Natural gas is a — colourless-odourless — flammable gas composed of methane and other hydrocarbons. With augmenting demand for natural gas storage facilities in China, several new natural gas storage facilities are being constructed across the country.
Natural gas storage facility operators are emphasizing more on safety, in order to maximize safety and operational efficiency.
However, high installation cost is a key factor hampering growth of the global natural gas storage market. Where are the hotspots for gas storage market and where is the major investment expected in the next five years.
The natural gas storage market has been segmented as follows: The market Study is putting a lot of emphasis on macro-economic issues, influencing factors and key market trends and drivers that are changing the dynamics of Global Natural Gas Storage.
Besides studying the growth drivers and restraints and the market segmentation, the report also analyzes the regulatory framework of the Global Natural Gas Storage market so as to offer keen stakeholders a proper understanding of the different policies, regulations, and future projects, which will likely shape the trajectory of the market.
The report provides an overview of these companies, followed by their financial details if availablebusiness strategies, and recent developments. Asia Pacific Opens up New Windows for Further Growth The global market for natural gas storage can be segmented by geography and type of storage.
Strict and stringent safety regulations are being imposed in gas storage activities due to high risk of unusual accidents. This is a key factor expected to drive growth of the global natural gas storage market. North America emerged as the second-leading segment, with Asia Pacific at its heels.
For this research study, the base year iswhereas the forecast is from to The expanding volume of investments in natural gas storage, government encouragement via advantageous incentives, and availability of raw materials in the region are propelling the market for natural gas storage in this region.
One mistake in these operations can result as a massive problem and unrecoverable loss. Which region is going to tap highest market share in future.
Increasing investments in the exploration of new oil and gas fields and swelling demand for natural gas storage facilities have been responsible for the growth of the underground natural gas storage segment.
The report predicts the global natural gas storage system market to grow with a healthy CAGR over the forecast period of Apart from underground storage, natural gas can also be stored in the form of liquefied natural gas LNG.
European nations have been exhibiting higher demand for natural gas storage facilities over the last few years. This is partly driven by the fact that it has much lower carbon intensity compared to coal, for which it is favored by governments planning to reduce greenhouse gas emissions in several countries.
Nov 07, · The natural gas market is becoming more globalized, driven by the availability of shale gas and the rising supplies of liquefied natural gas.
As gas trade increases, so do the concerns about natural gas security, as a demand or supply shock in one region may now have repercussions in others.
China has 25 natural gas storage facilities with a total capacity of more than 10 billion cubic meters. The country is one of the top oil & gas producer.
CNPC is planning to build storage facilities in the country with total capacity of 21 billion cubic meters and is expected to cost USD billion.
Notes: Sales, means the sales volume of Natural Gas Storage Revenue, means the sales value of Natural Gas Storage This report studies sales (consumption) of Natural Gas Storage in Global market, especially in United States, China, Europe and Japan, focuses.
Gas storage has been instrumental in providing natural gas in critical times. Security of supply, be it to manage harsh winters or political crises, has been the strongest driver in addition to increasing use of gas for power generation for the market.
The report predicts the global natural gas storage system market to grow with a healthy CAGR over the forecast period of The study on natural gas storage system market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for.
The report predicts the global natural gas storage system market to grow with a healthy CAGR over the forecast period ofGlobal natural gas storage market