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Natural Gas - Global Strategic Business Report

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    Report

  • 493 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338396
The global market for Natural Gas is estimated at 3.9 Trillion Cubic Meters in 2023 and is projected to reach 5.1 Trillion Cubic Meters by 2030, growing at a CAGR of 4.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the natural gas market is driven by several factors. The increasing global demand for cleaner energy sources to mitigate climate change and reduce air pollution is a major driver, as natural gas serves as a bridge fuel in the transition from coal and oil to renewable energy. Economic growth and industrialization, particularly in emerging economies, are fueling the demand for natural gas in power generation, industrial applications, and residential heating. Technological advancements in extraction and transportation are making natural gas more accessible and cost-competitive, encouraging its adoption.

Additionally, geopolitical factors and energy security concerns are leading countries to diversify their energy sources and invest in natural gas infrastructure. Government policies and incentives aimed at reducing carbon emissions and promoting energy efficiency are also supporting the expansion of the natural gas market. These factors, combined with ongoing innovations in natural gas technologies, are driving the robust growth of the natural gas market, ensuring its pivotal role in the global energy landscape.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Industrial End-Use segment, which is expected to reach 1.9 Trillion Cubic Meters by 2030 with a CAGR of a 5.4%. The Electric Power End-Use segment is also set to grow at 3.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 926.2 Billion Cubic Meters in 2023, and China, forecasted to grow at an impressive 4.3% CAGR to reach 501.0 Billion Cubic Meters by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Natural Gas Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Natural Gas Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Natural Gas Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as BP Plc, Chesapeake Energy Corp., Chevron Corp., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 145 Featured):

  • BP Plc
  • Chesapeake Energy Corp.
  • Chevron Corp.
  • China National Petroleum Corporation
  • Conoco Philips, Co.
  • EQT Corp.
  • Equinor ASA
  • Exxon Mobil Corp.
  • Hess Corp.
  • Saudi Arabian Oil Company (Saudi Aramco)
  • Shell Plc
  • The PJSC Lukoil Oil Company
  • TotalEnergies SE

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • What is Natural Gas?
  • Global Economic Update
  • Global Oil Prices Remain Volatile Amid Acute Geopolitical Uncertainty & Tensions that Heighten Threat of Market Shocks: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • While Still Not in the Comfort Zone, the Expected Steeper Fall in Inflation in 2024 Can Cushion Economic Growth: Global Inflation Rates (In %) for the Years 2019 through 2025
  • Mild Slowdown on Cards for 2024, as the Global Economy Attempts to Balance Recovery While Navigating Through Wars, Political Conflicts & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competition
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • A Peek Into the Natural Gas Market Dynamics
  • Influencer/Product/Technology Insights
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Strong Demand for Natural Gas Vehicles (NGVs) Drives Consumption of CNG and LNG
  • Emphasis on NGVs as a More Practical Bridge to a Cleaner Future Expands the Addressable Market Opportunity for Natural Gas: Global NGV Population (In 000 Units) for Years 2023, 2025 and 2027
  • Strong Investments in Natural Gas Pipelines to Encourage Growth in the Natural Gas Market
  • Robust Spending on Oil and Gas Pipes Will Encourage Trade & Bring Significant Volumes of Natural Gas to Export & Import Terminals: Global Market for Oil and Gas Pipes (In US$ Billion) for Years 2024, 2026, 2028, 2030
  • The U.S. Unveils Optimistic Pipeline Capacity Plans That Give Natural Gas Exports From the Country a Shot in the Arm: Pipeline Capacity Expansion in the U.S. (In Billion Cubic Feet Per Day) as of December 2023
  • Focus on Low Carbon Fuels as a Vital Step in Clean Energy Transition Drives Demand for Natural Gas
  • Unconventional Gas Revolution Gets Underway
  • AI’s Role in Natural Gas Operations Intensifies. Here’s the Story
  • A Quick Review of Technology Trends Sweeping Through the Natural Gas Market
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Natural Gas Market Analysis of Annual Sales in Million Cubic Meters for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Natural Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Natural Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Natural Gas by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Electric Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Electric Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Electric Power by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Natural Gas Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • TABLE 20: USA Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 21: USA Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 22: USA 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
CANADA
  • Natural Gas Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • TABLE 23: Canada Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 24: Canada Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 25: Canada 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
JAPAN
  • TABLE 26: Japan Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 27: Japan Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 28: Japan 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
CHINA
  • TABLE 29: China Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 30: China Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 31: China 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
EUROPE
  • Natural Gas Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • TABLE 32: Europe Recent Past, Current & Future Analysis for Natural Gas by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 33: Europe Historic Review for Natural Gas by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 34: Europe 16-Year Perspective for Natural Gas by Geographic Region - Percentage Breakdown of Volume Consumption for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • TABLE 35: Europe Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 36: Europe Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 37: Europe 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
FRANCE
  • TABLE 38: France Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 39: France Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 40: France 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
GERMANY
  • TABLE 41: Germany Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 42: Germany Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 43: Germany 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
ITALY
  • TABLE 44: Italy Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 45: Italy Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 46: Italy 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • TABLE 47: UK Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 48: UK Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 49: UK 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
SPAIN
  • TABLE 50: Spain Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 51: Spain Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 52: Spain 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
RUSSIA
  • TABLE 53: Russia Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 54: Russia Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 55: Russia 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
REST OF EUROPE
  • TABLE 56: Rest of Europe Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 57: Rest of Europe Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 58: Rest of Europe 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Natural Gas Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • TABLE 59: Asia-Pacific Recent Past, Current & Future Analysis for Natural Gas by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2023 through 2030 and % CAGR
  • TABLE 60: Asia-Pacific Historic Review for Natural Gas by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 61: Asia-Pacific 16-Year Perspective for Natural Gas by Geographic Region - Percentage Breakdown of Volume Consumption for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses - Independent Analysis of Annual Consumption in Million Cubic Meters for the Years 2023 through 2030 and % CAGR
  • TABLE 63: Asia-Pacific Historic Review for Natural Gas by End-Use - Industrial, Electric Power, Residential, Commercial and Other End-Uses Markets - Independent Analysis of Annual Consumption in Million Cubic Meters for Years 2014 through 2022 and % CAGR
  • TABLE 64: Asia-Pacific 16-Year Perspective for Natural Gas by End-Use - Percentage Breakdown of Volume Consumption for Industrial, Electric Power, Residential, Commercial and Other End-Uses for the Years 2014, 2024 & 2030
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BP Plc
  • Chesapeake Energy Corp.
  • Chevron Corp.
  • China National Petroleum Corporation
  • Conoco Philips, Co.
  • EQT Corp.
  • Equinor ASA
  • Exxon Mobil Corp.
  • Hess Corp.
  • Saudi Arabian Oil Company (Saudi Aramco)
  • Shell Plc
  • The PJSC Lukoil Oil Company
  • TotalEnergies SE

Table Information