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Global Natural Gas Storage Market Set to Register a CAGR of Approx 3% by 2023

/EIN News/ -- Dublin, May 16, 2019 (GLOBE NEWSWIRE) -- The "Global Natural Gas Storage Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The natural gas storage market will register a CAGR of close to 3% by 2023.

Rising initiatives for reducing climate change across the globe

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.

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.

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.

Key Players

  • Costain Group PLC
  • ENBRIDGE Inc.
  • ENGIE
  • Royal Vopak
  • Uniper SE

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

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

  • 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 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

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

For more information about this report visit https://www.researchandmarkets.com/r/n4ru0r

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Related Topics: Pipelines, Natural Gas

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