Natural Gas Distribution Market Characteristics
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.
Competitive Landscape of the Natural Gas Distribution Market
Major players in the global natural gas distribution market include Centrica, Tokyo Gas, Osaka Gas, GAIL India, Gas Natural Fenosa, UGI, Sempra Energy, Atmos Energy, NiSource, and Towngas.
Natural Gas Distribution Market Size
The natural gas distribution market size is expected to reach $570 billion by 2022, significantly growing at a CAGR of around 4% during the forecast period. The growth in the natural gas distribution market is due to increase in demand for natural gas from households and power generation companies around the world, which use natural gas for domestic and commercial purposes.
However, the market for natural gas distribution is expected to face certain restraints from several factors such as rise in debts, electricity transmission and distribution losses.
Natural Gas Distribution Market Segmentation
The global natural gas distribution market is further segmented based on type and geography.
By Type - The global natural gas distribution market is further segmented as industrial and commercial and household, among these segments, the electric power distribution market accounts for the largest share in the global natural gas distribution market.
By Geography - The global natural gas distribution is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific natural gas distribution market accounts the largest share in the global Natural gas distribution market.
Trends in the Natural Gas Distribution Market
Advanced metering infrastructure (AMI) for gas utilities investment in energy efficiency programs continue to rise and acoustic leak detection technology for gas pipelines are the major trends witnessed in the global natural gas distribution market.
Potential Opportunities in the Natural Gas Distribution Market
With economic growth, greater availability of natural gas, and natural gas prices fell due to oversupply and weak demand, the scope and potential for the global natural gas distribution market is expected to significantly rise in the forecast period.