Underground Gas Storage Market Growth Analysis | Cardinal Gas Storage, Centrica Plc, Chiyoda Corp. are among key contributors
Competitive Benchmarking and Vendor Forecasts for 2021-2025
The underground gas storage market and it is expected to grow by 1952.31 bn ft3, accelerating at a CAGR of almost 2.33% during the forecast period. The market is fragmented. The research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. Market players must distinguish their product and service offerings through a clear and unique value proposition in order to secure a substantial share of the market. This report will provide a detailed study of the key players with insights into their product portfolio and future pipeline. Cardinal Gas Storage, Centrica Plc, Chiyoda Corp., EARTHWORKS, Enbridge Inc., ENGIE SA, Mitsubishi Heavy Industries Ltd., NAFTA as, Samsung Heavy Industries Co. Ltd., and SNC-Lavalin Group Inc. are some of the major participants in the market.
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Underground Gas Storage Market: Market Highlights
- The Underground gas storage market is segmented by Type (Depleted fields, Aquifers, and Salt caverns) and Geography (North America, MEA, Europe, APAC, and South America).
- Europe led the market with 37% of the market growth set to originate from this region during the forecast period.
- Increase in unconventional gas production is one of the primary factors driving the growth of the underground gas storage market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For more insights on this market: Download a Free Sample Report
Key Focus Areas in Our Reports:
- Market segments
- Comparison by Product
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- Grading equipment - Market size and forecast 2020-2025
- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Cardinal Gas Storage
- Centrica Plc
- Chiyoda Corp.
- EARTHWORKS
- Enbridge Inc.
- ENGIE SA
- Mitsubishi Heavy Industries Ltd.
- NAFTA as
- Samsung Heavy Industries Co. Ltd.
- SNC-Lavalin Group Inc.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 2.33%.
- What is the incremental growth of the market?
The market is expected to grow by 1952.31 bn ft3 through 2021-2025.
- What is a key factor driving this market?
Increase in unconventional gas production will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, MEA, Europe, APAC, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
37% growth will originate from Europe
- Who are the leading market vendors?
The leading vendors in this market are Cardinal Gas Storage, Centrica Plc, Chiyoda Corp., EARTHWORKS, Enbridge Inc., ENGIE SA, Mitsubishi Heavy Industries Ltd., NAFTA as, Samsung Heavy Industries Co. Ltd., and SNC-Lavalin Group Inc.
- What are the market segments covered in this report?
The market is segmented by Type (Depleted fields, Aquifers, and Salt caverns) and Geography (North America, MEA, Europe, APAC, and South America)
