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市场调查报告书
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1383762

地上天然气储存市场-全球产业规模、份额、趋势、机会和预测,按地点(城市、农村和其他)、按应用(住宅、商业、其他)、按地区、按竞争划分,2018-2028年

Above Ground Natural Gas Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Location (Urban, Rural and Others), By Application (Residential, Commercial, Others), By Region, By Competition, 2018-2028

出版日期: | 出版商: TechSci Research | 英文 190 Pages | 商品交期: 2-3个工作天内

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简介目录

2022 年,全球地上天然气储存市场价值为 1,790.8 亿美元,预计在预测期内将强劲成长,到 2028 年CAGR为 6.19%。

地上天然气储存市场是指涉及在地表以上设施储存天然气的产业。天然气是一种重要的能源,可用于多种用途,包括暖气、发电和工业过程。天然气需求的波动、季节变化以及确保向消费者提供稳定可靠的天然气供应的必要性,需要高效、安全的储存解决方案。地上天然气储存设施通常由设计用于储存压缩或液化天然气的大型储存槽或容器组成。这些储存系统可以在需求低迷时期(例如夏季)安全且受控地储存多余天然气,并在随后的需求高峰期(例如冬季)提取天然气。地上储存的主要优点是其可存取性和易于维护。这些设施通常位于分销网络附近,可轻鬆扩展或修改以满足不断变化的市场需求。此外,它们在确保能源安全和电网稳定方面发挥着至关重要的作用,是平衡天然气市场供需的战略缓衝。

地上天然气储存市场受到能源消耗模式、监管要求以及优化现有基础设施利用的需求等因素的影响。它是天然气供应链的关键组成部分,确保向消费者和工业提供一致、可靠的天然气供应,同时有助于提高能源弹性和满足能源需求的灵活性。

市场概况
预测期 2024-2028
2022 年市场规模 1790.8亿美元
2028 年市场规模 2696.1亿美元
2023-2028 年CAGR 6.19%
成长最快的细分市场 商业的
最大的市场 北美洲

主要市场驱动因素

目录

第 1 章:产品概述

  • 市场定义
  • 市场范围
    • 涵盖的市场
    • 考虑学习的年份
  • 主要市场区隔

第 2 章:研究方法

  • 研究目的
  • 基线方法
  • 范围的製定
  • 假设和限制
  • 研究来源
    • 二次研究
    • 初步研究
  • 市场研究方法
    • 自下而上的方法
    • 自上而下的方法
  • 计算市场规模和市场份额所遵循的方法
  • 预测方法
    • 数据三角测量与验证

第 3 章:执行摘要

第 4 章:客户之声

第 5 章:全球地上天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点(城市、乡村及其他)
    • 按应用(住宅、商业、其他)
    • 按地区
  • 按公司划分 (2022)
  • 市场地图

第 6 章:北美地上天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点
    • 按应用
    • 按国家/地区
  • 北美:国家分析
    • 美国地面上
    • 加拿大
    • 墨西哥

第 7 章:欧洲地面天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点
    • 按应用
    • 按国家/地区
  • 欧洲:国家分析
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙

第 8 章:亚太地区地上天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点
    • 按应用
    • 按国家/地区
  • 亚太地区:国家分析
    • 中国
    • 印度
    • 日本
    • 韩国
    • 澳洲

第 9 章:南美洲地上天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点
    • 按应用
    • 按国家/地区
  • 南美洲:国家分析
    • 巴西
    • 阿根廷
    • 哥伦比亚

第 10 章:中东和非洲地上天然气储存市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按地点
    • 按应用
    • 按国家/地区
  • MEA:国家分析
    • 南非地上天然气储存库
    • 沙乌地阿拉伯地上天然气储存库
    • 阿联酋地上天然气储存库
    • 科威特地上天然气储存库
    • 土耳其地上天然气储存库

第 11 章:市场动态

第 12 章:市场趋势与发展

第13章:竞争格局

  • 俄罗斯天然气工业股份公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 埃克森美孚公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 中国石油天然气集团公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 壳牌公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 雪佛龙公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 总能源公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 沙特阿美公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 卢克石油股份公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 恩吉集团
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 尤尼珀SE
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered

第 14 章:策略建议

关于我们及免责声明

简介目录
Product Code: 17627

Global Above Ground Natural Gas Storage Market has valued at USD 179.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.19% through 2028.

