Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, 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 March of 2025.

In 2023, the price of natural gas in Europe reached 13.1 constant U.S. dollars per million British thermal units, compared with 2.5 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe.

What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached 22 percent.

How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 35 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

According to Cognitive Market Research, the global Natural Gas Liquids market size will be USD 17542.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7016.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5262.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4034.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 877.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The ethane category is the fastest growing segment of the Natural Gas Liquids industry

Market Dynamics of Natural Gas Liquids Market

Key Drivers for Natural Gas Liquids Market

Increasing Petrochemical Industry to Boost Market Growth

The market for natural gas liquids (NGL) is mostly driven by the expanding petrochemical sector. Natural gas liquids (NGLs) like ethane, propane, and butane are vital raw materials for the synthesis of petrochemicals like ethylene and propylene, which are extensively utilized in the creation of synthetic materials, chemicals, and plastics. The need for NGLs is rising due to the petrochemical industry's explosive growth, particularly in North America and Asia. The utilization of NGLs in a variety of applications is growing as a result of growing industrialization and technological developments in chemical processing. The global need for consumer goods, packaging, and industrial materials is driving the petrochemical industry's growth, which in turn will fuel the NGL market's long-term growth.

The Surge in Shale Gas Production to Drive Market Growth

The market for natural gas liquids (NGL) is growing as a result of increased shale gas output. Production of NGLs, including ethane, propane, and butane, has expanded because of the spike in shale gas extraction, especially in North America, through horizontal drilling and hydraulic fracturing technology. These liquids are frequently left over after natural gas from shale formations is extracted. In order to fulfill growing global demand, the U.S. shale boom has improved export prospects and supported local NGL supplies. The supply of NGLs is directly increased by the ongoing expansion of shale gas production, which fosters the long-term growth of the NGL market by meeting the increasing demand from sectors such as transportation, energy, and petrochemicals.

Restraint Factor for the Natural Gas Liquids Market

Price Volatility for Crude Oil Will Limit Market Growth

The volatility of crude oil prices severely constrains

The natural gas liquids (NGL) market. Because NGLs are frequently extracted in conjunction with crude oil and natural gas, changes in oil prices have an immediate effect on how profitable it is to produce NGLs. Oil and gas companies may cut back on drilling when crude oil prices drop, which lowers the output of NGLs. Furthermore, a decline in oil prices may increase the appeal of alternative energy sources, which would lessen the market for NGLs. On the other hand, sudden spikes in oil prices can cause market instability and increase the operational expenses for NGL producers. It is difficult for NGL market participants to sustain consistent growth because of this price volatility, which also makes long-term planning more difficult and causes investor concern.

Impact of Covid-19 on the Natural Gas Liquids Market

The COVID-19 pandemic had a substantial effect on the natural gas liquids (NGL) market because it caused supply chain disruptions on a worldwide scale, decreased energy consumption, and a steep reduction in industrial activity. Lockdowns and limitations reduced the demand for NGLs, especially in the transportation and petrochemical sectors, which are big users of butane, propane, and ethane. The demand for NGLs as alter...

TTF Gas decreased 8.92 EUR/MWh or 17.69% since the beginning of 2025, 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 March of 2025.

The price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's recent cost of living crisis in 2022, approximately 91 percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

The global natural gas market is experiencing robust growth, driven by increasing energy demand, particularly in developing economies, and the transition towards cleaner energy sources compared to coal. While precise figures for market size and CAGR were not provided, a reasonable estimation, based on industry reports and observed trends, suggests a 2025 market size of approximately $500 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 3%, projected growth indicates a market value exceeding $650 billion by 2033. Key drivers include rising industrialization, expanding power generation sectors relying on natural gas, and growing adoption in transportation fuels (e.g., compressed natural gas vehicles). Significant trends involve the increased utilization of liquefied natural gas (LNG) for international trade, the development of innovative technologies for enhanced gas recovery and methane emission reduction, and the integration of natural gas into smart grids for enhanced energy management. However, restraining factors include price volatility due to geopolitical events and supply chain disruptions, as well as environmental concerns related to methane leakage and greenhouse gas emissions. The market is segmented by type (methane, ethane, propane, others) and application (power generation, industrial fuel, household fuel, automotive fuel, chemical industry), with regional variations reflecting different levels of industrialization and energy policies. North America, Europe, and Asia-Pacific are expected to dominate the market, accounting for a significant portion of the global consumption and production. The competitive landscape is populated by a mix of international and national companies spanning the value chain – from exploration and production to processing, transportation, and distribution. Companies like BG Group plc, Apache Corporation, Cheniere Energy, and others are actively involved in expanding production capacity, investing in infrastructure projects, and securing long-term supply contracts. Strategic partnerships and mergers & acquisitions are anticipated to shape the industry further, leading to increased consolidation and efficiency. Growth opportunities lie in leveraging innovative technologies to optimize gas extraction, reduce environmental footprint, and meet the rising global demand while navigating the challenges of geopolitical instability and fluctuating energy prices. This in-depth report provides a comprehensive analysis of the global natural gas market, encompassing production, consumption, pricing, and future growth projections. We delve into key segments, regional variations, and influential market players, offering invaluable insights for stakeholders across the natural gas value chain. Keywords: Natural Gas Market, Natural Gas Production, LNG, CNG, Natural Gas Prices, Methane, Ethane, Propane, Power Generation, Industrial Fuel, Global Energy Market.

UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, 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 March of 2025.

British gas price is expected to continuously increase until 2035, when prices are forecasted to stabilize. In 2035, low, central and high are expected to reach 43, 64 and 88 British pence per therm, respectively.

The high, central and low projections are used by Her Majesty's Government for policy appraisal and modeling work. Gas prices are influenced by a number of external factors, including new projects in places such as Australia, weather conditions affecting demand, and the price of oil relative to gas.

The size of the China LNG Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.00% during the forecast period. China LNG has dramatically expanded in recent years. In fact, China is the world's largest importer of liquefied natural gas (LNG). Being determined to decrease its reliance on coal, which has contributed hugely to air pollution and greenhouse gas emissions, the country has also targeted the use of alternative energy sources. This drive of the government to promote a cleaner alternative in the form of natural gas has largely taken the shape of increased L N G imports, and major terminals are being constructed along the coast to accommodate this growth. Mixing long-term contracts with spot market purchases would give the flexibilities in sourcing this commodity. Further, very heavy investments have been made in home country infrastructure, as witnessed by pipelines and storage facilities in place to back further growth of natural gas application for heating residential needs, for power generation, and for industrial use. Improved regasification technologies are also enhancing efficiencies while reducing the costs. However, global LNG prices are still volatile and geopolitics in some form or another create tensions, and other energy sources continue to compete with it. Since China aims to eventually become a more sustainable energy model for the future, the prospects for the LNG market are ready to play an even more critical role in fulfilling the country's needs while supporting economic growth with friendly efficiencies for the environment. The future of China's general LNG market is bright as part of a far broader trend toward a cleaner energy future. Recent developments include: In 2022, the Tianjin LNG terminal went under construction with a capacity of 5 metric tons per annum. The project received a sovereign loan from Asian Investment Bank (USD 500 million) and New Development Bank (EUR 430 million) in March 2021., In September 2021, China's state-controlled government, Sinopec, started constructing the Longkou LNG regasification terminal with a capacity of 6.5 metric tons per annum. The terminal is expected to be commissioned by October 2023.. Key drivers for this market are: 4., Rising Industrialization across the Globe4.; Increasing Utilization of Natural Gas. Potential restraints include: 4., High Cost of Installation and Maintenance. Notable trends are: LNG regasification will dominate the market..

UK oil and gas production has diminished over the past decade because old oil fields have matured, and developing new commercially viable sources has become increasingly challenging. To combat this, extractors have pooled their resources and formed partnerships to enhance efficiency, while some have benefitted from previous investments in fields coming onstream. Oil and gas extracting companies also have reaped the rewards of an upsurge in global prices through 2022-23, leading to sharp revenue growth. However, this quickly turned around in 2023-24, with most major companies’ revenue nosediving along with oil prices. Revenue is expected to expand at a compound annual rate of 3.4% over the five years through 2024-25 to just over £33 billion. This includes a forecast hike of 5.3% in 2024-25; however, profit is slated to inch downward over the year as global oil and gas prices remain somewhat flat in the second half of 2024-25. The industry's performance is greatly affected by world oil and gas prices, with supply cuts put into place by the Organisation of the Petroleum Exporting Countries (OPEC) and global tensions resulting in price peaks and troughs. In October 2022, OPEC instituted a supply cut of two million barrels of crude oil per day, driving Brent Crude Oil prices up to US$110 (£87.80) per barrel, which has been extended until March 2025, with a ramping up period through September 2025. The sanctions on Russian oil and gas imports because of the Russia-Ukraine conflict add further impetus to prices. The EU has banned imports of Russian-made oil and gas, providing opportunities for UK exporters. Crude oil prices remain high, but significant oil production from non-OPEC countries threatening a glut in the oil market and a significant dip in global demand (especially from China) have made oil prices tumble sharply since July 2024. Despite mounting tensions in the Middle East having the potential to cut oil supply from the region, the ongoing political tensions have yet to significantly impact global prices, with prices hiking up around 10% in the month to October 2024, but remaining relatively low. Oil and gas prices are likely to continue inching downwards in the coming years as America is forecast to continue ramping up the global oil and gas supply. This, along with an expected reduction in global demand for oil and gas in the long term, will limit growth. The UK government will implement policies to create a more favourable environment for extractors and further investment in the North Sea to improve UK energy security. However, the depletion of natural resources, the expensive cost of extraction, low gas and oil prices and the global energy transition will threaten the industry's long-term viability. The government announced a delay to the ban on the sale of new petrol and diesel cars, along with the relaxation of some net-zero policies in September 2023, which should keep fossil fuel explorers afloat for longer. Revenue is forecast to rise at a compound annual rate of 3.4% over the five years through 2029-30 to just over £39 billion.

