City Gas Distribution Market to be dominated by PNG Connections segment through 2028
Increasing PNG Connections and CNG Stations to drive Global
City Gas Distribution Market in the forecast period, 2023-2028.
According to TechSci Research report, “Global City Gas Distribution Market - By Region, Competition, Forecast &
Opportunities, 2028”, Global
City Gas Distribution Market is anticipated to grow at a 3.75% CAGR in the
forecast period, 2024-2028. Due to
rising natural gas demand from the automotive, industrial, commercial, and
residential end user categories, the market is expected to grow. As in India, growing
number of firms are being allowed and granted licences in Rounds 9 and 10 to
operate in the CGD industry in various regions around the nation as a result of
the Government of India's increasingly supportive actions in the CGD sector. India
is rapidly expanding its market for the distribution of city gas. From its 35
geographic regions in the early 2000s, India has access to city gas in more
than 90 geographic areas as of 2019 and is prepared to have access to more than
220 geographic areas by 2029, which is anticipated to include about 70% of
India's whole population.
PNG is used as a fuel by
residential consumers (households), commercial consumers (hotels, offices,
canteens, etc.), and industrial consumers (dryers, boilers, furnaces, etc.) in
the nation. CNG is utilised in the transportation sector as a fuel for automobiles.
Due to rising consumer environmental concerns and an increase in the number of
CNG vehicles, the automotive end use segment currently controls a large portion
of the CGD market globally. Furthermore, the PNG segment is expected to expand
through 2030 as a result of anticipated improvements in the CGD sector and
growing government emphasis on expanding PNG network across the nation.
The government's
initiatives to improve the country's gas pipeline infrastructure and smart city
projects will also drive the city gas distribution market because the new
infrastructure will lead to the construction of CGD networks in homes. The
government's many initiatives to encourage PNG use in the commercial and
industrial sectors are also anticipated to fuel the growth of Global city gas
distribution market.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on "Global City Gas
Distribution Market.”
Global City Gas Distribution Market are segmented into
Type, Source of Supply, End-User. Based on Type, the market is segmented into
Compressed Natural Gas, Piped Natural Gas. Based on Source of Supply, the
market is segmented into Domestically Supplied, International Pipeline Trade.
Based on End-User, the market is segmented into Industrial, Residential,
Commercial, Automotive.
The market is divided into liquefied petroleum gas
(LPG), piped natural gas (PNG), and other forms based on types. The piped
natural gas (PNG) segment dominates the city gas distribution market because it
occupies less space than other types and meets the needs of the majority of
fuel-dependent segments. Another benefit of PNG distribution is its safety
factor because the supply of gas is much lower than that of other types, making
it more dependable to use. During the forecast period, one of the key segments
anticipated to rule India's CGD market is PNG connections. Additionally, the
government has ambitions to increase and cover untapped areas with natural gas
access, which would present a chance for the industry to expand soon.
The market is divided into residential, automobile,
commercial, industrial, and other segments based on the end user. As a result
of the critical role that gases play in numerous automotive processes, from
part manufacturing to assembly and driving experience, the automotive industry
is predicted to dominate the end-user market. Gas usage improves user
experience, comfort, and reduced maintenance, which has a significant impact on
the market for city gas distribution.
Major companies operating in the Global City Gas
Distribution market are:
- Southern
Co.
- Enel
SpA
- Enbridge
Inc.
- Dominion
Energy Inc.
- TC
Energy Corporation
- Kinder
Morgan Inc
- Sempra
Energy
- National
Grid Plc.
- Oneok
Inc.
- Williams
Companies Inc.
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“A
key driver in the Global City Gas Distribution Market is the increasing
emphasis on environmental sustainability and the transition towards cleaner
energy sources. As concerns about climate change and air quality grow,
governments and communities are pushing for reduced carbon emissions and
cleaner energy alternatives. In this context, natural gas, which is
cleaner-burning compared to coal and oil, emerges as a preferred choice for
urban energy needs. City gas distribution networks play a pivotal role in
facilitating the transition to natural gas. They provide a reliable supply of
natural gas to urban areas for heating, cooking, and power generation, which
helps reduce greenhouse gas emissions. Moreover, gas distribution systems
enable the integration of renewable gases like biomethane and hydrogen, further
enhancing the environmental profile of urban energy consumption. Government
policies and incentives also contribute to this driver. Many governments
worldwide offer incentives, tax breaks, and grants to encourage the adoption of
natural gas and the expansion of city gas distribution networks. These
incentives align with broader sustainability goals and promote cleaner energy
options. The global drive towards environmental sustainability and the demand
for cleaner energy sources are powerful drivers in the City Gas Distribution
Market. Gas distribution networks play a crucial role in meeting these
objectives by delivering a cleaner energy source to urban areas, contributing
to reduced carbon emissions and improved air quality.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
City Gas Distribution Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
by Type (Compressed Natural
Gas, Piped Natural Gas), By Source of Supply (Domestically Supplied,
International Pipeline Trade), By End-User (Industrial, Residential,
Commercial, Automotive), By Region, Competition, 2018-2028”, has evaluated the future growth potential of global City
Gas Distribution market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global City
Gas Distribution market.
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