The Above Ground Natural Gas Storage market refers to the industry involved in the storage of natural gas in facilities located above the earth's surface. Natural gas is a vital energy source used for various purposes, including heating, electricity generation, and industrial processes. The need for efficient and secure storage solutions arises from fluctuations in natural gas demand, seasonal variations, and the necessity to ensure a stable and reliable gas supply to consumers. Above ground natural gas storage facilities typically consist of large tanks or containers designed to store compressed or liquefied natural gas. These storage systems allow for the safe and controlled storage of excess gas during periods of low demand, such as the summer months, and the subsequent withdrawal of gas during peak demand periods, such as winter. The primary advantage of above ground storage is its accessibility and ease of maintenance. These facilities are typically located near distribution networks and can be readily expanded or modified to meet changing market needs. Moreover, they play a crucial role in ensuring energy security and grid stability, acting as a strategic buffer to balance supply and demand in the natural gas market.

The Above Ground Natural Gas Storage market is influenced by factors such as energy consumption patterns, regulatory requirements, and the need to optimize the utilization of existing infrastructure. It serves as a critical component of the natural gas supply chain, ensuring a consistent and reliable supply of natural gas to consumers and industries while contributing to energy resilience and flexibility in meeting energy demands..

Market Overview
Forecast Period2024-2028
Market Size 2022USD 179.08 Billion
Market Size 2028USD 269.61 Billion
CAGR 2023-20286.19%
Fastest Growing SegmentCommercial
Largest MarketNorth America

Key Market Drivers

Driver 1: Growing Natural Gas Demand and Consumption

One of the primary drivers of the global Above Ground Natural Gas Storage market is the sustained growth in natural gas demand and consumption. Natural gas is a versatile and relatively clean-burning fossil fuel, used for electricity generation, heating, industrial processes, and transportation. Its popularity stems from its efficiency, lower carbon emissions compared to other fossil fuels, and versatility in various applications.

As the global population continues to increase, urbanization expands, and industrialization intensifies, the demand for natural gas has been steadily rising. This trend is driven by factors such as increased energy needs, the transition to cleaner energy sources, and the replacement of coal and oil with natural gas in power generation and industrial applications.

Above ground natural gas storage facilities play a pivotal role in meeting this growing demand. These facilities enable the storage of excess natural gas during periods of low demand, such as the summer months, and the withdrawal of stored gas during peak demand, such as winter. This flexibility ensures a reliable and continuous supply of natural gas to meet the needs of consumers, industries, and power plants, making above ground storage an essential component of the global natural gas infrastructure.

Moreover, the flexibility provided by above ground storage helps stabilize natural gas prices by balancing supply and demand fluctuations, contributing to the stability of natural gas markets worldwide.

Seasonal and Regional Variations in Natural Gas Demand

Seasonal and regional variations in natural gas demand constitute another significant driver of the global Above Ground Natural Gas Storage market. Natural gas consumption is subject to fluctuations based on factors like weather conditions, heating needs, and industrial production cycles.

During colder months, particularly in regions with harsh winters, there is a substantial increase in natural gas consumption for heating purposes. Conversely, in warmer months, heating demand decreases, but natural gas may still be required for power generation, industrial processes, and residential use. These seasonal variations in demand necessitate the storage of surplus gas during periods of low demand to ensure a stable and reliable supply during peak demand periods.

Above ground storage facilities are well-suited to address these seasonal fluctuations. They allow for the accumulation of excess natural gas in the summer and its release during the winter when demand is at its peak. Additionally, above ground storage facilities are strategically located near distribution networks and demand centers, facilitating the efficient supply of natural gas to meet regional needs.

