Customers who switch to natural gas for vehicles benefit the natural gas distribution market

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Natural Gas Distribution Market 2021 – Opportunities and Strategies – Global Forecast to 2030

The Business Research Company Natural Gas Distribution Market 2021 – Opportunities and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, UK, November 23, 2021 /EINPresswire.com/ – The growing demand for natural gas-fired motor vehicles is expected to increase the revenues of the natural gas distribution market over the next few years. The increased production of passenger and utility vehicles is generating a huge demand for natural gas vehicles as the transportation sector around the world embraces natural gas for vehicles. Conventional fuels, such as diesel and gasoline, pollute and emit greenhouse gases on a large scale. For example, CNG costs about 50% less than gasoline and emits up to 90% less emissions than gasoline. The increased demand for natural gas vehicles will stimulate the natural gas distribution market.

The global natural gas distribution market size reached a value of nearly $ 466.18 billion in 2020, with a compound annual growth rate (CAGR) down -1.1% since 2015. The market is expected to grow at a CAGR of 10.2% in 2020 to reach $ 758.91 billion in 2025. The global natural gas distribution market is expected to reach $ 1,057.56 billion in 2030, at a CAGR of 6, 9%.

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Asia-Pacific was the largest region in the global natural gas distribution market, accounting for 28.7% of the total in 2020. It was followed by Eastern Europe, North America, and then other regions. Going forward, the fastest growing regions in the natural gas distribution market will be Africa and Eastern Europe, where growth will be 13.7% and 13.6% respectively. . These will be followed by South America and the Middle East, where the markets are expected to grow at CAGRs of 13.1% and 10.1% respectively, during 2020-2025.

Natural gas distribution companies use advanced metering infrastructure (AMI) technology to better monitor and maintain assets and infrastructure. AMI is an integrated system of smart meters, communication systems and data management systems. AMI improves meter reading, reduces additional costs and reduces the need for estimated billing. It also provides real-time information and analysis over the entire distribution network to detect corrosion and leaks. As part of its AMI rollout program, British Gas has installed smart gas meters in the UK and plans to install them in every home and small business by 2020. This target date has since been extended to as of end of June 2025. For example, some of the major US companies using AMI technology are SoCalGas, PG&E, SDG & E, Con Edison and Baltimore Gas & Electric.

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The main players in the global natural gas distribution sector are PJSC Gazprom, Uniper SE, Naturgy Energy Group SA, Centrica plc, Engie SA

The global TBRC natural gas distribution market report is segmented by type into industrial and commercial natural gas distribution, domestic natural gas distribution, by operator type to public operator, private operator.

The natural gas distribution market is also segmented by type of operator into private operator and public operator. The private operator market was the largest segment of the natural gas distribution market segmented by operator type, accounting for 72.6% of the total in 2020 and is expected to be the fastest growing segment, with a CAGR of 10.5% in 2020-2025.

Natural Gas Distribution Market 2021 – By Type (Industrial and Commercial Natural Gas Distribution, Domestic Natural Gas Distribution), By Operator Type (Public Operator, Private Operator) and By Region, Opportunities and Strategies – Global Forecast through 2030 are part of a series of new reports from The Business Research Company that provide an overview of the global natural gas distribution market, a forecast of the size and growth of the global natural gas distribution market for the entire market, global natural gas distribution market segments and geographies, global natural gas distribution market trends, natural gas drivers of the global distribution market, constraints, revenues, profiles and market shares of natural gas distribution of the main competitors.

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