The amount of global natural gas refueling stations is expected to grow from the current 23,001 to 38,887 by 2025, according to a report from Navigant Research.
The report, Natural Gas Vehicle Refueling Infrastructure, credits the rising interest in natural gas to its abundant supply, low price, and the increasingly stringent greenhouse gas emissions standards in world markets.
While there are multiple benefits to natural gas, the report states that the global density of natural gas refueling stations varies widely. This unreliable infrastructure causes negatively affects retail customers’ interest in natural gas vehicles which then adversely affects station operators’ desire to invest in natural gas equipment, according to the report.
However, future economic growth, fuel prices, natural gas vehicle sales, equipment costs, and regulations should help promote the growth of natural gas infrastructure, according to the report.