LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global gas utilities market since 2018 and the market is poised to grow by USD 288.92 billion during 2019-2023, progressing at a CAGR of more than 4% during the forecast period. Request free sample pages
Read the 137-page report with TOC on “Gas Utilities Market Analysis Report by End-Users (power generation, residential and commercial, industrial, and others), Geography (the Americas, APAC, and EMEA), and the Segment Forecasts, 2019-2023”.
The market is driven by the rise in global carbon emissions. In addition, the rise in natural gas production from unconventional sources is anticipated to boost the growth of the gas utilities market.
Rising concerns over carbon emissions have increased the need for decarburizing the transportation, industrial, and power generation sectors. This has increased the adoption of clean energy sources, such as natural gas to produce energy. With the growing need for energy across the world, the demand for natural gas will increase during the forecast period. These factors will have a positive impact on the growth of the market.
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Duke Energy Corp. owns and operates its business across various segments such as Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, Commercial Renewables, and Other. The company provides natural gas distribution services to more than 1.60 million customers in Ohio, Kentucky, Tennessee, and the Carolinas in the US.
ENGIE SA owns and operates its business across various segments such as North America, Latin America, Africa/Asia, Benelux, France, Europe (excluding France and Benelux), Infrastructures Europe, Global Energy Management, and Other. The company transports natural gas to end-consumers through its own distribution networks.
PetroChina Co. Ltd. owns and operates its business across various segments such as Exploration and Production, Refining and Chemicals, Marketing, Natural Gas and Pipeline, and Head Office and Other. The company supplies natural gas to various end-users for a wide range of applications.
PJSC Gazprom owns and operates its business across various segments such as Production of gas, Transportation, Distribution of gas, Gas storage, Production of crude oil and gas condensate, Refining, Electricity and heat generation, and All other segments. The company ensures sustained gas supplies in Russia while increasing sales profitability.
Southern Co. owns and operates its business across various segments such as Electric Utilities, Southern Company Gas, and All Other. The company distributes natural gas to various end-users for a wide range of applications.
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Gas Utilities End-Users Outlook (Revenue, USD Billion, 2019 - 2023)
Gas Utilities Regional Outlook (Revenue, USD Billion, 2019 - 2023)
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