Global Household Natural Gas Distribution Market Report 2023: Rising Demand for Natural Gas Fuels Growth

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06 Jun, 2023, 13:30 ET

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DUBLIN, June 6, 2023 /PRNewswire/ -- The "Household Natural Gas Distribution Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global household natural gas distribution market is expected to grow from $169.49 billion in 2022 to $179.20 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The household natural gas distribution market is expected to reach $223 billion in 2027 at a CAGR of 5.6%.

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Household natural gas distribution refers to the distribution systems composed of mains and services pipelines that carry the gas from the meter stations throughout the distribution systems. They are used to heat buildings and water, to cook, and to dry clothes. The main household natural gas distribution types are pipelines and lng vessels. A pipeline is a big pipe used to transport gas or oil over great distances, frequently underground. The various types of operators are public operator and private operator and the sources are conventional gas and unconventional gas.Product innovation is a key trend gaining popularity in the household natural gas distribution market. Major companies operating in household natural gas distribution are focused on developing innovative solutions to strengthen their position in the market.

For instance, in December 2022, ABB Ltd., a Switzerland-based automation company, launched the Sensi+ technological product for natural gas quality monitoring. This new solution simplifies and reduces the cost of pipeline operation and maintenance. It enables safer, easier, and more efficient pipeline monitoring and operations through a single device that can analyse up to three contaminants in any natural gas stream accurately and in real time and that provides experts with actions and insights directly from the device.

Capabilities include built-in self-diagnostics, automated laser line-locking, and real-time cross-interference compensation, which will help natural gas pipeline operators.In December 2022, BP Plc., a UK-based oil and gas company, acquired Archaea Energy Inc. for $4.1 billion. By acquiring Archaea, BP would strengthen its position in the US biogas market, improving its capacity to support customers' decarbonization objectives and advancing its ambition to lower the typical carbon intensity of the energy products it sells. Archaea Energy Inc., is a US-based biogas company involved in production and distribution of natural gas.Asia-Pacific was the largest region in the household natural gas distribution market in 2022. The regions covered in household natural gas distribution report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The countries covered in the Household household natural gas distribution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.The rising demand for natural gas is expected to propel the growth of the household natural gas distribution market going forward. Natural gas refers to a naturally occurring mixture of gaseous hydrocarbons, mainly methane but also including a number of other higher alkanes in smaller amounts. In household application, natural gas is used to heat a home and supply the energy source for cooking, clothes drying, and water heating using it with the appropriate appliances. The rise in applications of for natural gas for household purposes will increase the demand for sehold natural gas distribution services, and will propel the growth of market.

For instance, in November 2022, according to a report shared by the US Energy Information Administration., a US-based government agency, natural gas consumption in the US grew by 3.6 percent in 2021 compared with 2020. And US natural gas exports established a new record in 2021 with the averaging of 10.5 billion cubic feet per day. Further, in 2021, the US used about 30.66 trillion cubic feet (Tcf) of natural gas. These numbers are expected to rise in the future. Therefore, the rising demand for natural gas is driving the growth of the household natural gas distribution market.The household natural gas distribution market includes revenues earned by entities by providing services such as processing, transportation, and storage. 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.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.Key Topics Covered: 1. Executive Summary2. Household Natural Gas Distribution Market Characteristics3. Household Natural Gas Distribution Market Trends And Strategies4. Household Natural Gas Distribution Market - Macro Economic Scenario4.1. COVID-19 Impact On Household Natural Gas Distribution Market4.2. Ukraine-Russia War Impact On Household Natural Gas Distribution Market4.3. Impact Of High Inflation On Household Natural Gas Distribution Market5. Household Natural Gas Distribution Market Size And Growth5.1. Global Household Natural Gas Distribution Historic Market, 2017-2022, $ Billion5.1.1. Drivers Of The Market5.1.2. Restraints On The Market5.2. Global Household Natural Gas Distribution Forecast Market, 2022-2027F, 2032F, $ Billion5.2.1. Drivers Of The Market5.2.2. Restraints On the Market6. Household Natural Gas Distribution Market Segmentation6.1. Global Household Natural Gas Distribution Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

6.2. Global Household Natural Gas Distribution Market, Segmentation By Type of Operator, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

6.3. Global Household Natural Gas Distribution Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

7. Household Natural Gas Distribution Market Regional And Country Analysis7.1. Global Household Natural Gas Distribution Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion7.2. Global Household Natural Gas Distribution Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/jdhaqs

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