Natural gas storage involves accumulation of natural gas in several storage facilities for future consumption. The purpose of storage is to meet the fluctuating energy demand during the peak and off-peak seasons. Generally, natural gas is stored during the off-peak season and utilized during the peak season. This reduces the demand and supply gap, and increases the reliability of supply.
Storage facilities are essential for managing supply required to cater to globally rising energy demand. Rapid industrialization along with growing urbanization in emerging economies of Asia Pacific and Latin America is anticipated to propel market growth significantly over the forecast period. Natural gas market deregulation and easy availability have resulted in increasing storage demand for various purposes such as operational and commercial.
Rising natural gas demand is expected to drive oil & gas exploration activities, which in turn increases storage facilities demand. The market is divided in two types, above ground storage and underground storage facilities. Underground storage facilities are further divided into depleted reservoirs, salt caverns formation, and aquifers.
In 2019, the market size of Natural Gas Storage is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Natural Gas Storage.
This report studies the global market size of Natural Gas Storage, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Natural Gas Storage production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ANR Storage Company(Canada)
Blue Lake Gas Storage (US)
DTE Energy(US)
E.ON (Germany)
GDF Suez Energy(France)
Technip(France)
The Williams Companies(US)
Kinder Morgan (US)
Michigan Gas Storage (US)
ONEOK (US)
Market Segment by Product Type
Liquid Storage
Gas Storage
Market Segment by Application
Introduction
Above Ground Storage
Underground Storage
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Natural Gas Storage status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Natural Gas Storage manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Natural Gas Storage are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Natural Gas Storage. Industry analysis & Market Report on Natural Gas Storage is a syndicated market report, published as Global (United States, European Union and China) Natural Gas Storage Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Natural Gas Storage market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.