openPR Logo
Press release

What's driving the Natural Gas Storage market trends? ENGIE, Enbridge Pipelines, TransCanada Turbines, Sempra Energy, Trafigura, Worley, DTE Energy, Centrica, Technip, Chiyoda Corporation, Spectra Energy, Amec Foster Wheeler, Gazprom, NAFTA a.s.

What's driving the Natural Gas Storage market trends? ENGIE,

The global natural gas storage market is likely to witness considerable growth in the coming years due to recent product innovations in storage systems. According to a report by Fortune Business Insights, titled "Natural Gas Storage Market Size, Share and Global Trend by Type (Above Ground Storage & Underground Storage), and Geography Forecast till 2026," the market will benefit from the escalating demand for natural gas as alternatives to other combustion fuels.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/natural-gas-storage-market-100428

Top Players Overview:

o Engie SA
o Enbridge Inc
o TransCanada
o Sempra Energy
o Trafigura
o WorleyParsons
o DTE Energy
o Centrica
o Technip
o Chiyoda Corporation
o Spectra Energy
o Amec Foster Wheeler
o Gazprom
o NAFTA A.S

Key Market Driver - Soaring demand for natural gas
Key Market Restraint - Expensive and rigid infrastructure needed to store natural gas

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/natural-gas-storage-market-100428

Overall Spending on Mergers and Acquisitions Has Increased, it Subsequently Aids Market Growth
Due to the increasing demand for natural gas, companies are focusing on implementing efficient delivery systems as well as initiating enhanced natural gas storage systems. The challenges faced during natural gas storage have given rise to several technological innovations. Modern technological concepts have certainly favored the growth of the overall natural gas storage market. In a bid to establish a strong market brand, companies are adopting some standout business strategies in a market that consists of several big name players. Among the numerous strategies that these natural gas storage companies are adopting, mergers and acquisitions have stood out and it is seen that most companies are benefiting are able to generate substantial natural gas market revenue. In 2018, Trafigura signed an agreement with Singapore LNG (SLNG) for the deployment of storage and reload services. Fortune Business Insights has predicted that such company collaborations are bound to have a direct impact on the growth of the global natural gas market.

Key Segmental Overview:

1. By Type
o Above Ground Storage
o Fixed LNG Terminal
o Floating LNG Terminal
o Underground Storage
o Salt Cavern
o Depleted Reservoirs
o Aquifers
2. By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/natural-gas-storage-market-100428

Enormous Spending on Natural Gas Exports to Favor Market in North America

The increasing trade activities conducted by several companies in North America involving natural gas exports have favored the growth of the natural gas storage market in this region. The US natural gas exports are inclined towards the countries of Canada and Mexico. Fortune Business Insights labels increasing trade activities as one of the major growth catalysts for the natural gas storage market in North America. Furthermore, the use of natural gas in temperature control in residential and commercial spaces will create the need for efficient natural gas storage units, which in turn will favor the growth of the market in North America. Having said that, the natural gas storage market in the Asia Pacific will witness a high growth rate in the coming years due to the fast-paced industrialization and extensive urbanization.

Key Industry Developments

o In April 2020, Sempra Energy announced that it has completed the divestiture of its US renewable business and non-utility natural gas storage assets generating around $2.5 billion in cash.
o In October 2018, The executive members of Gazprom and VNG meet at 8th Petersburg International Gas Forum to discuss gas imports and storage-related issues. The main attention was paid to joint efforts in the field of underground gas storage including a joint project for the Katharina UGC facility in Germany.
o In January 2018, Trafigura has signed a second deal with Singapore LNG Corp., for storage and reload services of liquefied natural gas (LNG). Under the new deal, Trafigura will have access to 160000mł of LNG storage capacity for the next 24months.

The adoption of natural gas liquids has risen drastically in recent years due to awareness regarding global warming. As air pollution plays a significant role in global warming, there is a need to create sustainable alternatives with the same operational efficacies. Due to the outcry for sustainable alternatives, natural gas liquids have witnessed a huge demand across the world. The huge demand for natural gas liquids has subsequently initiated greater challenges, among which natural gas storage has emerged as one of the more difficult problems. As a result of this, companies are highly engaged in the research and development of enhanced natural gas storage systems. The growing adoption of natural gas, combined with its exceptional properties such as reduced gas emissions has led to several product innovations. Fortune Business Insights highlights some of the latest industry developments and gauges the impact of these developments on the global natural gas liquids market.

