Jan 22, 2020 (The Expresswire) -- Natural Gas Industry 2020 Global Market Research report 2020 covers a detailed study of the Natural Gas Market size, growth, and share, trends, consumption, segments, application and Forecast 2024.
"Natural Gas" Market 2020 Report provides Growth history, Sales channel, Manufacturers profiled in Natural Gas industry, Market share of product and scope of a region in detail. The Market report also consists of key drivers and limiting factors affect the Natural Gas Market Growth, Change in industry Trends or challenges faced by Natural Gas manufacturers in forecast years. Natural Gas Market report will help you take well-versed decisions, understand opportunities, plan effective business strategies, plan new projects, analyze drivers and give you a vision on the industry forecast for Oil, Gas and Consumable Fuels,Oil and Gas Exploration and Production sector. Industry researcher project Natural Gas market was valued at USD XX.XX Billion and CAGR of 4.41% during the period 2020-2024.
Global 2020 Natural Gas Market competition by top manufacturers/players, with Natural Gas size, sales volume, Price (USD/Unit), Revenue (Million USD), Players/Suppliers Profiles and Sales Data, Company Basic Information, Manufacturing Base and Competitors and Market share for each manufacturer/player; the Top Manufacturers/players including:-
BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Suncor Energy Inc., and TOTAL SA.
Get a Sample PDF of report - https://www.360marketupdates.com/enquiry/request-sample/14847975
“The latest trend gaining momentum in the market is the commoditization of LNG.”
According to the report, one of the major drivers for this market is the rising investments in upstream projects.
Further, the report states that one of the major factors hindering the growth of this market is the volatility in oil and gas prices.
Global Natural Gas Market: About this market
Natural gas market analysis considers sales from conventional and unconventional resource types. Our study also finds the sales of natural gas in APAC, Europe, MEA, North America, and South America. In 2019, the conventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for natural gas and increasing investments in the upstream sector will play a significant role in the conventional segment to maintain its market position. Also, our global natural gas market report looks at factors such as rising investments in upstream projects, increasing focus on unconventional exploration and production activities, and growing demand for natural gas. However, volatility in oil and gas prices, environmental concerns related to drilling, and change in energy mix may hamper the growth of the natural gas industry over the forecast period.
Global Natural Gas Market: Overview
Rising investments in upstream projects
The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources using technological advances in the oil and gas industry. Moreover, the production of oil and natural gas is declining from several conventional oilfields. To address this issue and maximize the revenue from such oilfields, oil and gas operators are increasing investments in mature oil and gas fields. Such increasing investments in the upstream oil and gas sector across the world will lead to the expansion of the global natural gas market at a CAGR of about 5% during the forecast period.
Commoditization of LNG
An increase in the demand for LNG and a rise in its supply is essential for the growth of this commodity market. The growing diversity in the LNG contract terms among the producers and buyers is leading to an increase in the number of floating liquefaction and regasification plants, as well as to the rising liquidity of tradable LNG, thereby commoditizing LNG. Hence, the global LNG market is eventually transitioning toward a more transparent, efficient, and liquid market. The economic viability of the LNG form of natural gas makes it highly preferred for transporting over long distances. The reduced prices of LNG have increased its use, driving the shift from coal to natural gas. Hence, the commoditization of LNG has increased LNG trading activities and benefitted vendors. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global natural gas market during the forecast period 2020-2024, click here.
With the presence of several major players, the global natural gas market is fragmented. 360 Market Update’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading natural gas manufacturers, that include BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Suncor Energy Inc., and TOTAL SA.
Also, the natural gas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Feel Free to Ask Question Before Purchasing the Report at - https://www.360marketupdates.com/enquiry/pre-order-enquiry/14847975
Key Summary of Natural Gas Market Growth Report:
Based on the product, this report displays the sales market analysis of Natural Gas followed by Sales Price and Sales Revenue with reference to regions including North America, Europe, China, Japan, Rest APAC, Latin America. Further, the report gives an in-depth analysis of major manufactures by analyzing Production and Sales Market Comparison. The report provides an in-depth overview of Product Specification, Technology, Product type and Production analysis considering major factors such as Revenue, Cost, Gross, and Gross Margin.
Key Questions Answered in 2020 Natural Gas Market Report:
What will be the Natural Gas Market growth rate of the Natural Gas in 2024?
What are the key factors driving the 2020 Global Natural Gas Market?
What are Sales, Revenue, and Price analysis of top manufacturers of Natural Gas?
Who are the distributors, traders, and dealers of the Natural Gas Market?
Who are the key vendors in Natural Gas space?
What are the Natural Gas Market Trends, opportunities and threats faced by the vendors in the Global Natural Gas Growth?
What are the Market opportunities, Market risk and Market overview of the Natural Gas Market?
Purchase this report (Price2500 USD for a single-user license)@ https://www.360marketupdates.com/purchase/14847975
In the end, the Natural Gas Market report makes some important proposals for a new project of the Natural Gas Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of Global Natural Gas Industry covering all important parameters.