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Global Natural Gas Storage Market Size study & Forecast, by Type (Underground Natural Gas Storage, Above Ground Natural Gas Storage, Others) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: GA70C38DEFD4EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Natural Gas Storage Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Natural gas storage is the process of storing natural gas for future use. This is essential because the demand for natural gas can vary throughout the year, with higher demand during the colder months for heating and during peak times for electricity generation. Storing natural gas allows for a reliable and continuous supply to meet fluctuations in demand. The key factors driving the market growth are growing demand for natural gas, rising investments in the development and expansion of natural gas storage infrastructure, and supportive government policies and regulations that are anticipated to support the market growth during the forecast period 2023-2030.

Additionally, the growth of natural gas production creates a need for reliable storage solutions to manage the inherent variability in supply and demand. Natural gas storage facilities provide the necessary flexibility and resilience to the natural gas supply chain. According to Statista, in 2020 natural gas production worldwide was 3,861.5 billion cubic meters and in 2022 natural gas production reached 4,089 billion cubic meters. As a result, the growing natural gas production globally is anticipated to support the market growth. Moreover, advances in storage technologies and a growing shift towards renewable energy sources are anticipated to create lucrative opportunities for the market over the forecast year. However, the high initial capital costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Natural Gas Storage Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing natural gas production, ongoing investments in natural gas infrastructure, and supportive regulatory frameworks and policies. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the increasing energy demand, the growing shift towards natural gas, and cohesive government initiatives and policies.

Major market player included in this report are:

PJSC Rosneft Oil Company

Saudi Arabian Oil Co.

Chevron Corporation

Gazprom PJSC

Exxon Mobil Corporation

TotalEnergies SE

China National Petroleum Corporation

BP p.l.c.

Lukoil

Shell Plc.

Recent Developments in the Market:
  • In May 2023, Enbridge, Inc. secured ownership of Aitken Creek Natural Gas Storage from FortisBC Holdings to address the rising demand for liquefied natural gas (LNG) exports on the west coast.
Global Natural Gas Storage Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Underground Natural Gas Storage

Above Ground Natural Gas Storage

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1 EXECUTIVE SUMMARY

1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1 Natural Gas Storage Market, by Region, 2020-2030 (USD Billion)
  1.2.2 Natural Gas Storage Market, by Type, 2020-2030 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption

CHAPTER 2 GLOBAL NATURAL GAS STORAGE MARKET DEFINITION AND SCOPE

2.1 Objective of the Study
2.2 Market Definition & Scope
  2.2.1 Industry Evolution
  2.2.2 Scope of the Study
2.3 Years Considered for the Study
2.4 Currency Conversion Rates

CHAPTER 3 GLOBAL NATURAL GAS STORAGE MARKET DYNAMICS

3.1 Natural Gas Storage Market Impact Analysis (2020-2030)
  3.1.1 Market Drivers
    3.1.1.1 Growing demand for natural gas
    3.1.1.2 Rising investments in the development and expansion of natural gas storage infrastructure
    3.1.1.3 Supportive government policies and regulations
  3.1.2 Market Challenges
    3.1.2.1 High Initial Capital Costs
  3.1.3 Market Opportunities
    3.1.3.1 Advances in storage technologies
    3.1.3.2 Growing shift towards renewable energy sources

CHAPTER 4 GLOBAL NATURAL GAS STORAGE MARKET INDUSTRY ANALYSIS

4.1 Porter’s 5 Force Model
  4.1.1 Bargaining Power of Suppliers
  4.1.2 Bargaining Power of Buyers
  4.1.3 Threat of New Entrants
  4.1.4 Threat of Substitutes
  4.1.5 Competitive Rivalry
4.2 Porter’s 5 Force Impact Analysis
4.3 PEST Analysis
  4.3.1 Political
  4.3.2 Economical
  4.3.3 Social
  4.3.4 Technological
  4.3.5 Environmental
  4.3.6 Legal
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 COVID-19 Impact Analysis
4.7 Disruptive Trends
4.8 Industry Expert Perspective
4.9 Analyst Recommendation & Conclusion

CHAPTER 5 GLOBAL NATURAL GAS STORAGE MARKET, BY TYPE

5.1 Market Snapshot
5.2 Global Natural Gas Storage Market by Type, Performance - Potential Analysis
5.3 Global Natural Gas Storage Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4 Natural Gas Storage Market, Sub Segment Analysis
  5.4.1 Underground Natural Gas Storage
  5.4.2 Above Ground Natural Gas Storage
  5.4.3 Others

