Global Industrial and Commercial Natural Gas Distribution Market to Reach $761.97B by 2023, Growing at 5.9% CAGR

TBRC’s Industrial And Commercial Natural Gas Distribution Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 27, 2023 /EINPresswire.com/ -- The global industrial and commercial natural gas distribution market, valued at $719.65 billion in 2022, is projected to reach $761.97 billion in 2023, exhibiting a steady compound annual growth rate (CAGR) of 5.9%. Despite challenges posed by the Russia-Ukraine war and disruptions from the COVID-19 pandemic, the market is anticipated to recover and experience robust growth, with a forecasted market size of $1,053.9 billion by 2027 at a CAGR of 8.4%.
Economic Factors Driving Market Expansion

The growth of the industrial and commercial natural gas distribution market is attributed to factors such as increased disposable income and a rising demand from commercial customers. The demand from commercial customers, particularly in the household sector for cooking and operating refrigeration and cooling equipment, is expected to be a key driver for market growth. Commercial usage accounted for approximately 11% of total U.S. natural gas consumption in 2021, underscoring the significance of this segment in the market.

Key Players Leading the Way: Gas Natural Sdg, Ultrapar Participacoes, Air Liquide, and More

Major players contributing to the growth of the industrial and commercial natural gas distribution market include Gas Natural Sdg SA, Ultrapar Participacoes SA, Air Liquide SA, L`Air Liquide SA, and Korea Gas Corp (KOGAS). These industry leaders are actively involved in expanding their city gas distribution networks to meet the growing demand for natural gas.

For a comprehensive analysis of the global industrial and commercial natural gas distribution market, including regional insights, market trends, and growth opportunities, access the Sample report:
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Emerging Trends: City Gas Distribution Plants and Decarbonization
A key trend in the market is the establishment of new city gas distribution plants, driven by companies seeking to strengthen their industrial and commercial natural gas presence. For example, in January 2022, Bharat Petroleum Corporation Ltd (BPCL), an India-based petrol and gas distribution company, invested INR 10,000 crores to launch city gas distribution networks in six cities throughout India, enhancing the accessibility and supply of natural gas.

Furthermore, the adoption of decarbonization initiatives is gaining prominence globally. This strategy aims to reduce greenhouse gas emissions by shifting from coal to natural gas for electricity generation. This transition is expected to spur the growth of the industrial and commercial natural gas distribution market.

Market Segmentation: Diverse Categories Reflect Market Dynamics
1) By Type: Industrial Natural Gas Distribution, and Commercial Natural Gas Distribution
2) By Source: Associated Gas, Non Associated Gas, Unconventional Sources
3) By End User: Light Duty Vehicles, Medium Or Heavy Duty Buses, Medium Or Heavy Duty Trucks"
Regional Dynamics: Asia-Pacific Takes the Lead

Asia-Pacific emerged as the largest region in the industrial and commercial natural gas distribution market in 2022. The regions covered in the market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Access the complete report of the global industrial and commercial natural gas distribution market:
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Industrial And Commercial Natural Gas Distribution Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Industrial And Commercial Natural Gas Distribution Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on industrial and commercial natural gas distribution market size, industrial and commercial natural gas distribution market drivers and industrial and commercial natural gas distribution market trends, industrial and commercial natural gas distribution market major players, competitors' revenues, market positioning, and industrial and commercial natural gas distribution market growth across geographies. The industrial and commercial natural gas distribution market report helps you gain in-depth insights on industrial and commercial natural gas distribution market opportunities and industrial and commercial natural gas distribution market strategies. Companies can leverage the data in the industrial and commercial natural gas distribution market report and tap into industrial and commercial natural gas distribution market segments with the highest growth potential.

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