The statistic gives projections of the cost for coal and natural gas between 2016 and 2050. It is predicted that in 2020, natural gas cost will 6.69 U.S. dollars per million British thermal units compared with 6.13 for metallurgical coal.

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.

Compressed Natural Gas Market size was valued at USD 160.08 Billion in 2023 and is projected to reach USD 667.78 Billion by 2030, growing at a CAGR of 17.2% during the forecast period 2024-2030.

Global Compressed Natural Gas Market Drivers

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

Advantages for the environment and lowering emissions: Because it emits less pollutants such carbon dioxide (CO2), nitrogen oxides (NOx), and particle matter than conventional fossil fuels, compressed natural gas (CNG) is seen to be a cleaner fuel option. CNG is becoming more and more popular in transportation due to growing concerns about environmental sustainability.

Governmental Guidelines and Promotions: In an attempt to lower greenhouse gas emissions and air pollution, the government is encouraging the use of alternative fuels, such as compressed natural gas (CNG), through strict laws and incentives.

Economic viability and cost savings: Because CNG is frequently more affordable than conventional fuels, fleet managers and corporations are switching to CNG-powered cars to lower fuel expenses and improve their financial sustainability.

Natural Gas Amounts and Domestic Availability: By utilizing local resources and lowering dependency on imported oil, regions with ample natural gas reserves and an emphasis on energy independence may encourage the usage of CNG.

Expanding Automobile Sector: The need for alternative fuels like CNG is driven by the growth of the transportation industry, which includes buses, trucks, and commercial vehicles. This demand is particularly strong in urban areas with significant vehicle traffic.

Petrochemical and Natural Gas Adsorbents Market size was valued at USD 9.75 Billion in 2023 and is projected to reach USD 14.92 Billion by 2030, growing at a CAGR of 7.8% during the forecast period 2024-2030.

Global Petrochemical and Natural Gas Adsorbents Market Drivers

The growth and development of the Petrochemical and Natural Gas Adsorbents Market is attributed to certain main market drivers. These factors have a big impact on how Petrochemical and Natural Gas Adsorbents are demanded and adopted in different sectors. Several of the major market forces are as follows:

Growing Demand for Natural Gas: The production, processing, and storage of natural gas need the use of effective adsorbents.

Growing Petrochemical Industry: The growing petrochemical sector, which involves the manufacturing of polymers, chemicals, and plastics, increases the need for adsorbents for a range of applications, including separation and catalysis.

Shale Gas Boom: The extraction and development of shale gas, particularly in the United States, has led to a rise in the need for adsorbents in the processing and purification of shale gas.

Environmental laws: Tight environmental laws and an emphasis on emission reductions necessitate the use of efficient adsorbents for the elimination of contaminants and impurities from natural gas streams.

Carbon Capture and Storage (CCS) Initiatives: Expanding efforts to sequester and retain carbon emissions from industrial activities, such as the manufacture of petrochemicals and natural gas, present prospects for adsorbents employed in carbon capture systems.

Intense Refining Operations: The worldwide growth of oil refining operations fuels the need for adsorbents for procedures like desulfurization and impurity extraction from refined goods.

Transition to Renewable Natural Gas (RNG): Adsorbents have the potential to play a significant role in the upgrading and purification of biogas, as the generation of RNG from organic waste and the growing emphasis on renewable energy sources present prospects.

Europe’s petroleum and natural gas extraction support services’ revenue is forecast to contract at a compound annual rate of 3.8% over the five years through 2024 to €62.1 billion. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand has increased since lockdown restrictions eased, supporting revenue over 2021 and 2022. Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. Nonetheless, weakening demand and falling oil and gas prices have contributed to an expected revenue slump of 20.3% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 7% to €87.2 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.

Gas To Liquid Market size was valued at USD 23.3 Billion in 2023 and is projected to reach USD 43.4 Billion by 2030, growing at a CAGR of 7.7% during the forecast period 2024-2030.

Global Gas To Liquid Market Drivers

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

Growing Need for Energy: One important factor propelling the GTL market is the increasing need for energy on a worldwide scale, especially for liquid fuels. In order to address the growing demand for transportation fuels, GTL technology offers an alternate method of converting natural gas into liquid fuels.

Evolution of GTL Technology: The efficiency and cost-effectiveness of Gas to Liquid technologies are continually improving. When compared to conventional oil refining techniques, GTL processes might be more appealing and competitive because to technological advancements.

Natural Gas Availability: Geographical areas rich in natural gas resources are drawn to GTL technology. The availability of feedstock for GTL processes rises with the continued development of natural gas reserves, propelling market expansion.

