The natural gas storage market was valued at $300.8 billion in 2021, and is estimated to reach $629.0 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031. Natural gas storage refers to the process of storing natural gas in underground reservoirs or aboveground facilities to meet future demand. Natural gas is …
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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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