Press release
Gas Market Opportunities, Segmentation, Assessment and Competitive Strategies
Gas Market manufacturing industries, intensifying industrialization, and urbanisation are the key market drivers. Additionally, it is predicted that the industrial gases market will experience strong growth over the course of the forecast period due to the expanding use of industrial gases in a number of sectors, including food and beverage, pharmaceuticals, metals and mining, and healthcare Industrial gases are a few particular kind of gaseous substances that are produced for use in industry. Though many additional gases and compounds are also available in gas cylinders, the main gases offered include nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene. Industrial gases are being used in a variety of industries, including those in the food and beverage, pharmaceutical, metals and mining, healthcare, and rising manufacturing sectors, which are all contributing to the market expansion.The selling of natural gas by organisations, sole proprietors, and partnerships for use as fuel in combined heat and power systems makes up the natural gas market. Methane and even minor amounts of other higher alkanes are present in natural gas, a combination of gaseous hydrocarbons. Additionally, it generates energy and is used for heating. A compound annual growth rate (CAGR) of 6.9% is projected for the worldwide natural gas market size, which is anticipated to reach $1.23 trillion in 2026.The increase in worldwide economic activity is what's driving the natural gas market's expansion.
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Gas Market Market: Segment Analysis
Global Gas Market: Major Players
Conoco Energy Nigeria Limited.
Shell Petroleum Development Company (SPDC)
Nigerian National Petroleum Corporation (NNPC)
Elf Petroleum
Nigeria Liquefied Natural Gas Limited (NLNG)
Mobil Producing Nigeria
Nigerian Gas Company (NGC)
Nigerian Agip Oil Company (NAOC)
Chevron Nigeria Limited
Global Gas Market: By Types
Regular (usually 87 octane)
Mid-grade (usually 89 octane)
Premium (usually 91 or 93)
Global Gas Market: By Applications
Residential
Commercial
Industrial
Global Gas Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Oil Shale market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Analysis of COVID-19's effects
The market impact of COVID-19 is what caused the anticipated year-over-year rapid rise. The epidemic prompted stringent containment measures, including as social isolation, remote work, and the suspension of commercial operations, which created operational difficulties.
Due to the epidemic, learning and education are now increasingly taking place online. The workforce can benefit from this since they can develop skills that will enable them to deploy and use AI tools and software from the convenience of their own homes.
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