City Gas Distribution Demand to Cross 18 BCM in India by 2030

Rising demand for natural gas in domestic, commercial, industrial and automotive sectors coupled with growing environmental concerns and increasing LNG imports are expected to fuel India city gas distribution market through 2030

According to recently published TechSci Research report “India City Gas Distribution Market By Type, By CGD Allocation, Competition Forecast & Opportunities, 2013 – 2030”, natural gas consumption in India city gas distribution (CGD) market is projected to reach 18.28 BCM, in value terms, by 2030. Easy availability as well as accessibility of natural gas coupled with increasing number of domestic, commercial and industrial connections is expected to drive the country’s CGD network during the forecast period. Moreover, increasing number of clean-energy vehicles and growing population is anticipated to positively influence India CGD market during the forecast period.

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CGD involves distribution of natural gas in the form of Piped Natural Gas (PNG), which is used as a fuel by domestic consumers (households), commercial consumers (restaurants, offices, malls, etc.) and industrial consumers (power generation, steam generators, refinery, etc.), and Compressed Natural Gas (CNG), which is majorly used in the transportation segment. In 2016, CGD market in India was majorly dominated by PNG on account of ease of availability and accessibility. PNG segment is forecast to grow at a CAGR of around 4.5% during 2017 –  2030 due to anticipated advancements in CGD sector and growing government focus to expand PNG network throughout the country.  

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“Since natural gas is an environment friendly and economical fuel, Indian government has been promoting its use across the country. As of 2017, India has held seven rounds of bidding and allocated 100 geographical areas, out of which 47 geographical areas have already been authorized for setting up CGD network in the country. Backed by availability of huge natural gas reserves, favorable government initiatives coupled with booming CNG and PNG sectors, India CGD network is anticipated to grow at a robust pace during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India City Gas Distribution Market By Type, By CGD Allocation, Competition Forecast & Opportunities, 2013 – 2030” has evaluated India city gas distribution market and has provided the statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in India city gas distribution market.

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