About Urban Gas
Urban gas is used primarily for residential and commercial heating, electric power generation, and industrial heat processes. Gas production in the US, Canada, Australia, China, and Argentina is responsible for the majority of net production growth. The International Energy Agency (IEA) has projected that gas consumption will grow by at least 1.6% per year over the coming decades.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Urban Gas market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sino Gas & Energy (China), Xinjiang Haoyuan Natural Gas Co. Ltd (China), Hohhot Zhongran Urban Fuel Gas Development Co. (China), Shenzhen Gas Corp Ltd. (China) and CF Energy Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Urban Gas market by Type (Natural Gas, Manufactured Gas and Liquefied Petroleum Gas (LPG)), Application (Residential, Commercial, Automotive and Others) and Region.
On the basis of geography, the market of Urban 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). If we see Market by Distribution Channel, the sub-segment i.e. Gas Cylinders will boost the Urban Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Sustainable Fuel Alternatives for Transport
Market Growth Drivers:
Increasing Power Demand Owing To Continuous Population Growth and Urbanization in Developing Nations and Availability of Gas Supply Network & Infrastructure in Developed Nations Enabling Market Growth
Challenges:
Risk of Pipeline Network Failure
Restraints:
Limited Domestic Pipeline Interconnections in Developing Countries and Price Volatility
Opportunities:
Coal to Gas Switching In Buildings and Industries to Adopt Clean Energy Resources and Increasing Adoption of Gas Powered Vehicles to Curtail Air Pollution
Market Leaders and their expansionary development strategies
In August 2023, Urban Partners, the platform of vision-aligned investment verticals shaped around urban problem solving, has raised a further €263 million for ‘Nrep Income+’ taking total equity raised to date to €1.85 billion. Nrep Income+ is an open-ended fund which has a long-term investment strategy mainly focused on modern logistics facilities, residential for rent, and care homes in the Nordics.
In March 2024, The Jameel C40 Urban Planning Climate Lab aims to help Chennai Metropolitan Development Authority (CMDA) in revising its master planning documents by better integrating climate objectives and adapting to climate risks. CMDA is currently engaged in a process to develop a Third Master Plan (2026-2046) focused on building climate resilience and improving the adaptive ability of the Chennai Metropolitan Area.
Key Target Audience
Gas Distributor/Supplier, Government Agencies, Government Bodies and Associations, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.