The ability to store natural gas during times of surplus and release it during times of high demand enhances energy security, grid reliability, and price stability. Thus, seasonal and regional variations in natural gas demand continue to drive the demand for above ground storage facilities globally.

Energy Transition and Renewable Integration

The global transition toward cleaner and more sustainable energy sources, including renewable energy, is a significant driver of the Above Ground Natural Gas Storage market. While renewable energy sources like wind and solar power are integral to reducing greenhouse gas emissions and combating climate change, they are inherently intermittent, generating power only when the wind blows or the sun shines.

To address the intermittency of renewables and ensure a stable energy supply, natural gas serves as a crucial complement. Natural gas power plants can quickly ramp up or down to balance the grid and compensate for fluctuations in renewable energy generation. This role, known as "peaker" or "flexible" power generation, relies on natural gas storage to provide quick access to gas during periods of high demand or when renewable sources are insufficient.

Above ground natural gas storage facilities play a pivotal role in this energy transition. They store natural gas that can be rapidly injected into gas-fired power plants, ensuring grid stability and reliable electricity supply even when renewable energy generation is variable.

Moreover, the flexibility offered by above ground storage makes it compatible with the evolving energy landscape, where renewable energy integration is a priority. As governments and utilities worldwide embrace renewable energy targets and carbon reduction goals, the demand for above ground natural gas storage as a flexible and reliable energy solution continues to rise.

Infrastructure Expansion and Modernization

The need for infrastructure expansion and modernization is a key driver of the global Above Ground Natural Gas Storage market. Aging natural gas storage facilities and the growth in natural gas production have prompted investments in upgrading and expanding storage capacity.

Many existing natural gas storage facilities have reached the end of their operational lifespans and require retrofitting or replacement. Modernizing these facilities involves incorporating advanced technologies and safety measures, enhancing their efficiency, and ensuring compliance with evolving regulatory standards.

Furthermore, the growth of shale gas production and the increasing importance of liquefied natural gas (LNG) exports have necessitated the expansion of natural gas storage infrastructure. New storage facilities are being developed to accommodate larger quantities of natural gas, improve operational flexibility, and support the changing dynamics of the global natural gas trade.

In regions with emerging natural gas markets, such as Asia and Africa, infrastructure development is a critical driver of the Above Ground Natural Gas Storage market. These areas are investing in storage facilities to enhance energy security, meet growing demand, and diversify their energy sources.

Infrastructure expansion and modernization also include the construction of strategically located storage facilities near demand centers, transportation hubs, and LNG terminals. These developments enhance the reliability and accessibility of natural gas supply, contributing to the growth of above ground storage in the global market.

Regulatory Support and Energy Security

Regulatory support and the imperative for energy security are important drivers of the global Above Ground Natural Gas Storage market. Governments and regulatory bodies recognize the critical role of natural gas storage in ensuring the stability and resilience of energy supply.

Many countries have established regulations and policies that encourage or mandate the development of natural gas storage infrastructure. These regulations often focus on issues such as safety standards, emergency response plans, and the strategic importance of maintaining gas reserves to safeguard against supply disruptions.

Additionally, regulatory mechanisms may incentivize the construction and maintenance of natural gas storage facilities. These mechanisms can include capacity remuneration mechanisms (CRMs) or strategic storage obligations that guarantee compensation for storage operators, ensuring the availability of storage capacity even during periods of low market demand.

Energy security is a fundamental driver of above ground natural gas storage. Natural gas is a reliable energy source, and storage facilities provide a buffer against disruptions in supply, whether caused by geopolitical conflicts, extreme weather events, or unforeseen infrastructure failures. Governments recognize the importance of securing energy supply for industries, residential heating, and power generation, driving investments in natural gas storage as a strategic asset.

Increasing LNG Trade and Transportation

The expanding global trade and transportation of liquefied natural gas (LNG) serve as another driver of the Above Ground Natural Gas Storage market. LNG is a versatile form of natural gas that can be transported over long distances by sea, making it accessible to regions that do not have direct pipeline connections to gas-producing areas.

