London, 31 October 2014 – TechNavio, has announced the publication of its market research report on the Global Natural Gas Storage Market, which is expected to grow at a moderate rate and post a CAGR of 5.7 percent from 2014-2018.
Growing energy security concerns is one of the main drivers of this market. Depleting gas reserves and increased gas consumption have forced several governments to invest in natural gas storage to meet future energy demand.
About the Report
The new report from TechNavio focuses on the growing need to enhance gas distribution system. Storage of natural gas is unique in comparison to other commodities in terms of their field of integration, and reservoirs are an opportune place for the storage of natural gas. Stored gas is used to set up scheduled receipts and deliveries of gas from pipeline companies to customers. Hence, the storage system is also used to balance the gas distribution network.
“The Global Natural Gas Storage Market is highly fragmented with the presence of many large and international vendors worldwide, which has enhanced the competition significantly. Moreover, the demand for natural gas is also growing rapidly from various end-user sectors in recent years,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Growing Need for Energy Security
- For a full detailed list, view our report.
Market Challenges:
- Capital-intensive Market
- For a full detailed list, view our report.
Market Trends:
- Need to Enhance Gas Distribution System
- For a full detailed list, view our report.
Key Vendors:
- Centrica plc
- GDF SUEZ SA
- Niska Gas Storage Partners LLC
Other Prominent Vendors:
- Chiyoda
- E-on
- Foster Wheeler
- Technip
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
