Natural Gas Storage Market (Updated Version Available)

The Natural Gas Storage market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Natural gas storage involves accumulation of natural gas in several storage facilities for future consumption. The purpose of storage is to meet the fluctuating energy demand during the peak and off-peak seasons. Generally, natural gas is stored during the off-peak season and utilized during the peak season. This reduces the demand and supply gap, and increases the reliability of supply.
Storage facilities are essential for managing supply required to cater to globally rising energy demand. Rapid industrialization along with growing urbanization in emerging economies of Asia Pacific and Latin America is anticipated to propel market growth significantly over the forecast period. Natural gas market deregulation and easy availability have resulted in increasing storage demand for various purposes such as operational and commercial.
Rising natural gas demand is expected to drive oil & gas exploration activities, which in turn increases storage facilities demand. The market is divided in two types, above ground storage and underground storage facilities. Underground storage facilities are further divided into depleted reservoirs, salt caverns formation, and aquifers.
In the global Natural Gas Storage market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In global market, the following companies are covered:
ANR Storage Company(Canada)
Blue Lake Gas Storage (US)
DTE Energy(US)
E.ON (Germany)
GDF Suez Energy(France)
Technip(France)
The Williams Companies(US)
Kinder Morgan (US)
Michigan Gas Storage (US)
ONEOK (US)

Market Segment by Product Type:
Liquid Storage
Gas Storage

Market Segment by Application:
Introduction
Above Ground Storage
Underground Storage

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Natural Gas Storage market for the forecast period 2020 - 2025?
• What are the driving forces in the Natural Gas Storage market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Natural Gas Storage industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?