Above ground natural gas storage plays a vital role in the LNG supply chain by providing a facility for regasification and distribution. LNG import terminals, equipped with above ground storage tanks, receive LNG shipments, where the liquefied gas is converted back into its gaseous form through regasification. These storage facilities ensure a steady and reliable supply of natural gas from LNG imports to meet regional energy demands.

The growth in LNG trade, driven by increasing demand for natural gas and the desire to diversify energy sources, has led to investments in new LNG import terminals and expansions of existing facilities. Above ground storage tanks are a crucial component of these terminals, enabling the efficient handling and distribution of LNG.

Moreover, the global LNG trade is characterized by flexibility and the ability to respond to changing market conditions. Above ground storage provides the necessary infrastructure to accommodate fluctuations in LNG supply and demand, ensuring the reliability of LNG as a source of natural gas for regions worldwide.

In conclusion, the global Above Ground Natural Gas Storage market is driven by multiple factors, including the growing demand for natural gas, seasonal and regional variations in demand, the transition to cleaner energy sources, infrastructure expansion and modernization, regulatory support, energy security considerations, and the increasing trade and transportation of LNG. These drivers collectively contribute to the continued growth and significance of above ground storage facilities in ensuring a stable and reliable supply of natural gas to meet the energy needs of consumers, industries, and power generation..

Government Policies are Likely to Propel the Market

Storage Capacity Targets and Regulations

Many governments worldwide have established storage capacity targets and regulations to ensure an adequate level of natural gas storage. These targets require operators to maintain a minimum level of storage capacity to meet energy demand during peak periods, emergencies, or supply disruptions. Regulatory agencies oversee compliance with these targets and set penalties for non-compliance.

These policies aim to enhance energy security by guaranteeing a sufficient reserve of natural gas in case of unexpected events, such as extreme weather conditions, geopolitical tensions, or infrastructure failures. Adequate storage capacity helps prevent supply shortages, stabilizes natural gas prices, and ensures a reliable energy supply for consumers and industries.

Safety Standards and Regulations

Governments implement stringent safety standards and regulations governing the construction, operation, and maintenance of above ground natural gas storage facilities. These policies are designed to protect public safety, prevent accidents, and minimize environmental risks associated with gas storage.

Safety standards encompass factors such as tank design, corrosion protection, leak detection systems, emergency response plans, and worker training. Regulatory agencies conduct regular inspections and audits to ensure compliance with these standards. Non-compliance can result in fines, facility shutdowns, or legal penalties.

By enforcing robust safety regulations, governments prioritize the well-being of communities and the environment while fostering confidence in the safety and reliability of natural gas storage facilities.

Strategic Gas Reserves and Emergency Response Plans

Some governments establish strategic gas reserves and require operators to maintain a portion of their storage capacity for emergency use. These reserves are intended to address energy security concerns during crises, such as natural disasters, supply disruptions, or political conflicts.

Operators must develop comprehensive emergency response plans that outline procedures for rapid gas injections, withdrawal, and distribution during emergencies. Governments may provide financial incentives or compensation mechanisms to encourage operators to maintain strategic reserves.

Strategic gas reserves and emergency response plans help mitigate the impact of unexpected events, ensuring that critical infrastructure, industries, and essential services have access to natural gas even in challenging circumstances.

Market Access and Competition Regulations

Governments often implement regulations that promote fair market access and competition within the natural gas storage sector. These policies aim to prevent monopolies, encourage transparent pricing, and create a level playing field for storage operators and market participants.

Market access regulations may require storage operators to provide non-discriminatory access to their facilities, allowing multiple gas suppliers and consumers to utilize storage services. Additionally, governments may impose rules to facilitate third-party access to storage capacity, promoting healthy competition and preventing anti-competitive behavior.

These policies encourage market efficiency, foster innovation, and ensure that consumers have access to competitive pricing and a variety of storage options.

Environmental and Emissions Regulations

Governments worldwide are increasingly focused on environmental protection and reducing greenhouse gas emissions. Policies related to the Above Ground Natural Gas Storage market often include environmental regulations aimed at minimizing emissions from storage facilities.

