[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Natural Gas Storage Market Size, Share & Trends Analysis Report By Type (Aboveground, Underground), By Underground Storage Type (Depleted Gas Reservoir, Salt Caverns), By Region, And Segment Forecasts, 2020 - 2027

June 2020 | 95 pages | ID: N6F20AB03728EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Natural Gas Storage Market Growth & Trends

The global natural gas storage market size is projected to reach 640.4 BCM by 2027 registering a CAGR of 3.6%, according to a new report by Grand View Research, Inc. Increasing natural gas usage over coal in industries owing to low cost and environmental benefits coupled with favorable government regulation is expected to drive the market growth during the forecast period.

Natural gas consumption is highest during the wintertime and lowest during mild-weather months in North America and Europe, in particular, thus there are significant variations in seasonal demand, which also drives the market. Storage facilities are vital for continuous supply required to cater to rising energy demand.

Demand for underground storage of natural gas is anticipated to register the fastest CAGR over the forecast period owing to energy security concerns with rising production. Storage providers are focusing on storing the gas with long-term contract. Numerous market players are engaged in the ownership of storage facilities, including pipeline operators, utilities, and storage owners, which offers investors the potential for profit.

Critical transmission capacity coupled with high installation price restraints are estimated to hinder the growth for the industry over the next seven years. However, ample supply of gas coupled with enhanced recovery technologies is projected to deliver several profitable opportunities to storage providers.

Natural Gas Storage Market Report Highlights
  • Rising demand for natural gas in end-use industries, such as transportation, industrial purpose, and electricity generation, is expected to drive the market growth
  • Rapid industrialization and urbanization in emerging economies of Latin America and Asia Pacific is projected to spur the market growth over the forecast period
  • Underground storage held the largest market share in 2019. Natural gas is primarily stored in underground storage facilities, which is further segmented into depleted gas reservoirs, aquifers, and salt caverns
  • Depleted gas reservoirs accounted for the largest market share in underground natural gas storage
  • Salt cavern segment has been projected to witness the fastest CAGR over the forecast period
  • North America led the global market in 2019 and will retain the leading position throughout the forecast years owing to increasing exploration and production activities in the region coupled with seasonal demand for natural gas
  • Asia Pacific is expected to register the maximum CAGR from 2020 to 2027 due to high demand and implementation of the coal-to-gas policy by various countries in the region
CHAPTER 1 METHODOLOGY & SCOPE

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Assumptions
1.4 Information Procurement
  1.4.1 Purchased Database
  1.4.2 GVR’s Internal Database
  1.4.3 Secondary Sources
  1.4.4 Third Party Perspective
  1.4.5 Primary Research
1.5 Information Analysis
  1.5.1 Data Analysis Models
1.6 Market Formulation and Data Visualization
1.7 Data Validation and Publishing

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 Global Natural Gas Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
  3.3.1 Raw Material Trends
    3.3.1.1 Major Raw Materials Analysis
  3.3.2 Manufacturing Trends
    3.3.2.1 Technology Trends
  3.3.3 Vendor Selection Criteria Analysis
3.4 Regulatory Framework
  3.4.1 Standard & Compliances:
  3.4.2 Safety
3.6 Market Dynamics
  3.6.1 Market Driver Analysis
  3.6.2 Market Restraint Analysis
  3.6.3 Opportunity Assessment
3.7 Business Environment Analysis: Natural Gas Storage Market
  3.7.1 Industry Analysis - Porter’s
  3.7.2 PESTEL analysis
3.8 Impact of COVID-19 on Natural Gas Storage Market

CHAPTER 4 GLOBAL NATURAL GAS STORAGE MARKET: TYPE ESTIMATES & TREND ANALYSIS

4.1 Type Movement Analysis & Market Share, 2019 & 2027
4.2 Underground
  4.2.1 Global Natural Gas Storage market estimates and forecasts for Underground, 2016 - 2027 (BCM)
4.3 Aboveground
  4.3.1 Global Natural Gas Storage market estimates and forecasts for Aboveground, 2016 - 2027 (BCM)

