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Liquefied Petroleum Gas Vehicle Availability, LPG Refueling Infrastructure, Engine Technology, and Fuel System Components: Market Analysis and Forecasts
Autogas is the term most commonly used in the market for liquefied petroleum gas (LPG) used as an automotive transport fuel, and it represents approximately 9% of the global consumption of LPG. While LPG is relatively clean-burning, easy to store and transport, has high energy content, and is widely available in many countries, supplies of natural gas have become much more abundant over the last few years as new extraction process have been developed, and natural gas now challenges autogas as an alternative vehicle fuel to gasoline and diesel.
Although the market for autogas is global, the penetration for use as a vehicle fuel varies widely around the world. Few countries have created a refueling infrastructure to rival that for gasoline/diesel, but in most places batch delivery is well established, making it an ideal fuel for short range fleet operations if the cost per gallon is kept low. Some OEMs offer factory installation of autogas and dual-fuel systems, but only in countries where the market is mature and volumes have been steady for some years. Most conversions are done in the aftermarket. Pike Research anticipates that by 2020 there will be more than 23 million autogas vehicles operating on roads worldwide.
This Pike Research report analyzes the opportunities and challenges in the market for autogas vehicle conversions. The report provides an examination of autogas use in vehicles and highlights the countries where such conversions are most popular. The study includes forecasts through 2020 for component sales and installation labor cost by world region, along with a detailed analysis of the benefits, drivers, and market barriers for autogas vehicles. Key market players are also profiled.
Key Questions Addressed:
-Which regions of the world use autogas as a vehicle fuel and what are the alternatives?
-Which countries have the highest percentage of autogas vehicles on the road?
-What are the advantages and disadvantages of autogas as a vehicle fuel?
-How large is the market for autogas conversions?
-How fast will the market grow in each of the world regions?
-Who are the key industry players in the autogas vehicle market?
-How does autogas compare with other vehicle fuels?
Who needs this report?
-Vehicle component suppliers
-Liquid fuel suppliers
-Refueling infrastructure suppliers
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