Monday April 28, 2014 0 commentsBOULDER - New drilling techniques and pipelines have made natural gas a significantly more competitive fuel than a decade ago, and a new report by Navigant Research says the number of natural gas trucks and buses on roads worldwide will grow from 1.5 million this year to 3.7 million by 2022.
"Natural gas vehicle sales are largely being driven by four key forces," said Dave Hurst, Navigant principal research analyst. "These include the economic benefits, the increased availability of vehicles, the environmental benefits and the growing of refueling infrastructure."
Navigant said although the NG vehicle market is somewhat tied to the growth of the overall economy and specific industries, makers of NG trucks and buses have found some niches that have proven stronger than the overall market.
Those niches include the refuse truck, day cab truck and transit bus markets, Navigant said.
The report, "Natural Gas Trucks and Buses," analyzes the global market for trucks and buses that are in the medium duty, heavy duty and gross vehicle weight classes.
An Executive Summary of the report is now available for free download on the Navigant Research website.