A 488 Million TOE Global Opportunity For Natural Gas Storage By 2026 - New Research From StrategyR

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 584
Companies: 14 – Players covered include Cardinal Gas Storage Partners LLC; Centrica Storage Limited; Chiyoda Corporation; Enbridge, Inc.; ENGIE SA; John Wood Group PLC; Mitsubishi Heavy Industries Ltd.; NAFTA a.s. (Slovakia); Rockpoint Gas Storage; SNC-Lavalin Group, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Underground, Above Ground)
Geographies: World; USA; Canada; Japan; China; Europe (France; Germany; Italy; UK; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Natural Gas Storage Market to Reach 488 Million TOE by 2026
Amid the COVID-19 crisis, the global market for Natural Gas Storage estimated at 411.8 Million TOE in the year 2020, is projected to reach a revised size of 488 Million TOE by 2026, growing at a CAGR of 2.8% over the analysis period. Underground, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach 303 Million TOE by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Above Ground segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 125.4 Million TOE in 2021, While China is Forecast to Reach 87.3 Million TOE by 2026
The Natural Gas Storage market in the U.S. is estimated at 125.4 Million TOE in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 87.3 Million TOE by the year 2026 trailing a CAGR of 2.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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