Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Forecast: 1 million new NG-fueled vehicles to hit global roads by 2019

01.11.2013  | 

Pike Research recently issued a forecast calling for the sale of nearly 1 million new natural gas-fueled trucks and buses on roads worldwide between 2012 and 2019.

Keywords:

Pike Research recently issued a forecast calling for the sale of nearly 1 million (MM) new natural gas (NG)-fueled trucks and buses on roads worldwide between 2012 and 2019.

Since trucks and buses use significant amounts of fuel and tend to emit high levels of greenhouse gases (GHGs), diesel- and NG-fueled vehicles (NGVs) are increasingly attractive options in these commercial markets.

Pike Research's report analyzes the global market opportunity for NGVs in the medium- and heavy-duty truck and bus markets.

Researchers noted that NG provides a financial benefit because, in most cases, the higher incremental cost of a NGV is typically recovered, due to lower fuel costs, within two to seven years.

NG trucks typically run on compressed natural gas (CNG) because their tanks weigh less and are less costly than those for liquefied natural gas (LNG).

LNG trucks, however, are increasingly used as longer-range vehicles (400 miles or more, compared to 150–300 miles for CNG vehicles) and are seeing higher growth rates than CNG trucks (17% vs. 14% in heavy-duty trucks).

The worldwide breakdown of refueling stations for these two types of NG is 117 LNG refueling stations vs. 20,233 CNG refueling stations. Around 45% of the LNG refueling stations are located in the US, even though China has the largest annual sales for LNG fueled trucks, with 3,020 vehicles sold in 2012.

The consultancy expects sales of NG trucks and buses to expand steadily over the remainder of the decade. More than 930,000 of these vehicles will be sold worldwide in the seven years to 2019, the study concludes.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Dave Limb
01.19.2013

Are you sure of the remark that CNG tanks weigh less than LNG tanks? When you include the weight of stored fuel, the energy density per unit volume of LNG is about 3x CNG at 200 bar. And the CNG tanks (bullets) at this pressure are pretty heavy. The LNG tank is relativey thin-walled but does require insulation and maybe a vacuum jacket and is admittedly likely to cost more.

Carlos
01.18.2013

In Argentina more than 1,4 million cars run everyday on CNG and all main highways have refueling stations enough to cross the country.

Related articles

FEATURED EVENT

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


83%

17%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2013 Hydrocarbon Processing. © 2013 Gulf Publishing Company.