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Natural Gas Market 2021 Recent Growth, Key Players and Regional Forecast to 2027

04-29-2021 09:51 AM CET | Energy & Environment

Press release from: Allied Market Research

The global natural gas market is expected to grow significantly over the forecast period. This growth is attributed to rise in investments in upstream projects, various applications in industries, increase in population, and growth in urbanization. The rise in population and increase in industrial development have been increasing the demand for energy across the world. Oil & gas operators are increasing investments in oil & gas fields.

This increase in investments in the upstream oil & gas sector across the world is expected to propel the global natural gas market during the forecast period. Significant advancements in high energy-intensive industries, including power, water desalination, refining, fertilizers, and petrochemicals have increased the utilization of natural gas over the years. The residential natural gas market is expected to witness significant growth due to rise in population base, rapid urbanization accompanied by increase in energy consumption levels. The demand in the residential sector is widely driven by cooking and heating applications.

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The Saudi Arabia natural gas market is expected to be the market leader over the years. Increase in emphasis on unconventional gas production along with steady rise in consumption rates would support the growth in the industry. Moreover, the country lifted the self-imposed moratorium on the development of offshore North Field, the world’s largest gas reservoir, which is further anticipated to boost the market growth in the region. Asia-Pacific is also expected to grow significantly over the forecast period. South America is expected to grow in a moderate rate and is the smallest region in the global natural gas market.

Key Players in natural gas market are Royal Dutch Shell PLC, Exxon Mobil, GAZPROM NEFT, Chevron Corporation, Total, ConocoPhillips, Statoil, Occidental Petroleum Corporation, Lukoil, British Petroleum, Abu Dhabi National Oil Company (ADNOC), Saudi Aramco, Petroleum Development Oman, General Electric, Qatar Petroleum, Eni, ONGC Videsh, Rosneft, Petrobras, Dana Gas, Bahrain Natural Gas (Banagas), and Bahrain Petroleum Company.

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Key benefits of the report:

• This study presents the analytical depiction of the natural gas market along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the natural gas market share.

• The current market is quantitatively analyzed from 2020 to 2027 to highlight the natural gas market growth scenario.

• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

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About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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