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Global Natural Gas Storage Market 2019-2023

Global Natural Gas Storage Market 2019-2023

About this market

The rising initiatives for reducing climate change across the globe will directly influence the natural gas storage market. Several countries are increasingly shifting their focus from using conventional fuel to clean sources for reducing the emission of hazardous gases. Governments are also deciding on decarbonizing various sectors for reducing the greenhouse gas emission effect. This will eventually increase the demand for natural gas, in turn, boosting the natural gas storage market growth during the forecast period. Technavio’s analysts have predicted that the natural gas storage market will register a CAGR of close to 3% by 2023.

Market Overview

Undisrupted gas supply

Several countries have built natural gas storage facilities to ensure undisrupted gas supply. Underground natural gas storage facilities are used to meet the peak and seasonal demands. The natural gas demand is based on the weather cycle. The demand is the highest during winter season, because the heating needs as well as for the power generation.

Technical challenges associated with storage systems

One of the challenges in the growth of the global natural gas storage market is the technical challenges associated with storage systems. The high cost involved in transporting the gas from a distant storage point to the consumption center will negatively impact on the adoption of underground gas storage facilities.

For the detailed list of factors that will drive and challenge the growth of the natural gas storage market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Many countries such as the US and Canada have been working to increase the gas fueling stations to reduce the dependency on petrol and diesel. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Natural Gas Storage Market 2019-2023

Technavio recognizes the following companies as the key players in the global natural gas storage market: Costain Group PLC, ENBRIDGE INC., ENGIE, Royal Vopak, and Uniper SE.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising demand for natural gas in the transportation sector.”

According to the report, one of the major drivers for this market is the undisrupted gas supply.

Further, the report states that one of the major factors hindering the growth of this market is the technical challenges associated with storage systems.

Companies Mentioned

Costain Group PLC
ENBRIDGE INC.
ENGIE
Royal Vopak
Uniper SE

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oil and gas storage market
      • Table Segments of global oil and gas storage market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (million toe)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Underground storage - Market size and forecast 2018-2023
      • Table Underground storage - Market size and forecast 2018-2023 (million toe)
      • Table Underground storage - Year-over-year growth 2019-2023 (%)
    • Above-ground storage - Market size and forecast 2018-2023
      • Table Above-ground storage - Market size and forecast 2018-2023 (million toe)
      • Table Above-ground storage - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (million toe)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (million toe)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (million toe)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Costain Group PLC
      • Table Costain Group PLC - Vendor overview
      • Table Costain Group PLC - Business segments
      • Table Costain Group PLC - Organizational developments
      • Table Costain Group PLC - Geographic focus
      • Table Costain Group PLC - Segment focus
      • Table Costain Group PLC - Key offerings
    • ENBRIDGE INC.
      • Table ENBRIDGE INC. - Vendor overview
      • Table ENBRIDGE INC. - Business segments
      • Table ENBRIDGE INC. - Organizational developments
      • Table ENBRIDGE INC. - Geographic focus
      • Table ENBRIDGE INC. - Segment focus
      • Table ENBRIDGE INC. - Key offerings
    • ENGIE
      • Table ENGIE - Vendor overview
      • Table ENGIE - Business segments
      • Table ENGIE - Organizational developments
      • Table ENGIE - Geographic focus
      • Table ENGIE - Segment focus
      • Table ENGIE - Key offerings
    • Royal Vopak
      • Table Royal Vopak - Vendor overview
      • Table Royal Vopak - Business segments
      • Table Royal Vopak - Organizational developments
      • Table Royal Vopak - Geographic focus
      • Table Royal Vopak - Segment focus
      • Table Royal Vopak - Key offerings
    • Uniper SE
      • Table Uniper SE - Vendor overview
      • Table Uniper SE - Business segments
      • Table Uniper SE - Organizational developments
      • Table Uniper SE - Geographic focus
      • Table Uniper SE - Segment focus
      • Table Uniper SE - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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