Global Underground Gas Storage Market 2024-2028

Description

List of Tables

The underground gas storage market is forecasted to grow by USD 10200.9 mn during 2023-2028, accelerating at a CAGR of 5.34% during the forecast period. The report on the underground gas storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing energy demand, ensuring energy security, and modernization of infrastructure.

Technavio's underground gas storage market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.78%
CAGR	5.34%
Incremental Value	$10200.9 mn

By Type

Depleted fields
Aquifer reservoir
Salt caverns

By Product

Natural gas
Hydrogen
Others

By Geographical Landscape

Europe
North America
APAC
Middle East and Africa
South America

This study identifies the advancements in drilling techniques, seismic imaging, and reservoir management technologies as one of the prime reasons driving the underground gas storage market growth during the next few years. Also, development of gas trading hubs and integration of renewable energy with underground gas storage will lead to sizable demand in the market.

The report on the underground gas storage market covers the following areas:

Underground gas storage market sizing
Underground gas storage market forecast
Underground gas storage market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading underground gas storage market vendors that include AtkinsRealis Group Inc, Cardinal Gas Storage, Centrica Plc, China National Petroleum Corp., Chiyoda Corp., Costain Group Plc, EARTHWORKS, Enbridge Inc., ENGIE SA, HOT Engineering GmbH, Japan Petroleum Exploration Co. Ltd., KAPPA Engineering, Koninklijke Vopak NV, Mitsubishi Heavy Industries Ltd., NAFTA as, Samsung Electronics Co. Ltd., SGS SA, TC Energy, Tetra Tech Inc., and Uniper SE. Also, the underground gas storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71858

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Underground Gas Storage Market 2018 - 2022
- Historic Market Size - Data Table on Global Underground Gas Storage Market 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Depleted fields - Market size and forecast 2023-2028
- Chart on Depleted fields - Market size and forecast 2023-2028 ($ million)
- Data Table on Depleted fields - Market size and forecast 2023-2028 ($ million)
- Chart on Depleted fields - Year-over-year growth 2023-2028 (%)
- Data Table on Depleted fields - Year-over-year growth 2023-2028 (%)
6.4 Aquifer reservoir - Market size and forecast 2023-2028
- Chart on Aquifer reservoir - Market size and forecast 2023-2028 ($ million)
- Data Table on Aquifer reservoir - Market size and forecast 2023-2028 ($ million)
- Chart on Aquifer reservoir - Year-over-year growth 2023-2028 (%)
- Data Table on Aquifer reservoir - Year-over-year growth 2023-2028 (%)
6.5 Salt caverns - Market size and forecast 2023-2028
- Chart on Salt caverns - Market size and forecast 2023-2028 ($ million)
- Data Table on Salt caverns - Market size and forecast 2023-2028 ($ million)
- Chart on Salt caverns - Year-over-year growth 2023-2028 (%)
- Data Table on Salt caverns - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Natural gas - Market size and forecast 2023-2028
- Chart on Natural gas - Market size and forecast 2023-2028 ($ million)
- Data Table on Natural gas - Market size and forecast 2023-2028 ($ million)
- Chart on Natural gas - Year-over-year growth 2023-2028 (%)
- Data Table on Natural gas - Year-over-year growth 2023-2028 (%)
7.4 Hydrogen - Market size and forecast 2023-2028
- Chart on Hydrogen - Market size and forecast 2023-2028 ($ million)
- Data Table on Hydrogen - Market size and forecast 2023-2028 ($ million)
- Chart on Hydrogen - Year-over-year growth 2023-2028 (%)
- Data Table on Hydrogen - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Ukraine - Market size and forecast 2023-2028
- Chart on Ukraine - Market size and forecast 2023-2028 ($ million)
- Data Table on Ukraine - Market size and forecast 2023-2028 ($ million)
- Chart on Ukraine - Year-over-year growth 2023-2028 (%)
- Data Table on Ukraine - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 AtkinsRealis Group Inc
- AtkinsRealis Group Inc - Overview
- AtkinsRealis Group Inc - Business segments
- AtkinsRealis Group Inc - Key offerings
- AtkinsRealis Group Inc - Segment focus
12.4 Cardinal Gas Storage
- Cardinal Gas Storage - Overview
- Cardinal Gas Storage - Product / Service
- Cardinal Gas Storage - Key offerings
12.5 Centrica Plc
- Centrica Plc - Overview
- Centrica Plc - Business segments
- Centrica Plc - Key offerings
- Centrica Plc - Segment focus
12.6 Chiyoda Corp.
- Chiyoda Corp. - Overview
- Chiyoda Corp. - Business segments
- Chiyoda Corp. - Key news
- Chiyoda Corp. - Key offerings
- Chiyoda Corp. - Segment focus
12.7 EARTHWORKS
- EARTHWORKS - Overview
- EARTHWORKS - Product / Service
- EARTHWORKS - Key offerings
12.8 Enbridge Inc.
- Enbridge Inc. - Overview
- Enbridge Inc. - Business segments
- Enbridge Inc. - Key news
- Enbridge Inc. - Key offerings
- Enbridge Inc. - Segment focus
12.9 ENGIE SA
- ENGIE SA - Overview
- ENGIE SA - Business segments
- ENGIE SA - Key news
- ENGIE SA - Key offerings
- ENGIE SA - Segment focus
12.10 Japan Petroleum Exploration Co. Ltd.
- Japan Petroleum Exploration Co. Ltd. - Overview
- Japan Petroleum Exploration Co. Ltd. - Business segments
- Japan Petroleum Exploration Co. Ltd. - Key offerings
- Japan Petroleum Exploration Co. Ltd. - Segment focus
12.11 KAPPA Engineering
- KAPPA Engineering - Overview
- KAPPA Engineering - Product / Service
- KAPPA Engineering - Key offerings
12.12 Mitsubishi Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd. - Overview
- Mitsubishi Heavy Industries Ltd. - Business segments
- Mitsubishi Heavy Industries Ltd. - Key news
- Mitsubishi Heavy Industries Ltd. - Key offerings
- Mitsubishi Heavy Industries Ltd. - Segment focus
12.13 NAFTA as
- NAFTA as - Overview
- NAFTA as - Product / Service
- NAFTA as - Key offerings
12.14 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
12.15 SGS SA
- SGS SA - Overview
- SGS SA - Business segments
- SGS SA - Key news
- SGS SA - Key offerings
- SGS SA - Segment focus
12.16 TC Energy
- TC Energy - Overview
- TC Energy - Product / Service
- TC Energy - Key offerings
12.17 Tetra Tech Inc.
- Tetra Tech Inc. - Overview
- Tetra Tech Inc. - Business segments
- Tetra Tech Inc. - Key offerings
- Tetra Tech Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations