Wednesday, 14 May 2014

Global Natural Gas Storage (Technology) Market - Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2013 – 2019

Natural Gas Storage (Technology) Market
Natural gas storage is the process of storing natural gas through different methods for an indefinite amount of time, until required for consumption. Primarily such storage is required to offset the effects of erratic and sporadic demand for natural gas. Load variations can be addressed with this through re-injection of gas during high demand and withdrawal during low demand periods. In recent times such storages are also being held for speculative purposes as well as to offset the increasing volatility in gas prices.

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Natural gas is emerging as one of the primary forms of energy in the world with its uses ranging from power generation to petrochemicals. The key driver for development of this market was the prerequisite for reliable and efficient gas supply at end user levels thus balancing supply demand curves. Increased consumption in power generation sector and growing demand in industrial and transportation industries promise significant future opportunities for the gas storage industry. Some of the challenges include high capital costs for making such facilities and difficulties in acquiring suitable land to erect such facilities.
Natural gas is primarily stored in underground reservoirs (depleted gas and oil fields reservoir, aquifer reservoir, and underground salt caverns). It may also be stored above ground through adsorbed natural gas (ANG), compressed natural gas (CNG), liquefied natural gas (LNG), line packing and in gas holders.

The highest number of such storage facilities is currently in the North American region (The U.S. having the highest share) followed by the European region. Some of the key players in the industry include RWE Gasspeicher GmbH, EnergtekInc, Niska Gas Storage, Electrobras, AES Corp., and Huaneng Power International among others
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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