The global gas utilities market is anticipated to witness a steady growth, reaching a value of $351.52 billion by 2033, expanding at a CAGR of 2.78% during the forecast period (2023-2033). This growth is primarily driven by the increasing demand for natural gas as a cleaner and more efficient fuel, especially in residential and commercial sectors. The market is also witnessing a trend towards renewable energy sources, providing new opportunities for gas utilities to integrate renewable gas sources into their networks. Additionally, government regulations and initiatives aimed at reducing carbon emissions are expected to further drive the growth of gas utilities. However, the market is not without its challenges. One of the major restraints is the volatility in natural gas prices, which can impact the profitability of gas utilities. Another challenge is the need for significant investments in infrastructure, including pipelines, storage facilities, and distribution networks, which can be a barrier to entry for new players. Furthermore, the transition to renewable energy sources may pose a long-term threat to the gas utilities industry, as it could reduce the demand for natural gas in the long run. Key players in the gas utilities market include PNM Resources, CenterPoint Energy, Eni, British Gas, SoCalGas, ExxonMobil, and National Grid. Recent developments include: Recent developments in the gas utilities market reflect an ongoing transition towards cleaner energy sources while addressing supply and demand challenges. In 2024, the sector is expected to witness a significant focus on infrastructure modernization and the adaptation of existing gas networks to accommodate renewable gases such as biogas and hydrogen. Additionally, geopolitical tensions have influenced natural gas supply chains, prompting countries to explore new partnerships and diversify their energy sources. Regulatory frameworks are evolving, with governments increasingly emphasizing sustainability, which is expected to impact future investments in gas utilities., Innovations in technology, such as digitalization and automation, are enhancing operational efficiencies and reducing emissions, aligning with climate goals. This combination of factors positions the gas utilities market to adapt to changing economic and environmental landscapes, ensuring resilience and growth up to 2032. The ongoing commitments toward achieving net-zero emissions are anticipated to further transform market dynamics, driving demand for integrated energy solutions that capitalize on traditional gas resources while embracing renewable alternatives.. Key drivers for this market are: Renewable gas integration Expansion in emerging markets Smart grid technology adoption Infrastructure modernization initiatives Regulatory support for cleaner energy. Potential restraints include: Regulatory framework changes Renewable energy integration Infrastructure investment needs Price volatility impact Technological advancements in distribution.

Vacuum Gas Oil Market size was valued at USD 359.38 Billion in 2024 and is projected to reach USD 559.96 Billion by 2031, growing at a CAGR of 5.70% from 2024 to 2031.

Global Vacuum Gas Oil Market Drivers

Crude Oil Price Fluctuations: The price of crude oil has a significant impact on the VGO market. Oil price volatility can affect the profitability and refining margins, which makes market participants hesitant to invest in the infrastructure needed for VGO production or processing.

Environmental Regulations: Tight environmental rules pertaining to petroleum product extraction, refining, and transportation, including VGO, make market expansion difficult. Requirements for waste disposal, emissions requirements, and carbon reduction targets may need large investments in infrastructure and technology changes.

Transition to Renewable Energy: The market for conventional petroleum products like VGO is long-term threatened by the world’s shift to renewable energy sources including solar, wind, and biofuels. Government attempts to encourage the use of renewable energy sources and reduce carbon emissions may hinder VGO’s market prospects in the future.

