Natural gas fell to 3.25 USD/MMBtu on July 22, 2025, down 2.13% from the previous day. Over the past month, Natural gas's price has fallen 14.59%, but it is still 48.80% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Gasoline fell to 2.11 USD/Gal on July 24, 2025, down 0.25% from the previous day. Over the past month, Gasoline's price has risen 1.48%, but it is still 14.39% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on July of 2025.

UK Gas rose to 80.18 GBp/thm on July 22, 2025, up 0.69% from the previous day. Over the past month, UK Gas's price has fallen 16.23%, but it is still 10.44% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

TTF Gas fell to 32.37 EUR/MWh on July 24, 2025, down 1.76% from the previous day. Over the past month, TTF Gas's price has fallen 8.56%, but it is still 1.12% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-07-21 about gas, commodities, and USA.

Future sea level projections are provided for the Massachusetts coastline at established tide gauge stations with long-term records at Boston Harbor, MA; Nantucket, MA; Woods Hole, MA; and Newport, RI. The projections shown in this map layer are adjusted to each station’s mean sea level and converted to the North American Vertical Datum of 1988 (NAVD88).

The analysis for Massachusetts (DeConto and Kopp, 2017) consisted of a probabilistic assessment of future relative sea level rise at each tide gauge location given two future atmospheric greenhouse gas concentration pathways, medium (RCP4.5) and high (RCP8.5), and for two methods of accounting for Antarctic ice sheet contributions to sea level rise: one based on expert elicitation (Kopp, 2014) and one where Antarctic ice sheet projections are driven by new, process-based numerical ice sheet model simulations (DeConto and Pollard, 2016; Kopp, 2017). A multi-year reference time period for relative sea level was used to minimize biases caused by tidal, seasonal, and inter-annual climate variability, following the accepted practice of using a 19-year tidal datum epoch centered on the year 2000 as the ‘zero’ reference for changes in relative sea level rise. To account for the ‘zero’ reference point utilized for the models and to provide elevations on a common geodetic datum, sea level rise model projection values at each tidal station were adjusted to the station’s mean sea level as computed for the 19 year tidal datum epoch of 1999-2017 and converted to NAVD88.

Following the approach in the 2017 National Climate Assessment and the National Oceanic and Atmospheric Administration’s Global and Regional Sea Level Rise Scenarios for the United States, conditional probability distributions for sea level rise projections can be integrated into different scenarios to support planning and decision-making, given uncertainty and future risks. This approach allows for the many different probabilistic projections (i.e., two models each using two greenhouse gas concentration pathways for multiple time series and several probabilities groups) to be filtered into four scenarios. Under this approach, each of the scenarios—Intermediate, Intermediate-High, High, and Extreme—is cross-walked with two or three probabilistic model outputs

On their own, while they are not site-specific projections of mean higher high water levels, these projections provide insight to overall trends in rising sea levels along the Commonwealth coastline, to help coastal municipal officials and workshop participants identify future hazards exacerbated by rising seas.

(For definitions of scenarios and projections shown in this map please reference the section on sea level rise beginning on page 11 of this 2018 report.)

*Please Note that the MA temperature and precipitation projections in this 2018 report have been superseded by those sourced from Cornell University and featured in this map viewer and the Climate Projections Dashboard: Massachusetts Climate and Hydrologic Risk Project (Phase 1) – Stochastic Weather Generator Climate Projections Dataset

United States Natural Gas Production: Gross Withdrawals data was reported at 3,178.843 Cub ft bn in Aug 2018. This records an increase from the previous number of 3,106.695 Cub ft bn for Jul 2018. United States Natural Gas Production: Gross Withdrawals data is updated monthly, averaging 1,985.836 Cub ft bn from Jan 1980 (Median) to Aug 2018, with 464 observations. The data reached an all-time high of 3,178.843 Cub ft bn in Aug 2018 and a record low of 1,449.958 Cub ft bn in Sep 1986. United States Natural Gas Production: Gross Withdrawals data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB010: Natural Gas Production.

Fuel Gas Conditioning Skid Market Outlook

The global fuel gas conditioning skid market size was valued at USD 464 million in 2023 and is projected to reach USD 842 million by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. One of the primary growth factors for this market is the increasing demand for clean and efficient fuel gas treatment systems in various industries to meet stringent environmental regulations.