CHAPTER 6 GLOBAL NATURAL GAS STORAGE MARKET, REGIONAL ANALYSIS

6.1 Top Leading Countries
6.2 Top Emerging Countries
6.3 Natural Gas Storage Market, Regional Market Snapshot
6.4 North America Natural Gas Storage Market
  6.4.1 U.S. Natural Gas Storage Market
    6.4.1.1 Type breakdown estimates & forecasts, 2020-2030
  6.4.2 Canada Natural Gas Storage Market
6.5 Europe Natural Gas Storage Market Snapshot
  6.5.1 U.K. Natural Gas Storage Market
  6.5.2 Germany Natural Gas Storage Market
  6.5.3 France Natural Gas Storage Market
  6.5.4 Spain Natural Gas Storage Market
  6.5.5 Italy Natural Gas Storage Market
  6.5.6 Rest of Europe Natural Gas Storage Market
6.6 Asia-Pacific Natural Gas Storage Market Snapshot
  6.6.1 China Natural Gas Storage Market
  6.6.2 India Natural Gas Storage Market
  6.6.3 Japan Natural Gas Storage Market
  6.6.4 Australia Natural Gas Storage Market
  6.6.5 South Korea Natural Gas Storage Market
  6.6.6 Rest of Asia Pacific Natural Gas Storage Market
6.7 Latin America Natural Gas Storage Market Snapshot
  6.7.1 Brazil Natural Gas Storage Market
  6.7.2 Mexico Natural Gas Storage Market
6.8 Middle East & Africa Natural Gas Storage Market
  6.8.1 Saudi Arabia Natural Gas Storage Market
  6.8.2 South Africa Natural Gas Storage Market
  6.8.3 Rest of Middle East & Africa Natural Gas Storage Market

CHAPTER 7 COMPETITIVE INTELLIGENCE

7.1 Key Company SWOT Analysis
  7.1.1 Company
  7.1.2 Company
  7.1.3 Company
7.2 Top Market Strategies
7.3 Company Profiles
  7.3.1 PJSC Rosneft Oil Company
    7.3.1.1 Key Information
    7.3.1.2 Overview
    7.3.1.3 Financial (Subject to Data Availability)
    7.3.1.4 Product Summary
    7.3.1.5 Recent Developments
  7.3.2 Saudi Arabian Oil Co.
  7.3.3 Chevron Corporation
  7.3.4 Gazprom PJSC
  7.3.5 Exxon Mobil Corporation
  7.3.6 TotalEnergies SE
  7.3.7 China National Petroleum Corporation
  7.3.8 BP p.l.c.
  7.3.9 Lukoil
  7.3.10 Shell Plc.

CHAPTER 8 RESEARCH PROCESS

8.1 Research Process
  8.1.1 Data Mining
  8.1.2 Analysis
  8.1.3 Market Estimation
  8.1.4 Validation
  8.1.5 Publishing
8.2 Research Attributes
8.3 Research Assumption

LIST OF TABLES

TABLE 1 Global Natural Gas Storage Market, report scope
TABLE 2 Global Natural Gas Storage Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3 Global Natural Gas Storage Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4 Global Natural Gas Storage Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 5 Global Natural Gas Storage Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6 Global Natural Gas Storage Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7 Global Natural Gas Storage Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8 Global Natural Gas Storage Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9 Global Natural Gas Storage Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10 Global Natural Gas Storage Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11 Global Natural Gas Storage Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12 Global Natural Gas Storage Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13 Global Natural Gas Storage Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14 U.S. Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15 U.S. Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 16 U.S. Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17 Canada Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18 Canada Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19 Canada Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20 UK Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21 UK Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22 UK Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23 Germany Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24 Germany Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25 Germany Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26 France Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27 France Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28 France Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29 Italy Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30 Italy Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31 Italy Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32 Spain Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33 Spain Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34 Spain Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35 RoE Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36 RoE Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37 RoE Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38 China Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39 China Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40 China Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41 India Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42 India Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43 India Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44 Japan Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45 Japan Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46 Japan Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47 South Korea Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48 South Korea Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49 South Korea Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50 Australia Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51 Australia Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52 Australia Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53 RoAPAC Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54 RoAPAC Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55 RoAPAC Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56 Brazil Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57 Brazil Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58 Brazil Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59 Mexico Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60 Mexico Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61 Mexico Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62 RoLA Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63 RoLA Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64 RoLA Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65 Saudi Arabia Natural Gas Storage Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66 South Africa Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67 RoMEA Natural Gas Storage Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68 List of secondary sources, used in the study of global Natural Gas Storage Market
TABLE 69 List of primary sources, used in the study of global Natural Gas Storage Market
TABLE 70 Years considered for the study
TABLE 71 Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1 Global Natural Gas Storage Market, research methodology
FIG 2 Global Natural Gas Storage Market, Market estimation techniques
FIG 3 Global Market size estimates & forecast methods
FIG 4 Global Natural Gas Storage Market, key trends 2022
FIG 5 Global Natural Gas Storage Market, growth prospects 2023-2030
FIG 6 Global Natural Gas Storage Market, porters 5 force model
FIG 7 Global Natural Gas Storage Market, pest analysis
FIG 8 Global Natural Gas Storage Market, value chain analysis
FIG 9 Global Natural Gas Storage Market by segment, 2020 & 2030 (USD Billion)
FIG 10 Global Natural Gas Storage Market by segment, 2020 & 2030 (USD Billion)
FIG 11 Global Natural Gas Storage Market by segment, 2020 & 2030 (USD Billion)
FIG 12 Global Natural Gas Storage Market by segment, 2020 & 2030 (USD Billion)
FIG 13 Global Natural Gas Storage Market by segment, 2020 & 2030 (USD Billion)
FIG 14 Global Natural Gas Storage Market, regional snapshot 2020 & 2030
FIG 15 North America Natural Gas Storage Market 2020 & 2030 (USD Billion)
FIG 16 Europe Natural Gas Storage Market 2020 & 2030 (USD Billion)
FIG 17 Asia pacific Natural Gas Storage Market 2020 & 2030 (USD Billion)
FIG 18 Latin America Natural Gas Storage Market 2020 & 2030 (USD Billion)
FIG 19 Middle East & Africa Natural Gas Storage Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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