In 2023, total support for natural gas in transportation in the US stood at a pre-forecast value. From 2024 to 2028, forecasts indicate a consistent increase from 71.33 million USD to 82.23 million USD, showing a steady rise in support for this energy source.
Year-on-year growth from 2024 to 2025 is approximately 3.84%, 2025 to 2026 at 3.68%, 2026 to 2027 at 3.54%, and 2027 to 2028 at 3.41%. The five-year compound annual growth rate (CAGR) is about 3.71%.
Future Trends to Watch:
- Emergence of alternative fuels and technologies competing with natural gas.
- Regulatory policies impacting natural gas adoption in transportation.
- Technological advancements in natural gas vehicle infrastructure.
