Thursday 30 April 2015, Amsterdam
The 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
The report said: “One key trend emerging in this market is the need to enhance the gas distribution network. Market players are investing a huge amount 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 growing energy security concerns. Depleting gas reserves and increased gas consumption have forced governments to invest in the storage of natural gas to meet future energy demand.
Further, the report states that one of the major challenges that the market faces 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.