CHAPTER 5 GLOBAL NATURAL GAS STORAGE MARKET: UNDERGROUND STORAGE TYPE ESTIMATES & TREND ANALYSIS

5.1 Underground Storage Type Movement Analysis & Market Share, 2019 & 2027
5.2 Depleted Gas Reservoir
  5.2.1 Global Natural Gas Storage market estimates and forecasts for Depleted Gas Reservoir Underground Storage Type, 2016 - 2027 (BCM)
5.3 Aquifer Reservoir
  5.3.1 Global Natural Gas Storage market estimates and forecasts for Aquifer Reservoir Underground Storage Type, 2016 - 2027 (BCM)
5.4 Salt Caverns
  5.4.1 Global Natural Gas Storage market estimates and forecasts for Salt Caverns Underground Storage Type, 2016 - 2027 (BCM)

CHAPTER 6 GLOBAL NATURAL GAS STORAGE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1 Global Natural Gas Storage Market: Regional Movement Analysis, 2019 & 2027
6.2 North America
  6.2.1 North America Natural Gas Storage market estimates and forecasts, by Type 2016 - 2027 (BCM)
  6.2.2 North America Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.2.4 U.S.
    6.2.4.1 U.S. Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.2.4.2 U.S. Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.2.5 Canada
    6.2.5.1 Canada Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.2.5.2 Canada Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.2.6 Mexico
    6.2.6.1 Mexico Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.2.6.2 Mexico Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
6.3 Europe
  6.3.1 Europe Natural Gas Storage market estimates and forecasts, by Type 2016 - 2027 (BCM)
  6.3.2 Europe Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.3 U.K.
    6.3.3.1 U.K. Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.3.2 U.K. Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.4 Germany
    6.3.4.1 Germany Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.4.2 Germany Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.5 Russia
    6.3.5.1 Russia Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.5.2 Russian Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.6 France
    6.3.6.1 France Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.6.2 France Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.7 Italy
    6.3.7.1 Italy Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.7.2 Italy Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.3.8 Ukraine
    6.3.8.1 Ukraine Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.3.8.2 Ukraine Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
6.4 Asia Pacific
  6.4.1 Asia Pacific Natural Gas Storage market estimates and forecasts, by Type 2016 - 2027 (BCM)
  6.4.2 Asia Pacific Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.4.3 China
    6.4.3.1 China Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.4.3.2 China Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.4.4 Australia
    6.4.4.1 Australia Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.4.4.2 Australia Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
6.5 Central & South America
  6.5.1 Central & South America Natural Gas Storage market estimates and forecasts, by Type 2016 - 2027 (BCM)
  6.5.2 Central & South America Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
6.6 Middle East & Africa
  6.6.1 Middle East & Africa Natural Gas Storage market estimates and forecasts, by Type 2016 - 2027 (BCM)
  6.6.2 Middle East & Africa Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.6.3 Qatar
    6.6.3.1 Qatar Natural Gas Storage market estimates and forecasts, by type 2016 - 2027 (BCM)
    6.6.3.2 Qatar Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)
  6.6.4 UAE
    6.6.4.1 UAE Natural Gas Storage market estimates and forecasts, by battery type 2016 - 2027 (BCM)
    6.6.4.2 UAE Natural Gas Storage market estimates and forecasts, by Underground Storage Type 2016 - 2027 (BCM)

CHAPTER 7 COMPETITIVE LANDSCAPE

7.1 Key Global Players & Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
  7.3.1 List of Key Distributors and Channel Partners
7.4 Key Company Market Ranking Analysis, 2019
7.5 Company Market Position Analysis