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/natural-gas-storage-market-100428

Major Table of Content For Natural Gas Storage Market:

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Natural Gas Storage Analysis, Insights and Forecast, 2026
6. North America Natural Gas Storage Analysis, Insights and Forecast, 2026
7. Europe Natural Gas Storage Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Natural Gas Storage Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Natural Gas Storage Market Analysis, Insights and Forecast, 2026
10. Latin America Natural Gas Storage Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com

About us:

Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM)
LinkedIn | Twitter | Blogs

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Natural Gas Storage market trends? ENGIE, Enbridge Pipelines, TransCanada Turbines, Sempra Energy, Trafigura, Worley, DTE Energy, Centrica, Technip, Chiyoda Corporation, Spectra Energy, Amec Foster Wheeler, Gazprom, NAFTA a.s. here

News-ID: 2054603 • Views: 381

More Releases from Fortune Business Insights Pvt. Ltd.

Key Companies Covered in the Connected Drug Delivery Devices Market Research Rep …
The global “connected drug delivery devices market size” is projected to reach USD 4,062.7 million by 2026, exhibiting a CAGR of 35.4% during the forecast period. However, the market size was USD 361.1 million in 2018. This information is published in a recent report by Fortune Business Insights™, titled, “Connected Drug Delivery Devices Market Size, Share & Industry Analysis, By Type (Injectable Devices and Inhalation Devices & Others) By Technology…
Key Companies Covered in the Hip Replacement Market Research Report are Raw mate …
The global hip replacement market size will increase with the advent of robot-assisted surgical procedures worldwide. Fortune Business Insights™ in their recent report titled, “Hip Replacement Market Size, Share & Industry Analysis, By Procedure (Total Hip Replacement, Partial Hip Replacement, and Revision & Hip Resurfacing), By End User (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics, and Others) and Regional Forecast, 2019-2026”, provides a comprehensive analysis of the market and their…
Key Companies Covered in the Gene Therapy Market Research Report are Novartis AG …
The global gene therapy market is set to gain momentum from the rising incidence of different types of cancer. The field of this therapy is undergoing several technological advancements that would help in treating cancer in those patients who are at high risks of getting affected by this disease through genetic mutations. Fortune Business Insights™ provided this information in a new report, titled, “Gene Therapy Market Size, Share & COVID-19…
Medical Transcription Software Market Size and Detailed Analysis Focusing On Key …
The global medical transcription software market size will benefit from the growing penetration of technology and automation in several applications across the healthcare industry. According to a report published by Fortune Business Insights, titled “Medical Transcription Software Market Size, Share & Industry Analysis, By Deployment (Cloud/Web-based and Installed/On-Premises), By End User Facility (Hospitals, Diagnostic Centers, Clinics, and Others), By Type (Voice Capture and Voice Recognition), By End User (Radiologists, Surgeons,…

All 5 Releases


More Releases for Storage

Self-Storage Software Market Trends, Developments, Future Prospects and Prominen …
The Self-Storage Software Market is a category of management software. It has user-friendly and bendable functions to meet the needs of small to large facilities. Some of the leading self-storage software programs offer structures, such as facility maps, specialized payment options, online access for customers, and gate access integration as well. You can get a sample copy of this report @ https://www.orianresearch.com/request-sample/1498463 Emergence of cloud-based self-storage software and mobile applications are…
Cloud Storage Market
Cloud storage is a complete solution package, which includes software and services to manage, maintain, and store data in a virtual environment. It helps both large and small & medium enterprises to store and access relevant information from data center through the Internet. These data centers are maintained at distant places and are connected through networks, which enable the users to access information using the Internet. Cloud storage gives additional…
Global Cloud Storage Market
Global Cloud Storage Market – Industry Analysis and Forecast (2017-2026) – by Type, Deployment Model, Organization Size, Vertical, and Geography. Global Cloud Storage Market was valued US$ 35.1 Bn in 2017 and is expected to reach US$ 197.4 Bn by 2026, at a CAGR of 25.99% during forecast period. Cloud storage is allowing enterprises to store information on remote servers which can be accessed using internet. These remote servers are operated, maintained…
Data Storage Market
The MEA data storage market was valued at US$ 2,790 Mn in 2016 and is projected to reach US$ 8,431.3 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 13.6% during the forecast period i.e. 2017–2025. According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2012-2016) and Opportunity Assessment (2017–2025),” major factors responsible for…
Industrial Energy Storage System
The Global Industrial Energy Storage System Market Research Report 2017 renders deep perception of the key regional market status of the Industrial Energy Storage System Industry on a Global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. Request for sample of Industrial Energy Storage System Market research report @ https://www.qyresearchgroups.com/request-sample/497849 The…
Global Next-Generation Data Storage Market 2017 By Types - Cloud Storage, Unifie …
Synopsis of the Global Next-Generation Data Storage Report Next-Generation Data StorageThe global Next-Generation Data Storage report consists of an in-depth data and information about various major companies and their statistics. Every company profile comprises of the company’s key facts, overview, key employees, financial ratios, major services and products, financial analysis, acquisitions and mergers, company subsidiaries, and company locations. Request for FREE Sample Report @ https://goo.gl/vU7Ee3 Scope of the Global Next-Generation Data Storage Report …