PUBLISHER: The Business Research Company | PRODUCT CODE: 1929076
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929076
Natural gas is a naturally occurring mixture of gaseous hydrocarbons primarily composed of methane, along with varying amounts of other higher alkanes. It is utilized as a fuel in combined heat and power systems, as well as for heating and electricity generation.
The main types of natural gas are categorized as transportation, industrial, electric power, and other gases. Natural gas transportation involves the various methods by which natural gas is transported from one location to another. The primary sources of natural gas include associated, non-associated, and unconventional sources. End-users of natural gas span various applications, including light-duty vehicles, medium- or heavy-duty buses, and medium- or heavy-duty trucks.
Tariffs have influenced the natural gas market by affecting cross border gas trade and increasing costs for liquefaction and transportation infrastructure. These impacts are most visible in LNG and industrial supply segments, especially in asia pacific and europe. Import duties have affected long term gas contracts and pricing stability. Infrastructure investments have faced cost escalation due to equipment tariffs. On the positive side, tariffs are encouraging domestic gas production and regional infrastructure development.
The natural gas market research report is one of a series of new reports from The Business Research Company that provides natural gas market statistics, including natural gas industry global market size, regional shares, competitors with a natural gas market share, detailed natural gas market segments, market trends and opportunities, and any further data you may need to thrive in the natural gas industry. This natural gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The natural gas market size has grown strongly in recent years. It will grow from $1478.66 billion in 2025 to $1591.93 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growth in electricity demand, expansion of pipeline networks, industrial fuel switching, residential heating needs, development of gas fired power plants.
The natural gas market size is expected to see strong growth in the next few years. It will grow to $2108.1 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to clean energy transition policies, growth in LNG trade, expansion of gas fueled transport, energy security initiatives, rising demand from emerging economies. Major trends in the forecast period include rising use in power generation, expansion of LNG and CNG infrastructure, growing adoption in industrial heating, increased role in energy transition, growth of gas based transportation fuels.
The anticipated growth of the natural gas market is further fueled by the escalating global energy demand. Natural gas, known for its clean-burning properties, minimal carbon emissions, and efficiency, is a versatile energy source widely used across various applications. For instance, in September 2023, the International Energy Agency reported a 1.3% increase in total net power generation compared to September 2022, reaching 879.0 TWh. This surge in global energy demand is a significant factor driving the natural gas market.
Key companies in the compressed natural gas (CNG) market are focusing on innovations such as pressure-harnessing systems for decentralized and energy-efficient gas compression. These systems utilize naturally occurring high gas pressures from deep shale formations, eliminating the need for conventional mechanical compressors and offering lower capital and operating costs, faster trailer fill times, and reduced environmental impact. For example, in April 2024, NuBlu Energy Inc., a U.S.-based energy technology company, partnered with CNX Resources Corporation to deploy the ZeroHP CNG(TM) system. This technology produces CNG using high geobaric pressures, enabling rapid filling of virtual pipeline trailers, reducing emissions, and providing decentralized CNG production at sites without pipeline access.
In October 2025, Tata Motors Passenger Vehicles Limited, an India-based commercial vehicle manufacturer, formed a strategic partnership with THINK Gas to advance India's liquefied natural gas (LNG) trucking ecosystem. Through this collaboration, the companies aim to accelerate the development of LNG refueling infrastructure along key freight corridors and promote the adoption of LNG-powered heavy-duty trucks, supporting cleaner, more efficient freight transport and decarbonization of India's logistics sector. THINK Gas Distribution Private Limited, an India-based city gas distribution company, specializes in developing and operating LNG/CNG fuel infrastructure while ensuring high fuel quality and reliable supply for commercial vehicle fleets.
Major companies operating in the natural gas market are Sinopec Group, China National Petroleum Company, Exxon Mobil Corporation, PetroChina Co. Ltd., Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, Equinor ASA, Gazprom, Eni S.p.A., LUKOIL Lubricants company, Petroleo Brasileiro S.A., Rosneft Oil Company, ConocoPhillips, VNG AG, Occidental Petroleum Corporation, Pioneer Natural Resources Company, Novatek OAO, Devon Energy Corp, Woodside Energy Ltd., Southwestern Energy Company, BP p.l.c., Origin Energy Ltd., NGL Energy Partners LP, Santos Ltd., EQT Corporation, Antero Resources Corporation, Chesapeake Energy Corporation, Range Resources Corporation, Husky Energy Inc., Ascent Resources Upstream LLC, Tellurian Inc., Viper Energy Partners LP, W&T Offshore Holdings LLC
Asia-Pacific was the largest region in the natural gas market in 2025. The regions covered in the natural gas market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the natural gas market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The natural gas market consists of sales of methane, ethane, butane, and propane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Natural Gas Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses natural gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for natural gas ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The natural gas market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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