China Compressed Natural Gas Market Size & Outlook
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China compressed natural gas market highlights
- The China compressed natural gas market generated a revenue of USD 35,219.0 million in 2024 and is expected to reach USD 77,764.4 million by 2030.
- The China market is expected to grow at a CAGR of 14.3% from 2025 to 2030.
- In terms of segment, non associated gas was the largest revenue generating source in 2024.
- Refinery is the most lucrative source segment registering the fastest growth during the forecast period.
Compressed natural gas market data book summary
| Market revenue in 2024 | USD 35,219.0 million |
| Market revenue in 2030 | USD 77,764.4 million |
| Growth rate | 14.3% (CAGR from 2025 to 2030) |
| Largest segment | Non associated gas |
| Fastest growing segment | Refinery |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refinery, Associated Gas, Non Associated Gas |
| Key market players worldwide | ExxonMobil, BP PLC, TotalEnergies SE, Chevron Corp, Eni, Equinor ASA, ConocoPhillips, Cabot Energy, Gazprom, Shell PLC, Occidental Petroleum Corp |
Other key industry trends
- In terms of revenue, China accounted for 19.9% of the global compressed natural gas market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China compressed natural gas market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,576.0 million by 2030.
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Compressed Natural Gas Market Scope
Compressed Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cabot Energy | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.cabot-energy.com/ |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Occidental Petroleum Corp | View profile | 12570 | 5 Greenway Plaza, Suite 110, Houston, TX, United States, 77046 | https://www.oxy.com |
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Gazprom | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.gazprom.com |
| ConocoPhillips | View profile | 10000 | 925 North Eldridge Parkway, Houston, TX, United States, 77079 | https://www.conocophillips.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Eni | View profile | 10001+ | Rome, Lazio, Italy, Europe | http://www.eni.com/en_IT/home.html |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
China compressed natural gas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to compressed natural gas market will help companies and investors design strategic landscapes.
Non associated gas was the largest segment with a revenue share of 65.41% in 2024. Horizon Databook has segmented the China compressed natural gas market based on refinery, associated gas, non associated gas covering the revenue growth of each sub-segment from 2018 to 2030.
The compressed natural gas (CNG) market in China is driven by several key factors, including government initiatives aimed at promoting cleaner energy sources and the urgent need to reduce air pollution.
As urban areas grapple with high levels of smog and greenhouse gas emissions, CNG is increasingly viewed as a viable alternative to conventional fuels, particularly in public transportation and commercial vehicles. The Chinese government supports this transition through policies and incentives that encourage the adoption of CNG vehicles and the expansion of refueling infrastructure
Additionally, the country's vast natural gas resources, including significant shale gas reserves, provide a reliable supply for CNG production. The rising disposable income among the middle class also contributes to increased demand for cleaner transportation options. Collectively, these factors position China's CNG market for substantial growth as it aligns with national goals for sustainable development and environmental protection.
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Target buyers of China compressed natural gas market databook
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Our clientele includes a mix of compressed natural gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China compressed natural gas market , including forecasts for subscribers. This country databook contains high-level insights into China compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China Source - Compressed Natural Gas Market size, 2024 - 2030 (US$M)
China Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
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