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According to report, the Global Natural Gas Storage Market is accounted for $62.49 million in 2017 and is expected to reach $96.94 million by 2026 growing at a CAGR of 5.0% during the forecast period. The factors driving the market growth are rising natural gas demand coupled with energy security and favorable government regulations. However, the factor for which the natural gas is highly combustible is restraining the market.
Natural gas, like many other goods, can be stored for an imprecise period of time in natural gas storage facilities for later consumption. Gas storage is principally used to meet load variations. Gas is injected into storage during periods of low demand and withdrawn from storage during periods of peak demand.
By application, the underground storage segment is driven due to low operational and low infrastructure cost. Based on the geography, Middle East & Africa is expected to grow in emerging countries due to rising demand for natural gas and the growing focus on clean energy in the region.
Some of the key players in the Natural Gas Storage market are The Williams Companies, Technip, ONEOK ,Inc, NAFTA A.S, Michigan Gas Storage Company, Kinder Morgan Inc, GDF Suez Energy, E.ON SE, DTE Energy, Blue Lake Gas Storage Company and ANR Storage Company.
Types Covered:
• Floating LNG
• Gas Storage
• Liquedfaction
• Liquid Storage
• Regasification
• Rock Caverns
Applications Covered:
• Above-ground storage
• Underground storage
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Natural gas, like many other goods, can be stored for an imprecise period of time in natural gas storage facilities for later consumption. Gas storage is principally used to meet load variations. Gas is injected into storage during periods of low demand and withdrawn from storage during periods of peak demand.
By application, the underground storage segment is driven due to low operational and low infrastructure cost. Based on the geography, Middle East & Africa is expected to grow in emerging countries due to rising demand for natural gas and the growing focus on clean energy in the region.
Some of the key players in the Natural Gas Storage market are The Williams Companies, Technip, ONEOK ,Inc, NAFTA A.S, Michigan Gas Storage Company, Kinder Morgan Inc, GDF Suez Energy, E.ON SE, DTE Energy, Blue Lake Gas Storage Company and ANR Storage Company.
Types Covered:
• Floating LNG
• Gas Storage
• Liquedfaction
• Liquid Storage
• Regasification
• Rock Caverns
Applications Covered:
• Above-ground storage
• Underground storage
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
