Increasing Usage Of Natural Gas In End User Industries Is Fuelling The Natural Gas Storage System Market

According to a recently published report, the global Natural Gas Storage Market has been expected to grow at a CAGR of 3.8% during the forecast period 2016-2022. The global natural gas storage market is segmented on the basis of storage type and geography. The report on global natural gas storage market forecast, 2016-2022 (by storage type and geography) provides detailed overview and predictive analysis of the market.

Full report is available on global natural gas storage market forecast 2016-2022 (by storage type and geography) report at http://www.briskinsights.com/report/natural-gas-storage-market

Natural gas has its wide applications in numerous industries including transportation, power generation and in industrial operations. Natural gas is one of the major source for generating electricity by using gas turbines, cogeneration and steam turbines. In U.S., around 30% of the power was generated through natural gas in 2015 and in the upcoming scenario this rate has been anticipated to increase owing to its qualitative features. Moreover, in transportation industry natural gas is being used due to its lower emission rate and low cost as compare to other fuels. Besides its use in road vehicles, natural gas is also being used in aerial vehicles which is significantly influencing the demand for effective and efficient natural gas storage systems. Rising security concern coupled with depleting natural resource has been shifting the focus on the consumption of natural gas. This has generated the demand fora safe and effective natural gas storage facilities. Further, growth of industries and urbanization has been also boosting the consumption of natural gas thereby increasing the market share of natural gas storage market.Increase in the usage of fuel powered generators in commercials, residential and military places will also create a positive growth environment for the natural gas market over the forecasted period 2016-2022. Maintenance of natural gas storage systems and high installation price has been anticipated to hamper the growth of the natural gas storage market. However, increasing demand for natural gas has been expected to create significant opportunities for the growth of this market.

Scope of the Report

1. Global Natural Gas Storage Market By Storage Type 2012–2022($million)
1.1. Underground storage
1.1.1. Salt Caverns
1.1.2. Depleted Reservoirs
1.1.3. Aquifers
1.2. Aboveground Storage
1.2.1. Regasification capacity
1.2.2. Liquefaction capacity
1.2.3. Floating Lng

2. Global Natural Gas Storage Market Regional Outlook 2012-2022 ($million)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Middle East & Africa
2.5. Central & South America

3. Competitive Landscape
3.1. Cardinal Gas Storage Partners LLC
3.2. Centrica Storage Ltd.
3.3. Chiyoda Corporation
3.4. E-On Group
3.5. Enbridge Gas Distribution Inc.
3.6. Engie S.A.
3.7. Foster Wheeler
3.8. Gazprom
3.9. GDF Suez
3.10. Niska Gas Storage
3.11. Samsung Heavy Industries
3.12. Spectra Energy
3.13. Technip
3.14. TransCanada Corporation
3.15. Worley Parsons