The Latin America, Middle East and Africa CNG Powertrain Market is expected to witness market growth of 17.9% CAGR during the forecast period (2022-2028).
A CNG powertrain is essentially equivalent to a standard internal combustion engine that runs on gasoline. The CNG powertrain has a few different components, but the manner the fuel is utilizedis the same. The fuel is combined with air and consumed in the cylinder to generate power. Fuel is stored in different tanks, and CNG necessitated the use of a specific tank that could handle highly pressurized gas. Since the gas is under high pressure when it leaves the tank, it must first pass bya pressure regulator before being burned.
CNG engines contain a large number of electrically sensitive components. To start the car and power the accessories, these powertrains need a 12-volt battery system. An alternator operated by the engine charges the battery. As a result, when performing repairs or welding on the car, it is critical to separate and separate the battery & electrical system. Welding generates additional electrical current, which can harm critical engine electrical components. When maintaining the high-pressure gas tanks and pipes, more caution is required. In most tanks, there will be pressure vents that will need to be inspected following a collision.
The regional governments are highly focusing on more manufacturing of CNG supported vehicles and guiding automobile manufacturing units to heavily invest on CNG technologies that can be incorporated in automobiles to provide sustainability in the environment. The gas mileage of a fuelpowertrainconverted to run on CNG is nearly the same. As a result, the mileage of thepowertrain increases substantially.
It is believed that transportation will be cheaper and people will find it simplerto move acrossas a result of the discovery of the possible cost reductions in using CNGAs per the benefit analysis of CNG asautomobile fuel when CNG is utilizedas a transportation fuel, CO2 emissions are reduced by a significant amountwhen compared to PMS (petrol) or diesel. Therefore, due to greater awareness among regional automobile manufacturers related to benefits of using CNG as a source of fuel in vehicles, the CNG powertrain market is likely to grow in the forecast period.
The Brazil market dominated the LAMEA CNG Powertrain Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $3,672.3 Million by 2028. The Argentina market is poised to grow at a CAGR of 18.5% during (2022-2028). Additionally, The UAE market is expected to display a CAGR of 17.6% during (2022-2028).
Based on Fuel Type, the market is segmented into Bi-fuel and Mono Fuel. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Drive Type, the market is segmented into Front Wheel Drive, All-wheel Drive, and Rear Wheel Drive. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Maruti Suzuki India Limited, FPT Industrial (Iveco Group), Volvo Group, Honda Motor Co. Ltd., Cummins, Inc., Hyundai Motor Company, Volkswagen AG, Ford Motor Company, Bosch Rexroth AG (Robert Bosch GmbH), and Nissan Motor Corporation.
By Fuel Type
A CNG powertrain is essentially equivalent to a standard internal combustion engine that runs on gasoline. The CNG powertrain has a few different components, but the manner the fuel is utilizedis the same. The fuel is combined with air and consumed in the cylinder to generate power. Fuel is stored in different tanks, and CNG necessitated the use of a specific tank that could handle highly pressurized gas. Since the gas is under high pressure when it leaves the tank, it must first pass bya pressure regulator before being burned.
CNG engines contain a large number of electrically sensitive components. To start the car and power the accessories, these powertrains need a 12-volt battery system. An alternator operated by the engine charges the battery. As a result, when performing repairs or welding on the car, it is critical to separate and separate the battery & electrical system. Welding generates additional electrical current, which can harm critical engine electrical components. When maintaining the high-pressure gas tanks and pipes, more caution is required. In most tanks, there will be pressure vents that will need to be inspected following a collision.
The regional governments are highly focusing on more manufacturing of CNG supported vehicles and guiding automobile manufacturing units to heavily invest on CNG technologies that can be incorporated in automobiles to provide sustainability in the environment. The gas mileage of a fuelpowertrainconverted to run on CNG is nearly the same. As a result, the mileage of thepowertrain increases substantially.
It is believed that transportation will be cheaper and people will find it simplerto move acrossas a result of the discovery of the possible cost reductions in using CNGAs per the benefit analysis of CNG asautomobile fuel when CNG is utilizedas a transportation fuel, CO2 emissions are reduced by a significant amountwhen compared to PMS (petrol) or diesel. Therefore, due to greater awareness among regional automobile manufacturers related to benefits of using CNG as a source of fuel in vehicles, the CNG powertrain market is likely to grow in the forecast period.
The Brazil market dominated the LAMEA CNG Powertrain Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $3,672.3 Million by 2028. The Argentina market is poised to grow at a CAGR of 18.5% during (2022-2028). Additionally, The UAE market is expected to display a CAGR of 17.6% during (2022-2028).
Based on Fuel Type, the market is segmented into Bi-fuel and Mono Fuel. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Drive Type, the market is segmented into Front Wheel Drive, All-wheel Drive, and Rear Wheel Drive. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Maruti Suzuki India Limited, FPT Industrial (Iveco Group), Volvo Group, Honda Motor Co. Ltd., Cummins, Inc., Hyundai Motor Company, Volkswagen AG, Ford Motor Company, Bosch Rexroth AG (Robert Bosch GmbH), and Nissan Motor Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Fuel Type
- Bi-fuel
- Mono Fuel
- Passenger Vehicle
- Commercial Vehicle
- Front Wheel Drive
- All-wheel Drive
- Rear Wheel Drive
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Maruti Suzuki India Limited
- FPT Industrial (Iveco Group)
- Volvo Group
- Honda Motor Co. Ltd.
- Cummins, Inc.
- Hyundai Motor Company
- Volkswagen AG
- Ford Motor Company
- Bosch Rexroth AG (Robert Bosch GmbH)
- Nissan Motor Corporation
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA CNG Powertrain Market by Fuel Type
Chapter 4. LAMEA CNG Powertrain Market by Vehicle Type
Chapter 5. LAMEA CNG Powertrain Market by Drive Type
Chapter 6. LAMEA CNG Powertrain Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Maruti Suzuki India Limited
- FPT Industrial (Iveco Group)
- Volvo Group
- Honda Motor Co. Ltd.
- Cummins, Inc.
- Hyundai Motor Company
- Volkswagen AG
- Ford Motor Company
- Bosch Rexroth AG (Robert Bosch GmbH)
- Nissan Motor Corporation
Methodology
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