India CNG Demand to Boost India Natural Gas Sector

CNG consumption in India is expected to grow at a CAGR of around 22% during FY 2011-FY 2013, says RNCOS in its new research report.

Noida, India (prHWY.com) March 13, 2011 - According to our new research report "Indian Natural Gas Sector Analysis", the natural gas sector in India is one of the fastest growing sectors in the country. The natural gas is rapidly gaining its appropriate place in India's huge energy basket that incorporates both renewable and non-renewable energy sources to meet soaring domestic energy demand. Despite intense pressure on oil & marketing companies, we have found that Liquefied Petroleum Gas and Compressed Natural Gas are positioning themselves as a future fuel option for both industrial and non-industrial sectors in the domestic market. We expect that the CNG consumption in India will grow at a CAGR of around 22% during FY 2011-FY 2013.

As per our research, CNG market in India is primarily focused on light-duty vehicles. So, there is a significant opportunity with the companies to bring their cost-effective solutions to the medium and heavy-duty truck and transit bus market, stationary generators of all sizes, and so on.

Apart from CNG, LNG, and LPG are also are also showing promising future prospects. LNG and LPG segments have shown a tremendous growth in the past and we anticipate that these segments will grow significantly in the coming years on the back of various reasons discussed in our report.

Further, our report reveals that despite major new natural gas discoveries in recent years, India continues to increase gas imports to meet its future needs. This is due to the fact that India's consumption of natural gas has risen faster than its supply in the recent years. We expect that India's natural gas import will further grow in the coming years. To help meet this growing demand, numerous import schemes including both LNG and pipeline projects have been implemented in the country.

Our report "Indian Natural Gas Sector Analysis", provides qualitative as well as quantitative analysis of ongoing as well as future market trends for all prominent market segments. The report provides exhaustive analysis on gas demand and supply, gas allocation, gas pricing, exploration & development, etc. to facilitate deeper market understanding. Besides, the report has identified key players in the industry and includes their detail business description, recent activities, and strengths & weaknesses.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM232.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india natural gas

Categories: Energy

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