The natural gas market size was valued at $300.4 trillion in 2021, and is projected to reach $424.7 trillion by 2031, growing at a CAGR of 3.4% from 2022 to 2031. Natural gas is a fossil fuel composed mainly of methane, a hydrocarbon compound that is the simplest form of all the organic compounds. It …
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Rise in industrialization and increase in urbanization are the major factors driving the growth of the natural gas storage market. Increase in population leads to high usage of natural gas in transportations, electricity generation, and oil &gas exploration activities. The natural gas storage system is versatile, and further, a gas storage facility is used for marinating …
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Natural gas is used as an intermediate and as an energy source during manufacturing. The industrial needs for natural gas grew stronger than other market segments. The global natural gas market is expected to grow significantly over the forecast period. This growth is attributed to rise in investments in upstream projects, various applications in industries, increase in …
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