Refining Industry Overcapacity: In certain areas, production exceeds demand, posing an overcapacity problem for the industry. This oversupply situation might impede market growth and investment opportunities by putting pricing pressure on VGO producers and refiners and reducing their profits.

Competition from Alternative Feedstocks: For usage in the processing of petroleum and petrochemicals, VGO faces competition from alternative feedstocks including shale oil and natural gas liquids (NGLs). The market potential for VGO in specific applications may be restricted by technological improvements and the cost-competitiveness of alternative feedstocks.

Economic Uncertainty: The global energy demand and investment sentiment can be impacted by economic downturns, geopolitical tensions, and trade disputes, all of which can have an effect on the VGO market. In VGO-related initiatives, uncertainty about the state of the economy may cause cautious expenditure and a delay in investment decisions.

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Oil And Gas Upstream Equipment Market Size 2025-2029

The oil and gas upstream equipment market size is forecast to increase by USD 11.81 billion at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing preference for pipeline transportation as an efficient and cost-effective method for crude oil transport. This trend is particularly prominent in regions with vast oil reserves and limited infrastructure for alternative transportation methods. Furthermore, the adoption of digitalization and automation in upstream operations is transforming the industry, enhancing operational efficiency and reducing costs. However, the market faces challenges, primarily the uncertainties associated with low crude oil prices, which can impact investment decisions and market growth. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on innovation, cost reduction, and strategic partnerships. By staying informed of market dynamics and trends, these entities can position themselves for long-term success in the market.

What will be the Size of the Oil And Gas Upstream Equipment Market during the forecast period?

Request Free SampleThe market encompasses a diverse range of products and solutions essential for exploring, drilling, and producing oil and natural gas from oilfields. Key market segments include drilling rigs, well completion equipment, and production equipment. Onshore projects dominate the market, with a significant presence from drilling equipment for onshore and offshore applications. The market's size is influenced by various factors, including the number of onshore rig counts, workover rig components, and demand for large oilfield equipment such as drill bits, heat exchangers, air coolers, tank vessels, pumps and valves, and fluid handling systems. Market dynamics are driven by factors like crude oil prices, technological advancements, and the exploration and development of ultra-deepwater fields. Overall, the market is a dynamic and vital sector within the global energy industry, continually evolving to meet the demands of the ever-changing energy landscape.

How is this Oil And Gas Upstream Equipment Industry segmented?

The oil and gas upstream equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationExploration and drillingCompletion and procedureOthersDeploymentOnshoreOffshoreTypeDrilling equipmentProduction equipmentWell intervention equipmentPressure control equipmentOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and AfricaUAE

By Application Insights

The exploration and drilling segment is estimated to witness significant growth during the forecast period.The upstream sector in the global energy industry is primarily focused on the exploration and production of crude oil and natural gas. This process begins with geological surveys using advanced technologies such as seismic methods, including reflective, passive, gravity, and magnetic surveys, to identify potentially hydrocarbon-bearing rocks or prospects. Subsequently, exploratory wells are drilled to extract these resources. Seismic surveys employ sophisticated equipment like streamers, vessels, hydrophones, geophones, and receivers to gather large data volumes at higher frequencies. Geologists analyze this data in real time to determine the optimal location for production. The upstream sector encompasses various types of drilling activities, including onshore and offshore, and utilizes a range of oilfield equipment such as drilling rigs, well completion equipment, production equipment, fluid handling systems, and oil recovery techniques. This includes vertical wells, ultra-deepwater fields, and various types of pumps and valves. Additionally, emerging technologies like artificial intelligence, Internet of Things, data analytics, and various drilling techniques are being integrated to enhance efficiency and productivity.

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The Exploration and drilling segment was valued at USD 39.54 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The North American region dominates the market due to its high number of active rig counts. With the recent stabilization of crude oil price

According to the Cognitive Market Research Report, the Fingerprint Sensors Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2031. Increase in Light-Duty Vehicles Worldwide and growing cost of fossil fuels are one of the main reasons behind the CNG market's expansion. Many growing drivers have caused the Asia Pacific region to become a dominating participant in the CNG industry in recent years. These include backing from the government, financial savings, environmental considerations, the need for transportation expansion, and the availability of natural gas.

