Global Natural Gas Market Size, Forecasts, And Opportunities – Includes Natural Gas Market Share
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The global natural gas market is expected to grow from $0.84 trillion in 2021 to $0.94 trillion in 2022 at a compound annual growth rate (CAGR) of 12.0%. The global natural gas market size is expected to grow to $1.23 trillion in 2026 at a compound annual growth rate (CAGR) of 6.9%.
The growth in the natural gas market is due to increased global economic activity, an increase in the usage of electricity, and refined petroleum from developing nations, which is expected to drive the market in the future.
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The natural gas market consists of sales of natural gas by entities (organizations, sole traders, and partnerships) that are used as fuel in combined heat and power systems. Natural gas is a natural mixture of gaseous hydrocarbons consisting of methane in addition to various smaller amounts of other higher alkanes. It is also used for heating and generating electricity.
Global Natural Gas Market Segments Include:
By Type: Transport, Industrial, Electric Power, and Others
By Source: Associated Gas, Non Associated Gas, Unconventional Sources
By End User: Light Duty Vehicles, Medium or Heavy Duty Buses, Medium or Heavy Duty Trucks
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global natural gas market in 2021.
Crude oil and natural gas extraction companies are making significant investments in renewable sources of power for the sustainable extraction of crude oil and natural gas from oil fields. Crude oil and natural gas production are energy-intensive and renewable technologies like solar, wind, biomass, and geothermal are being used in producing crude oil and natural gas at lower costs and with lower emissions, which are the major trends witnessed in the global natural gas market.
TBRC’s Natural Gas Market Report Covers:
Major Market Players: PetroChina Co., Ltd., Husky Energy Inc., NGL Energy Partners LP, Devon Energy Corp., and VNG-Verbunnetz Gas Aktiengesellschaft.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Natural Gas Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides natural gas market overviews, analyzes and forecasts market size, share, natural gas market players, natural gas market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s natural gas market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Crude Oil Global Market Report 2022
Natural Gas Distribution Global Market Report 2022
Oil And Gas Global Market Report 2022
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