DUBLIN, Jan. 10, 2018 /PRNewswire/ --
The "Global Underground Gas Storage Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The global underground gas storage market will grow at a CAGR of more than 3% during the forecast period.
The growth in conventional oil and gas exploration and production activities as an alternative to conventional production has led to the identification of major unconventional oil and gas reserves. Some unconventional resources such as shale oil and gas have hydrocarbon-bearing rock formations with low permeability and low porosity.
Natural gas such as shale gas and tight gas produces lower GHG emissions when compared with other fossil fuels during combustion and hence the adoption of this fuel is growing to support the increase in energy needs. Therefore, the adoption of unconventional has production techniques has observed a higher growth than conventional oil and gas production due to the lower GHG emission in the former as well as the widespread presence of unconventional reserves.
Growing demand for natural gas
The increasing demand for natural gas for various purposes will spur the construction and storage of natural gas to ensure sufficient supply, and in turn will lead to the growth of the global underground gas storage market.
Change in energy mix
The increase in the adoption of renewable energy sources for power generation and other purposes will impact the adoption of conventional fossil fuel in the market, which, in turn will have a negative impact on the investments in oil and gas E&P activities and ultimately affect the growth of the market.
The underground gas storage market is highly fragmented with the presence of many vendors in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Comparison by type
- Depleted fields
- Salt caverns
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
- Global initiatives to reduce GHG emissions
- Cessation of World Bank funding for oil and gas projects
- Regulations to ensure safety in underground gas storage
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Costain Group
- Polskie Grnictwo Naftowe i Gazownictwo
For more information about this report visit https://www.researchandmarkets.com/research/2btbjv/global?w=5
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SOURCE Research and Markets