Global Gas Hydrates Market Overview:
Gas hydrates are crystalline structures containing natural gases like methane, ethane and others. These hydrates are found in deep sea sediments and permafrost areas. Gas hydrates, which are found in large quantities in areas such as the Arctic, Gulf of Mexico, South China Sea, and offshore Japan and India and emerging as an alternative energy source. As the world's population and industrial activity rise, the demand for unconventional energy sources such as gas hydrates, which are used to augment conventional fossil fuels is expected to drive the market. Further, ongoing research and development activities are making significant progress in extraction technology, eventually overcoming the technological obstacles of utilizing this immense resource.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Developments in Remote Sensing, Autonomous Underwater Vehicles (AUVs), and Subsea Engineering and Advances in Drilling, Extraction, And Gas Separation Technologies
Market Growth Drivers:
Increasing Global Energy Consumption and Preference Towards Alternative Energy Sources and Use of Gas Hydrates for Carbon Sequestration
Challenges:
Risk of Technological Failure and Limited Infrastructure
Restraints:
Challenges in Extraction of Gas Hydrates from Offshore Environments Due To Seafloor Stability
Opportunities:
Support and Investment From Government in Research and Development of Gas Hydrate Extraction Technologies
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Oil and Natural Gas Corporation Limited (India), CNPC (China), ExxonMobil Corporation (United States), Schlumberger (United States), TotalEnergies SE (France), Korea National Oil Corporation (South Korea), ConocoPhillips (United States), Mitsui & Co., Ltd (Japan), Indian Oil Corporation Limited (India) and BP p.l.c. (United Kingdom). Considering Market by Origin, the sub-segment i.e. Seabed will boost the Gas Hydrates market.
What Can be Explored with the Gas Hydrates Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gas Hydrates Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gas Hydrates
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gas Hydrates market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gas Hydrates market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Gas Hydrate Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.