Transparency Market Research includes new market research report "Gas Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 10/17/2014 -- The global gas market represents a marketplace that operates under exponentially increasing demands. Slight changes in the geopolitical environment or regulatory concerns have a direct impact on the global gas market. The high rise in global population has exerted an added pressure through rising demands on the already stringent environment of the global gas market. Rising population brings with it the need for more energy resources of products such as natural gas.
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Global Gas Market – Overview
The demand has further elevated by the rapid growth of the automobile industry and rising efforts of urbanization in the past few decades on a global front. The expanding petrochemical industry has also lead to added demands for gas. For several decades, gas has fulfilled the energy requirements of millions. Gas has been pumped directly to domestic households and business for meeting their energy demands.
In all the past decades, gas has been able to establish itself as a commodity used almost as extensively as coal for energy production. The global gas market represents an industry that will no sooner observe demand declines. However its progress and growth is plagued by a myriad of factors, such as the depleting gas reserves from all over the world, and the fear of CO2 emissions through the use of gas, a factor that has made way to many regulatory norms governing the gas market.
The undying hunger for power has led nations in pumping huge money in the global search for new sources of gas reserves. However, the fact remains that most developing countries depend on foreign forces for gas supplies, leading to enormous instability to the market demographics, and intensified competition among gas manufacturers. As demand from developing nations for increasingly high volumes of gas continue to soar, more and more companies are vying to grab these lucrative regional markets through intensified efforts of finding newer gas sources.
But the global gas market will remain affected due to tightening regulatory concerns over the fact of enormous CO2 produced by the process of gas recovery and processing and the globally intensifying strict mandates for shifting to renewable energy sources.
Nevertheless, the global gas market will continue to grow in every possible way through all these barriers, and continue to rule the industry of power generation due to the undeniable fact that power is one of the basic necessities of every industry, every innovation and every household. Though, it will find innovative ways to continue its rule – such as through the introduction of natural gas, which is a relatively cleaner fuel and has better efficiency as compared to other energy sources.
Gas Market – Segmentation
The global gas market covers a variety of atmospheric gases which find applications in a number of end user applications such as commercial, residential, power generation and industrial sectors. However majorly, the global gas market revolves around the availability, sourcing and processing of most important atmospheric gases - oxygen, hydrogen, ammonia, argon and nitrogen.
Specific industries require specific atmospheric gases, for instance, the aerospace industry requires liquid oxygen and liquid hydrogen for fueling rockets.
Gas Market – Key Market Players
Most abundant sources of gas are found in countries from the Middle East. Russia has the second most abundant sources of natural gas throughout the world. Leading companies that rule this extremely lucrative industry include Baker Hughes Incorporated, BP Plc., Chesapeake Energy Corporation, Canyon Services Group Incorporated, ExxonMobil/ XTO Energy, Calfrac Well Services Ltd., Halliburton Company, Quicksilver Resources Incorporated, San Leon Energy Plc., Talisman Energy Incorporated, Schlumberger Ltd., Trican Well Services Ltd., Southwestern Energy Company, Devon Energy Corporation, and Ultra Petroleum Corporation, among others.
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