Austin, TX, USA, Feb. 05, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Natural Gas Storage Market Size, Trends and Insights By Storage Type (Underground, Floating, Others), By Application (Residential, Commercial, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034“ in its research database.
“According to the latest research study, the demand of global Natural Gas Storage Market size & share was valued at approximately USD 10,692.40 Million in 2024 and is expected to reach USD 10,986.76 Million in 2025 and is expected to reach a value of around USD 16,118.91 Million by 2034, at a compound annual growth rate (CAGR) of about 4.19% during the forecast period 2025 to 2034.”
Click Here to Access a Free Sample Report of the Global Natural Gas Storage Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=61108
Natural Gas Storage Market: Overview
Natural gas storage includes storing natural gas for future use, and this process is essential for managing change in the demand and supply gap, mainly during peak seasons like winter and summer. Natural gas is primarily stored underground in reservoirs, which allows efficient retrieval when needed.
The demand for natural gas storage is growing as energy systems move towards more sustainable solutions. The natural gas storage market is driven by increasing energy demand. It shifts towards cleaner fuel alternatives and the need for reliable energy storage to support another renewable energy source.
Natural gas reduces carbon emissions fuelling its demand across residential, commercial and industrial applications. Innovations in storage technologies, government incentives, and investments in infrastructure are further accelerating the growth of the natural gas storage market.
Various governments are implementing measures to increase the natural gas storage infrastructure. Incentives like tax breaks and grants for constructing compressed natural gas (CNG) fuelling stations have increased investments, driving the growth of the Natural Gas Storage Market in the forecast periods.
India and China are actively promoting CNG technologies to decrease emissions and improve air quality, creating opportunities for Natural Gas Storage Market growth. Also, Integrating CCS technologies with natural gas storage systems can enhance their role in decarbonization efforts, attracting significant investments and driving market demand.
However, high storage costs, stringent government regulations, and high initial investment are restraining the market growth.
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By storage type, the underground storage depleted reservoirs dominated the natural gas storage market in 2024. They are expected to keep their dominance during the forecast period due to their ability to store large gas volumes for a long time. These systems are essential for managing seasonal energy demand fluctuations, particularly in high-consumption regions. Technological enhancements in underground storage operations make them more efficient and reliable.
By application, the commercial segment is expected to keep its dominance during the forecast period due to the different natural gas applications in industries like food processing, plastics, and residential heating. The commercial sectors depend on natural gas for cooling, cooking, and heating systems, driving market demand. Residential and industrial segments depend on natural gas for heating and manufacturing, increasing the importance of efficient storage solutions and driving the demand for natural gas storage.
By Region, the Asia Pacific dominates the natural gas storage market and is expected to dominate during the forecast period due to high rural populations, increasing urbanization, and growing energy needs in nations like China, India, and Indonesia. The region’s expanding hospitality industry, with over 250,000 hotels as of 2022, underscores the rising use of natural gas for cooking and heating.
North America holds the second-largest market share, attributed to the region’s transition to cleaner energy sources. The U.S., as the world’s largest natural gas producer, invested in expanding underground storage facilities, which is expected to drive the Natural Gas Storage Market growth in this region.
Europe is expected to hold a substantial market share during the forecast period. Germany and the Netherlands prioritize developing energy storage systems that increase energy security and incorporate renewable solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2025 | USD 10,986.76 Million |
| Projected Market Size in 2034 | USD 16,118.91 Million |
| Market Size in 2024 | USD 10,692.40 Million |
| CAGR Growth Rate | 4.19% CAGR |
| Base Year | 2024 |
| Forecast Period | 2025-2034 |
| Key Segment | By Storage Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
(A free sample of the Natural Gas Storage report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Natural Gas Storage report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Natural Gas Storage market. The drivers, restraints, challenges, opportunities, and key trends have been explained in depth to depict in in-depth scenario of the Natural Gas Storage market. Segment wise market size and market share for Natural Gas Storage during the forecast period are duly addressed to portray the probable picture of the Global Natural Gas Storage industry.
