The Household Natural Gas Distribution Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Household Natural Gas Distribution Global Market Report 2024, The household natural gas distribution market size has grown strongly in recent years. It will grow from $178.27 billion in 2023 to $189.45 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to urbanization trends, population growth, energy efficiency concerns, government policies and incentives, consumer preferences.
The household natural gas distribution market size is expected to see strong growth in the next few years. It will grow to $240.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to renewable natural gas integration, smart metering and IoT integration, decentralized energy systems, energy transition initiatives, hydrogen blending. Major trends in the forecast period include advancements in gas storage technologies, technological advancements, transition to renewable natural gas (RNG), demand response programs, infrastructure modernization.
The rising demand for natural gas is expected to propel the growth of the household natural gas distribution market going forward. Natural gas refers to a naturally occurring mixture of gaseous hydrocarbons, mainly methane but also including a number of other higher alkanes in smaller amounts. In household application, natural gas is used to heat a home and supply the energy source for cooking, clothes drying, and water heating using it with the appropriate appliances. The rise in applications of for natural gas for household purposes will increase the demand for behold natural gas distribution services, and will propel the growth of market. For instance, in November 2022, according to a report shared by the US Energy Information Administration., a US-based government agency, natural gas consumption in the US grew by 3.6% in 2021 compared with 2020. And US natural gas exports established a new record in 2021 with the averaging of 10.5 billion cubic feet per day. Further, in 2021, the US used about 30.66 trillion cubic feet (TCF) of natural gas. These numbers are expected to rise in the future. Therefore, the rising demand for natural gas is driving the growth of the household natural gas distribution market.
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The household natural gas distribution market covered in this report is segmented –
1) By Type: Pipelines, LNG Vessels
2) By Type of Operator: Public Operator, Private Operator
3) By Source: Conventional Gas, Unconventional Gas
Major companies operating in the household natural gas distribution market are adopting a strategic collaboration approach to distribute renewable natural gas. Strategic collaboration refers to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Vanguard Renewables, a US-based company that produces renewable natural gas, announced a collaboration with AstraZeneca Plc, a UK-based biotechnological and pharmaceutical company, for the supply of renewable natural gas (RNG) to all of its US locations. AstraZeneca will begin procuring Vanguard Renewables RNG for its Newark Campus in Delaware, where the company processes 26 pharmaceuticals for delivery across the United States and manufactures drug formulations for worldwide supply. Vanguard Renewables' Farm Powered method will be used in this arrangement, allowing Vanguard Renewables to collaborate with dairy farmers, food and beverage producers, retailers, and distributors to create RNG utilizing farm-based anaerobic breakdown (AD) from food and dairy cow waste. Once the RNG has been created and collected via AD, it will be fed into existing natural gas pipelines for use in AstraZeneca's pharmaceutical research and production activities.
The household natural gas distribution market report table of contents includes:
- Executive Summary
- Household Natural Gas Distribution Market Characteristics
- Household Natural Gas Distribution Market Trends And Strategies
- Household Natural Gas Distribution Market - Macro Economic Scenario
- Global Household Natural Gas Distribution Market Size and Growth
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- Global Household Natural Gas Distribution Market Competitive Benchmarking
- Global Household Natural Gas Distribution Market Competitive Dashboard
- Key Mergers And Acquisitions In Household Natural Gas Distribution Market
- Household Natural Gas Distribution Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Saudi Arabian Oil Group
- China Petroleum & Chemical Corporation
- PetroChina Company Limited, ExxonMobil Corporation
- China National Petroleum Corporation
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Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Natural Gas Distribution Global Market Report 2020-30 by The Business Research Company describes and explains the global natural gas distribution market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Natural Gas Distribution Global Market Report 2021 covers natural gas distribution market drivers, natural gas distribution market trends, natural gas distribution market segments, natural gas distribution market growth rate, natural gas distribution market major players, and natural gas distribution market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/natural-gas-distribution-global-market-report-2020-30-covid-19-impact-and-recoveryThe natural gas distribution market report provides an in-depth analysis of the impact of COVID-19 on the global natural gas distribution industry, along with revised market numbers due to the effects of the coronavirus and the expected natural gas distribution market growth numbers 2021-2030.Natural Gas Distribution Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global natural gas distribution market is expected to grow from $466.18 billion in 2020 to $553.09 billion in 2021 at a compound annual growth rate (CAGR) of 18.6%.
The market is expected to reach $758.91 billion in 2025 at a CAGR of 8%.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=1939=smpThe report covers the natural gas distribution market’s segments- 1) By Type: Industrial And Commercial Natural Gas Distribution, Household Natural Gas Distribution2) By Type of Operator: Public Operator, Private OperatorAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The Business Research Company published its Natural Gas Distribution Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global natural gas distribution market.
The report covers the natural gas distribution market’s segments- by type into industrial and commercial natural gas distribution, household natural gas distribution, by type of operator into public operator, private operator.View Complete Report: https://www.thebusinessresearchcompany.com/report/natural-gas-distribution-global-market-report-2020-30-covid-19-impact-and-recoveryNatural Gas Distribution Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Natural gas distribution companies are using acoustic leak detection technology to monitor gas pipelines.
H-Energy is executing a 635 km Jaigarh-Mangalore natural gas pipeline project on the West coast of India for which it has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB).
H-Energy Distribution Of Natural Gas In India, provides innovative, cost-effective, and sustainable energy solutions.
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