At what pace is the industrial and commercial natural gas distribution market growing, and what is its estimated value?
The industrial and commercial natural gas distribution market size has grown strongly in recent years. It will grow from $723.29 billion in 2024 to $783.68 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to economic growth, energy diversification strategies, expansion of gas pipeline infrastructure, government incentives and policies, and environmental regulations.
The industrial and commercial natural gas distribution market size is expected to see strong growth in the next few years. It will grow to $1034.56 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the transition to a low-carbon economy, shale gas and LNG developments, the rise of distributed energy resources, increased adoption of cogeneration systems, and hydrogen production from natural gas. Major trends in the forecast period include digitalization and smart gas networks, innovation in gas storage technologies, technological advancements in gas equipment, renewable natural gas (RNG) adoption, and carbon capture and storage (ccs) integration.
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What are the top drivers to the rising demand in the industrial and commercial natural gas distribution market?
The growth in the industrial and commercial natural gas distribution market is due to the higher disposable income, and rising demand from commercial customers. The rising demand from commercial customers is expected to propel the growth of the industrial and commercial natural gas distribution market going forward. A commercial customer is a customer who performs or produces a service or product that is a source of revenue to the customer. Commercial customers use natural gas for household purposes such as cooking and operating refrigeration and cooling equipment. For instance, in 2023, according to the American Gas Association (AGA), an American not-for-profit nationwide association for public & community-owned natural gas utilities, there were 5.62 million commercial consumers or businesses that depended on natural gas. Therefore, rising demand from commercial customers is driving the growth of the natural gas distribution market.
How is the industrial and commercial natural gas distribution market segmented?
The industrial and commercial natural gas distribution market covered in this report is segmented –
1) By Type: Industrial Natural Gas Distribution, and Commercial Natural Gas Distribution
2) By Source: Associated Gas, Non Associated Gas, Unconventional Sources
3) By End User: Light Duty Vehicles, Medium Or Heavy Duty Buses, Medium Or Heavy Duty Trucks
Subsegments:
1) By Industrial Natural Gas Distribution: Manufacturing Facilities, Power Generation Plants, Chemical Processing Plants, Oil Refineries
2) By Commercial Natural Gas Distribution: Retail Stores, Office Buildings, Restaurants And Food Services, Hotels And Hospitality Venues
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Who are the top competitors in the industrial and commercial natural gas distribution market?
Major companies operating in the industrial and commercial natural gas distribution market include Ultrapar Participacoes SA, Air Liquide SA, Korea Gas Corp., Sempra Energy, National Grid plc, Dominion Energy Inc., Enbridge Inc., Southern Company Gas, Atmos Energy Corporation, ONEOK Inc., CenterPoint Energy Inc., DTE Energy Company, Xcel Energy Inc., Duke Energy Company, Southwest Gas Holdings Inc., Spire Inc., New Jersey Resources Corporation, Northwest Natural Holding Company, South Jersey Industries Inc., Eversource Energy, Chesapeake Utilities Corporation, Black Hills Corporation, AltaGas Ltd., Emera Incorporated, Connecticut Natural Gas Corporation., Avista Corporation, MDU Resources Group Inc., Summit Utilities Inc., UGI Utilities Inc.
How will evolving trends contribute to the growth of the industrial and commercial natural gas distribution market?
The establishment of new city gas distribution plants is the key trend gaining popularity in the industrial and commercial natural gas distribution market. Major companies operating in the market are introducing gas distribution plants in every city to sustain their position in the market. For instance, in January 2022, Bharat Petroleum Corporation Ltd (BPCL), an India-based petrol and gas distribution company, launched city gas distribution networks in 6 cities throughout India which helps in the easy supply of natural gas. Bharat Petroleum invested INR 10000 cores in developing this project.
Which regional trends are influencing the industrial and commercial natural gas distribution market, and which area dominates the industry?
Asia-Pacific was the largest region in the industrial and commercial natural gas distribution market in 2024. The regions covered in the industrial and commercial natural gas distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
What Does The Industrial And Commercial Natural Gas Distribution Market Report 2025 Offer?
The industrial and commercial natural gas distribution market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Industrial and commercial natural gas distribution refers to a system that is used to operate gas distribution systems. Industrial and commercial natural gas refers to natural gas used for industrial and commercial purposes such as steam generation, metal casting, metal tempering, electricity generation, and as a fuel for commercial vehicles.
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