The competitive landscape includes key innovators, market giants, and niche players, which are studied and analyzed extensively concerning their strengths, weaknesses, and value addition prospects. In addition, the report covers Natural Gas Storage key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the Natural Gas Storage market and what is its expected growth rate?
- What are the primary driving factors that push the Natural Gas Storage market forward?
- What are the Natural Gas Storage Industry’s top companies?
- What are the different categories that the Natural Gas Storage Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Natural Gas Storage market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2025−2034
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Natural Gas Storage Market: Regional Analysis
By Region, the Global Natural Gas Storage Market is segmented into Asia Pacific, Europe, North America, Middle East & Africa and Latin America. Among all of these, the Asia Pacific region held the largest market share among all other regions in the forecast period.
The market’s expansion can be primarily ascribed to the presence of large rural settlements in nations like China, Indonesia, and India, as well as ideal climates for producing natural gas. Additionally, the region’s market is expected to grow faster during the forecast period due to the growing number of hotels and the increased commercial viability of natural gas. Gas is more frequently used in hotels for cooking and other purposes. The total number of hotels in Asia Pacific was projected to be approximately 250,000 as of 2022.
The North American natural gas storage market is anticipated to hold the second-largest share among all other regions’ markets. The market’s expansion can be primarily ascribed to the increasing use of natural gas as a cleaner and more environmentally friendly substitute for LPG.
Additionally, the general public in this area is aware, which is thought to promote the use of natural gas. According to data from the U.S. Energy Information Administration (EIA), natural gas production exceeded 33,967,557 million cubic feet in 2019, while natural gas consumption increased to 31,099,061 million cubic feet. Additionally, the United States surpassed all other countries as the largest producer of natural gas in 2021, reaching about 800 billion cubic meters of consumption.
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List of the prominent players in the Natural Gas Storage Market:
- Worley Parsons
- Technip
- Samsung Heavy Industries
- Foster Wheeler
- GDF Suez
- Centrica
- Chiyoda Corporation
- E-On
- Spectra Energy
- Gazprom
- NAFTA A. S.
- Enbridge Gas Distribution Inc.
- Engie S. A.
- Spectra Energy Corporation
- Niska Gas Storage Partners LLC.
- TransCanada Corporation
- Cardinal Gas Storage Partners LLC.
- Others
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The Natural Gas Storage Market is segmented as follows:
By Storage Type
- Underground
- Floating
- Others
By Application
- Residential
- Commercial
- Others
Click Here to Get a Free Sample Report of the Global Natural Gas Storage Market @ https://www.custommarketinsights.com/report/natural-gas-storage-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Natural Gas Storage Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Natural Gas Storage Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Natural Gas Storage Market? What Was the Capacity, Production Value, Cost and PROFIT of the Natural Gas Storage Market?
- What Is the Current Market Status of the Natural Gas Storage Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Natural Gas Storage Market by Considering Applications and Types?
- What Are Projections of the Global Natural Gas Storage Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Natural Gas Storage Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Natural Gas Storage Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Natural Gas Storage Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Natural Gas Storage Industry?
Click Here to Access a Free Sample Report of the Global Natural Gas Storage Market @ https://www.custommarketinsights.com/report/natural-gas-storage-market/
Reasons to Purchase Natural Gas Storage Market Report
- Natural Gas Storage Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Natural Gas Storage Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Natural Gas Storage Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Natural Gas Storage Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Natural Gas Storage market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Natural Gas Storage market analysis.
- The competitive environment of current and potential participants in the Natural Gas Storage market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Natural Gas Storage market should find this report useful. The research will be useful to all market participants in the Natural Gas Storage industry.
- Managers in the Natural Gas Storage sector are interested in publishing up-to-date and projected data about the worldwide Natural Gas Storage market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Natural Gas Storage products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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