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The underground gas storage market is forecasted to grow by USD 10.20 billion during 2023-2028, accelerating at a CAGR of 5.34% during the forecast period. The report on the underground gas storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing energy demand, ensuring energy security, and modernization of infrastructure.
The underground gas storage market is segmented as below:
By Type
- Depleted fields
- Aquifer reservoir
- Salt caverns
By Product
- Natural gas
- Hydrogen
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the underground gas storage market covers the following areas:
- Underground gas storage market sizing
- Underground gas storage market forecast
- Underground gas storage market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global underground gas storage market: AtkinsRealis Group Inc, Cardinal Gas Storage, Centrica Plc, China National Petroleum Corp., Chiyoda Corp., Costain Group Plc, EARTHWORKS, Enbridge Inc., ENGIE SA, HOT Engineering GmbH, Japan Petroleum Exploration Co. Ltd., KAPPA Engineering, Koninklijke Vopak NV, Mitsubishi Heavy Industries Ltd., NAFTA as, Samsung Electronics Co. Ltd., SGS SA, TC Energy, Tetra Tech Inc., and Uniper SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advancements in drilling techniques, seismic imaging, and reservoir management technologies."
According to the report, one of the major drivers for this market is the growing energy demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AtkinsRealis Group Inc
- Cardinal Gas Storage
- Centrica Plc
- China National Petroleum Corp.
- Chiyoda Corp.
- Costain Group Plc
- EARTHWORKS
- Enbridge Inc.
- ENGIE SA
- HOT Engineering GmbH
- Japan Petroleum Exploration Co. Ltd.
- KAPPA Engineering
- Koninklijke Vopak NV
- Mitsubishi Heavy Industries Ltd.
- NAFTA as
- Samsung Electronics Co. Ltd.
- SGS SA
- TC Energy
- Tetra Tech Inc.
- Uniper SE
