Global Underground Gas Storage Market 2023-2027

Description

List of Tables

The underground gas storage market is forecasted to grow by USD 9797.35 mn during 2022-2027, accelerating at a CAGR of 5.36% during the forecast period. The report on the underground gas storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing energy demand, ensuring energy security, and modernization of infrastructure.

Technavio's underground gas storage market is segmented as below:

By Type

Depleted fields
Salt caverns
Aquifer Reservoir

By Product

Natural gas
Hydrogen
Others

By Geography

Europe
North America
APAC
Middle East and Africa
South America

This study identifies the advancements in drilling techniques, seismic imaging, and reservoir management technologies as one of the prime reasons driving the underground gas storage market growth during the next few years. Also, development of gas trading hubs and integration of renewable energy with underground gas storage will lead to sizable demand in the market.

The report on the underground gas storage market covers the following areas:

Underground gas storage market sizing
Underground gas storage market forecast
Underground gas storage market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading underground gas storage market vendors that include Cardinal Gas Storage, Centrica Plc, China National Petroleum Corp., Chiyoda Corp., Costain Group Plc, EARTHWORKS, Enbridge Inc., ENGIE SA, HOT Engineering GmbH, Japan Petroleum Exploration Co. Ltd., KAPPA Engineering, Koninklijke Vopak NV, Mitsubishi Heavy Industries Ltd., NAFTA as, RPS Group Plc, Samsung Heavy Industries Co. Ltd., SGS SA, SNC Lavalin Group Inc., TC Energy, and Uniper SE. Also, the underground gas storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71858

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global underground gas storage market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global underground gas storage market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Depleted fields - Market size and forecast 2022-2027
Exhibit 34: Chart on Depleted fields - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Depleted fields - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Depleted fields - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Depleted fields - Year-over-year growth 2022-2027 (%)
6.4 Salt caverns - Market size and forecast 2022-2027
Exhibit 38: Chart on Salt caverns - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Salt caverns - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Salt caverns - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Salt caverns - Year-over-year growth 2022-2027 (%)
6.5 Aquifer Reservoir - Market size and forecast 2022-2027
Exhibit 42: Chart on Aquifer Reservoir - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Aquifer Reservoir - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Aquifer Reservoir - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Aquifer Reservoir - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Type
Exhibit 46: Market opportunity by Type ($ million)
Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 48: Chart on Product - Market share 2022-2027 (%)
Exhibit 49: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 50: Chart on Comparison by Product
Exhibit 51: Data Table on Comparison by Product
7.3 Natural gas - Market size and forecast 2022-2027
Exhibit 52: Chart on Natural gas - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Natural gas - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Natural gas - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Natural gas - Year-over-year growth 2022-2027 (%)
7.4 Hydrogen - Market size and forecast 2022-2027
Exhibit 56: Chart on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Hydrogen - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Hydrogen - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Hydrogen - Year-over-year growth 2022-2027 (%)
7.5 Others - Market size and forecast 2022-2027
Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Product
Exhibit 64: Market opportunity by Product ($ million)
Exhibit 65: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share by geography 2022-2027 (%)
Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Russia - Market size and forecast 2022-2027
Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 Canada - Market size and forecast 2022-2027
Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.12 Ukraine - Market size and forecast 2022-2027
Exhibit 107: Chart on Ukraine - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on Ukraine - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on Ukraine - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Ukraine - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 111: Market opportunity by geography ($ million)
Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Cardinal Gas Storage
Exhibit 119: Cardinal Gas Storage - Overview
Exhibit 120: Cardinal Gas Storage - Product / Service
Exhibit 121: Cardinal Gas Storage - Key offerings
12.4 Centrica Plc
Exhibit 122: Centrica Plc - Overview
Exhibit 123: Centrica Plc - Business segments
Exhibit 124: Centrica Plc - Key news
Exhibit 125: Centrica Plc - Key offerings
Exhibit 126: Centrica Plc - Segment focus
12.5 Chiyoda Corp.
Exhibit 127: Chiyoda Corp. - Overview
Exhibit 128: Chiyoda Corp. - Business segments
Exhibit 129: Chiyoda Corp. - Key offerings
Exhibit 130: Chiyoda Corp. - Segment focus
12.6 EARTHWORKS
Exhibit 131: EARTHWORKS - Overview
Exhibit 132: EARTHWORKS - Product / Service
Exhibit 133: EARTHWORKS - Key offerings
12.7 Enbridge Inc.
Exhibit 134: Enbridge Inc. - Overview
Exhibit 135: Enbridge Inc. - Business segments
Exhibit 136: Enbridge Inc. - Key offerings
Exhibit 137: Enbridge Inc. - Segment focus
12.8 ENGIE SA
Exhibit 138: ENGIE SA - Overview
Exhibit 139: ENGIE SA - Business segments
Exhibit 140: ENGIE SA - Key offerings
Exhibit 141: ENGIE SA - Segment focus
12.9 Japan Petroleum Exploration Co. Ltd.
Exhibit 142: Japan Petroleum Exploration Co. Ltd. - Overview
Exhibit 143: Japan Petroleum Exploration Co. Ltd. - Business segments
Exhibit 144: Japan Petroleum Exploration Co. Ltd. - Key offerings
Exhibit 145: Japan Petroleum Exploration Co. Ltd. - Segment focus
12.10 KAPPA Engineering
Exhibit 146: KAPPA Engineering - Overview
Exhibit 147: KAPPA Engineering - Product / Service
Exhibit 148: KAPPA Engineering - Key offerings
12.11 Mitsubishi Heavy Industries Ltd.
Exhibit 149: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 150: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 152: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 153: Mitsubishi Heavy Industries Ltd. - Segment focus
12.12 NAFTA as
Exhibit 154: NAFTA as - Overview
Exhibit 155: NAFTA as - Product / Service
Exhibit 156: NAFTA as - Key offerings
12.13 RPS Group Plc
Exhibit 157: RPS Group Plc - Overview
Exhibit 158: RPS Group Plc - Product / Service
Exhibit 159: RPS Group Plc - Key offerings
12.14 Samsung Heavy Industries Co. Ltd.
Exhibit 160: Samsung Heavy Industries Co. Ltd. - Overview
Exhibit 161: Samsung Heavy Industries Co. Ltd. - Product / Service
Exhibit 162: Samsung Heavy Industries Co. Ltd. - Key offerings
12.15 SGS SA
Exhibit 163: SGS SA - Overview
Exhibit 164: SGS SA - Business segments
Exhibit 165: SGS SA - Key offerings
Exhibit 166: SGS SA - Segment focus
12.16 SNC Lavalin Group Inc.
Exhibit 167: SNC Lavalin Group Inc. - Overview
Exhibit 168: SNC Lavalin Group Inc. - Business segments
Exhibit 169: SNC Lavalin Group Inc. - Key offerings
Exhibit 170: SNC Lavalin Group Inc. - Segment focus
12.17 TC Energy
Exhibit 171: TC Energy - Overview
Exhibit 172: TC Energy - Product / Service
Exhibit 173: TC Energy - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 174: Inclusions checklist
Exhibit 175: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 176: Currency conversion rates for US$
13.4 Research methodology
Exhibit 177: Research methodology
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources
13.5 List of abbreviations
Exhibit 180: List of abbreviations