Natural Gas Distribution Global Market Insights as per TBRC?s latest report

Posted by sainath on December 26th, 2018

The Business Research Company’s natural gas distribution global market analysis covers the year-on-year growth of the natural gas distribution global market historic and forecast growth. It also includes chapters on the natural gas distribution global market trends, geographical analysis, and competitive landscape.

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The global natural gas distribution market is forecast to grow at a CAGR (compound annual growth rate) of around 4% to 2020.

Natural Gas Distribution Market Segmentation

According to TBRC’s global natural gas distribution market research, the market is split by segment into industrial and commercial, and households.

Industrial and Commercial was the largest segment in the natural gas distribution market accounting 60% of the market. This was mainly due to high demand for industrial gas for power generation. This segment includes natural gas used for industrial and commercial purposes such as steam generation, metal casting, metal tempering, electricity generation and as a fuel for commercial vehicles.

Household was the second largest segment in the natural gas distribution market. This segment includes natural gas used for household applications such as heating, cooking, drying and in gas fires.

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the Industrial and Commercial, and Household segments are both forecast to grow at a CAGR of 4% by 2020. The growth in industrial and commercial is attributed to the increase in demand for natural gas used to fuel commercial vehicles such as trucks, buses, trailers and minivans. The change in environmental regulations and shift towards more fuel efficient vehicles are leading to an increase in the use of natural gas as a fuel to power vehicles. Whereas the growth in household can be attributed to the increase in demand for natural gas from households around the world, which use natural gas for domestic applications.

The global natural gas distribution global market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global industrial and commercial, and households’ market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are Centrica, Tokyo Gas, Osaka Gas, GAIL India, and UGI.

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