AP NEWS

Global Underground Gas Storage (Depleted Fields, Aquifers, Salt Caverns) Market 2019-2023 - ResearchAndMarkets.com

January 10, 2019

DUBLIN--(BUSINESS WIRE)--Jan 10, 2019--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.

Market Overview

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.

Competitive Landscape

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 Aquifers 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 ENGIE Gazprom Polskie Grnictwo Naftowe i Gazownictwo Uniper

For more information about this report visit https://www.researchandmarkets.com/research/j8xrg6/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190110005257/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Pipelines

KEYWORD:

INDUSTRY KEYWORD: ENERGY OTHER ENERGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/10/2019 05:32 AM/DISC: 01/10/2019 05:32 AM

http://www.businesswire.com/news/home/20190110005257/en

AP RADIO
Update hourly