The demand for fuel gas conditioning skids is driven by the necessity to improve the efficiency and reliability of gas turbines in power generation. These skids effectively remove contaminants and moisture from fuel gas, ensuring optimal performance and longevity of turbines. Additionally, the global shift towards cleaner energy sources has led to heightened interest in natural gas, further propelling the need for advanced conditioning systems. With countries aiming to reduce their carbon footprints, the adoption of these systems in industrial processes is expected to grow substantially.

Moreover, the oil and gas industry significantly contributes to the market's growth. The sector's need for reliable fuel gas conditioning solutions is paramount to maintaining operational efficiency and safety standards. As exploration and production activities increase, especially in emerging economies, the demand for conditioning skids is set to rise. Technological advancements in skid designs, which offer customization and higher efficiency, are also boosting market adoption. Companies are heavily investing in research and development to achieve more effective and cost-efficient solutions.

Another notable growth factor is the ongoing industrialization in developing countries. Rapid industrial growth demands efficient fuel gas systems to support various manufacturing processes. Industrial plants require high-quality fuel gas to ensure smooth operations and meet environmental compliance. The rise in industrial activities, coupled with governmental initiatives to curb emissions, is likely to enhance the market's expansion. Additionally, increasing investments in infrastructure development, particularly in power generation and chemical processing plants, further drive the market.

Natural Gas Treatment plays a pivotal role in the effectiveness of fuel gas conditioning skids. As industries increasingly pivot towards natural gas as a cleaner energy source, the treatment of this gas becomes crucial to ensure its suitability for use in various applications. The treatment process involves removing impurities and ensuring the gas meets specific quality standards, which is essential for the optimal performance of fuel gas conditioning skids. This not only enhances the efficiency of gas turbines but also extends their operational life by preventing damage from contaminants. As the demand for natural gas rises, the importance of advanced treatment solutions becomes even more pronounced, driving innovation and investment in this area.

Regionally, North America and Europe have historically dominated the market due to well-established industrial sectors and stringent environmental regulations. However, Asia Pacific is expected to witness the highest growth rate during the forecast period. This growth can be attributed to rapid urbanization, growing industrial activities, and increasing energy demand in countries like China and India. Government initiatives and investments in cleaner energy projects in these regions are likely to further boost market growth.

Type Analysis

The fuel gas conditioning skid market by type is segmented into standard skid and custom skid. The standard skid segment holds a significant share in the market due to its widespread applicability across various industries and ease of installation. Standard skids are pre-engineered solutions that offer a cost-effective approach for general fuel gas conditioning applications. These skids are typically preferred for their reliability and ability to meet common industry needs without extensive customization.

Custom skids, on the other hand, are gaining traction due to their tailored solutions for specific industrial requirements. Unlike standard skids, custom skids are designed based on the unique needs of the facility, considering factors like the type of gas, required pressure levels, and environmental conditions. This segment is expected to grow at a faster rate as industries increasingly seek bes

Natural Gas Meters Market Outlook

The global natural gas meters market size was valued at USD 4.5 billion in 2023 and is projected to reach USD 8.1 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period. The growth of the natural gas meters market is driven by the increasing demand for energy efficiency, the shift towards smart grid technologies, and the rising adoption of natural gas as a cleaner energy source.

One of the primary growth factors in the natural gas meters market is the global shift towards energy efficiency and sustainability. Governments and organizations worldwide are increasingly focusing on reducing carbon footprints and enhancing energy efficiency. Natural gas, being a cleaner alternative to other fossil fuels, is witnessing increased adoption, which in turn is driving the demand for efficient metering solutions. Smart gas meters, which provide real-time data and analytics, are in high demand as they contribute to more efficient energy management and billing accuracy. This trend is expected to continue, propelling market growth in the coming years.

Another significant factor contributing to the growth of the natural gas meters market is the advancement in technology. The integration of Internet of Things (IoT) and smart grid technologies in gas meters has revolutionized the way gas consumption is monitored and managed. Smart meters offer numerous advantages over traditional meters, including remote monitoring, automated billing, and enhanced data accuracy. These technological advancements are not only improving operational efficiency but also providing consumers with better control over their energy usage, which is fostering market expansion.

The increasing urbanization and industrialization, particularly in developing regions, is also a key driver for the natural gas meters market. As urban areas expand and industrial activities grow, the demand for reliable and efficient energy sources, such as natural gas, rises. This surge in demand necessitates the installation of advanced metering infrastructure to ensure efficient distribution and consumption monitoring. Consequently, the natural gas meters market is experiencing substantial growth in regions undergoing rapid urbanization and industrialization.

