Market Overview

The Global Natural Gas Storage Market was valued at USD 349,530.5 million in 2023 and is expected to reach USD 618,755.9 million by 2031 while growing at a CAGR of 7.4% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global natural gas storage market growth. Natural gas storage involves storing gas underground or in above-ground facilities during low-demand periods and withdrawing it during high demand. This practice balances consumption fluctuations, ensuring a stable supply for consumers, industries, and power plants.

Increasing global demand for natural gas and the expanding liquefied natural gas (LNG) trade are driving growth in the natural gas storage market. However, obstacles like high initial capital costs and regulatory challenges may hinder market expansion.

Furthermore, the global natural gas storage industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Natural Gas Storage Market is segmented among Underground Storage, and Above-Ground Storage, based on Type. In 2023, Underground Storage accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Natural Gas Storage Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are China National Petroleum Corporation, Chiyoda Corporation, Costain Group PLC, Enbridge Inc., Engie SA, Gazprom PAO, John Wood Group PLC, Koninklijke Vopak N.V., NAFTA a.s., and Uniper SE.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Natural Gas Storage Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Natural Gas Storage Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Natural Gas Storage Market Segmentation, By Type   

• Global Natural Gas Storage Market Share Analysis, By Type   

• Global Natural Gas Storage Market Growth Analysis, By Type   

• Global Natural Gas Storage Market Trends, By Type   

o Underground Storage

o Above-Ground Storage

6. Global Natural Gas Storage Market Segmentation, By Region

• Global Natural Gas Storage Market Share Analysis, By Region

• Global Natural Gas Storage Market Growth Analysis, By Region

• Global Natural Gas Storage Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• China National Petroleum Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Chiyoda Corporation

• Costain Group PLC

• Enbridge Inc.

• Engie SA

• Gazprom PAO

• John Wood Group PLC

• Koninklijke Vopak N.V.

• NAFTA a.s.

• Uniper SE

 *Similar analysis will be provided for each company listed above.