gas (CNG) market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 25 Companies Leading the Compressed Natural Gas (CNG) Market

  1. Royal Dutch Shell plc
  2. Chevron Corporation
  3. Exxon Mobil Corporation
  4. BP plc
  5. TotalEnergies SE
  6. Eni S.p.A.
  7. PetroChina Company Limited
  8. Gazprom PJSC
  9. ConocoPhillips Company
  10. Enbridge Inc.
  11. Snam S.p.A.
  12. Naturgy Energy Group S.A.
  13. Indraprastha Gas Limited
  14. China National Petroleum Corporation
  15. Petronet LNG Limited
  16. GAIL (India) Limited
  17. Clean Energy Fuels Corp.
  18. CNG Fuels Ltd.
  19. ENN Energy Holdings Limited
  20. SoCalGas
  21. Totalgaz (India) Private Limited
  22. AGL Energy Limited
  23. Gazprom Germania GmbH
  24. Trillium Energy Solutions
  25. Hexagon Agility

 

1. Royal Dutch Shell plc

Headquarters: London, United Kingdom

Shell is a global energy company with operations in over 70 countries. It is heavily involved in the production, distribution, and marketing of compressed natural gas (CNG) as a greener transportation fuel. To minimize carbon emissions and promote sustainability, the corporation invests extensively in CNG refueling infrastructure and the integration of renewable natural gas (RNG). Shell improves fuel efficiency, safety, and dependability for business fleets and individual customers via the use of modern technology and innovative solutions. Its initiatives help to accelerate the global transition to low-carbon transportation by providing environmentally friendly options while also fostering energy security and sustainable growth in a variety of places throughout the world.

 

2. Chevron Corporation

Headquarters: San Ramon, California, USA

Chevron operates in over 80 countries and is a prominent energy business focused on Compressed Natural Gas (CNG) production, distribution, and infrastructure development. To minimize greenhouse gas emissions, the corporation prioritizes developing CNG refilling networks and supporting renewable CNG programs.  Chevron's initiatives improve fuel efficiency, safety, and dependability for both business and individual customers. The firm promotes CNG as a low-emission alternative, which contributes to cleaner transportation and sustainable mobility.  Chevron's global operations and technology skills enable it to fulfill rising energy demands while also contributing to a cleaner, lower-carbon transportation sector throughout the world.

 

3. EXXON MOBIL CORPORATION

Headquarters: Irving, Texas, USA

ExxonMobil works in over 60 countries and is a prominent participant in the compressed natural gas (CNG) industry. The firm is involved in natural gas production, processing, distribution, and innovation to promote CNG as a cost-effective and ecologically benign fuel. ExxonMobil invests in refueling infrastructure and modern technology to assure efficient, safe, and consistent CNG supply for residential, commercial, and industrial applications. Its initiatives are consistent with global energy transition goals, promoting fewer emissions and sustainable transportation alternatives. ExxonMobil's overseas presence contributes significantly to the global adoption of CNG.

 

4. BP plc (British Petroleum)

Headquarters: London, United Kingdom

BP operates in over 70 countries and is a leading energy firm in the Compressed Natural Gas (CNG) industry. The firm is focused on developing CNG infrastructure and incorporating renewable natural gas (RNG) to promote sustainable mobility and reduce emissions. BP's programs improve fuel efficiency, dependability, and accessibility for both business fleets and individual consumers. By encouraging sustainable transportation solutions and investing in low-carbon technology, BP helps to reduce global carbon emissions. Its vast global operations, technological experience, and dedication to cleaner energy enable it to accelerate the adoption of CNG and aid in the transition to a low-emission transportation industry.

 

5. TotalEnergies SE

Headquarters: Paris, France

TotalEnergies operates in over 130 countries worldwide and is a leading integrated energy company actively involved in Compressed Natural Gas (CNG) and bio-CNG development. The company invests in expanding CNG refueling networks and integrating renewable natural gas to reduce carbon emissions and support sustainable transportation. TotalEnergies focuses on providing efficient, safe, and reliable fuel solutions for commercial fleets and individual users, promoting environmental compliance and energy security. By combining global reach with innovative technologies, TotalEnergies plays a pivotal role in advancing low-carbon mobility, accelerating the adoption of CNG, and supporting the transition toward cleaner energy in multiple regions worldwide.

 

Are you ready to discover more about the compressed natural gas (CNG) market?

The report provides an in-depth analysis of the leading companies operating in the global compressed natural gas (CNG) market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

  1. Royal Dutch Shell plc
  • Business Overview
  • Company Snapshot
  • Products Overview
  • Company Market Share Analysis
  • Company Coverage Portfolio
  • Financial Analysis
  • Recent Developments
  • Merger and Acquisitions
  • SWOT Analysis
  1. Chevron Corporation
  2. EXXON MOBIL CORPORATION
  3. BP plc (British Petroleum)
  4. TotalEnergies SE
  5. Eni S.p.A.
  6. PetroChina Company Limited
  7. Gazprom PJSC
  8. ConocoPhillips Company
  9. Others.

 

Conclusion

The Global Compressed Natural Gas (CNG) Market Size is witnessing steady growth driven by increasing demand for cleaner transportation fuels, government regulations, and rising environmental awareness. Expansion of CNG refueling infrastructure, integration of renewable natural gas (RNG), and technological advancements in storage and monitoring systems are enhancing adoption across commercial and residential sectors. Major energy companies are investing in CNG development, promoting efficiency, safety, and sustainability. Fleet adoption and supportive policies further accelerate market growth. Overall, CNG offers a low-emission, cost-effective alternative to conventional fuels, positioning it as a key solution in the global transition toward cleaner and sustainable mobility.

 

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