Press release
Dry Natural Gas Market to Reach USD 1300 Bn by 2029, emerging at a CAGR of 7.18 percent and forecast 2023-2029
Dry Natural Gas Market
The research methodology employed in this report involves a thorough analysis of market trends, industry insights, and economic factors shaping the Dry Natural Gas Market. Rigorous data collection and analysis contribute to a reliable and insightful overview of the market.
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What are Dry Natural Gas Market Dynamics:
The increasing global demand for electricity drives the dry natural gas market by population growth and growing economies. Dry natural gas noted for its clean-burning efficiency has become significant in generating power for homes, businesses, and industries. The rising demand contributes to rising dry natural gas prices with the average in the United States soaring from $2.70 to $6.02 per thousand cubic feet between 2020 and 2022. This price rise prompts increased investments in dry natural gas production, fostering new facilities and moderating long-term prices. Additionally, rising dry natural gas usage strains existing infrastructure, prompting investments to ensure efficient delivery. The trend is expected to persist, with a 44% increase in global dry natural gas consumption from 2022 to 2050, fuelled by growing demand in Asia and Africa.
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Dry Natural Gas Market Regional Insights:
North America led the global Dry Natural Gas market with a 30% market share in 2022, expected to maintain dominance with a projected CAGR of 7.7% throughout the forecast period. The United States, a key player in the market, reinforces its position with abundant natural gas reserves and advanced extraction technologies.
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What is Dry Natural Gas Market Segmentation:
by Source
Offshore
Onshore
by End-User
Industrial
Power Generation
Transportation
Residential
Commercial
Others
Who are Dry Natural Gas Market Key Players:
1. China National Petroleum Corporation (China)
2. Sinopec (China)
3. Royal Dutch Shell (Netherlands/United Kingdom)
4. EOG Resources (United States)
5. Chevron (United States)
6. ConocoPhillips (United States)
7. Total Energies (France)
8. Rosneft (Russia)
9. Gazprom (Russia)
10. ExxonMobil (USA)
11. China National Petroleum Corporation (China)
12. Sinopec (China)
13. PetroChina (China)
14. Royal Dutch Shell (UK/Netherlands)
15. Chevron (USA)
16. EOG Resources (USA)
17. ConocoPhillips (USA)
18. Natural Resources Canada (Canada)
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Table of content for the Dry Natural Gas Market includes:
Global Dry Natural Gas Market: Research Methodology
Global Dry Natural Gas Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Dry Natural Gas Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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