(MENAFN- GlobeNewsWire - Nasdaq) Dublin, March 17, 2020 (GLOBE NEWSWIRE) -- The "Middle East & Africa CNG Market Outlook & Projections, 2019-2027" report has been added to ResearchAndMarkets.com's offering.
The Middle East & Africa (MEA) compressed natural gas (CNG) market is projected to grow with a CAGR of 12% over the forecast period, i.e. 2018-2027.
This can be attributed to the increasing adoption of natural gas for use in several applications, growing demand for alternative energy sources along with the region's focus towards the diversification of its power supply and become less reliant on oil, as well as be less susceptible to the volatility of oil products in the market.
Moreover, presence of large natural gas reserves in nations such as Iran and Qatar, along with increasing focus towards the production and trade of natural gas are some of the factors anticipated to promote the growth of the market.
The market is segmented by source into associated, non-associated and unconventional gas, out of which, non-associated segment is predicted to hold a significantly larger market share of around 56.7% in the year 2027 and attain a CAGR of 11.7% during the forecast period. The growth of the segment can be attributed to the presence of crucial non-associated gas fields in the region including places such as Karan, Arabiyah and Hasbah, along with the low cost of extraction of gas which is raising the interests amongst oil drillers to extract gas from these reserves.
Some of the key industry leaders in the Middle East and Africa (MEA) compressed natural gas (CNG) market are National Iranian Gas Company, Emirates National Oil Company (ENOC), Qatar Fuel Company Q.P.S.C. (WOQOD), Abu Dhabi National Oil Company and Badeal.
Key Topics Covered
1. Introduction
1.1. Market Definition
1.2. Product Overview
1.3. Market Segmentation
2. Assumptions and Abbreviations
3. Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Market Size Estimation
4. Executive Summary
5. Regulatory Landscape
6. Market Dynamics
6.1. Drivers
6.2. Restraints
6.3. Trends
6.4. Opportunities
7. Middle East & Africa Compressed Natural Gas (CNG) Market Outlook
7.1. Market Size & Forecast, 2018-2027F
7.2. Middle East & Africa Compressed Natural Gas (CNG) Market Size (USD Million), 2018-2027
7.3. Macro-Economic Indicators Impacting the Growth of Middle East & Africa Compressed Natural Gas (CNG) Market
7.3.1. By Source
7.3.1.1. Middle East & Africa Compressed Natural Gas (CNG) Market Size, By Source (2018-2027F)
7.3.1.1.1. Associated, 2018-2027F (USD Million)
7.3.1.1.2. Non-Associated, 2018-2027F (USD Million)
7.3.1.1.3. Unconventional, 2018-2027F (USD Million)
7.3.2. By End-user
7.3.2.1. Middle East & Africa Compressed Natural Gas (CNG) Market Size, By End-user (2018-2027F)
7.3.2.1.1. Light Duty Vehicles, 2018-2027F (USD Million)
7.3.2.1.2. Medium/Heavy Duty Buses, 2018-2027F (USD Million)
7.3.2.1.3. Medium/Heavy Duty Trucks, 2018-2027F (USD Million)
7.3.3. By Country
7.3.3.1. Middle East & Africa Compressed Natural Gas (CNG) Market Size, By Country (2018-2027F)
7.3.3.1.1. Iran, 2018-2027F (USD Million)
7.3.3.1.1.1. By Source
7.3.3.1.1.2. By End-user
7.3.3.1.2. Saudi Arabia, 2018-2027F (USD Million)
7.3.3.1.3. UAE, 2018-2027F (USD Million)
7.3.3.1.4. South Africa, 2018-2027F (USD Million)
7.3.3.1.5. Rest of MEA, 2018-2027F (USD Million)
8. Company Profiles
8.1.1. National Iranian Gas Company
8.1.2. Enoc Company
8.1.3. Woqod
8.1.4. Abu Dhabi National Oil Company
8.1.5. Badeal
For more information about this report visit https://www.researchandmarkets.com/r/n87tls
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MENAFN1703202000703653ID1099867037
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.