Rules Regarding the Environment: Interest in GTL as a way to create cleaner-burning liquid fuels is fueled by strict environmental restrictions and an increasing focus on cleaner fuels. Generally speaking, GTL products are purer and contain less sulphur than traditional fuels obtained from crude oil.

Energy Safety: Countries can diversify their energy sources and lessen their reliance on imported crude oil by taking use of the GTL. For nations pursuing geopolitical stability and energy security, this factor becomes especially crucial.

Lower Emissions of Greenhouse Gases :When liquid fuels are produced via GTL, greenhouse gas emissions may be reduced in comparison to some conventional refining methods. This environmental advantage becomes a motivator, particularly in areas where cutting carbon emissions is a priority.

Growing Attention on Fischer-Tropsch Synthesis: Fischer-Tropsch synthesis is a crucial step in GTL technology, and the market for GTL is expanding as a result of continuous research and development in this field. The total efficiency of the Fischer-Tropsch synthesis is increased by advancements in reactor and catalyst designs.

Growing Need for Cleaner Fuels in Transportation: Globally, there is a push for greener and more sustainable transportation fuels, which makes GTL products like jet fuel and synthetic diesel appealing substitutes that increase market demand.

Recent developments include: July 2022: The Indian government announced that it had set a target to raise the share of natural gas in the energy mix to 15% by 2030 from the current 6.3%. According to the data demonstrated by the Ministry of Petroleum & Natural Gas, 95.21 lakh PNG (Domestic) connections have been provided, and the authorized entities have established 4531 CNG (Transport) stations as of 31 May 2022., May 2022: The China National Offshore Oil Company (CNOOC) awarded CNY 16 billion (USD2.42 billion) contracts for building 12 liquefied natural gas tankers. The 12 vessels will be constructed by Hudong Zhonghua Shipbuilding Co., a China State Shipbuilding Corporation (CSSC). Each tanker can carry about 174,000 cubic meters of LNG, equivalent to 108 million cubic meters when re-gasified. The vessels are slated for commissioning between 2024 and 2027., January 2022: GAIL (India) Ltd commenced India's first-of-its-kind project of mixing hydrogen into the natural gas system in Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Ltd, one of GAIL's joint ventures with HPCL, to retail CNG to automobiles and piped natural gas to households in Indore.. Key drivers for this market are: 4., Increasing Electricity Demand4.; Rsing Investments in the Coal Industry. Potential restraints include: 4., Increasing Installation of Renewable Energy Sources. Notable trends are: Increasing Investments in Natural Gas Production to Drive the Market.

Europe’s petroleum and natural gas extraction support services’ revenue is forecast to contract at a compound annual rate of 3.8% over the five years through 2024 to €62.1 billion. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand has increased since lockdown restrictions eased, supporting revenue over 2021 and 2022. Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. Nonetheless, weakening demand and falling oil and gas prices have contributed to an expected revenue slump of 20.3% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 7% to €87.2 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.

The size of the India Natural Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. The Indian natural gas market is rapidly developing into an important component of the energy landscape of the country, its drive to diversify the energy mix, and its pursuit of environment-friendly goals. With considerable untapped natural gas reserves lying alongside the Krishna-Godavari Basin and Cambay Basin, among others, the country continues to depend on imports to settle the substantial hike in its demand. The government has ensured natural gas as a cleaner alternative to coal and oil and natural gas, keeping with its commitment toward improvement of energy security and environmental sustainability. In the last several years, there have been some such reforms undertaken by the government for example, the National Gas Grid initiative to build infrastructure for transporting and distributing natural gas-including expansion of pipeline networks and development of city gas distribution systems for enhanced access and cheaper supplies at the consumer level. The impetus for importing LNG has also improved India's standing in the international energy market, providing India with better tools to satisfy domestic needs. Despite this, it still has numerous challenges, namely regulatory and pricing issues, and competition from renewables. However, the natural gas market will likely surge in the coming years as India aims at increasing the share of natural gas in its overall energy consumption to 15 percent by 2030 from their current levels. Recent developments include: In January 2022, According to the results of the bid opening for the 11th round of city gas distribution (CGD) bidding, Indian Oil Corporation (IOC) stands to get nine licences and Bharat Petroleum Corporation Ltd (BPCL) 6., In May 2022, Adani Total Private Limited has withdrawn its EoI to build a natural gas pipeline from Haldia to Panitar following objections by Hiranandani Energy and others.. Key drivers for this market are: 4., Increasing Investment in the Upstream Sector4.; Supportive Government Policies. Potential restraints include: 4., Increasing Demand to Diversify the Power Generation Mix by Introducing Renewable Energy Sources. Notable trends are: Piped Natural Gas (PNG) to Grow Significantly.

