The global natural gas storage market is likely to witness considerable growth in the coming years due to recent product innovations in storage systems. According to a report by Fortune Business Insights, titled “Natural Gas Storage“ Market Size, Share and Global Trend by Type (Above Ground Storage & Underground Storage), and Geography Forecast till 2027, the market will benefit from the escalating demand for natural gas as alternatives to other combustion fuels.
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Top Players Overview:
- Engie SA
- Enbridge Inc
- Sempra Energy
- DTE Energy
- Chiyoda Corporation
- Spectra Energy
- Amec Foster Wheeler
- NAFTA A.S
Key Market Driver – Soaring demand for natural gas
Key Market Restraint – Expensive and rigid infrastructure needed to store natural gas
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Key Segmental Overview:
1. By Type
- Above Ground Storage
- Fixed LNG Terminal
- Floating LNG Terminal
- Underground Storage
- Salt Cavern
- Depleted Reservoirs
2. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Natural Gas Storage Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Natural Gas Storage Market.
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
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Major Table of Content For Natural Gas Storage Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Natural Gas Storage Analysis, Insights and Forecast, 2027
- North America Natural Gas Storage Analysis, Insights and Forecast, 2027
- Europe Natural Gas Storage Market Analysis, Insights and Forecast, 2027
- Asia Pacific Natural Gas Storage Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Natural Gas Storage Market Analysis, Insights and Forecast, 2027
- Latin America Natural Gas Storage Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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