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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