From a regional perspective, North America and Europe are currently leading the market, driven by their advanced energy infrastructure and stringent regulatory frameworks aimed at promoting energy efficiency. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the region's rapid economic development, increasing energy demand, and significant investments in smart grid technologies. Countries such as China and India are at the forefront of adopting advanced metering solutions to support their expanding urban and industrial sectors.

Product Type Analysis

The natural gas meters market is segmented into various product types, including diaphragm gas meters, rotary gas meters, turbine gas meters, ultrasonic gas meters, and others. Diaphragm gas meters have been traditionally dominant in the market due to their simple design and cost-effectiveness. These meters are widely used in residential and small commercial applications where accurate measurement of low to medium gas flow is required. Despite their long-standing presence, diaphragm meters are gradually being replaced by more advanced metering technologies that offer better accuracy and additional functionalities.

Rotary gas meters are another crucial segment within the natural gas meters market. Characterized by their robust design and high accuracy, rotary meters are suitable for commercial and industrial applications where precise measurement of gas flow is critical. These meters are particularly favored in applications requiring high pressure and volume measurements. The demand for rotary gas meters is expected to remain stable, driven by their reliability and the continuous growth of commercial and industrial gas usage.

Turbine gas meters, known for their high accuracy and capability to measure large volumes of gas, are extensively employed in industrial applications. These meters are preferred in environments where consistent and high-volume gas flow measurement is essential. The industrial sector's expansion, particularly in the manufacturing and energy industries, is expected to drive the demand for turbine gas meters. Furthermore, advancements in turbine meter technology, such as improved rotor designs and enhanced data processing capabi

Primary and processed data used for research in our study "Salinity and moisture influence CO2 and CH4 emissions from high latitude coastal soils". Data were processed and analyzed using R version 4.2.2.

Since the industrial revolution began, the atmospheric abundance of key greenhouse gases have increased substantially. As of 2023, the globally averaged atmospheric abundance of carbon dioxide (CO₂) had increased by *** percent, relative to 1750. Meanwhile, the abundance of methane (CH4) had shot up by more than *** percent.

Nitrogen trifluoride (NF3) is a potent and long-lived greenhouse gas that is widely used in the manufacture of semiconductors, photovoltaic cells, and flat panel displays. Using atmospheric observations from eight monitoring stations from the Advanced Global Atmospheric Gases Experiment (AGAGE) and inverse modeling with a global 3-D atmospheric chemical transport model (GEOS-Chem), we quantify global and regional NF3 emission from 2015 to 2021. We find that global emissions have grown from 1.93 ± 0.58 Gg yr–1 (± one standard deviation) in 2015 to 3.38 ± 0.61 Gg yr–1 in 2021, with an average annual increase of 10% yr–1. The available observations allow us to attribute significant emissions to China (0.93 ± 0.15 Gg yr–1 in 2015 and 1.53 ± 0.20 Gg yr–1 in 2021) and South Korea (0.38 ± 0.07 Gg yr–1 to 0.65 ± 0.10 Gg yr–1). East Asia contributes around 73% of the global NF3 emission increase from 2015 to 2021: approximately 41% of the increase is from emissions from China (with Taiwan included), 19% from South Korea, and 13% from Japan. For Japan, which is the only one of these three countries to submit annual NF3 emissions to UNFCCC, our bottom-up and top-down estimates are higher than reported. With increasing demand for electronics, especially flat panel displays, emissions are expected to further increase in the future.

According to Cognitive Market Research, the global Unconventional Gas Market size will be USD 182451.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 67507.09 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 52910.96 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 43788.38 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 6933.16 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 7298.06 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 4013.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2025 to 2033.
Shale gas category is the fastest growing segment of the Unconventional Gas industry

Market Dynamics of Unconventional Gas Market

Key Drivers for Unconventional Gas Market

Rising demand for Cost-efficient Shale Gas Alternatives to Boost Market Growth

The unconventional gas industry is being driven by an increase in shale gas operations, such as developments in horizontal drilling techniques and the finding of shale oil and gas deposits. The rise in shale gas extraction activities has motivated many countries throughout the world to monitor the use of their unconventional gas resources. NGLs, such as ethane, propane, and butane, are expensive. As a result, there is an increased demand for cost-effective shale gas alternatives. The growing demand for shale gas in a variety of applications is also attributable to its low carbon emissions and reduced environmental footprint compared to other fossil fuels. In most situations, shale gas contains methane, propane, butane, carbon dioxide, nitrogen, and hydrogen sulfide. Consistent increase in power generation to meet the demand across. .

