More Than 1.4 Million Autogas Vehicles Will be Sold Annually Worldwide by 2020, Forecasts Pike Research

Wed Feb 20, 2013 5:00am EST

* Reuters is not responsible for the content in this press release.

BOULDER, Colo.--(Business Wire)--
With a cost per gallon significantly lower than gasoline or diesel in many
countries, and at least an initial existing infrastructure, the vehicle market
for liquefied petroleum gas (LPG), otherwise known as propane or autogas, seems
poised for growth. However, increasing interest in compressed natural gas as a
vehicle fuel, along with hesitation by both biofuel producers and auto
manufacturers to make a significant investment in autogas, will most likely
limit future growth in this sector to a slow and steady pace. According to a new
report from Pike Research, a part of Navigant`s Energy Practice, the number of
autogas vehicles sold worldwide each year will surpass 1.4 million by 2020. 

"Autogas is relatively clean burning, easy to store and transport, has high
energy content, and is widely available in many countries," says senior research
analyst David Alexander. "In countries with government incentives, a commitment
to limiting fuel taxes, infrastructure to make the fuel easy to obtain, and the
availability of vehicles, this market will accelerate. That`s unlikely to
happen, though, in countries where autogas is not already established." 

Turkey, where more than 200,000 autogas vehicles are sold each year, is by far
the largest market in the world for these vehicles, according to the report.
Because most applications for LPG have the fuel delivered to on-site storage
tanks, the most popular automotive use in many countries is for fleet
operations, where vehicles return to a central depot every day. 

The report, "Propane Autogas Vehicles", 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. An Executive Summary of the
report is available for free download on the Pike Research website. 

About Pike Research

Pike Research, which joined Navigant`s global Energy Practice on July 1, 2012,
provides in-depth analysis of global clean technology markets. The team`s
research methodology combines supply-side industry analysis, end-user primary
research and demand assessment, and deep examination of technology trends to
provide a comprehensive view of the Smart Energy, Smart Utilities, Smart
Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Pike Research can be found at 

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to
assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with clients,
Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at 

* The information contained in this press release concerning the report,
"Propane Autogas Vehicles," is a summary and reflects Pike Research`s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report`s conclusions and the methodologies used to create the report. Neither
Pike Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

Pike Research
Richard Martin, +1-303-997-7609
Laverne Murach, +1-202-481-7336

Copyright Business Wire 2013

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