Operators may be required to implement technologies to reduce methane leaks, optimize gas capture, and control emissions from venting or flaring. These regulations contribute to the industry's efforts to reduce its carbon footprint and mitigate environmental impacts.

Furthermore, governments may encourage or mandate the use of cleaner technologies, such as carbon capture and utilization (CCU) or carbon capture and storage (CCS), to minimize the release of greenhouse gases associated with natural gas storage operations.

Energy Transition and Renewable Integration

In alignment with global efforts to transition to cleaner energy sources, governments are implementing policies that encourage the integration of renewable energy and natural gas storage. These policies aim to support the grid's stability and reliability while reducing carbon emissions from energy production.

For example, governments may incentivize the development of power-to-gas (P2G) facilities, which use surplus renewable energy to produce hydrogen or synthetic natural gas for storage and later use. By facilitating the storage of renewable energy in the form of gas, these policies contribute to grid balancing and ensure a consistent energy supply, even during periods of low renewable generation.

Additionally, some governments provide financial incentives or subsidies for renewable natural gas (RNG) projects, which produce biogas from organic waste sources and inject it into natural gas storage facilities. These initiatives promote the integration of renewable energy into the gas grid, aligning with sustainability and climate goals.

In conclusion, government policies significantly influence the global Above Ground Natural Gas Storage market by addressing capacity targets, safety standards, emergency response planning, market access, environmental concerns, and the integration of renewable energy. These policies aim to ensure energy security, environmental protection, market competition, and the seamless integration of natural gas storage into evolving energy landscapes. They play a pivotal role in shaping the industry's growth, sustainability, and contribution to reliable energy supply..

Key Market Challenges

Environmental and Regulatory Concerns

One of the primary challenges facing the global Above Ground Natural Gas Storage market relates to environmental and regulatory concerns. As societies worldwide become increasingly focused on mitigating climate change and reducing greenhouse gas emissions, the natural gas industry, including storage facilities, faces scrutiny and demands for enhanced environmental responsibility.

Environmental Impact and Methane Emissions: Above ground natural gas storage facilities have the potential to release methane, a potent greenhouse gas, into the atmosphere. Methane leakage during storage operations and maintenance activities can contribute to global warming. While natural gas is often considered a cleaner-burning fossil fuel compared to coal or oil, its environmental benefits can be offset by methane emissions.

Regulatory Stringency: Governments and regulatory bodies are tightening environmental regulations, particularly concerning methane emissions and other air quality standards. These regulations impose stringent requirements on operators to monitor, report, and reduce emissions from storage facilities. Compliance can be costly, requiring investments in leak detection systems, emissions control technologies, and periodic inspections.

Public Opposition and Community Concerns: The environmental impact of above ground storage facilities can lead to public opposition and community concerns, further complicating the industry's growth. Local residents and environmental advocacy groups often voice objections to the construction or expansion of storage facilities due to perceived environmental risks.

Addressing these environmental and regulatory challenges requires a proactive approach by the Above Ground Natural Gas Storage industry. This involves implementing best practices for emissions reduction, investing in advanced leak detection and control technologies, and engaging with stakeholders to build trust and address community concerns. Additionally, research and innovation in carbon capture and utilization (CCU) and carbon capture and storage (CCS) technologies can help mitigate methane emissions and align storage operations with sustainability goals.

Technological Advancements and Infrastructure Upgrades

Another significant challenge facing the global Above Ground Natural Gas Storage market is the need for continuous technological advancements and infrastructure upgrades to meet evolving industry demands and standards.

Aging Infrastructure: Many existing above ground storage facilities have been in operation for decades and may not fully align with modern safety, efficiency, and environmental standards. Aging infrastructure can lead to higher maintenance costs, operational inefficiencies, and an increased risk of incidents or leaks.

Safety and Security Concerns: Safety and security are paramount in the natural gas industry. Ensuring the integrity of storage tanks, pipelines, and associated equipment is essential to prevent accidents, leaks, or unauthorized access. As technology evolves, security vulnerabilities may emerge, requiring constant vigilance and upgrades to safeguard facilities.

