Natural Gas Storage Market

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Opportunity Analysis and Industry Forecast,
2016-20231
Natural Gas Storage Market by Type Global
Opportunity Analysis and Industry Forecast, 2021-
2031
Pages 158 Tables128 Charts 61
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• Top Impacting Factors
• The natural gas storage market was valued at
  300.8 billion in 2021, and is estimated to reach
  629.0 billion by 2031, growing at a CAGR of 7.4
  from 2022 to 2031.
• Natural gas is a mixture of methane, higher
  alkanes, and other hydrocarbons. It is extracted
  through natural reserves of oil, gas, and coal.
• The presence of natural gas is abundant in
  nature, however, it is a non-renewable source of
  energy.
• The natural gas storage market is witnessing
  exponential growth. With countries building and
  expanding storage capacities, the market is
  experiencing surged demand.

Global Natural Gas Storage Market Outlook (2021
2031)
Pages 158 Tables128 Charts 61
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• Natural gas is stored in aquifers, depleted
  mines, salt caverns, and others. The most used
  underground storage type is depleted mines
• An aquifer is suitable for gas storage if the
  water-bearing sedimentary rock formation is
  overlaid with an impermeable cap rock.
• Most natural gas is stored in underground
  storage, as it is safe and reliable. The
  deliverability rate of UGS is far better than
  above ground and other storage types.
• Natural gas offers that solution and thus,
  directly impacts the natural gas storage market
  growth.

Global Natural Gas Storage Market Outlook (2021
2031)
Pages 158 Tables128 Charts 61
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• Key Findings of The Natural Gas Storage Market
• The natural gas storage market size is provided
  in terms of revenue.
• Underground storage is projected to grow at the
  highest CAGR of approximately 7.5, in terms of
  revenue, during the forecast period
• The North America region dominated the natural
  gas storage market share by over 32.0 in 2021.
• Asia-Pacific is expected to provide natural gas
  storage market opportunities during the forecast
  period.

Global Natural Gas Storage Market Outlook (2021
2031)
Pages 158 Tables128 Charts 61
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• The key players profiled in the report include
• Exxon Mobil Corporation
• Chevron Corporation
• Total Energies SE
• Gazprom PJSC
• BP p.l.c.
• PJSC
• Rosneft Oil Company
• Lukoil
• Shell Plc.
• Saudi Arabian Oil Co.
• China National Petroleum Corporation

Global Natural Gas Storage Market Outlook (2021
2031)
Pages 158 Tables128 Charts 61
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Global Natural Gas Storage Market Outlook (2021
2031)
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