Transparency Market Research Report Added "Gas Market" to its database.
Albany, NY -- (SBWIRE) -- 01/06/2015 -- The slightest change in geopolitical conditions or the regulatory environment reflects on the global gas market. The global gas market research report thus serves as an effective tool to help market players gain visibility into the future, and anticipate any changes or threats. The comprehensive report splits the global gas market into key segments and geographies, and studies each of these in detail. This report features a comprehensive analysis of defining market trends, growth drivers and inhibitors in the industry (both existing and projected), the structure of the market, capacity of the overall market globally and by region, as well as projections for the forecast period of the report.
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This research report on the global gas market is composed of market intelligence collated using secondary and primary research methods, interviews with key opinion leaders, Porter's five forces analysis, and detailed company profiles. All pertinent macro and micro factors that will influence the dynamics of the global gas market have been studied in detail in this report. Thus, this report serves as a complete investment for both existing market players and new entrants.
Overview of the global gas market
A growing population is exerting immense pressure on the global economy, and is fuelling the need for more energy and resources. This population explosion has aggressively driven up the demand for gas as a source of energy. This demand has been further pushed by a rapid growth in the automobile sector, expanding cities and urbanization efforts, a pressing need for power generation, as well as the expansion of the petrochemical industry. For several decades now, gas has been pumped to millions of houses and businesses worldwide to meet their power requirements. So much so, that gas has become one of the most extensively used energy sources along with coal. While the demand for gas is not expected to witness a dip anytime soon, the supply dynamics of the global gas market will be constrained given that gas reserves worldwide are depleting.
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Even as millions of dollars are being pumped into discovering new gas reserves, the fact remains that developing countries-with an immense hunger for power-are dependent on foreign sources for procuring gas. Moreover, the global gas market will also be adversely affected by the stringent CO2 emission norms that have come into play. Intensifying stringent mandates for renewable energy is yet another factor that will eat into the share of the global gas market.
Thus, the demand for gas will continue to soar on account of the growth in population as well as other applications that rely on the availability of energy. Within the global gas market, natural gas is a segment that will record the fastest growth as it offers the advantage of being a clean fuel and shows better efficiency as compared to other types of fuel.
Segmentation of the global gas market
The report studies major types of gases that exist within the global gas market. For instance, steel production relies heavily on the availability of the three key atmospheric gases - nitrogen, oxygen, and argon. The aerospace industry requires liquid hydrogen and liquid oxygen to fuel rockets. Other industries such as tire recycling, breweries and consumer goods have a significant demand for nitrogen. Further, gases such as ammonia are central to industries such as fertilizers, urea, amines, nitric acid, and hydrazine production. Ammonia also finds applications in surgical procedures and anesthetics.
By end-use application, the global gas market is segmented as: residential, commercial, industrial, and power generation.
Companies mentioned in the global gas market research report
Leading companies that have been profiled in this market research report include: Canyon Services Group Incorporated, Baker Hughes Incorporated, Calfrac Well Services Ltd., BP Plc, Chesapeake Energy Corporation, ExxonMobil/ XTO Energy, Devon Energy Corporation, Halliburton Company, San Leon Energy Plc, Quicksilver Resources Incorporated, Schlumberger Ltd., Talisman Energy Incorporated, Southwestern Energy Company, Ultra Petroleum Corporation, and Trican Well Services Ltd.
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