Technological Advancements: The industry must stay at the forefront of technological advancements to enhance safety, operational efficiency, and environmental performance. Innovations in leak detection, remote monitoring, automation, and data analytics offer opportunities to improve the integrity and reliability of storage facilities. However, integrating these technologies into existing infrastructure can be complex and costly.

Digitalization and Cybersecurity: As storage facilities become more connected and digitally integrated, the risk of cyberattacks and data breaches increases. Protecting critical infrastructure from cyber threats is an ongoing challenge, requiring investments in robust cybersecurity measures and employee training.

To address these technological challenges, industry stakeholders, including storage operators, technology providers, and regulatory bodies, must collaborate to develop and implement comprehensive upgrade and modernization strategies. This includes conducting thorough risk assessments, prioritizing investments based on safety and environmental benefits, and adopting emerging technologies that enhance the resilience and efficiency of above ground natural gas storage facilities. By embracing innovation and best practices, the industry can navigate these challenges while maintaining its role as a vital component of the global energy infrastructure.

Segmental Insights

Urban Insights

The Urban segment had the largest market share in 2022 & expected to maintain it in the forecast period. Urban centers are characterized by dense populations, extensive commercial and industrial activities, and a high demand for energy, including natural gas. These areas require a reliable and continuous supply of natural gas to meet the heating, electricity generation, and industrial process needs of residents and businesses. Locating above ground natural gas storage facilities in urban areas ensures proximity to end-users. This proximity minimizes transportation costs and transmission losses, allowing for more efficient and cost-effective gas distribution. It also enables a quick response to fluctuations in demand, which is crucial in urban settings where energy consumption can vary significantly. Urban areas are often critical hubs for economic and social activities. Ensuring a stable energy supply is paramount for maintaining the functioning of critical infrastructure, such as hospitals, data centers, transportation systems, and emergency services. Above ground storage facilities in urban locations enhance energy resilience by providing a readily available gas supply during emergencies or supply disruptions. Urban areas are subject to stringent safety and environmental regulations. Above ground storage facilities, when designed and operated in compliance with these regulations, can provide a higher level of safety assurance compared to underground storage options. Governments and regulatory bodies may encourage above ground storage in urban areas to ensure compliance with safety standards. Urban areas have well-developed transportation and utility infrastructure, making it easier to establish and maintain above ground storage facilities. These areas are often served by pipelines, distribution networks, and roads, facilitating the transportation and installation of storage equipment. Above ground storage in urban locations can play a crucial role in demand response strategies. It allows for quick injections and withdrawals of natural gas to respond to sudden increases in demand, especially during peak consumption periods in cold weather. This flexibility contributes to grid stability and ensures a reliable gas supply. Urban areas experience daily fluctuations in gas demand due to residential heating, commercial activities, and industrial processes. Above ground storage facilities can help balance gas supply by absorbing excess gas during low-demand periods and releasing it during peak demand, contributing to stable gas prices and uninterrupted supply. Urban areas may have a higher degree of infrastructure redundancy to mitigate potential disruptions. Above ground storage adds redundancy to the natural gas supply chain, reducing the risk of single points of failure and enhancing the overall reliability of the gas distribution system.

