|By PR Newswire||
|August 25, 2014 05:18 PM EDT||
DALLAS, Aug. 25, 2014 /PRNewswire-iReach/ -- Natural gas storage plays a significant role in managing reliability of supply needed to meet consumer demands. Storage of natural gas can be done by two types, namely underground gas storage that include mainly depleted reservoirs, aquifers, and salt caverns; and above-ground storage that is another type of gas storage facility wherein, natural gas is converted to a liquefied form, also known as liquefied natural gas (LNG).
This report estimates the natural gas storage market in terms of volume and value. The market volume between 2014 and 2019 is estimated on the basis of announced capacity expansion plans, segmented by regions. The value market is arrived, taking into consideration the expected and announced capital investment for planned projects and capacity expansions. Complete report is available at http://www.rnrmarketresearch.com/natural-gas-storage-market-by-type-underground-above-ground-and-floating-and-by-geography-global-trends-forecasts-till-2019-market-report.html .
Global demand for natural gas is expected to increase significantly, as more nations adopt environmentally cleaner fuels to meet future economic growth and prioritize alternatives to minimize the impact of increasing oil-based energy costs. There are some leading players in the natural gas storage market that include underground storage facilities and above ground (LNG) storage facilities.
We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global natural gas storage market. The primary sources – experts, manufacturers and service providers from the industry – have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the natural gas storage market.
We have also profiled leading players of this industry, along with their recent developments and other strategic industry activities. Some of the key companies profiled include Worley Parsons, Technip, Samsung Heavy Industries, Foster Wheeler, GDF Suez, Centrica, Chiyoda Corporation, Niska Gas Storage, E-On and Spectra Energy. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=206105 .
The report covers major regions, such as North America, South America, the Middle East, Europe, Africa, and Asia-Pacific.
According to the EIA report, the global natural gas demand has increased sharply over the last decade and is expected to remain robust in the coming years. It grows by the 64% from 113 trillion cubic feet in 2010 to 185 trillion cubic feet in 2040, primarily due to its growing use in electricity generation, industrial operations and transportation. This is partly driven by the fact that it has much lower carbon intensity compared to coal, for which it is favored by governments planning to reduce greenhouse gas emissions in several countries. The EIA estimates industrial and utilities sectors to account for 77% of the projected increase in global natural gas consumption. The demand for natural gas escalates drilling activities, which sequentially lead to higher demand for storage facilities. Rising safety regulations and attention towards higher production efficiency plays a key role in the growth of natural gas storage systems.
The report also touches upon various important aspects of the market. These include analysis of value chain, Porter's Five Forces model, competitive landscape, market dynamics, market estimates in terms of value as well as volume, and future trends in the natural gas storage market. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=206105 .
Browse Related Report:
"Advanced Energy Storage Systems Market by Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Supercapacitors), By Applications (Grid Storage & Transportation), & Geography – Global Trends & Forecast to 2018" research report is now available with RnRMarketResearch.com. Companies like A123 Systems Llc, Active Power Inc, Altair Nanotechnologies Inc, BYD Company Ltd, China Bak Battery Inc, Electrovaya Inc, Energizer Holdings Inc, Enersys, Exide Technologies, GS Yuasa Corporation, Hitachi, LG Chem Ltd, Maxwell Technologies Inc, Nippon Chemi-Con Corporation, SAFT, Samsung SDI Co. Ltd, Sony, The Furukawa Battery Co. Ltd, Toshiba Corporation and Valence Technology are discussed in this research available at http://www.rnrmarketresearch.com/advanced-energy-storage-systems-market-by-technology-pumped-hydro-compressed-air-batteries-flywheels-supercapacitors-by-applications-grid-storage-transportation-geography-global-trends-market-report.html .
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Explore more reports on energy storage market at http://www.rnrmarketresearch.com/reports/energy-power/energy/energy-storage .
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