Natural Gas Market 2020 by Key Players, Types and Applications With In-Depth Research On Industry Size, Share, Trends, Emerging Growth Factors And Regional Forecasts To 2024
Global Natural Gas Market 2020-2024: About this market
Natural Gas market analysis considers sales from conventional and unconventional resource types. Our study also finds the sales of natural gas in APAC, Europe, MEA, North America, and South America. In 2019, the conventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for natural gas and increasing investments in the upstream sector will play a significant role in the conventional segment to maintain its market position.
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Also, our global natural gas market report looks at factors such as rising investments in upstream projects, increasing focus on unconventional exploration and production activities, and growing demand for natural gas. However, volatility in oil and gas prices, environmental concerns related to drilling, and change in energy mix may hamper the growth of the natural gas industry over the forecast period.
Global Natural Gas Market: Overview
Rising investments in upstream projects:
The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources using technological advances in the oil and gas industry. Moreover, the production of oil and natural gas is declining from several conventional oilfields. To address this issue and maximize the revenue from such oilfields, oil and gas operators are increasing investments in mature oil and gas fields. Such increasing investments in the upstream oil and gas sector across the world will lead to the expansion of the global natural gas market at a CAGR of about 5% during the forecast period.
Commoditization of LNG:
An increase in the demand for LNG and a rise in its supply is essential for the growth of this commodity market. The growing diversity in the LNG contract terms among the producers and buyers is leading to an increase in the number of floating liquefaction and regasification plants, as well as to the rising liquidity of tradable LNG, thereby commoditizing LNG. Hence, the global LNG market is eventually transitioning toward a more transparent, efficient, and liquid market. The economic viability of the LNG form of natural gas makes it highly preferred for transporting over long distances. The reduced prices of LNG have increased its use, driving the shift from coal to natural gas. Hence, the commoditization of LNG has increased LNG trading activities and benefitted vendors. This development is expected to have a positive impact on the overall market growth.
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With the presence of several major players, the global natural gas market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading natural gas manufacturers, that include
BP Plc, Chevron Corp.
Exxon Mobil Corp.
PetroChina Co. Ltd.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
Suncor Energy Inc.
Also, the natural gas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
With tables and figures helping analyze worldwide Global Natural Gas market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Key Points from TOC:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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