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Natural Gas Distribution Global Market Report 2024 To 2033 | PJSC Gazprom, Uniper SE, Naturgy Energy Group S.A., Centrica plc, Engie S.A., Tokyo Gas Co., Ltd
Natural Gas Distribution Market Share
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According to The Business Research Company's, The natural gas distribution market size has grown strongly in recent years. It will grow from $991.12 billion in 2023 to $1071.96 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rapid economic growth in emerging markets, social security energy schemes, rise in demand for gas in end-user industries, pipeline expansions, and government initiatives to have access to cleaner energy.
The natural gas distribution market size is expected to see strong growth in the next few years. It will grow to $1446.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising urbanization, increasing demand for automotive natural gas vehicles, alternate modes of natural gas distribution, and development of new gas pipelines . Major trends in the forecast period include investing in ami technology to streamline operations, focusing on energy efficiency programs to facilitate large-scale savings in energy and costs, adopting acoustic leak detection technology to monitor pipelines and optimize gas distribution., adopting giss to support functions, and consider using thermal mass flow sensors for easy gas flow monitoring.
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Market Drivers and Trends:
An increase in the construction of new gas pipelines is expected to propel the growth of the natural gas distribution market. Natural gas is delivered from the transmission system (responsible for moving large quantities of gas over long distances) to end-use customers by the distribution system. Therefore, with increasing pipeline developments, the demand for distribution is also expected to increase. For example, according to a 2022 year-end survey of data in the Global Gas Infrastructure Tracker, an information resource on fossil fuel infrastructure projects and their development, there are a total 210,400 kilometers (km) of gas pipelines in development globally, which is an increase of roughly 9% over the previous year, during the same period. The leading five countries in terms of in-development pipelines (proposed and under construction) are China, Russia, India, Australia, and the United States. Therefore, the growing construction of gas pipelines is likely to drive market growth over the forecast period.
Companies in the natural gas distribution industry are investing in robotic wireless in-pipe leak detection systems for faster repair of leakages. Traditional detection systems are often slow. The new robotic technology can detect leaks at a faster pace and with high accuracy. The robotic devices use laser beams to detect potential leak points by analyzing the gas concentration in close proximity. This technology provides reliable results and reduces the amount of data to be processed in detection to plug gas leakage. For instance, the A6 OMD robot, developed by SMP Robotics, is used to detect underground pipeline gas leaks. It uses GPS to frame a map to locate the gas leak for a pipeline of any length.
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Major Key Players of the Market:
F. Hoffmann-La Roche Ltd, QIAGEN N.V., Hologic, Abbott Laboratories, Danaher Corporation, Biomérieux, Becton Dickinson & Co, Siemens Healthineers AG, Grifols S.A., Sysmex Corporation, Abbott India Limited, Qiagen India Pvt Ltd, Biocartis, Bio-Techne India Private Limited, Cleaver Scientific, Zhejiang Di'an Diagnostics Technology Co. Ltd, ADICON Clinical Laboratories, Guangzhou Kingmed Diagnostics Center Co. Ltd., Kindstar Global, BGI-Shenzhen, OriGene Technologies, Bayer AG, Johnson & Johnson, Nippon Becton Dickinson Company, QuantuMDx, Yourgene Health, Genefirst, Interlabservis, GeneMe, TestLine, Clinical Diagnostics s.r.o, Hologic Inc., Illumina Inc., Novartis AG, Cepheid Inc., Admera Health, Agilent technologies Inc., AutoGenomics, Bio-Red Laboratories Inc, Ortho Clinical Diagnostics Inc, Sysmex Middle East FZ-LLC, QIAGEN SA (Pty) Ltd.
Natural Gas Distribution Market 2024 Key Insights:
• The natural gas distribution market size is expected to see strong growth in the next few years. It will grow to $1446.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Gas Pipeline Construction Expected To Drive Growth In Natural Gas Distribution Market
• Advancements In Robotic Wireless In-Pipe Leak Detection Systems
• Eastern Europe was the largest region in the natural gas distribution market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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