LONDON, GREATER LONDON, UK, July 1, 2019 /EINPresswire.com/ — The natural gas market expected to reach a value of nearly $1031.55 billion by 2022, significantly growing at a CAGR of 7.7% during the forecast period. The growth in the natural gas market is due to increased global economic activity, refined petroleum from developing nations is expected to drive the market in the future. However, the market for natural gas is expected to face certain restraints from several factors such as regulations surrounding carbon emissions, the rapid decline in oil and gas prices.
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Trends In The Natural Gas Market
Crude oil and natural gas extraction companies are making significant investments in renewable sources of power for sustainable extraction of crude oil and natural gas from oil fields. Crude oil and natural gas production is energy intensive and renewable technologies like solar, wind, biomass, and geothermal are being used in producing crude oil and natural gas at lower costs and lower emissions, is the major trends witnessed in the global natural gas market.
Potential Opportunities In The Natural Gas Market
With greater stability in the oil and gas industry and high consumption of refined petroleum, the scope and potential for the global natural gas market is expected to significantly rise in the forecast period.
The global natural gas market is further segmented based on type and geography.
By Type – The natural gas market is segmented into transport, industrial, electric power, others.
By Geography – The global natural gas market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific natural gas market accounts the largest share in the global natural gas market.
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Where To Learn More
Read Natural Gas Global Market Report 2019 from The Business Research Company for information on the following:
Markets Covered: global natural gas market, transport, industrial, electric power, others.
Data Segmentations: natural gas market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Natural Gas Market Organizations Covered: PetroChina Co Ltd, Husky Energy Inc, NGL Energy Partners LP, Devon Energy Corp, VNG – Verbundnetz Gas Aktiengesellschaft.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2014-18) and forecast (2018-22).
Other Information And Analyses: PESTEL analysis, natural gas market customer information, natural gas market product/service analysis – product examples, natural gas market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global natural gas market in 2019 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Natural Gas Industry: The report explains a number of strategies for companies in the natural gas market, based on industry trends and company analysis.
Opportunities For Companies In The Natural Gas Sector: The report reveals where the global natural gas industry will put on most $ sales up to 2022.
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