The report predicts the global natural gas storage system market to grow with a healthy CAGR over the forecast period of 2018-2024. The study on natural gas storage system market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024. The natural gas is vastly used in the automobile industry as alternative fuel. The rapidly growing demand of natural gas across the world owing to the increasing demand for fuels for industrial applications and transportation are the key factors driving the growth of the market worldwide. The production and exploration of natural gas is time consuming process so the stored natural gas is able to fulfil the requirements of natural gas that are likely to boost the demand of natural gas storage system market. In addition, the growing production of natural gas is creating huge demand of natural gas storage systems, which is escalating the growth of natural gas storage market. However, the strict government regulations on the safety of natural gas storage system may hamper the growth of the market. The natural gas storage imposes high risk and the construction of storage and operation facilities for the gas storage is quite challenging. A small mistake can create huge and massive problems in the case of natural gas storage. Moreover, the rapidly growing demand of natural gas for applications and vast production of natural gas are expected to crates several opportunities for the market over the forecast period. Companies Profiled
John Wood Group PLC
Mitsubishi Heavy Industries Ltd.
Rockpoint Gas Storage
Cardinal Gas Storage Partners
Key Topics Covered
2. Executive Summary
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3. Global Natural Gas Storage System Market Overview
4. Natural Gas Storage System Market Macro Indicator Analysis
5. Global Natural Gas Storage System Market by Type
6. Global Natural Gas Storage System Market by Region 2018-2024
ResearchAndMarkets.com Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Pipelines, Natural Gas