Insights Into The Industrial And Commercial Natural Gas Distribution Market’s Growth Opportunities Through 2023-2032 – Includes Industrial And Commercial Natural Gas Distribution Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Due to the higher disposable income, and rising demand from commercial customers are expected to drive innovation in industrial and commercial natural gas distribution manufacturing, thus driving the market during the forecast period.
The global industrial and commercial natural gas distribution market is expected to grow from $719.65 billion in 2022 to $761.97 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The industrial and commercial natural gas distribution market size is expected to grow from $1053.9 billion in 2027 at a CAGR of 8.4%.
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Global Industrial And Commercial Natural Gas Distribution Market Segments Include:
- By Type: Industrial Natural Gas Distribution, and Commercial Natural Gas Distribution
- 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 industrial and commercial natural gas distribution market in 2021.
Major Market Players in the industrial and commercial natural gas distribution market include Gas Natural Sdg SA, Ultrapar Participacoes SA, Air Liquide SA, L`Air Liquide SA, and Korea Gas Corp (KOGAS).
The establishment of new city gas distribution plants is the key trend gaining popularity in the industrial and commercial natural gas distribution market. Major companies operating in the market are introducing gas distribution plants in every city to sustain their position in the market. For instance, in January 2022, Bharat Petroleum Corporation Ltd (BPCL), an India-based petrol and gas distribution company, launched city gas distribution networks in 6 cities throughout India which helps in the easy supply of natural gas. Bharat Petroleum invested INR 10000 cores in developing this project.
The Industrial And Commercial Natural Gas Distribution Global Market Report 2023 provides a industrial and commercial natural gas distribution market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial and commercial natural gas distribution market forecast analyzes industrial and commercial natural gas distribution market size, industrial and commercial natural gas distribution market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Industrial and commercial natural gas distribution refers to a system that is used to operate gas distribution systems. Industrial and commercial natural gas refers to natural gas used for industrial and commercial purposes such as steam generation, metal casting, metal tempering, electricity generation, and as a fuel for commercial vehicles.
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