Government Policies and Regulations To Boost Market Growth

Government laws and regulations have an important influence in defining the unconventional gas market. Governments throughout the world are realizing the value of natural gas as a transition fuel in the move to a low-carbon economy. Government policies that favor unconventional gas exploration and production include tax breaks, subsidies, and expedited permitting processes. Furthermore, environmental regulations aimed at reducing greenhouse gas emissions can encourage the use of natural gas as a cleaner energy source, thereby boosting the growth of the unconventional gas market.

Restraint Factor for the Unconventional Gas Market

Regulatory uncertainty and changes in natural gas prices, Will Limit Market Growth

The limited availability of energy, particularly from traditional fossil fuel sources, is a major worldwide concern. As energy consumption rises, there is increasing impetus to switch to cleaner, more sustainable energy alternatives. Our reliance on fossil fuels has resulted in environmental degradation, air pollution, and climate change. This increases the demand for cleaner energy sources, such as renewables like solar, wind, and hydropower, which provide long-term sustainability. Despite technological breakthroughs, the transition to cleaner energy is hampered by high initial costs, infrastructure constraints, and political impediments, impeding the global push toward more sustainable energy systems.

Market Trends in Unconventional Gas Market

An increase in shale gas operations

The unconventional gas industry is being driven by an increase in shale gas operations, such as developments in horizontal drilling techniques and the finding of shale oil and gas deposits. The rise in shale gas extraction activities has motivated many countries throughout the world to monitor the use of their unconventional gas resources. NGLs, such as ethane, propane, and butane, are expensive. As a result, there...

Poland High-Methane Natural Gas Consumption: Increase in Stocks data was reported at 83.000 Cub m in 2017. This records a decrease from the previous number of 421.000 Cub m for 2016. Poland High-Methane Natural Gas Consumption: Increase in Stocks data is updated yearly, averaging 291.500 Cub m from Dec 1997 (Median) to 2017, with 14 observations. The data reached an all-time high of 689.000 Cub m in 2011 and a record low of 72.000 Cub m in 1999. Poland High-Methane Natural Gas Consumption: Increase in Stocks data remains active status in CEIC and is reported by Central Statistical Office. The data is categorized under Global Database’s Poland – Table PL.RB003: Energy Balance Sheet: Natural Gas.

Charging Nitrogen Gas Systems Market Outlook

The Charging Nitrogen Gas Systems market size was valued at USD 13.2 billion in 2023 and is projected to reach USD 21.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period. This growth is driven by the increasing demand for nitrogen gas in various industrial applications, such as aerospace, automotive, and oil & gas. The capacity of nitrogen gas systems to enhance operational efficiencies and ensure safety in critical processes acts as a significant growth catalyst. Additionally, the surge in technological advancements and the rising adoption of sustainable practices in industries further bolster the growth of this market.

The robustness and efficiency of nitrogen gas charging systems are increasingly becoming essential across several industries as modern operational standards continue to evolve. One of the critical growth factors for the Charging Nitrogen Gas Systems market is the pronounced demand in the aerospace and defense sectors. Nitrogen gas is widely used for maintaining optimal pressure levels in aircraft tires and hydraulic systems. As the aerospace industry continues to expand, with an increasing number of aircraft deliveries and fleet expansions, the demand for high-performance nitrogen charging systems is expected to rise significantly. Furthermore, advancements in defense technologies necessitate the use of reliable nitrogen gas solutions for various applications, thus propelling market growth.

Additionally, the automotive industry plays a pivotal role in the expansion of the Charging Nitrogen Gas Systems market. With the automotive sector experiencing rapid technological transformations, the integration of nitrogen gas systems in manufacturing processes for tire inflation and shock absorbers has become commonplace. Nitrogen gas helps maintain consistent pressure, enhances fuel efficiency, and extends the lifespan of vehicle tires, leading to its increased adoption. As electric vehicles (EVs) gain traction globally, the emphasis on nitrogen gas systems is expected to grow, offering innovative solutions for EV manufacturing and maintenance. The market's growth is further complemented by the rising emphasis on reducing carbon footprints and adhering to environmental regulations, encouraging the use of nitrogen gas systems.