Market Dynamics of Compressed Natural Gas CNG Market

Key Drivers

Increase in Light-Duty Vehicles Worldwide

Light-duty vehicles (LDVs) are defined as vehicles weighing less than 10,000 pounds (about 4500 kg), and this group includes both passenger cars and light commercial vehicles (such as delivery vans and pick-ups). The other benefit of these vehicles is that people are purchasing these vehicles due to factors like Growing urbanization, higher disposable income, and the growth of the automobile sector. These consumers of light-duty vehicles are embedding the CNG in their vehicles because CNG burns almost particle-free and emits significantly less CO2 than liquid fuels. Conventional CNG is now supplemented by CNG derived from regenerative sources. As a result, the gasoline is even more eco-friendly. It is also cost effective Because of the low cost of gasoline, automobiles equipped with CNG powertrain systems are more economical in many nations. The wide range of gas engines and vehicle types that are compatible with CNG technology includes anything from little automobiles to large commercial trucks. Significant system knowledge, consultancy services, and tried-and-true standard parts are further important components in terms of light-duty vehicles. For instance, Tata’s Ace Gold CNG Plus A 2-cylinder 694CC engine with a maximum output of 19.4 kW (26 HP) and a maximum torque of 51 nM powers BS6 Phase 2. It has a segment-best load body deck with a load body that is 2520 mm (8.2 feet) long and a segment-best leaf spring suspension that is highly loadable. This vehicle has an 18 kg CNG fuel tank that provides a 400 km trip range, which is at least 70% longer than that of the closest competitor mini truck. The BS6 Phase 2 model includes an improved cockpit with a larger headlight for safety, revised steering for less steering effort, and a flat bench for the driver to relax on. Because of its great load capacity, minimal maintenance requirements, and high resale value, the Ace Gold CNG Plus is the best car for consumers searching for a CNG choice. (Source: https://smalltrucks.tatamotors.com/product/ace/tata-ace-gold-cng-plus) Therefore, there is a huge consumer base for light-duty vehicles that are going for CNG rather than conventional fossil fuel because of less CO2 emission and being cost-effective.

The growing cost of fossil fuels is one of the main reasons behind the CNG market's expansion.

An important aspect propelling the CNG market's expansion is the escalating cost of fossil fuels. Due to the rising costs of conventional fossil fuels like gasoline and diesel, more businesses and consumers are searching for more affordable and environmentally friendly alternatives. Given that CNG is more affordable and steadier in price than other fossil fuels, especially gasoline and diesel, it is a good substitute. Several variables, such as the foreign currency rate, the price of oil globally, the capacity of local refineries, and governmental regulations, have an impact on the price of gasoline at the pump. Regrettably, these variations frequently cause transportation expenses to rise, which has an impact on the pricing of products and services. The economies are susceptible to global market swings, geopolitical unrest, and supply chain interruptions due to their dependence on imports for refined petroleum products. Burning fossil fuels also releases toxic greenhouse gases into the atmosphere, which exacerbates air pollution and accelerates climate change. The importance of switching to greener and more sustainable energy sources is highlighted by these difficulties. Hence, to counterattack these challenges, the usage of Compressed Natural Gas is a cost-effective and environment-friendly means for transportation purposes. ...

The global Liquefied Natural Gas (LNG) Delivery Pipe market is experiencing robust growth, driven by the increasing demand for natural gas as a cleaner energy source and the expansion of LNG infrastructure worldwide. Let's assume, for illustrative purposes, a 2025 market size of $5 billion and a Compound Annual Growth Rate (CAGR) of 7% over the forecast period (2025-2033). This implies significant market expansion, reaching an estimated $9.5 billion by 2033. This growth is fueled by several key factors: the rising adoption of LNG as a transportation fuel, particularly in heavy-duty vehicles and maritime applications; the development of new LNG receiving terminals and pipelines in emerging economies; and the ongoing efforts to reduce carbon emissions, making natural gas a transitional fuel of choice. The market is segmented by pipe type (flexible and rigid) and application (ports, factories, LNG gas stations, and others), with flexible pipes gaining traction due to their adaptability in challenging terrains. Key players like Wujin Stainless Steel Pipe Group, LS Metal, and Chart Industries are investing heavily in research and development, focusing on innovative materials and manufacturing techniques to enhance pipe durability and efficiency. However, market growth is not without its challenges. Fluctuations in natural gas prices, stringent regulatory compliance requirements, and the potential for material shortages pose significant restraints. Furthermore, the high initial investment costs associated with LNG infrastructure development can hinder market penetration in certain regions. Despite these challenges, the long-term outlook for the LNG Delivery Pipe market remains positive, driven by the increasing global energy demand and the shift towards cleaner energy solutions. Regional variations exist, with North America and Asia-Pacific expected to dominate the market, fueled by robust economic growth and increasing energy consumption in these regions. Strategic partnerships and technological advancements will play a crucial role in shaping the future competitive landscape of this dynamic market.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDM) from Jan 1990 to Feb 2025 about EU, gas, World, Europe, and price.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, 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 March of 2025.

