Underground Gas Storage Market by Type, Product and Geography - Forecast and Analysis 2023-2027

Published: Aug 2023 Pages: 166 SKU: IRTNTR71858

Underground Gas Storage Market Analysis Report 2023-2027

The underground gas storage market size is estimated to grow at a CAGR of 5.36% between 2022 and 2027. The market size is forecast to increase by USD 9,797.35 million. The growth of the market depends on several factors including growing energy demand, ensuring energy security, and modernization of infrastructure. 

This underground gas storage market report extensively covers market segmentation by type (depleted fields, salt caverns, and aquifer reservoir), product (natural gas, hydrogen, and others), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Underground Gas Storage Market During the Forecast Period?

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Underground Gas Storage Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Underground Gas Storage Market Driver

One of the key factors driving the underground gas storage market growth is the growing energy demand. Factors such as the increasing need for a consistent supply of natural gas coupled with the increasing energy demand across the world significantly contribute to the growth of underground gas storage facilities. Additionally, it is essential to maintain a consistent supply as there is a growing demand for natural gas in the industrial, commercial, and residential sectors. industrial, commercial, and residential sectors. especially during times of variable demand or supply outages.

Furthermore, underground gas storage facilities offer an opportunity to store excess natural gas during periods of low demand and supply in order to maintain supply chain stability and provide energy security. As a result, several countries are able to overcome challenges such as seasonal changes, unanticipated supply disruptions, or geopolitical uncertainty due to this flexibility. Hence, such factors are expected to drive market growth during the forecast period.

Key Underground Gas Storage Market Trends

A key factor shaping the underground gas storage market growth is the development of gas trading hubs. Gas trading hubs are essentially central marketplaces where buyers and sellers can meet and exchange natural gas contracts, thereby increasing market liquidity and pricing transparency. As a result of these transactions, the gas market becomes more flexible and dynamic and it facilitates market players to react quickly to shifting supply and demand conditions.

Hence, underground gas storage facilities are essential as it allows participants to balance swings by injecting surplus gas during times of low demand and removing gas during times of high demand.  Netherlands TTF (Title Transfer Facility) is one of the major gas trading hubs exhibiting the efficiency of such market arrangements in maintaining supply security and streamlining gas flows. Hence, such factors are expected to drive market growth during the forecast period.

Key Underground Gas Storage Market Challenge

Competition from alternative storage technologies is one of the key challenges hindering the underground gas storage market growth. Some of the main alternatives to underground gas storage are emerging energy storage technologies like batteries and hydrogen storage. These alternatives can pose a significant threat to the global underground gas storage market growth.

Additionally, it has become essential for traditional petrol storage solutions to evolve as per the changing market conditions as there is a shift towards more sustainable energy sources. Furthermore, there is a growing popularity for batteries as a means of short-storage solutions as well as hydrogen storage for long-term and large-scale applications. Hence, such factors can hinder the market growth during the forecast period.

Underground Gas Storage Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Underground Gas Storage Market Customer Landscape

Who are the Major Underground Gas Storage Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Cardinal Gas Storage: The company offers solutions for underground gas storage that provide critical balancing needs for diverse markets and provide natural gas producers and shippers with much-needed working capacity.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Centrica Plc
  • China National Petroleum Corp.
  • Chiyoda Corp.
  • Costain Group Plc
  • EARTHWORKS
  • Enbridge Inc.
  • ENGIE SA
  • HOT Engineering GmbH
  • Japan Petroleum Exploration Co. Ltd.
  • KAPPA Engineering
  • Koninklijke Vopak NV
  • Mitsubishi Heavy Industries Ltd.
  • NAFTA as
  • RPS Group Plc
  • Samsung Heavy Industries Co. Ltd.
  • SGS SA
  • SNC Lavalin Group Inc.
  • TC Energy
  • Uniper SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Underground Gas Storage Market?