Moreover, the oil and gas industry is another significant contributor to the market's growth. Nitrogen gas systems are crucial for purging, inerting, and blanketing applications in oil refineries and gas processing plants. The rise in oil and gas exploration activities, along with the need for maintaining safety standards, drives the demand for effective nitrogen charging systems. As the industry navigates the challenges of volatile energy prices and environmental concerns, the adoption of efficient nitrogen gas solutions is expected to remain strong, supporting market expansion. Furthermore, the electronics and healthcare sectors, which demand high-purity nitrogen for various applications, present additional opportunities for growth within the market.

The integration of a Nitrogen Gas Booster in these systems is becoming increasingly crucial for industries that require high-pressure nitrogen applications. A Nitrogen Gas Booster enhances the efficiency and effectiveness of nitrogen delivery, particularly in sectors like oil and gas, where maintaining precise pressure levels is vital. This technology allows for the compression of nitrogen gas to higher pressures, facilitating its use in various demanding applications such as pipeline purging and pressure testing. As industries continue to seek solutions that offer both reliability and performance, the demand for nitrogen gas boosters is anticipated to rise, contributing to the overall growth of the nitrogen gas systems market.

Regionally, the Asia Pacific region is anticipated to witness substantial growth in the Charging Nitrogen Gas Systems market. The rapid industrialization and urbanization in countries like China and India contribute significantly to the demand for nitrogen gas systems. The expanding aerospace and automotive industries, coupled with increasing infrastructure developments, create a favorable environment for market growth in this region. North America and Europe also present significant growth opportunities owing to the presence of established industries and the adoption of advanced technologies. Meanwhile, the Middle East & Africa and Latin America are expected to see moderate growth, driven by oil and gas activities and

Gas Spring Market size was valued at 3.17 USD Billion in 2024 and is projected to reach 4.59 USD Billion by 2030, growing at a CAGR of 5.23% during the forecast period 2024-2031.

Global Gas Spring Market Drivers

The market drivers for the Gas Spring Market can be influenced by various factors. These may include:

Automobile Industry: Gas springs are widely utilised in the automobile industry for a variety of purposes, including tailgate help, seat adjustment, and support for the hood and trunk lid. The need for gas springs is directly impacted by the expansion of the automotive sector.

Furniture Industry: Applications such as height-adjustable workstations, recliners and cabinet doors use gas springs. The gas spring market is driven by the expansion of the furniture sector, particularly by the rising demand for ergonomic furniture.

Aerospace and Defence Sector: In the aerospace industry, gas springs are used for cargo door opening systems, canopy mechanisms and seat adjustments. The need for gas springs may rise sharply in response to expansion in the aerospace and defence industries.

Industrial Machinery: Gas springs play a crucial role in lifting, holding, and dampening operations in a variety of industrial machinery. The need for gas springs is driven by the rise in industrial automation and machinery manufacture.

Medical and Healthcare Equipment: For smooth movement and adjustment, gas springs are utilised in medical equipment like hospital beds, operating tables and diagnostic gear. The global need for medical equipment is rising, which supports the expansion of the gas spring industry.

Consumer Products: Gas springs are utilised in a variety of consumer products, including toolboxes, adjustable chairs and barbecue grills. Convenience and comfort factors held by consumers are driving demand for items that incorporate gas spring technology.

Energy and Infrastructure Development: In infrastructure projects, gas springs are used for things like gate opening mechanisms and access panel support. Global infrastructure and energy development projects could increase demand for gas springs.

Technological Advancements: By providing improved functionality and efficiency, advances in gas spring technology, such as the creation of smart gas springs with integrated sensors for monitoring and control, can propel market expansion.

Environmental Regulations: Since gas spring systems are more environmentally friendly than conventional mechanical springs, there may be a shift in the market towards these systems as energy efficiency and sustainability become more important concerns.

Emerging Markets: As these nations invest in the construction of infrastructure, the manufacture of automobiles, and other industries related to manufacturing, the growing industrialization and urbanisation of emerging markets presents new prospects for the gas spring market.

