The Natural Gas Distribution Global Market Report 2023 by The Business Research Company, provides natural gas distribution market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Natural Gas Distribution Global Market Report 2023, the global natural gas market size will grow from $885.70 billion in 2022 to $936.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of natural gas is expected to grow to $1,274.98 billion in 2027 at a compound annual growth rate (CAGR) of 8.0%.
An increase in construction of new gas pipelines is expected to propel the growth of the natural gas distribution market. Natural gas is delivered from the transmission system (responsible for moving large quantities of gas over long distances) to end-use customers by the distribution system. Therefore, with increasing pipeline developments, the demand for distribution is also expected to increase.
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The natural gas distribution market is segmented:
1) Natural Gas Distribution Market By Type: Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution
2) Natural Gas Distribution Market By End User: Residential, Automotive, Domestic, Industrial, Other End Users
3) Natural Gas Distribution Market By Type of Operator: Public Operator, Private Operator
In the dynamic landscape of the natural gas distribution market, companies are strategically diversifying their modes of transportation to facilitate the efficient delivery of natural gas over land. Traditionally, the predominant methods have involved pipelines and shipping vessels. However, there is a notable shift in the industry towards exploring the viability of utilizing railroads as an alternative means for natural gas transportation. This strategic move not only signifies a departure from conventional practices but also holds the promise of extending the operational footprint of companies to remote industrial areas.
In alignment with this evolving trend, a noteworthy development unfolded in 2022 when the Indian Railways, a major player in the transportation sector, embraced the transportation of Liquefied Natural Gas (LNG) across its extensive railway network. This strategic initiative aims to ensure a more cost-effective and accessible supply of fuel to regions that lack the infrastructure of conventional pipelines. The utilization of railways for LNG transportation not only underscores the industry's commitment to innovation but also addresses the challenges of reaching areas where conventional modes might be less feasible. This forward-thinking approach exemplifies the industry's dedication to optimizing natural gas distribution while concurrently promoting accessibility and affordability in underserved regions.
The natural gas distribution market report table of contents includes:
1. Executive Summary
2. Natural Gas Distribution Market Characteristics
3. Natural Gas Distribution Market Trends And Strategies
4. Natural Gas Distribution Market – Macro Economic Scenario
5. Natural Gas Distribution Market Size And Growth
.......
26. Africa Natural Gas Distribution Market
27. Natural Gas Distribution Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Gas Distribution Market
29. Natural Gas Distribution Market Future Outlook and Potential Analysis
30. Appendix
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