The global demand for Dry Natural Gas Market is presumed to reach the market size of nearly USD 1845.61 BN by 2030 from USD 775.35 BN in 2022 with a CAGR of 11.45% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Million Cubic feet in 2022 and forecast to touch XX Million Cubic feet by 2030 with a CAGR of XX% during 2023-2030.
Dry natural gas is a type of natural gas that is composed primarily of methane. It is called dry because it does not contain any heavy hydrocarbons or water vapour typically found in natural gas. Dry natural gas is used as a fuel to heat, cook, and generate electricity. It is also used as a feedstock to produce ammonia and methanol. Dry natural gas is a clean-burning fuel and is considered more environmentally friendly compared to fossil fuels. It produces fewer greenhouse gas emissions when burned and is less toxic than other fossil fuels.
The rise of dry natural gas as a fuel source can be attributed to a number of factors. The increasing demand for cleaner and more environmentally friendly energy sources may drive market growth. Moreover, the development of new technologies that have made extracting and transporting natural gas easier and more cost-effective drives market growth. Furthermore, abundant natural gas resources worldwide have contributed to its market growth. However, the environmental impact of extracting and transporting it may limit the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of dry natural gas. The growth and trends of Dry Natural Gas Industry provide a holistic approach to this study.
This section of the dry natural gas market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Electric Power
- Others (Petrochemical, Aviation, Etc.)
This section covers the regional outlook, which accentuates current and future demand for the Dry Natural Gas market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Dry Natural Gas Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the dry natural gas market include EQT Corporation, Exxon Mobil, Chesapeake Energy, Southwestern Energy, Coterra Energy, British Petroleum BP, Shell, Chevron, Conocophillips, Ovintiv. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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