Skip to content Go to sitemap View accessibility statement
  • M-F 7a-5p EST
  • 800-222-2177
  • [email protected]
  • LinkedIn
ChemTec Equipment Company
  • About
    • Quality
    • Example Applications
    • Media
  • Product Catalog
    • Adjustable Flow Monitors, Sensors & Switches
    • Non-Adjustable Flow Monitors, Sensors & Switches
    • Flow Meters
    • Excess Flow Valves
    • Accessories
    • Request a Quote
    • Application Inquiry
    • Flow Monitors, Flow Meters, and Excess Flow Valves
  • Find A Distributor
  • Resources
    • News
    • Join Our Email List
    • Crash Course Videos
    • Terms & Conditions of Sale
  • Contact
  • About
    • Quality
    • Example Applications
    • Media
  • Product Catalog
    • Adjustable Flow Monitors, Sensors & Switches
    • Non-Adjustable Flow Monitors, Sensors & Switches
    • Flow Meters
    • Excess Flow Valves
    • Accessories
    • Request a Quote
    • Application Inquiry
    • Flow Monitors, Flow Meters, and Excess Flow Valves
  • Find A Distributor
  • Resources
    • News
    • Join Our Email List
    • Crash Course Videos
    • Terms & Conditions of Sale
  • Contact

CNG Market is Anticipated to Reach $129.8 Billion by 2020

Home » News » CNG Market is Anticipated to Reach $129.8 Billion by 2020
  • Originally published April 23, 2015
  • in Industry Articles

Natural gas is a domestically produced fossil fuel comprised mostly of methane. It is one of the cleanest burning alternatives to gasoline, diesel and propane and it can be used in the form of Compressed Natural Gas and Liquefied Natural Gas to fuel automobiles. CNG and LNG produce fewer undesirable gases than the alternative fuels and are also safer in the event of a spill because the natural gas is lighter and will disperse quickly when released.

Industry Growth

Global compressed natural gas market is anticipated to reach $129.8 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global natural gas vehicles industry combined with increased automobile fuel efficiency attributed by CNG is anticipated to remain a key driving factor for the global market. Gas line breaks from ground movement, natural disasters, or third party damage can result in potentially catastrophic events from gas release into the atmosphere. Installing excess flow valves automate shutoff of a ruptured gas line to prevent explosions, like on most recent building collapse in New York City.

Featured Product: HPEFV

ChemTec’s Excess Flow Valve integration into CNG fuel systems on the supply line provide automatic shut down in the event of a line rupture.

Product Features:HPEFV-400x400

  • Controls high pressure excessive flows
  • Controlled bleed resets automatically
  • Field adjustable
  • Positive shut-off option
  • Maximum pressure 6000 PSIG
  • Detects excess flows
  • Detects increase in media viscosity
  • Function: Restricts or shuts off flow
  • Output: Switch contact (optional)

 Related Industry Articles

UPS Building Additional 15 CNG Stations and Increasing Natural Gas Fleet 

UPS announced plans to build 15 compressed natural gas (CNG) fueling stations to support the purchase and planned deployment of 1,400 new CNG vehicles over the next year. Twelve of the CNG stations will be in new natural gas vehicle deployment areas, and three will replace existing CNG stations with more robust, higher capacity equipment. READ MORE.

Compressed Natural Gas Market is Expected to be Worth $129.77 Billion By 2020

Non-associated gas emerged as leading source for CNG and accounted for 89.9% of total market volume in 2013. Increasing drilling activities particularly in Middle East is expected to ensure continuous supply of non-associated gases for CNG over the forecast period. READ MORE.

For more information about ChemTec’s HPEFV in CNG applications or other product inquires, please contact our team at (800) 222-2177 or request a quote.

  • Tagged as: CNG, excess flow valve, HPEFV

Recent Articles

misc flow

Gas Leak Detection: Choosing the Right Sensors and Monitors

April 30, 2025
A photo of a chemical processing plant with the Chemtec logo overlayed

Flow Solutions for Process Instrumentation and Sensors

January 22, 2025
A photo of rushing water in a narrow canal with the ChemTec logo and a dotted pattern overlaying the image.

The Future of Flow Control – Trends and Predictions

December 4, 2024

Quick Links

  • Online Product Catalog
  • Download Product Catalog (PDF)
  • Find A Distributor
  • News
  • Request a Quote
  • Application Inquiry
  • Join Our Email List
  • Online Product Catalog
  • Download Product Catalog (PDF)
  • Find A Distributor
  • News
  • Request a Quote
  • Application Inquiry
  • Join Our Email List
ChemTec Equipment Company

Monitoring Perfection Since 1968

Based in the USA
3077 S.W. 13th Drive
Deerfield Beach, FL 33442

Toll-Free: (800) 222-2177
Local/Int’l: +1 (954) 428-8259

Proud Supporter of Florida Trade

Florida Trade Logo - ChemTec is Proud Supporter of Florida Trade
As seen in: Industry News Alert. Hydraulics and Pneumatics. Process Cooling. The Morning Bell.
Copyright © 2025 ChemTec Equipment Company, Inc., All Rights Reserved. Web Marketing by Connect Agency.
  • Quality
  • Terms & Conditions of Sale
  • Website Privacy / Terms
  • Cookie Policy
  • Accessibility Statement
  • Sitemap
  • Quality
  • Terms & Conditions of Sale
  • Website Privacy / Terms
  • Cookie Policy
  • Accessibility Statement
  • Sitemap
ChemTec's Newest Excess Flow Switch Designed for Ultra-High Purity Applications. Inventory available for immediate delivery. Contact us for in-stock sizes and flow rates. Request more info about ChemTec's LPH UHP 250/375 Series and LPH UHP 8 Series. Two CAD images of the LPH UHP 250/375 and the LPH UHP 8.
By continuing to use our site, you acknowledge that you accept our Website's Privacy Policy and Terms of Use. We also use cookies to provide you with the best possible website experience. You can learn more about the cookies we use and how to manage them here.Okay