The depleted fields segment is estimated to witness significant growth during the forecast period. Depleted oil and gas reserves are the most widely used underground gas reservoirs. After extracting oil and gas from these reserves, these fields are geologically likely to contain natural gas in their formations. Geographic and geological factors determine whether a depleted field is capable of containing gas. These geographical factors include the proximity of the mine to the fuel consumption region. This proximity facilitates the transportation and distribution of gas.

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The depleted fields segment was the largest segment and was valued at USD 22,388.50 million in 2017The use of a depleted field for underground gas storage has certain advantages, as it reduces environmental damage, the presence of several access points, and an understanding of geologic formations. The nature of the wells creates favorable conditions for gas storage. In addition, depletion means low exploration and well drilling costs, while the reuse of installed equipment reduces operating costs and reduces the need for periodic inspections. Due to these factors, the adoption of depleted fields type of underground gas storage is expected to grow thus boosting the growth of the market during the forecast period. 

Which are the Key Regions for the Underground Gas Storage Market?

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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Another region offering significant growth opportunities to vendors is Europe. There is significant growth in the global underground gas storage market in Europe due to its dedication to energy security and supply flexibility. Several countries in Europe such as  Germany, the Netherlands, and Italy are extensively using underground gas storage facilities that enables these countries to store surplus gas during periods of low demand and withdraw during periods of peak usage, resulting in a consistent reliable energy supply. Factors such as the large gas infrastructure in Europe and the requirement to balance fluctuating renewable energy sources have fuelled the growth of the market in the region. Hence, such factors are expected to drive market growth in the region during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global underground gas storage market witnessed a significant slowdown due to the closure of most manufacturing facilities and production units, such as gas distribution companies, industrial facilities, and power plants, which adversely affected the volume of sales of underground gas storage in Europe. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the restoration of manufacturing and business operations. Such factors are expected to drive the market during the forecast period.

Segment Overview

The underground gas storage market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Depleted fields
    • Salt caverns
    • Aquifer Reservoir
  • Product Outlook (USD Million, 2017 - 2027)
    • Natural gas
    • Hydrogen
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil 
      • Chile 

Underground Gas Storage Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.36%

Market growth 2023-2027

USD 9,797.35 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.55

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, Canada, Russia, Germany, and Ukraine