Compressed Natural Gas (CNG) Market is expected to grow at a high CAGR during the forecast period 2023-2030 | DataM Intelligence

Natural Gas Engine Market in UAV is expected to grow at a high CAGR during the forecast period 2023-2030 | DataM Intelligence

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are a major source of imports. Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to fall at a compound annual rate of 4.4% to €71.6 billion over the five years through 2024. Revenue expanded in 2021 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023. This trend is expected to continue into 2024, when revenue is slated to fall by 57%. Revenue is forecast to rise at a compound annual rate of 11.9% over the five years through 2029 to €125.3 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

As per Cognitive Market Research's latest published report, the Global Liquefied Natural Gas market size will be USD 205.66 Billion by 2029. Liquefied Natural Gas Industry's Compound Annual Growth Rate will be 8.2% from 2023 to 2030. What is Driving Liquefied Natural Gas Industry Growth?

The use of natural gas for fuel stoves, water heaters, clothes dryers and other household appliances is one of the key factors driving the demand of liquefied natural gas. Hospitals, schools, office buildings, restaurants, stores and other commercial end-users depend on natural gas for space-heating, water-heating, cooking, air conditioning, dehumidification and on-site power generation. Rapidly growing population coupled with increasing need of energy and power expected to drive the growth of the market. Moreover, natural gas is a dominant fuel for the many industrial products including paper, metal, chemicals, petroleum, stone, clay, glass etc., which accelerate the overall liquefied natural gas (LNG) market. Introduction of Liquefied Natural Gas

Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, at about -260° Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than its volume in its gaseous state. Due to which natural gas can now be transported to locations where pipes cannot go. It its compact liquid form, natural gas can be shipped in special tankers to terminals around the world. At these terminals, the LNG is returned to its gaseous state and transported by pipeline to distribution companies, industrial consumers, and power plants.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are a major source of imports. Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to fall at a compound annual rate of 4.4% to €71.6 billion over the five years through 2024. Revenue expanded in 2021 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023. This trend is expected to continue into 2024, when revenue is slated to fall by 57%. Revenue is forecast to rise at a compound annual rate of 11.9% over the five years through 2029 to €125.3 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

Integrated Gas System Market size was valued at USD 491.90 Million in 2023 and is projected to reach USD 774.51 Million by 2030, growing at a CAGR of 6.7% during the forecast period 2024-2030.

Global Integrated Gas System Market Drivers

The growth and development of the Integrated Gas System Market is attributed to certain main market drivers. These factors have a big impact on how integrated gas systems are demanded and adopted in different sectors. Several of the major market forces are as follows

Growing worldwide Energy Demand: One of the main factors propelling the Integrated Gas System Market is the growing desire for cleaner, more sustainable energy sources, which goes hand in hand with the rising worldwide energy demand. Integrated gas systems help fulfill the world’s expanding energy needs while reducing their negative environmental effects. They typically entail the production and use of natural gas.

Energy Efficiency and Environmental Concerns: Industries are looking for energy-efficient solutions as a result of strict restrictions meant to reduce carbon emissions and an increasing emphasis on environmental sustainability. Adoption of integrated gas systems is fueled by their ability to use less energy and have a less environmental impact, especially when it comes to technologies like cogeneration and combined heat and power (CHP).

technology Developments: The Integrated Gas System Market is expanding as a result of ongoing technology developments in the distribution, processing, and consumption of gas. Advancements in gas processing technology, like modular gas processing units and sophisticated gas turbines, improve system flexibility, dependability, and efficiency, drawing in sectors seeking to modernize their infrastructure.

Industrial Applications: Integrated gas systems are used in a number of industries, such as manufacturing, chemicals, and refining, for feedstock applications, power generation, and process heating. The market is growing because of the need for dependable and affordable gas supply solutions for industrial processes.

Government rules and Incentives: The market for integrated gas systems is expanding as a result of laws, rules, and incentives that encourage the use of efficient energy systems and cleaner energy sources. Industries utilize integrated gas solutions in response to tax credits, subsidies, and emissions reduction targets.

Infrastructure Development: The need for integrated gas systems is influenced by the continuous infrastructure development, especially in emerging economies. The requirement for dependable and effective gas supply and usage systems is growing as companies update and expand their facilities.

Explore the Global Gas Engine Market, projected to grow at a CAGR of 5.35% from 2024-2030, reaching USD 7.2 billion by 2030. Learn about key drivers, trends, and opportunities.

In 2019, the U.S. industrial gas market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is likely to see steady growth in the near future.

By 2030, the sidetracking market is expected to be worth USD 651.6 Million, growing at a 6.30% CAGR. Market size, growth, share

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

[233+ Pages Report] The globally distributed energy generation market size is expected to grow from USD 281.9 billion in 2022 to USD 744.8 billion by 2030, at a CAGR of 11.41% from 2023-2030