Commercial Insights

The Commercial segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The commercial sector includes a wide range of industries such as manufacturing, hospitality, retail, and healthcare, each with diverse natural gas usage patterns. These industries often require natural gas for heating, power generation, hot water supply, cooking, and various industrial processes. The versatility of natural gas makes it a preferred energy source for meeting the diverse needs of these businesses. Commercial enterprises place a premium on a reliable and uninterrupted energy supply to ensure smooth operations. Natural gas storage facilities enable businesses to maintain a consistent energy supply, regardless of fluctuations in gas production or delivery. This reliability is particularly crucial for critical operations, such as hospitals, hotels, and manufacturing plants. Some commercial sectors, like the hospitality industry, experience pronounced seasonal variations in energy demand. For instance, hotels and resorts may require more natural gas for heating during the winter months and cooling during the summer. Natural gas storage allows businesses to stockpile gas during periods of low demand and access it when demand surges. Businesses in the commercial sector are often sensitive to energy costs. Natural gas is frequently chosen for its cost-effectiveness, and storage facilities enable businesses to take advantage of favorable market prices by purchasing and storing gas during periods of lower prices. Natural gas is considered a cleaner-burning fossil fuel compared to coal and oil. Many commercial enterprises are conscious of their environmental impact and opt for natural gas as an environmentally friendly energy source. Natural gas storage facilities ensure a consistent supply of this cleaner fuel. Compliance with environmental regulations and safety standards is a priority for commercial entities. Natural gas storage facilities are designed to meet these regulations, ensuring that commercial users can operate within legal and environmental guidelines. Commercial entities often require the flexibility to adjust their energy consumption based on market conditions and business needs. Natural gas storage provides this flexibility by allowing businesses to store excess gas during periods of lower demand and utilize it when needed. In the face of energy supply disruptions, commercial enterprises prioritize resilience. Natural gas storage provides an additional layer of energy security, allowing businesses to continue operations even during supply interruptions.

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Regional Insights

North America

North America had the largest market for above ground natural gas storage, accounting for over 35% of the global market share in 2022. The region has a large and growing demand for natural gas, and above ground storage tanks are becoming increasingly popular due to their advantages over underground storage. The United States is the leading producer and consumer of above ground natural gas storage in North America.

Asia Pacific

Asia Pacific had the second-largest market for above ground natural gas storage, accounting for over 30% of the global market share in 2022. The region is experiencing rapid economic growth and rising urbanization, which is leading to an increase in demand for natural gas. China is the leading producer and consumer of above ground natural gas storage in Asia Pacific.

Europe

Europe had the third-largest market for above ground natural gas storage, accounting for over 25% of the global market share in 2022. The region has a long history of using natural gas and is increasingly focused on energy security. Germany is the leading producer and consumer of above ground natural gas storage in Europe.

Key Market Players

PJSC Gazprom

ExxonMobil Corporation

China National Petroleum Corporation

Shell plc

Chevron Corporation

TotalEnergies SE

Saudi Aramco

PJSC Lukoil

Engie Group

Uniper SE

Report Scope:

In this report, the Global Above Ground Natural Gas Storage Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Above Ground Natural Gas Storage Market, By Location:

  • Urban
  • Rural
  • Others

Above Ground Natural Gas Storage Market, By Application:

  • Residential
  • Commercial
  • Others

Above Ground Natural Gas Storage Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Above Ground.

Available Customizations:

  • Global Above Ground Natural Gas Storage Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
  • 1.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Formulation of the Scope
  • 2.4. Assumptions and Limitations
  • 2.5. Sources of Research
    • 2.5.1. Secondary Research
    • 2.5.2. Primary Research
  • 2.6. Approach for the Market Study
    • 2.6.1. The Bottom-Up Approach
    • 2.6.2. The Top-Down Approach
  • 2.7. Methodology Followed for Calculation of Market Size & Market Shares
  • 2.8. Forecasting Methodology
    • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Above Ground Natural Gas Storage Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Location (Urban, Rural and Others)
    • 5.2.2. By Application (Residential, Commercial, Others)
    • 5.2.3. By Region
  • 5.3. By Company (2022)
  • 5.4. Market Map

6. North America Above Ground Natural Gas Storage Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Location
    • 6.2.2. By Application
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Above Ground Above Ground Natural Gas Storage Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Location
        • 6.3.1.2.2. By Application
    • 6.3.2. Canada Above Ground Natural Gas Storage Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Location
        • 6.3.2.2.2. By Application
    • 6.3.3. Mexico Above Ground Natural Gas Storage Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Location
        • 6.3.3.2.2. By Application