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Cardinal Gas Storage, Centrica Plc, China National Petroleum Corp., Chiyoda Corp., Costain Group Plc, EARTHWORKS, Enbridge Inc., ENGIE SA, HOT Engineering GmbH, Japan Petroleum Exploration Co. Ltd., KAPPA Engineering, Koninklijke Vopak NV, Mitsubishi Heavy Industries Ltd., NAFTA as, RPS Group Plc, Samsung Heavy Industries Co. Ltd., SGS SA, SNC Lavalin Group Inc., TC Energy, and Uniper SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Underground Gas Storage Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global underground gas storage market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global underground gas storage market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Depleted fields - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Depleted fields - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Depleted fields - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Depleted fields - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Depleted fields - Year-over-year growth 2022-2027 (%)
    • 6.4 Salt caverns - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Salt caverns - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Salt caverns - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Salt caverns - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Salt caverns - Year-over-year growth 2022-2027 (%)
    • 6.5 Aquifer Reservoir - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Aquifer Reservoir - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Aquifer Reservoir - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Aquifer Reservoir - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Aquifer Reservoir - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 Natural gas - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Natural gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Natural gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Natural gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Natural gas - Year-over-year growth 2022-2027 (%)
    • 7.4 Hydrogen - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Hydrogen - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Hydrogen - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Hydrogen - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Hydrogen - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 64: Market opportunity by Product ($ million)
      • Exhibit 65: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Russia - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Ukraine - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Ukraine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Ukraine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Ukraine - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Ukraine - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Cardinal Gas Storage
              • Exhibit 119: Cardinal Gas Storage - Overview
              • Exhibit 120: Cardinal Gas Storage - Product / Service
              • Exhibit 121: Cardinal Gas Storage - Key offerings
            • 12.4 Centrica Plc
              • Exhibit 122: Centrica Plc - Overview
              • Exhibit 123: Centrica Plc - Business segments
              • Exhibit 124: Centrica Plc - Key news
              • Exhibit 125: Centrica Plc - Key offerings
              • Exhibit 126: Centrica Plc - Segment focus
            • 12.5 Chiyoda Corp.
              • Exhibit 127: Chiyoda Corp. - Overview
              • Exhibit 128: Chiyoda Corp. - Business segments
              • Exhibit 129: Chiyoda Corp. - Key offerings
              • Exhibit 130: Chiyoda Corp. - Segment focus
            • 12.6 EARTHWORKS
              • Exhibit 131: EARTHWORKS - Overview
              • Exhibit 132: EARTHWORKS - Product / Service
              • Exhibit 133: EARTHWORKS - Key offerings
            • 12.7 Enbridge Inc.
              • Exhibit 134: Enbridge Inc. - Overview
              • Exhibit 135: Enbridge Inc. - Business segments
              • Exhibit 136: Enbridge Inc. - Key offerings
              • Exhibit 137: Enbridge Inc. - Segment focus
            • 12.8 ENGIE SA
              • Exhibit 138: ENGIE SA - Overview
              • Exhibit 139: ENGIE SA - Business segments
              • Exhibit 140: ENGIE SA - Key offerings
              • Exhibit 141: ENGIE SA - Segment focus
            • 12.9 Japan Petroleum Exploration Co. Ltd.
              • Exhibit 142: Japan Petroleum Exploration Co. Ltd. - Overview
              • Exhibit 143: Japan Petroleum Exploration Co. Ltd. - Business segments
              • Exhibit 144: Japan Petroleum Exploration Co. Ltd. - Key offerings
              • Exhibit 145: Japan Petroleum Exploration Co. Ltd. - Segment focus
            • 12.10 KAPPA Engineering
              • Exhibit 146: KAPPA Engineering - Overview
              • Exhibit 147: KAPPA Engineering - Product / Service
              • Exhibit 148: KAPPA Engineering - Key offerings
            • 12.11 Mitsubishi Heavy Industries Ltd.
              • Exhibit 149: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 150: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 152: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 153: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.12 NAFTA as
              • Exhibit 154: NAFTA as - Overview
              • Exhibit 155: NAFTA as - Product / Service
              • Exhibit 156: NAFTA as - Key offerings
            • 12.13 RPS Group Plc
              • Exhibit 157: RPS Group Plc - Overview
              • Exhibit 158: RPS Group Plc - Product / Service
              • Exhibit 159: RPS Group Plc - Key offerings
            • 12.14 Samsung Heavy Industries Co. Ltd.
              • Exhibit 160: Samsung Heavy Industries Co. Ltd. - Overview
              • Exhibit 161: Samsung Heavy Industries Co. Ltd. - Product / Service
              • Exhibit 162: Samsung Heavy Industries Co. Ltd. - Key offerings
            • 12.15 SGS SA
              • Exhibit 163: SGS SA - Overview
              • Exhibit 164: SGS SA - Business segments
              • Exhibit 165: SGS SA - Key offerings
              • Exhibit 166: SGS SA - Segment focus
            • 12.16 SNC Lavalin Group Inc.
              • Exhibit 167: SNC Lavalin Group Inc. - Overview
              • Exhibit 168: SNC Lavalin Group Inc. - Business segments
              • Exhibit 169: SNC Lavalin Group Inc. - Key offerings
              • Exhibit 170: SNC Lavalin Group Inc. - Segment focus
            • 12.17 TC Energy
              • Exhibit 171: TC Energy - Overview
              • Exhibit 172: TC Energy - Product / Service
              • Exhibit 173: TC Energy - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              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

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              underground gas storage market

              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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