Global Natural Gas Storage Market 2019-2023
- Published: Apr 2019
- Pages: 120
- SKU: IRTNTR31147
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The global natural gas storage market size will grow by 64.36 million toe during 2019-2023. This industry research report provides a detailed analysis of the market based on type (underground storage and above-ground storage) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several natural gas storage companies including Costain Group PLC, ENBRIDGE INC., ENGIE, Royal Vopak, and Uniper SE.
Below are some of the key findings from this natural gas storage market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global natural gas storage industry overview
The growing demand for natural gas is one of the primary factors for the global natural gas storage market growth. The usage of natural gas for power generation, space heating, and transportation results in its high adoption by end-user industries. Moreover, the positive impact of natural gas on air quality and low carbon dioxide emission also increases its need globally. These factors result in the high requirement of natural gas storage systems to ensure undisrupted supply during higher and seasonal demand.
Technological advancements such as solidified natural gas (SNG) and LUMEN technology in natural gas storage systems is one of the key trends that will gain traction in the market. SNG has the potential to store large volumes of natural gas in compact crystals of gas hydrates, which are environment-friendly and safe. Moreover, LUMEN technology provides real-time data from sensors and helps in meeting the safety and regulatory requirements while storing natural gas. These factors result in the high adoption of technologically advanced natural gas storage systems by end-users, positively impacting market growth at a CAGR of close to 3% during the forecast period.
Top natural gas storage companies covered in this report
The global natural gas storage market is moderately fragmented. To help clients improve their revenue share, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Key insights provided by this natural gas storage market analysis report will help companies make informed business decisions.
The report offers a detailed analysis of several leading natural gas storage companies, including:
- Costain Group PLC
- ENBRIDGE INC.
- ENGIE
- Royal Vopak
- Uniper SE
Natural gas storage market segmentation based on type
- Underground storage
- Above-ground storage
Underground storage segment held the largest natural gas storage market share in 2018 because of its low operational and infrastructure cost. The market share of this segment will decrease in the coming years. However, it will continue to dominate the market throughout the next five years.
Natural gas storage market segmentation based on region
- Americas
- APAC
- EMEA
EMEA accounted for the largest natural gas storage market share in 2018. The market share of EMEA will increase because of the rising demand for natural gas and the growing focus on clean energy in the region and EMEA will continue to dominate the market throughout the forecast period.
Key highlights of the global natural gas storage market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the natural gas storage market during the next five years
- Precise estimation of the global natural gas storage market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the natural gas storage industry across APAC, Americas, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of natural gas storage companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Underground storage - Market size and forecast 2018-2023
- Above-ground storage - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Advances in natural gas storage
- Emerging regulations to ensure safety of natural gas storage facilities
- Rising demand for natural gas in transportation sector
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Costain Group PLC
- ENBRIDGE INC.
- ENGIE
- Royal Vopak
- Uniper SE
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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