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Below are some of the key findings from this natural gas storage market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The growing demand for natural gas is one of the primary factors for the global natural gas storage market growth. The usage of natural gas for power generation, space heating, and transportation results in its high adoption by end-user industries. Moreover, the positive impact of natural gas on air quality and low carbon dioxide emission also increases its need globally. These factors result in the high requirement of natural gas storage systems to ensure undisrupted supply during higher and seasonal demand.
Technological advancements such as solidified natural gas (SNG) and LUMEN technology in natural gas storage systems is one of the key trends that will gain traction in the market. SNG has the potential to store large volumes of natural gas in compact crystals of gas hydrates, which are environment-friendly and safe. Moreover, LUMEN technology provides real-time data from sensors and helps in meeting the safety and regulatory requirements while storing natural gas. These factors result in the high adoption of technologically advanced natural gas storage systems by end-users, positively impacting market growth at a CAGR of close to 3% during the forecast period.
The global natural gas storage market is moderately fragmented. To help clients improve their revenue share, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Key insights provided by this natural gas storage market analysis report will help companies make informed business decisions.
The report offers a detailed analysis of several leading natural gas storage companies, including:
Underground storage segment held the largest natural gas storage market share in 2018 because of its low operational and infrastructure cost. The market share of this segment will decrease in the coming years. However, it will continue to dominate the market throughout the next five years.
EMEA accounted for the largest natural gas storage market share in 2018. The market share of EMEA will increase because of the rising demand for natural gas and the growing focus on clean energy in the region and EMEA will continue to dominate the market throughout the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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