This study investigates the relationship between consumer sentiment (CONS), inflation expectations (INEX) and international energy prices, drawing on principles from behavioral. We focus on Brent crude oil price and Henry Hub natural gas prices as key indicators of energy market dynamics. Based on the monthly data from January 2003 to March 2023, three wavelet methods are applied to examine the time-frequency linkage, while the nonlinear distributed lag model (NARDL) is used to verify the asymmetric impact of two factors on energy prices. The results highlight a substantial connection between consumer sentiment, inflation expectations and international energy prices, with the former in the short term and the latter in the medium to long term. Especially, these correlations are particularly pronounced during the financial crisis and global health emergencies, such as the COVID-19 epidemic. Furthermore, we detect short-term asymmetric effects of consumer sentiment and inflation expectations on Brent crude oil price, with the negative shocks dominating. The positive effects of these factors on oil prices contribute to observed long-term asymmetry. In contrast, inflation expectations have short-term and long-run asymmetric effects on natural gas price, and both are dominated by reverse shocks, while the impact of consumer sentiment on natural gas prices appears to be less asymmetric. This study could enrich current theories on the interaction between the international energy market and serve as a supplement to current literature.

According to Cognitive Market Research, the global LNG Compressor market will be USD 415.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue with a market size of USD 166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 124.56 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 95.50 million in 2024, and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 20.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 8.30 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The low-pressure application segment held the highest LNG Compressor market revenue share in 2024.

Market Dynamics of LNG Compressor

Key Drivers of LNG Compressor

Growing Demand from Oil and Gas Industry to Provide Viable Market Output

The growing demand from the oil and gas industry is creating a significant increase in global demand. Firstly, the increasing exploration and production activities in unconventional reserves require efficient compression technology to handle the extracted natural gas. Additionally, the expanding LNG trade, driven by the need for cleaner energy sources and the rise in global energy consumption, necessitates reliable compression infrastructure for liquefaction and transportation purposes. Moreover, the shift towards cleaner energy sources has led to a surge in LNG infrastructure investments worldwide, further propelling the demand for compressors. These trends collectively stimulate the growth of the LNG compressor market as companies seek advanced compression solutions to meet escalating industry demands.

For instance, in 2020, the Indian government revealed its plan to invest around USD 60 billion to create gas infrastructure until 2024 and increase gas's share in the mix from 6% to 15% by 2030. Such a plan is expected to increase the application of gas compressors during the forecast period.

(Source: https://timesofindia.indiatimes.com/business/india-business/central-government-to-spend-60-billion-to-create-gas-infrastructure-by-2024/articleshow/79782230.cms)

Expansion of New LNG Infrastructure to Propel Market Growth

The expansion of new LNG infrastructure aims to provide growth in the Market. As countries and industries transition towards cleaner fuels, the development of LNG terminals, liquefaction plants, and LNG-powered vessels is on the rise. This expansion requires efficient compression technology to transport and store LNG effectively. LNG compressors play a crucial role in the liquefaction process, ensuring optimal pressure and temperature conditions for LNG storage and transportation. Moreover, the growing emphasis on reducing carbon emissions and the versatility of LNG as a fuel across various sectors, including transportation, power generation, and industrial applications, further fuels the demand for LNG compressors, driving market expansion.

For instance, according to the International Energy Agency, Indian domestic natural gas demand is anticipated to increase by 4.5% between 2021 and 2024. Moreover, the launch of the Indian Gas Exchange (IGX) in 2020 is also expected to bolster domestic trade in natural gas, further strengthening the demand for natural gas-related infrastructure.

(Source: https://www.business-standard.com/industry/news/india-s-natural-gas-demand-is-expected-to-rise-6-in-2024-says-iea-124012800290_1.html)

Restraint Factors of LNG Compressor

Fluctuations in Prices to Restrict Market Growth

The LNG Compressor market faces challenges due to Fluctuations in prices. The volatility in energy prices directly impacts investment decisions and project viability for both producers and consumers. Rapid and unpredictable shifts in prices can disrupt budgetary planning, hinder financing arrangements, and deter potential investors. Additionally, uncertainty in pricing undermines long-term contr...

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...