DALLAS, April 27, 2015
/PRNewswire/ --
According to Global Natural Gas Storage Market 2015-2019
research report, growing concern about energy security is a major
factor driving natural gas storage market that is forecast to grow
at 6.02% CAGR during 2014-2019.
Complete research titled Global Natural Gas Storage Market
2015-2019 spread across 84 pages, offering 5 key vendor
analysis details and 37 exhibits is available at
http://www.rnrmarketresearch.com/global-natural-gas-storage-market-2015-2019-market-report.html
.
Many governments worldwide procure and store natural gas to
ensure a stable energy supply in their countries, and to reduce
dependency on other conventional fuels. According to this report on
natural gas storage market, the demand for natural gas is
increasing worldwide because of growing populations, economic
growth in various geographies and rapid industrialization and
urbanization. It draws attention towards liquefied natural gas
(LNG) exports that are increasing to fulfill growing energy demand.
In countries like Japan and
India, domestic gas production is
insufficient to meet rising energy demand. Therefore, such
countries are dependent on LNG from major gas-producing nations to
meet their energy needs. LNG is also used for the storage of
natural gas during the liquefaction and regasification process and
hence, growth in the LNG market is expected to propel the Global
Natural Gas Storage Market during the forecast period.
The purpose of natural gas storage is to meet the fluctuating
energy demand during the peak and off-peak seasons. Generally,
natural gas is stored during the off-peak season and utilized
during the peak season. This reduces the demand and supply gap, and
increases the reliability of supply. This report mainly covers two
segments: the Aboveground Storage segment and the
Underground Storage segment. The report covers a detailed study
based on geographical segmentation and provides the breakdown of
all three geographies: the Americas, the EMEA region, and the APAC
region. The report also presents the vendor landscape and a
corresponding detailed analysis of the key vendors in the Global
Natural Gas Storage market. However, this report does not
provide the market share of the vendors; it only lists the key
players in the market. In addition, the report discusses the major
drivers that influence the growth of the Global Natural Gas Storage
market. It also outlines the challenges faced by vendors and the
market at large, as well as the key trends that are emerging in the
market.
Leading countries discussed in this research include
Canada, China, Germany and the US. Companies like Centrica,
GDF SUEZ, Niska Gas Storage Partners, Samsung Heavy Industries,
Spectra Energy, Chiyoda, E-on, Foster
Wheeler, Technip and Worley
Parsons are also mentioned in this report. Order a copy of
this 2015 research on natural gas storage market at
http://www.rnrmarketresearch.com/contacts/purchase?rname=336431
.
One key trend emerging in this market is the need to enhance the
gas distribution network. Market players are investing a huge
amount to improve the gas distribution network by integrating it
with depleted gas storage reserves. Further, the report states that
one of the major challenges that the market faces is the
capital-intensive nature of the market. High construction costs,
land acquisitions, and government approvals are some of the major
cost-incurring components for the market.
The study was conducted using an objective combination of
primary and secondary information including inputs from key
participants in the industry. The report contains a comprehensive
market and vendor landscape in addition to a SWOT analysis of the
key vendors. The report covers the Americas, and the EMEA and APAC
regions; it also covers the Global Natural Gas Storage market
landscape and its growth prospects over the coming years.
Another report titled Global Compressed Air Energy Storage
Market 2015-2019 forecasts the global compressed air energy
storage market to grow at 25.5% CAGR over the period 2014-2019.
Compressed air energy storage has been the most prevalent form of
energy storage after pumped-hydro technology. Compressed air energy
storage is preferred because of its higher efficiency, greater
reliability, and economic feasibility when compared to other energy
storage technologies. It is recommended for large-scale energy
storage and for meeting the growing energy needs. Companies like
Dresser-Rand Group, General Compression, Hydrostor, LightSail
Energy, SustainX, ADELE, Apex CAES, Bright Energy Storage
Technologies, Gaelectric and Pacific Gas and Electric Company are
discussed in this research.
Explore more reports on the energy storage market at
http://www.rnrmarketresearch.com/reports/energy-power/energy/energy-storage
.
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