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Discover the Exciting Potential of the Natural Gas Market and its Lucrative Growth Opportunities || PetroChina Co. Ltd., Husky Energy Inc., NGL Energy Partners LP
Natural Gas Market
The Business Research Company's Natural Gas Global Market Report 2023 identifies increase in usage of electricity,and refined petroleum from developing nations is the major driver for the natural gas market's growth in the forecast period. An increase in the usage of the electric power sector is expected to propel the growth of the natural gas market going forward. The electric power sector refers to electricity plants that provide services through electricity generation, transmission, and distribution. Natural gas is used in steam turbines and gas turbines to generate electricity.
The global natural gas market size will grow from $955.74 billion in 2022 to $1025.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of natural gas is expected to grow from $1372.08 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the natural gas market include PetroChina Co. Ltd., Husky Energy Inc., NGL Energy Partners LP, Devon Energy Corp, and VNG - Verbundnetz Gas Aktiengesellschaft.
A key trend in the natural gas market includes making significant investments in renewable sources of power. Crude oil and natural gas production are energy-intensive and renewable technologies like solar, wind, biomass, and geothermal are being used in producing crude oil and natural gas at lower costs and lower emissions, which are the major trends witnessed in the global natural gas market.
Read More On The Global Natural Gas Market Report Here: https://www.thebusinessresearchcompany.com/report/natural-gas-global-market-report
The natural gas market is segmented -
1) By Type: Transport, Industrial, Electric Power, and Other Types
2) By Source: Associated Gas, Non Associated Gas, Unconventional Sources
3) By End User: Light Duty Vehicles, Medium Or Heavy Duty Buses, Medium Or Heavy Duty Trucks
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the natural gas market.
The Business Research Company's "Global Natural Gas Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Natural Gas Market Include:
1. Executive Summary
2. Natural Gas Market Characteristic
3. Natural Gas Market Trends And Strategies
4. Natural Gas Market - Macro Economic Scenario
5. Natural Gas Market Size And Growth
……………
27. Natural Gas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Natural Gas Market
29. Natural Gas Market Future Outlook And Potential Analysis
30. Appendix
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