Press release
Global Methane Market Future Estimation, Outlook & Complete Strategic Analysis 2022 - 2030
In terms of volume, the global methane market was sized at 3822.80 Billion Cubic Metres in 2021 growing at a CAGR of 2.1% over the forecast period (2022 - 2030).
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From perspective of supply and demand dynamics, pricing of methane is highly dependent on supply and demand scenario. Some of the major factors affecting methane prices include amount of natural gas production, storage, imports and exports. The economic growth affects methane market supply severely, as demand for goods and services from industrial and commercial sector increases the product consumption. Moreover, weather conditions play crucial role in fluctuating the supply and demand for methane. For instance, in winter, methane demand is strongly influenced by residential and commercial consumption for heating purposes. Similarly, in summer, the demand for natural gas increases with growing use of air conditioning in buildings and homes. This generally puts pressure on power sector with increased natural gas demand. However, underground storage fields for natural gas played vital role in catering peak demand. Such storages aid in meeting seasonal or sudden spike in demand, which cannot be catered through imports and domestic production. Less withdrawal from natural gas inventories during Covid-19 owing to decline in demand for power generation in 2020 is further projected to support in meeting dry natural gas demand associated with economic recovery in the extended run.
The industry faced significant impact during COVID-19 pandemic, as lockdown restrictions severely contributed in lost electricity demand. Before the crisis, warm winter also resulted in loss of electricity demand annually. In addition, COVID-19 induced macroeconomic crisis and lowered the level of industrial activity globally. Such a factor reduced the demand for methane among end-users. However, after relaxation of COVID-19 restrictions, growth in mature and emerging markets in Asia Pacific is projected to spur methane market growth in the extended run.
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Key Players Influencing the Methane Market:
Black Diamond Energy, Inc.
Chevron Corporation
China National Petroleum Corporation
Dakota Gasification Company
Exxon Mobil Corporation
IGas Energy plc
Korea Gas Corporation
Mitsubishi Corporation
Oil and Natural Gas Corporation Ltd.
Royal Dutch Shell plc
Santos Ltd.
Saudi Arabian Oil Co.
Tokyo Gas Co., Ltd.
TotalEnergies
Other Market Participants
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Our 420+ Pages Report titled, Methane Market will include extensive information on the following pointers:
Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Methane Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Methane Market Segmentation:
By Type
Natural
Synthetic
By Form
Gas
Liquid
By Application
Power Generation
Fuel
Chemical Synthesis
Heating
Food Processing
Others
By End-Use Industry
Industrial
Residential
Commercial
Transportation
Utilities
Others
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