MARKET STUDY OF

CNG
REGULATOR FOR AUTOMOTIVE APPLICATIONS

SUBMITTED BY: CHAITANYA

NIRGULE
PRN: 23020241037
WHAT IS CNG REGULATOR?
• A CNG regulator, also known as a compressed natural gas regulator, is a
crucial component in CNG vehicles, ensuring the safe and efficient
delivery of CNG from the storage tank to the engine.

• It functions as a pressure reduction valve, lowering the high-pressure

CNG stored in the tank to a safe and usable level for the engine. This
pressure reduction process is essential to prevent overpressurization of the
engine components and ensure optimal vehicle performance.

• Key features of CNG regulators include

• Pressure reduction
• Safety
• Durability
• Accuracy
• Compactness
MARKET SIZE
• By volume:

As of 2023, there are an estimated 23

million CNG Regulators
worldwide. This number is expected to grow to 40 million by
2027 as more number of NGV’s will manufacture . • Source: Vahan
(Source: https://afdc.energy.gov/vehicles/natural_gas.html)
CNG vehicle sales 2023
• By value

Global Gas Pressure Regulators Market is Expected to Reach

US$ 4.4 Billion by 2033 With a CAGR of 3.4% Over the
Forecast Period
(Source: Investors Observer)

• Source: Statista
 CURRENT & FUTURE TECHNOLOGY
• Feature • Current Technology • Future Technology

• Microelectromechanical systems (MEMS)-based regulators, solenoid

• Diaphragm-type valves, and electronic control systems.
• Technology
regulators • Entire CNG system which consist of CNG electronic control
units(ECU), injectors, filling valves and tank walls

• Reliability,
• Advantages • Compactness, lightweight, improved performance, enhanced safety
affordability

• Bulkiness,
• Disadvantages • Higher cost
heaviness

• CNG vehicles,
• Applications industrial • CNG vehicles, industrial applications, aerospace applications
applications
GLOBAL -COMPETITORS- DOMESTIC
 POTENTIAL CUSTOMERS
1. Original Equipment Manufacturers (OEMs): OEMs are the companies that manufacture
and sell new vehicles. Toyota, Honda, Fiat Chrysler Automobiles, General Motors, and Ford,
Maruti Suzuki.

2. Aftermarket Parts Suppliers: Aftermarket parts suppliers are the companies that sell parts
and accessories for vehicles. Parker Hannifin, Bosch, and Emerson provide a wide range of
CNG components, including regulators.

3. Refueling Station Operators:They need to use CNG regulators to control the flow of CNG
from the storage tanks to the vehicles.

4. Forklift manufacturers like Linde, Hyster-Yale, and Toyota offer CNG-powered forklifts
for warehouse and industrial operations.
 RECOMMENDATION FOR THIS PRODUCT TO ENTER/NOT
ENTER THIS MARKET
• Expanding CNG Market: The CNG vehicle market is expected to grow steadily, driven by government
incentives, environmental concerns, and increasing refueling station availability.
• Diverse Customer Base: The potential customer base spans OEMs, aftermarket suppliers, fleet operators,
repair shops, and industrial users.
• EV Limitations: The time required for EVs to capture the entire market due to charging infrastructure and
battery issues extends the dominance of natural gas as a consumer choice.
• Bio-CNG Trend: The rising popularity of bio-CNG further increases the demand for CNG regulators.
• Regional Focus: Asia and India, in particular, are experiencing significant growth in CNG adoption,
presenting a lucrative market for CNG regulators.
• Government Support: Government policies promoting CNG adoption create a favorable market environment
for CNG regulators.

Considering the favorable market conditions and growth potential, it is highly recommended to enter the CNG
regulator market.