Thursday 9 April 2015,
The new report recognizes the following companies as the key players in the Global Natural Gas Storage Market: Centrica plc, GDF SUEZ SA, Niska Gas Storage Partners LLC, Samsung Heavy Industries Co. Ltd. (SHI) and Spectra Energy Corp.
Other Prominent Vendors in the market are: Chiyoda, E-on, Foster Wheeler, Technip and Worley Parsons.
Commenting on the report, an analyst from the report's team said: “One key trend in the market is the need to enhance the gas distribution network. The market players are investing a huge amount of funds to improve the gas distribution network by integrating it with depleted gas storage reserves.”
According to the report, one of the main drivers in this market is the growing energy security concerns. The depleting gas reserves and increased gas consumption have forced several governments to invest in the storage of natural gas to meet the future energy demand.
Further, the report states that one of the major challenges confronting the market is the capital-intensive nature of the market. High construction costs, land acquisitions, and government approvals are some of the major cost-incurring components for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.