| Product Code: ETC6156199 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Armenia import trend for compressed natural gas (CNG) experienced a significant growth rate of 412.5% from 2023 to 2024, despite a negative compound annual growth rate (CAGR) of -12.05% from 2020 to 2024. This growth could be attributed to increased infrastructure investment in CNG facilities, driving import momentum and potentially indicating a shift in demand towards cleaner energy sources in the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Compressed Natural Gas (CNG) Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Compressed Natural Gas (CNG) Market - Industry Life Cycle |
3.4 Armenia Compressed Natural Gas (CNG) Market - Porter's Five Forces |
3.5 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Compressed Natural Gas (CNG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives promoting the use of compressed natural gas as a cleaner fuel alternative. |
4.2.2 Growing environmental concerns and regulations favoring the adoption of cleaner energy sources like compressed natural gas. |
4.2.3 Rising awareness among consumers and businesses about the benefits of using compressed natural gas, such as lower emissions and cost savings. |
4.3 Market Restraints |
4.3.1 Limited infrastructure for compressed natural gas refueling stations, hindering widespread adoption. |
4.3.2 High initial investment costs associated with transitioning to compressed natural gas vehicles and infrastructure. |
4.3.3 Competition from other alternative fuels like electric vehicles impacting the growth of the compressed natural gas market. |
5 Armenia Compressed Natural Gas (CNG) Market Trends |
6 Armenia Compressed Natural Gas (CNG) Market, By Types |
6.1 Armenia Compressed Natural Gas (CNG) Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Source, 2021- 2031F |
6.1.3 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Associated Gas, 2021- 2031F |
6.1.4 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Non-Associated Gas, 2021- 2031F |
6.1.5 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Unconventional Sources, 2021- 2031F |
6.2 Armenia Compressed Natural Gas (CNG) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Light-Duty Vehicles, 2021- 2031F |
6.2.3 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Medium/Heavy Duty Buses, 2021- 2031F |
6.2.4 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Medium/Heavy Duty Trucks, 2021- 2031F |
6.2.5 Armenia Compressed Natural Gas (CNG) Market Revenues & Volume, By Others, 2021- 2031F |
7 Armenia Compressed Natural Gas (CNG) Market Import-Export Trade Statistics |
7.1 Armenia Compressed Natural Gas (CNG) Market Export to Major Countries |
7.2 Armenia Compressed Natural Gas (CNG) Market Imports from Major Countries |
8 Armenia Compressed Natural Gas (CNG) Market Key Performance Indicators |
8.1 Number of new compressed natural gas refueling stations opened in Armenia. |
8.2 Percentage increase in the number of compressed natural gas vehicles on the road. |
8.3 Average annual growth rate of investments in compressed natural gas infrastructure in Armenia. |
9 Armenia Compressed Natural Gas (CNG) Market - Opportunity Assessment |
9.1 Armenia Compressed Natural Gas (CNG) Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Armenia Compressed Natural Gas (CNG) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Compressed Natural Gas (CNG) Market - Competitive Landscape |
10.1 Armenia Compressed Natural Gas (CNG) Market Revenue Share, By Companies, 2024 |
10.2 Armenia Compressed Natural Gas (CNG) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |