Natural Gas Storage facilities provide energy security and insurance against unforeseen accidents, natural disasters, and other events that may affect the production or delivery of Natural Gas. Natural gas is usually a seasonal fuel. Demand for natural gas is highest during winters since it is used for heating and electricity generation. Stored natural gas plays a vital role in ensuring that any excess supply during summers is available to meet the increased demand during winters. Thus, natural gas storage facilitates balancing of seasonal peak load demands and ensures sustained supply of natural gas throughout the year.

Get free research PDF for more Professional and Technical insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2261

Transparency Market Research has released a new market report titled Natural Gas Storage Market – Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2015 – 2023. The report defines and segments the natural gas storage market, providing analysis and forecasts of the global storage volume. According to the report, the global natural gas storage market stood at 392,831.22 mcm in 2014 and is likely to reach 548,798.39 mcm by 2023, expanding at a CAGR of 3.7% between 2015 and 2023.

The global natural gas storage market is segmented on the basis of storage type and geography. Europe and North America are the major markets for natural gas storage. These are mature markets and constitute for more than 90% of global natural gas storage. The U.S., Germany, Italy, France, Russia, Ukraine, and Canada are the major players in these regions. Asia Pacific is an emerging market for natural gas storage. China has started constructing several natural gas storage facilities to cater to its high demand for natural gas. Other countries such as Australia, Japan, South Korea, Malaysia, and India have also started constructing numerous natural gas storage facilities. Thus, rise in the construction of natural gas storage facilities is expected to boost the global natural gas storage market during the forecast period.

Overall, increasing natural gas demand, growing energy security concerns, and favorable government regulations and incentives have augmented the global natural gas storage market. However, higher construction and capital costs have hampered the natural gas storage market.

Some of the major players in the global natural gas storage market include Spectra Energy Corporation, Gazprom, Niska Gas Storage Partners LLC, Chiyoda Corporation, Centrica Storage Ltd., NAFTA A.S., TransCanada Corporation, Enbridge Gas Distribution Inc., Cardinal Gas Storage Partners LLC, and Engie S.A.

Research Report: http://www.transparencymarketresearch.com/natural-gas-storage-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

[email protected]

http://www.transparencymarketresearch.com/