Natural Gas Market Growth and Trends
The market is gaining traction owing to its high efficiency and clean burning properties. The easy availability of natural gas has driven the market even higher and the prices lower. The transportation process of natural gas as LNG is very convenient. It can easily take up liquid and gaseous forms with temperature fluctuations. The use of natural gas as a source for electricity production is increasing due to continuous exhaustion of coal reserves. Owing to the falling prices, industries are gradually shifting towards natural gas as an alternate energy source. The industrial expansion is expected to play a major role in the upscaling of natural gas market globally.
Natural Gas Market shall reach a value of $2x61.4 Million in 2031, growing with a CAGR of 12.13% during the forecast period of 2022 to 2031.
Natural Gas Industry Regional Analysis
The key producers of natural gas are USA, Russia, China, and Canada, manufacturing enough for regional use and global export through pipelines or in the form of LNG. The presence of pipeline connectivity in European and American regions has made it a readily acceptable source of energy, Asian community still lacks the connections making the transport possible in the form of LNG alone. USA dominates the industry due to extensive advancement is the extraction technologies. Presence of huge reservoirs of shale gas in the USA has intensifies the production rate.As per demand is concerned, India and China are expected to have an unprecedented need for natural gas pertaining to the rising use in the industrial sector. With the rapid industrial expansion, these regions are projected to bring in a major portion of revenue in this market.Natural gases are most commonly used for home heating system making it a very weather sensitive product. With increasing global temperatures and warmer winters, the demand is expected to decline. As the demand graph drops and rises owing to the weather fluctuations, the price goes up and down the year around making the market quite unstable. The price instability is further fueled by the supply inflexibility owing to the production constraint, fixed pipeline capacity, time taken by gas molecules to travel the pipeline and limited storage options locally. The transportation process of natural gas is almost three times more expensive than oil affecting the market in regions dependent on imported product.
Natural Gas Market Research Report Scope/Definition
For the purpose of this market research report, natural gas is defined as fossil fuel is created using the remains of plants and animals. Natural gas is mainly used as fuel for generating electricity and heat. Natural gas is compressed form is used as fuel for automobiles. It is also used as fuel for air conditioners and boilers and can also be used in the production of fertilizers, mostly ammonia. Natural gas is extremely efficient and economical to power water heaters, space heaters, dryers, and stoves. Natural gas prices are affected mainly by the high demand globally and its seasonal nature, meaning its price heavily changes during the winter season. Natural gas is abundant, has versatility properties hence a good partner to renewable sources of energy. Natural gas is also the cleanest-burning hydrocarbon present. Natural gas is available globally and can significantly help countries handle short-term supply disruptions of electricity.
Natural Gas Market Share and Competition
Key companies operating in this industry are: Shell, Gazprom, Total, BG, PetroChina Co Ltd, Husky Energy Inc, NGL Energy Partners LP, Devon Energy Corp, VNG - Verbundnetz Gas Aktiengesellschaft and Others.
Natural Gas Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Transport
• Industrial
• Electric power
• Others.
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Natural Gas Industry Companies
• Shell
• Gazprom
• Total
• BG
• PetroChina Co Ltd
• Husky Energy Inc
• NGL Energy Partners LP
• Devon Energy Corp
• VNG - Verbundnetz Gas Aktiengesellschaft.
Available Versions of Natural Gas Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
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