7. Europe Above Ground Natural Gas Storage Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Location
    • 7.2.2. By Application
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Above Ground Natural Gas Storage Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Location
        • 7.3.1.2.2. By Application
    • 7.3.2. United Kingdom Above Ground Natural Gas Storage Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Location
        • 7.3.2.2.2. By Application
    • 7.3.3. Italy Above Ground Natural Gas Storage Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Location
        • 7.3.3.2.2. By Application
    • 7.3.4. France Above Ground Natural Gas Storage Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Location
        • 7.3.4.2.2. By Application
    • 7.3.5. Spain Above Ground Natural Gas Storage Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Location
        • 7.3.5.2.2. By Application

8. Asia-Pacific Above Ground Natural Gas Storage Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Location
    • 8.2.2. By Application
    • 8.2.3. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Above Ground Natural Gas Storage Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Location
        • 8.3.1.2.2. By Application
    • 8.3.2. India Above Ground Natural Gas Storage Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Location
        • 8.3.2.2.2. By Application
    • 8.3.3. Japan Above Ground Natural Gas Storage Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Location
        • 8.3.3.2.2. By Application
    • 8.3.4. South Korea Above Ground Natural Gas Storage Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Location
        • 8.3.4.2.2. By Application
    • 8.3.5. Australia Above Ground Natural Gas Storage Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Location
        • 8.3.5.2.2. By Application

9. South America Above Ground Natural Gas Storage Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Location
    • 9.2.2. By Application
    • 9.2.3. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Above Ground Natural Gas Storage Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Location
        • 9.3.1.2.2. By Application
    • 9.3.2. Argentina Above Ground Natural Gas Storage Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Location
        • 9.3.2.2.2. By Application
    • 9.3.3. Colombia Above Ground Natural Gas Storage Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Location
        • 9.3.3.2.2. By Application

10. Middle East and Africa Above Ground Natural Gas Storage Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Location
    • 10.2.2. By Application
    • 10.2.3. By Country
  • 10.3. MEA: Country Analysis
    • 10.3.1. South Africa Above Ground Natural Gas Storage Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Location
        • 10.3.1.2.2. By Application
    • 10.3.2. Saudi Arabia Above Ground Natural Gas Storage Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Location
        • 10.3.2.2.2. By Application
    • 10.3.3. UAE Above Ground Natural Gas Storage Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Location
        • 10.3.3.2.2. By Application
    • 10.3.4. Kuwait Above Ground Natural Gas Storage Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Location
        • 10.3.4.2.2. By Application
    • 10.3.5. Turkey Above Ground Natural Gas Storage Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Location
        • 10.3.5.2.2. By Application

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

  • 13.1. PJSC Gazprom
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel/Key Contact Person
    • 13.1.5. Key Product/Services Offered
  • 13.2. ExxonMobil Corporation
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel/Key Contact Person
    • 13.2.5. Key Product/Services Offered
  • 13.3. China National Petroleum Corporation
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel/Key Contact Person
    • 13.3.5. Key Product/Services Offered
  • 13.4. Shell plc
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel/Key Contact Person
    • 13.4.5. Key Product/Services Offered
  • 13.5. Chevron Corporation
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel/Key Contact Person
    • 13.5.5. Key Product/Services Offered
  • 13.6. TotalEnergies SE
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel/Key Contact Person
    • 13.6.5. Key Product/Services Offered
  • 13.7. Saudi Aramco
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel/Key Contact Person
    • 13.7.5. Key Product/Services Offered
  • 13.8. PJSC Lukoil
    • 13.8.1. Business Overview
    • 13.8.2. Key Revenue and Financials
    • 13.8.3. Recent Developments
    • 13.8.4. Key Personnel/Key Contact Person
    • 13.8.5. Key Product/Services Offered
  • 13.9. Engie Group
    • 13.9.1. Business Overview
    • 13.9.2. Key Revenue and Financials
    • 13.9.3. Recent Developments
    • 13.9.4. Key Personnel/Key Contact Person
    • 13.9.5. Key Product/Services Offered
  • 13.10. Uniper SE
    • 13.10.1. Business Overview
    • 13.10.2. Key Revenue and Financials
    • 13.10.3. Recent Developments
    • 13.10.4. Key Personnel/Key Contact Person
    • 13.10.5. Key Product/Services Offered

14. Strategic Recommendations

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