KD Market Insights have recently updated its massive research database by introducing a fresh report, titled “Natural Gas Market 2017: Market Value & Volume, Trends & Opportunity Outlook – Forecast to 2023”. The study covers the comprehensive evaluation of the market by covering prime trends and future estimations until the end of 2023. Moreover, the geographical scenario of the market has been offered to the readers to understand market spread in major regions of the world. Prime regions underlined in the study include North America, Middle East and Africa, Asia Pacific, Latin America, and Europe. The market size and forecast for each of these regions has been provided for the period from 2017 to 2023.
The prime motive of the study is to offer a crystal-clear snapshot of the natural gas market to the investors highly interested to gain market information. Firstly, the research initiates by defining natural gas and its wider applications. Natural gas is widely considered as the earth's cleanest fossil fuel, which is colorless and odorless in its natural state. Presently, it is a beneficial source of natural energy, offering numerous advantages over other energy sources. Some of them are fewer impurities, combustion results in less pollution, less chemically complex and produces less carbon dioxide, sulfur dioxide, nitrogen oxides and particulate matter. Considering these benefits, analysts found that the global natural gas market is forecasted to reach a notable value by the end of 2023. The market is expected to surge remarkably at a CAGR of 12.1% over the projected period.
As the research proceeds, the study encapsulates vital information of the market by highlighting market dynamics, including opportunities, drivers and restraints expected to have a major impact on market growth. As per the research notifications, growing environmental concerns and government support to promote the use of natural gases over other conventional fuels are predicted to strengthen the growth of market in the coming years.
In a bid to offer detailed insights into the market, the study includes market segmental analysis. This section provides clear information about the strong and weak areas of the market. On the basis of type, the market has been categorized into Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG). Moreover, on the basis of natural gas, the study covers power generation, industry, residential & commercial. For each segment, the study estimates market size and forecast for the period 2017 to 2023.
At last, the study comprises precise analysis of the companies’ active in the market along with information such as financial information, revenue, SWOT Analysis, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news. Key players outlined in the study include Exxon Mobil Corporation, Oil and Natural Gas Corporation Ltd., Chevron Corporation, Eni S.p.A., Petrochina, BP Plc., Total SA, Royal Dutch Shell, StatOil and Conoco Philips.