LONDON--(BUSINESS WIRE)--The global gas utilities market 2019-2023 is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Growing awareness about climate change has led to increased concerns over the amount of carbon emissions resulting from various economic activities. The rising carbon emissions have resulted in the global need for decarbonization of the transportation, industrial, and power generation sectors. This is paving the way for the adoption of clean sources of energy and the use of alternatives, such as natural gas over fossil fuels. Thus, rising carbon emissions will drive the demand for natural gas, thereby fueling market growth.
Looking for more information on this market? Request a free sample report
As per Technavio, the growth in natural gas production from unconventional sources will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Gas Utilities Market: Growth in Natural Gas Production from Unconventional Sources
Oil and gas companies are increasingly focusing on producing natural gas from unconventional sources such as shale formations, and coal seams. Hence, the rapid growth in unconventional gas reserves is likely to boost natural gas production, which in turn will boost the growth of the global gas utilities market.
“Apart from the growth in natural gas production from unconventional sources, other factors such as technological advances in gas distribution, and the development of gas supply and distribution infrastructure will boost the gas utilities market growth during the forecast period,” says a senior analyst at Technavio.
Global Gas Utilities Market: Segmentation Analysis
This market research report segments the global gas utilities market by end-user (power generation, residential and commercial, industrial, and others) and geographical regions (EMEA, the Americas, and APAC).
The EMEA region led the market in 2018, followed by the Americas and APAC, respectively. The dominance of EMEA can be attributed to factors such as the rising demand for clean energy sources, and substantial production of natural gas in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.