How Is The Industrial And Commercial Natural Gas Distribution Market Segmented?
The industrial and commercial natural gas distribution market covered in this report is segmented –
1) By Type: Industrial Natural Gas Distribution, and Commercial Natural Gas Distribution
2) By Source: Associated Gas, Non Associated Gas, Unconventional Sources
3) By End User: Light Duty Vehicles, Medium Or Heavy Duty Buses, Medium Or Heavy Duty Trucks
Subsegments:
1) By Industrial Natural Gas Distribution: Manufacturing Facilities, Power Generation Plants, Chemical Processing Plants, Oil Refineries
2) By Commercial Natural Gas Distribution: Retail Stores, office buildings, Restaurants And Food Services, Hotels And Hospitality Venues
What Is Driving The Industrial And Commercial Natural Gas Distribution Market? Rising Commercial Demand Drives The Industrial And Commercial Natural Gas Distribution Market
The growth in the industrial and commercial natural gas distribution market is due to the higher disposable income, and rising demand from commercial customers. The rising demand from commercial customers is expected to propel the growth of the industrial and commercial natural gas distribution market going forward. A commercial customer is a customer who performs or produces a service or product that is a source of revenue to the customer. Commercial customers use natural gas for household purposes such as cooking and operating refrigeration and cooling equipment. For instance, in 2023, according to the American Gas Association (AGA), an American not-for-profit nationwide association for public & community-owned natural gas utilities, there were 5.62 million commercial consumers or businesses that depended on natural gas. Therefore, rising demand from commercial customers is driving the growth of the natural gas distribution market.
What Is Driving The Industrial And Commercial Natural Gas Distribution Market? Rising Urbanization Fueling Industrial And Commercial Natural Gas Distribution Market
Rising urbanization is expected to propel the industrial and commercial natural gas distribution market going forward. Urbanization refers to the process of increasing the population concentration in urban areas, typically resulting from rural-to-urban migration and natural population growth within cities and towns. Industrial and commercial natural gas distribution plays a crucial role in urbanization by providing a clean and efficient energy source for a wide range of applications in urban areas. It supports the heating, cooling, and power generation needs of commercial buildings, industries, and residential complexes, contributing to the growth and development of cities. For instance, in October 2022, the World Bank, a US-based international financial institution published an article that said globally, over 50% of the population lives in urban areas in 2022. By 2045, the world's urban population is expected to increase by 1.5 times to 6 billion. Therefore, the rising urbanization is driving the industrial and commercial natural gas distribution market.
Who Are The Major Players In The Global Industrial And Commercial Natural Gas Distribution Market?
Major companies operating in the industrial and commercial natural gas distribution market include Ultrapar Participacoes SA, Air Liquide SA, Korea Gas Corp., Sempra Energy, National Grid plc, Dominion Energy Inc., Enbridge Inc., Southern Company Gas, Atmos Energy Corporation, ONEOK Inc., CenterPoint Energy Inc., DTE Energy Company, Xcel Energy Inc., Duke Energy Company, Southwest Gas Holdings Inc., Spire Inc., New Jersey Resources Corporation, Northwest Natural Holding Company, South Jersey Industries Inc., Eversource Energy, Chesapeake Utilities Corporation, Black Hills Corporation, AltaGas Ltd., Emera Incorporated, Connecticut Natural Gas Corporation., Avista Corporation, MDU Resources Group Inc., Summit Utilities Inc., UGI Utilities Inc.
What Are The Key Trends Of The Global Industrial And Commercial Natural Gas Distribution Market? Establishment Of New City Gas Distribution Plants
The establishment of new city gas distribution plants is the key trend gaining popularity in the industrial and commercial natural gas distribution market. Major companies operating in the market are introducing gas distribution plants in every city to sustain their position in the market. For instance, in January 2022, Bharat Petroleum Corporation Ltd (BPCL), an India-based petrol and gas distribution company, launched city gas distribution networks in 6 cities throughout India which helps in the easy supply of natural gas. Bharat Petroleum invested INR 10000 cores in developing this project.
What Are The Key Trends Of The Global Industrial And Commercial Natural Gas Distribution Market? Strategic Agreements To Transform The Market
Major players in the industrial and commercial natural gas distribution market are entering into strategic agreements to gain an advantage. Strategic agreements are established with a defined purpose and shared objectives to achieve mutual benefits and goals. For instance, in October 2023, Entergy, a US-based integrated energy company, announced an agreement to sell its gas distribution business to Bernhard Capital Partners, a US-based services and infrastructure-focused private equity firm. The transaction is part of Entergy's larger strategy change to concentrate on its regulated electric utility sector.
Regional Outlook For The Global Industrial And Commercial Natural Gas Distribution Market
Asia-Pacific was the largest region in the industrial and commercial natural gas distribution market in 2024. The regions covered in the industrial and commercial natural gas distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The countries covered in the industrial and commercial natural gas distribution market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Industrial And Commercial Natural Gas Distribution Market?
The industrial and commercial natural gas distribution market includes revenues earned by maintaining and operating gas pipelines and facilities up to the residential gas meter. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Industrial And Commercial Natural Gas Distribution Industry?
The industrial and commercial natural gas distribution market research report is one of a series of new reports from The Business Research Company that provides industrial and commercial natural gas distribution market statistics, including industrial and commercial natural gas distribution industry global market size, regional shares, competitors with an industrial and commercial natural gas distribution market share, detailed industrial and commercial natural gas distribution market segments, market trends and opportunities, and any further data you may need to thrive in the industrial and commercial natural gas distribution industry. This industrial and commercial natural gas distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
