[195+ Pages Research Report] According to Facts and Factors market research report, the Global Natural Gas Storage Market size & share revenue is expected to grow from USD 796.50 Billion in 2020 to reach USD 1280.80 Billion by 2026, at 7.2% annual CAGR growth during forecast period of 2021-2026. The top market companies profiles included in report with their sales, revenues and strategies are McDermott International, Inc., NAFTA A.S., TransCanada Corp., Royal Vopak N.V., Chart Industries, Uniper, Enbridge, Inc., Gazprom and others.
New York, NY, June 11, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Natural Gas Storage Market by Type (Underground Storage, Above Ground Storage) By Above Ground Storage Type (Liquefaction, Regasification, Floating LNG), By Underground Storage Type (Depleted Gas Reservoir, Aquifer Reservoir, Salt Caverns) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.
“According to the recent research report, the demand of global Natural Gas Storage Market size & share expected to reach to USD 1280.80 Billion by 2026 from USD 796.50 Billion in 2020, at a compound annual growth rate (CAGR) of 7.2% during the forecast period 2021 to 2026”
Global Natural Gas Storage Market: Overview
Natural gas, like the majority of other commodities, can be kept indefinitely. Natural gas exploration, production, and transportation take time, and the gas that arrives at its destination isn't necessarily needed straight immediately, so it's pumped into underground storage facilities. These storage facilities can be built in market centers if there is a shortage of locally generated natural gas.
Request Your Free Sample Report of Global Natural Gas Storage Market @ https://www.fnfresearch.com/sample/natural-gas-storage-market
(The free sample of this report is readily available on request).
Our Free Sample Report Includes:
2020 Updated Report Introduction, Overview, and In-depth industry analysis
COVID-19 Pandemic Outbreak Impact Analysis Included
195+ Pages Research Report (Inclusion of Updated Research)
Provide Chapter-wise guidance on Request
2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
Includes Updated List of table & figures
Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
McDermott International Inc.
Royal Vopak N.V.
Martin Midstream Partners L.P.
Samsung Heavy Industries
ANR Storage Company
Blue Lake Gas Storage Company
The Williams Companies
Kinder Morgan Inc
Michigan Gas Storage Company
Niska Gas Storage
To know an additional revised list of 2020-2021 top market players, request a sample report: https://www.fnfresearch.com/sample/natural-gas-storage-market
Key questions answered in this report:
What is the projected market size & growth rate of the Natural Gas Storage Market?
What are the key driving factors for the growth of the Natural Gas Storage Market?
What are the top companies operative in Natural Gas Storage Market?
What segments are covered in Natural Gas Storage Market?
How can I get free sample report/company profiles of the Natural Gas Storage Market?
Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/natural-gas-storage-market
The strong demand for natural gas is predicted to drive oil and gas development, resulting in an increase in the need for storage facilities. The market is split into two types: subterranean storage facilities and above-ground storage facilities. In addition, subsurface storage facilities are divided into three categories: salt caverns, depleted reservoirs, and aquifers. The growing chemical, industrial, and transportation sectors in the region are likely to stimulate demand for natural gas storage. In addition, the advantages of using natural gas as a clean-burning, adaptable, and effective fuel for a variety of applications, as well as worldwide movement toward a low-carbon economy, are likely to drive up natural gas demand in the future. The cyclical and unpredictable nature of natural gas production, as well as a supply and demand imbalance, is expected to stymie the market for natural gas. As a result of these factors, natural gas consumption is increasing in both home and non-domestic applications such as power production, transportation, and a number of other sectors. Natural gas is rapidly being employed in the business in numerous nations due to its low cost and environmental benefits. These storage facilities are crucial in safeguarding natural gas against natural hazards, unplanned occurrences, and production and distribution problems since natural gas is nonrenewable energy. In the next years, the natural gas supply, along with rising seasonal demand from a number of end-use applications and industrial sectors in the area, is likely to fuel market expansion.
In 2019, the underground storage type had the largest market share. Natural gas, like most other commodities, can be processed for an extended period. Natural gas exploration and extraction usually take time. Furthermore, natural gas that arrives at its destination is not necessarily consumed right away, so it is stored in storage tanks, most likely underground. Underground natural gas storages have become a critical component of energy supply during peak seasons, particularly in Europe and North America. Consumption and demand, which follow a seasonal cycle based on the pattern, are more unpredictable than constant and steady processing. Because of the strong demand for underground natural gas on the global market, the rate of consumption has been steadily increasing. Natural gas is often contained in liquid or gaseous form in aboveground storage tanks. The aboveground storage facilities are constructed in areas where underground caverns are not accessible. The aboveground storage tanks have direct access to the storage facilities and are relatively inexpensive to build. Natural gas is temporarily stored in transportable tanks that are loaded into trains or barges for long-distance shipping, in addition to stationary aboveground storage tanks. In 2019, the aboveground segment had the second-largest market share, and it is expected to grow at a healthy rate over the projected period.
Global Natural Gas Storage Market: Segmentation
The global Natural Gas Storage market is segregated based on type, above-ground storage type, underground storage type, and region. Based on type, the global natural gas storage industry is categorized into underground storage and above-ground storage. Based on above-ground storage type segmentation, the market is classified into liquefaction, regasification, and floating LNG. In terms of underground storage type, the market is split into the depleted gas reservoir, aquifer reservoir, and salt caverns.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/natural-gas-storage-market
(We customize your report according to your research need. Ask our sales team for report customization.)
North America is projected to Dominate Global Natural Gas Storage Market Growth
In 2020, North America dominated the natural gas storage market, followed by Europe. Due to increased exploration and development efforts, the Asia-Pacific region is likely to expand the quickest in the future years. Increased awareness of natural gas as a green fuel is also predicted to help the country prosper. Due to plentiful supply and a favorable regulatory environment, Europe is predicted to develop at a rapid rate throughout the forecast period. Iran is poised to overtake the United Kingdom as Europe's most powerful country. The Middle East and Africa, as well as Latin America, are expected to expand significantly due to increased energy consumption. The Asia Pacific is expected to grow considerably during the projection period because of growing domestic demand from all major end-use sectors in countries such as China, Japan, and India.
Browse the full report “Natural Gas Storage Market by Type (Underground Storage, Above Ground Storage) By Above Ground Storage Type (Liquefaction, Regasification, Floating LNG), By Underground Storage Type (Depleted Gas Reservoir, Aquifer Reservoir, Salt Caverns) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/natural-gas-storage-market
The global Natural Gas Storage market is segmented as follows:
Above Ground Storage
By Above Ground Storage Type :
By Underground Storage Type:
Depleted Gas Reservoir
Key Highlights of this Report:
Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
For media enquiry, mail to: email@example.com
About Facts & Factors (FnF Research):
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch
Follow Us Twitter: https://twitter.com/fnfresearch
Facts & Factors