Natural Gas Storage Market Growth & Trends:
The global natural gas storage market size is anticipated to reach 742.3 bcm by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.8% from 2025 to 2030. Increasing natural gas usage over coal in industries owing to low cost and environmental benefits coupled with favorable government regulation is expected to drive the market growth during the forecast period.
Natural gas consumption is highest during the wintertime and lowest during mild-weather months in North America and Europe, in particular, thus there are significant variations in seasonal demand, which also drives the market. Storage facilities are vital for continuous supply required to cater to rising energy demand.
Demand for underground storage of natural gas is anticipated to register the fastest CAGR over the forecast period owing to energy security concerns with rising production. Storage providers are focusing on storing the gas with long-term contract. Numerous market players are engaged in the ownership of storage facilities, including pipeline operators, utilities, and storage owners, which offers investors the potential for profit.
Critical transmission capacity coupled with high installation price restraints are estimated to hinder the growth for the industry over the next seven years. However, ample supply of gas coupled with enhanced recovery technologies is projected to deliver several profitable opportunities to storage providers.
Natural Gas Storage Market Report Highlights:
- Rising demand for natural gas in end-use industries, such as transportation, industrial purpose, and electricity generation, is expected to drive the market growth
- Rapid industrialization and urbanization in emerging economies of Latin America and Asia Pacific is projected to spur the market growth over the forecast period
- Underground storage held the largest market share in 2024. Natural gas is primarily stored in underground storage facilities, which is further segmented into depleted gas reservoirs, aquifers, and salt caverns
- Depleted gas reservoirs accounted for the largest market share in underground natural gas storage
- Salt cavern segment has been projected to witness the fastest CAGR over the forecast period
- North America led the global market in 2024 and will retain the leading position throughout the forecast years owing to increasing exploration and production activities in the region coupled with seasonal demand for natural gas
- Asia Pacific is expected to register the maximum CAGR from 2024 to 2030 due to high demand and implementation of the coal-to-gas policy by various countries in the region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Natural Gas Storage Market Variables, Trends & Scope
- 3.1. Global Natural Gas Storage Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand Gap Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat From New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Natural Gas Storage Market: Type Outlook Estimates & Forecasts
- 4.1. Natural Gas Storage Market: Type Movement Analysis, 2024 & 2030
- 4.1.1. Underground
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 4.1.2. Above Ground
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
Chapter 5. Natural Gas Storage Market Regional Outlook Estimates & Forecasts
- 5.1. Regional Snapshot
- 5.2. Natural Gas Storage Market: Regional Movement Analysis, 2024 & 2030
- 5.3. North America
- 5.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.3.3. U.S.
- 5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.3.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.3.4. Canada
- 5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.3.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.3.5. Mexico
- 5.3.5.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.3.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4. Europe
- 5.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4.3. Germany
- 5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4.4. UK
- 5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4.5. France
- 5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4.6. Italy
- 5.4.6.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.4.7. Ukraine
- 5.4.7.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.4.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.5. Asia Pacific
- 5.5.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.5.3. China
- 5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.5.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.5.4. Australia
- 5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.5.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.6. Latin America
- 5.6.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.6.3. Brazil
- 5.6.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.6.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.6.4. Argentina
- 5.6.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.6.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.7. Middle East & Africa
- 5.7.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.7.3. UAE
- 5.7.3.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.7.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
- 5.7.4. South Africa
- 5.7.4.1. Market Estimates and Forecast, 2018 - 2030 (BCM)
- 5.7.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (BCM)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Vendor Landscape
- 6.2.1. Company Categorization
- 6.2.2. List Of Key Distributors and Channel Partners
- 6.2.3. List Of Potential Customers/End Users
- 6.3. Competitive Dynamics
- 6.3.1. Competitive Benchmarking
- 6.3.2. Strategy Mapping
- 6.3.3. Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. McDermott International, Inc.
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Type Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. NAFTA A.S.
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Type Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. TransCanada Corp.
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Type Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. Royal Vopak N.V.
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Type Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. Chart Industries
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Type Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. Uniper
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Type Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. Sempra
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Type Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. Enbridge, Inc.
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Type Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Gazprom
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Type Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. Martin Midstream Partners L.P.
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Type Benchmarking
- 6.4.10.4. Strategic Initiatives