Product Code: ETC8622019 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
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 Nigeria Compressed Natural Gas (CNG) Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Compressed Natural Gas (CNG) Market - Industry Life Cycle |
3.4 Nigeria Compressed Natural Gas (CNG) Market - Porter's Five Forces |
3.5 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Compressed Natural Gas (CNG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of cleaner fuel alternatives in Nigeria. |
4.2.2 Government initiatives and policies promoting the use of compressed natural gas (CNG) as a cleaner fuel source. |
4.2.3 Growth in the transportation sector leading to higher demand for CNG as a fuel. |
4.2.4 Potential cost savings associated with using CNG compared to traditional fuels. |
4.2.5 Environmental concerns and regulations driving the shift towards CNG usage. |
4.3 Market Restraints |
4.3.1 Lack of infrastructure for CNG distribution and refueling stations in Nigeria. |
4.3.2 Initial high investment costs for setting up CNG infrastructure and conversion of vehicles to run on CNG. |
4.3.3 Limited availability and accessibility of CNG vehicles and equipment in the market. |
4.3.4 Price volatility in the natural gas market impacting the cost-effectiveness of CNG. |
4.3.5 Perceived safety concerns related to handling and storing CNG. |
5 Nigeria Compressed Natural Gas (CNG) Market Trends |
6 Nigeria Compressed Natural Gas (CNG) Market, By Types |
6.1 Nigeria Compressed Natural Gas (CNG) Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Source, 2021- 2031F |
6.1.3 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Associated Gas, 2021- 2031F |
6.1.4 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Non-Associated Gas, 2021- 2031F |
6.1.5 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Unconventional Sources, 2021- 2031F |
6.2 Nigeria Compressed Natural Gas (CNG) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Light-Duty Vehicles, 2021- 2031F |
6.2.3 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Medium/Heavy Duty Buses, 2021- 2031F |
6.2.4 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Medium/Heavy Duty Trucks, 2021- 2031F |
6.2.5 Nigeria Compressed Natural Gas (CNG) Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Compressed Natural Gas (CNG) Market Import-Export Trade Statistics |
7.1 Nigeria Compressed Natural Gas (CNG) Market Export to Major Countries |
7.2 Nigeria Compressed Natural Gas (CNG) Market Imports from Major Countries |
8 Nigeria Compressed Natural Gas (CNG) Market Key Performance Indicators |
8.1 Number of new CNG refueling stations opened in Nigeria. |
8.2 Percentage increase in the number of CNG vehicles registered annually. |
8.3 Average distance covered by CNG vehicles per month. |
8.4 Carbon emission reduction achieved through the use of CNG compared to traditional fuels. |
8.5 Investment in CNG infrastructure development and expansion projects. |
9 Nigeria Compressed Natural Gas (CNG) Market - Opportunity Assessment |
9.1 Nigeria Compressed Natural Gas (CNG) Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Nigeria Compressed Natural Gas (CNG) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Compressed Natural Gas (CNG) Market - Competitive Landscape |
10.1 Nigeria Compressed Natural Gas (CNG) Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Compressed Natural Gas (CNG) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |