Global Natural Gas Distribution Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
4 May, 2021
The natural gas distribution market consists of sales of natural gas by entities (organizations, sole traders and partnerships) that operate gas distribution systems (e.g., mains, meters) including gas marketers that buy gas from the well and sell it to a distribution system, gas brokers or agents that arrange the sale of gas over gas distribution systems operated by others and establishments that transmit and distribute gas to final consumers.
Global Natural Gas Distribution Market Size And Drivers:
The global natural gas distribution market is expected to grow from $466.18 billion in 2020 to $553.09 billion in 2021 at a compound annual growth rate (CAGR) of 18.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $758.91 billion in 2025 at a CAGR of 8%.
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Trends In The Global Natural Gas Distribution Market
Companies in the natural gas distribution market are using alternate modes of natural gas transportation for the delivery of natural gas through land. Natural gas is transported mostly through pipes or through shipping vessels. However, companies are now exploring the use of railroads for the delivery of natural gas. Transporting natural gas through rails might allow the companies to expand its reach to remote industrial areas. Following the trend, in 2019, the U.S Pipeline and Hazardous Materials Safety Administration approved the New Fortress Energy’s plan to transport natural gas from Pennsylvania’s Marcellus Shale by train for about 175 miles to South Jersey, U.S.
Global Natural Gas Distribution Market Segments:
The global natural gas distribution market is further segmented based on type and geography.
By Type: Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution
By Type of Operator: Public Operator, Private Operator
By Geography: The global natural gas distribution market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Natural Gas Distribution Market At:https://www.thebusinessresearchcompany.com/report/natural-gas-distribution-global-market-report-2020-30-covid-19-impact-and-recovery
Natural Gas Distribution Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides natural gas distribution market overviews, analyzes and forecasts market size and growth for the global natural gas distribution market, natural gas distribution market share, natural gas distribution market players, natural gas distribution market segments and geographies, natural gas distribution market’s leading competitors’ revenues, profiles and market shares. The natural gas distribution market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.