What is Residential Gas Market Scope?
The residential sector uses gas to heat buildings and water, to cook, and to dry clothes. The gas supplied and used in homes is natural gas (methane) via gas mains, LPG via gas tanks although the energy content can vary from country to country. CNG and even biogas are also used in some places.LPG is the gas in a cooking gas cylinder that is primarily used as cooking fuel. Natural gas used in homes most frequently in the United States. In 2018, the United States accounted for about 17% of the total U.S. natural gas consumption in the residential sector.
The Residential Gas market study is being classified by Type (Natural Gas, LPG (Liquefied Petroleum Gas) and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from Chinese will contribute to the maximum growth of Global Residential Gas market throughout the predicted period.
China Petrochemical Corporation (Sinopec Group) (China), China National Petroleum (China), Royal Dutch Shell (Netherlands), Saudi Aramco (Saudi Arabia), Total (France), Gazprom (Russia), China Resources Gas (Hong Kong), China Gas Holdings Ltd. (Hong Kong), ENN Energy Holdings Limited (China) and Tianjin Energy Investment Co Ltd (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Residential Gas market by Type, Application and Region.
On the basis of geography, the market of Residential Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In Oct 2019, Total, the world's second-largest LNG player, expands its partnership with the Adani Group; the largest energy and infrastructure conglomerate in India, to contribute to the development of the Indian natural gas market.
In 2018, the residential sector accounted for about 17% of total U.S. natural gas consumption, and natural gas was the source of about 24% of the U.S. residential sector's total energy consumption.
Influencing Market Trend
- Adaptation of Technological Advancements in Natural Gas Extraction Methods in Developed Countries
- Continuous Research and Development Gas Filtration Market
Market Drivers
- Growth in Urbanization in Developing Countries
- Availability of Gas Supply Network & Infrastructure in Developed Nations
Opportunities
- Upsurging Consumption of Products for Heating, Cooking Purposes
- Growth in the Residential Construction Industry in Developing Countries
Restraints
- Adverse Impact as it Non-Renewable Sources of Energy
Challenges
- Risk of Pipeline Network Failure
Key Target Audience
Gas Distributor/Supplier, Government Agencies, Government Bodies and Associations, End-User and Others
Customization available in this Study:
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