Global Natural Gas Distribution Market Size 2024, Forecast To 2033
11 Mar, 2024
The natural gas distribution market has experienced strong growth, increasing from $991.12 billion in 2023 to $1071.96 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.2%. The historic period's growth is attributed to rapid economic expansion in emerging markets, social security energy schemes, a rise in demand for gas in end-user industries, pipeline expansions, and government initiatives to have access to cleaner energy. Expected to continue its strong growth, the market is forecasted to reach $1446.91 billion in 2028, maintaining a CAGR of 7.8%. Growth in the forecast period can be attributed to rising urbanization, increasing demand for automotive natural gas vehicles, alternate modes of natural gas distribution, and the development of new gas pipelines. Major trends in the forecast period involve investing in advanced metering infrastructure (AMI) technology to streamline operations, focusing on energy efficiency programs to facilitate large-scale savings in energy and costs, adopting acoustic leak detection technology to monitor pipelines and optimize gas distribution, adopting geographic information systems (GIS) to support functions, and considering the use of thermal mass flow sensors for easy gas flow monitoring.
Global Natural Gas Distribution Market Key Driver
An increase in the construction of new gas pipelines is expected to propel the growth of the natural gas distribution market. Natural gas is delivered from the transmission system (responsible for moving large quantities of gas over long distances) to end-use customers by the distribution system. Therefore, with increasing pipeline developments, the demand for distribution is also expected to increase. For example, according to a 2022 year-end survey of data in the Global Gas Infrastructure Tracker, an information resource on fossil fuel infrastructure projects and their development, there are a total 210,400 kilometers (km) of gas pipelines in development globally, which is an increase of roughly 9% over the previous year, during the same period. The leading five countries in terms of in-development pipelines (proposed and under construction) are China, Russia, India, Australia, and the United States. Therefore, the growing construction of gas pipelines is likely to drive market growth over the forecast period. The market size in 2023 underscored the significance of natural gas distribution infrastructure, indicating substantial opportunities for market expansion. As pipeline construction activities intensify in 2024, the natural gas distribution market is poised to experience considerable growth, driven by escalating demand and infrastructural developments. Looking ahead to 2028, the market for natural gas distribution is anticipated to witness sustained expansion, fueled by ongoing investments in pipeline infrastructure and evolving energy consumption patterns.
Get A Free Sample Of The Global Natural Gas Distribution Market ReportGlobal Natural Gas Distribution Market Segments
The natural gas distribution market covered in this report is segmented –
1) By Type: Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution
2) By Type of Operator: Public Operator, Private Operator
3) By End User: Residential, Automotive, Domestic, Industrial, Other End Users
By Geography:The regions covered in the natural gas distribution market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Eastern Europe was the largest region in the natural gas distribution market in 2023. Asia-Pacific was the second-largest region in the natural gas distribution market. The regions covered in the natural gas distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Natural Gas Distribution Industry Players
PJSC Gazprom, Uniper SE, Naturgy Energy Group S.A., Centrica plc, Engie S.A., Tokyo Gas Co.Ltd., E.ON SE, GAIL (India) Limited, IberdrolaS.A., Daigas Group, Italgas, Korea Gas Corporation, Novatek, Societe Togolaise de Gaz and Societe BenGaz SA, Gas Natural Fenosa, Beijing Enterprises Group Company Limited, Dominion Energy Inc., Natural Gas Distribution Company, GASAG, Cadent Gas Ltd., Enagás, Williams Companies Inc, National Iranian Oil Company, Indraprastha Gas, Chevron West African Gas Pipeline Ltd.Inc., ENN Group, Mahanagar Gas, Galea LG S.A, Centria Reti Gas, Integrated Gas Services Company LLC, Sede Central de la Compania de Gas de Montevideo, Sempra Energy, Gazprom, Oneok Inc., Southern Co., AGL Resources, G.EN. GAZ ENERGIA, TC Energy Corporation, Shell Overseas Holdings Ltd.,, Enbridge Inc, Montevideo Gas,, Shenergy Group, Eni Gas & Power, NaftoGaz Group, KongWah Group, Hunt LNG, Southern Natural Gas Co and Aquila, Gujarat State Petronet, Omv petrom, Takoradi Power Co. Ltd., Kinder Morgan Inc, Abu Dhabi National Oil Company, Laheeb Gas Trading, Nigeria National Petroleum Corp., PGNiG, Aksa Cukurova Dogal Gaz Dagitim Anonim Sirketi, Petronet LNG, China Resources Gas Group, Planta Compresora Piedra del Aguila TGS, Total E&P Canada Ltd, Osaka Gas
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Natural Gas Distribution Market Overview
Natural gas distribution system refers to the portion of a natural gas system that delivers gas energy from tap stations on the transmission system to points of connection at the customers' premises. Natural gas distribution means the distribution pipelines and metering and regulating equipment at metering-regulating stations that are operated by a local distribution company within a single state that is regulated as a separate operating company by a public utility commission or that is operated as an independent municipally-owned distribution system.
Natural Gas Distribution Global Market Report 2023 provides data on the global natural gas distribution market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The natural gas distribution market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.