Single User License: Natural Gas Storage Market - Global Industry USD 4315.5  Flat 10% Discount!! Analysis, Size, Share, Growth Trends and  Free Customization as per your requirement Forecast, 2015 - 2023  You will get Custom Report at Syndicated Report  Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] price Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT DESCRIPTION Chemically, natural gas is a colourless, odourless, and gaseous hydrocarbon. The exploration, production, and transportation of natural gas take time and hence, the storage of natural gas in underground storage facilities and in above-ground tanks is much needed. The global natural gas storage market has gained impetus from the growing demand for natural gas. In 2014, the overall market stood at 392,831.22 mcm and is estimated to reach 548,798.39 mcm by 2023, expanding at a CAGR of 3.7% during the period from 2015 to 2023. In-depth research report on Natural Gas Storage Market with Full TOC at : http://www.transparencymarketresearch.com/natural-gas-storage-market.html Hydraulic Fracking and Shale Gas Boom to Create New Opportunities for Global Natural Gas Storage Market Growing energy security concerns and favourable government regulations are bolstering the global natural gas storage market. However, the high capital-intensive nature of the market will restrain its growth in the coming years. Hydraulic fracking and shale gas boom has led to increased natural gas production. This will create new opportunity for the growth of the global natural gas storage market. Among Underground Storage Facilities, Depleted Reservoirs are the Cheapest On the basis of storage type, the global natural gas storage market has been broadly segmented into underground storage and above-ground storage. Underground storage has been further categorized into salt caverns, depleted reservoirs, and aquifers. The global natural gas storage market has been dominated by underground storage facilities that account for more than 95% market share. In 2014, depleted reservoirs were the largest number of underground storage facilities constructed across the globe. Depleted reservoirs are those structures where the recoverable natural gas has been already tapped and the underground formation is geologically capable to store natural gas. In terms of development, maintenance, and operations, depleted reservoirs are the cheapest. On the other hand, salt caverns are formed out of existing salt deposits and offer very high deliverability. Aquifers are underground porous rock formations that act as natural water reservoirs and can be also used as natural gas storage facilities. However, both salt caverns and aquifers are quite expensive. Further, the Environmental Protection Agency (EPA) has set certain regulations regarding the usage of aquifers as natural gas storage facilities to restrict the contamination of fresh water resources. Europe Dominated Global Natural Gas Storage Market in 2014 The global natural gas storage market has been segmented into four key regions: Europe, Asia Pacific, North America, and Rest of the World. In 2014, Europe accounted for more than 50% of the global market in terms of storage volume. Germany, Ukraine, Russia, Italy, and France are the key markets for natural gas storage in the European region. North America emerged as the second-largest natural gas storage market in 2014, followed by Asia Pacific. Key Players in Global Natural Gas Storage Market Some of the key players in the global natural gas storage market are Gazprom, Spectra Energy Corporation, Niska Gas Storage Partners LLC, Centrica Storage Ltd., Chiyoda Corporation, TransCanada Corporation, NAFTA A.S., Cardinal Gas Storage Partners LLC, Engie S.A., and Enbridge Gas Distribution Inc. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge. 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Transparency Market Research has released a new market research report titled Natural Gas Storage Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2015 - 2023. According to the report, the global natural gas storage market stood at 392,831.22 mcm in 2014 and is likely to reach 548,798.39 mcm by 2023, expanding at a CAGR of 3.7% between 2015 and 2023. Complete Report Natural Gas Storage Market with TOC : http://www.transparencymarketresearch.com/natural-gas-storage-market.html The global natural gas storage market was dominated by Europe in 2014. Demand for natural gas storage facilities is anticipated to be high in the region due to increasing concerns of energy security (uninterrupted supply of natural gas at affordable rates). A natural gas storage facility is vital as it balances the seasonal peak load demands and provides sustained supply of natural gas. Countries such as Germany, Italy, and France are increasing their natural gas storage capacity to reduce dependence on natural gas imports and to improve local natural gas inventory for applications such as district energy and combined heat and power (CHP) generation.