The low-cost and abundant supply of shale gas in the United States has increased the interest in using natural gas for transportation. We compare the life cycle greenhouse gas (GHG) emissions from different natural gas pathways for medium and heavy-duty vehicles (MHDVs). For Class 8 tractor-trailers and refuse trucks, none of the natural gas pathways provide emissions reductions per unit of freight-distance moved compared to diesel trucks. When compared to the petroleum-based fuels currently used in these vehicles, CNG and centrally produced LNG increase emissions by 0–3% and 2–13%, respectively, for Class 8 trucks. Battery electric vehicles (BEVs) powered with natural gas-produced electricity are the only fuel-technology combination that achieves emission reductions for Class 8 transit buses (31% reduction compared to the petroleum-fueled vehicles). For non-Class 8 trucks (pick-up trucks, parcel delivery trucks, and box trucks), BEVs reduce emissions significantly (31–40%) compared to their diesel or gasoline counterparts. CNG and propane achieve relatively smaller emissions reductions (0–6% and 19%, respectively, compared to the petroleum-based fuels), while other natural gas pathways increase emissions for non-Class 8 MHDVs. While using natural gas to fuel electric vehicles could achieve large emission reductions for medium-duty trucks, the results suggest there are no great opportunities to achieve large emission reductions for Class 8 trucks through natural gas pathways with current technologies. There are strategies to reduce the carbon footprint of using natural gas for MHDVs, ranging from increasing vehicle fuel efficiency, reducing life cycle methane leakage rate, to achieving the same payloads and cargo volumes as conventional diesel trucks.

Snapshot img { margin: 10px !important; } Industry Insights

The global gas processing market size will grow by USD 214.13 billion during 2019-2023 at a CAGR of over 4%. The rising demand for natural gas and innovations in gas processing technology are some of the factors expected to drive market growth. The market report provides a detailed analysis of the market by product (dry gas and NGL) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors including BP Plc, Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, and Saudi Arabian Oil Co.

Gas processing is used to separate hydrocarbons and remove impurities from unrefined natural gas produced from oil and gas wells to provide value-added products such as dry gas and NGL.

The global gas processing market is expected to witness a CAGR of 4.21% during the forecast period. Certain factors that are driving the market include rapid growth in natural gas production, increasing initiatives for adoption of NGL, and rising demand for natural gas.

Key Insights from Gas Processing Market – Global Forecast 2019-2023

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The production of natural gas is increasing due to the increased investments in upstream oil and gas and E&P activities to enhance the production of natural gas. According to the IEA, global upstream oil and gas investments grew by 6% in 2018 over that in 2017. The adoption of natural gas is growing as they produce lower greenhouse gas emissions when compared to other fossil fuels during combustion. The US and China are the largest contributors to the global natural gas production owing to the increased shale oil and gas drilling activities in the US, and CBM and shale gas drilling activities in China. Hence, the increasing natural gas production owing to higher investments and upstream oil and gas activities is driving the demand for gas processing, which in turn driving the growth of the market.

The global gas processing market is witnessing the development of several innovative technologies which will enhance the technical and economic feasibility of gas processing operation. By minimizing energy consumption, these technologies will help gas processing companies to make significant cost savings. For instance, immobilized amine technology helps in reducing the energy and size of the gas processing reactor by enhancing gas processing in the absence of an aqueous solvent and minimizing energy consumption during water evaporation. Pressure-assisted stripping (PAS) technology further boosts the efficiency of gas purification process by lowering the need for heat generation by more than 25%. Similarly, dynamic compressor model technology helps in reducing operational costs by enhancing the understanding of instabilities and operational failures of compressors during acid cleaning operation. These innovations in gas processing technology are identified as critical gas processing market trends, which will have a positive impact on the growth of the market.

The abundance, versatility, and lower carbon dioxide emissions of natural gas have boosted its popularity among end users. The demand for natural gas is particularly high in the APAC region, where the use of natural gas has increased considerably in fertilizer plants, power generation units, transportation, petrochemicals, and residential and commercial sectors. As natural gas is a clean and eco-friendly fuel, it is increasingly being used as a fuel in the transportation and power generation sector, especially in developing countries such as China and India. The increasing demand for natural gas will create a need for gas processing for separating impurities such as hydrogen sulfide, carbon dioxide, nitrogen, and water vapor from unrefined natural gas. The rising demand for natural gas will be a significant factor fueling the growth of the market at a CAGR of over 4% during the forecast period.

Industry Analysis

    Quantitative Data


      Market size for 2018
      Market forecast for 2019 to 2023
      Regional market opportunities
      Market segment opportunities
      Growth momentum: Overall market and individual market segments
      Market condition: 2018
      Market segmentation based on product: dry gas and NGL
      Market size, market forecast, and growth momentum
      Market size and forecast in the APAC, Europe, MEA, North America, and South America
      Market forecasts for key countries





    Qualitative Data


      Porter's Five Forces analysis
      Trends, drivers, and challenges
      Vendor Landscape
      Market structure
      Criticality of inputs
      Factors of differentiation
      M