NewEnergyNews: DRIVING AROUND THE WORLD ON NAT GAS

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    Friday, September 07, 2012

    DRIVING AROUND THE WORLD ON NAT GAS

    Natural Gas Trucks and Buses; Heavy Duty and Medium Duty Trucks and Buses, Refueling Stations, Demand Drivers, Policy Factors, Technology Issues, Key Industry Players, and Global Market Forecasts

    3Q 2012 (Pike Research/Navigant)

    “Medium and heavy duty trucks and buses typically use large amounts of fuel due to…low fuel economy, heavy gross vehicle weight, and, in some cases, long distances traveled…[Fleet managers are looking for] strategies to reduce both the fuel costs and the environmental impact…

    …Owing to substantial and rising supplies of low-cost natural gas (NG), and the substantially lower greenhouse gas (GHG) emissions of natural gas vehicles, natural gas has become an increasingly attractive choice for a transportation fuel.”

    “Pike Research expects the global market for NG trucks to grow at a compound annual growth rate (CAGR) of 14% between 2012 and 2019, while NG buses are expected to grow at a CAGR of 19% during the same period…[Growth drivers are] economic growth following the global slowdown…increased vehicle availability, environmental benefits, and the desire for increased energy security.

    “…About three-quarters of the total NG trucks and buses are being sold in [the Asia Pacific region], a level that is not anticipated to change over the next several years. Europe and North America are also anticipated to see strong growth due to the high costs of diesel fuel and increasingly strict government emissions restrictions…”

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