CHAPTER 8 COMPANY PROFILES

8.1 Martin Midstream Partners L.P.
  8.1.1 Company Overview
  8.1.2 Product Benchmarking
  8.1.3 Financial Performance
  8.1.4 Strategic Initiatives
8.2 Chart Industries Inc
  8.2.1 Company Overview
  8.2.2 Product Benchmarking
  8.2.3 Financial Performance
  8.2.4 Strategic Initiatives
8.3 Furuise Europe
  8.3.1 Company Overview
  8.3.2 Product Benchmarking
  8.3.3 Financial Performance
  8.3.4 Strategic Initiatives
8.4 McDermott International, Inc.
  8.4.1 Company Overview
  8.4.2 Product Benchmarking
  8.4.3 Financial Performance
  8.4.4 Strategic Initiatives
8.5 NAFTA A.S.
  8.5.1 Company Overview
  8.5.2 Product Benchmarking
  8.5.3 Strategic Initiatives
8.6 Prometheus Energy Group, Inc.
  8.6.1 Company Overview
  8.6.2 Product Benchmarking
  8.6.3 Financial Performance
  8.6.4 Strategic Initiatives
8.7 Singapore LNG Corporation PTE Ltd.
  8.6.1 Company Overview
  8.6.2 Product Benchmarking
  8.6.3 Financial Performance
  8.6.4 Strategic Initiatives
8.8 TransCanada Corporation
  8.6.1 Company Overview
  8.6.2 Product Benchmarking
  8.6.3 Financial Performance
  8.6.4 Strategic Initiatives
8.9 Uniper SE
  8.6.1 Company Overview
  8.6.2 Product Benchmarking
  8.6.3 Financial Performance
  8.6.4 Strategic Initiatives
8.10 Royal Vopak N.V.
  8.10.1 Company Overview
  8.10.2 Product Benchmarking
  8.10.3 Financial Performance
  8.10.4 Strategic Initiatives
8.11 Mitsubishi Heavy Industries Ltd
  8.11.1 Company Overview
  8.11.2 Product Benchmarking
  8.11.3 Financial Performance
  8.11.4 Strategic Initiatives
8.12 Enbridge Inc.
  8.12.1 Company Overview
  8.12.2 Product Benchmarking
  8.12.3 Financial Performance
  8.12.4 Strategic Initiatives
8.13 Engie SA
  8.13.1 Company Overview
  8.13.2 Product Benchmarking
  8.13.3 Financial Performance
  8.13.4 Strategic Initiatives
8.14 Gazprom
  8.14.1 Company Overview
  8.14.2 Product Benchmarking
  8.14.3 Financial Performance
  8.14.4 Strategic Initiatives
8.15 Rockpoint Gas Storage
  8.15.1 Company Overview
  8.15.2 Product Benchmarking
  8.15.3 Financial Performance
  8.15.4 Strategic Initiatives
LIST OF TABLES

Table 1 Global Natural Gas Storage market estimates and forecasts in Underground Storage 2016 - 2027 (BCM)
Table 2 Global Natural Gas Storage market estimates and forecasts for Aboveground Storage 2016 - 2027 (BCM)
Table 3 Global Natural Gas Storage market estimates and forecasts for Depleted Gas Reservoir Underground 2016 - 2027 (BCM)
Table 4 Global Natural Gas Storage market estimates and forecasts for Aquifer Reservoir Underground 2016 - 2027 (BCM)
Table 5 Global Natural Gas Storage market estimates and forecasts for Salt Caverns Underground 2016 - 2027 (BCM)
Table 6 North America Natural Gas Storage market volume, by type, 2016 - 2027 (BCM))
Table 7 North America Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 8 U.S. Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 9 U.S. Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 10 Canada Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 11 Canada Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 12 Mexico Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 13 Mexico Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 14 Europe Natural Gas Storage market volume, by type, 2016 - 2027 (BCM))
Table 15 Europe Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 16 U.K. Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 17 U.K. Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 18 Germany Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 19 Germany Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 20 Russian Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 21 Russian Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 22 France Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 23 France Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 24 Italy Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 25 Italy Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 26 Ukrain Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 27 Ukrain Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 28 Asia Pacific Natural Gas Storage market volume, by type, 2016 - 2027 (BCM))
Table 29 Asia Pacific Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 30 China Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 31 China Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 32 Australia Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 33 Australia Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 34 Central & South America Natural Gas Storage market, by type, 2016 - 2027 (BCM))
Table 35 Central & South America Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 36 Middle East & Africa Natural Gas Storage market revenue, by Type, 2016 - 2027 (BCM)
Table 37 Middle East & Africa Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 38 Qatar Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 39 Qatar Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 40 UAE Natural Gas Storage market revenue, by type, 2016 - 2027 (BCM)
Table 41 UAE Natural Gas Storage market revenue, by Underground Storage Type, 2016 - 2027 (BCM)
Table 42 Major players with recent development
LIST OF FIGURES

Fig. 1 Natural Gas Storage market _segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Global battery market- estimates and forecast, 2016 - 2027 (BCM)
Fig. 7 Natural Gas Storage market - Penetration & growth prospect mapping
Fig. 8 Natural Gas Storage market - Industry value chain analysis
Fig. 9 Market driver impact analysis
Fig. 10 Market restraint impact analysis
Fig. 11 Natural Gas Storage market analysis - Porter’s
Fig. 12 Natural Gas Storage market analysis - PESTEL analysis
Fig. 13 Global Natural Gas Storage market share by type, 2019 & 2027 (BCM)
Fig. 14 Global Natural Gas Storage market share by Underground Storage Type, 2019 & 2027 (BCM)
Fig. 15 Global Natural Gas Storage Market - Regional Movement Analysis, 2019 & 2027
Fig. 16 Four quadrant positioning of vendors
Fig. 17 Strategic Framework


More Publications